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 Refi, Home Purchase, and Cash Out Refi loans. Central 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: Houston, Dallas, College Station, Austin, and Breckenridge among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank has an 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
269Origination Dollar Volume (All Markets)
$64,865,000Employee count
140Top 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) | 208 | $57,500,000 | $276,442 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 38 | $3,530,000 | $92,895 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $430,000 | $215,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 267 | $64,345,000 | $240,993 | $0 | 0.00% |
| FHA | 1 | $155,000 | $155,000 | $0 | 0.00% |
| VA | 1 | $365,000 | $365,000 | $0 | 0.00% |
For 2020, Central Bank's most frequently originated type of loan was Conventional, with 267 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2020, Central Bank's most frequently cited loan purpose was Home Improvement, with 100 originations. The 2nd most popular reason was Refi, with 76 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 269 | $64,865,000 | $241,134 | $0 | 0.00% |
For 2020, Central Bank's most frequently cited loan duration was Other, with 269 originations.
Loan Sizing
2020 saw Central Bank place emphasis on $100,000 or less loans with 123 originations, totaling $7,475,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $150k-250k range, with 89 originations. The second most popular income band? $250k+, with 77 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 269 | $64,865,000 | $241,134 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 269 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.28%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination62.83%
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 | 269 | $64,865,000 | $241,134 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $8,540,000 | $2,135,000 |
| Single Family (1-4 Units):Site-Built | 265 | $56,325,000 | $212,547 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| CENTERSTATE BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Central Bank | 11201 Clay Road Houston, TX 77041 | Full Service B&M | $383,778 |
| Central Bank | 1550 West 18th Street Houston, TX 77008 | Full Service B&M | $79,879 |
| Central Bank | 2217 Milam Houston, TX 77002 | Full Service B&M | $58,308 |
| Central Bank | 4605 Post Oak Place Drive Houston, TX 77027 | Full Service B&M | $203,163 |
For 2020, Central Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $41,637 |
| Net interest income | $37,882 |
| Total noninterest income | $2,245 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $919 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,326 |
| Pre-tax net operating income | $10,551 |
| Securities gains (or losses, -) | $781 |
| Income before extraordinary items | $11,332 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,332 |
| Minority interest net income | $0 |
| Net income | $11,332 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,551 |
Central Bank's gross interest income from loans was $41,637,000.
Central Bank's net interest income from loans was $37,882,000.
Central Bank's fee based income from loans was $919,000.
Central Bank's net income from loans was $11,332,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,755 |
| Provision for credit losses | $800 |
| Total noninterest expense | $28,776 |
| Salaries and employee benefits | $19,830 |
| Premises and equipment expense | $2,477 |
| Additional noninterest expense | $6,469 |
| Applicable income taxes | $0 |
| Net charge-offs | $135 |
| Cash dividends | $5,793 |
Central Bank's interest expense for loans was $3,755,000.
Central Bank's payroll and benefits expense were $19,830,000.
Central Bank's property, plant and equipment expenses $2,477,000.
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 | 1.0% |
| 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 | $727,198 |
| Deposits held in domestic offices | $727,198 |
| Deposits by Individuals, partnerships, and corporations | $456,359 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $269,468 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,371 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $158,989 |
| Demand deposits | $111,277 |
| Nontransaction accounts | $568,209 |
| Money market deposit accounts (MMDAs) | $389,505 |
| Other savings deposits (excluding MMDAs) | $14,079 |
| Total time deposits | $164,624 |
| Total time and savings deposits | $615,921 |
| Noninterest-bearing deposits | $298,720 |
| Interest-bearing deposits | $428,479 |
| Retail deposits | $638,664 |
| IRAs and Keogh plan accounts | $6,053 |
| Brokered deposits | $1 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $823,221 |
| Cash & Balances due from depository institutions | $22,892 |
| Interest-bearing balances | $9,529 |
| Total securities | $153,054 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $619,406 |
| Loan and leases loss allowance | $7,353 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,037 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,020 |
| All other assets | $19,812 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $823,221 |
| Total Liabilities | $736,473 |
| Total deposits | $727,198 |
| Interest-bearing deposits | $428,479 |
| Deposits held in domestic offices | $727,198 |
| % insured (estimated) | $59 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $9,275 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $619,406 |
| Loan and leases loss allowance | $7,353 |
| Total loans and leases (domestic) | $626,759 |
| All real estate loans | $476,257 |
| Real estate loans in domestic offices | $476,257 |
| Construction and development loans | $53,132 |
| Residential 1-4 family construction | $16,645 |
| Other construction, all land development and other land | $36,487 |
| Loans secured by nonfarm nonresidential properties | $170,357 |
| Nonfarm nonresidential secured by owner-occupied properties | $92,837 |
| Commercial real estate & other non-farm, non-residential | $77,520 |
| Multifamily residential real estate | $16,490 |
| 1-4 family residential loans | $236,073 |
| Farmland loans | $205 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $100,586 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,193 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $39 |
| Other loans to individuals | $2,154 |
| All other loans & leases | $50,196 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $39,776 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $737 |
| Loans secured by real estate to non-U.S. addressees | $1,161 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Central Bank had $619,406,000 of loans outstanding in 2020. $476,257,000 of loans were in real estate loans. $53,132,000 of loans were in development loans. $16,490,000 of loans were in multifamily mortgage loans. $236,073,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $39,000 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 | $26,143 | $353,284 |
| Nonfarm, nonresidential loans - <$100k | 7 | $189 | $27,000 |
| Nonfarm, nonresidential loans - $100-250k | 18 | $2,125 | $118,056 |
| Nonfarm, nonresidential loans - $250k-1MM | 49 | $23,829 | $486,306 |
| Commercial & Industrial, US addressed loans - <$1MM | 368 | $36,784 | $99,957 |
| Commercial & Industrial, US addressed loans - <$100k | 208 | $7,059 | $33,938 |
| Commercial & Industrial, US addressed loans - $100-250k | 84 | $8,625 | $102,679 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 76 | $21,100 | $277,632 |
| Farmland loans - <$1MM | 1 | $205 | $205,000 |
| Farmland loans - $250k-1MM | 1 | $205 | $205,000 |