Tc Federal Bank Mortgage Rates, Fees & Info
Thomasville, GALEI: 549300PJ8G3ECK1DQW27
Tax ID: 58-0459665
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Mortgage Data
Bank Data
Review & Overview
Tc Federal Bank is a smaller bank specializing in Home Purchase and Refi loans. Tc Federal Bank has a high proportion of conventional loans. Tc Federal Bank has a low ratio of conventional loans. Their top markets by origination volume include: Tallahassee, Thomasville, Savannah, Hilton Head Island, and Panama City among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Tc Federal Bank 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.
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Originations
109Origination Dollar Volume (All Markets)
$27,255,000Employee count
54Top 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 |
|---|---|---|---|---|---|
| TALLAHASSEE, FL (FHA|USDA|VA) | 34 | $12,730,000 | $374,412 | $0 | 4.25% |
| Thomasville, GA (FHA|USDA|VA) | 45 | $6,015,000 | $133,667 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 16 | $5,220,000 | $326,250 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $605,000 | $86,429 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $27,040,000 | $250,370 | $0 | 0.00% |
| Conventional | 1 | $215,000 | $215,000 | $0 | 4.25% |
For 2020, Tc Federal Bank's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2020, Tc Federal Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 108 | $27,040,000 | $250,370 | $0 | 0.00% |
| 1 Year | 1 | $215,000 | $215,000 | $0 | 4.25% |
For 2020, Tc Federal Bank's most frequently cited loan duration was Other, with 108 originations. The 2nd most popular length was 1 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $215,000 | $215,000 |
During 2020, Tc Federal Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2020 saw Tc Federal Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,295,000 in origination value.
Applicant Income
Tc Federal Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 108 | $27,040,000 | $250,370 | $0 | 0.00% |
Tc Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.21%
Tc Federal 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 origination44.04%
Tc Federal Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 108 | $27,040,000 | $250,370 |
| NA | 1 | $215,000 | $215,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $215,000 | $215,000 | $0 | 4.25% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Tc Federal Bank | 131 South Dawson Street Thomasville, GA 31792 | Full Service B&M | $218,609 |
| Tc Federal Bank | 2915-501 Kerry Forest Parkway Tallahassee, FL 32309 | Full Service B&M | $62,642 |
For 2020, Tc Federal Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,076 |
| Net interest income | $10,711 |
| Total noninterest income | $2,079 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $278 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,801 |
| Pre-tax net operating income | $347 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $307 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $307 |
| Minority interest net income | $0 |
| Net income | $307 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $307 |
Tc Federal Bank's gross interest income from loans was $13,076,000.
Tc Federal Bank's net interest income from loans was $10,711,000.
Tc Federal Bank's fee based income from loans was $278,000.
Tc Federal Bank's net income from loans was $307,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,365 |
| Provision for credit losses | $780 |
| Total noninterest expense | $11,663 |
| Salaries and employee benefits | $6,286 |
| Premises and equipment expense | $839 |
| Additional noninterest expense | $4,538 |
| Applicable income taxes | $40 |
| Net charge-offs | $-242 |
| Cash dividends | $0 |
Tc Federal Bank's interest expense for loans was $2,365,000.
Tc Federal Bank's payroll and benefits expense were $6,286,000.
Tc Federal Bank's property, plant and equipment expenses $839,000.
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 | 0.0% |
| 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 | $294,624 |
| Deposits held in domestic offices | $294,624 |
| Deposits by Individuals, partnerships, and corporations | $292,061 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $1,791 |
| Deposits by Commercial banks and other depository institutions in U.S. | $771 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $75,375 |
| Demand deposits | $27,649 |
| Nontransaction accounts | $219,248 |
| Money market deposit accounts (MMDAs) | $99,872 |
| Other savings deposits (excluding MMDAs) | $32,800 |
| Total time deposits | $86,576 |
| Total time and savings deposits | $266,974 |
| Noninterest-bearing deposits | $29,293 |
| Interest-bearing deposits | $265,331 |
| Retail deposits | $284,061 |
| IRAs and Keogh plan accounts | $21,535 |
| Brokered deposits | $3,812 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $349,927 |
| Cash & Balances due from depository institutions | $37,529 |
| Interest-bearing balances | $35,757 |
| Total securities | $15,917 |
| Federal funds sold & reverse repurchase | $10,000 |
| Net loans and leases | $265,301 |
| Loan and leases loss allowance | $4,086 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,443 |
| Other real estate owned | $81 |
| Goodwill and other intangibles | $0 |
| All other assets | $17,656 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $349,927 |
| Total Liabilities | $310,069 |
| Total deposits | $294,624 |
| Interest-bearing deposits | $265,331 |
| Deposits held in domestic offices | $294,624 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,515 |
| Subordinated debt | $0 |
| All other liabilities | $5,930 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $265,301 |
| Loan and leases loss allowance | $4,086 |
| Total loans and leases (domestic) | $269,387 |
| All real estate loans | $234,653 |
| Real estate loans in domestic offices | $234,653 |
| Construction and development loans | $28,372 |
| Residential 1-4 family construction | $9,636 |
| Other construction, all land development and other land | $18,736 |
| Loans secured by nonfarm nonresidential properties | $73,630 |
| Nonfarm nonresidential secured by owner-occupied properties | $24,389 |
| Commercial real estate & other non-farm, non-residential | $49,241 |
| Multifamily residential real estate | $15,238 |
| 1-4 family residential loans | $117,370 |
| Farmland loans | $43 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $33,403 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,300 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $518 |
| Other loans to individuals | $782 |
| All other loans & leases | $31 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $31 |
| 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 | $402 |
| Non 1-4 family restructured loans & leases | $107 |
| Total loans and leases (foreign) | $0 |
TC FEDERAL BANK had $265,301,000 of loans outstanding in 2020. $234,653,000 of loans were in real estate loans. $28,372,000 of loans were in development loans. $15,238,000 of loans were in multifamily mortgage loans. $117,370,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $518,000 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 | 88 | $27,828 | $316,227 |
| Nonfarm, nonresidential loans - <$100k | 10 | $517 | $51,700 |
| Nonfarm, nonresidential loans - $100-250k | 23 | $3,121 | $135,696 |
| Nonfarm, nonresidential loans - $250k-1MM | 55 | $24,190 | $439,818 |
| Commercial & Industrial, US addressed loans - <$1MM | 359 | $27,098 | $75,482 |
| Commercial & Industrial, US addressed loans - <$100k | 273 | $8,659 | $31,718 |
| Commercial & Industrial, US addressed loans - $100-250k | 56 | $6,583 | $117,554 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 30 | $11,856 | $395,200 |
| Farmland loans - <$1MM | 43 | $43 | $1,000 |
| Farmland loans - <$100k | 43 | $43 | $1,000 |