Central National Bank Mortgage Rates, Fees & Info

Junction City, KS

LEI: 254900L3UJN7196A5W71

Tax ID: 48-1174053

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Central National Bank is a smaller bank specializing in Home Purchase and Refi loans. Central National 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 include Omaha, Kansas City, Manhattan, Topeka, and Wichita among others. Central National Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Central National Bank is typically a low fee lendor.


Originations

974

Origination Dollar Volume (All Markets)

$185,330,000

Employee count

275 Show all (20) awards

Relative Rate

Central National Bank's average 30 year fixed rate mortgage of loans were 2.97%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.18%.

Relative Fees

Central National Bank's average total fees for a 30 year fixed rate mortgage are $2,166.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 123 $29,565,000 $240,366 $1,635 2.83%
KANSAS CITY, MO-KS (FHA|USDA|VA) 129 $28,195,000 $218,566 $1,767 2.84%
MANHATTAN, KS (FHA|USDA|VA) 146 $26,870,000 $184,041 $2,207 3.04%
Outside of Metro Areas 154 $20,910,000 $135,779 $2,039 2.90%
TOPEKA, KS (FHA|USDA|VA) 122 $20,780,000 $170,328 $2,248 2.80%
WICHITA, KS (FHA|USDA|VA) 82 $20,690,000 $252,317 $2,038 3.18%
LAWRENCE, KS (FHA|USDA|VA) 48 $10,410,000 $216,875 $1,559 2.91%
Salina, KS (FHA|USDA|VA) 53 $9,095,000 $171,604 $2,034 3.37%
North Platte, NE (FHA|USDA|VA) 15 $2,325,000 $155,000 $2,044 2.59%
LINCOLN, NE (FHA|USDA|VA) 10 $2,100,000 $210,000 $1,748 2.94%
Great Bend, KS (FHA|USDA|VA) 9 $1,735,000 $192,778 $1,914 2.98%
Norfolk, NE (FHA|USDA|VA) 12 $1,730,000 $144,167 $2,131 2.68%
Ottawa, KS (FHA|USDA|VA) 8 $1,610,000 $201,250 $1,287 2.88%
SPRINGFIELD, MO (FHA|USDA|VA) 10 $1,130,000 $113,000 $1,760 2.79%
Kearney, NE (FHA|USDA|VA) 6 $1,100,000 $183,333 $1,479 2.48%
GRAND ISLAND, NE (FHA|USDA|VA) 6 $920,000 $153,333 $2,003 2.67%
Hays, KS (FHA|USDA|VA) 7 $895,000 $127,857 $1,216 3.54%
COLUMBIA, MO (FHA|USDA|VA) 5 $625,000 $125,000 $1,535 3.05%
Fremont, NE (FHA|USDA|VA) 3 $615,000 $205,000 $1,452 3.04%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $585,000 $585,000 $0 3.99%
McPherson, KS (FHA|USDA|VA) 4 $510,000 $127,500 $1,877 2.72%
Hastings, NE (FHA|USDA|VA) 3 $455,000 $151,667 $1,658 2.75%
Moberly, MO (FHA|USDA|VA) 3 $455,000 $151,667 $1,769 2.63%
Lexington, NE (FHA|USDA|VA) 3 $425,000 $141,667 $1,764 3.13%
Beatrice, NE (FHA|USDA|VA) 1 $285,000 $285,000 $1,766 2.63%
Lebanon, MO (FHA|USDA|VA) 2 $210,000 $105,000 $1,939 2.69%
Sedalia, MO (FHA|USDA|VA) 1 $185,000 $185,000 $1,773 2.88%
Columbus, NE (FHA|USDA|VA) 2 $180,000 $90,000 $1,925 2.88%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $180,000 $90,000 $1,721 2.88%
Dodge City, KS (FHA|USDA|VA) 1 $175,000 $175,000 $6,544 2.75%
Coffeyville, KS (FHA|USDA|VA) 1 $155,000 $155,000 $1,296 2.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $125,000 $125,000 $1,344 2.25%
JOPLIN, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,048 2.75%

Central National Bank's top markets include Omaha, Kansas City, Manhattan, Topeka, and Wichita among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 878 $165,430,000 $188,417 $1,650 2.95%
VA 51 $12,225,000 $239,706 $4,529 2.73%
FHA 45 $7,675,000 $170,556 $4,045 2.83%

For the 2021 period, Central National Bank's most frequently originated loan type of loans were Conventional, with 878 originations. Their 2nd most popular type is VA, with 51 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 423 $87,885,000 $207,766 $1,990 3.08%
Refi 338 $61,720,000 $182,604 $1,612 2.78%
Cash Out Refi 201 $34,065,000 $169,478 $2,368 2.84%
Other 7 $1,065,000 $152,143 $2,328 2.98%
Home Improvement 5 $595,000 $119,000 $0 4.22%

