First Commercial Bank Mortgage Rates, Fees & Info

Seguin, TX

LEI: 549300NFAQXBUC5NPK66

Tax ID: 74-2252067

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

    First Commercial Bank is a smaller bank specializing in Home Purchase loans. First Commercial Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Corpus Christi, Rockport, Brownsville, and Pearsall among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Commercial 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. First Commercial Bank 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.

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    Originations

    90

    Origination Dollar Volume (All Markets)

    $21,360,000

    Employee count

    78

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 83 $19,815,000 $238,735 $4,556 5.58%
    Outside of Metro Areas 2 $710,000 $355,000 $9,107 4.60%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.25%
    Rockport, TX (FHA|USDA|VA) 2 $250,000 $125,000 $0 6.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,033 5.90%
    Pearsall, TX (FHA|USDA|VA) 1 $35,000 $35,000 $1,179 5.75%
    First Commercial Bank's top markets include San Antonio, Corpus Christi, Rockport, Brownsville, and Pearsall among others.

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

    • Similar Lenders

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

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 86
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 432
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 456
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 912
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 955
    First Commercial Bank
    Similarity Rank: 1122
    Generations Community Federal Credit Union
    Similarity Rank: 1133
    BROOKHOLLOW MORTGAGE SERVICES, LTD
    Similarity Rank: 1548
    BancorpSouth
    Similarity Rank: 1830
    SECURITY SERVICE
    Similarity Rank: 2176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $21,360,000 $237,333 $4,569 5.57%

    For 2018, First Commercial Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $13,070,000 $284,130 $6,230 5.26%
    Home Improvement 12 $960,000 $80,000 $1,878 5.92%
    Other 10 $1,430,000 $143,000 $2,748 6.11%
    Refi 9 $2,465,000 $273,889 $3,327 5.79%
    NA 7 $1,975,000 $282,143 $0 5.93%
    Cash Out Refi 6 $1,460,000 $243,333 $4,946 5.57%

    For 2018, First Commercial Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 28 $3,430,000 $122,500 $1,604 5.94%
    20 Year 21 $5,205,000 $247,857 $4,501 5.70%
    30 Year 16 $4,740,000 $296,250 $5,992 4.87%
    Other 12 $4,150,000 $345,833 $3,362 5.78%
    1 Year 5 $1,835,000 $367,000 $11,274 5.29%
    10 Year 4 $190,000 $47,500 $1,037 5.50%
    30+ year 3 $1,635,000 $545,000 $10,414 5.03%
    5 Year 1 $175,000 $175,000 $4,362 4.75%

    For 2018, First Commercial Bank's most frequently cited loan duration was 15 Year, with 28 originations. The 2nd most popular length was 20 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 29 $4,185,000 $144,310
    $1k-2k 7 $1,305,000 $186,429
    $2k-3k 6 $1,490,000 $248,333
    $5k+ 5 $3,425,000 $685,000
    $3k-4k 4 $1,660,000 $415,000
    $4k-5k 1 $405,000 $405,000

    First Commercial Bank's average total fees were $5,992, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 49 $10,295,000 $210,102
    4-5% 25 $8,835,000 $353,400
    6-7% 12 $1,610,000 $134,167
    Over 8% 2 $190,000 $95,000
    3-4% 1 $355,000 $355,000
    7-8% 1 $75,000 $75,000

    During 2018, First Commercial Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 5-6%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,895,000 $61,129 $1,325 6.01%
    $200k-400k 23 $6,795,000 $295,435 $5,518 5.23%
    $100k-200k 21 $3,115,000 $148,333 $3,178 5.62%
    $400k-600k 7 $3,495,000 $499,286 $8,106 4.91%
    $600k-1MM 7 $4,915,000 $702,143 $11,515 5.41%
    $1MM+ 1 $1,145,000 $1,145,000 $20,403 4.65%

