1st Colonial Community Bank Mortgage Rates, Fees & Info

Collingswood, NJ

LEI: 54930089Y8VTOF8RPD25

Tax ID: 22-3719127

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    1st Colonial Community Bank is a smaller bank specializing in Home Purchase and Refi loans. 1st Colonial Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Ocean City, Atlantic City, and Trenton among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st Colonial 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. 1st Colonial Community Bank is typically an average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.23% 12/16/24
    30 Year Conventional Purchase 6.56% 12/16/24
    30 Year Conventional Refi 6.47% 12/16/24
    30 Year Cash-out Refi 6.49% 12/16/24
    30 Year FHA Purchase 7.31% 12/16/24
    30 Year FHA Refi 7.09% 12/16/24
    30 Year VA Purchase 6.19% 12/16/24
    30 Year USDA Purchase 6.75% 12/16/24
    15 Year Conventional Purchase 6.10% 12/16/24
    15 Year Conventional Refi 6.17% 12/16/24
    15 Year Cash-out Refi 6.17% 12/16/24
    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.

    1st Colonial Community Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from 1st Colonial 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

    930

    Origination Dollar Volume (All Markets)

    $312,700,000

    Employee count

    102 Show all (5) 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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 713 $225,005,000 $315,575 $4,513 3.11%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 68 $32,820,000 $482,647 $5,745 3.07%
    OCEAN CITY, NJ (FHA|USDA|VA) 42 $25,620,000 $610,000 $5,125 2.99%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 59 $17,555,000 $297,542 $4,438 3.11%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 11 $2,535,000 $230,455 $5,648 2.84%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 12 $1,910,000 $159,167 $4,296 3.71%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,530,000 $382,500 $3,992 3.22%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $885,000 $885,000 $8,007 3.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $635,000 $127,000 $0 4.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $580,000 $290,000 $4,096 3.06%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $535,000 $535,000 $5,907 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $485,000 $485,000 $3,423 2.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $445,000 $445,000 $3,986 3.13%
    LANCASTER, PA (FHA|USDA|VA) 1 $405,000 $405,000 $6,279 2.63%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,719 2.75%
    Outside of Metro Areas 1 $305,000 $305,000 $4,681 2.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,236 2.38%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,294 2.88%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $205,000 $205,000 $2,022 2.75%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $160,000 $80,000 $2,553 2.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $125,000 $125,000 $2,350 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $85,000 $85,000 $2,604 2.75%
    1st Colonial Community Bank's top markets include Philadelphia, New York, Ocean City, Atlantic City, and Trenton among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against 1st Colonial Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 102
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    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
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    Similarity Rank: 652
    The First National Bank of Long Island
    Similarity Rank: 748
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    Similarity Rank: 882
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    Similarity Rank: 1064
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1092
    Poli Mortgage Group, Inc.
    Similarity Rank: 1369

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 832 $289,240,000 $347,644 $4,122 3.13%
    FHA 82 $19,300,000 $235,366 $7,825 2.95%
    VA 10 $2,870,000 $287,000 $10,842 2.73%
    USDA 6 $1,290,000 $215,000 $5,660 2.67%

    For 2021, 1st Colonial Community Bank's most frequently originated type of loan was Conventional, with 832 originations. Their 2nd most popular type was FHA, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 452 $153,320,000 $339,204 $5,428 3.19%
    Refi 278 $89,000,000 $320,144 $3,758 2.93%
    Cash Out Refi 165 $56,465,000 $342,212 $4,153 2.98%
    Home Improvement 26 $11,970,000 $460,385 $4,807 4.20%
    Other 9 $1,945,000 $216,111 $2,766 3.47%

    For 2021, 1st Colonial Community Bank's most frequently cited loan purpose was Home Purchase, with 452 originations. The 2nd most popular reason was Refi, with 278 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 625 $200,525,000 $320,840 $4,994 3.03%
    15 Year 136 $31,590,000 $232,279 $3,280 2.49%
    5 Year 68 $23,540,000 $346,176 $0 4.37%
    20 Year 36 $10,970,000 $304,722 $3,527 2.77%
    1 Year 29 $14,515,000 $500,517 $11,836 4.39%
    10 Year 18 $12,480,000 $693,333 $2,534 3.48%
    Other 18 $19,080,000 $1,060,000 $3,742 3.82%