For the 2021, Central National Bank's most frequently cited loan purpose of loans were Home Purchase, with 423 originations. The 2nd most popular reason of loans were Refi, with 338 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 502 $102,360,000 $203,904 $2,166 2.97%
15 Year 309 $46,625,000 $150,890 $1,652 2.53%
20 Year 136 $27,140,000 $199,559 $1,664 3.42%
Other 14 $7,770,000 $555,000 $2,392 4.29%
1 Year 5 $575,000 $115,000 $0 4.55%
5 Year 5 $365,000 $73,000 $0 4.34%
10 Year 2 $370,000 $185,000 $0 4.66%
3 Year 1 $125,000 $125,000 $0 4.42%

For the 2021, Central National Bank's most frequently cited loan length of loans were 30 Year, with 502 originations. The 2nd most popular length of loans were 15 Year, with 309 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 732 $132,030,000 $180,369
$1k-2k 86 $17,040,000 $198,140
$3k-4k 15 $4,015,000 $267,667
$2k-3k 14 $3,260,000 $232,857
$5k+ 3 $1,095,000 $365,000

$2,166 of loans were Central National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 732 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 463 $91,575,000 $197,786
<2.5% 247 $39,625,000 $160,425
3-4% 200 $42,890,000 $214,450
4-5% 60 $10,890,000 $181,500
5-6% 4 $350,000 $87,500

During 2021, Central National Bank's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 463 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 433 $63,635,000 $146,963 $1,845 2.90%
$200k-400k 288 $77,150,000 $267,882 $2,133 2.87%
$100,000 or less 207 $14,695,000 $70,990 $1,525 3.03%
$400k-600k 36 $16,910,000 $469,722 $3,662 3.01%
$600k-1MM 6 $4,820,000 $803,333 $0 4.12%
$1MM+ 4 $8,120,000 $2,030,000 $0 3.97%

2021 saw Central National Bank place emphasis on $100k-200k loans with 433 originations, totaling $63,635,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 228 $32,930,000 $144,430 $1,878 2.84%
$75k-100k 198 $35,410,000 $178,838 $2,009 2.89%
$100k-150k 197 $42,945,000 $217,995 $2,081 2.82%
$50k or less 153 $16,765,000 $109,575 $1,600 2.88%
$150k-250k 115 $30,055,000 $261,348 $2,104 2.80%
$250k+ 13 $4,085,000 $314,231 $2,224 3.26%

Central National Bank lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $75k-100k, with 198 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 287 $51,145,000 $178,206 $1,833 2.77%
30-36% 145 $27,585,000 $190,241 $1,900 2.81%
<20% 128 $20,260,000 $158,281 $1,744 2.72%
37% 37 $7,115,000 $192,297 $1,985 2.87%
39% 29 $5,795,000 $199,828 $1,791 2.83%
38% 29 $5,385,000 $185,690 $1,872 2.85%
43% 26 $5,210,000 $200,385 $2,294 2.82%
42% 24 $4,590,000 $191,250 $2,421 2.91%
40% 21 $3,605,000 $171,667 $2,516 2.85%
47% 20 $3,750,000 $187,500 $1,608 2.72%
36% 20 $3,730,000 $186,500 $2,117 2.89%
41% 19 $3,015,000 $158,684 $1,982 2.75%
45% 17 $3,735,000 $219,706 $2,768 2.80%
50-60% 16 $3,060,000 $191,250 $2,584 2.75%
44% 15 $2,625,000 $175,000 $1,822 2.91%
46% 14 $2,700,000 $192,857 $2,233 2.88%
48% 12 $3,320,000 $276,667 $1,963 2.88%
49% 10 $1,450,000 $145,000 $2,126 2.79%

Central National Bank lent most frequently to those with DTI ratios of 20-30%, with 287 originations. The next most common DTI ratio? 30-36%, with 145 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 849 $149,125,000 $175,648 $1,938 2.86%
Not applicable 52 $19,600,000 $376,923 $0 4.15%
Black 28 $6,050,000 $216,071 $2,417 2.66%
Asian 15 $3,685,000 $245,667 $1,626 3.27%
Not provided 12 $2,940,000 $245,000 $2,330 2.63%
Asian Indian 4 $1,250,000 $312,500 $1,350 3.14%
American Indian 3 $675,000 $225,000 $2,839 3.00%
Other Asian 3 $625,000 $208,333 $754 3.13%
Native Hawaiian 2 $380,000 $190,000 $1,226 3.38%
Other Pacific Islander 1 $345,000 $345,000 $870 2.88%
Chinese 1 $245,000 $245,000 $635 2.13%
Vietnamese 2 $170,000 $85,000 $1,276 2.81%
Native Hawiian 1 $145,000 $145,000 $0 4.50%
Korean 1 $95,000 $95,000 $500 2.88%

