Bcb Community Bank Mortgage Rates, Fees & Info

Bayonne, NJ

LEI: 549300RUVVJLHQM71O74

Tax ID: 22-3760320

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 Refi and Home Purchase 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, Bridgeport, Providence, Miami, and Trenton 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    311

    Origination Dollar Volume (All Markets)

    $168,855,000

    Employee count

    292

    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) 297 $162,175,000 $546,044 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Outside of Metro Areas 2 $340,000 $170,000 $0 0.00%
    Bcb Community Bank's top markets include New York, Bridgeport, Providence, Miami, and Trenton among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Connecticut (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 309 $167,955,000 $543,544 $0 0.00%
    FHA 2 $900,000 $450,000 $0 0.00%

    For 2021, Bcb Community Bank's most frequently originated type of loan was Conventional, with 309 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 153 $102,335,000 $668,856 $0 0.00%
    Home Purchase 108 $58,460,000 $541,296 $0 0.00%
    Home Improvement 32 $4,570,000 $142,813 $0 0.00%
    Other 18 $3,490,000 $193,889 $0 0.00%

    For 2021, Bcb Community Bank's most frequently cited loan purpose was Refi, with 153 originations. The 2nd most popular reason was Home Purchase, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 311 $168,855,000 $542,942 $0 0.00%

    For 2021, Bcb Community Bank's most frequently cited loan duration was Other, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 99 $28,365,000 $286,515 $0 0.00%
    $400k-600k 68 $33,020,000 $485,588 $0 0.00%
    $600k-1MM 40 $30,300,000 $757,500 $0 0.00%
    $100k-200k 38 $5,450,000 $143,421 $0 0.00%
    $1MM+ 35 $70,015,000 $2,000,429 $0 0.00%
    $100,000 or less 31 $1,705,000 $55,000 $0 0.00%

    2021 saw Bcb Community Bank place emphasis on $200k-400k loans with 99 originations, totaling $28,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 77 $31,445,000 $408,377 $0 0.00%
    $100k-150k 50 $13,700,000 $274,000 $0 0.00%
    $250k+ 47 $29,575,000 $629,255 $0 0.00%
    $75k-100k 30 $7,800,000 $260,000 $0 0.00%
    $50k-75k 20 $3,990,000 $199,500 $0 0.00%
    $50k or less 14 $2,560,000 $182,857 $0 0.00%

    Bcb Community Bank lent most frequently to those with incomes in the $150k-250k range, with 77 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 311 $168,855,000 $542,942 $0 0.00%

    Bcb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 311 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 73 $79,785,000 $1,092,945 $0 0.00%
    White 208 $78,690,000 $378,317 $0 0.00%
    Asian 16 $6,150,000 $384,375 $0 0.00%
    Asian Indian 1 $1,205,000 $1,205,000 $0 0.00%
    Not provided 8 $1,200,000 $150,000 $0 0.00%
    American Indian 2 $1,060,000 $530,000 $0 0.00%
    Black 3 $765,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.93%

    Bcb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.17%

    Bcb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 311 $168,855,000 $542,942

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $168,855,000 $542,942

    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 $37,825
    Bcb Community Bank 104-110 Avenue C Bayonne, NJ 7002 Full Service B&M $169,035
    Bcb Community Bank 1100 Washington Street Hoboken, NJ 7030 Full Service B&M $4,106
    Bcb Community Bank 112 Talmadge Road Edison, NJ 8817 Full Service B&M $25,984
    Bcb Community Bank 1452 Route 46 Parsippany, NJ 7054 Full Service B&M $20,771
    Bcb Community Bank 1500 Forest Avenue Staten Island, NY 10302 Full Service B&M $54,256
    Bcb Community Bank 160 Maplewood Avenue Maplewood, NJ 7040 Full Service B&M $34,755
    Bcb Community Bank 1630 Oak Tree Road Edison, NJ 8820 Full Service B&M $115,891
    Bcb Community Bank 165 Passaic Avenue Fairfield, NJ 7004 Full Service B&M $73,987
    Bcb Community Bank 181 Avenue A Bayonne, NJ 7002 Full Service B&M $17,850
    Bcb Community Bank 190 Park Avenue Rutherford, NJ 7070 Full Service B&M $233,846
    Bcb Community Bank 200 Valley Street South Orange, NJ 7079 Full Service B&M $50,710
    Bcb Community Bank 2000 Morris Avenue Union, NJ 7083 Full Service B&M $102,844
    Bcb Community Bank 211 Washington Street Jersey City, NJ 7302 Full Service B&M $106,362
    Bcb Community Bank 269 Ferry St Newark, NJ 7105 Full Service B&M $2,897
    Bcb Community Bank 356 New Dorp Lane Staten Island, NY 10306 Full Service B&M $58,771
    Bcb Community Bank 378 Amboy Ave. Woodbridge, NJ 7095 Full Service B&M $107,705
    Bcb Community Bank 401 Washington St Hoboken, NJ 7030 Full Service B&M $153,101
    Bcb Community Bank 473 Spotswood/Englishtown Rd Monroe Township, NJ 8831 Full Service B&M $143,643
    Bcb Community Bank 508 Broadway Bayonne, NJ 7002 Full Service B&M $110,146
    Bcb Community Bank 611 Avenue C Bayonne, NJ 7002 Full Service B&M $178,332
    Bcb Community Bank 626 Laurel Avenue Holmdel, NJ 7733 Full Service B&M $83,831
    Bcb Community Bank 70 Broadway Hicksville, NY 11801 Full Service Retail $34,939
    Bcb Community Bank 734 Ridge Road Lyndhurst, NJ 7071 Full Service B&M $66,877
    Bcb Community Bank 781 Newark Avenue Jersey City, NJ 7306 Full Service B&M $41,899
    Bcb Community Bank 801 Roosevelt Avenue Carteret, NJ 7008 Full Service B&M $17,311
    Bcb Community Bank 860 Broadway Bayonne, NJ 7002 Full Service B&M $350,692
    Bcb Community Bank 876 Kinderkamack Road River Edge, NJ 7661 Full Service B&M $21,167
    Bcb Community Bank 987 Broadway Bayonne, NJ 7002 Full Service B&M $27,085

