The City National Bank Of Sulphur Springs Mortgage Rates, Fees & Info

Sulphur Springs, TX

LEI: 254900M1AHTCIYKM7V90

Tax ID: 75-0191733

4.8 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The City National Bank Of Sulphur Springs is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The City National Bank Of Sulphur Springs has a high proportion of conventional loans. Their top markets include Sulphur Springs, Dallas, Jacksonville, Longview, and Mount Pleasant among others. The City National Bank Of Sulphur Springs 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. The City National Bank Of Sulphur Springs is typically a low fee lendor.


Originations

724

Origination Dollar Volume (All Markets)

$162,480,000

Employee count

261

Awards

The City National Bank of Sulphur Springs 30 Year Conventional Loans silver The City National Bank of Sulphur Springs 30 Year Conventional Loans gold The City National Bank of Sulphur Springs 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

The City National Bank Of Sulphur Springs's average 30 year fixed rate mortgage of loans were 3.73%.

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

This yields a difference of 0.58%.

Relative Fees

The City National Bank Of Sulphur Springs's average total fees for a 30 year fixed rate mortgage are $3,184.

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
Outside of Metro Areas 332 $67,510,000 $203,343 $3,008 4.01%
Sulphur Springs, TX (FHA|USDA|VA) 202 $39,210,000 $194,109 $2,906 3.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 79 $20,745,000 $262,595 $3,497 3.73%
Jacksonville, TX (FHA|USDA|VA) 2 $13,270,000 $6,635,000 $4,338 3.94%
LONGVIEW, TX (FHA|USDA|VA) 33 $4,435,000 $134,394 $3,003 4.45%
Mount Pleasant, TX (FHA|USDA|VA) 26 $4,080,000 $156,923 $3,096 4.10%
TYLER, TX (FHA|USDA|VA) 11 $2,845,000 $258,636 $2,779 3.57%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $2,620,000 $1,310,000 $0 4.63%
TEXARKANA, TX-AR (FHA|USDA|VA) 17 $2,595,000 $152,647 $3,376 4.80%
Athens, TX (FHA|USDA|VA) 5 $1,475,000 $295,000 $2,571 4.63%
Durango, CO (FHA|USDA|VA) 1 $585,000 $585,000 $0 4.50%
Bonham, TX (FHA|USDA|VA) 2 $470,000 $235,000 $2,841 4.19%
Durant, OK (FHA|USDA|VA) 1 $465,000 $465,000 $0 4.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,177 5.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $410,000 $205,000 $2,614 4.58%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $2,770 3.88%
Paris, TX (FHA|USDA|VA) 1 $265,000 $265,000 $2,874 4.25%
WACO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,102 3.25%
Nacogdoches, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,530 3.25%
JACKSON, MS (FHA|USDA|VA) 1 $125,000 $125,000 $1,973 2.75%
Beeville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,520 4.00%
ABILENE, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,268 2.88%

The City National Bank Of Sulphur Springs's top markets include Sulphur Springs, Dallas, Jacksonville, Longview, and Mount Pleasant among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 724 $162,480,000 $224,420 $3,032 4.01%

For the 2021 period, The City National Bank Of Sulphur Springs's most frequently originated loan type of loans were Conventional, with 724 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 366 $91,680,000 $250,492 $3,085 4.22%
Cash Out Refi 172 $37,160,000 $216,047 $3,316 4.04%
Refi 130 $27,540,000 $211,846 $2,682 3.13%
Home Improvement 39 $3,445,000 $88,333 $2,281 5.03%
Other 17 $2,655,000 $156,176 $3,287 3.78%

For the 2021, The City National Bank Of Sulphur Springs's most frequently cited loan purpose of loans were Home Purchase, with 366 originations. The 2nd most popular reason of loans were Cash Out Refi, with 172 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 348 $78,070,000 $224,339 $3,184 3.73%
15 Year 145 $21,355,000 $147,276 $3,010 3.72%
20 Year 110 $19,370,000 $176,091 $2,604 4.50%
Other 45 $13,085,000 $290,778 $2,502 4.78%
5 Year 28 $10,080,000 $360,000 $0 4.66%
10 Year 27 $3,345,000 $123,889 $2,183 4.35%
1 Year 16 $2,910,000 $181,875 $2,477 5.37%
30+ year 4 $13,590,000 $3,397,500 $2,687 4.57%
3 Year 1 $675,000 $675,000 $0 5.50%

