Citizens National Bank Of Texas Mortgage Rates, Fees & Info

Waxahachie, TX

LEI: 549300PV2KIL739QYQ35

Tax ID: 75-0187771

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Mortgage Data

Bank Data

Review & Overview

Citizens National Bank Of Texas is a smaller bank specializing in Home Purchase and Refi loans. Citizens National Bank Of Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Stephenville, Phoenix, Houston, and Corsicana among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens National Bank 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

438

Origination Dollar Volume (All Markets)

$135,600,000

Employee count

155

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) 321 $95,965,000 $298,956 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 50 $17,040,000 $340,800 $0 0.00%
Outside of Metro Areas 14 $6,850,000 $489,286 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $2,490,000 $1,245,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,410,000 $401,667 $0 0.00%
Corsicana, TX (FHA|USDA|VA) 13 $1,685,000 $129,615 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 7 $935,000 $133,571 $0 0.00%
Athens, TX (FHA|USDA|VA) 3 $845,000 $281,667 $0 0.00%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $665,000 $221,667 $0 0.00%
WACO, TX (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Menomonie, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Port Lavaca, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Citizens National Bank Of Texas's top markets include Dallas, Stephenville, Phoenix, Houston, and Corsicana among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 438 $135,600,000 $309,589 $0 0.00%

    For 2020, Citizens National Bank Of Texas's most frequently originated type of loan was Conventional, with 438 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $71,465,000 $390,519 $0 0.00%
    Refi 150 $40,880,000 $272,533 $0 0.00%
    Cash Out Refi 93 $22,135,000 $238,011 $0 0.00%
    Home Improvement 12 $1,120,000 $93,333 $0 0.00%

    For 2020, Citizens National Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 438 $135,600,000 $309,589 $0 0.00%

    For 2020, Citizens National Bank Of Texas's most frequently cited loan duration was Other, with 438 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 159 $24,005,000 $150,975 $0 0.00%
    $200k-400k 154 $44,090,000 $286,299 $0 0.00%
    $100,000 or less 56 $3,950,000 $70,536 $0 0.00%
    $400k-600k 42 $20,090,000 $478,333 $0 0.00%
    $1MM+ 15 $34,155,000 $2,277,000 $0 0.00%
    $600k-1MM 12 $9,310,000 $775,833 $0 0.00%

    2020 saw Citizens National Bank Of Texas place emphasis on $100k-200k loans with 159 originations, totaling $24,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 75 $19,585,000 $261,133 $0 0.00%
    $100k-150k 73 $16,265,000 $222,808 $0 0.00%
    $250k+ 59 $29,245,000 $495,678 $0 0.00%
    $75k-100k 47 $9,095,000 $193,511 $0 0.00%
    $50k-75k 46 $6,350,000 $138,043 $0 0.00%
    $50k or less 15 $2,125,000 $141,667 $0 0.00%

    Citizens National Bank Of Texas lent most frequently to those with incomes in the $150k-250k range, with 75 originations. The second most popular income band? $100k-150k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 438 $135,600,000 $309,589 $0 0.00%

    Citizens National Bank Of Texas lent most frequently to those with DTI ratios of Exempt%, with 438 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 304 $78,270,000 $257,467 $0 0.00%
    Not applicable 80 $41,390,000 $517,375 $0 0.00%
    Not provided 36 $10,850,000 $301,389 $0 0.00%
    Asian 7 $1,765,000 $252,143 $0 0.00%
    Black 6 $1,560,000 $260,000 $0 0.00%
    American Indian 3 $865,000 $288,333 $0 0.00%
    Other Asian 1 $495,000 $495,000 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.84%

    Citizens National Bank Of Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.95%

    Citizens National Bank Of Texas has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 438 $135,600,000 $309,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $29,930,000 $1,662,778
    Single Family (1-4 Units):Site-Built 420 $105,670,000 $251,595

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens National Bank of Texas 1001 North Hwy 77 Waxahachie, TX 75165 Full Service B&M $209,354
    Citizens National Bank of Texas 102 Harris Ave Red Oak, TX 75154 Full Service B&M $120,354
    Citizens National Bank of Texas 1021 East Hwy 287 Midlothian, TX 76065 Full Service B&M $176,889
    Citizens National Bank of Texas 106 West Hwy 1382 Cedar Hill, TX 75104 Full Service B&M $170,994
    Citizens National Bank of Texas 124 East Main St. Italy, TX 76651 Full Service B&M $12,690
    Citizens National Bank of Texas 1651 Sw Wilshire Blvd Burleson, TX 76028 Full Service B&M $41,934
    Citizens National Bank of Texas 200 North Elm Street Waxahachie, TX 75165 Full Service B&M $317,456
    Citizens National Bank of Texas 2001 Bates Dr Waxahachie, TX 75167 Full Service B&M $1,782
    Citizens National Bank of Texas 2207 West Washington Street Stephenville, TX 76401 Full Service B&M $23,905
    Citizens National Bank of Texas 300 Granbury Street Cleburne, TX 76033 Full Service B&M $4,484
    Citizens National Bank of Texas 310 North Ninth St. Midlothian, TX 76065 Full Service B&M $113,616
    Citizens National Bank of Texas 500 East Ennis Avenue Ennis, TX 75119 Full Service B&M $58,937
    Citizens National Bank of Texas 800 North Hwy 77 Waxahachie, TX 75165 Full Service Retail $20,435
    Citizens National Bank of Texas 800 Santa Fe Drive Weatherford, TX 76086 Limited, Drive-thru $14,743

