First Community Bank Mortgage Rates, Fees & Info
Corpus Christi, TX
LEI: 549300L4Z4LTG4TJTM66
Tax ID: 76-0024722
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Mortgage Data
Bank Data
Overview
First Community Bank is a
smaller
bank
specializing in
Home Purchase
loans.
First 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 include Corpus Christi, Victoria, Rockport, Kingsville, and Alice among others. First Community Bank has
an above average
approval rate for mortages when compared nationally.
They have
an average
pick rate when compared to the same sample of other lendors.
Originations
444
Origination Dollar Volume (All Markets)
$113,200,000
Employee count
165
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
CORPUS CHRISTI, TX (FHA|USDA|VA)
|
199
|
$58,225,000 |
$292,588 |
$0 |
0.00% |
|
VICTORIA, TX (FHA|USDA|VA)
|
121
|
$25,715,000 |
$212,521 |
$0 |
0.00% |
|
Rockport, TX (FHA|USDA|VA)
|
17
|
$9,625,000 |
$566,176 |
$0 |
0.00% |
|
Kingsville, TX (FHA|USDA|VA)
|
46
|
$8,200,000 |
$178,261 |
$0 |
0.00% |
|
Alice, TX (FHA|USDA|VA)
|
25
|
$3,505,000 |
$140,200 |
$0 |
0.00% |
|
Outside of Metro Areas
|
14 |
$2,520,000 |
$180,000 |
$0 |
0.00% |
|
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
5
|
$1,275,000 |
$255,000 |
$0 |
0.00% |
|
Port Lavaca, TX (FHA|USDA|VA)
|
5
|
$915,000 |
$183,000 |
$0 |
0.00% |
|
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
2
|
$680,000 |
$340,000 |
$0 |
0.00% |
|
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$0 |
0.00% |
|
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)
|
2
|
$470,000 |
$235,000 |
$0 |
0.00% |
|
Kerrville, TX (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$0 |
0.00% |
|
Bay City, TX (FHA|USDA|VA)
|
2
|
$310,000 |
$155,000 |
$0 |
0.00% |
|
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$0 |
0.00% |
|
KNOXVILLE, TN (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$0 |
0.00% |
|
Beeville, TX (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$0 |
0.00% |
First Community Bank's top markets include Corpus Christi, Victoria, Rockport, Kingsville, and Alice among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
344 |
$90,880,000 |
$264,186 |
$0 |
0.00% |
| FHA |
74 |
$15,140,000 |
$204,595 |
$0 |
0.00% |
| VA |
24 |
$6,820,000 |
$284,167 |
$0 |
0.00% |
| USDA |
2 |
$360,000 |
$180,000 |
$0 |
0.00% |
For the 2021 period, First Community Bank's most frequently
originated loan type
of loans were Conventional, with 344 originations.
Their 2nd most popular type is FHA,
with 74 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
349 |
$95,205,000 |
$272,794 |
$0 |
0.00% |
| Refi |
66 |
$13,140,000 |
$199,091 |
$0 |
0.00% |
| Home Improvement |
15 |
$1,465,000 |
$97,667 |
$0 |
0.00% |
| Cash Out Refi |
14 |
$3,390,000 |
$242,143 |
$0 |
0.00% |
For the 2021, First Community Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 349
originations.
The 2nd most popular reason of loans were Refi,
with 66 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
444 |
$113,200,000 |
$254,955 |
$0 |
0.00% |
For the 2021, First Community Bank's most frequently cited loan
length
of loans were Other, with 444 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
188 |
$27,140,000 |
$144,362 |
$0 |
0.00% |
| $200k-400k |
169 |
$44,335,000 |
$262,337 |
$0 |
0.00% |
| $100,000 or less |
63 |
$4,435,000 |
$70,397 |
$0 |
0.00% |
| $400k-600k |
18 |
$8,390,000 |
$466,111 |
$0 |
0.00% |
| $1MM+ |
5 |
$28,165,000 |
$5,633,000 |
$0 |
0.00% |
| $600k-1MM |
1 |
$735,000 |
$735,000 |
$0 |
0.00% |
2021 saw First Community Bank place emphasis on
$100k-200k loans
with 188 originations, totaling
$27,140,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
94 |
$21,300,000 |
$226,596 |
$0 |
0.00% |
| $75k-100k |
75 |
$14,445,000 |
$192,600 |
$0 |
0.00% |
| $50k-75k |
70 |
$13,090,000 |
$187,000 |
$0 |
0.00% |
| $150k-250k |
65 |
$13,945,000 |
$214,538 |
$0 |
0.00% |
| $50k or less |
43 |
$5,775,000 |
$134,302 |
$0 |
0.00% |
| $250k+ |
10 |
$2,980,000 |
$298,000 |
$0 |
0.00% |
First Community Bank lent most frequently to those with incomes in the
$100k-150k range, with
94 originations.
