The Citizens National Bank Of Bluffton Mortgage Rates, Fees & Info

Bluffton, OH

LEI: 549300HNMUG8WS7JLL28

Tax ID: 34-4205025

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Citizens National Bank Of Bluffton is a smaller bank specializing in Home Purchase and Refi loans. The Citizens National Bank Of Bluffton 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.) They have a low ratio of USDA loans. Their top markets include Lima, Celina, Columbus, Toledo, and Findlay among others. The Citizens National Bank Of Bluffton 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. The Citizens National Bank Of Bluffton is typically a low fee lendor.


Originations

741

Origination Dollar Volume (All Markets)

$143,265,000

Employee count

155 Show all (9) awards

Relative Rate

The Citizens National Bank Of Bluffton's average 30 year fixed rate mortgage of loans were 3.17%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.02%.

Relative Fees

The Citizens National Bank Of Bluffton's average total fees for a 30 year fixed rate mortgage are $2,360.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LIMA, OH (FHA|USDA|VA) 267 $45,145,000 $169,082 $2,038 3.05%
Celina, OH (FHA|USDA|VA) 67 $12,505,000 $186,642 $1,814 2.95%
COLUMBUS, OH (FHA|USDA|VA) 23 $11,685,000 $508,043 $2,676 3.39%
Outside of Metro Areas 58 $9,730,000 $167,759 $2,184 3.05%
TOLEDO, OH (FHA|USDA|VA) 47 $9,525,000 $202,660 $2,716 3.82%
Findlay, OH (FHA|USDA|VA) 47 $8,725,000 $185,638 $2,148 2.97%
Van Wert, OH (FHA|USDA|VA) 57 $8,095,000 $142,018 $2,059 3.20%
Defiance, OH (FHA|USDA|VA) 44 $5,740,000 $130,455 $2,266 3.16%
DAYTON-KETTERING, OH (FHA|USDA|VA) 20 $5,150,000 $257,500 $2,515 3.73%
Wapakoneta, OH (FHA|USDA|VA) 29 $4,765,000 $164,310 $1,787 3.07%
Bellefontaine, OH (FHA|USDA|VA) 9 $2,915,000 $323,889 $2,679 3.23%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $2,695,000 $539,000 $1,966 3.89%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $2,295,000 $459,000 $4,469 3.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $8,851 3.75%
Urbana, OH (FHA|USDA|VA) 5 $1,275,000 $255,000 $2,831 3.01%
KNOXVILLE, TN (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,028 2.83%
Greenville, OH (FHA|USDA|VA) 4 $1,130,000 $282,500 $2,899 3.63%
SPRINGFIELD, OH (FHA|USDA|VA) 4 $930,000 $232,500 $2,953 3.28%
Sidney, OH (FHA|USDA|VA) 4 $890,000 $222,500 $2,268 3.44%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $670,000 $335,000 $1,987 2.81%
MANSFIELD, OH (FHA|USDA|VA) 4 $620,000 $155,000 $0 4.13%
Coldwater, MI (FHA|USDA|VA) 3 $585,000 $195,000 $2,167 2.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,113 2.38%
MONROE, MI (FHA|USDA|VA) 3 $445,000 $148,333 $2,301 3.33%
FORT WAYNE, IN (FHA|USDA|VA) 3 $385,000 $128,333 $1,711 3.65%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,037 2.75%
Angola, IN (FHA|USDA|VA) 2 $280,000 $140,000 $1,541 3.44%
JACKSON, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,324 3.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $275,000 $275,000 $2,566 2.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $1,555 2.75%
Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $2,086 2.75%
Marion, IN (FHA|USDA|VA) 4 $240,000 $60,000 $0 4.19%
Bluffton, IN (FHA|USDA|VA) 1 $225,000 $225,000 $1,461 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,514 3.13%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $1,682 2.88%
Tupelo, MS (FHA|USDA|VA) 1 $205,000 $205,000 $2,859 3.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,698 2.88%
Arcadia, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,157 2.88%
Warsaw, IN (FHA|USDA|VA) 1 $165,000 $165,000 $1,285 2.88%
Hillsdale, MI (FHA|USDA|VA) 1 $165,000 $165,000 $1,798 2.38%
Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,363 2.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,393 2.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,932 3.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,538 2.75%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,554 3.50%
Adrian, MI (FHA|USDA|VA) 1 $65,000 $65,000 $1,292 2.88%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $45,000 $45,000 $1,788 4.50%

