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 and 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, Philadelphia, Ocean City, Myrtle Beach, and Trenton among others. We have data for 6 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

    235

    Origination Dollar Volume (All Markets)

    $69,785,000

    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) 228 $67,940,000 $297,982 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Bcb Community Bank's top markets include New York, Philadelphia, Ocean City, Myrtle Beach, and Trenton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 226 $66,950,000 $296,239 $0 0.00%
    FHA 9 $2,835,000 $315,000 $0 0.00%

    For 2019, Bcb Community Bank's most frequently originated type of loan was Conventional, with 226 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $30,580,000 $355,581 $0 0.00%
    Refi 78 $31,420,000 $402,821 $0 0.00%
    Home Improvement 38 $3,460,000 $91,053 $0 0.00%
    Other 33 $4,325,000 $131,061 $0 0.00%

    For 2019, Bcb Community Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 235 $69,785,000 $296,957 $0 0.00%

    For 2019, Bcb Community Bank's most frequently cited loan duration was Other, with 235 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 93 $26,905,000 $289,301 $0 0.00%
    $100,000 or less 52 $2,750,000 $52,885 $0 0.00%
    $100k-200k 42 $5,860,000 $139,524 $0 0.00%
    $400k-600k 29 $13,835,000 $477,069 $0 0.00%
    $600k-1MM 12 $9,350,000 $779,167 $0 0.00%
    $1MM+ 7 $11,085,000 $1,583,571 $0 0.00%

    2019 saw Bcb Community Bank place emphasis on $200k-400k loans with 93 originations, totaling $26,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 62 $15,040,000 $242,581 $0 0.00%
    $150k-250k 51 $15,515,000 $304,216 $0 0.00%
    $75k-100k 34 $7,260,000 $213,529 $0 0.00%
    $250k+ 26 $11,200,000 $430,769 $0 0.00%
    $50k-75k 23 $3,725,000 $161,957 $0 0.00%
    $50k or less 10 $1,530,000 $153,000 $0 0.00%

    Bcb Community Bank lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $150k-250k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 235 $69,785,000 $296,957 $0 0.00%

    Bcb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $47,615,000 $263,066 $0 0.00%
    Not applicable 23 $14,275,000 $620,652 $0 0.00%
    Asian 10 $3,030,000 $303,000 $0 0.00%
    Not provided 9 $1,715,000 $190,556 $0 0.00%
    Asian Indian 6 $1,470,000 $245,000 $0 0.00%
    Black 3 $1,005,000 $335,000 $0 0.00%
    Other Asian 2 $370,000 $185,000 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.14%

    Bcb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.68%

    Bcb Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 235 $69,785,000 $296,957

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,620,000 $405,000
    Single Family (1-4 Units):Site-Built 231 $68,165,000 $295,087

    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 $32,657
    BCB Community Bank 104-110 Avenue C Bayonne, NJ 7002 Full Service B&M $164,754
    BCB Community Bank 1100 Washington Street Hoboken, NJ 7030 Full Service B&M $4
    BCB Community Bank 112 Talmadge Road Edison, NJ 8817 Full Service B&M $25,294
    BCB Community Bank 1379 St. Georges Avenue Colonia, NJ 7067 Full Service B&M $17,902
    BCB Community Bank 1452 Route 46 Parsippany, NJ 7054 Full Service B&M $31,279
    BCB Community Bank 1500 Forest Avenue Staten Island, NY 10302 Full Service B&M $35,003
    BCB Community Bank 160 Maplewood Avenue Maplewood, NJ 7040 Full Service B&M $18,194
    BCB Community Bank 1630 Oak Tree Road Edison, NJ 8820 Full Service B&M $102,715
    BCB Community Bank 165 Passaic Avenue Fairfield, NJ 7004 Full Service B&M $90,219
    BCB Community Bank 181 Avenue A Bayonne, NJ 7002 Full Service B&M $13,722
    BCB Community Bank 190 Park Avenue Rutherford, NJ 7070 Full Service B&M $126,426
    BCB Community Bank 2 Arnot Street Lodi, NJ 7644 Full Service B&M $39,504
    BCB Community Bank 200 Valley Street South Orange, NJ 7079 Full Service B&M $65,534
    BCB Community Bank 2000 Morris Avenue Union, NJ 7083 Full Service B&M $83,386
    BCB Community Bank 211 Washington Street Jersey City, NJ 7302 Full Service B&M $93,451
    BCB Community Bank 356 New Dorp Lane Staten Island, NY 10306 Full Service B&M $56,422
    BCB Community Bank 378 Amboy Ave. Woodbridge, NJ 7095 Full Service B&M $99,990
    BCB Community Bank 401 Washington St Hoboken, NJ 7030 Full Service B&M $188,285
    BCB Community Bank 473 Spotswood/Englishtown Rd Monroe Township, NJ 8831 Full Service B&M $135,089
    BCB Community Bank 508 Broadway Bayonne, NJ 7002 Full Service B&M $85,653
    BCB Community Bank 611 Avenue C Bayonne, NJ 7002 Full Service B&M $159,528
    BCB Community Bank 626 Laurel Avenue Holmdel, NJ 7733 Full Service B&M $51,680
    BCB Community Bank 70 Broadway Hicksville, NY 11801 Full Service Retail $25,510
    BCB Community Bank 734 Ridge Road Lyndhurst, NJ 7071 Full Service B&M $60,020
    BCB Community Bank 781 Newark Avenue Jersey City, NJ 7306 Full Service B&M $32,773
    BCB Community Bank 801 Roosevelt Avenue Carteret, NJ 7008 Full Service B&M $14,296
    BCB Community Bank 860 Broadway Bayonne, NJ 7002 Full Service B&M $328,863
    BCB Community Bank 876 Kinderkamack Road River Edge, NJ 7661 Full Service B&M $6,319
    BCB Community Bank 987 Broadway Bayonne, NJ 7002 Full Service B&M $24,350