The second most popular income band? $75k-100k,
with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
444 |
$113,200,000 |
$254,955 |
$0 |
0.00% |
First Community Bank lent most frequently to those with DTI ratios
of Exempt%, with
444 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
334 |
$67,980,000 |
$203,533 |
$0 |
0.00% |
| Not applicable |
81 |
$40,885,000 |
$504,753 |
$0 |
0.00% |
| Not provided |
18 |
$2,810,000 |
$156,111 |
$0 |
0.00% |
| Black |
6 |
$1,000,000 |
$166,667 |
$0 |
0.00% |
| Asian |
3 |
$325,000 |
$108,333 |
$0 |
0.00% |
| American Indian |
2 |
$200,000 |
$100,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
98.36%
First Community Bank 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
91.23%
First Community Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
444 |
$113,200,000 |
$254,955 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
444 |
$113,200,000 |
$254,955 |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST COMMUNITY MORTGAGE, INC. |
Conventional home mortgage |
Trouble during payment process |
4 |
66.7% |
| FIRST COMMUNITY MORTGAGE, INC. |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
16.7% |
| FIRST COMMUNITY MORTGAGE, INC. |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
16.7% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First Community Bank |
1001 Wildcat Drive Portland, TX 78374 |
Limited, Mobile/Seasonal Office
|
$0 |
| First Community Bank |
1600 East Main Street Alice, TX 78332 |
Full Service B&M
|
$100,838 |
| First Community Bank |
1629 Highway 35 North Rockport, TX 78382 |
Full Service B&M
|
$24,332 |
| First Community Bank |
2525 Brahma Boulevard Kingsville, TX 78363 |
Full Service B&M
|
$53,345 |
| First Community Bank |
416 North Water Street Corpus Christi, TX 78401 |
Limited, Mobile/Seasonal Office
|
$0 |
| First Community Bank |
416 North Water Street Corpus Christi, TX 78401 |
Full Service B&M
|
$63,130 |
| First Community Bank |
4201 S. Alameda Corpus Christi, TX 78412 |
Full Service B&M
|
$18,716 |
| First Community Bank |
500 N Water St Corpus Christi, TX 78401 |
Full Service B&M
|
$26,022 |
| First Community Bank |
5406 Everhart Road Corpus Christi, TX 78411 |
Full Service B&M
|
$123,436 |
| First Community Bank |
6252 N. Navarro St. Victoria, TX 77904 |
Full Service B&M
|
$13,797 |
| First Community Bank |
1001 Wildcat Drive Portland, TX 78374 |
Full Service B&M
|
$52,075 |
| First Community Bank |
120 S. Agnes Street Premont, TX 78375 |
Full Service B&M
|
$24,644 |
| First Community Bank |
14254 South Padre Island Drive Corpus Christi, TX 78418 |
Full Service B&M
|
$9,757 |
For 2021, First Community Bank had 13 branches.
Yearly Performance Overview
Bank Income
First Community Bank's gross interest income from loans was $26,852,000.
First Community Bank's net interest income from loans was $25,903,000.
First Community Bank's fee based income from loans was $1,360,000.
First Community Bank's net income from loans was $8,042,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$949 |
| Provision for credit losses |
$1,500 |
| Total noninterest expense |
$21,569 |
| Salaries and employee benefits |
$11,932 |
| Premises and equipment expense |
$3,254 |
| Additional noninterest expense |
$6,383 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$204 |
| Cash dividends |
$4,100 |
First Community Bank's interest expense for loans was $949,000.
First Community Bank's payroll and benefits expense were $11,932,000.