For the 2021, The City National Bank Of Sulphur Springs's most frequently cited loan length of loans were 30 Year, with 348 originations. The 2nd most popular length of loans were 15 Year, with 145 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 509 $102,585,000 $201,542
$1k-2k 6 $990,000 $165,000
$3k-4k 6 $2,260,000 $376,667
$2k-3k 5 $1,165,000 $233,000
$5k+ 3 $1,375,000 $458,333

$3,184 of loans were The City National Bank Of Sulphur Springs's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 509 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 217 $60,915,000 $280,714
4-5% 205 $47,645,000 $232,415
2.5-3% 134 $28,720,000 $214,328
5-6% 72 $9,210,000 $127,917
<2.5% 57 $11,395,000 $199,912
6-7% 22 $2,590,000 $117,727
7-8% 11 $1,585,000 $144,091
Over 8% 6 $420,000 $70,000

During 2021, The City National Bank Of Sulphur Springs's average interest rate of loans were 3.73%, while their most frequently originated rate bucket of loans were 3-4%, with 217 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 255 $37,255,000 $146,098 $2,712 3.95%
$200k-400k 237 $64,625,000 $272,679 $3,347 3.64%
$100,000 or less 180 $12,140,000 $67,444 $2,354 4.68%
$400k-600k 40 $18,760,000 $469,000 $4,884 3.57%
$1MM+ 6 $25,610,000 $4,268,333 $4,658 4.32%
$600k-1MM 6 $4,090,000 $681,667 $6,534 4.53%

2021 saw The City National Bank Of Sulphur Springs place emphasis on $100k-200k loans with 255 originations, totaling $37,255,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 184 $40,460,000 $219,891 $3,059 3.84%
$150k-250k 131 $33,325,000 $254,389 $3,419 3.79%
$50k-75k 113 $15,285,000 $135,265 $2,634 4.11%
$75k-100k 109 $19,065,000 $174,908 $3,119 3.79%
$50k or less 71 $6,705,000 $94,437 $2,601 4.05%
$250k+ 54 $15,210,000 $281,667 $3,642 4.36%

The City National Bank Of Sulphur Springs lent most frequently to those with incomes in the $100k-150k range, with 184 originations. The second most popular income band? $150k-250k, with 131 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 164 $33,430,000 $203,841 $3,010 3.64%
30-36% 146 $30,080,000 $206,027 $3,064 3.79%
<20% 82 $14,110,000 $172,073 $2,768 3.69%
>60% 38 $6,970,000 $183,421 $2,812 5.20%
50-60% 24 $4,830,000 $201,250 $2,928 4.78%
38% 23 $3,595,000 $156,304 $2,851 3.95%
41% 22 $4,820,000 $219,091 $3,563 4.01%
44% 22 $4,250,000 $193,182 $3,005 4.09%
37% 20 $4,060,000 $203,000 $2,975 3.71%
36% 19 $3,645,000 $191,842 $3,410 3.80%
39% 18 $3,050,000 $169,444 $3,396 4.16%
42% 15 $2,305,000 $153,667 $2,539 3.93%
43% 14 $2,550,000 $182,143 $2,939 3.85%
45% 13 $2,575,000 $198,077 $2,706 4.56%
40% 12 $2,330,000 $194,167 $3,037 4.15%
48% 9 $1,745,000 $193,889 $2,489 4.44%
46% 9 $2,665,000 $296,111 $3,923 3.97%
49% 7 $1,255,000 $179,286 $3,034 4.50%
47% 6 $2,100,000 $350,000 $5,146 3.83%

The City National Bank Of Sulphur Springs lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? 30-36%, with 146 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 606 $118,060,000 $194,818 $3,004 3.94%
Not applicable 60 $32,160,000 $536,000 $0 4.89%
Not provided 42 $9,800,000 $233,333 $3,604 3.79%
American Indian 5 $1,105,000 $221,000 $3,076 3.25%
Black 8 $890,000 $111,250 $2,250 4.94%
Asian 2 $360,000 $180,000 $2,677 3.19%
Asian Indian 1 $105,000 $105,000 $0 4.50%

Approval Rates

Total approvals of all applications
93.24%

The City National Bank Of Sulphur Springs has an average approval rate.

