Community National Bank Mortgage Rates, Fees & Info

Midland, TX

LEI: 5493006TJ2N1MYD0XD45

Tax ID: 75-1829272

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Midland, Odessa, Dallas, Ruidoso, and San Antonio among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community National 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

342

Origination Dollar Volume (All Markets)

$90,910,000

Employee count

202

Top 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
MIDLAND, TX (FHA|USDA|VA) 200 $53,340,000 $266,700 $0 0.00%
ODESSA, TX (FHA|USDA|VA) 98 $18,800,000 $191,837 $0 0.00%
Outside of Metro Areas 12 $7,680,000 $640,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,995,000 $427,857 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 5 $2,715,000 $543,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Community National Bank's top markets include Midland, Odessa, Dallas, Ruidoso, and San Antonio among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 263 $74,745,000 $284,202 $0 0.00%
    FHA 71 $14,305,000 $201,479 $0 0.00%
    VA 8 $1,860,000 $232,500 $0 0.00%

    For 2018, Community National Bank's most frequently originated type of loan was Conventional, with 263 originations. Their 2nd most popular type was FHA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 301 $79,565,000 $264,336 $0 0.00%
    Cash Out Refi 19 $4,695,000 $247,105 $0 0.00%
    Refi 14 $5,800,000 $414,286 $0 0.00%
    Home Improvement 5 $415,000 $83,000 $0 0.00%
    Other 3 $435,000 $145,000 $0 0.00%

    For 2018, Community National Bank's most frequently cited loan purpose was Home Purchase, with 301 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 342 $90,910,000 $265,819 $0 0.00%

    For 2018, Community National Bank's most frequently cited loan duration was Other, with 342 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 153 $40,385,000 $263,954 $0 0.00%
    $100k-200k 121 $18,895,000 $156,157 $0 0.00%
    $400k-600k 30 $13,360,000 $445,333 $0 0.00%
    $100,000 or less 24 $1,790,000 $74,583 $0 0.00%
    $600k-1MM 8 $6,450,000 $806,250 $0 0.00%
    $1MM+ 6 $10,030,000 $1,671,667 $0 0.00%

    2018 saw Community National Bank place emphasis on $200k-400k loans with 153 originations, totaling $40,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 69 $12,625,000 $182,971 $0 0.00%
    $75k-100k 61 $13,135,000 $215,328 $0 0.00%
    $100k-150k 57 $15,025,000 $263,596 $0 0.00%
    $150k-250k 52 $14,950,000 $287,500 $0 0.00%
    $250k+ 38 $20,960,000 $551,579 $0 0.00%
    $50k or less 22 $3,170,000 $144,091 $0 0.00%

    Community National Bank lent most frequently to those with incomes in the $50k-75k range, with 69 originations. The second most popular income band? $75k-100k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 342 $90,910,000 $265,819 $0 0.00%

    Community National Bank lent most frequently to those with DTI ratios of Exempt%, with 342 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $74,870,000 $265,496 $0 0.00%
    Not applicable 39 $10,025,000 $257,051 $0 0.00%
    Asian 9 $3,475,000 $386,111 $0 0.00%
    Black 11 $2,385,000 $216,818 $0 0.00%
    Not provided 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.92%

    Community National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.99%

    Community National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 342 $90,910,000 $265,819

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 342 $90,910,000 $265,819

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $30,728
    Community National Bank 1609 Midland Drive Midland, TX 79703 Full Service B&M $106,514
    Community National Bank 2101 West Wadley, Suite 21 Midland, TX 79705 Full Service B&M $22,198
    Community National Bank 2659 John Ben Shepperd Pkwy Odessa, TX 79762 Full Service B&M $128,194
    Community National Bank 3005 Cuthbert Avenue Midland, TX 79701 Full Service B&M $21,090
    Community National Bank 3303 North Midkiff Street Midland, TX 79705 Full Service B&M $37,619
    Community National Bank 401 W. Texas Avenue Midland, TX 79701 Full Service B&M $652,797
    Community National Bank 5329 Loop 250 N Midland, TX 79707 Full Service B&M $29,158
    Community National Bank 601 E. Florida Street Midland, TX 79701 Full Service B&M $73,595
    Community National Bank 719 West Louisiana Midland, TX 79701 Full Service B&M $11,789

    For 2018, Community National Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,995
    Net interest income $52,095
    Total noninterest income $6,514
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $859
    Trading account gains and fees $0
    Additional Noninterest Income $5,655
    Pre-tax net operating income $21,480
    Securities gains (or losses, -) $-9
    Income before extraordinary items $17,045
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,045
    Minority interest net income $0
    Net income $17,045
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,052