First Community Bank's property, plant and equipment expenses $3,254,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$542,455 |
| Deposits held in domestic offices |
$542,455 |
| Deposits by Individuals, partnerships, and corporations |
$534,948 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$7,056 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$451 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$342,686 |
| Demand deposits |
$325,201 |
| Nontransaction accounts |
$199,769 |
| Money market deposit accounts (MMDAs) |
$95,728 |
| Other savings deposits (excluding MMDAs) |
$36,185 |
| Total time deposits |
$67,856 |
| Total time and savings deposits |
$217,254 |
| Noninterest-bearing deposits |
$312,178 |
| Interest-bearing deposits |
$230,277 |
| Retail deposits |
$515,648 |
| IRAs and Keogh plan accounts |
$3,397 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$605,198 |
| Cash & Balances due from depository institutions |
$80,864 |
| Interest-bearing balances |
$69,705 |
| Total securities |
$101,394 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$397,078 |
| Loan and leases loss allowance |
$6,867 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$19,226 |
| Other real estate owned |
$1,759 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$4,877 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$605,198 |
| Total Liabilities |
$543,487 |
| Total deposits |
$542,455 |
| Interest-bearing deposits |
$230,277 |
| Deposits held in domestic offices |
$542,455 |
| % insured (estimated) |
$62 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,032 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$397,078 |
| Loan and leases loss allowance |
$6,867 |
| Total loans and leases (domestic) |
$403,945 |
| All real estate loans |
$321,726 |
| Real estate loans in domestic offices |
$321,726 |
| Construction and development loans |
$127,876 |
| Residential 1-4 family construction |
$33,203 |
| Other construction, all land development and other land |
$94,673 |
| Loans secured by nonfarm nonresidential properties |
$96,553 |
| Nonfarm nonresidential secured by owner-occupied properties |
$38,591 |
| Commercial real estate & other non-farm, non-residential |
$57,962 |
| Multifamily residential real estate |
$4,779 |
| 1-4 family residential loans |
$85,229 |
| Farmland loans |
$7,289 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$2,986 |
| Commercial and industrial loans |
$66,089 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$8,540 |
| Credit card loans |
$231 |
| Related Plans |
$6 |
| Consumer Auto Loans |
$1,897 |
| Other loans to individuals |
$6,406 |
| All other loans & leases |
$4,604 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$4,604 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$270 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$53 |
| Non 1-4 family restructured loans & leases |
$53 |
| Total loans and leases (foreign) |
$0 |
First Community Bank had $397,078,000 of loans outstanding in 2021. $321,726,000 of loans were in real estate loans.
$127,876,000 of loans were in development loans. $4,779,000 of loans were in multifamily mortgage loans.
$85,229,000 of loans were in 1-4 family mortgage loans. $2,986,000 of loans were in farm loans. $231,000
of loans were in credit card loans. $1,897,000 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 |
258 |
$45,047 |
$174,601 |
| Nonfarm, nonresidential loans - <$100k |
68 |
$3,434 |
$50,500 |
| Nonfarm, nonresidential loans - $100-250k |
98 |
$12,265 |
$125,153 |
| Nonfarm, nonresidential loans - $250k-1MM |
92 |
$29,348 |
$319,000 |
| Commercial & Industrial, US addressed loans - <$1MM |
615 |
$37,258 |
$60,582 |
| Commercial & Industrial, US addressed loans - <$100k |
477 |
$10,672 |
$22,373 |
| Commercial & Industrial, US addressed loans - $100-250k |
70 |
$8,323 |
$118,900 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
68 |
$18,263 |
$268,574 |
| Farmland loans - <$1MM |
52 |
$4,009 |
$77,096 |
| Farmland loans - <$100k |
30 |
$1,221 |
$40,700 |
| Farmland loans - $100-250k |
18 |
$2,190 |
$121,667 |
| Farmland loans - $250k-1MM |
4 |
$598 |
$149,500 |
| Agriculture operations loans - <$1MM |
50 |
$1,136 |
$22,720 |
| Agriculture operations loans - <$100k |
45 |
$812 |
$18,044 |
| Agriculture operations loans - $100-250k |
4 |
$214 |
$53,500 |
| Agriculture operations loans - $250k-1MM |
1 |
$110 |
$110,000 |