Pick Rate

Approvals leading to origination
86.55%

The City National Bank Of Sulphur Springs has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 724 $162,480,000 $224,420

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
724 $162,480,000 $224,420

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 51 $6,055,000 $118,725 $2,788 4.06%
40-60% 177 $37,775,000 $213,418 $2,953 3.70%
60-80% 302 $83,680,000 $277,086 $3,139 4.01%
80-100% 175 $33,805,000 $193,171 $3,211 4.31%
Over 100% 1 $55,000 $55,000 $2,158 6.50%
Under 20% 18 $1,110,000 $61,667 $1,951 4.07%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The City National Bank of Sulphur Springs 1133 Mockingbird Lane Sulphur Springs, TX 75482 Full Service B&M $99,693
The City National Bank of Sulphur Springs 101 Us Highway 67 East Naples, TX 75568 Full Service B&M $45,333
The City National Bank of Sulphur Springs 875 W Dallas St Canton, TX 75103 Full Service B&M $61,350
The City National Bank of Sulphur Springs 895 E. Broadway Gladewater, TX 75647 Full Service B&M $12,736
The City National Bank of Sulphur Springs 120 North Main Street Yantis, TX 75497 Full Service B&M $68,678
The City National Bank of Sulphur Springs 200 N Pacific St Mineola, TX 75773 Full Service B&M $77,339
The City National Bank of Sulphur Springs 201 Connally St Sulphur Springs, TX 75482 Full Service B&M $217,388
The City National Bank of Sulphur Springs 205 Beaulah Street Hawkins, TX 75765 Full Service B&M $31,282
The City National Bank of Sulphur Springs 210 South Main St Winnsboro, TX 75494 Full Service B&M $72,946
The City National Bank of Sulphur Springs 220 E. Jefferson Street Pittsburg, TX 75686 Full Service B&M $4,652
The City National Bank of Sulphur Springs 2454 South Fm 2869 Hawkins, TX 75765 Full Service B&M $31,027
The City National Bank of Sulphur Springs 300 West Frank Street Grand Saline, TX 75140 Full Service B&M $35,854
The City National Bank of Sulphur Springs 401 Hwy 59 N Queen City, TX 75572 Full Service B&M $32,147
The City National Bank of Sulphur Springs 500 North Fourth Street Wills Point, TX 75169 Full Service B&M $110,327
The City National Bank of Sulphur Springs 501 E. Goode Street Quitman, TX 75783 Full Service B&M $44,759
The City National Bank of Sulphur Springs 700 East Lennon Drive Emory, TX 75440 Full Service B&M $22,248

For 2021, The City National Bank Of Sulphur Springs had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $40,376
Net interest income $38,287
Total noninterest income $12,374
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,226
Trading account gains and fees $0
Additional Noninterest Income $10,148
Pre-tax net operating income $18,790
Securities gains (or losses, -) $6
Income before extraordinary items $18,793
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $18,793
Minority interest net income $0
Net income $18,793
Sale, conversion, retirement of capital stock, net $0
Net operating income $18,787

The City National Bank Of Sulphur Springs's gross interest income from loans was $40,376,000.
The City National Bank Of Sulphur Springs's net interest income from loans was $38,287,000.
The City National Bank Of Sulphur Springs's fee based income from loans was $2,226,000.
The City National Bank Of Sulphur Springs's net income from loans was $18,793,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,089
Provision for credit losses $1,000
Total noninterest expense $30,871
Salaries and employee benefits $18,133
Premises and equipment expense $5,175
Additional noninterest expense $7,563
Applicable income taxes $3
Net charge-offs $305
Cash dividends $17,846

The City National Bank Of Sulphur Springs's interest expense for loans was $2,089,000.
The City National Bank Of Sulphur Springs's payroll and benefits expense were $18,133,000.
The City National Bank Of Sulphur Springs's property, plant and equipment expenses $5,175,000.

