1st Constitution Bank Mortgage Rates, Fees & Info
Cranbury, NJLEI: 5493002T7QJXHY7QTC73
Tax ID: 22-2937245
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Overview
1st Constitution Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. 1st Constitution Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Philadelphia, Trenton, Allentown, and East Stroudsburg among others. 1st Constitution Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st Constitution Bank is typically an average fee lendor.Originations
772Origination Dollar Volume (All Markets)
$276,590,000Employee count
179Awards
1st Constitution Bank - 2021
1st Constitution Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for 1st Constitution Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
1st Constitution Bank's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
1st Constitution Bank's average total fees for a 30 year fixed rate
mortgage are $4,518.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 620 | $236,510,000 | $381,468 | $4,265 | 3.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $8,640,000 | $240,000 | $4,240 | 2.97% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 29 | $7,115,000 | $245,345 | $3,793 | 3.40% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 14 | $3,190,000 | $227,857 | $3,826 | 2.72% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 9 | $3,005,000 | $333,889 | $5,334 | 3.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $4,304 | 3.53% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,277 | 3.23% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $2,756 | 3.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $3,326 | 3.23% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $3,671 | 3.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $4,330 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $7,670 | 2.94% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,316 | 2.81% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,134 | 3.19% |
| Outside of Metro Areas | 1 | $545,000 | $545,000 | $3,152 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,407 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,490 | 2.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,536 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,029 | 2.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,447 | 3.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,895 | 3.13% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,184 | 2.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,071 | 3.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,189 | 2.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,636 | 2.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,339 | 2.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,380 | 2.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,301 | 3.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,111 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,346 | 2.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,825 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,181 | 4.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,306 | 3.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,741 | 4.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,524 | 2.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,444 | 2.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,058 | 4.88% |
1st Constitution Bank's top markets include New York, Philadelphia, Trenton, Allentown, and East Stroudsburg among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 719 | $258,605,000 | $359,673 | $3,758 | 3.09% |
| FHA | 53 | $17,985,000 | $339,340 | $10,177 | 2.96% |
For the 2021 period, 1st Constitution Bank's most frequently originated loan type of loans were Conventional, with 719 originations. Their 2nd most popular type is FHA, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 291 | $113,385,000 | $389,639 | $5,369 | 3.21% |
| Refi | 277 | $88,685,000 | $320,162 | $3,160 | 2.83% |
| Cash Out Refi | 185 | $61,175,000 | $330,676 | $4,116 | 3.14% |
| Other | 12 | $2,660,000 | $221,667 | $3,994 | 3.35% |
