Community National Bank Mortgage Rates, Fees & Info

Midland, TX

LEI: 5493006TJ2N1MYD0XD45

Tax ID: 75-1829272

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community National Bank is a smaller bank specializing in Home Purchase loans. Community National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Midland, Odessa, Lubbock, Dallas, and Ruidoso among others. Community 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.


Originations

370

Origination Dollar Volume (All Markets)

$107,880,000

Employee count

223

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MIDLAND, TX (FHA|USDA|VA) 182 $51,130,000 $280,934 $0 0.00%
ODESSA, TX (FHA|USDA|VA) 101 $20,895,000 $206,881 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 28 $14,100,000 $503,571 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $7,780,000 $555,714 $0 0.00%
Outside of Metro Areas 11 $4,325,000 $393,182 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 6 $2,240,000 $373,333 $0 0.00%
Hobbs, NM (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $950,000 $475,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $815,000 $271,667 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 4 $680,000 $170,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 4 $430,000 $107,500 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 3 $265,000 $88,333 $0 0.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Levelland, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%

Community National Bank's top markets include Midland, Odessa, Lubbock, Dallas, and Ruidoso among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 312 $94,760,000 $303,718 $0 0.00%
FHA 55 $12,225,000 $222,273 $0 0.00%
VA 3 $895,000 $298,333 $0 0.00%

For the 2021 period, Community National Bank's most frequently originated loan type of loans were Conventional, with 312 originations. Their 2nd most popular type is FHA, with 55 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 256 $73,870,000 $288,555 $0 0.00%
Cash Out Refi 61 $19,775,000 $324,180 $0 0.00%
Refi 52 $14,090,000 $270,962 $0 0.00%
Home Improvement 1 $145,000 $145,000 $0 0.00%

For the 2021, Community National Bank's most frequently cited loan purpose of loans were Home Purchase, with 256 originations. The 2nd most popular reason of loans were Cash Out Refi, with 61 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 370 $107,880,000 $291,568 $0 0.00%

For the 2021, Community National Bank's most frequently cited loan length of loans were Other, with 370 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 173 $45,605,000 $263,613 $0 0.00%
$100k-200k 116 $18,130,000 $156,293 $0 0.00%
$400k-600k 40 $18,890,000 $472,250 $0 0.00%
$100,000 or less 25 $1,825,000 $73,000 $0 0.00%
$1MM+ 10 $18,590,000 $1,859,000 $0 0.00%
$600k-1MM 6 $4,840,000 $806,667 $0 0.00%

2021 saw Community National Bank place emphasis on $200k-400k loans with 173 originations, totaling $45,605,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 83 $17,775,000 $214,157 $0 0.00%
$75k-100k 64 $13,650,000 $213,281 $0 0.00%
$100k-150k 54 $14,760,000 $273,333 $0 0.00%
$150k-250k 33 $11,535,000 $349,545 $0 0.00%
$250k+ 31 $15,685,000 $505,968 $0 0.00%
$50k or less 20 $3,620,000 $181,000 $0 0.00%

Community National Bank lent most frequently to those with incomes in the $50k-75k range, with 83 originations. The second most popular income band? $75k-100k, with 64 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 370 $107,880,000 $291,568 $0 0.00%

Community National Bank lent most frequently to those with DTI ratios of Exempt%, with 370 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 264 $75,050,000 $284,280 $0 0.00%
Not applicable 78 $26,680,000 $342,051 $0 0.00%
Asian 19 $4,005,000 $210,789 $0 0.00%
Black 6 $1,420,000 $236,667 $0 0.00%
Not provided 2 $390,000 $195,000 $0 0.00%
American Indian 1 $335,000 $335,000 $0 0.00%

Approval Rates

Total approvals of all applications
92.89%

Community National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
77.92%

Community National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 370 $107,880,000 $291,568

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
370 $107,880,000 $291,568

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Community National Bank 1211 N Lamesa Hwy Stanton, TX 79782 Full Service B&M $44,322
Community National Bank 3303 North Midkiff Street Midland, TX 79705 Full Service B&M $48,958
Community National Bank 500 West Illinois Midland, TX 79701 Full Service B&M $816,518
Community National Bank 5329 Loop 250 N Midland, TX 79707 Full Service B&M $29,980
Community National Bank 601 E. Florida Street Midland, TX 79701 Full Service B&M $102,743
Community National Bank 719 West Louisiana Midland, TX 79701 Full Service B&M $14,513
Community National Bank 12509 Quaker Avenue Lubbock, TX 79423 Full Service B&M $15,040
Community National Bank 1609 Midland Dr Midland, TX 79703 Full Service B&M $38,554
Community National Bank 2101 West Wadley, Suite 21 Midland, TX 79705 Full Service B&M $24,950
Community National Bank 2659 John Ben Shepperd Pkwy Odessa, TX 79762 Full Service B&M $141,980
Community National Bank 3005 Cuthbert Avenue Midland, TX 79701 Full Service B&M $24,887