The Citizens National Bank Of Bluffton's top markets include Lima, Celina, Columbus, Toledo, and Findlay among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 725 $140,685,000 $194,048 $2,060 3.16%
FHA 6 $820,000 $136,667 $5,702 2.83%
VA 6 $1,160,000 $193,333 $3,843 2.77%
USDA 4 $600,000 $150,000 $4,543 2.97%

For the 2021 period, The Citizens National Bank Of Bluffton's most frequently originated loan type of loans were Conventional, with 725 originations. Their 2nd most popular type is FHA, with 6 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 341 $66,765,000 $195,792 $2,456 3.37%
Refi 220 $46,530,000 $211,500 $1,764 2.91%
Cash Out Refi 149 $24,975,000 $167,617 $2,107 2.89%
Home Improvement 18 $1,690,000 $93,889 $934 4.16%
Other 13 $3,305,000 $254,231 $2,643 3.33%

For the 2021, The Citizens National Bank Of Bluffton's most frequently cited loan purpose of loans were Home Purchase, with 341 originations. The 2nd most popular reason of loans were Refi, with 220 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 358 $66,480,000 $185,698 $2,360 3.17%
15 Year 171 $28,705,000 $167,865 $1,999 2.48%
10 Year 114 $25,560,000 $224,211 $1,325 4.04%
20 Year 56 $10,100,000 $180,357 $1,903 3.14%
Other 27 $4,575,000 $169,444 $1,468 2.89%
1 Year 13 $5,195,000 $399,615 $1,051 4.32%
5 Year 2 $2,650,000 $1,325,000 $0 4.47%

For the 2021, The Citizens National Bank Of Bluffton's most frequently cited loan length of loans were 30 Year, with 358 originations. The 2nd most popular length of loans were 15 Year, with 171 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 592 $104,000,000 $175,676
$1k-2k 32 $6,120,000 $191,250
$2k-3k 4 $790,000 $197,500
$3k-4k 2 $770,000 $385,000

$2,360 of loans were The Citizens National Bank Of Bluffton's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 592 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 235 $50,985,000 $216,957
2.5-3% 227 $42,725,000 $188,216
<2.5% 153 $25,625,000 $167,484
4-5% 120 $23,610,000 $196,750
5-6% 6 $320,000 $53,333

During 2021, The Citizens National Bank Of Bluffton's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 235 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 327 $47,405,000 $144,969 $2,055 3.02%
$200k-400k 196 $52,330,000 $266,990 $2,321 3.11%
$100,000 or less 172 $11,790,000 $68,547 $1,833 3.41%
$400k-600k 32 $15,190,000 $474,688 $3,008 3.16%
$600k-1MM 8 $6,080,000 $760,000 $2,415 3.93%
$1MM+ 6 $10,470,000 $1,745,000 $8,851 3.87%

2021 saw The Citizens National Bank Of Bluffton place emphasis on $100k-200k loans with 327 originations, totaling $47,405,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 158 $23,490,000 $148,671 $2,087 3.00%
$100k-150k 144 $28,850,000 $200,347 $2,130 3.01%
$50k or less 133 $14,665,000 $110,263 $2,118 3.07%
$75k-100k 115 $19,795,000 $172,130 $2,066 2.97%
$150k-250k 49 $13,675,000 $279,082 $2,470 3.01%
$250k+ 38 $12,160,000 $320,000 $2,563 3.42%

The Citizens National Bank Of Bluffton lent most frequently to those with incomes in the $50k-75k range, with 158 originations. The second most popular income band? $100k-150k, with 144 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 177 $30,285,000 $171,102 $2,124 2.95%
30-36% 116 $20,670,000 $178,190 $2,217 3.08%
<20% 97 $16,325,000 $168,299 $1,946 2.91%
37% 26 $4,860,000 $186,923 $2,017 2.98%
41% 25 $4,225,000 $169,000 $2,068 3.05%
42% 24 $3,460,000 $144,167 $1,797 3.20%
36% 24 $3,920,000 $163,333 $2,180 3.23%
38% 22 $5,060,000 $230,000 $2,284 2.88%
39% 20 $3,490,000 $174,500 $2,516 2.81%
43% 17 $3,175,000 $186,765 $2,288 2.91%
44% 17 $3,125,000 $183,824 $2,292 3.12%
40% 13 $2,125,000 $163,462 $2,207 2.88%
47% 13 $2,875,000 $221,154 $2,240 3.13%
45% 9 $1,725,000 $191,667 $2,539 2.93%
>60% 7 $985,000 $140,714 $950 2.34%
48% 7 $1,055,000 $150,714 $1,819 2.89%
49% 7 $1,715,000 $245,000 $2,791 2.98%
46% 6 $910,000 $151,667 $1,990 2.69%
50-60% 2 $1,580,000 $790,000 $4,717 4.44%

