Community National Bank & Trust Of Texas Mortgage Rates, Fees & Info

Corsicana, TX

LEI: 549300FZGNW8VUSEDB98

Tax ID: 75-1047436

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Community National Bank & Trust Of Texas is a smaller bank specializing in Home Purchase and Refi loans. Community National Bank & Trust Of Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Corsicana, Granbury, Mineral Wells, and Houston among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community National Bank & Trust Of Texas 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

270

Origination Dollar Volume (All Markets)

$53,370,000

Employee count

182

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
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	121	$25,075,000	$207,231	$0	0.00%
Corsicana, TX (FHA\|USDA\|VA)	78	$12,560,000	$161,026	$0	0.00%
Outside of Metro Areas	40	$6,300,000	$157,500	$0	0.00%
Granbury, TX (FHA\|USDA\|VA)	3	$4,845,000	$1,615,000	$0	0.00%
Mineral Wells, TX (FHA\|USDA\|VA)	14	$2,280,000	$162,857	$0	0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$705,000	$235,000	$0	0.00%
Athens, TX (FHA\|USDA\|VA)	4	$570,000	$142,500	$0	0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	0.00%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	0.00%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
Gainesville, TX (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

Community National Bank & Trust Of Texas's top markets include Dallas, Corsicana, Granbury, Mineral Wells, and Houston among others.

Their top states include:

Texas (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	259	$50,305,000	$194,228	$0	0.00%
VA	11	$3,065,000	$278,636	$0	0.00%

For 2019, Community National Bank & Trust Of Texas's most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was VA, with 11 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	178	$31,950,000	$179,494	$0	0.00%
Refi	74	$18,770,000	$253,649	$0	0.00%
Home Improvement	16	$2,240,000	$140,000	$0	0.00%
Other	2	$410,000	$205,000	$0	0.00%

For 2019, Community National Bank & Trust Of Texas's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 74 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	270	$53,370,000	$197,667	$0	0.00%

For 2019, Community National Bank & Trust Of Texas's most frequently cited loan duration was Other, with 270 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	91	$13,095,000	$143,901	$0	0.00%
$100,000 or less	83	$4,975,000	$59,940	$0	0.00%
$200k-400k	82	$23,560,000	$287,317	$0	0.00%
$400k-600k	10	$4,670,000	$467,000	$0	0.00%
$1MM+	2	$5,610,000	$2,805,000	$0	0.00%
$600k-1MM	2	$1,460,000	$730,000	$0	0.00%

2019 saw Community National Bank & Trust Of Texas place emphasis on $100k-200k loans with 91 originations, totaling $13,095,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	53	$11,045,000	$208,396	$0	0.00%
$50k-75k	49	$7,105,000	$145,000	$0	0.00%
$150k-250k	42	$8,810,000	$209,762	$0	0.00%
$75k-100k	42	$7,890,000	$187,857	$0	0.00%
$250k+	27	$6,325,000	$234,259	$0	0.00%
$50k or less	26	$2,410,000	$92,692	$0	0.00%

Community National Bank & Trust Of Texas lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k-75k, with 49 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	270	$53,370,000	$197,667	$0	0.00%

Community National Bank & Trust Of Texas lent most frequently to those with DTI ratios of Exempt%, with 270 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	201	$35,555,000	$176,891	$0	0.00%
Not provided	36	$8,190,000	$227,500	$0	0.00%
Not applicable	18	$7,720,000	$428,889	$0	0.00%
Native Hawaiian or Islander	4	$710,000	$177,500	$0	0.00%
Black	4	$570,000	$142,500	$0	0.00%
American Indian	3	$385,000	$128,333	$0	0.00%
Asian	3	$155,000	$51,667	$0	0.00%
Vietnamese	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
93.92%

Community National Bank & Trust Of Texas has an average approval rate.

Pick Rate

Approvals leading to origination
85.56%

Community National Bank & Trust Of Texas has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	270	$53,370,000	$197,667

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$5,610,000	$2,805,000
Single Family (1-4 Units):Manufactured	9	$725,000	$80,556
Single Family (1-4 Units):Site-Built	259	$47,035,000	$181,602

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Closing on a mortgage	1	20.0%
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Trouble during payment process	3	60.0%
COMMUNITY BANK SYSTEM, INC.	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	20.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Community National Bank & Trust of Texas	101 North Mount Street Fairfield, TX 75840	Full Service B&M	$76,613
Community National Bank & Trust of Texas	101 Se 1st Street Mineral Wells, TX 76067	Full Service B&M	$103,001
Community National Bank & Trust of Texas	1404 Park Road 36 Graford, TX 76449	Full Service B&M	$11,411
Community National Bank & Trust of Texas	1901 Wall Street Weatherford, TX 76086	Full Service B&M	$45,556
Community National Bank & Trust of Texas	2500 Southwest Wilshire Boulevard Burleson, TX 76028	Full Service B&M	$27,029
Community National Bank & Trust of Texas	309 East Ovilla Road Red Oak, TX 75154	Full Service B&M	$14,067
Community National Bank & Trust of Texas	321 North 15th Street Corsicana, TX 75110	Full Service B&M	$155,911
Community National Bank & Trust of Texas	3401 South Highway 287 Corsicana, TX 75109	Full Service B&M	$38,503
Community National Bank & Trust of Texas	3930 Boat Club Road Lake Worth, TX 76135	Full Service B&M	$66,036
Community National Bank & Trust of Texas	400 Garitty Frost, TX 76641	Full Service B&M	$23,609
Community National Bank & Trust of Texas	402 East Hubbard Street Mineral Wells, TX 76067	Limited, Drive-thru	$0
Community National Bank & Trust of Texas	412 South Commerce Centerville, TX 75833	Full Service B&M	$12,306
Community National Bank & Trust of Texas	548 Fm 416 Streetman, TX 75859	Full Service B&M	$7,674
Community National Bank & Trust of Texas	906 North Buffalo Ave Buffalo, TX 75831	Full Service B&M	$13,326
Community National Bank & Trust of Texas	9636 White Settlement Road Fort Worth, TX 76108	Full Service B&M	$22,663