For 2021, Community National Bank had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $51,395
Net interest income $50,412
Total noninterest income $5,635
Gross Fiduciary activities income $0
Service charges on deposit accounts $833
Trading account gains and fees $0
Additional Noninterest Income $4,802
Pre-tax net operating income $20,458
Securities gains (or losses, -) $159
Income before extraordinary items $16,309
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $16,309
Minority interest net income $0
Net income $16,309
Sale, conversion, retirement of capital stock, net $0
Net operating income $16,183

Community National Bank's gross interest income from loans was $51,395,000.
Community National Bank's net interest income from loans was $50,412,000.
Community National Bank's fee based income from loans was $833,000.
Community National Bank's net income from loans was $16,309,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $983
Provision for credit losses $0
Total noninterest expense $35,589
Salaries and employee benefits $22,823
Premises and equipment expense $4,582
Additional noninterest expense $8,184
Applicable income taxes $4,308
Net charge-offs $4,173
Cash dividends $2,395

Community National Bank's interest expense for loans was $983,000.
Community National Bank's payroll and benefits expense were $22,823,000.
Community National Bank's property, plant and equipment expenses $4,582,000.

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 $1,519,328
Deposits held in domestic offices $1,519,328
Deposits by Individuals, partnerships, and corporations $1,476,114
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $43,214
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 $267,319
Demand deposits $254,123
Nontransaction accounts $1,252,009
Money market deposit accounts (MMDAs) $265,936
Other savings deposits (excluding MMDAs) $928,135
Total time deposits $57,939
Total time and savings deposits $1,265,205
Noninterest-bearing deposits $254,123
Interest-bearing deposits $1,265,206
Retail deposits $1,489,844
IRAs and Keogh plan accounts $7,256
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,699,233
Cash & Balances due from depository institutions $404,163
Interest-bearing balances $381,657
Total securities $249,467
Federal funds sold & reverse repurchase $0
Net loans and leases $971,860
Loan and leases loss allowance $18,180
Trading account assets $0
Bank premises and fixed assets $16,870
Other real estate owned $0
Goodwill and other intangibles $15,251
All other assets $41,622

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,699,233
Total Liabilities $1,528,771
Total deposits $1,519,328
Interest-bearing deposits $1,265,206
Deposits held in domestic offices $1,519,328
% insured (estimated) $34
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $9,443

Issued Loan Types

Type Value (in 000's)
Net loans and leases $971,860
Loan and leases loss allowance $18,180
Total loans and leases (domestic) $990,040
All real estate loans $587,571
Real estate loans in domestic offices $587,571
Construction and development loans $133,415
Residential 1-4 family construction $36,681
Other construction, all land development and other land $96,734
Loans secured by nonfarm nonresidential properties $293,715
Nonfarm nonresidential secured by owner-occupied properties $104,851
Commercial real estate & other non-farm, non-residential $188,864
Multifamily residential real estate $11,549
1-4 family residential loans $107,653
Farmland loans $41,239
Loans held in foreign offices $0
Farm loans $513
Commercial and industrial loans $320,265
To non-U.S. addressees $0
Loans to individuals $14,202
Credit card loans $0
Related Plans $163
Consumer Auto Loans $1,250
Other loans to individuals $12,789
All other loans & leases $67,489
Loans to foreign governments and official institutions $0
Other loans $60,559
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $5,701
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $420
Non 1-4 family restructured loans & leases $420
Total loans and leases (foreign) $0

Community National Bank had $971,860,000 of loans outstanding in 2021. $587,571,000 of loans were in real estate loans. $133,415,000 of loans were in development loans. $11,549,000 of loans were in multifamily mortgage loans. $107,653,000 of loans were in 1-4 family mortgage loans. $513,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,250,000 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 223 $75,682 $339,381
Nonfarm, nonresidential loans - <$100k 16 $1,412 $88,250
Nonfarm, nonresidential loans - $100-250k 62 $8,142 $131,323
Nonfarm, nonresidential loans - $250k-1MM 145 $66,128 $456,055
Commercial & Industrial, US addressed loans - <$1MM 718 $88,373 $123,082
Commercial & Industrial, US addressed loans - <$100k 315 $8,800 $27,937
Commercial & Industrial, US addressed loans - $100-250k 185 $18,363 $99,259
Commercial & Industrial, US addressed loans - $250k-1MM 218 $61,210 $280,780
Farmland loans - <$1MM 26 $4,542 $174,692
Farmland loans - <$100k 1 $47 $47,000
Farmland loans - $100-250k 14 $1,819 $129,929
Farmland loans - $250k-1MM 11 $2,676 $243,273
Agriculture operations loans - <$1MM 9 $513 $57,000
Agriculture operations loans - <$100k 5 $222 $44,400
Agriculture operations loans - $100-250k 3 $274 $91,333
Agriculture operations loans - $250k-1MM 1 $17 $17,000