    For 2021, Bcb Community Bank had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $113,339
    Net interest income $100,390
    Total noninterest income $7,782
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,527
    Trading account gains and fees $0
    Additional Noninterest Income $5,255
    Pre-tax net operating income $50,694
    Securities gains (or losses, -) $147
    Income before extraordinary items $36,046
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $36,046
    Minority interest net income $0
    Net income $36,046
    Sale, conversion, retirement of capital stock, net $418
    Net operating income $35,929

    Bcb Community Bank's gross interest income from loans was $113,339,000.
    Bcb Community Bank's net interest income from loans was $100,390,000.
    Bcb Community Bank's fee based income from loans was $2,527,000.
    Bcb Community Bank's net income from loans was $36,046,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,949
    Provision for credit losses $3,855
    Total noninterest expense $53,623
    Salaries and employee benefits $26,410
    Premises and equipment expense $11,360
    Additional noninterest expense $15,853
    Applicable income taxes $14,795
    Net charge-offs $375
    Cash dividends $15,885

    Bcb Community Bank's interest expense for loans was $12,949,000.
    Bcb Community Bank's payroll and benefits expense were $26,410,000.
    Bcb Community Bank's property, plant and equipment expenses $11,360,000.

    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 3.0%
    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 $2,565,139
    Deposits held in domestic offices $2,565,139
    Deposits by Individuals, partnerships, and corporations $2,203,408
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $346,765
    Deposits by Commercial banks and other depository institutions in U.S. $14,966
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,243,422
    Demand deposits $577,903
    Nontransaction accounts $1,321,717
    Money market deposit accounts (MMDAs) $337,126
    Other savings deposits (excluding MMDAs) $346,510
    Total time deposits $638,081
    Total time and savings deposits $1,987,236
    Noninterest-bearing deposits $591,944
    Interest-bearing deposits $1,973,195
    Retail deposits $2,290,176
    IRAs and Keogh plan accounts $64,191
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,966,215
    Cash & Balances due from depository institutions $412,064
    Interest-bearing balances $402,533
    Total securities $110,373
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,305,894
    Loan and leases loss allowance $37,119
    Trading account assets $0
    Bank premises and fixed assets $24,694
    Other real estate owned $75
    Goodwill and other intangibles $7,252
    All other assets $105,863

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,966,215
    Total Liabilities $2,659,050
    Total deposits $2,565,139
    Interest-bearing deposits $1,973,195
    Deposits held in domestic offices $2,565,139
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $71,711
    Subordinated debt $0
    All other liabilities $22,200

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,305,894
    Loan and leases loss allowance $37,119
    Total loans and leases (domestic) $2,343,013
    All real estate loans $2,205,202
    Real estate loans in domestic offices $2,205,202
    Construction and development loans $188,979
    Residential 1-4 family construction $17,712
    Other construction, all land development and other land $171,267
    Loans secured by nonfarm nonresidential properties $1,178,478
    Nonfarm nonresidential secured by owner-occupied properties $416,085
    Commercial real estate & other non-farm, non-residential $762,393
    Multifamily residential real estate $282,062
    1-4 family residential loans $555,683
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $134,031
    To non-U.S. addressees $0
    Loans to individuals $2,395
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $14
    Other loans to individuals $2,361
    All other loans & leases $1,385
    Loans to foreign governments and official institutions $0
    Other loans $1,385
    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 $12,077
    Non 1-4 family restructured loans & leases $6,078
    Total loans and leases (foreign) $0

    BCB Community Bank had $2,305,894,000 of loans outstanding in 2021. $2,205,202,000 of loans were in real estate loans. $188,979,000 of loans were in development loans. $282,062,000 of loans were in multifamily mortgage loans. $555,683,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $14,000 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 511 $194,075 $379,795
    Nonfarm, nonresidential loans - <$100k 14 $683 $48,786
    Nonfarm, nonresidential loans - $100-250k 88 $12,671 $143,989
    Nonfarm, nonresidential loans - $250k-1MM 409 $180,721 $441,861
    Commercial & Industrial, US addressed loans - <$1MM 312 $44,988 $144,192
    Commercial & Industrial, US addressed loans - <$100k 90 $1,890 $21,000
    Commercial & Industrial, US addressed loans - $100-250k 98 $9,477 $96,704
    Commercial & Industrial, US addressed loans - $250k-1MM 124 $33,621 $271,137