    For 2019, Bcb Community Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $124,174
    Net interest income $85,538
    Total noninterest income $4,248
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,180
    Trading account gains and fees $0
    Additional Noninterest Income $2,068
    Pre-tax net operating income $32,605
    Securities gains (or losses, -) $463
    Income before extraordinary items $23,141
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,141
    Minority interest net income $0
    Net income $23,141
    Sale, conversion, retirement of capital stock, net $26,756
    Net operating income $22,775

    Bcb Community Bank's gross interest income from loans was $124,174,000.
    Bcb Community Bank's net interest income from loans was $85,538,000.
    Bcb Community Bank's fee based income from loans was $2,180,000.
    Bcb Community Bank's net income from loans was $23,141,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $38,636
    Provision for credit losses $2,069
    Total noninterest expense $55,112
    Salaries and employee benefits $28,456
    Premises and equipment expense $10,606
    Additional noninterest expense $16,050
    Applicable income taxes $9,927
    Net charge-offs $694
    Cash dividends $12,033

    Bcb Community Bank's interest expense for loans was $38,636,000.
    Bcb Community Bank's payroll and benefits expense were $28,456,000.
    Bcb Community Bank's property, plant and equipment expenses $10,606,000.

    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 3.0%
    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 $2,362,263
    Deposits held in domestic offices $2,362,263
    Deposits by Individuals, partnerships, and corporations $1,953,253
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $397,342
    Deposits by Commercial banks and other depository institutions in U.S. $11,668
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $112,542
    Demand deposits $52,585
    Nontransaction accounts $2,249,721
    Money market deposit accounts (MMDAs) $305,791
    Other savings deposits (excluding MMDAs) $813,978
    Total time deposits $1,129,952
    Total time and savings deposits $2,309,678
    Noninterest-bearing deposits $271,901
    Interest-bearing deposits $2,090,362
    Retail deposits $1,900,560
    IRAs and Keogh plan accounts $80,848
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,906,653
    Cash & Balances due from depository institutions $550,440
    Interest-bearing balances $525,455
    Total securities $94,113
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,179,324
    Loan and leases loss allowance $23,734
    Trading account assets $0
    Bank premises and fixed assets $33,166
    Other real estate owned $1,623
    Goodwill and other intangibles $8,368
    All other assets $39,619

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,906,653
    Total Liabilities $2,630,203
    Total deposits $2,362,263
    Interest-bearing deposits $2,090,362
    Deposits held in domestic offices $2,362,263
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $259,180
    Subordinated debt $0
    All other liabilities $8,760

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,179,324
    Loan and leases loss allowance $23,734
    Total loans and leases (domestic) $2,203,058
    All real estate loans $2,086,944
    Real estate loans in domestic offices $2,086,944
    Construction and development loans $93,854
    Residential 1-4 family construction $2,544
    Other construction, all land development and other land $91,310
    Loans secured by nonfarm nonresidential properties $1,139,603
    Nonfarm nonresidential secured by owner-occupied properties $413,434
    Commercial real estate & other non-farm, non-residential $726,169
    Multifamily residential real estate $271,315
    1-4 family residential loans $582,172
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $114,619
    To non-U.S. addressees $0
    Loans to individuals $1,197
    Credit card loans $0
    Related Plans $767
    Consumer Auto Loans $0
    Other loans to individuals $430
    All other loans & leases $298
    Loans to foreign governments and official institutions $0
    Other loans $298
    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 $16,451
    Non 1-4 family restructured loans & leases $7,882
    Total loans and leases (foreign) $0

    BCB Community Bank had $2,179,324,000 of loans outstanding in 2019. $2,086,944,000 of loans were in real estate loans. $93,854,000 of loans were in development loans. $271,315,000 of loans were in multifamily mortgage loans. $582,172,000 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 593 $240,160 $404,992
    Nonfarm, nonresidential loans - <$100k 18 $868 $48,222
    Nonfarm, nonresidential loans - $100-250k 111 $15,874 $143,009
    Nonfarm, nonresidential loans - $250k-1MM 464 $223,418 $481,504
    Commercial & Industrial, US addressed loans - <$1MM 289 $52,888 $183,003
    Commercial & Industrial, US addressed loans - <$100k 83 $3,342 $40,265
    Commercial & Industrial, US addressed loans - $100-250k 87 $10,071 $115,759
    Commercial & Industrial, US addressed loans - $250k-1MM 119 $39,475 $331,723