Central Bank Mortgage Rates, Fees & Info

Storm Lake, IA

LEI: 549300Q76VHK6FGPX546

Tax ID: 42-0191897

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Central Bank is a smaller bank specializing in Refi and Home Purchase loans. Central Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Des Moines, Sioux City, Spirit Lake, Sioux Falls, and Storm Lake among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central 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. Central Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.55% 4/21/24
    30 Year Conventional Purchase 6.61% 4/21/24
    30 Year Conventional Refi 6.49% 4/21/24
    30 Year Cash-out Refi 6.52% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year USDA Purchase 7.30% 4/21/24
    15 Year Conventional Purchase 6.19% 4/21/24
    15 Year Conventional Refi 6.15% 4/21/24
    15 Year Cash-out Refi 6.15% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Central Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Central Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,932

    Origination Dollar Volume (All Markets)

    $441,660,000

    Employee count

    283

    Awards

    Central Bank USDA Loans gold Central Bank USDA Loans gold
    Show all (2) awards

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 416 $114,450,000 $275,120 $1,982 3.10%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 436 $88,220,000 $202,339 $3,131 3.25%
    Spirit Lake, IA (FHA|USDA|VA) 233 $66,915,000 $287,189 $3,215 3.02%
    SIOUX FALLS, SD (FHA|USDA|VA) 201 $56,855,000 $282,861 $3,992 3.02%
    Outside of Metro Areas 238 $37,770,000 $158,697 $3,048 3.14%
    Storm Lake, IA (FHA|USDA|VA) 234 $34,000,000 $145,299 $2,495 3.31%
    Brookings, SD (FHA|USDA|VA) 40 $6,310,000 $157,750 $3,271 3.60%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $4,835,000 $322,333 $3,436 3.12%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 13 $2,975,000 $228,846 $3,670 3.13%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 8 $2,730,000 $341,250 $5,156 2.77%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $5,901 4.00%
    Spencer, IA (FHA|USDA|VA) 10 $1,360,000 $136,000 $2,993 3.18%
    AMES, IA (FHA|USDA|VA) 4 $1,270,000 $317,500 $2,905 3.09%
    Watertown, SD (FHA|USDA|VA) 5 $1,205,000 $241,000 $4,296 2.82%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,956 3.54%
    IOWA CITY, IA (FHA|USDA|VA) 5 $935,000 $187,000 $1,985 3.20%
    Spearfish, SD (FHA|USDA|VA) 3 $925,000 $308,333 $4,818 2.75%
    Yankton, SD (FHA|USDA|VA) 4 $900,000 $225,000 $3,460 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $885,000 $885,000 $3,271 2.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $845,000 $281,667 $4,631 3.21%
    Sheridan, WY (FHA|USDA|VA) 1 $785,000 $785,000 $7,039 2.75%
    Pella, IA (FHA|USDA|VA) 2 $700,000 $350,000 $4,249 3.19%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,270 3.08%
    RICHMOND, VA (FHA|USDA|VA) 2 $630,000 $315,000 $2,800 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $610,000 $305,000 $4,181 3.06%
    Mason City, IA (FHA|USDA|VA) 2 $550,000 $275,000 $1,614 2.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $515,000 $515,000 $8,798 2.63%
    Brainerd, MN (FHA|USDA|VA) 1 $515,000 $515,000 $2,900 3.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,701 2.63%
    Fairmont, MN (FHA|USDA|VA) 1 $515,000 $515,000 $7,454 2.63%
    TUCSON, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $9,953 3.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $510,000 $255,000 $2,484 2.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $485,000 $485,000 $5,696 3.75%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $455,000 $455,000 $2,539 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $445,000 $445,000 $1,884 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $440,000 $220,000 $4,397 3.00%
    Marshalltown, IA (FHA|USDA|VA) 2 $440,000 $220,000 $1,845 2.69%
    RAPID CITY, SD (FHA|USDA|VA) 1 $385,000 $385,000 $5,175 2.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $370,000 $185,000 $2,714 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,773 2.75%
    Fergus Falls, MN (FHA|USDA|VA) 1 $345,000 $345,000 $5,325 3.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $2,981 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $315,000 $315,000 $6,908 2.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $285,000 $285,000 $2,631 3.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $285,000 $285,000 $2,106 2.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,888 3.88%
    Mitchell, SD (FHA|USDA|VA) 1 $275,000 $275,000 $4,557 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,842 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $220,000 $110,000 $1,139 3.81%
    WICHITA, KS (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.00%
    Forest City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $4,135 2.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,407 2.63%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $185,000 $185,000 $1,352 2.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $4,085 2.25%
    Vermillion, SD (FHA|USDA|VA) 1 $185,000 $185,000 $3,326 2.63%
    Warrensburg, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,632 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,557 2.88%
    Madison, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,528 3.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,519 2.13%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,056 3.13%
    Murray, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,621 2.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,590 2.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $3,578 2.63%
    Fort Dodge, IA (FHA|USDA|VA) 2 $70,000 $35,000 $310 5.19%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $55,000 $55,000 $2,202 2.63%
    Central Bank's top markets include Des Moines, Sioux City, Spirit Lake, Sioux Falls, and Storm Lake among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Central Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    United Bank of Iowa
    Similarity Rank: 90
    FINANCIAL PLUS Credit Union
    Similarity Rank: 172
    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 182
    GREATER IOWA CREDIT UNION
    Similarity Rank: 204
    Raccoon Valley Bank
    Similarity Rank: 299
    Fidelity Bank
    Similarity Rank: 330
    Tradition Mortgage, LLC
    Similarity Rank: 441
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 442
    MEMBERS1st Community Credit Union
    Similarity Rank: 546
    Dacotah Bank
    Similarity Rank: 561