    2018 saw First Commercial Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,585,000 $210,882 $4,496 5.68%
    $75k-100k 12 $1,570,000 $130,833 $2,477 5.69%
    $250k+ 11 $4,255,000 $386,818 $9,024 5.20%
    $150k-250k 10 $3,210,000 $321,000 $5,942 5.05%
    $50k-75k 6 $650,000 $108,333 $2,545 5.57%
    $50k or less 6 $430,000 $71,667 $1,661 6.20%

    First Commercial Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 9 $1,595,000 $177,222 $3,262 5.28%
    20-30% 6 $830,000 $138,333 $3,204 5.21%
    50-60% 6 $2,630,000 $438,333 $8,077 5.21%
    43% 5 $535,000 $107,000 $2,389 5.53%
    41% 4 $1,110,000 $277,500 $4,525 5.66%
    <20% 3 $365,000 $121,667 $3,207 5.38%
    38% 3 $285,000 $95,000 $2,009 7.48%
    39% 3 $325,000 $108,333 $2,929 5.47%
    40% 3 $1,065,000 $355,000 $6,864 5.20%
    42% 3 $755,000 $251,667 $4,943 4.98%
    44% 3 $645,000 $215,000 $2,679 5.31%
    >60% 2 $380,000 $190,000 $6,546 7.55%
    36% 2 $460,000 $230,000 $5,141 5.10%
    45% 1 $155,000 $155,000 $2,411 5.00%
    46% 1 $525,000 $525,000 $6,319 4.75%
    48% 1 $635,000 $635,000 $11,563 5.00%
    37% 1 $535,000 $535,000 $10,985 4.75%

    First Commercial Bank lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $12,415,000 $210,424 $4,417 5.57%
    Not applicable 27 $7,575,000 $280,556 $0 5.66%
    Not provided 3 $1,195,000 $398,333 $6,989 4.95%
    Vietnamese 1 $175,000 $175,000 $4,617 5.15%

    Approval Rates

    Total approvals of all applications
    89.68%

    First Commercial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.56%

    First Commercial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 90 $21,360,000 $237,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $735,000 $735,000
    Multifamily:Site-Built 2 $1,530,000 $765,000
    Single Family (1-4 Units):Manufactured 8 $980,000 $122,500
    Single Family (1-4 Units):Site-Built 79 $18,115,000 $229,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,040,000 $127,500 $2,855 6.09%
    40-60% 16 $4,940,000 $308,750 $5,378 5.40%
    60-80% 31 $7,675,000 $247,581 $4,776 5.45%
    80-100% 17 $6,165,000 $362,647 $8,836 5.28%
    Under 20% 10 $540,000 $54,000 $1,264 5.88%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Commercial Bank, National Association 120 East Basse Road San Antonio, TX 78209 Full Service B&M $11,735
    First Commercial Bank, National Association 1301 Oak Street Jourdanton, TX 78026 Full Service B&M $92,227
    First Commercial Bank, National Association 13333 Blanco Road San Antonio, TX 78216 Full Service B&M $10,812
    First Commercial Bank, National Association 1336 East Court Street Seguin, TX 78155 Full Service B&M $79,299
    First Commercial Bank, National Association 1525 South Seguin Ave. New Braunfels, TX 78130 Full Service B&M $41,576
    First Commercial Bank, National Association 1656 West State Highway 46 New Braunfels, TX 78132 Full Service B&M $35,229
    First Commercial Bank, National Association 1837 W. Comal St Pearsall, TX 78061 Full Service B&M $15,494

    For 2018, First Commercial Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,771
    Net interest income $12,286
    Total noninterest income $3,188
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $776
    Trading account gains and fees $0
    Additional Noninterest Income $2,412
    Pre-tax net operating income $4,088
    Securities gains (or losses, -) $-8
    Income before extraordinary items $4,080
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,080
    Minority interest net income $0
    Net income $4,080
    Sale, conversion, retirement of capital stock, net $117
    Net operating income $4,088