Approval Rates

Total approvals of all applications
90.06%

Central National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
88.46%

Central National Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 974 $185,330,000 $190,277

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
974 $185,330,000 $190,277

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $8,795,000 $154,298 $1,688 2.88%
40-60% 173 $26,685,000 $154,249 $1,545 2.80%
60-80% 386 $78,810,000 $204,171 $1,809 3.02%
80-100% 330 $65,840,000 $199,515 $2,129 2.91%
Over 100% 9 $1,975,000 $219,444 $7,377 2.68%
Under 20% 10 $1,170,000 $117,000 $1,638 3.65%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Central Mortgage Funding, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Central National Bank 1555 East Santa Fe Street Gardner, KS 66030 Full Service B&M $11,230
Central National Bank 100 Rimrock Junction City, KS 66441 Limited, Administrative $0
Central National Bank 101 East Bluemont Avenue Manhattan, KS 66502 Full Service Retail $7,932
Central National Bank 101 North Main Street Halstead, KS 67056 Full Service B&M $22,660
Central National Bank 101 South Broadway Herington, KS 67449 Full Service B&M $47,502
Central National Bank 1010 Lincoln Avenue Wamego, KS 66547 Full Service B&M $131
Central National Bank 116 West 8th Street Junction City, KS 66441 Limited, Drive-thru $0
Central National Bank 120 East Main Beloit, KS 67420 Full Service B&M $25,422
Central National Bank 130 East Seventh Street Concordia, KS 66901 Full Service B&M $87,475
Central National Bank 1403 College Avenue Manhattan, KS 66502 Full Service B&M $37,525
Central National Bank 1501 Sw Wanamaker Road Topeka, KS 66604 Full Service B&M $2,636
Central National Bank 454 South Ohio Salina, KS 67401 Full Service B&M $41,582
Central National Bank 4838 West Central Wichita, KS 67212 Full Service B&M $44,329
Central National Bank 521 East Chestnut Street Junction City, KS 66441 Full Service Retail $7,757
Central National Bank 540 West 6th Street Junction City, KS 66441 Full Service B&M $6,013
Central National Bank 603 West 9th Street Lawrence, KS 66044 Full Service B&M $16,104
Central National Bank 626 North Main Newton, KS 67114 Full Service B&M $25,435
Central National Bank 711 East Lincoln Hesston, KS 67062 Full Service B&M $19,085
Central National Bank 711 Wakarusa Lawrence, KS 66047 Full Service B&M $39,964
Central National Bank 800 Quincy Topeka, KS 66601 Full Service B&M $34,799
Central National Bank 800 Se Quincy Topeka, KS 66612 Full Service Cyber Office $3,250
Central National Bank 802 North Washington Street Junction City, KS 66441 Full Service B&M $260,206
Central National Bank 1801 W. Ash Street Junction City, KS 66441 Full Service B&M $13,156
Central National Bank 1916 N. Main Street Great Bend, KS 67530 Full Service B&M $7,901
Central National Bank 201 South Fourth Street Burlington, KS 66839 Full Service B&M $39,830
Central National Bank 206 North Main Hillsboro, KS 67063 Full Service B&M $47,191
Central National Bank 208 East South Mankato, KS 66956 Full Service B&M $33,273
Central National Bank 231 East Main Marion, KS 66861 Full Service B&M $68,833
Central National Bank 2604 General Hays Rd, Ste B Hays, KS 67601 Full Service B&M $5,470
Central National Bank 2900 South 9th Salina, KS 67402 Full Service Retail $6,896
Central National Bank 3300 Iowa St. P.O. Box 4404 Lawrence, KS 66046 Full Service B&M $12,300
Central National Bank 3503 10th Street Great Bend, KS 67530 Full Service B&M $3,593
Central National Bank 411 N National Ave, Mortgage Department Superior, NE 68978 Limited, Administrative $0
Central National Bank 411 North National Street Superior, NE 68978 Full Service B&M $76,515

For 2021, Central National Bank had 34 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $39,217
Net interest income $37,488
Total noninterest income $24,357
Gross Fiduciary activities income $3,598
Service charges on deposit accounts $4,329
Trading account gains and fees $0
Additional Noninterest Income $16,430
Pre-tax net operating income $18,917
Securities gains (or losses, -) $7
Income before extraordinary items $15,082
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,082
Minority interest net income $0
Net income $15,082
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,076

