First County Bank Mortgage Rates, Fees & Info

Stamford, CT

LEI: 549300HQW3FSOL75WC88

Tax ID: 06-0547190

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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, Refi, and Cash Out Refi loans. First County Bank has a high proportion of conventional loans. First County Bank has a low ratio of conventional loans. Their top markets by origination volume include: Bridgeport, New Haven, Hartford, New York, and Torrington 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 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.

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    Originations

    356

    Origination Dollar Volume (All Markets)

    $179,440,000

    Employee count

    221

    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) 322 $163,190,000 $506,801 $0 3.90%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 27 $12,545,000 $464,630 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $2,065,000 $413,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $925,000 $925,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
    First County Bank's top markets include Bridgeport, New Haven, Hartford, New York, and Torrington 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 355 $173,935,000 $489,958 $0 0.00%
    Conventional 1 $5,505,000 $5,505,000 $0 3.90%

    For 2020, First County Bank's most frequently originated type of loan was Conventional, with 355 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $72,795,000 $523,705 $0 0.00%
    Refi 128 $62,390,000 $487,422 $0 3.90%
    Cash Out Refi 87 $43,675,000 $502,011 $0 0.00%
    Home Improvement 2 $580,000 $290,000 $0 0.00%

    For 2020, First County Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 356 $179,440,000 $504,045 $0 3.90%

    For 2020, First County Bank's most frequently cited loan duration was Other, with 356 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1 $5,505,000 $5,505,000

    During 2020, First County Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 137 $40,985,000 $299,161 $0 0.00%
    $400k-600k 88 $43,270,000 $491,705 $0 0.00%
    $600k-1MM 74 $55,570,000 $750,946 $0 0.00%
    $100k-200k 33 $5,465,000 $165,606 $0 0.00%
    $1MM+ 20 $33,890,000 $1,694,500 $0 3.90%
    $100,000 or less 4 $260,000 $65,000 $0 0.00%

    2020 saw First County Bank place emphasis on $200k-400k loans with 137 originations, totaling $40,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 112 $52,660,000 $470,179 $0 0.00%
    $250k+ 92 $64,870,000 $705,109 $0 0.00%
    $100k-150k 75 $27,975,000 $373,000 $0 0.00%
    $50k-75k 34 $7,310,000 $215,000 $0 0.00%
    $75k-100k 27 $7,815,000 $289,444 $0 0.00%
    $50k or less 4 $730,000 $182,500 $0 0.00%

    First County Bank lent most frequently to those with incomes in the $150k-250k range, with 112 originations. The second most popular income band? $250k+, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 355 $173,935,000 $489,958 $0 0.00%

    First County Bank lent most frequently to those with DTI ratios of Exempt%, with 355 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $133,375,000 $464,721 $0 0.00%
    Not applicable 12 $18,080,000 $1,506,667 $0 3.90%
    Not provided 29 $16,235,000 $559,828 $0 0.00%
    Asian 23 $10,115,000 $439,783 $0 0.00%
    Asian Indian 1 $975,000 $975,000 $0 0.00%
    Black 4 $660,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.98%

    First County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.30%

    First County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 355 $173,935,000 $489,958
    NA 1 $5,505,000 $5,505,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $17,955,000 $1,632,273
    Single Family (1-4 Units):Site-Built 345 $161,485,000 $468,072

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First County Bank 1042 High Ridge Road Stamford, CT 6905 Full Service B&M $156,803
    First County Bank 1110 Hope Street Stamford, CT 6907 Full Service B&M $112,300
    First County Bank 1006 Post Road Darien, CT 6820 Full Service B&M $96,099
    First County Bank 1135 Post Road East Westport, CT 6880 Full Service B&M $67,895
    First County Bank 117 Prospect Street Stamford, CT 6901 Full Service B&M $167,304
    First County Bank 1312 Post Road Fairfield, CT 6824 Full Service B&M $57,156
    First County Bank 1980 West Main Street Stamford, CT 6902 Full Service B&M $90,907
    First County Bank 275 Hope Street Stamford, CT 6904 Full Service B&M $83,492
    First County Bank 2950 Summer Street Stamford, CT 6905 Full Service B&M $134,273
    First County Bank 411 High Ridge Rd Stamford, CT 6905 Limited, Mobile/Seasonal Office $409
    First County Bank 469 Westport Avenue Norwalk, CT 6851 Full Service B&M $67,696
    First County Bank 48 Atlantic Street Stamford, CT 6901 Full Service B&M $51,553
    First County Bank 59 Mason Street Greenwich, CT 6830 Full Service B&M $102,093
    First County Bank 637 Shippan Avenue Stamford, CT 6902 Full Service B&M $74,432
    First County Bank 660 Main Avenue Norwalk, CT 6851 Full Service B&M $40,532
    First County Bank 700 Connecticut Avenue Norwalk, CT 6854 Full Service B&M $38,610
    First County Bank 95 Park Street New Canaan, CT 6840 Full Service B&M $76,503

