Bcb Community Bank Mortgage Rates, Fees & Info

Bayonne, NJ

LEI: 549300RUVVJLHQM71O74

Tax ID: 22-3760320

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Mortgage Data

Bank Data

Review & Overview

Bcb Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Bcb Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Providence, Poughkeepsie, Miami, and Philadelphia among others. We have data for 10 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.

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Originations

300

Origination Dollar Volume (All Markets)

$142,990,000

Employee count

302

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) 285 $136,515,000 $479,000 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $0 0.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $795,000 $265,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $785,000 $785,000 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
Outside of Metro Areas 1 $295,000 $295,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Bcb Community Bank's top markets include New York, Providence, Poughkeepsie, Miami, and Philadelphia among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 300 $142,990,000 $476,633 $0 0.00%

    For 2020, Bcb Community Bank's most frequently originated type of loan was Conventional, with 300 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 153 $91,295,000 $596,699 $0 0.00%
    Home Purchase 88 $42,980,000 $488,409 $0 0.00%
    Home Improvement 30 $4,270,000 $142,333 $0 0.00%
    Other 29 $4,445,000 $153,276 $0 0.00%

    For 2020, Bcb Community Bank's most frequently cited loan purpose was Refi, with 153 originations. The 2nd most popular reason was Home Purchase, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 300 $142,990,000 $476,633 $0 0.00%

    For 2020, Bcb Community Bank's most frequently cited loan duration was Other, with 300 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 105 $30,705,000 $292,429 $0 0.00%
    $400k-600k 53 $25,045,000 $472,547 $0 0.00%
    $100k-200k 45 $6,455,000 $143,444 $0 0.00%
    $100,000 or less 40 $2,190,000 $54,750 $0 0.00%
    $600k-1MM 33 $24,995,000 $757,424 $0 0.00%
    $1MM+ 24 $53,600,000 $2,233,333 $0 0.00%

    2020 saw Bcb Community Bank place emphasis on $200k-400k loans with 105 originations, totaling $30,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 68 $22,920,000 $337,059 $0 0.00%
    $100k-150k 60 $15,590,000 $259,833 $0 0.00%
    $250k+ 38 $31,270,000 $822,895 $0 0.00%
    $50k-75k 32 $8,210,000 $256,563 $0 0.00%
    $75k-100k 30 $9,570,000 $319,000 $0 0.00%
    $50k or less 7 $735,000 $105,000 $0 0.00%

    Bcb Community Bank lent most frequently to those with incomes in the $150k-250k range, with 68 originations. The second most popular income band? $100k-150k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 300 $142,990,000 $476,633 $0 0.00%

    Bcb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 300 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $64,335,000 $355,442 $0 0.00%
    Not applicable 62 $53,260,000 $859,032 $0 0.00%
    Black 16 $9,680,000 $605,000 $0 0.00%
    Not provided 24 $7,770,000 $323,750 $0 0.00%
    Asian 15 $7,485,000 $499,000 $0 0.00%
    Asian Indian 2 $460,000 $230,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.67%

    Bcb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.67%

    Bcb Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 300 $142,990,000 $476,633

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $32,275,000 $1,195,370
    Single Family (1-4 Units):Site-Built 273 $110,715,000 $405,549

    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 $34,903
    Bcb Community Bank 104-110 Avenue C Bayonne, NJ 7002 Full Service B&M $169,155
    Bcb Community Bank 1100 Washington Street Hoboken, NJ 7030 Full Service B&M $4,134
    Bcb Community Bank 112 Talmadge Road Edison, NJ 8817 Full Service B&M $28,044
    Bcb Community Bank 1379 St. Georges Avenue Colonia, NJ 7067 Full Service B&M $31,911
    Bcb Community Bank 1452 Route 46 Parsippany, NJ 7054 Full Service B&M $34,847
    Bcb Community Bank 1500 Forest Avenue Staten Island, NY 10302 Full Service B&M $52,673
    Bcb Community Bank 160 Maplewood Avenue Maplewood, NJ 7040 Full Service B&M $31,596
    Bcb Community Bank 1630 Oak Tree Road Edison, NJ 8820 Full Service B&M $115,030
    Bcb Community Bank 165 Passaic Avenue Fairfield, NJ 7004 Full Service B&M $82,014
    Bcb Community Bank 181 Avenue A Bayonne, NJ 7002 Full Service B&M $14,803
    Bcb Community Bank 190 Park Avenue Rutherford, NJ 7070 Full Service B&M $208,864
    Bcb Community Bank 2 Arnot Street Lodi, NJ 7644 Full Service B&M $33,272
    Bcb Community Bank 200 Valley Street South Orange, NJ 7079 Full Service B&M $56,567
    Bcb Community Bank 2000 Morris Avenue Union, NJ 7083 Full Service B&M $84,574
    Bcb Community Bank 211 Washington Street Jersey City, NJ 7302 Full Service B&M $110,025
    Bcb Community Bank 356 New Dorp Lane Staten Island, NY 10306 Full Service B&M $52,009
    Bcb Community Bank 378 Amboy Ave. Woodbridge, NJ 7095 Full Service B&M $101,774
    Bcb Community Bank 401 Washington St Hoboken, NJ 7030 Full Service B&M $208,967
    Bcb Community Bank 473 Spotswood/Englishtown Rd Monroe Township, NJ 8831 Full Service B&M $136,686
    Bcb Community Bank 508 Broadway Bayonne, NJ 7002 Full Service B&M $108,490
    Bcb Community Bank 611 Avenue C Bayonne, NJ 7002 Full Service B&M $160,646
    Bcb Community Bank 626 Laurel Avenue Holmdel, NJ 7733 Full Service B&M $61,798
    Bcb Community Bank 70 Broadway Hicksville, NY 11801 Full Service Retail $30,003
    Bcb Community Bank 734 Ridge Road Lyndhurst, NJ 7071 Full Service B&M $67,880
    Bcb Community Bank 781 Newark Avenue Jersey City, NJ 7306 Full Service B&M $46,672
    Bcb Community Bank 801 Roosevelt Avenue Carteret, NJ 7008 Full Service B&M $15,211
    Bcb Community Bank 860 Broadway Bayonne, NJ 7002 Full Service B&M $322,825
    Bcb Community Bank 876 Kinderkamack Road River Edge, NJ 7661 Full Service B&M $12,514
    Bcb Community Bank 987 Broadway Bayonne, NJ 7002 Full Service B&M $27,477