| Home Improvement | 7 | $10,685,000 | $1,526,429 | $641 | 5.29% |
For the 2021, 1st Constitution Bank's most frequently cited loan purpose of loans were Home Purchase, with 291 originations. The 2nd most popular reason of loans were Refi, with 277 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 589 | $198,665,000 | $337,292 | $4,518 | 3.10% |
| 15 Year | 89 | $24,745,000 | $278,034 | $3,099 | 2.51% |
| 20 Year | 38 | $11,340,000 | $298,421 | $2,931 | 2.81% |
| Other | 28 | $28,150,000 | $1,005,357 | $3,504 | 3.74% |
| 10 Year | 18 | $7,710,000 | $428,333 | $2,408 | 3.68% |
| 1 Year | 9 | $5,915,000 | $657,222 | $0 | 5.06% |
| 5 Year | 1 | $65,000 | $65,000 | $641 | 3.99% |
For the 2021, 1st Constitution Bank's most frequently cited loan length of loans were 30 Year, with 589 originations. The 2nd most popular length of loans were 15 Year, with 89 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 656 | $211,420,000 | $322,287 |
| $3k-4k | 35 | $13,195,000 | $377,000 |
| $1k-2k | 24 | $7,180,000 | $299,167 |
| $2k-3k | 19 | $5,895,000 | $310,263 |
| $5k+ | 9 | $3,575,000 | $397,222 |
$4,518 of loans were 1st Constitution Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 656 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 333 | $112,955,000 | $339,204 |
| 3-4% | 258 | $86,810,000 | $336,473 |
| <2.5% | 125 | $36,735,000 | $293,880 |
| 4-5% | 36 | $19,890,000 | $552,500 |
| 5-6% | 20 | $20,200,000 | $1,010,000 |
During 2021, 1st Constitution Bank's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 333 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 437 | $129,775,000 | $296,968 | $4,163 | 3.05% |
| $400k-600k | 139 | $66,495,000 | $478,381 | $5,219 | 3.01% |
| $100k-200k | 124 | $19,580,000 | $157,903 | $3,044 | 2.92% |
| $600k-1MM | 43 | $31,055,000 | $722,209 | $5,669 | 3.15% |
| $100,000 or less | 18 | $1,340,000 | $74,444 | $2,196 | 4.10% |
| $1MM+ | 11 | $28,345,000 | $2,576,818 | $0 | 4.94% |
2021 saw 1st Constitution Bank place emphasis on $200k-400k loans with 437 originations, totaling $129,775,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 206 | $67,760,000 | $328,932 | $4,168 | 3.03% |
| $150k-250k | 183 | $69,315,000 | $378,770 | $4,243 | 2.99% |
| $50k-75k | 123 | $30,145,000 | $245,081 | $4,574 | 3.02% |
| $75k-100k | 121 | $33,805,000 | $279,380 | $4,052 | 2.96% |
| $250k+ | 75 | $34,315,000 | $457,533 | $4,298 | 2.99% |
| $50k or less | 34 | $5,860,000 | $172,353 | $3,578 | 3.13% |
1st Constitution Bank lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $150k-250k, with 183 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 158 | $50,770,000 | $321,329 | $3,597 | 2.88% |
| 30-36% | 120 | $39,420,000 | $328,500 | $3,928 | 2.97% |
| 49% | 41 | $14,165,000 | $345,488 | $4,489 | 3.07% |
| 44% | 39 | $12,135,000 | $311,154 | $4,536 | 3.03% |
| <20% | 38 | $11,270,000 | $296,579 | $3,274 | 2.88% |
| 42% | 37 | $11,485,000 | $310,405 | $4,426 | 2.91% |
| 39% | 31 | $10,105,000 | $325,968 | $3,909 | 3.06% |
| 43% | 30 | $10,260,000 | $342,000 | $4,202 | 3.01% |
| 40% | 30 | $10,330,000 | $344,333 | $4,343 | 2.91% |
| 50-60% | 29 | $9,765,000 | $336,724 | $9,236 | 3.26% |
| 36% | 27 | $7,475,000 | $276,852 | $3,377 | 3.15% |
| 38% | 27 | $10,115,000 | $374,630 | $4,233 | 3.16% |
| 41% | 26 | $8,180,000 | $314,615 | $4,207 | 3.08% |
| 48% | 25 | $6,725,000 | $269,000 | $4,831 | 3.17% |
| 45% | 22 | $6,730,000 | $305,909 | $3,575 | 3.03% |
| 46% | 21 | $8,345,000 | $397,381 | $4,862 | 2.90% |
| 47% | 18 | $5,280,000 | $293,333 | $4,430 | 3.03% |
| 37% | 18 | $7,050,000 | $391,667 | $3,968 | 2.97% |
| >60% | 6 | $1,660,000 | $276,667 | $5,151 | 5.04% |
1st Constitution Bank lent most frequently to those with DTI ratios of 20-30%, with 158 originations. The next most common DTI ratio? 30-36%, with 120 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 471 | $155,495,000 | $330,138 | $4,128 | 3.03% |
| Not provided | 179 | $56,755,000 | $317,067 | $4,254 | 2.93% |
| Not applicable | 28 | $34,470,000 | $1,231,071 | $0 | 4.80% |
| Asian | 49 | $17,405,000 | $355,204 | $4,543 | 3.03% |
