Century Bank Mortgage Rates, Fees & Info

Lucedale, MS

LEI: 549300NAIUVHH8SCGC11

Tax ID: 64-0116990

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Mortgage Data

Review & Overview

Century Bank is a smaller bank specializing in Home Purchase loans. Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mobile, Daphne, Gulfport, and Birmingham among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Century 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

157

Origination Dollar Volume (All Markets)

$47,175,000

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
MOBILE, AL (FHA|USDA|VA) 78 $20,430,000 $261,923 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 16 $12,340,000 $771,250 $0 0.00%
Outside of Metro Areas 44 $8,330,000 $189,318 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 18 $5,880,000 $326,667 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Century Bank's top markets include Mobile, Daphne, Gulfport, and Birmingham among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $47,175,000 $300,478 $0 0.00%

    For 2023, Century Bank's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 110 $39,310,000 $357,364 $0 0.00%
    Cash Out Refi 26 $6,190,000 $238,077 $0 0.00%
    Other 9 $835,000 $92,778 $0 0.00%
    Refi 9 $515,000 $57,222 $0 0.00%
    Home Improvement 3 $325,000 $108,333 $0 0.00%

    For 2023, Century Bank's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $47,175,000 $300,478 $0 0.00%

    For 2023, Century Bank's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 54 $7,640,000 $141,481 $0 0.00%
    $200k-400k 37 $10,345,000 $279,595 $0 0.00%
    $100,000 or less 36 $2,250,000 $62,500 $0 0.00%
    $400k-600k 16 $7,810,000 $488,125 $0 0.00%
    $1MM+ 9 $15,165,000 $1,685,000 $0 0.00%
    $600k-1MM 5 $3,965,000 $793,000 $0 0.00%

    2023 saw Century Bank place emphasis on $100k-200k loans with 54 originations, totaling $7,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $5,960,000 $270,909 $0 0.00%
    $50k-75k 20 $2,670,000 $133,500 $0 0.00%
    $100k-150k 18 $5,000,000 $277,778 $0 0.00%
    $75k-100k 14 $2,400,000 $171,429 $0 0.00%
    $250k+ 12 $10,020,000 $835,000 $0 0.00%
    $50k or less 10 $840,000 $84,000 $0 0.00%

    Century Bank lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $47,175,000 $300,478 $0 0.00%

    Century Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $23,380,000 $265,682 $0 0.00%
    Not applicable 59 $20,065,000 $340,085 $0 0.00%
    Black 5 $2,105,000 $421,000 $0 0.00%
    Not provided 4 $1,350,000 $337,500 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.22%

    Century Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.89%

    Century Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $47,175,000 $300,478

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $47,175,000 $300,478