Central National Bank Mortgage Rates, Fees & Info

Waco, TX

LEI: 549300QJOGSPJ8EAX798

Tax ID: 74-1892270

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Mortgage Data

Bank Data

Review & Overview

Central National Bank is a smaller bank specializing in Home Purchase loans. Central National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Killeen, Austin, Dallas, and San Antonio among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Central National 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

361

Origination Dollar Volume (All Markets)

$72,085,000

Employee count

96

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
WACO, TX (FHA|USDA|VA) 185 $30,565,000 $165,216 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 114 $21,780,000 $191,053 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 21 $9,145,000 $435,476 $0 0.00%
Outside of Metro Areas 11 $2,975,000 $270,455 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $2,825,000 $313,889 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $1,370,000 $171,250 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,085,000 $217,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Bay City, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Gloversville, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Central National Bank's top markets include Waco, Killeen, Austin, Dallas, and San Antonio among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 357 $70,675,000 $197,969 $0 0.00%
    VA 4 $1,410,000 $352,500 $0 0.00%

    For 2019, Central National Bank's most frequently originated type of loan was Conventional, with 357 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 255 $57,525,000 $225,588 $0 0.00%
    Refi 56 $10,470,000 $186,964 $0 0.00%
    Home Improvement 38 $2,680,000 $70,526 $0 0.00%
    Other 12 $1,410,000 $117,500 $0 0.00%

    For 2019, Central National Bank's most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 361 $72,085,000 $199,681 $0 0.00%

    For 2019, Central National Bank's most frequently cited loan duration was Other, with 361 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 127 $18,555,000 $146,102 $0 0.00%
    $100,000 or less 100 $5,670,000 $56,700 $0 0.00%
    $200k-400k 100 $27,100,000 $271,000 $0 0.00%
    $400k-600k 22 $10,460,000 $475,455 $0 0.00%
    $600k-1MM 9 $6,615,000 $735,000 $0 0.00%
    $1MM+ 3 $3,685,000 $1,228,333 $0 0.00%

    2019 saw Central National Bank place emphasis on $100k-200k loans with 127 originations, totaling $18,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 61 $19,055,000 $312,377 $0 0.00%
    $150k-250k 60 $12,710,000 $211,833 $0 0.00%
    $100k-150k 56 $11,170,000 $199,464 $0 0.00%
    $50k-75k 41 $6,625,000 $161,585 $0 0.00%
    $75k-100k 35 $4,815,000 $137,571 $0 0.00%
    $50k or less 19 $1,945,000 $102,368 $0 0.00%

    Central National Bank lent most frequently to those with incomes in the $250k+ range, with 61 originations. The second most popular income band? $150k-250k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 361 $72,085,000 $199,681 $0 0.00%

    Central National Bank lent most frequently to those with DTI ratios of Exempt%, with 361 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 270 $56,640,000 $209,778 $0 0.00%
    Not applicable 79 $13,695,000 $173,354 $0 0.00%
    Black 5 $665,000 $133,000 $0 0.00%
    Asian 3 $535,000 $178,333 $0 0.00%
    American Indian 2 $270,000 $135,000 $0 0.00%
    Filipino 1 $225,000 $225,000 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.39%

    Central National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.09%

    Central National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 361 $72,085,000 $199,681

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,065,000 $613,000
    Single Family (1-4 Units):Manufactured 5 $415,000 $83,000
    Single Family (1-4 Units):Site-Built 351 $68,605,000 $195,456

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Central National Bank 5400 Bosque Boulevard Waco, TX 76710 Full Service B&M $180,495
    Central National Bank 8320 West Highway 84 Waco, TX 76710 Full Service B&M $351,996
    Central National Bank 835 West 6th Street Austin, TX 78703 Full Service B&M $64,239
    Central National Bank 938 Canyon Creek Temple, TX 76502 Full Service B&M $174,271

    For 2019, Central National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,645
    Net interest income $33,994
    Total noninterest income $2,070
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $610
    Trading account gains and fees $0
    Additional Noninterest Income $1,460
    Pre-tax net operating income $18,981
    Securities gains (or losses, -) $-42
    Income before extraordinary items $18,939
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,939
    Minority interest net income $0
    Net income $18,939
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,981

    Central National Bank's gross interest income from loans was $41,645,000.
    Central National Bank's net interest income from loans was $33,994,000.
    Central National Bank's fee based income from loans was $610,000.
    Central National Bank's net income from loans was $18,939,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,651
    Provision for credit losses $671
    Total noninterest expense $16,412
    Salaries and employee benefits $10,595
    Premises and equipment expense $1,635
    Additional noninterest expense $4,182
    Applicable income taxes $0
    Net charge-offs $18
    Cash dividends $11,765

    Central National Bank's interest expense for loans was $7,651,000.
    Central National Bank's payroll and benefits expense were $10,595,000.
    Central National Bank's property, plant and equipment expenses $1,635,000.