    For 2021, 1st Colonial Community Bank's most frequently cited loan duration was 30 Year, with 625 originations. The 2nd most popular length was 15 Year, with 136 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 587 $183,515,000 $312,632
    $1k-2k 75 $20,375,000 $271,667
    $2k-3k 33 $10,695,000 $324,091
    $3k-4k 14 $5,570,000 $397,857
    $5k+ 10 $9,270,000 $927,000
    $4k-5k 9 $4,005,000 $445,000

    1st Colonial Community Bank's average total fees were $4,994, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 587 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 377 $114,385,000 $303,408
    3-4% 254 $94,230,000 $370,984
    <2.5% 180 $46,510,000 $258,389
    4-5% 114 $55,780,000 $489,298
    5-6% 5 $1,795,000 $359,000

    During 2021, 1st Colonial Community Bank's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 377 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 391 $109,705,000 $280,575 $4,747 3.00%
    $100k-200k 278 $43,290,000 $155,719 $3,686 3.06%
    $400k-600k 127 $60,805,000 $478,780 $5,397 3.08%
    $100,000 or less 59 $4,185,000 $70,932 $2,165 3.62%
    $600k-1MM 43 $32,165,000 $748,023 $6,649 3.27%
    $1MM+ 32 $62,550,000 $1,954,688 $9,045 3.72%

    2021 saw 1st Colonial Community Bank place emphasis on $200k-400k loans with 391 originations, totaling $109,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 193 $51,835,000 $268,575 $4,368 2.89%
    $150k-250k 164 $56,330,000 $343,476 $4,553 3.01%
    $250k+ 144 $77,800,000 $540,278 $5,388 2.98%
    $50k-75k 143 $27,485,000 $192,203 $4,639 2.91%
    $75k-100k 127 $28,625,000 $225,394 $4,672 2.93%
    $50k or less 47 $6,775,000 $144,149 $4,031 3.04%

    1st Colonial Community Bank lent most frequently to those with incomes in the $100k-150k range, with 193 originations. The second most popular income band? $150k-250k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 184 $57,990,000 $315,163 $4,297 2.88%
    30-36% 152 $42,990,000 $282,829 $4,519 2.97%
    <20% 61 $19,765,000 $324,016 $4,203 2.70%
    42% 40 $13,290,000 $332,250 $4,476 2.91%
    41% 39 $11,335,000 $290,641 $4,737 3.03%
    38% 36 $9,630,000 $267,500 $4,156 3.15%
    37% 32 $13,490,000 $421,563 $4,948 3.06%
    49% 32 $8,800,000 $275,000 $3,759 2.90%
    36% 32 $9,610,000 $300,313 $4,529 2.82%
    40% 31 $9,255,000 $298,548 $5,454 2.93%
    44% 30 $7,880,000 $262,667 $4,553 3.12%
    43% 28 $8,500,000 $303,571 $5,368 3.04%
    45% 28 $6,750,000 $241,071 $4,486 3.06%
    39% 26 $8,100,000 $311,538 $5,744 2.97%
    47% 21 $6,055,000 $288,333 $4,992 2.92%
    48% 18 $4,820,000 $267,778 $4,225 2.92%
    46% 16 $7,980,000 $498,750 $6,910 2.93%
    50-60% 14 $4,230,000 $302,143 $7,759 3.03%
    >60% 1 $215,000 $215,000 $11,138 2.88%

    1st Colonial Community Bank lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 152 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 725 $216,065,000 $298,021 $4,480 2.94%
    Not applicable 101 $60,065,000 $594,703 $0 4.37%
    Not provided 51 $21,005,000 $411,863 $5,639 3.02%
    Asian 22 $8,410,000 $382,273 $4,784 3.04%
    Black 27 $6,415,000 $237,593 $6,838 3.17%
    American Indian 4 $740,000 $185,000 $5,038 2.72%

    Approval Rates

    Total approvals of all applications
    94.98%

    1st Colonial Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.49%

    1st Colonial Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 930 $312,700,000 $336,237

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    930 $312,700,000 $336,237

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $8,695,000 $248,429 $4,093 2.88%
    40-60% 141 $41,915,000 $297,270 $3,457 2.92%
    60-80% 437 $159,415,000 $364,794 $4,167 3.23%
    80-100% 298 $91,860,000 $308,255 $5,602 2.98%
    Over 100% 8 $3,010,000 $376,250 $11,277 3.23%
    Under 20% 10 $7,790,000 $779,000 $683 4.47%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    1st Colonial Community Bank 1040 Haddon Avenue Collingswood, NJ 8108 Full Service B&M $526,554
    1st Colonial Community Bank 321 Broadway Westville, NJ 8093 Full Service B&M $77,891
    1st Colonial Community Bank 440 Linfield Trappe Road Limerick, PA 19468 Full Service B&M $11,238

