First Community Bank Mortgage Rates, Fees & Info

Lexington, SC

LEI: 5493001HBUA9JSUEWO16

Tax ID: 57-1030051

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Columbia, Augusta, Greenville, Charlotte, and Newberry among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.66% 3/24/24
30 Year Conventional Refi 6.70% 3/24/24
30 Year Cash-out Refi 6.86% 3/24/24
30 Year FHA Purchase 7.30% 3/24/24
30 Year FHA Refi 7.32% 3/24/24
30 Year VA Purchase 6.68% 3/24/24
30 Year USDA Purchase 6.99% 3/24/24
15 Year Conventional Purchase 6.49% 3/24/24
15 Year Conventional Refi 6.25% 3/24/24
15 Year Cash-out Refi 6.25% 3/24/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Community Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

715

Origination Dollar Volume (All Markets)

$139,795,000

Employee count

242 Show all (7) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBIA, SC (FHA|USDA|VA) 408 $84,620,000 $207,402 $3,893 4.41%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 91 $14,955,000 $164,341 $3,275 4.32%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 61 $11,665,000 $191,230 $4,030 4.35%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 29 $6,005,000 $207,069 $6,166 4.37%
Newberry, SC (FHA|USDA|VA) 37 $4,465,000 $120,676 $3,231 4.43%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 13 $3,395,000 $261,154 $5,198 4.27%
Orangeburg, SC (FHA|USDA|VA) 17 $2,865,000 $168,529 $2,757 4.43%
Outside of Metro Areas 13 $2,465,000 $189,615 $4,845 4.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,385,000 $277,000 $5,613 3.67%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,933 4.52%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $830,000 $207,500 $4,910 4.69%
SPARTANBURG, SC (FHA|USDA|VA) 4 $750,000 $187,500 $2,796 4.33%
Shelby, NC (FHA|USDA|VA) 3 $615,000 $205,000 $6,908 4.46%
Georgetown, SC (FHA|USDA|VA) 3 $525,000 $175,000 $3,730 5.33%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $405,000 $405,000 $3,332 4.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,703 4.50%
MORRISTOWN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $8,511 4.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $10,042 4.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.63%
Seneca, SC (FHA|USDA|VA) 3 $315,000 $105,000 $3,613 4.88%
SUMTER, SC (FHA|USDA|VA) 3 $305,000 $101,667 $2,965 4.64%
Albemarle, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,129 4.38%
Forest City, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,878 4.50%
Richmond-Berea, KY (FHA|USDA|VA) 1 $185,000 $185,000 $3,809 4.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,893 5.50%
FLORENCE, SC (FHA|USDA|VA) 2 $180,000 $90,000 $1,871 4.61%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,323 3.85%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,748 3.99%
ASHEVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $1,110 3.75%
St. Marys, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
First Community Bank's top markets include Columbia, Augusta, Greenville, Charlotte, and Newberry among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 402
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 882
    Belmont Savings Bank, SSB
    Similarity Rank: 897
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 1080
    BLMC, INC
    Similarity Rank: 1266
    Arrowpointe Federal Credit Union
    Similarity Rank: 1316
    Grow Financial Federal Credit Union
    Similarity Rank: 1368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 523 $109,995,000 $210,315 $3,676 4.46%
    FHA 129 $21,005,000 $162,829 $5,557 4.16%
    USDA 63 $8,795,000 $139,603 $2,526 4.30%

    For 2019, First Community Bank's most frequently originated type of loan was Conventional, with 523 originations. Their 2nd most popular type was FHA, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 561 $109,505,000 $195,196 $3,972 4.43%
    Refi 77 $16,455,000 $213,701 $3,933 4.20%
    Cash Out Refi 62 $11,960,000 $192,903 $3,976 4.25%
    Other 11 $1,215,000 $110,455 $2,263 4.49%
    Home Improvement 4 $660,000 $165,000 $3,073 4.16%