    For 2020, Citizens National Bank Of Texas had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,973
    Net interest income $57,758
    Total noninterest income $14,329
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,918
    Trading account gains and fees $0
    Additional Noninterest Income $10,411
    Pre-tax net operating income $34,836
    Securities gains (or losses, -) $0
    Income before extraordinary items $27,410
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $27,410
    Minority interest net income $0
    Net income $27,410
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,410

    Citizens National Bank Of Texas's gross interest income from loans was $62,973,000.
    Citizens National Bank Of Texas's net interest income from loans was $57,758,000.
    Citizens National Bank Of Texas's fee based income from loans was $3,918,000.
    Citizens National Bank Of Texas's net income from loans was $27,410,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,215
    Provision for credit losses $3,000
    Total noninterest expense $34,251
    Salaries and employee benefits $19,278
    Premises and equipment expense $3,873
    Additional noninterest expense $11,100
    Applicable income taxes $7,426
    Net charge-offs $1,453
    Cash dividends $15,560

    Citizens National Bank Of Texas's interest expense for loans was $5,215,000.
    Citizens National Bank Of Texas's payroll and benefits expense were $19,278,000.
    Citizens National Bank Of Texas's property, plant and equipment expenses $3,873,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 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 $1,434,828
    Deposits held in domestic offices $1,434,828
    Deposits by Individuals, partnerships, and corporations $1,399,740
    Deposits by U.S. Government $1,315
    Deposits by States and political subdivisions in the U.S. $33,773
    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 $80,673
    Demand deposits $36,233
    Nontransaction accounts $1,354,155
    Money market deposit accounts (MMDAs) $1,007,395
    Other savings deposits (excluding MMDAs) $251,622
    Total time deposits $95,138
    Total time and savings deposits $1,398,595
    Noninterest-bearing deposits $447,135
    Interest-bearing deposits $987,693
    Retail deposits $1,421,620
    IRAs and Keogh plan accounts $18,785
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,581,504
    Cash & Balances due from depository institutions $369,551
    Interest-bearing balances $343,503
    Total securities $7,911
    Federal funds sold & reverse repurchase $250
    Net loans and leases $1,130,558
    Loan and leases loss allowance $10,014
    Trading account assets $0
    Bank premises and fixed assets $26,323
    Other real estate owned $677
    Goodwill and other intangibles $5,273
    All other assets $40,961

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,581,504
    Total Liabilities $1,440,610
    Total deposits $1,434,828
    Interest-bearing deposits $987,693
    Deposits held in domestic offices $1,434,828
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,782

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,130,558
    Loan and leases loss allowance $10,014
    Total loans and leases (domestic) $1,140,572
    All real estate loans $919,442
    Real estate loans in domestic offices $919,442
    Construction and development loans $144,435
    Residential 1-4 family construction $22,191
    Other construction, all land development and other land $122,244
    Loans secured by nonfarm nonresidential properties $551,668
    Nonfarm nonresidential secured by owner-occupied properties $369,843
    Commercial real estate & other non-farm, non-residential $181,825
    Multifamily residential real estate $44,312
    1-4 family residential loans $155,625
    Farmland loans $23,402
    Loans held in foreign offices $0
    Farm loans $1,916
    Commercial and industrial loans $173,997
    To non-U.S. addressees $0
    Loans to individuals $8,452
    Credit card loans $0
    Related Plans $809
    Consumer Auto Loans $3,610
    Other loans to individuals $4,033
    All other loans & leases $36,765
    Loans to foreign governments and official institutions $0
    Other loans $3,133
    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 $1,361
    Non 1-4 family restructured loans & leases $1,361
    Total loans and leases (foreign) $0

    Citizens National Bank of Texas had $1,130,558,000 of loans outstanding in 2020. $919,442,000 of loans were in real estate loans. $144,435,000 of loans were in development loans. $44,312,000 of loans were in multifamily mortgage loans. $155,625,000 of loans were in 1-4 family mortgage loans. $1,916,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,610,000 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 508 $150,879 $297,006
    Nonfarm, nonresidential loans - <$100k 65 $4,224 $64,985
    Nonfarm, nonresidential loans - $100-250k 150 $21,519 $143,460
    Nonfarm, nonresidential loans - $250k-1MM 293 $125,136 $427,085
    Commercial & Industrial, US addressed loans - <$1MM 824 $67,748 $82,218
    Commercial & Industrial, US addressed loans - <$100k 587 $15,102 $25,727
    Commercial & Industrial, US addressed loans - $100-250k 137 $18,657 $136,182
    Commercial & Industrial, US addressed loans - $250k-1MM 100 $33,989 $339,890
    Farmland loans - <$1MM 23 $3,402 $147,913
    Farmland loans - <$100k 9 $345 $38,333
    Farmland loans - $100-250k 7 $1,122 $160,286
    Farmland loans - $250k-1MM 7 $1,935 $276,429
    Agriculture operations loans - <$1MM 13 $294 $22,615
    Agriculture operations loans - <$100k 10 $165 $16,500
    Agriculture operations loans - $100-250k 3 $129 $43,000