    For 2021, 1st Colonial Community Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,194
    Net interest income $22,944
    Total noninterest income $9,121
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $92
    Trading account gains and fees $0
    Additional Noninterest Income $9,029
    Pre-tax net operating income $10,911
    Securities gains (or losses, -) $110
    Income before extraordinary items $8,106
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,106
    Minority interest net income $0
    Net income $8,106
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,019

    1st Colonial Community Bank's gross interest income from loans was $25,194,000.
    1st Colonial Community Bank's net interest income from loans was $22,944,000.
    1st Colonial Community Bank's fee based income from loans was $92,000.
    1st Colonial Community Bank's net income from loans was $8,106,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,250
    Provision for credit losses $1,715
    Total noninterest expense $19,439
    Salaries and employee benefits $12,300
    Premises and equipment expense $1,246
    Additional noninterest expense $5,893
    Applicable income taxes $2,915
    Net charge-offs $433
    Cash dividends $4,400

    1st Colonial Community Bank's interest expense for loans was $2,250,000.
    1st Colonial Community Bank's payroll and benefits expense were $12,300,000.
    1st Colonial Community Bank's property, plant and equipment expenses $1,246,000.

    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 3.0%
    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 1.0%
    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 $612,793
    Deposits held in domestic offices $612,793
    Deposits by Individuals, partnerships, and corporations $376,857
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $235,443
    Deposits by Commercial banks and other depository institutions in U.S. $493
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $82,071
    Demand deposits $28,361
    Nontransaction accounts $530,722
    Money market deposit accounts (MMDAs) $42,791
    Other savings deposits (excluding MMDAs) $360,631
    Total time deposits $127,300
    Total time and savings deposits $584,432
    Noninterest-bearing deposits $95,241
    Interest-bearing deposits $517,552
    Retail deposits $572,534
    IRAs and Keogh plan accounts $12,234
    Brokered deposits $4,776
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $682,068
    Cash & Balances due from depository institutions $40,402
    Interest-bearing balances $39,601
    Total securities $111,807
    Federal funds sold & reverse repurchase $24
    Net loans and leases $504,934
    Loan and leases loss allowance $6,906
    Trading account assets $0
    Bank premises and fixed assets $1,072
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $23,829

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $682,068
    Total Liabilities $616,628
    Total deposits $612,793
    Interest-bearing deposits $517,552
    Deposits held in domestic offices $612,793
    % insured (estimated) $49
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,835

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $504,934
    Loan and leases loss allowance $6,906
    Total loans and leases (domestic) $511,840
    All real estate loans $466,579
    Real estate loans in domestic offices $466,579
    Construction and development loans $50,523
    Residential 1-4 family construction $23,547
    Other construction, all land development and other land $26,976
    Loans secured by nonfarm nonresidential properties $105,441
    Nonfarm nonresidential secured by owner-occupied properties $56,060
    Commercial real estate & other non-farm, non-residential $49,381
    Multifamily residential real estate $21,782
    1-4 family residential loans $287,772
    Farmland loans $1,061
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $40,438
    To non-U.S. addressees $0
    Loans to individuals $1,406
    Credit card loans $0
    Related Plans $61
    Consumer Auto Loans $559
    Other loans to individuals $786
    All other loans & leases $3,417
    Loans to foreign governments and official institutions $0
    Other loans $315
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $13,179
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $283
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    1st Colonial Community Bank had $504,934,000 of loans outstanding in 2021. $466,579,000 of loans were in real estate loans. $50,523,000 of loans were in development loans. $21,782,000 of loans were in multifamily mortgage loans. $287,772,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $559,000 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 298 $59,539 $199,795
    Nonfarm, nonresidential loans - <$100k 30 $1,453 $48,433
    Nonfarm, nonresidential loans - $100-250k 136 $17,012 $125,088
    Nonfarm, nonresidential loans - $250k-1MM 132 $41,074 $311,167
    Commercial & Industrial, US addressed loans - <$1MM 360 $30,960 $86,000
    Commercial & Industrial, US addressed loans - <$100k 218 $5,898 $27,055
    Commercial & Industrial, US addressed loans - $100-250k 70 $7,710 $110,143
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $17,352 $241,000
    Farmland loans - <$1MM 2 $270 $135,000
    Farmland loans - <$100k 1 $98 $98,000
    Farmland loans - $100-250k 1 $172 $172,000