    For 2020, First County Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,572
    Net interest income $49,294
    Total noninterest income $8,269
    Gross Fiduciary activities income $2,806
    Service charges on deposit accounts $1,393
    Trading account gains and fees $0
    Additional Noninterest Income $4,070
    Pre-tax net operating income $9,135
    Securities gains (or losses, -) $-109
    Income before extraordinary items $8,420
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,420
    Minority interest net income $0
    Net income $8,420
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,521

    First County Bank's gross interest income from loans was $64,572,000.
    First County Bank's net interest income from loans was $49,294,000.
    First County Bank's fee based income from loans was $1,393,000.
    First County Bank's net income from loans was $8,420,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,278
    Provision for credit losses $4,288
    Total noninterest expense $44,140
    Salaries and employee benefits $27,668
    Premises and equipment expense $7,065
    Additional noninterest expense $9,407
    Applicable income taxes $606
    Net charge-offs $610
    Cash dividends $0

    First County Bank's interest expense for loans was $15,278,000.
    First County Bank's payroll and benefits expense were $27,668,000.
    First County Bank's property, plant and equipment expenses $7,065,000.

    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 15.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,548,273
    Deposits held in domestic offices $1,548,273
    Deposits by Individuals, partnerships, and corporations $1,543,977
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $3,377
    Deposits by Commercial banks and other depository institutions in U.S. $918
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $111,489
    Demand deposits $74,685
    Nontransaction accounts $1,436,784
    Money market deposit accounts (MMDAs) $364,069
    Other savings deposits (excluding MMDAs) $619,057
    Total time deposits $453,658
    Total time and savings deposits $1,473,588
    Noninterest-bearing deposits $394,004
    Interest-bearing deposits $1,154,269
    Retail deposits $1,351,050
    IRAs and Keogh plan accounts $44,124
    Brokered deposits $88,817
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,967,409
    Cash & Balances due from depository institutions $247,444
    Interest-bearing balances $239,858
    Total securities $230,909
    Federal funds sold & reverse repurchase $705
    Net loans and leases $1,382,614
    Loan and leases loss allowance $14,436
    Trading account assets $0
    Bank premises and fixed assets $13,005
    Other real estate owned $0
    Goodwill and other intangibles $830
    All other assets $91,902

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,967,409
    Total Liabilities $1,806,214
    Total deposits $1,548,273
    Interest-bearing deposits $1,154,269
    Deposits held in domestic offices $1,548,273
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $1,687
    Trading liabilities $0
    Other borrowed funds $217,228
    Subordinated debt $0
    All other liabilities $39,026

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,382,614
    Loan and leases loss allowance $14,436
    Total loans and leases (domestic) $1,397,050
    All real estate loans $1,235,494
    Real estate loans in domestic offices $1,235,494
    Construction and development loans $57,243
    Residential 1-4 family construction $16,888
    Other construction, all land development and other land $40,355
    Loans secured by nonfarm nonresidential properties $319,940
    Nonfarm nonresidential secured by owner-occupied properties $134,458
    Commercial real estate & other non-farm, non-residential $185,482
    Multifamily residential real estate $27,532
    1-4 family residential loans $830,779
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $144,001
    To non-U.S. addressees $0
    Loans to individuals $17,483
    Credit card loans $0
    Related Plans $4,110
    Consumer Auto Loans $13,096
    Other loans to individuals $277
    All other loans & leases $71
    Loans to foreign governments and official institutions $0
    Other loans $71
    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 $11,947
    Non 1-4 family restructured loans & leases $5,669
    Total loans and leases (foreign) $0

    First County Bank had $1,382,614,000 of loans outstanding in 2020. $1,235,494,000 of loans were in real estate loans. $57,243,000 of loans were in development loans. $27,532,000 of loans were in multifamily mortgage loans. $830,779,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $13,096,000 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 186 $70,106 $376,914
    Nonfarm, nonresidential loans - <$100k 27 $1,555 $57,593
    Nonfarm, nonresidential loans - $100-250k 44 $7,463 $169,614
    Nonfarm, nonresidential loans - $250k-1MM 115 $61,088 $531,200
    Commercial & Industrial, US addressed loans - <$1MM 1,196 $117,832 $98,522
    Commercial & Industrial, US addressed loans - <$100k 863 $27,110 $31,414
    Commercial & Industrial, US addressed loans - $100-250k 187 $29,150 $155,882
    Commercial & Industrial, US addressed loans - $250k-1MM 146 $61,572 $421,726