    For 2020, Bcb Community Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $114,176
    Net interest income $83,414
    Total noninterest income $8,985
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,020
    Trading account gains and fees $0
    Additional Noninterest Income $6,965
    Pre-tax net operating income $29,212
    Securities gains (or losses, -) $2,754
    Income before extraordinary items $22,635
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,635
    Minority interest net income $0
    Net income $22,635
    Sale, conversion, retirement of capital stock, net $1,195
    Net operating income $20,459

    Bcb Community Bank's gross interest income from loans was $114,176,000.
    Bcb Community Bank's net interest income from loans was $83,414,000.
    Bcb Community Bank's fee based income from loans was $2,020,000.
    Bcb Community Bank's net income from loans was $22,635,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $30,762
    Provision for credit losses $9,441
    Total noninterest expense $53,746
    Salaries and employee benefits $25,916
    Premises and equipment expense $11,748
    Additional noninterest expense $16,082
    Applicable income taxes $9,331
    Net charge-offs $-464
    Cash dividends $17,327

    Bcb Community Bank's interest expense for loans was $30,762,000.
    Bcb Community Bank's payroll and benefits expense were $25,916,000.
    Bcb Community Bank's property, plant and equipment expenses $11,748,000.

    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 1.0%
    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 $2,318,787
    Deposits held in domestic offices $2,318,787
    Deposits by Individuals, partnerships, and corporations $1,922,050
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $379,546
    Deposits by Commercial banks and other depository institutions in U.S. $17,191
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $180,571
    Demand deposits $92,408
    Nontransaction accounts $2,138,216
    Money market deposit accounts (MMDAs) $315,208
    Other savings deposits (excluding MMDAs) $1,133,913
    Total time deposits $689,095
    Total time and savings deposits $2,226,379
    Noninterest-bearing deposits $402,837
    Interest-bearing deposits $1,915,950
    Retail deposits $1,995,883
    IRAs and Keogh plan accounts $72,313
    Brokered deposits $20,002
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,821,981
    Cash & Balances due from depository institutions $260,741
    Interest-bearing balances $238,539
    Total securities $117,473
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,298,551
    Loan and leases loss allowance $33,639
    Trading account assets $0
    Bank premises and fixed assets $30,260
    Other real estate owned $414
    Goodwill and other intangibles $7,865
    All other assets $106,677

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,821,981
    Total Liabilities $2,537,015
    Total deposits $2,318,787
    Interest-bearing deposits $1,915,950
    Deposits held in domestic offices $2,318,787
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $193,800
    Subordinated debt $0
    All other liabilities $24,428

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,298,551
    Loan and leases loss allowance $33,639
    Total loans and leases (domestic) $2,332,190
    All real estate loans $2,206,063
    Real estate loans in domestic offices $2,206,063
    Construction and development loans $189,999
    Residential 1-4 family construction $12,738
    Other construction, all land development and other land $177,261
    Loans secured by nonfarm nonresidential properties $1,120,816
    Nonfarm nonresidential secured by owner-occupied properties $389,519
    Commercial real estate & other non-farm, non-residential $731,297
    Multifamily residential real estate $334,886
    1-4 family residential loans $560,362
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $124,502
    To non-U.S. addressees $0
    Loans to individuals $1,292
    Credit card loans $0
    Related Plans $786
    Consumer Auto Loans $0
    Other loans to individuals $506
    All other loans & leases $333
    Loans to foreign governments and official institutions $0
    Other loans $333
    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 $13,753
    Non 1-4 family restructured loans & leases $6,736
    Total loans and leases (foreign) $0

    BCB Community Bank had $2,298,551,000 of loans outstanding in 2020. $2,206,063,000 of loans were in real estate loans. $189,999,000 of loans were in development loans. $334,886,000 of loans were in multifamily mortgage loans. $560,362,000 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 577 $236,221 $409,395
    Nonfarm, nonresidential loans - <$100k 18 $929 $51,611
    Nonfarm, nonresidential loans - $100-250k 101 $14,585 $144,406
    Nonfarm, nonresidential loans - $250k-1MM 458 $220,707 $481,893
    Commercial & Industrial, US addressed loans - <$1MM 302 $52,693 $174,480
    Commercial & Industrial, US addressed loans - <$100k 91 $3,193 $35,088
    Commercial & Industrial, US addressed loans - $100-250k 89 $10,366 $116,472
    Commercial & Industrial, US addressed loans - $250k-1MM 122 $39,134 $320,770