    For 2019, First Community Bank's most frequently cited loan purpose was Home Purchase, with 561 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 533 $102,495,000 $192,298 $3,732 4.29%
    5 Year 41 $7,055,000 $172,073 $1,434 5.03%
    30+ year 41 $12,665,000 $308,902 $7,517 5.57%
    Other 39 $5,445,000 $139,615 $2,437 4.75%
    15 Year 37 $7,325,000 $197,973 $4,002 3.63%
    20 Year 10 $2,040,000 $204,000 $3,671 3.99%
    10 Year 9 $2,265,000 $251,667 $4,182 3.86%
    1 Year 5 $505,000 $101,000 $1,619 5.11%

    For 2019, First Community Bank's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was 5 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 281 $47,265,000 $168,203
    $1k-2k 180 $37,170,000 $206,500
    $2k-3k 90 $14,920,000 $165,778
    $3k-4k 58 $13,950,000 $240,517
    $4k-5k 25 $8,145,000 $325,800
    $5k+ 13 $5,695,000 $438,077

    First Community Bank's average total fees were $3,732, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 366 $69,520,000 $189,945
    3-4% 233 $48,565,000 $208,433
    5-6% 95 $16,065,000 $169,105
    6-7% 15 $4,685,000 $312,333
    2.5-3% 5 $955,000 $191,000
    <2.5% 1 $5,000 $5,000

    During 2019, First Community Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 366 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 323 $47,345,000 $146,579 $3,678 4.38%
    $200k-400k 236 $64,430,000 $273,008 $4,571 4.31%
    $100,000 or less 113 $8,345,000 $73,850 $2,580 4.57%
    $400k-600k 42 $18,820,000 $448,095 $5,545 4.49%
    $600k-1MM 1 $855,000 $855,000 $0 4.49%

    2019 saw First Community Bank place emphasis on $100k-200k loans with 323 originations, totaling $47,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 172 $29,170,000 $169,593 $3,552 4.30%
    $50k or less 147 $17,815,000 $121,190 $3,313 4.29%
    $75k-100k 123 $24,165,000 $196,463 $4,119 4.33%
    $100k-150k 106 $26,320,000 $248,302 $4,550 4.38%
    $150k-250k 70 $19,540,000 $279,143 $4,689 4.50%
    $250k+ 37 $10,865,000 $293,649 $4,680 4.42%

    First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 172 originations. The second most popular income band? $50k or less, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 177 $34,745,000 $196,299 $3,976 4.36%
    30-36% 102 $18,920,000 $185,490 $3,777 4.30%
    <20% 70 $14,230,000 $203,286 $3,764 4.17%
    44% 32 $6,880,000 $215,000 $4,461 4.39%
    36% 30 $5,670,000 $189,000 $3,773 4.21%
    39% 30 $6,050,000 $201,667 $3,856 4.53%
    38% 27 $4,585,000 $169,815 $3,690 4.27%
    40% 23 $4,195,000 $182,391 $3,793 4.14%
    41% 22 $4,600,000 $209,091 $4,300 4.49%
    42% 20 $4,130,000 $206,500 $2,997 4.51%
    43% 20 $4,100,000 $205,000 $4,128 4.18%
    37% 19 $3,445,000 $181,316 $4,300 4.54%
    50-60% 18 $2,990,000 $166,111 $5,245 4.30%
    45% 17 $3,855,000 $226,765 $4,347 4.45%
    46% 17 $3,045,000 $179,118 $4,895 4.68%
    49% 14 $2,730,000 $195,000 $3,482 4.28%
    48% 12 $2,770,000 $230,833 $3,061 4.30%
    47% 9 $1,995,000 $221,667 $3,719 4.59%
    >60% 1 $65,000 $65,000 $2,313 4.25%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 559 $111,355,000 $199,204 $3,959 4.33%
    Not applicable 54 $10,730,000 $198,704 $0 5.03%
    Black 57 $8,725,000 $153,070 $3,492 4.53%
    Not provided 26 $5,390,000 $207,308 $4,172 4.25%
    Asian 12 $2,410,000 $200,833 $4,116 3.81%
    American Indian 3 $685,000 $228,333 $4,851 4.78%
    Native Hawaiian or Islander 4 $500,000 $125,000 $3,977 4.56%