The Citizens National Bank Of Bluffton lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 116 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 645 $114,415,000 $177,388 $2,124 3.03%
Not applicable 84 $26,460,000 $315,000 $0 4.16%
Black 6 $1,250,000 $208,333 $2,625 3.15%
Asian 5 $635,000 $127,000 $1,375 3.23%
Not provided 1 $505,000 $505,000 $3,515 2.13%

Approval Rates

Total approvals of all applications
93.93%

The Citizens National Bank Of Bluffton has an average approval rate.

Pick Rate

Approvals leading to origination
86.41%

The Citizens National Bank Of Bluffton has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 741 $143,265,000 $193,340

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
741 $143,265,000 $193,340

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 37 $6,115,000 $165,270 $2,164 2.82%
40-60% 123 $23,295,000 $189,390 $1,832 2.92%
60-80% 395 $80,985,000 $205,025 $2,070 3.27%
80-100% 165 $31,215,000 $189,182 $2,559 3.03%
Under 20% 17 $955,000 $56,176 $704 4.12%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Citizens National Bank of Bluffton 3130 Executive Parkway Toledo, OH 43606 Full Service B&M $14,952
The Citizens National Bank of Bluffton 102 South Main Street Bluffton, OH 45817 Limited, Administrative $0
The Citizens National Bank of Bluffton 102 South Main Street Bluffton, OH 45817 Full Service B&M $180,292
The Citizens National Bank of Bluffton 1199 Westwood Drive Van Wert, OH 45891 Full Service B&M $138,278
The Citizens National Bank of Bluffton 135 North Main Street Lima, OH 45801 Limited, Drive-thru $0
The Citizens National Bank of Bluffton 138 South Main Street Bluffton, OH 45817 Limited, Drive-thru $0
The Citizens National Bank of Bluffton 1995 Tiffin Avenue Findlay, OH 45840 Full Service B&M $68,300
The Citizens National Bank of Bluffton 201 North Main Street Lima, OH 45801 Full Service B&M $143,314
The Citizens National Bank of Bluffton 30 Warder Street Suite 150 Springfield, OH 45504 Full Service B&M $29,514
The Citizens National Bank of Bluffton 305 Kiracofe Street Elida, OH 45807 Full Service B&M $46,842
The Citizens National Bank of Bluffton 601 E Second Street Defiance, OH 43512 Full Service B&M $52,183
The Citizens National Bank of Bluffton 601 Grand Lake Road Celina, OH 45822 Full Service B&M $86,817

For 2021, The Citizens National Bank Of Bluffton had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $38,586
Net interest income $35,775
Total noninterest income $9,876
Gross Fiduciary activities income $0
Service charges on deposit accounts $451
Trading account gains and fees $0
Additional Noninterest Income $9,425
Pre-tax net operating income $21,959
Securities gains (or losses, -) $747
Income before extraordinary items $22,706
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $22,706
Minority interest net income $0
Net income $22,706
Sale, conversion, retirement of capital stock, net $0
Net operating income $21,959

The Citizens National Bank Of Bluffton's gross interest income from loans was $38,586,000.
The Citizens National Bank Of Bluffton's net interest income from loans was $35,775,000.
The Citizens National Bank Of Bluffton's fee based income from loans was $451,000.
The Citizens National Bank Of Bluffton's net income from loans was $22,706,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,811
Provision for credit losses $360
Total noninterest expense $23,332
Salaries and employee benefits $13,015
Premises and equipment expense $2,398
Additional noninterest expense $7,919
Applicable income taxes $0
Net charge-offs $83
Cash dividends $15,770

The Citizens National Bank Of Bluffton's interest expense for loans was $2,811,000.
The Citizens National Bank Of Bluffton's payroll and benefits expense were $13,015,000.
The Citizens National Bank Of Bluffton's property, plant and equipment expenses $2,398,000.