    Community National Bank's gross interest income from loans was $52,995,000.
    Community National Bank's net interest income from loans was $52,095,000.
    Community National Bank's fee based income from loans was $859,000.
    Community National Bank's net income from loans was $17,045,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $900
    Provision for credit losses $10,280
    Total noninterest expense $26,849
    Salaries and employee benefits $16,880
    Premises and equipment expense $3,386
    Additional noninterest expense $6,583
    Applicable income taxes $4,426
    Net charge-offs $10,137
    Cash dividends $2,825

    Community National Bank's interest expense for loans was $900,000.
    Community National Bank's payroll and benefits expense were $16,880,000.
    Community National Bank's property, plant and equipment expenses $3,386,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 2.0%
    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 $1,210,185
    Deposits held in domestic offices $1,210,185
    Deposits by Individuals, partnerships, and corporations $1,199,896
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,289
    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 $181,862
    Demand deposits $171,384
    Nontransaction accounts $1,028,323
    Money market deposit accounts (MMDAs) $187,451
    Other savings deposits (excluding MMDAs) $807,867
    Total time deposits $33,004
    Total time and savings deposits $1,038,801
    Noninterest-bearing deposits $171,384
    Interest-bearing deposits $1,038,801
    Retail deposits $1,204,762
    IRAs and Keogh plan accounts $7,055
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,351,767
    Cash & Balances due from depository institutions $321,136
    Interest-bearing balances $288,931
    Total securities $161,308
    Federal funds sold & reverse repurchase $0
    Net loans and leases $807,915
    Loan and leases loss allowance $15,228
    Trading account assets $0
    Bank premises and fixed assets $8,337
    Other real estate owned $343
    Goodwill and other intangibles $15,251
    All other assets $37,477

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,351,767
    Total Liabilities $1,213,790
    Total deposits $1,210,185
    Interest-bearing deposits $1,038,801
    Deposits held in domestic offices $1,210,185
    % insured (estimated) $37
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,605

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $807,915
    Loan and leases loss allowance $15,228
    Total loans and leases (domestic) $823,143
    All real estate loans $420,651
    Real estate loans in domestic offices $420,651
    Construction and development loans $98,457
    Residential 1-4 family construction $33,969
    Other construction, all land development and other land $64,488
    Loans secured by nonfarm nonresidential properties $205,774
    Nonfarm nonresidential secured by owner-occupied properties $93,944
    Commercial real estate & other non-farm, non-residential $111,830
    Multifamily residential real estate $2,334
    1-4 family residential loans $82,847
    Farmland loans $31,239
    Loans held in foreign offices $0
    Farm loans $661
    Commercial and industrial loans $321,714
    To non-U.S. addressees $0
    Loans to individuals $12,332
    Credit card loans $0
    Related Plans $513
    Consumer Auto Loans $1,067
    Other loans to individuals $10,752
    All other loans & leases $67,786
    Loans to foreign governments and official institutions $0
    Other loans $52,100
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $7,242
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $193
    Non 1-4 family restructured loans & leases $193
    Total loans and leases (foreign) $0

    Community National Bank had $807,915,000 of loans outstanding in 2018. $420,651,000 of loans were in real estate loans. $98,457,000 of loans were in development loans. $2,334,000 of loans were in multifamily mortgage loans. $82,847,000 of loans were in 1-4 family mortgage loans. $661,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,067,000 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 210 $62,611 $298,148
    Nonfarm, nonresidential loans - <$100k 22 $913 $41,500
    Nonfarm, nonresidential loans - $100-250k 71 $9,471 $133,394
    Nonfarm, nonresidential loans - $250k-1MM 117 $52,227 $446,385
    Commercial & Industrial, US addressed loans - <$1MM 733 $94,499 $128,921
    Commercial & Industrial, US addressed loans - <$100k 346 $9,715 $28,078
    Commercial & Industrial, US addressed loans - $100-250k 181 $20,709 $114,414
    Commercial & Industrial, US addressed loans - $250k-1MM 206 $64,075 $311,044
    Farmland loans - <$1MM 26 $5,113 $196,654
    Farmland loans - <$100k 4 $287 $71,750
    Farmland loans - $100-250k 11 $1,536 $139,636
    Farmland loans - $250k-1MM 11 $3,290 $299,091
    Agriculture operations loans - <$1MM 19 $661 $34,789
    Agriculture operations loans - <$100k 12 $269 $22,417
    Agriculture operations loans - $100-250k 5 $122 $24,400
    Agriculture operations loans - $250k-1MM 2 $270 $135,000