First Ic Corporation Mortgage Rates, Fees & Info
Doraville, GALEI: 5493004LYI6NSVMGYH15
Tax ID: 50-2256078
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Bank Data
Review & Overview
First Ic Corporation is a smaller mortgage company specializing in various types of mortgages.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.
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Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MERCHANTS CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Ic Bank | 10820 Abbotts Bridge Road, Suite O Duluth, GA 30097 | Full Service B&M | $118,654 |
| First Ic Bank | 1291 Old Peachtree Rd, Bldg 500 Suwanee, GA 30024 | Full Service B&M | $140,999 |
| First Ic Bank | 204-08 Northern Boulevard Bayside, NY 11361 | Full Service B&M | $20,654 |
| First Ic Bank | 211 Broad Avenue Palisades Park, NJ 7650 | Full Service B&M | $30,228 |
| First Ic Bank | 2230 Pleasant Hill Road Duluth, GA 30096 | Full Service B&M | $127,618 |
| First Ic Bank | 2509 Old Denton Rd Carrollton, TX 75006 | Full Service Retail | $25,603 |
| First Ic Bank | 3170 Peachtree Parkway Johns Creek, GA 30024 | Full Service B&M | $6,022 |
| First Ic Bank | 3345 Wilshire Blvd, Suite 100 Los Angeles, CA 90010 | Full Service B&M | $48,235 |
| First Ic Bank | 5593 Buford Highway Doraville, GA 30340 | Full Service B&M | $234,126 |
| First Ic Bank | 6170 Live Oak Parkway Norcross, GA 30093 | Full Service B&M | $33,261 |
For 2021, First Ic Corporation had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,421 |
| Net interest income | $30,724 |
| Total noninterest income | $18,866 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,656 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $17,210 |
| Pre-tax net operating income | $25,958 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $19,598 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $19,598 |
| Minority interest net income | $0 |
| Net income | $19,598 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $19,598 |
First Ic Corporation's gross interest income from loans was $33,421,000.
First Ic Corporation's net interest income from loans was $30,724,000.
First Ic Corporation's fee based income from loans was $1,656,000.
First Ic Corporation's net income from loans was $19,598,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,697 |
| Provision for credit losses | $0 |
| Total noninterest expense | $23,632 |
| Salaries and employee benefits | $13,259 |
| Premises and equipment expense | $3,350 |
| Additional noninterest expense | $7,023 |
| Applicable income taxes | $6,360 |
| Net charge-offs | $-919 |
| Cash dividends | $0 |
First Ic Corporation's interest expense for loans was $2,697,000.
First Ic Corporation's payroll and benefits expense were $13,259,000.
First Ic Corporation's property, plant and equipment expenses $3,350,000.
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 | $832,179 |
| Deposits held in domestic offices | $832,179 |
| Deposits by Individuals, partnerships, and corporations | $832,180 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $316,216 |
| Demand deposits | $266,646 |
| Nontransaction accounts | $515,964 |
| Money market deposit accounts (MMDAs) | $294,414 |
| Other savings deposits (excluding MMDAs) | $18,355 |
| Total time deposits | $203,193 |
| Total time and savings deposits | $565,534 |
| Noninterest-bearing deposits | $266,646 |
| Interest-bearing deposits | $565,533 |
| Retail deposits | $750,755 |
| IRAs and Keogh plan accounts | $5,922 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $942,129 |
| Cash & Balances due from depository institutions | $217,307 |
| Interest-bearing balances | $209,134 |
| Total securities | $44,809 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $661,047 |
| Loan and leases loss allowance | $9,576 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,705 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,577 |
| All other assets | $6,684 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $942,129 |
| Total Liabilities | $838,012 |
| Total deposits | $832,179 |
| Interest-bearing deposits | $565,533 |
| Deposits held in domestic offices | $832,179 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,833 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $661,047 |
| Loan and leases loss allowance | $9,576 |
| Total loans and leases (domestic) | $670,623 |
| All real estate loans | $600,422 |
| Real estate loans in domestic offices | $600,422 |
| Construction and development loans | $839 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $839 |
| Loans secured by nonfarm nonresidential properties | $493,776 |
| Nonfarm nonresidential secured by owner-occupied properties | $197,221 |
| Commercial real estate & other non-farm, non-residential | $296,555 |
| Multifamily residential real estate | $3,621 |
| 1-4 family residential loans | $96,286 |
| Farmland loans | $5,900 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $74,708 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $121 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $121 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First IC Corporation had $661,047,000 of loans outstanding in 2021. $600,422,000 of loans were in real estate loans. $839,000 of loans were in development loans. $3,621,000 of loans were in multifamily mortgage loans. $96,286,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 259 | $61,885 | $238,938 |
| Nonfarm, nonresidential loans - <$100k | 4 | $121 | $30,250 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $3,625 | $106,618 |
| Nonfarm, nonresidential loans - $250k-1MM | 221 | $58,139 | $263,072 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,070 | $47,506 | $44,398 |
| Commercial & Industrial, US addressed loans - <$100k | 871 | $17,406 | $19,984 |
| Commercial & Industrial, US addressed loans - $100-250k | 116 | $12,875 | $110,991 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 83 | $17,225 | $207,530 |
| Farmland loans - <$1MM | 1 | $297 | $297,000 |
| Farmland loans - $250k-1MM | 1 | $297 | $297,000 |