    Approval Rates

    Total approvals of all applications
    90.16%

    First Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.62%

    First Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 715 $139,795,000 $195,517

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $85,000 $85,000
    Multifamily:Site-Built 12 $4,650,000 $387,500
    Single Family (1-4 Units):Manufactured 75 $9,135,000 $121,800
    Single Family (1-4 Units):Site-Built 627 $125,925,000 $200,837

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,215,000 $105,476 $2,474 4.38%
    40-60% 48 $8,720,000 $181,667 $4,078 4.24%
    60-80% 207 $42,335,000 $204,517 $3,947 4.56%
    80-100% 417 $83,945,000 $201,307 $4,060 4.33%
    Over 100% 13 $2,065,000 $158,846 $2,767 4.10%
    Under 20% 9 $515,000 $57,222 $1,532 4.52%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. VA mortgage Closing on a mortgage 1 50.0%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Community Bank 101 N Wheeler Avenue Prosperity, SC 29127 Full Service B&M $27,220
    First Community Bank 1030 Lake Murray Boulevard Irmo, SC 29063 Full Service B&M $48,573
    First Community Bank 105 N Spring St Greenville, SC 29601 Full Service B&M $2,882
    First Community Bank 11000 Anderson Road Piedmont, SC 29673 Full Service B&M $16,989
    First Community Bank 1200 Town Park Lane Evans, GA 30809 Full Service B&M $1,111
    First Community Bank 1213 Lady Street Columbia, SC 29201 Full Service B&M $48,938
    First Community Bank 127 Amicks Ferry Road Chapin, SC 29036 Full Service B&M $70,578
    First Community Bank 1449 Two Notch Road Lexington, SC 29073 Full Service B&M $28,144
    First Community Bank 1670 East Main Street Easley, SC 29641 Full Service B&M $76,724
    First Community Bank 1735 Wilson Road Newberry, SC 29108 Full Service B&M $122,518
    First Community Bank 201 Main Street Blythewood, SC 29016 Full Service B&M $14,713
    First Community Bank 3638 Walton Way Extension Augusta, GA 30909 Full Service B&M $58,494
    First Community Bank 407 Silver Bluff Road Sw Aiken, SC 29803 Full Service B&M $55,574
    First Community Bank 4325 Augusta Hwy Gilbert, SC 29054 Full Service B&M $36,449
    First Community Bank 4404 Forest Drive Columbia, SC 29206 Full Service B&M $75,476
    First Community Bank 45 Farrs Bridge Road Greenville, SC 29617 Full Service B&M $21,727
    First Community Bank 506 Meeting Street West Columbia, SC 29169 Full Service B&M $49,341
    First Community Bank 5455 Sunset Boulevard Lexington, SC 29072 Full Service B&M $121,496
    First Community Bank 631 W. Dekalb Street Camden, SC 29020 Full Service B&M $32,789
    First Community Bank 771 Broad St, Suite 100 Augusta, GA 30901 Full Service B&M $1,425
    First Community Bank 9822 Two Notch Road Columbia, SC 29223 Full Service B&M $29,643

    For 2019, First Community Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,606
    Net interest income $37,585
    Total noninterest income $11,307
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,730
    Trading account gains and fees $0
    Additional Noninterest Income $9,577
    Pre-tax net operating income $14,809
    Securities gains (or losses, -) $138
    Income before extraordinary items $11,833
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,833
    Minority interest net income $0
    Net income $11,833
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,723