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 1.0%
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 $792,516
Deposits held in domestic offices $792,516
Deposits by Individuals, partnerships, and corporations $746,160
Deposits by U.S. Government $1
Deposits by States and political subdivisions in the U.S. $43,100
Deposits by Commercial banks and other depository institutions in U.S. $3,255
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $108,512
Demand deposits $78,994
Nontransaction accounts $684,004
Money market deposit accounts (MMDAs) $179,727
Other savings deposits (excluding MMDAs) $441,518
Total time deposits $62,759
Total time and savings deposits $713,522
Noninterest-bearing deposits $227,474
Interest-bearing deposits $565,042
Retail deposits $742,139
IRAs and Keogh plan accounts $2,780
Brokered deposits $43,003
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $970,045
Cash & Balances due from depository institutions $22,058
Interest-bearing balances $7,708
Total securities $186,994
Federal funds sold & reverse repurchase $0
Net loans and leases $738,515
Loan and leases loss allowance $11,072
Trading account assets $0
Bank premises and fixed assets $10,146
Other real estate owned $0
Goodwill and other intangibles $2,109
All other assets $10,223

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $970,045
Total Liabilities $865,176
Total deposits $792,516
Interest-bearing deposits $565,042
Deposits held in domestic offices $792,516
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $68,567
Subordinated debt $0
All other liabilities $4,093

Issued Loan Types

Type Value (in 000's)
Net loans and leases $738,515
Loan and leases loss allowance $11,072
Total loans and leases (domestic) $749,587
All real estate loans $589,765
Real estate loans in domestic offices $589,765
Construction and development loans $56,204
Residential 1-4 family construction $6,013
Other construction, all land development and other land $50,191
Loans secured by nonfarm nonresidential properties $314,581
Nonfarm nonresidential secured by owner-occupied properties $114,224
Commercial real estate & other non-farm, non-residential $200,357
Multifamily residential real estate $29,870
1-4 family residential loans $99,193
Farmland loans $89,917
Loans held in foreign offices $0
Farm loans $48,925
Commercial and industrial loans $104,194
To non-U.S. addressees $0
Loans to individuals $2,404
Credit card loans $1,437
Related Plans $10
Consumer Auto Loans $620
Other loans to individuals $337
All other loans & leases $4,299
Loans to foreign governments and official institutions $0
Other loans $187
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 $5,685
Non 1-4 family restructured loans & leases $4,845
Total loans and leases (foreign) $0

The Citizens National Bank of Bluffton had $738,515,000 of loans outstanding in 2021. $589,765,000 of loans were in real estate loans. $56,204,000 of loans were in development loans. $29,870,000 of loans were in multifamily mortgage loans. $99,193,000 of loans were in 1-4 family mortgage loans. $48,925,000 of loans were in farm loans. $1,437,000 of loans were in credit card loans. $620,000 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 428 $97,306 $227,350
Nonfarm, nonresidential loans - <$100k 81 $3,522 $43,481
Nonfarm, nonresidential loans - $100-250k 139 $17,194 $123,698
Nonfarm, nonresidential loans - $250k-1MM 208 $76,590 $368,221
Commercial & Industrial, US addressed loans - <$1MM 540 $43,591 $80,724
Commercial & Industrial, US addressed loans - <$100k 297 $4,948 $16,660
Commercial & Industrial, US addressed loans - $100-250k 111 $10,090 $90,901
Commercial & Industrial, US addressed loans - $250k-1MM 132 $28,553 $216,311
Farmland loans - <$1MM 395 $29,786 $75,408
Farmland loans - <$100k 88 $2,706 $30,750
Farmland loans - $100-250k 186 $12,061 $64,844
Farmland loans - $250k-1MM 121 $15,019 $124,124
Agriculture operations loans - <$1MM 291 $17,917 $61,570
Agriculture operations loans - <$100k 190 $4,856 $25,558
Agriculture operations loans - $100-250k 62 $5,089 $82,081
Agriculture operations loans - $250k-1MM 39 $7,972 $204,410