Central Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 5493005J49KPXDXUC959
Tax ID: 74-1249903
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Central Bank is a smaller bank specializing in Home Purchase, Refi, 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, Beaumont, Austin, and Reno 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
267Origination Dollar Volume (All Markets)
$73,715,000Employee count
149Top 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) | 190 | $58,790,000 | $309,421 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $6,025,000 | $118,137 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $2,755,000 | $2,755,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 12 | $2,690,000 | $224,167 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $530,000 | $265,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Gainesville, 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 | 262 | $72,280,000 | $275,878 | $0 | 0.00% |
| FHA | 4 | $1,100,000 | $275,000 | $0 | 0.00% |
| VA | 1 | $335,000 | $335,000 | $0 | 0.00% |
For 2021, Central Bank's most frequently originated type of loan was Conventional, with 262 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2021, Central Bank's most frequently cited loan purpose was Home Improvement, with 120 originations. The 2nd most popular reason was Home Purchase, with 71 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 267 | $73,715,000 | $276,086 | $0 | 0.00% |
For 2021, Central Bank's most frequently cited loan duration was Other, with 267 originations.
Loan Sizing
2021 saw Central Bank place emphasis on $100,000 or less loans with 138 originations, totaling $9,520,000 in origination value.
Applicant Income
Central Bank lent most frequently to those with incomes in the $150k-250k range, with 93 originations. The second most popular income band? $250k+, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 267 | $73,715,000 | $276,086 | $0 | 0.00% |
Central Bank lent most frequently to those with DTI ratios of Exempt%, with 267 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.76%
Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.66%
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 | 267 | $73,715,000 | $276,086 |
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 Bank | 11201 Clay Road Houston, TX 77041 | Full Service B&M | $412,864 |
| Central Bank | 1550 West 18th Street Houston, TX 77008 | Full Service B&M | $90,239 |
| Central Bank | 2799 Katy Freeway Suite 150 Houston, TX 77007 | Full Service B&M | $57,902 |
| Central Bank | 4605 Post Oak Place Drive Houston, TX 77027 | Full Service B&M | $228,658 |
For 2021, Central Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $42,259 |
| Net interest income | $41,296 |
| Total noninterest income | $3,219 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,200 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,019 |
| Pre-tax net operating income | $12,376 |
| Securities gains (or losses, -) | $984 |
| Income before extraordinary items | $13,360 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,360 |
| Minority interest net income | $0 |
| Net income | $13,360 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,376 |
Central Bank's gross interest income from loans was $42,259,000.
Central Bank's net interest income from loans was $41,296,000.
Central Bank's fee based income from loans was $1,200,000.
Central Bank's net income from loans was $13,360,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $963 |
| Provision for credit losses | $366 |
| Total noninterest expense | $31,773 |
| Salaries and employee benefits | $22,334 |
| Premises and equipment expense | $2,729 |
| Additional noninterest expense | $6,710 |
| Applicable income taxes | $0 |
| Net charge-offs | $70 |
| Cash dividends | $7,540 |
Central Bank's interest expense for loans was $963,000.
Central Bank's payroll and benefits expense were $22,334,000.
Central Bank's property, plant and equipment expenses $2,729,000.
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 | $789,643 |
| Deposits held in domestic offices | $789,643 |
| Deposits by Individuals, partnerships, and corporations | $525,606 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $263,791 |
| Deposits by Commercial banks and other depository institutions in U.S. | $246 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $216,143 |
| Demand deposits | $160,446 |
| Nontransaction accounts | $573,500 |
| Money market deposit accounts (MMDAs) | $443,788 |
| Other savings deposits (excluding MMDAs) | $20,475 |
| Total time deposits | $109,237 |
| Total time and savings deposits | $629,197 |
| Noninterest-bearing deposits | $364,648 |
| Interest-bearing deposits | $424,995 |
| Retail deposits | $725,812 |
| IRAs and Keogh plan accounts | $5,477 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $889,547 |
| Cash & Balances due from depository institutions | $42,888 |
| Interest-bearing balances | $36,033 |
| Total securities | $163,167 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $652,311 |
| Loan and leases loss allowance | $7,649 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,812 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $933 |
| All other assets | $23,436 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $889,547 |
| Total Liabilities | $800,243 |
| Total deposits | $789,643 |
| Interest-bearing deposits | $424,995 |
| Deposits held in domestic offices | $789,643 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $10,600 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $652,311 |
| Loan and leases loss allowance | $7,649 |
| Total loans and leases (domestic) | $659,960 |
| All real estate loans | $462,831 |
| Real estate loans in domestic offices | $462,831 |
| Construction and development loans | $51,643 |
| Residential 1-4 family construction | $21,612 |
| Other construction, all land development and other land | $30,031 |
| Loans secured by nonfarm nonresidential properties | $205,573 |
| Nonfarm nonresidential secured by owner-occupied properties | $101,062 |
| Commercial real estate & other non-farm, non-residential | $104,511 |
| Multifamily residential real estate | $16,628 |
| 1-4 family residential loans | $187,804 |
| Farmland loans | $1,183 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $119,984 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,634 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $61 |
| Other loans to individuals | $1,573 |
| All other loans & leases | $77,770 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $44,440 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,014 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Central Bank had $652,311,000 of loans outstanding in 2021. $462,831,000 of loans were in real estate loans. $51,643,000 of loans were in development loans. $16,628,000 of loans were in multifamily mortgage loans. $187,804,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $61,000 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 | 61 | $24,863 | $407,590 |
| Nonfarm, nonresidential loans - <$100k | 3 | $101 | $33,667 |
| Nonfarm, nonresidential loans - $100-250k | 14 | $1,790 | $127,857 |
| Nonfarm, nonresidential loans - $250k-1MM | 44 | $22,972 | $522,091 |
| Commercial & Industrial, US addressed loans - <$1MM | 146 | $16,780 | $114,932 |
| Commercial & Industrial, US addressed loans - <$100k | 56 | $1,783 | $31,839 |
| Commercial & Industrial, US addressed loans - $100-250k | 43 | $3,906 | $90,837 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 47 | $11,091 | $235,979 |
| Farmland loans - <$1MM | 1 | $441 | $441,000 |
| Farmland loans - $250k-1MM | 1 | $441 | $441,000 |