    First Community Bank's gross interest income from loans was $42,606,000.
    First Community Bank's net interest income from loans was $37,585,000.
    First Community Bank's fee based income from loans was $1,730,000.
    First Community Bank's net income from loans was $11,833,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,021
    Provision for credit losses $139
    Total noninterest expense $33,944
    Salaries and employee benefits $21,077
    Premises and equipment expense $3,899
    Additional noninterest expense $8,968
    Applicable income taxes $3,114
    Net charge-offs $-225
    Cash dividends $7,057

    First Community Bank's interest expense for loans was $5,021,000.
    First Community Bank's payroll and benefits expense were $21,077,000.
    First Community Bank's property, plant and equipment expenses $3,899,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $991,762
    Deposits held in domestic offices $991,762
    Deposits by Individuals, partnerships, and corporations $935,719
    Deposits by U.S. Government $36
    Deposits by States and political subdivisions in the U.S. $56,007
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,325
    Demand deposits $35,325
    Nontransaction accounts $956,437
    Money market deposit accounts (MMDAs) $194,089
    Other savings deposits (excluding MMDAs) $591,662
    Total time deposits $170,686
    Total time and savings deposits $956,437
    Noninterest-bearing deposits $293,317
    Interest-bearing deposits $698,446
    Retail deposits $961,569
    IRAs and Keogh plan accounts $29,720
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,170,076
    Cash & Balances due from depository institutions $47,692
    Interest-bearing balances $32,741
    Total securities $286,800
    Federal funds sold & reverse repurchase $0
    Net loans and leases $741,556
    Loan and leases loss allowance $6,627
    Trading account assets $0
    Bank premises and fixed assets $38,760
    Other real estate owned $1,409
    Goodwill and other intangibles $16,120
    All other assets $37,739

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,170,076
    Total Liabilities $1,038,493
    Total deposits $991,762
    Interest-bearing deposits $698,446
    Deposits held in domestic offices $991,762
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $33,296
    Trading liabilities $0
    Other borrowed funds $3,477
    Subordinated debt $0
    All other liabilities $9,958

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $741,556
    Loan and leases loss allowance $6,627
    Total loans and leases (domestic) $748,183
    All real estate loans $686,674
    Real estate loans in domestic offices $686,674
    Construction and development loans $85,717
    Residential 1-4 family construction $16,651
    Other construction, all land development and other land $69,066
    Loans secured by nonfarm nonresidential properties $436,027
    Nonfarm nonresidential secured by owner-occupied properties $230,834
    Commercial real estate & other non-farm, non-residential $205,193
    Multifamily residential real estate $22,662
    1-4 family residential loans $141,282
    Farmland loans $986
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $45,813
    To non-U.S. addressees $0
    Loans to individuals $9,924
    Credit card loans $0
    Related Plans $1,550
    Consumer Auto Loans $210
    Other loans to individuals $8,164
    All other loans & leases $5,772
    Loans to foreign governments and official institutions $0
    Other loans $143
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,668
    Non 1-4 family restructured loans & leases $1,412
    Total loans and leases (foreign) $0

    First Community Bank had $741,556,000 of loans outstanding in 2019. $686,674,000 of loans were in real estate loans. $85,717,000 of loans were in development loans. $22,662,000 of loans were in multifamily mortgage loans. $141,282,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $210,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 841 $192,769 $229,214
    Nonfarm, nonresidential loans - <$100k 175 $8,108 $46,331
    Nonfarm, nonresidential loans - $100-250k 266 $35,301 $132,711
    Nonfarm, nonresidential loans - $250k-1MM 400 $149,360 $373,400
    Commercial & Industrial, US addressed loans - <$1MM 608 $30,543 $50,235
    Commercial & Industrial, US addressed loans - <$100k 448 $9,390 $20,960
    Commercial & Industrial, US addressed loans - $100-250k 109 $8,544 $78,385
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $12,609 $247,235
    Farmland loans - <$1MM 10 $986 $98,600
    Farmland loans - <$100k 6 $291 $48,500
    Farmland loans - $100-250k 3 $443 $147,667
    Farmland loans - $250k-1MM 1 $252 $252,000