For 2019, Community National Bank & Trust Of Texas had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$34,005
Net interest income	$30,979
Total noninterest income	$6,840
Gross Fiduciary activities income	$1,428
Service charges on deposit accounts	$1,632
Trading account gains and fees	$0
Additional Noninterest Income	$3,780
Pre-tax net operating income	$13,521
Securities gains (or losses, -)	$133
Income before extraordinary items	$10,996
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,996
Minority interest net income	$0
Net income	$10,996
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,888

Community National Bank & Trust Of Texas's gross interest income from loans was $34,005,000.
Community National Bank & Trust Of Texas's net interest income from loans was $30,979,000.
Community National Bank & Trust Of Texas's fee based income from loans was $1,632,000.
Community National Bank & Trust Of Texas's net income from loans was $10,996,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,026
Provision for credit losses	$900
Total noninterest expense	$23,398
Salaries and employee benefits	$13,854
Premises and equipment expense	$3,837
Additional noninterest expense	$5,707
Applicable income taxes	$2,658
Net charge-offs	$7
Cash dividends	$3,000

Community National Bank & Trust Of Texas's interest expense for loans was $3,026,000.
Community National Bank & Trust Of Texas's payroll and benefits expense were $13,854,000.
Community National Bank & Trust Of Texas's property, plant and equipment expenses $3,837,000.

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	$633,833
Deposits held in domestic offices	$633,833
Deposits by Individuals, partnerships, and corporations	$602,982
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$30,616
Deposits by Commercial banks and other depository institutions in U.S.	$235
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$62,847
Demand deposits	$43,062
Nontransaction accounts	$570,986
Money market deposit accounts (MMDAs)	$101,216
Other savings deposits (excluding MMDAs)	$347,274
Total time deposits	$122,496
Total time and savings deposits	$590,771
Noninterest-bearing deposits	$269,804
Interest-bearing deposits	$364,029
Retail deposits	$611,382
IRAs and Keogh plan accounts	$14,897
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$743,866
Cash & Balances due from depository institutions	$59,165
Interest-bearing balances	$26,812
Total securities	$89,433
Federal funds sold & reverse repurchase	$0
Net loans and leases	$526,290
Loan and leases loss allowance	$6,559
Trading account assets	$0
Bank premises and fixed assets	$28,539
Other real estate owned	$132
Goodwill and other intangibles	$16,168
All other assets	$24,139

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$743,866
Total Liabilities	$651,298
Total deposits	$633,833
Interest-bearing deposits	$364,029
Deposits held in domestic offices	$633,833
% insured (estimated)	$72
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$8,900
Subordinated debt	$0
All other liabilities	$8,565

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$526,290
Loan and leases loss allowance	$6,559
Total loans and leases (domestic)	$532,849
All real estate loans	$455,871
Real estate loans in domestic offices	$455,871
Construction and development loans	$78,369
Residential 1-4 family construction	$19,591
Other construction, all land development and other land	$58,778
Loans secured by nonfarm nonresidential properties	$239,770
Nonfarm nonresidential secured by owner-occupied properties	$109,496
Commercial real estate & other non-farm, non-residential	$130,274
Multifamily residential real estate	$9,504
1-4 family residential loans	$95,651
Farmland loans	$32,577
Loans held in foreign offices	$0
Farm loans	$20,325
Commercial and industrial loans	$45,305
To non-U.S. addressees	$0
Loans to individuals	$10,710
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$5,295
Other loans to individuals	$5,415
All other loans & leases	$1,718
Loans to foreign governments and official institutions	$0
Other loans	$1,478
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$1,238
Non 1-4 family restructured loans & leases	$1,238
Total loans and leases (foreign)	$0

Community National Bank & Trust of Texas had $526,290,000 of loans outstanding in 2019. $455,871,000 of loans were in real estate loans. $78,369,000 of loans were in development loans. $9,504,000 of loans were in multifamily mortgage loans. $95,651,000 of loans were in 1-4 family mortgage loans. $20,325,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,295,000 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	291	$57,039	$196,010
Nonfarm, nonresidential loans - <$100k	86	$3,452	$40,140
Nonfarm, nonresidential loans - $100-250k	90	$10,472	$116,356
Nonfarm, nonresidential loans - $250k-1MM	115	$43,115	$374,913
Commercial & Industrial, US addressed loans - <$1MM	522	$25,599	$49,040
Commercial & Industrial, US addressed loans - <$100k	408	$8,601	$21,081
Commercial & Industrial, US addressed loans - $100-250k	72	$6,046	$83,972
Commercial & Industrial, US addressed loans - $250k-1MM	42	$10,952	$260,762
Farmland loans - <$1MM	158	$16,425	$103,956
Farmland loans - <$100k	94	$3,882	$41,298
Farmland loans - $100-250k	36	$4,540	$126,111
Farmland loans - $250k-1MM	28	$8,003	$285,821
Agriculture operations loans - <$1MM	284	$11,716	$41,254
Agriculture operations loans - <$100k	234	$5,031	$21,500
Agriculture operations loans - $100-250k	36	$3,716	$103,222
Agriculture operations loans - $250k-1MM	14	$2,969	$212,071