    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 $784,466
    Deposits held in domestic offices $784,466
    Deposits by Individuals, partnerships, and corporations $673,359
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,200
    Deposits by Commercial banks and other depository institutions in U.S. $60,907
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,196
    Demand deposits $58,298
    Nontransaction accounts $709,270
    Money market deposit accounts (MMDAs) $202,602
    Other savings deposits (excluding MMDAs) $282,137
    Total time deposits $224,531
    Total time and savings deposits $726,168
    Noninterest-bearing deposits $166,621
    Interest-bearing deposits $617,845
    Retail deposits $647,361
    IRAs and Keogh plan accounts $11,937
    Brokered deposits $58,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $938,698
    Cash & Balances due from depository institutions $109,959
    Interest-bearing balances $78,048
    Total securities $67,053
    Federal funds sold & reverse repurchase $1,159
    Net loans and leases $749,314
    Loan and leases loss allowance $9,604
    Trading account assets $0
    Bank premises and fixed assets $5,311
    Other real estate owned $575
    Goodwill and other intangibles $0
    All other assets $5,327

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $938,698
    Total Liabilities $851,697
    Total deposits $784,466
    Interest-bearing deposits $617,845
    Deposits held in domestic offices $784,466
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $42,974
    Trading liabilities $0
    Other borrowed funds $19,005
    Subordinated debt $0
    All other liabilities $5,252

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $749,314
    Loan and leases loss allowance $9,604
    Total loans and leases (domestic) $758,918
    All real estate loans $593,426
    Real estate loans in domestic offices $593,426
    Construction and development loans $89,153
    Residential 1-4 family construction $56,620
    Other construction, all land development and other land $32,533
    Loans secured by nonfarm nonresidential properties $186,985
    Nonfarm nonresidential secured by owner-occupied properties $75,889
    Commercial real estate & other non-farm, non-residential $111,096
    Multifamily residential real estate $14,155
    1-4 family residential loans $297,226
    Farmland loans $5,907
    Loans held in foreign offices $0
    Farm loans $872
    Commercial and industrial loans $148,516
    To non-U.S. addressees $0
    Loans to individuals $8,676
    Credit card loans $0
    Related Plans $1,364
    Consumer Auto Loans $2,617
    Other loans to individuals $4,695
    All other loans & leases $7,428
    Loans to foreign governments and official institutions $0
    Other loans $779
    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 National Bank had $749,314,000 of loans outstanding in 2019. $593,426,000 of loans were in real estate loans. $89,153,000 of loans were in development loans. $14,155,000 of loans were in multifamily mortgage loans. $297,226,000 of loans were in 1-4 family mortgage loans. $872,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,617,000 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 131 $33,377 $254,786
    Nonfarm, nonresidential loans - <$100k 26 $1,205 $46,346
    Nonfarm, nonresidential loans - $100-250k 38 $4,741 $124,763
    Nonfarm, nonresidential loans - $250k-1MM 67 $27,431 $409,418
    Commercial & Industrial, US addressed loans - <$1MM 323 $30,173 $93,415
    Commercial & Industrial, US addressed loans - <$100k 195 $5,118 $26,246
    Commercial & Industrial, US addressed loans - $100-250k 65 $5,616 $86,400
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $19,439 $308,556
    Farmland loans - <$1MM 12 $1,697 $141,417
    Farmland loans - <$100k 2 $22 $11,000
    Farmland loans - $100-250k 8 $1,100 $137,500
    Farmland loans - $250k-1MM 2 $575 $287,500
    Agriculture operations loans - <$1MM 15 $269 $17,933
    Agriculture operations loans - <$100k 13 $202 $15,538
    Agriculture operations loans - $100-250k 2 $67 $33,500