Banc Of California Mortgage Rates, Fees & Info

Santa Ana, CA

LEI: 549300IBHVRZNE4YFN80

Tax ID: 95-6047013

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Banc Of California is a smaller mortgage company specializing in Cash Out Refi loans. Banc Of California has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Sacramento, Tucson, San Diego, and Riverside among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Banc Of California 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. Banc Of California 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    49

    Origination Dollar Volume (All Markets)

    $146,795,000

    Employee count

    614

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 32 $100,470,000 $3,139,688 $6,504 4.04%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $17,115,000 $5,705,000 $0 3.60%
    TUCSON, AZ (FHA|USDA|VA) 1 $6,935,000 $6,935,000 $0 4.10%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $6,445,000 $2,148,333 $0 4.12%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $4,740,000 $1,185,000 $4,088 4.32%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $4,530,000 $2,265,000 $0 4.15%
    VALLEJO, CA (FHA|USDA|VA) 2 $3,840,000 $1,920,000 $0 3.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 4.50%
    CHICO, CA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $0 3.80%
    Banc Of California's top markets include Los Angeles, Sacramento, Tucson, San Diego, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

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

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    People's Community Federal Credit Union
    Similarity Rank: 434
    N C P D Federal Credit Union
    Similarity Rank: 482
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $146,795,000 $2,995,816 $5,699 4.04%

    For 2020, Banc Of California's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 27 $94,295,000 $3,492,407 $6,727 3.94%
    Refi 12 $23,850,000 $1,987,500 $5,185 4.14%
    Home Purchase 10 $28,650,000 $2,865,000 $0 4.17%

    For 2020, Banc Of California's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 33 $106,195,000 $3,218,030 $0 3.96%
    15 Year 11 $21,615,000 $1,965,000 $0 4.25%
    30 Year 3 $5,415,000 $1,805,000 $5,699 4.38%
    Other 2 $13,570,000 $6,785,000 $0 3.67%

    For 2020, Banc Of California's most frequently cited loan duration was 10 Year, with 33 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $5,415,000 $1,805,000

    Banc Of California's average total fees were $5,699, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 24 $98,000,000 $4,083,333
    4-5% 24 $47,140,000 $1,964,167
    5-6% 1 $1,655,000 $1,655,000

    During 2020, Banc Of California's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 3-4%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 46 $144,550,000 $3,142,391 $5,699 4.02%
    $600k-1MM 3 $2,245,000 $748,333 $0 4.25%

    2020 saw Banc Of California place emphasis on $1MM+ loans with 46 originations, totaling $144,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3 $5,415,000 $1,805,000 $5,699 4.38%

    Banc Of California lent most frequently to those with incomes in the $250k+ range, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 1 $1,005,000 $1,005,000 $4,088 4.88%
    50-60% 1 $2,245,000 $2,245,000 $6,282 4.38%
    >60% 1 $2,165,000 $2,165,000 $6,727 3.88%

    Banc Of California lent most frequently to those with DTI ratios of 49%, with 1 originations. The next most common DTI ratio? 50-60%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $102,530,000 $2,698,158 $0 4.06%
    Not provided 7 $33,925,000 $4,846,429 $4,088 3.91%
    White 3 $5,535,000 $1,845,000 $6,504 4.12%
    Asian 1 $4,805,000 $4,805,000 $0 3.85%

    Approval Rates

    Total approvals of all applications
    98.60%

    Banc Of California has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    79.59%

    Banc Of California has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 49 $146,795,000 $2,995,816