| Black | 44 | $12,210,000 | $277,500 | $4,666 | 3.15% |
| American Indian | 1 | $255,000 | $255,000 | $3,061 | 3.25% |
Approval Rates
Total approvals of all applications97.21%
1st Constitution Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.56%
1st Constitution Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 772 | $276,590,000 | $358,277 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 772 | $276,590,000 | $358,277 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 41 | $8,345,000 | $203,537 | $2,957 | 3.01% |
| 40-60% | 179 | $56,595,000 | $316,173 | $3,268 | 2.92% |
| 60-80% | 362 | $136,020,000 | $375,746 | $3,952 | 3.13% |
| 80-100% | 185 | $75,355,000 | $407,324 | $5,949 | 3.10% |
| Under 20% | 5 | $275,000 | $55,000 | $959 | 4.45% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| 1st Constitution Bank | 1130 East Veterans Highway Jackson, NJ 8527 | Full Service B&M | $46,868 |
| 1st Constitution Bank | 1 North Harrison Street Jamesburg, NJ 8831 | Full Service B&M | $39,151 |
| 1st Constitution Bank | 1012 Hooper Avenue Toms River, NJ 8753 | Full Service B&M | $94,861 |
| 1st Constitution Bank | 11 Schalks Crossing Road Plainsboro, NJ 8536 | Full Service B&M | $156,789 |
| 1st Constitution Bank | 32 New Amwell Road Hillsborough, NJ 8844 | Full Service B&M | $95,950 |
| 1st Constitution Bank | 3441 Highway 9 Freehold, NJ 7728 | Full Service B&M | $63,295 |
| 1st Constitution Bank | 3659 Nottingham Way Hamilton Square, NJ 8690 | Full Service B&M | $38,054 |
| 1st Constitution Bank | 444 Ocean Boulevard Long Branch, NJ 7740 | Full Service B&M | $12,947 |
| 1st Constitution Bank | 500 Broad Street Shrewsbury, NJ 7702 | Full Service B&M | $33,028 |
| 1st Constitution Bank | 511 Cookman Avenue Asbury Park, NJ 7712 | Full Service B&M | $42,200 |
| 1st Constitution Bank | 517 Prospect Ave Little Silver, NJ 7739 | Full Service B&M | $35,353 |
| 1st Constitution Bank | 517 Prospect Avenue Little Silver, NJ 7739 | Full Service B&M | $0 |
| 1st Constitution Bank | 636 River Road Fair Haven, NJ 7704 | Full Service B&M | $29,307 |
| 1st Constitution Bank | 74 North Main Street Cranbury, NJ 8512 | Full Service B&M | $76,327 |
| 1st Constitution Bank | 86 E. Broad Street Hopewell, NJ 8525 | Full Service B&M | $30,491 |
| 1st Constitution Bank | 995 Route 518 Skillman, NJ 8558 | Full Service B&M | $129,366 |
| 1st Constitution Bank | 118 Third Avenue Neptune City, NJ 7753 | Full Service B&M | $19,427 |
| 1st Constitution Bank | 1216 Route 37 Toms River, NJ 8753 | Full Service B&M | $84,639 |
| 1st Constitution Bank | 140 Mercer Street Hightstown, NJ 8520 | Full Service B&M | $55,195 |
| 1st Constitution Bank | 145 Fayette Street Perth Amboy, NJ 8861 | Full Service B&M | $61,527 |
| 1st Constitution Bank | 150 Lawrenceville-Pennington Rd, Suite # 7 Lawrenceville, NJ 8648 | Full Service B&M | $9,015 |
| 1st Constitution Bank | 180 Main Street Fort Lee, NJ 7024 | Full Service B&M | $37,674 |
| 1st Constitution Bank | 20 Bingham Avenue Rumson, NJ 7760 | Full Service B&M | $75,226 |
| 1st Constitution Bank | 2000 Windrow Drive Princeton, NJ 8540 | Full Service B&M | $8,322 |
| 1st Constitution Bank | 2160 N Central Rd, Ste 308 Fort Lee, NJ 7024 | Full Service B&M | $0 |
| 1st Constitution Bank | 2650 Route 130 Cranbury, NJ 8512 | Full Service B&M | $167,905 |
| 1st Constitution Bank | 280 Route 72 East Manahawkin, NJ 8050 | Full Service B&M | $103,492 |
For 2021, 1st Constitution Bank had 27 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $64,460 |
| Net interest income | $59,166 |
| Total noninterest income | $14,077 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $771 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $13,306 |
| Pre-tax net operating income | $28,076 |
| Securities gains (or losses, -) | $186 |
| Income before extraordinary items | $20,563 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $20,563 |
| Minority interest net income | $0 |
| Net income | $20,563 |
| Sale, conversion, retirement of capital stock, net | $1,077 |
| Net operating income | $20,416 |
1st Constitution Bank's gross interest income from loans was $64,460,000.
