Central National Bank Mortgage Rates, Fees & Info
Waco, TXLEI: 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
361Origination Dollar Volume (All Markets)
$72,085,000Employee count
96Top 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% |
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
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
2019 saw Central National Bank place emphasis on $100k-200k loans with 127 originations, totaling $18,555,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications94.39%
Central National Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.09%
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
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 |