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 46 $141,380,000 $3,073,478
    Single Family (1-4 Units):Site-Built 3 $5,415,000 $1,805,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $3,170,000 $1,585,000 $0 4.33%
    40-60% 15 $48,425,000 $3,228,333 $0 4.00%
    60-80% 30 $93,170,000 $3,105,667 $6,504 4.00%
    Under 20% 2 $2,030,000 $1,015,000 $4,088 4.61%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Banc of California, National Association 1 World Trade Center, Suite 125 Long Beach, CA 90802 Full Service B&M $33,223
    Banc of California, National Association 100 Laguna Road, Suite 100 Fullerton, CA 92835 Full Service B&M $84,112
    Banc of California, National Association 11101 La Reina Avenue Downey, CA 90241 Full Service B&M $60,770
    Banc of California, National Association 1201 West Imperial Highway La Habra, CA 90631 Full Service B&M $96,338
    Banc of California, National Association 125 E. Anaheim Street, Suite A Wilmington, CA 90744 Full Service B&M $62,783
    Banc of California, National Association 13031 Newport Avenue, Suite 115 Tustin, CA 92780 Full Service B&M $69,180
    Banc of California, National Association 14362 Ventura Blvd Sherman Oaks, CA 91423 Full Service B&M $45,689
    Banc of California, National Association 15777 Imperial Hwy La Mirada, CA 90638 Full Service B&M $64,210
    Banc of California, National Association 15954 Paramount Boulevard Paramount, CA 90723 Full Service B&M $58,356
    Banc of California, National Association 1642 West San Marcos Boulevard San Marcos, CA 92078 Full Service B&M $74,131
    Banc of California, National Association 16840 Bernardo Center Drive San Diego, CA 92128 Full Service B&M $114,126
    Banc of California, National Association 16975 Avenida De Acacias, Suite 8 Rancho Santa Fe, CA 92067 Full Service B&M $38,897
    Banc of California, National Association 18 West Canon Perdido Street Santa Barbara, CA 93101 Full Service B&M $50,957
    Banc of California, National Association 1880 Century Park East, Suite 104 Los Angeles, CA 90067 Full Service B&M $1,101,381
    Banc of California, National Association 2001 N Sepulveda Blvd, Ste D Manhattan Beach, CA 90266 Full Service B&M $55,092
    Banc of California, National Association 2133 West Beverly Boulevard Montebello, CA 90640 Full Service B&M $51,348
    Banc of California, National Association 21700 Oxnard Street, Suite 150 Woodland Hills, CA 91367 Full Service B&M $21,166
    Banc of California, National Association 220 S State College Blvd Brea, CA 92821 Full Service B&M $71,727
    Banc of California, National Association 24033 El Toro Road Suite 130 Laguna Hills, CA 92653 Full Service B&M $75,428
    Banc of California, National Association 2528 San Vicente Boulevard Santa Monica, CA 90402 Full Service B&M $27,422
    Banc of California, National Association 2635 Wilshire Blvd Santa Monica, CA 90403 Full Service B&M $63,108
    Banc of California, National Association 3 Macarthur Place Santa Ana, CA 92707 Full Service B&M $2,952,319
    Banc of California, National Association 3160 Colima Road Hacienda Heights, CA 91745 Full Service B&M $125,320
    Banc of California, National Association 401 E Whittier Blvd La Habra, CA 90631 Full Service B&M $90,341
    Banc of California, National Association 4774 Park Granada, Suite 2 Calabasas, CA 91302 Full Service B&M $17,599
    Banc of California, National Association 500 Newport Center Drive, Ste 125 Newport Beach, CA 92660 Full Service B&M $69,436
    Banc of California, National Association 530 Palisades Dr Pacific Palisades, CA 90272 Full Service B&M $41,600
    Banc of California, National Association 600 South Lake Avenue, Suite 100 Pasadena, CA 91106 Full Service B&M $100,102
    Banc of California, National Association 7355 Greenleaf Avenue Whittier, CA 90602 Full Service B&M $173,148
    Banc of California, National Association 7877 Ivanhoe Avenue La Jolla, CA 92037 Full Service B&M $101,202
    Banc of California, National Association 800 Wilshire Boulevard, Suite 100 Los Angeles, CA 90017 Full Service B&M $23,018
    Banc of California, National Association 870 North Rose Drive Placentia, CA 92870 Full Service B&M $85,047

    For 2020, Banc Of California had 32 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $290,396
    Net interest income $234,525
    Total noninterest income $13,223
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,068
    Trading account gains and fees $0
    Additional Noninterest Income $12,155
    Pre-tax net operating income $26,060
    Securities gains (or losses, -) $2,011
    Income before extraordinary items $20,473
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $20,473
    Minority interest net income $0
    Net income $20,473
    Sale, conversion, retirement of capital stock, net $3,361
    Net operating income $18,884

