Central Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 5493005J49KPXDXUC959
Tax ID: 74-1249903
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Mortgage Data
Bank Data
Review & Overview
Central Bank is a smaller bank specializing in Home Purchase loans. Central Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Austin, and College Station among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Central 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
25Origination Dollar Volume (All Markets)
$9,515,000Employee count
143Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $9,175,000 | $436,905 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $9,515,000 | $380,600 | $0 | 0.00% |
For 2018, Central Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 15 | $1,605,000 | $107,000 | $0 | 0.00% |
| Home Purchase | 9 | $7,405,000 | $822,778 | $0 | 0.00% |
| Refi | 1 | $505,000 | $505,000 | $0 | 0.00% |
For 2018, Central Bank's most frequently cited loan purpose was Home Improvement, with 15 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $9,515,000 | $380,600 | $0 | 0.00% |
For 2018, Central Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2018 saw Central Bank place emphasis on $100,000 or less loans with 13 originations, totaling $865,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $9,515,000 | $380,600 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.23%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination12.00%
Central Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 25 | $9,515,000 | $380,600 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,130,000 | $565,000 |
| Single Family (1-4 Units):Site-Built | 23 | $8,385,000 | $364,565 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTRAL BANC MORTGAGE CORPORATION | Other type of 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 Bank | 11201 Clay Road Houston, TX 77041 | Full Service B&M | $285,185 |
| Central Bank | 1550 West 18th Street Houston, TX 77008 | Full Service B&M | $199,829 |
| Central Bank | 2217 Milam Houston, TX 77002 | Full Service B&M | $52,736 |
| Central Bank | 4605 Post Oak Place Drive Houston, TX 77027 | Full Service B&M | $70,528 |
For 2018, Central Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $40,147 |
| Net interest income | $35,369 |
| Total noninterest income | $2,519 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,045 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,474 |
| Pre-tax net operating income | $8,659 |
| Securities gains (or losses, -) | $86 |
| Income before extraordinary items | $8,745 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,745 |
| Minority interest net income | $0 |
| Net income | $8,745 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,659 |
Central Bank's gross interest income from loans was $40,147,000.
Central Bank's net interest income from loans was $35,369,000.
Central Bank's fee based income from loans was $1,045,000.
Central Bank's net income from loans was $8,745,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,778 |
| Provision for credit losses | $4,200 |
| Total noninterest expense | $25,029 |
| Salaries and employee benefits | $17,272 |
| Premises and equipment expense | $2,345 |
| Additional noninterest expense | $5,412 |
| Applicable income taxes | $0 |
| Net charge-offs | $3,401 |
| Cash dividends | $3,800 |
Central Bank's interest expense for loans was $4,778,000.
Central Bank's payroll and benefits expense were $17,272,000.
Central Bank's property, plant and equipment expenses $2,345,000.
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 | 3.0% |
| 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 | $688,096 |
| Deposits held in domestic offices | $688,096 |
| Deposits by Individuals, partnerships, and corporations | $407,209 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $278,188 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,699 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $114,079 |
| Demand deposits | $79,295 |
| Nontransaction accounts | $574,017 |
| Money market deposit accounts (MMDAs) | $325,338 |
| Other savings deposits (excluding MMDAs) | $12,436 |
| Total time deposits | $236,242 |
| Total time and savings deposits | $608,801 |
| Noninterest-bearing deposits | $215,813 |
| Interest-bearing deposits | $472,283 |
| Retail deposits | $591,669 |
| IRAs and Keogh plan accounts | $7,947 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $761,477 |
| Cash & Balances due from depository institutions | $61,851 |
| Interest-bearing balances | $49,980 |
| Total securities | $95,535 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $575,440 |
| Loan and leases loss allowance | $5,700 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,028 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,371 |
| All other assets | $19,252 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $761,477 |
| Total Liabilities | $696,774 |
| Total deposits | $688,096 |
| Interest-bearing deposits | $472,283 |
| Deposits held in domestic offices | $688,096 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $8,678 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $575,440 |
| Loan and leases loss allowance | $5,700 |
| Total loans and leases (domestic) | $581,140 |
| All real estate loans | $443,898 |
| Real estate loans in domestic offices | $443,898 |
| Construction and development loans | $58,744 |
| Residential 1-4 family construction | $23,422 |
| Other construction, all land development and other land | $35,322 |
| Loans secured by nonfarm nonresidential properties | $131,450 |
| Nonfarm nonresidential secured by owner-occupied properties | $70,053 |
| Commercial real estate & other non-farm, non-residential | $61,397 |
| Multifamily residential real estate | $15,307 |
| 1-4 family residential loans | $238,160 |
| Farmland loans | $237 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $89,280 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,089 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $162 |
| Other loans to individuals | $2,927 |
| All other loans & leases | $47,057 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $24,222 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $928 |
| Loans secured by real estate to non-U.S. addressees | $1,358 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Central Bank had $575,440,000 of loans outstanding in 2018. $443,898,000 of loans were in real estate loans. $58,744,000 of loans were in development loans. $15,307,000 of loans were in multifamily mortgage loans. $238,160,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $162,000 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 | 74 | $21,503 | $290,581 |
| Nonfarm, nonresidential loans - <$100k | 7 | $353 | $50,429 |
| Nonfarm, nonresidential loans - $100-250k | 22 | $2,756 | $125,273 |
| Nonfarm, nonresidential loans - $250k-1MM | 45 | $18,394 | $408,756 |
| Commercial & Industrial, US addressed loans - <$1MM | 211 | $21,689 | $102,791 |
| Commercial & Industrial, US addressed loans - <$100k | 98 | $2,609 | $26,622 |
| Commercial & Industrial, US addressed loans - $100-250k | 60 | $5,946 | $99,100 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 53 | $13,134 | $247,811 |
| Farmland loans - <$1MM | 2 | $237 | $118,500 |
| Farmland loans - <$100k | 1 | $4 | $4,000 |
| Farmland loans - $250k-1MM | 1 | $233 | $233,000 |