First County Bank Mortgage Rates, Fees & Info

Stamford, CT

LEI: 549300HQW3FSOL75WC88

Tax ID: 06-0547190

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
  • Complaints
  • 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

    First County Bank is a smaller bank specializing in Home Purchase and Refi loans. First County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bridgeport, New Haven, Torrington, Hartford, and New York among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First County 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.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 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.

    First County Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First County 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

    387

    Origination Dollar Volume (All Markets)

    $189,335,000

    Employee count

    228

    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
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 355 $178,405,000 $502,549 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 25 $8,705,000 $348,200 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 4 $1,570,000 $392,500 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    First County Bank's top markets include Bridgeport, New Haven, Torrington, Hartford, and New York among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $189,335,000 $489,238 $0 0.00%

    For 2019, First County Bank's most frequently originated type of loan was Conventional, with 387 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 207 $97,525,000 $471,135 $0 0.00%
    Refi 82 $47,020,000 $573,415 $0 0.00%
    Cash Out Refi 78 $37,550,000 $481,410 $0 0.00%
    Home Improvement 11 $4,905,000 $445,909 $0 0.00%
    Other 9 $2,335,000 $259,444 $0 0.00%

    For 2019, First County Bank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 387 $189,335,000 $489,238 $0 0.00%

    For 2019, First County Bank's most frequently cited loan duration was Other, with 387 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 131 $39,785,000 $303,702 $0 0.00%
    $400k-600k 103 $50,415,000 $489,466 $0 0.00%
    $600k-1MM 82 $60,710,000 $740,366 $0 0.00%
    $100k-200k 42 $6,420,000 $152,857 $0 0.00%
    $1MM+ 20 $31,350,000 $1,567,500 $0 0.00%
    $100,000 or less 9 $655,000 $72,778 $0 0.00%

    2019 saw First County Bank place emphasis on $200k-400k loans with 131 originations, totaling $39,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 113 $56,645,000 $501,283 $0 0.00%
    $250k+ 110 $71,960,000 $654,182 $0 0.00%
    $100k-150k 60 $20,940,000 $349,000 $0 0.00%
    $75k-100k 43 $13,575,000 $315,698 $0 0.00%
    $50k-75k 33 $6,545,000 $198,333 $0 0.00%
    $50k or less 9 $835,000 $92,778 $0 0.00%

    First County Bank lent most frequently to those with incomes in the $150k-250k range, with 113 originations. The second most popular income band? $250k+, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 387 $189,335,000 $489,238 $0 0.00%

    First County Bank lent most frequently to those with DTI ratios of Exempt%, with 387 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $135,225,000 $471,167 $0 0.00%
    Not applicable 19 $18,835,000 $991,316 $0 0.00%
    Not provided 30 $15,400,000 $513,333 $0 0.00%
    Asian 33 $14,575,000 $441,667 $0 0.00%
    Black 18 $5,300,000 $294,444 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.80%

    First County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.63%

    First County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 387 $189,335,000 $489,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $14,615,000 $1,124,231
    Single Family (1-4 Units):Site-Built 374 $174,720,000 $467,166

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First County Bank 1006 Post Road Darien, CT 6820 Full Service B&M $86,463
    First County Bank 1042 High Ridge Road Stamford, CT 6905 Full Service B&M $137,919
    First County Bank 1110 Hope Street Stamford, CT 6907 Full Service B&M $95,016
    First County Bank 1135 Post Road East Westport, CT 6880 Full Service B&M $58,232
    First County Bank 117 Prospect Street Stamford, CT 6901 Full Service B&M $138,501
    First County Bank 1312 Post Road Fairfield, CT 6824 Full Service B&M $43,299
    First County Bank 1980 West Main Street Stamford, CT 6902 Full Service B&M $85,822
    First County Bank 275 Hope Street Stamford, CT 6904 Full Service B&M $66,449
    First County Bank 2950 Summer Street Stamford, CT 6905 Full Service B&M $119,246
    First County Bank 411 High Ridge Rd Stamford, CT 6905 Limited, Mobile/Seasonal Office $380
    First County Bank 469 Westport Avenue Norwalk, CT 6851 Full Service B&M $53,400
    First County Bank 48 Atlantic Street Stamford, CT 6901 Full Service B&M $47,326
    First County Bank 59 Mason Street Greenwich, CT 6830 Full Service B&M $89,950
    First County Bank 637 Shippan Avenue Stamford, CT 6902 Full Service B&M $53,823
    First County Bank 660 Main Avenue Norwalk, CT 6851 Full Service B&M $31,807
    First County Bank 700 Connecticut Avenue Norwalk, CT 6854 Full Service B&M $31,263
    First County Bank 95 Park Street New Canaan, CT 6840 Full Service B&M $55,232