    Banc Of California's gross interest income from loans was $290,396,000.
    Banc Of California's net interest income from loans was $234,525,000.
    Banc Of California's fee based income from loans was $1,068,000.
    Banc Of California's net income from loans was $20,473,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $55,871
    Provision for credit losses $29,374
    Total noninterest expense $192,314
    Salaries and employee benefits $93,417
    Premises and equipment expense $19,196
    Additional noninterest expense $79,701
    Applicable income taxes $7,598
    Net charge-offs $13,602
    Cash dividends $37,000

    Banc Of California's interest expense for loans was $55,871,000.
    Banc Of California's payroll and benefits expense were $93,417,000.
    Banc Of California's property, plant and equipment expenses $19,196,000.

    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 6.0%
    All other family 1.0%
    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 $6,223,870
    Deposits held in domestic offices $6,223,870
    Deposits by Individuals, partnerships, and corporations $5,019,644
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $472,018
    Deposits by Commercial banks and other depository institutions in U.S. $732,207
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,576,167
    Demand deposits $1,576,167
    Nontransaction accounts $4,647,702
    Money market deposit accounts (MMDAs) $2,943,391
    Other savings deposits (excluding MMDAs) $932,363
    Total time deposits $771,949
    Total time and savings deposits $4,647,702
    Noninterest-bearing deposits $1,697,319
    Interest-bearing deposits $4,526,551
    Retail deposits $5,742,283
    IRAs and Keogh plan accounts $59,125
    Brokered deposits $26,223
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,867,910
    Cash & Balances due from depository institutions $220,818
    Interest-bearing balances $173,203
    Total securities $1,231,431
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,818,788
    Loan and leases loss allowance $81,030
    Trading account assets $0
    Bank premises and fixed assets $132,774
    Other real estate owned $0
    Goodwill and other intangibles $41,231
    All other assets $422,868

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,867,910
    Total Liabilities $6,871,332
    Total deposits $6,223,870
    Interest-bearing deposits $4,526,551
    Deposits held in domestic offices $6,223,870
    % insured (estimated) $40
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $539,879
    Subordinated debt $0
    All other liabilities $107,583

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,818,788
    Loan and leases loss allowance $81,030
    Total loans and leases (domestic) $5,899,818
    All real estate loans $3,951,359
    Real estate loans in domestic offices $3,951,359
    Construction and development loans $176,015
    Residential 1-4 family construction $124,034
    Other construction, all land development and other land $51,981
    Loans secured by nonfarm nonresidential properties $1,202,961
    Nonfarm nonresidential secured by owner-occupied properties $428,593
    Commercial real estate & other non-farm, non-residential $774,368
    Multifamily residential real estate $1,287,050
    1-4 family residential loans $1,285,333
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $603,752
    To non-U.S. addressees $0
    Loans to individuals $4,698
    Credit card loans $0
    Related Plans $4,388
    Consumer Auto Loans $0
    Other loans to individuals $310
    All other loans & leases $1,340,009
    Loans to foreign governments and official institutions $0
    Other loans $1,340,009
    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 $4,656
    Non 1-4 family restructured loans & leases $355
    Total loans and leases (foreign) $0

    Banc of California had $5,818,788,000 of loans outstanding in 2020. $3,951,359,000 of loans were in real estate loans. $176,015,000 of loans were in development loans. $1,287,050,000 of loans were in multifamily mortgage loans. $1,285,333,000 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 158 $56,080 $354,937
    Nonfarm, nonresidential loans - $100-250k 17 $2,040 $120,000
    Nonfarm, nonresidential loans - $250k-1MM 141 $54,040 $383,262
    Commercial & Industrial, US addressed loans - <$1MM 1,267 $162,222 $128,036
    Commercial & Industrial, US addressed loans - <$100k 710 $21,656 $30,501
    Commercial & Industrial, US addressed loans - $100-250k 264 $36,636 $138,773
    Commercial & Industrial, US addressed loans - $250k-1MM 293 $103,930 $354,710