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,868 $434,800,000 $232,762 $2,901 3.15%
    USDA 63 $6,475,000 $102,778 $4,153 3.16%
    FHA 1 $385,000 $385,000 $0 4.50%

    For 2020, Central Bank's most frequently originated type of loan was Conventional, with 1,868 originations. Their 2nd most popular type was USDA, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 964 $236,820,000 $245,664 $2,582 3.00%
    Home Purchase 682 $148,730,000 $218,079 $3,549 3.34%
    Cash Out Refi 248 $51,480,000 $207,581 $2,959 3.10%
    Home Improvement 19 $1,925,000 $101,316 $770 4.37%
    Other 19 $2,705,000 $142,368 $1,832 3.76%

    For 2020, Central Bank's most frequently cited loan purpose was Refi, with 964 originations. The 2nd most popular reason was Home Purchase, with 682 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,049 $262,735,000 $250,462 $3,246 3.20%
    15 Year 433 $78,465,000 $181,212 $2,656 2.71%
    20 Year 205 $40,875,000 $199,390 $2,404 3.11%
    5 Year 94 $16,720,000 $177,872 $334 4.22%
    10 Year 77 $24,555,000 $318,896 $1,981 2.89%
    Other 58 $11,760,000 $202,759 $2,668 4.10%
    1 Year 7 $1,645,000 $235,000 $0 4.54%
    30+ year 5 $2,305,000 $461,000 $6,148 3.84%
    3 Year 4 $2,600,000 $650,000 $183 4.19%

    For 2020, Central Bank's most frequently cited loan duration was 30 Year, with 1,049 originations. The 2nd most popular length was 15 Year, with 433 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 710 $160,860,000 $226,563
    $1k-2k 474 $71,090,000 $149,979
    $2k-3k 321 $69,295,000 $215,872
    $3k-4k 126 $37,620,000 $298,571
    $5k+ 52 $32,370,000 $622,500
    $4k-5k 47 $18,465,000 $392,872

    Central Bank's average total fees were $3,246, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 710 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 746 $174,880,000 $234,424
    3-4% 636 $163,470,000 $257,028
    <2.5% 336 $68,520,000 $203,929
    4-5% 185 $31,795,000 $171,865
    5-6% 27 $2,895,000 $107,222
    6-7% 2 $100,000 $50,000