    First Commercial Bank's gross interest income from loans was $12,771,000.
    First Commercial Bank's net interest income from loans was $12,286,000.
    First Commercial Bank's fee based income from loans was $776,000.
    First Commercial Bank's net income from loans was $4,080,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $485
    Provision for credit losses $715
    Total noninterest expense $10,671
    Salaries and employee benefits $5,939
    Premises and equipment expense $1,489
    Additional noninterest expense $3,243
    Applicable income taxes $0
    Net charge-offs $539
    Cash dividends $6,000

    First Commercial Bank's interest expense for loans was $485,000.
    First Commercial Bank's payroll and benefits expense were $5,939,000.
    First Commercial Bank's property, plant and equipment expenses $1,489,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 $294,005
    Deposits held in domestic offices $294,005
    Deposits by Individuals, partnerships, and corporations $287,434
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,571
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $169,502
    Demand deposits $142,493
    Nontransaction accounts $124,503
    Money market deposit accounts (MMDAs) $82,499
    Other savings deposits (excluding MMDAs) $22,509
    Total time deposits $19,495
    Total time and savings deposits $151,512
    Noninterest-bearing deposits $142,493
    Interest-bearing deposits $151,512
    Retail deposits $290,557
    IRAs and Keogh plan accounts $3,088
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $328,311
    Cash & Balances due from depository institutions $28,516
    Interest-bearing balances $24,682
    Total securities $72,942
    Federal funds sold & reverse repurchase $0
    Net loans and leases $204,128
    Loan and leases loss allowance $2,096
    Trading account assets $0
    Bank premises and fixed assets $9,954
    Other real estate owned $0
    Goodwill and other intangibles $1,789
    All other assets $10,982

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $328,311
    Total Liabilities $296,256
    Total deposits $294,005
    Interest-bearing deposits $151,512
    Deposits held in domestic offices $294,005
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,251

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $204,128
    Loan and leases loss allowance $2,096
    Total loans and leases (domestic) $206,224
    All real estate loans $168,196
    Real estate loans in domestic offices $168,196
    Construction and development loans $33,211
    Residential 1-4 family construction $12,215
    Other construction, all land development and other land $20,996
    Loans secured by nonfarm nonresidential properties $80,965
    Nonfarm nonresidential secured by owner-occupied properties $29,244
    Commercial real estate & other non-farm, non-residential $51,721
    Multifamily residential real estate $3,482
    1-4 family residential loans $42,989
    Farmland loans $7,549
    Loans held in foreign offices $0
    Farm loans $247
    Commercial and industrial loans $19,117
    To non-U.S. addressees $0
    Loans to individuals $6,388
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,423
    Other loans to individuals $4,965
    All other loans & leases $12,275
    Loans to foreign governments and official institutions $0
    Other loans $5,241
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $456
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Commercial Bank had $204,128,000 of loans outstanding in 2018. $168,196,000 of loans were in real estate loans. $33,211,000 of loans were in development loans. $3,482,000 of loans were in multifamily mortgage loans. $42,989,000 of loans were in 1-4 family mortgage loans. $247,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,423,000 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 138 $31,937 $231,428
    Nonfarm, nonresidential loans - <$100k 22 $1,271 $57,773
    Nonfarm, nonresidential loans - $100-250k 49 $6,531 $133,286
    Nonfarm, nonresidential loans - $250k-1MM 67 $24,135 $360,224
    Commercial & Industrial, US addressed loans - <$1MM 256 $16,225 $63,379
    Commercial & Industrial, US addressed loans - <$100k 205 $5,937 $28,961
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,932 $104,714
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $7,356 $319,826
    Farmland loans - <$1MM 19 $4,074 $214,421
    Farmland loans - <$100k 3 $209 $69,667
    Farmland loans - $100-250k 8 $1,290 $161,250
    Farmland loans - $250k-1MM 8 $2,575 $321,875
    Agriculture operations loans - <$1MM 14 $247 $17,643
    Agriculture operations loans - <$100k 14 $247 $17,643