First Federal Community Bank Of Bucyrus Mortgage Rates, Fees & Info

Bucyrus, OH

LEI: 549300M2TE26IJQD4W66

Tax ID: 34-4197125

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Mortgage Data

Bank Data

Review & Overview

First Federal Community Bank Of Bucyrus is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. First Federal Community Bank Of Bucyrus has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Bucyrus, Mansfield, Bellefontaine, and Urbana among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Community Bank Of Bucyrus has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

265

Origination Dollar Volume (All Markets)

$37,695,000

Employee count

70

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
COLUMBUS, OH (FHA|USDA|VA) 102 $19,690,000 $193,039 $0 0.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 94 $8,610,000 $91,596 $0 0.00%
MANSFIELD, OH (FHA|USDA|VA) 8 $1,830,000 $228,750 $0 0.00%
Bellefontaine, OH (FHA|USDA|VA) 8 $1,290,000 $161,250 $0 0.00%
Urbana, OH (FHA|USDA|VA) 8 $1,220,000 $152,500 $0 0.00%
Outside of Metro Areas 12 $1,150,000 $95,833 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $875,000 $291,667 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 12 $790,000 $65,833 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Washington Court House, OH (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
Marion, OH (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Chillicothe, OH (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
Fremont, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
AKRON, OH (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 3 $85,000 $28,333 $0 0.00%
First Federal Community Bank Of Bucyrus's top markets include Columbus, Bucyrus, Mansfield, Bellefontaine, and Urbana among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $37,695,000 $142,245 $0 0.00%

    For 2019, First Federal Community Bank Of Bucyrus's most frequently originated type of loan was Conventional, with 265 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $18,285,000 $156,282 $0 0.00%
    Cash Out Refi 88 $8,590,000 $97,614 $0 0.00%
    Refi 51 $10,305,000 $202,059 $0 0.00%
    Home Improvement 5 $225,000 $45,000 $0 0.00%
    Other 4 $290,000 $72,500 $0 0.00%

    For 2019, First Federal Community Bank Of Bucyrus's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 265 $37,695,000 $142,245 $0 0.00%

    For 2019, First Federal Community Bank Of Bucyrus's most frequently cited loan duration was Other, with 265 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 123 $6,755,000 $54,919 $0 0.00%
    $100k-200k 76 $10,650,000 $140,132 $0 0.00%
    $200k-400k 55 $15,165,000 $275,727 $0 0.00%
    $400k-600k 11 $5,125,000 $465,909 $0 0.00%

    2019 saw First Federal Community Bank Of Bucyrus place emphasis on $100,000 or less loans with 123 originations, totaling $6,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 52 $6,700,000 $128,846 $0 0.00%
    $50k or less 52 $4,100,000 $78,846 $0 0.00%
    $100k-150k 40 $7,530,000 $188,250 $0 0.00%
    $75k-100k 35 $5,035,000 $143,857 $0 0.00%
    $150k-250k 28 $5,630,000 $201,071 $0 0.00%
    $250k+ 15 $3,065,000 $204,333 $0 0.00%

    First Federal Community Bank Of Bucyrus lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $50k or less, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 265 $37,695,000 $142,245 $0 0.00%

    First Federal Community Bank Of Bucyrus lent most frequently to those with DTI ratios of Exempt%, with 265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 221 $31,875,000 $144,231 $0 0.00%
    Not applicable 39 $5,395,000 $138,333 $0 0.00%
    Not provided 3 $245,000 $81,667 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.90%

    First Federal Community Bank Of Bucyrus 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
    93.96%

    First Federal Community Bank Of Bucyrus has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 265 $37,695,000 $142,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,040,000 $260,000
    Single Family (1-4 Units):Manufactured 7 $425,000 $60,714
    Single Family (1-4 Units):Site-Built 254 $36,230,000 $142,638

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST COMMUNITY MORTGAGE, INC. VA mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Community Bank of Bucyrus 119 South Sandusky Avenue Bucyrus, OH 44820 Full Service B&M $74,116
    First Federal Community Bank of Bucyrus 2020 E. Mansfield St. Bucyrus, OH 44820 Full Service B&M $8,415
    First Federal Community Bank of Bucyrus 220 West Mansfield Street New Washington, OH 44854 Full Service B&M $16,095
    First Federal Community Bank of Bucyrus 251 Coleman's Crossing Boulevard Marysville, OH 43040 Full Service B&M $11,341
    First Federal Community Bank of Bucyrus 875 S Sandusky Ave Bucyrus, OH 44820 Full Service B&M $8,925

    For 2019, First Federal Community Bank Of Bucyrus had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,821
    Net interest income $6,003
    Total noninterest income $3,559
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $38
    Trading account gains and fees $0
    Additional Noninterest Income $3,521
    Pre-tax net operating income $1,450
    Securities gains (or losses, -) $-18
    Income before extraordinary items $1,162
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,162
    Minority interest net income $0
    Net income $1,162
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,176