    During 2020, Central Bank's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 2.5-3%, with 746 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 699 $104,105,000 $148,934 $2,698 3.11%
    $200k-400k 673 $184,925,000 $274,777 $3,037 3.04%
    $100,000 or less 357 $24,245,000 $67,913 $2,178 3.45%
    $400k-600k 167 $77,585,000 $464,581 $3,923 3.10%
    $600k-1MM 21 $16,145,000 $768,810 $8,456 3.50%
    $1MM+ 15 $34,655,000 $2,310,333 $9,644 3.49%

    2020 saw Central Bank place emphasis on $100k-200k loans with 699 originations, totaling $104,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 420 $97,530,000 $232,214 $2,969 3.11%
    $50k-75k 337 $50,995,000 $151,320 $2,739 3.11%
    $75k-100k 315 $65,405,000 $207,635 $2,907 3.07%
    $50k or less 309 $36,935,000 $119,531 $2,487 3.13%
    $150k-250k 271 $76,135,000 $280,941 $3,212 3.08%
    $250k+ 152 $71,520,000 $470,526 $4,146 3.05%

    Central Bank lent most frequently to those with incomes in the $100k-150k range, with 420 originations. The second most popular income band? $50k-75k, with 337 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 472 $102,410,000 $216,970 $2,860 3.05%
    30-36% 369 $76,585,000 $207,547 $3,012 3.10%
    <20% 293 $72,135,000 $246,195 $2,937 2.94%
    44% 67 $14,995,000 $223,806 $3,275 3.12%
    36% 61 $12,855,000 $210,738 $2,816 3.06%
    41% 58 $11,960,000 $206,207 $3,378 3.07%
    39% 58 $14,750,000 $254,310 $3,300 3.14%
    40% 55 $13,175,000 $239,545 $2,889 3.22%
    37% 55 $12,645,000 $229,909 $3,319 3.23%
    43% 52 $10,470,000 $201,346 $3,097 3.07%
    38% 45 $8,965,000 $199,222 $3,135 3.11%
    42% 36 $8,550,000 $237,500 $2,808 3.07%
    45% 25 $5,435,000 $217,400 $3,178 2.95%
    49% 21 $5,345,000 $254,524 $2,781 2.82%
    48% 16 $3,510,000 $219,375 $3,455 2.98%
    47% 14 $3,340,000 $238,571 $2,706 3.09%
    46% 9 $1,845,000 $205,000 $3,653 3.51%
    50-60% 7 $1,655,000 $236,429 $2,988 3.34%
    >60% 3 $415,000 $138,333 $2,053 4.17%

    Central Bank lent most frequently to those with DTI ratios of 20-30%, with 472 originations. The next most common DTI ratio? 30-36%, with 369 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,743 $388,795,000 $223,061 $2,950 3.10%
    Not applicable 96 $34,760,000 $362,083 $0 4.15%
    Asian 37 $7,855,000 $212,297 $2,947 3.10%
    Not provided 36 $6,980,000 $193,889 $2,735 3.20%
    Black 12 $1,920,000 $160,000 $3,074 3.34%
    American Indian 5 $835,000 $167,000 $2,570 3.10%
    Asian Indian 1 $295,000 $295,000 $2,051 2.88%
    Native Hawaiian or Islander 1 $135,000 $135,000 $4,781 3.75%
    Other Asian 1 $85,000 $85,000 $2,151 2.50%

    Approval Rates

    Total approvals of all applications
    96.75%

    Central Bank 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
    89.54%

    Central Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,932 $441,660,000 $228,602

