Bcb Community Bank Mortgage Rates, Fees & Info

Bayonne, NJ

LEI: 549300RUVVJLHQM71O74

Tax ID: 22-3760320

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Mortgage Data

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

    Bcb Community Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Bcb Community Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Reading, Trenton, Philadelphia, and Naples among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bcb Community 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.

    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.

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    Originations

    453

    Origination Dollar Volume (All Markets)

    $311,925,000

    Employee count

    365

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 437 $267,395,000 $611,888 $0 0.00%
    READING, PA (FHA|USDA|VA) 1 $17,605,000 $17,605,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $11,850,000 $2,962,500 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $11,235,000 $3,745,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 0.00%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Bcb Community Bank's top markets include New York, Reading, Trenton, Philadelphia, and Naples among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 443 $307,705,000 $694,594 $0 0.00%
    FHA 10 $4,220,000 $422,000 $0 0.00%

    For 2018, Bcb Community Bank's most frequently originated type of loan was Conventional, with 443 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $114,545,000 $564,261 $0 0.00%
    Refi 97 $99,405,000 $1,024,794 $0 0.00%
    Cash Out Refi 83 $88,215,000 $1,062,831 $0 0.00%
    Home Improvement 37 $5,385,000 $145,541 $0 0.00%
    Other 32 $3,790,000 $118,438 $0 0.00%
    NA 1 $585,000 $585,000 $0 0.00%

    For 2018, Bcb Community Bank's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 97 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 453 $311,925,000 $688,576 $0 0.00%

    For 2018, Bcb Community Bank's most frequently cited loan duration was Other, with 453 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 123 $36,085,000 $293,374 $0 0.00%
    $400k-600k 91 $43,505,000 $478,077 $0 0.00%
    $100k-200k 68 $9,980,000 $146,765 $0 0.00%
    $600k-1MM 62 $45,540,000 $734,516 $0 0.00%
    $1MM+ 55 $173,735,000 $3,158,818 $0 0.00%
    $100,000 or less 54 $3,080,000 $57,037 $0 0.00%

    2018 saw Bcb Community Bank place emphasis on $200k-400k loans with 123 originations, totaling $36,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 80 $26,960,000 $337,000 $0 0.00%
    $100k-150k 72 $22,520,000 $312,778 $0 0.00%
    $250k+ 55 $25,105,000 $456,455 $0 0.00%
    $50k-75k 44 $6,870,000 $156,136 $0 0.00%
    $75k-100k 42 $11,530,000 $274,524 $0 0.00%
    $50k or less 17 $2,585,000 $152,059 $0 0.00%

    Bcb Community Bank lent most frequently to those with incomes in the $150k-250k range, with 80 originations. The second most popular income band? $100k-150k, with 72 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 453 $311,925,000 $688,576 $0 0.00%

    Bcb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 453 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 143 $216,385,000 $1,513,182 $0 0.00%
    White 261 $79,645,000 $305,153 $0 0.00%
    Asian 22 $7,750,000 $352,273 $0 0.00%
    Asian Indian 8 $3,630,000 $453,750 $0 0.00%
    Not provided 10 $2,910,000 $291,000 $0 0.00%
    Black 7 $1,465,000 $209,286 $0 0.00%
    Other Asian 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.72%

    Bcb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.53%

    Bcb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 453 $311,925,000 $688,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 58 $139,790,000 $2,410,172
    Single Family (1-4 Units):Site-Built 395 $172,135,000 $435,785

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BCB Community Bank 10 Schalks Crossing Road Plainsboro, NJ 8536 Full Service B&M $25,784
    BCB Community Bank 104-110 Avenue C Bayonne, NJ 7002 Full Service B&M $152,422
    BCB Community Bank 112 Talmadge Road Edison, NJ 8817 Full Service B&M $14,922
    BCB Community Bank 1379 St. Georges Avenue Colonia, NJ 7067 Full Service B&M $35,562
    BCB Community Bank 1452 Route 46 West Parsippany, NJ 7054 Full Service B&M $19,635
    BCB Community Bank 1500 Forest Avenue Staten Island, NY 10302 Full Service B&M $22,036
    BCB Community Bank 160 Maplewood Avenue Maplewood, NJ 7040 Full Service B&M $6,880
    BCB Community Bank 1630 Oak Tree Road Edison, NJ 8820 Full Service B&M $97,481
    BCB Community Bank 165 Passaic Avenue Fairfield, NJ 7004 Full Service B&M $68,713
    BCB Community Bank 181 Avenue A Bayonne, NJ 7002 Full Service B&M $13,006
    BCB Community Bank 190 Park Avenue Rutherford, NJ 7070 Full Service B&M $99,288
    BCB Community Bank 2 Arnot Street Lodi, NJ 7644 Full Service B&M $25,083
    BCB Community Bank 200 Valley Street South Orange, NJ 7079 Full Service B&M $48,670
    BCB Community Bank 2000 Morris Avenue Union, NJ 7083 Full Service B&M $26,951
    BCB Community Bank 211 Washington Street Jersey City, NJ 7302 Full Service B&M $90,409
    BCB Community Bank 34 Main Street Woodbridge, NJ 7095 Full Service B&M $96,171
    BCB Community Bank 356 New Dorp Lane Staten Island, NY 10306 Full Service B&M $38,204
    BCB Community Bank 401 Washington St Hoboken, NJ 7030 Full Service B&M $119,049
    BCB Community Bank 473 Spotswood/Englishtown Rd Monroe Township, NJ 8831 Full Service B&M $104,236
    BCB Community Bank 508 Broadway Bayonne, NJ 7002 Full Service B&M $80,178
    BCB Community Bank 611 Avenue C Bayonne, NJ 7002 Full Service B&M $170,476
    BCB Community Bank 626 Laurel Avenue Holmdel, NJ 7733 Full Service B&M $22,882
    BCB Community Bank 70 Broadway Hicksville, NY 11801 Full Service Retail $19,957
    BCB Community Bank 734 Ridge Road Lyndhurst, NJ 7071 Full Service B&M $17,225
    BCB Community Bank 781 Newark Avenue Jersey City, NJ 7306 Full Service B&M $22,707
    BCB Community Bank 801 Roosevelt Avenue Carteret, NJ 7008 Full Service B&M $10,410
    BCB Community Bank 860 Broadway Bayonne, NJ 7002 Full Service B&M $512,858
    BCB Community Bank 987 Broadway Bayonne, NJ 7002 Full Service B&M $24,057