    First Federal Community Bank Of Bucyrus's gross interest income from loans was $7,821,000.
    First Federal Community Bank Of Bucyrus's net interest income from loans was $6,003,000.
    First Federal Community Bank Of Bucyrus's fee based income from loans was $38,000.
    First Federal Community Bank Of Bucyrus's net income from loans was $1,162,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,818
    Provision for credit losses $224
    Total noninterest expense $7,888
    Salaries and employee benefits $4,752
    Premises and equipment expense $704
    Additional noninterest expense $2,432
    Applicable income taxes $270
    Net charge-offs $41
    Cash dividends $310

    First Federal Community Bank Of Bucyrus's interest expense for loans was $1,818,000.
    First Federal Community Bank Of Bucyrus's payroll and benefits expense were $4,752,000.
    First Federal Community Bank Of Bucyrus's property, plant and equipment expenses $704,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    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 $128,767
    Deposits held in domestic offices $128,767
    Deposits by Individuals, partnerships, and corporations $114,486
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,690
    Deposits by Commercial banks and other depository institutions in U.S. $591
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $41,894
    Demand deposits $11,344
    Nontransaction accounts $86,873
    Money market deposit accounts (MMDAs) $11,712
    Other savings deposits (excluding MMDAs) $30,651
    Total time deposits $44,510
    Total time and savings deposits $117,423
    Noninterest-bearing deposits $9,263
    Interest-bearing deposits $119,504
    Retail deposits $118,689
    IRAs and Keogh plan accounts $7,753
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $181,872
    Cash & Balances due from depository institutions $10,386
    Interest-bearing balances $1,748
    Total securities $12,683
    Federal funds sold & reverse repurchase $0
    Net loans and leases $145,581
    Loan and leases loss allowance $1,583
    Trading account assets $0
    Bank premises and fixed assets $5,417
    Other real estate owned $6
    Goodwill and other intangibles $663
    All other assets $7,136

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $181,872
    Total Liabilities $166,664
    Total deposits $128,767
    Interest-bearing deposits $119,504
    Deposits held in domestic offices $128,767
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $1,561
    Trading liabilities $0
    Other borrowed funds $35,567
    Subordinated debt $0
    All other liabilities $769

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $145,581
    Loan and leases loss allowance $1,583
    Total loans and leases (domestic) $147,164
    All real estate loans $125,459
    Real estate loans in domestic offices $125,459
    Construction and development loans $9,556
    Residential 1-4 family construction $7,904
    Other construction, all land development and other land $1,652
    Loans secured by nonfarm nonresidential properties $16,703
    Nonfarm nonresidential secured by owner-occupied properties $10,329
    Commercial real estate & other non-farm, non-residential $6,374
    Multifamily residential real estate $689
    1-4 family residential loans $96,213
    Farmland loans $2,298
    Loans held in foreign offices $0
    Farm loans $3,008
    Commercial and industrial loans $9,082
    To non-U.S. addressees $0
    Loans to individuals $9,035
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,757
    Other loans to individuals $3,278
    All other loans & leases $580
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $2,060
    Non 1-4 family restructured loans & leases $817
    Total loans and leases (foreign) $0

    First Federal Community Bank of Bucyrus had $145,581,000 of loans outstanding in 2019. $125,459,000 of loans were in real estate loans. $9,556,000 of loans were in development loans. $689,000 of loans were in multifamily mortgage loans. $96,213,000 of loans were in 1-4 family mortgage loans. $3,008,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,757,000 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 123 $16,702 $135,789
    Nonfarm, nonresidential loans - <$100k 55 $2,799 $50,891
    Nonfarm, nonresidential loans - $100-250k 39 $4,799 $123,051
    Nonfarm, nonresidential loans - $250k-1MM 29 $9,104 $313,931
    Commercial & Industrial, US addressed loans - <$1MM 142 $7,237 $50,965
    Commercial & Industrial, US addressed loans - <$100k 121 $3,378 $27,917
    Commercial & Industrial, US addressed loans - $100-250k 15 $2,071 $138,067
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,788 $298,000
    Farmland loans - <$1MM 16 $2,298 $143,625
    Farmland loans - <$100k 8 $442 $55,250
    Farmland loans - $100-250k 4 $510 $127,500
    Farmland loans - $250k-1MM 4 $1,346 $336,500
    Agriculture operations loans - <$1MM 23 $1,975 $85,870
    Agriculture operations loans - <$100k 18 $579 $32,167
    Agriculture operations loans - $100-250k 2 $280 $140,000
    Agriculture operations loans - $250k-1MM 3 $1,116 $372,000