First Community Bank Review

Overview

First Community Bank was founded in 1983 with headquarters in Corpus Christi, Texas. First Community Bank owns assets of $445 million along with deposits totaling $399 million, making it a medium-size bank. First Community Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.4 out of 5 stars, First Community Bank should be more closely inspected to see if its services match your needs. First Community Bank provides customers with a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best option for returning the most income on your deposits alongside convenient access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

First Community Bank features a savings rate of 0.10%, which is fair in comparison to other U.S. banks. Its one-year CD has a rate of 1.00%, while its highest-yielding money market account earns at a rate of 0.20%. Given First Community Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How First Community Bank's Savings Rates Compare

There is insufficient data on First Community Bank's fees to provide a full SmartAsset rating.

First Community Bank is a brick-and-mortar bank, with 12 total bank locations in Texas. With mobile and web apps, First Community Bank makes account access straightforward, even on the go. First Community Bank's mobile app allows you to manage your bank accounts by checking monthly statements, transferring money and reaching customer service. First Community Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

First Community Bank is currently a medium-size bank with $445 million in assets as well as deposits totaling $399 million. First Community Bank has a strong Texas Ratio of 13.14%, signifying a small opportunity of failure. Additionally, First Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

First Community Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First Community Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Community Bank's CD rates are fair in comparison to the average U.S. bank.

Find a First Community Bank Near Me

First Community Bank has 12 branches across the U.S.