1st Constitution Bank's net interest income from loans was $59,166,000.
1st Constitution Bank's fee based income from loans was $771,000.
1st Constitution Bank's net income from loans was $20,563,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,294 |
| Provision for credit losses | $2,100 |
| Total noninterest expense | $43,067 |
| Salaries and employee benefits | $26,296 |
| Premises and equipment expense | $6,160 |
| Additional noninterest expense | $10,611 |
| Applicable income taxes | $7,699 |
| Net charge-offs | $1,060 |
| Cash dividends | $4,318 |
1st Constitution Bank's interest expense for loans was $5,294,000.
1st Constitution Bank's payroll and benefits expense were $26,296,000.
1st Constitution Bank's property, plant and equipment expenses $6,160,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 6.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $1,658,778 |
| Deposits held in domestic offices | $1,658,778 |
| Deposits by Individuals, partnerships, and corporations | $1,441,947 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $216,831 |
| 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 | $175,113 |
| Demand deposits | $113,460 |
| Nontransaction accounts | $1,483,665 |
| Money market deposit accounts (MMDAs) | $68,717 |
| Other savings deposits (excluding MMDAs) | $1,265,633 |
| Total time deposits | $149,315 |
| Total time and savings deposits | $1,545,318 |
| Noninterest-bearing deposits | $515,602 |
| Interest-bearing deposits | $1,143,176 |
| Retail deposits | $1,632,406 |
| IRAs and Keogh plan accounts | $32,051 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,903,178 |
| Cash & Balances due from depository institutions | $324,639 |
| Interest-bearing balances | $304,528 |
| Total securities | $348,316 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,113,125 |
| Loan and leases loss allowance | $16,681 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $28,386 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $36,673 |
| All other assets | $52,039 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,903,178 |
| Total Liabilities | $1,683,155 |
| Total deposits | $1,658,778 |
| Interest-bearing deposits | $1,143,176 |
| Deposits held in domestic offices | $1,658,778 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,814 |
| Subordinated debt | $0 |
| All other liabilities | $8,563 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,113,125 |
| Loan and leases loss allowance | $16,681 |
| Total loans and leases (domestic) | $1,129,806 |
| All real estate loans | $860,552 |
| Real estate loans in domestic offices | $860,552 |
| Construction and development loans | $112,649 |
| Residential 1-4 family construction | $51,546 |
| Other construction, all land development and other land | $61,103 |
| Loans secured by nonfarm nonresidential properties | $525,265 |
| Nonfarm nonresidential secured by owner-occupied properties | $228,264 |
| Commercial real estate & other non-farm, non-residential | $297,001 |
| Multifamily residential real estate | $91,685 |
| 1-4 family residential loans | $130,110 |
| Farmland loans | $843 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $267,741 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,027 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $634 |
| Other loans to individuals | $393 |
| All other loans & leases | $486 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $486 |
| 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 | $4,967 |
| Non 1-4 family restructured loans & leases | $4,967 |
| Total loans and leases (foreign) | $0 |
1st Constitution Bank had $1,113,125,000 of loans outstanding in 2021. $860,552,000 of loans were in real estate loans. $112,649,000 of loans were in development loans. $91,685,000 of loans were in multifamily mortgage loans. $130,110,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $634,000 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 | 444 | $122,483 | $275,863 |
| Nonfarm, nonresidential loans - <$100k | 54 | $1,814 | $33,593 |
| Nonfarm, nonresidential loans - $100-250k | 104 | $11,059 | $106,337 |
| Nonfarm, nonresidential loans - $250k-1MM | 286 | $109,610 | $383,252 |
| Commercial & Industrial, US addressed loans - <$1MM | 400 | $35,387 | $88,468 |
| Commercial & Industrial, US addressed loans - <$100k | 159 | $3,098 | $19,484 |
| Commercial & Industrial, US addressed loans - $100-250k | 109 | $5,796 | $53,174 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 132 | $26,493 | $200,705 |
| Farmland loans - <$1MM | 2 | $381 | $190,500 |
| Farmland loans - $250k-1MM | 2 | $381 | $190,500 |
