The City National Bank Of Taylor Mortgage Rates, Fees & Info

Taylor, TX

LEI: 549300PHUZ7U5WPH7Z38

Tax ID: 74-0560700

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Mortgage Data

Bank Data

Review & Overview

The City National Bank Of Taylor is a smaller bank specializing in Home Purchase loans. The City National Bank Of Taylor has a high proportion of conventional loans. Their top (well, only) market is Austin.

The City National Bank Of Taylor has an above average approval rate when compared to the average across all lenders.

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Originations

97

Origination Dollar Volume (All Markets)

$16,735,000

Employee count

41

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
Outside of Metro Areas 33 $8,995,000 $272,576 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 64 $7,740,000 $120,938 $0 0.00%
The City National Bank Of Taylor's top markets include and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $16,735,000 $172,526 $0 0.00%

    For 2019, The City National Bank Of Taylor's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $12,475,000 $226,818 $0 0.00%
    Refi 21 $2,735,000 $130,238 $0 0.00%
    Home Improvement 17 $1,315,000 $77,353 $0 0.00%
    Other 4 $210,000 $52,500 $0 0.00%

    For 2019, The City National Bank Of Taylor's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $16,735,000 $172,526 $0 0.00%

    For 2019, The City National Bank Of Taylor's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,700,000 $64,286 $0 0.00%
    $100k-200k 27 $3,775,000 $139,815 $0 0.00%
    $200k-400k 20 $5,470,000 $273,500 $0 0.00%
    $400k-600k 5 $2,335,000 $467,000 $0 0.00%
    $600k-1MM 3 $2,455,000 $818,333 $0 0.00%

    2019 saw The City National Bank Of Taylor place emphasis on $100,000 or less loans with 42 originations, totaling $2,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 23 $5,885,000 $255,870 $0 0.00%
    $100k-150k 16 $2,340,000 $146,250 $0 0.00%
    $50k-75k 12 $1,350,000 $112,500 $0 0.00%
    $75k-100k 12 $1,440,000 $120,000 $0 0.00%
    $150k-250k 8 $1,980,000 $247,500 $0 0.00%
    $50k or less 7 $565,000 $80,714 $0 0.00%

    The City National Bank Of Taylor lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $16,735,000 $172,526 $0 0.00%

    The City National Bank Of Taylor lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $13,280,000 $170,256 $0 0.00%
    Not applicable 16 $3,010,000 $188,125 $0 0.00%
    Not provided 1 $275,000 $275,000 $0 0.00%
    Black 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.98%

    The City National Bank Of Taylor has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $16,735,000 $172,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 97 $16,735,000 $172,526

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The City National Bank of Taylor 116 West Third Street Taylor, TX 76574 Full Service B&M $171,763

    For 2019, The City National Bank Of Taylor had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,169
    Net interest income $7,802
    Total noninterest income $1,894
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,510
    Trading account gains and fees $0
    Additional Noninterest Income $384
    Pre-tax net operating income $3,155
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,155
    Minority interest net income $0
    Net income $3,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,155

    The City National Bank Of Taylor's gross interest income from loans was $8,169,000.
    The City National Bank Of Taylor's net interest income from loans was $7,802,000.
    The City National Bank Of Taylor's fee based income from loans was $1,510,000.
    The City National Bank Of Taylor's net income from loans was $3,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $367
    Provision for credit losses $0
    Total noninterest expense $6,541
    Salaries and employee benefits $3,475
    Premises and equipment expense $671
    Additional noninterest expense $2,395
    Applicable income taxes $0
    Net charge-offs $3
    Cash dividends $2,794

    The City National Bank Of Taylor's interest expense for loans was $367,000.
    The City National Bank Of Taylor's payroll and benefits expense were $3,475,000.
    The City National Bank Of Taylor's property, plant and equipment expenses $671,000.

    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 0.1%
    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 $174,308
    Deposits held in domestic offices $174,308
    Deposits by Individuals, partnerships, and corporations $170,751
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $3,409
    Deposits by Commercial banks and other depository institutions in U.S. $143
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $97,582
    Demand deposits $52,590
    Nontransaction accounts $76,726
    Money market deposit accounts (MMDAs) $19,858
    Other savings deposits (excluding MMDAs) $47,399
    Total time deposits $9,469
    Total time and savings deposits $121,718
    Noninterest-bearing deposits $52,590
    Interest-bearing deposits $121,718
    Retail deposits $174,308
    IRAs and Keogh plan accounts $2,573
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $197,116
    Cash & Balances due from depository institutions $21,532
    Interest-bearing balances $18,004
    Total securities $55,915
    Federal funds sold & reverse repurchase $0
    Net loans and leases $115,629
    Loan and leases loss allowance $1,783
    Trading account assets $0
    Bank premises and fixed assets $2,245
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,795

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $197,116
    Total Liabilities $174,568
    Total deposits $174,308
    Interest-bearing deposits $121,718
    Deposits held in domestic offices $174,308
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12
    Subordinated debt $0
    All other liabilities $248

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $115,629
    Loan and leases loss allowance $1,783
    Total loans and leases (domestic) $117,412
    All real estate loans $109,251
    Real estate loans in domestic offices $109,251
    Construction and development loans $9,070
    Residential 1-4 family construction $7,819
    Other construction, all land development and other land $1,251
    Loans secured by nonfarm nonresidential properties $13,907
    Nonfarm nonresidential secured by owner-occupied properties $8,153
    Commercial real estate & other non-farm, non-residential $5,754
    Multifamily residential real estate $1,726
    1-4 family residential loans $75,739
    Farmland loans $8,809
    Loans held in foreign offices $0
    Farm loans $2,070
    Commercial and industrial loans $4,593
    To non-U.S. addressees $0
    Loans to individuals $1,431
    Credit card loans $790
    Related Plans $81
    Consumer Auto Loans $399
    Other loans to individuals $161
    All other loans & leases $67
    Loans to foreign governments and official institutions $0
    Other loans $67
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $178
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The City National Bank of Taylor had $115,629,000 of loans outstanding in 2019. $109,251,000 of loans were in real estate loans. $9,070,000 of loans were in development loans. $1,726,000 of loans were in multifamily mortgage loans. $75,739,000 of loans were in 1-4 family mortgage loans. $2,070,000 of loans were in farm loans. $790,000 of loans were in credit card loans. $399,000 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 65 $13,020 $200,308
    Nonfarm, nonresidential loans - <$100k 17 $605 $35,588
    Nonfarm, nonresidential loans - $100-250k 21 $2,573 $122,524
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,842 $364,519
    Commercial & Industrial, US addressed loans - <$1MM 369 $4,593 $12,447
    Commercial & Industrial, US addressed loans - <$100k 349 $2,681 $7,682
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,008 $84,000
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $904 $113,000
    Farmland loans - <$1MM 49 $7,759 $158,347
    Farmland loans - <$100k 10 $358 $35,800
    Farmland loans - $100-250k 23 $2,869 $124,739
    Farmland loans - $250k-1MM 16 $4,532 $283,250
    Agriculture operations loans - <$1MM 57 $2,069 $36,298
    Agriculture operations loans - <$100k 43 $807 $18,767
    Agriculture operations loans - $100-250k 9 $819 $91,000
    Agriculture operations loans - $250k-1MM 5 $443 $88,600