Central National Bank's gross interest income from loans was $39,217,000.
Central National Bank's net interest income from loans was $37,488,000.
Central National Bank's fee based income from loans was $4,329,000.
Central National Bank's net income from loans was $15,082,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,729
Provision for credit losses $2,750
Total noninterest expense $40,178
Salaries and employee benefits $23,918
Premises and equipment expense $4,771
Additional noninterest expense $11,489
Applicable income taxes $3,842
Net charge-offs $2,442
Cash dividends $8,000

Central National Bank's interest expense for loans was $1,729,000.
Central National Bank's payroll and benefits expense were $23,918,000.
Central National Bank's property, plant and equipment expenses $4,771,000.

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 0.0%
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 $1,117,528
Deposits held in domestic offices $1,117,528
Deposits by Individuals, partnerships, and corporations $893,892
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $223,636
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $431,254
Demand deposits $370,137
Nontransaction accounts $686,274
Money market deposit accounts (MMDAs) $159,735
Other savings deposits (excluding MMDAs) $377,918
Total time deposits $148,620
Total time and savings deposits $747,391
Noninterest-bearing deposits $310,502
Interest-bearing deposits $807,025
Retail deposits $1,079,292
IRAs and Keogh plan accounts $18,288
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,266,449
Cash & Balances due from depository institutions $99,807
Interest-bearing balances $83,948
Total securities $508,136
Federal funds sold & reverse repurchase $0
Net loans and leases $588,760
Loan and leases loss allowance $13,171
Trading account assets $0
Bank premises and fixed assets $11,999
Other real estate owned $0
Goodwill and other intangibles $8,914
All other assets $48,833

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,266,449
Total Liabilities $1,138,544
Total deposits $1,117,528
Interest-bearing deposits $807,025
Deposits held in domestic offices $1,117,528
% insured (estimated) $63
Federal funds purchased and repurchase agreements $19,184
Trading liabilities $0
Other borrowed funds $383
Subordinated debt $0
All other liabilities $1,449

Issued Loan Types

Type Value (in 000's)
Net loans and leases $588,760
Loan and leases loss allowance $13,171
Total loans and leases (domestic) $601,931
All real estate loans $440,424
Real estate loans in domestic offices $440,424
Construction and development loans $45,349
Residential 1-4 family construction $673
Other construction, all land development and other land $44,676
Loans secured by nonfarm nonresidential properties $215,039
Nonfarm nonresidential secured by owner-occupied properties $99,185
Commercial real estate & other non-farm, non-residential $115,854
Multifamily residential real estate $16,198
1-4 family residential loans $66,459
Farmland loans $97,379
Loans held in foreign offices $0
Farm loans $70,380
Commercial and industrial loans $58,570
To non-U.S. addressees $0
Loans to individuals $18,494
Credit card loans $0
Related Plans $1,400
Consumer Auto Loans $9,805
Other loans to individuals $7,289
All other loans & leases $15,760
Loans to foreign governments and official institutions $0
Other loans $3,416
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $397
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,402
Non 1-4 family restructured loans & leases $1,153
Total loans and leases (foreign) $0

Central National Bank had $588,760,000 of loans outstanding in 2021. $440,424,000 of loans were in real estate loans. $45,349,000 of loans were in development loans. $16,198,000 of loans were in multifamily mortgage loans. $66,459,000 of loans were in 1-4 family mortgage loans. $70,380,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,805,000 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 266 $59,308 $222,962
Nonfarm, nonresidential loans - <$100k 72 $2,683 $37,264
Nonfarm, nonresidential loans - $100-250k 73 $8,108 $111,068
Nonfarm, nonresidential loans - $250k-1MM 121 $48,517 $400,967
Commercial & Industrial, US addressed loans - <$1MM 311 $23,713 $76,248
Commercial & Industrial, US addressed loans - <$100k 200 $4,554 $22,770
Commercial & Industrial, US addressed loans - $100-250k 63 $6,031 $95,730
Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,128 $273,500
Farmland loans - <$1MM 261 $37,621 $144,142
Farmland loans - <$100k 76 $3,251 $42,776
Farmland loans - $100-250k 109 $13,524 $124,073
Farmland loans - $250k-1MM 76 $20,846 $274,289
Agriculture operations loans - <$1MM 375 $25,912 $69,099
Agriculture operations loans - <$100k 203 $4,787 $23,581
Agriculture operations loans - $100-250k 118 $10,856 $92,000
Agriculture operations loans - $250k-1MM 54 $10,269 $190,167