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 $1,023,091
Deposits held in domestic offices $1,023,091
Deposits by Individuals, partnerships, and corporations $927,615
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $95,465
Deposits by Commercial banks and other depository institutions in U.S. $11
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $643,389
Demand deposits $354,596
Nontransaction accounts $379,702
Money market deposit accounts (MMDAs) $59,179
Other savings deposits (excluding MMDAs) $140,713
Total time deposits $179,809
Total time and savings deposits $668,495
Noninterest-bearing deposits $354,596
Interest-bearing deposits $668,495
Retail deposits $984,905
IRAs and Keogh plan accounts $30,265
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,143,335
Cash & Balances due from depository institutions $54,013
Interest-bearing balances $32,946
Total securities $385,681
Federal funds sold & reverse repurchase $0
Net loans and leases $641,740
Loan and leases loss allowance $8,549
Trading account assets $0
Bank premises and fixed assets $18,761
Other real estate owned $271
Goodwill and other intangibles $13,399
All other assets $29,470

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,143,335
Total Liabilities $1,029,778
Total deposits $1,023,091
Interest-bearing deposits $668,495
Deposits held in domestic offices $1,023,091
% insured (estimated) $77
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $6,687

Issued Loan Types

Type Value (in 000's)
Net loans and leases $641,740
Loan and leases loss allowance $8,549
Total loans and leases (domestic) $650,289
All real estate loans $514,417
Real estate loans in domestic offices $514,417
Construction and development loans $54,664
Residential 1-4 family construction $34,469
Other construction, all land development and other land $20,195
Loans secured by nonfarm nonresidential properties $107,495
Nonfarm nonresidential secured by owner-occupied properties $28,074
Commercial real estate & other non-farm, non-residential $79,421
Multifamily residential real estate $13,059
1-4 family residential loans $252,920
Farmland loans $86,279
Loans held in foreign offices $0
Farm loans $30,347
Commercial and industrial loans $53,247
To non-U.S. addressees $0
Loans to individuals $50,925
Credit card loans $0
Related Plans $0
Consumer Auto Loans $21,409
Other loans to individuals $29,516
All other loans & leases $1,353
Loans to foreign governments and official institutions $0
Other loans $127
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 $764
Non 1-4 family restructured loans & leases $407
Total loans and leases (foreign) $0

The City National Bank of Sulphur Springs had $641,740,000 of loans outstanding in 2021. $514,417,000 of loans were in real estate loans. $54,664,000 of loans were in development loans. $13,059,000 of loans were in multifamily mortgage loans. $252,920,000 of loans were in 1-4 family mortgage loans. $30,347,000 of loans were in farm loans. $0 of loans were in credit card loans. $21,409,000 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 519 $68,370 $131,734
Nonfarm, nonresidential loans - <$100k 219 $9,562 $43,662
Nonfarm, nonresidential loans - $100-250k 198 $24,909 $125,803
Nonfarm, nonresidential loans - $250k-1MM 102 $33,899 $332,343
Commercial & Industrial, US addressed loans - <$1MM 1,511 $50,015 $33,101
Commercial & Industrial, US addressed loans - <$100k 1,343 $27,295 $20,324
Commercial & Industrial, US addressed loans - $100-250k 121 $11,872 $98,116
Commercial & Industrial, US addressed loans - $250k-1MM 47 $10,848 $230,809
Farmland loans - <$1MM 580 $56,131 $96,778
Farmland loans - <$100k 330 $14,218 $43,085
Farmland loans - $100-250k 191 $24,595 $128,770
Farmland loans - $250k-1MM 59 $17,318 $293,525
Agriculture operations loans - <$1MM 1,254 $24,551 $19,578
Agriculture operations loans - <$100k 1,185 $18,525 $15,633
Agriculture operations loans - $100-250k 61 $4,847 $79,459
Agriculture operations loans - $250k-1MM 8 $1,179 $147,375