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $240,000 $120,000
    Multifamily:Site-Built 20 $24,880,000 $1,244,000
    Single Family (1-4 Units):Manufactured 3 $455,000 $151,667
    Single Family (1-4 Units):Site-Built 1,907 $416,085,000 $218,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $19,925,000 $164,669 $2,098 3.31%
    40-60% 333 $71,025,000 $213,288 $2,663 2.91%
    60-80% 855 $213,875,000 $250,146 $3,025 3.13%
    80-100% 585 $134,155,000 $229,325 $3,247 3.22%
    Over 100% 3 $855,000 $285,000 $0 4.67%
    Under 20% 35 $1,825,000 $52,143 $537 4.29%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 2 50.0%
    CENTERSTATE BANK CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Central Bank 1003 Highway 71 South Okoboji, IA 51355 Limited, Drive-thru $3
    Central Bank 121 East Fifth Street Storm Lake, IA 50588 Full Service B&M $46,866
    Central Bank 1237 Lake Avenue Storm Lake, IA 50588 Limited, Drive-thru $9,379
    Central Bank 1400 18th Street Spirit Lake, IA 51360 Full Service B&M $122,900
    Central Bank 1413 North Lake Avenue Storm Lake, IA 50588 Full Service B&M $11,225
    Central Bank 2 Bow Drive Cherokee, IA 51012 Limited, Drive-thru $2,106
    Central Bank 201 West Main Street Cherokee, IA 51012 Full Service B&M $85,262
    Central Bank 2104 W. 12th St. Sioux Falls, SD 57104 Full Service B&M $9,843
    Central Bank 2500 S. Minnesota Ave. Sioux Falls, SD 57105 Full Service B&M $27,585
    Central Bank 2805 North Ankeny Blvd Ankeny, IA 50023 Full Service B&M $36,091
    Central Bank 2906 Hamilton Blvd Sioux City, IA 51104 Full Service B&M $44,325
    Central Bank 300 E Hickman Rd Waukee, IA 50263 Full Service B&M $24,875
    Central Bank 302 Jones St, Ste 100 Sioux City, IA 51101 Limited, Drive-thru $18
    Central Bank 3455 Ingersoll Avenue Des Moines, IA 50312 Full Service B&M $7,779
    Central Bank 3624 Sixth Avenue Des Moines, IA 50313 Full Service B&M $12,263
    Central Bank 3800 100th Street Urbandale, IA 50322 Full Service B&M $45,307
    Central Bank 400 Gold Circle, Suite 100 Dakota Dunes, SD 57049 Full Service B&M $52,425
    Central Bank 4018 University Avenue Des Moines, IA 50311 Full Service B&M $27,640
    Central Bank 4201 South Lakeport Sioux City, IA 51102 Full Service B&M $36,708
    Central Bank 4848 86th Street Urbandale, IA 50322 Full Service B&M $53,164
    Central Bank 4900 S Western Ave Sioux Falls, SD 57108 Full Service B&M $64,543
    Central Bank 504 Fourth Street Branch Sioux City, IA 51101 Full Service B&M $168,491
    Central Bank 5070 Mills Civic Parkway West Des Moines, IA 50265 Full Service B&M $58,487
    Central Bank 600 Lake Avenue Storm Lake, IA 50588 Full Service B&M $169,358
    Central Bank 600 Main Avenue Brookings, SD 57006 Full Service B&M $51,720
    Central Bank 6601 Westown Parkway #140 West Des Moines, IA 50266 Full Service B&M $66,980

    For 2020, Central Bank had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,116
    Net interest income $47,679
    Total noninterest income $23,628
    Gross Fiduciary activities income $30
    Service charges on deposit accounts $1,004
    Trading account gains and fees $0
    Additional Noninterest Income $22,594
    Pre-tax net operating income $22,712
    Securities gains (or losses, -) $5
    Income before extraordinary items $17,291
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,291
    Minority interest net income $0
    Net income $17,291
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,287

    Central Bank's gross interest income from loans was $55,116,000.
    Central Bank's net interest income from loans was $47,679,000.
    Central Bank's fee based income from loans was $1,004,000.
    Central Bank's net income from loans was $17,291,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,437
    Provision for credit losses $4,000
    Total noninterest expense $44,595
    Salaries and employee benefits $27,584
    Premises and equipment expense $4,877
    Additional noninterest expense $12,134
    Applicable income taxes $5,426
    Net charge-offs $334
    Cash dividends $4,000

    Central Bank's interest expense for loans was $7,437,000.
    Central Bank's payroll and benefits expense were $27,584,000.
    Central Bank's property, plant and equipment expenses $4,877,000.