    For 2018, Bcb Community Bank had 28 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $105,927
    Net interest income $79,621
    Total noninterest income $7,745
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,694
    Trading account gains and fees $0
    Additional Noninterest Income $6,051
    Pre-tax net operating income $26,182
    Securities gains (or losses, -) $-622
    Income before extraordinary items $17,809
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,809
    Minority interest net income $0
    Net income $17,809
    Sale, conversion, retirement of capital stock, net $34,589
    Net operating income $18,300

    Bcb Community Bank's gross interest income from loans was $105,927,000.
    Bcb Community Bank's net interest income from loans was $79,621,000.
    Bcb Community Bank's fee based income from loans was $1,694,000.
    Bcb Community Bank's net income from loans was $17,809,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $26,306
    Provision for credit losses $5,130
    Total noninterest expense $56,054
    Salaries and employee benefits $27,590
    Premises and equipment expense $9,565
    Additional noninterest expense $18,899
    Applicable income taxes $7,751
    Net charge-offs $146
    Cash dividends $11,261

    Bcb Community Bank's interest expense for loans was $26,306,000.
    Bcb Community Bank's payroll and benefits expense were $27,590,000.
    Bcb Community Bank's property, plant and equipment expenses $9,565,000.

    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 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,181,924
    Deposits held in domestic offices $2,181,924
    Deposits by Individuals, partnerships, and corporations $1,845,061
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $297,681
    Deposits by Commercial banks and other depository institutions in U.S. $39,182
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $578,644
    Demand deposits $248,447
    Nontransaction accounts $1,603,280
    Money market deposit accounts (MMDAs) $221,898
    Other savings deposits (excluding MMDAs) $277,537
    Total time deposits $1,103,845
    Total time and savings deposits $1,933,477
    Noninterest-bearing deposits $265,160
    Interest-bearing deposits $1,916,764
    Retail deposits $1,632,655
    IRAs and Keogh plan accounts $75,944
    Brokered deposits $248,026
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,673,815
    Cash & Balances due from depository institutions $195,521
    Interest-bearing balances $176,551
    Total securities $127,007
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,279,645
    Loan and leases loss allowance $22,359
    Trading account assets $0
    Bank premises and fixed assets $20,293
    Other real estate owned $1,333
    Goodwill and other intangibles $8,815
    All other assets $41,201

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,673,815
    Total Liabilities $2,438,087
    Total deposits $2,181,924
    Interest-bearing deposits $1,916,764
    Deposits held in domestic offices $2,181,924
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $245,800
    Subordinated debt $0
    All other liabilities $10,363

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,279,645
    Loan and leases loss allowance $22,359
    Total loans and leases (domestic) $2,302,004
    All real estate loans $2,188,150
    Real estate loans in domestic offices $2,188,150
    Construction and development loans $94,540
    Residential 1-4 family construction $1,396
    Other construction, all land development and other land $93,144
    Loans secured by nonfarm nonresidential properties $1,190,272
    Nonfarm nonresidential secured by owner-occupied properties $435,902
    Commercial real estate & other non-farm, non-residential $754,370
    Multifamily residential real estate $285,240
    1-4 family residential loans $617,894
    Farmland loans $204
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $112,129
    To non-U.S. addressees $0
    Loans to individuals $1,359
    Credit card loans $0
    Related Plans $858
    Consumer Auto Loans $0
    Other loans to individuals $501
    All other loans & leases $366
    Loans to foreign governments and official institutions $0
    Other loans $366
    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 $20,408
    Non 1-4 family restructured loans & leases $12,057
    Total loans and leases (foreign) $0

    BCB Community Bank had $2,279,645,000 of loans outstanding in 2018. $2,188,150,000 of loans were in real estate loans. $94,540,000 of loans were in development loans. $285,240,000 of loans were in multifamily mortgage loans. $617,894,000 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 612 $224,041 $366,080
    Nonfarm, nonresidential loans - <$100k 23 $962 $41,826
    Nonfarm, nonresidential loans - $100-250k 110 $14,840 $134,909
    Nonfarm, nonresidential loans - $250k-1MM 479 $208,239 $434,737
    Commercial & Industrial, US addressed loans - <$1MM 288 $46,766 $162,382
    Commercial & Industrial, US addressed loans - <$100k 81 $3,435 $42,407
    Commercial & Industrial, US addressed loans - $100-250k 91 $9,934 $109,165
    Commercial & Industrial, US addressed loans - $250k-1MM 116 $33,397 $287,905
    Farmland loans - <$1MM 1 $204 $204,000
    Farmland loans - $250k-1MM 1 $204 $204,000