    For 2019, First County Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $66,271
    Net interest income $47,170
    Total noninterest income $8,049
    Gross Fiduciary activities income $2,791
    Service charges on deposit accounts $2,411
    Trading account gains and fees $0
    Additional Noninterest Income $2,847
    Pre-tax net operating income $10,003
    Securities gains (or losses, -) $198
    Income before extraordinary items $8,544
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,544
    Minority interest net income $0
    Net income $8,544
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,377

    First County Bank's gross interest income from loans was $66,271,000.
    First County Bank's net interest income from loans was $47,170,000.
    First County Bank's fee based income from loans was $2,411,000.
    First County Bank's net income from loans was $8,544,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,101
    Provision for credit losses $1,000
    Total noninterest expense $44,216
    Salaries and employee benefits $27,657
    Premises and equipment expense $7,372
    Additional noninterest expense $9,187
    Applicable income taxes $1,657
    Net charge-offs $266
    Cash dividends $0

    First County Bank's interest expense for loans was $19,101,000.
    First County Bank's payroll and benefits expense were $27,657,000.
    First County Bank's property, plant and equipment expenses $7,372,000.

    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 1.0%
    HELOC loans 1.0%
    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 $1,171,787
    Deposits held in domestic offices $1,171,787
    Deposits by Individuals, partnerships, and corporations $1,166,762
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,489
    Deposits by Commercial banks and other depository institutions in U.S. $536
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $74,231
    Demand deposits $56,425
    Nontransaction accounts $1,097,556
    Money market deposit accounts (MMDAs) $287,996
    Other savings deposits (excluding MMDAs) $442,097
    Total time deposits $367,463
    Total time and savings deposits $1,115,362
    Noninterest-bearing deposits $253,798
    Interest-bearing deposits $917,989
    Retail deposits $1,019,723
    IRAs and Keogh plan accounts $29,190
    Brokered deposits $70,765
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,755,356
    Cash & Balances due from depository institutions $19,517
    Interest-bearing balances $12,105
    Total securities $247,845
    Federal funds sold & reverse repurchase $496
    Net loans and leases $1,386,594
    Loan and leases loss allowance $10,758
    Trading account assets $0
    Bank premises and fixed assets $14,154
    Other real estate owned $0
    Goodwill and other intangibles $1,157
    All other assets $85,593

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,755,356
    Total Liabilities $1,601,858
    Total deposits $1,171,787
    Interest-bearing deposits $917,989
    Deposits held in domestic offices $1,171,787
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $13,649
    Trading liabilities $0
    Other borrowed funds $380,074
    Subordinated debt $0
    All other liabilities $36,348

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,386,594
    Loan and leases loss allowance $10,758
    Total loans and leases (domestic) $1,397,352
    All real estate loans $1,313,279
    Real estate loans in domestic offices $1,313,279
    Construction and development loans $76,010
    Residential 1-4 family construction $17,304
    Other construction, all land development and other land $58,706
    Loans secured by nonfarm nonresidential properties $290,275
    Nonfarm nonresidential secured by owner-occupied properties $127,135
    Commercial real estate & other non-farm, non-residential $163,140
    Multifamily residential real estate $31,414
    1-4 family residential loans $915,580
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $67,064
    To non-U.S. addressees $0
    Loans to individuals $16,793
    Credit card loans $0
    Related Plans $2,986
    Consumer Auto Loans $13,466
    Other loans to individuals $341
    All other loans & leases $216
    Loans to foreign governments and official institutions $0
    Other loans $216
    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 $12,614
    Non 1-4 family restructured loans & leases $6,048
    Total loans and leases (foreign) $0

    First County Bank had $1,386,594,000 of loans outstanding in 2019. $1,313,279,000 of loans were in real estate loans. $76,010,000 of loans were in development loans. $31,414,000 of loans were in multifamily mortgage loans. $915,580,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $13,466,000 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 179 $66,888 $373,676
    Nonfarm, nonresidential loans - <$100k 27 $1,588 $58,815
    Nonfarm, nonresidential loans - $100-250k 41 $6,749 $164,610
    Nonfarm, nonresidential loans - $250k-1MM 111 $58,551 $527,486
    Commercial & Industrial, US addressed loans - <$1MM 319 $51,018 $159,931
    Commercial & Industrial, US addressed loans - <$100k 160 $7,781 $48,631
    Commercial & Industrial, US addressed loans - $100-250k 73 $10,448 $143,123
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $32,789 $381,267