    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 $1,325,902
    Deposits held in domestic offices $1,325,902
    Deposits by Individuals, partnerships, and corporations $1,255,074
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $69,835
    Deposits by Commercial banks and other depository institutions in U.S. $993
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $196,304
    Demand deposits $139,933
    Nontransaction accounts $1,129,598
    Money market deposit accounts (MMDAs) $265,063
    Other savings deposits (excluding MMDAs) $559,435
    Total time deposits $305,098
    Total time and savings deposits $1,185,969
    Noninterest-bearing deposits $295,742
    Interest-bearing deposits $1,030,160
    Retail deposits $1,218,740
    IRAs and Keogh plan accounts $29,628
    Brokered deposits $5,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,495,421
    Cash & Balances due from depository institutions $93,085
    Interest-bearing balances $64,161
    Total securities $63,908
    Federal funds sold & reverse repurchase $56
    Net loans and leases $1,264,937
    Loan and leases loss allowance $13,811
    Trading account assets $0
    Bank premises and fixed assets $35,182
    Other real estate owned $300
    Goodwill and other intangibles $18,771
    All other assets $19,182

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,495,421
    Total Liabilities $1,355,919
    Total deposits $1,325,902
    Interest-bearing deposits $1,030,160
    Deposits held in domestic offices $1,325,902
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $24,464
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,264,937
    Loan and leases loss allowance $13,811
    Total loans and leases (domestic) $1,278,748
    All real estate loans $859,920
    Real estate loans in domestic offices $859,920
    Construction and development loans $91,531
    Residential 1-4 family construction $38,879
    Other construction, all land development and other land $52,652
    Loans secured by nonfarm nonresidential properties $365,831
    Nonfarm nonresidential secured by owner-occupied properties $120,934
    Commercial real estate & other non-farm, non-residential $244,897
    Multifamily residential real estate $49,364
    1-4 family residential loans $273,579
    Farmland loans $79,615
    Loans held in foreign offices $0
    Farm loans $57,114
    Commercial and industrial loans $326,308
    To non-U.S. addressees $0
    Loans to individuals $21,490
    Credit card loans $2,038
    Related Plans $1,171
    Consumer Auto Loans $10,530
    Other loans to individuals $7,751
    All other loans & leases $13,916
    Loans to foreign governments and official institutions $0
    Other loans $13,916
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Central Bank had $1,264,937,000 of loans outstanding in 2020. $859,920,000 of loans were in real estate loans. $91,531,000 of loans were in development loans. $49,364,000 of loans were in multifamily mortgage loans. $273,579,000 of loans were in 1-4 family mortgage loans. $57,114,000 of loans were in farm loans. $2,038,000 of loans were in credit card loans. $10,530,000 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 409 $105,829 $258,751
    Nonfarm, nonresidential loans - <$100k 155 $6,531 $42,135
    Nonfarm, nonresidential loans - $100-250k 89 $15,038 $168,966
    Nonfarm, nonresidential loans - $250k-1MM 165 $84,260 $510,667
    Commercial & Industrial, US addressed loans - <$1MM 1,748 $155,976 $89,231
    Commercial & Industrial, US addressed loans - <$100k 1,315 $33,022 $25,112
    Commercial & Industrial, US addressed loans - $100-250k 263 $42,913 $163,167
    Commercial & Industrial, US addressed loans - $250k-1MM 170 $80,041 $470,829
    Farmland loans - <$1MM 191 $27,164 $142,220
    Farmland loans - <$100k 96 $3,255 $33,906
    Farmland loans - $100-250k 55 $9,264 $168,436
    Farmland loans - $250k-1MM 40 $14,645 $366,125
    Agriculture operations loans - <$1MM 321 $21,664 $67,489
    Agriculture operations loans - <$100k 262 $7,751 $29,584
    Agriculture operations loans - $100-250k 36 $5,366 $149,056
    Agriculture operations loans - $250k-1MM 23 $8,547 $371,609