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 and Refi loans. Central National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Killeen, Waco, Austin, Dallas, and Heber among others. We have data for 17 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

365

Origination Dollar Volume (All Markets)

$99,085,000

Employee count

97

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
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 149 $34,675,000 $232,718 $0 0.00%
WACO, TX (FHA|USDA|VA) 147 $29,145,000 $198,265 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 27 $17,065,000 $632,037 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $4,670,000 $467,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 3 $3,945,000 $1,315,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $2,200,000 $366,667 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $2,180,000 $545,000 $0 0.00%
Outside of Metro Areas 7 $2,095,000 $299,286 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $890,000 $222,500 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Corsicana, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Maryville, MO (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Central National Bank's top markets include Killeen, Waco, Austin, Dallas, and Heber among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $98,610,000 $270,907 $0 0.00%
    VA 1 $475,000 $475,000 $0 0.00%

    For 2020, Central National Bank's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 241 $71,115,000 $295,083 $0 0.00%
    Refi 86 $24,040,000 $279,535 $0 0.00%
    Home Improvement 29 $2,215,000 $76,379 $0 0.00%
    Other 9 $1,715,000 $190,556 $0 0.00%

    For 2020, Central National Bank's most frequently cited loan purpose was Home Purchase, with 241 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 365 $99,085,000 $271,466 $0 0.00%

    For 2020, Central National Bank's most frequently cited loan duration was Other, with 365 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 121 $34,775,000 $287,397 $0 0.00%
    $100k-200k 108 $15,170,000 $140,463 $0 0.00%
    $100,000 or less 72 $4,340,000 $60,278 $0 0.00%
    $400k-600k 41 $19,225,000 $468,902 $0 0.00%
    $600k-1MM 12 $8,530,000 $710,833 $0 0.00%
    $1MM+ 11 $17,045,000 $1,549,545 $0 0.00%

    2020 saw Central National Bank place emphasis on $200k-400k loans with 121 originations, totaling $34,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 73 $20,635,000 $282,671 $0 0.00%
    $100k-150k 65 $15,485,000 $238,231 $0 0.00%
    $250k+ 60 $30,870,000 $514,500 $0 0.00%
    $75k-100k 33 $6,175,000 $187,121 $0 0.00%
    $50k-75k 28 $4,760,000 $170,000 $0 0.00%
    $50k or less 17 $1,825,000 $107,353 $0 0.00%

    Central National Bank lent most frequently to those with incomes in the $150k-250k range, with 73 originations. The second most popular income band? $100k-150k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 365 $99,085,000 $271,466 $0 0.00%

    Central National Bank lent most frequently to those with DTI ratios of Exempt%, with 365 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 269 $77,095,000 $286,599 $0 0.00%
    Not applicable 83 $17,825,000 $214,759 $0 0.00%
    Not provided 4 $2,540,000 $635,000 $0 0.00%
    Asian 6 $1,250,000 $208,333 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%
    Black 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.59%

    Central National 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
    87.12%

    Central National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 365 $99,085,000 $271,466

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,890,000 $472,500
    Single Family (1-4 Units):Manufactured 2 $160,000 $80,000
    Single Family (1-4 Units):Site-Built 359 $97,035,000 $270,292

    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 National Bank 5400 Bosque Boulevard Waco, TX 76710 Full Service B&M $279,572
    Central National Bank 8320 West Highway 84 Waco, TX 76710 Full Service B&M $364,598
    Central National Bank 835 West 6th Street Austin, TX 78703 Full Service B&M $78,187
    Central National Bank 938 Canyon Creek Temple, TX 76502 Full Service B&M $206,563

    For 2020, Central National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,509
    Net interest income $34,072
    Total noninterest income $3,153
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $844
    Trading account gains and fees $0
    Additional Noninterest Income $2,309
    Pre-tax net operating income $19,516
    Securities gains (or losses, -) $36
    Income before extraordinary items $19,552
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,552
    Minority interest net income $0
    Net income $19,552
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,516

    Central National Bank's gross interest income from loans was $40,509,000.
    Central National Bank's net interest income from loans was $34,072,000.
    Central National Bank's fee based income from loans was $844,000.
    Central National Bank's net income from loans was $19,552,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,437
    Provision for credit losses $522
    Total noninterest expense $17,187
    Salaries and employee benefits $11,098
    Premises and equipment expense $1,706
    Additional noninterest expense $4,383
    Applicable income taxes $0
    Net charge-offs $139
    Cash dividends $11,978

    Central National Bank's interest expense for loans was $6,437,000.
    Central National Bank's payroll and benefits expense were $11,098,000.
    Central National Bank's property, plant and equipment expenses $1,706,000.

    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 $942,245
    Deposits held in domestic offices $942,245
    Deposits by Individuals, partnerships, and corporations $823,321
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $85,005
    Deposits by Commercial banks and other depository institutions in U.S. $33,919
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $87,234
    Demand deposits $67,714
    Nontransaction accounts $855,011
    Money market deposit accounts (MMDAs) $271,649
    Other savings deposits (excluding MMDAs) $387,409
    Total time deposits $195,953
    Total time and savings deposits $874,531
    Noninterest-bearing deposits $221,169
    Interest-bearing deposits $721,076
    Retail deposits $827,103
    IRAs and Keogh plan accounts $11,386
    Brokered deposits $32,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,129,950
    Cash & Balances due from depository institutions $299,161
    Interest-bearing balances $217,442
    Total securities $90,660
    Federal funds sold & reverse repurchase $1,962
    Net loans and leases $727,247
    Loan and leases loss allowance $9,987
    Trading account assets $0
    Bank premises and fixed assets $5,673
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,247

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,129,950
    Total Liabilities $1,034,988
    Total deposits $942,245
    Interest-bearing deposits $721,076
    Deposits held in domestic offices $942,245
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $62,925
    Trading liabilities $0
    Other borrowed funds $25,340
    Subordinated debt $0
    All other liabilities $4,478

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $727,247
    Loan and leases loss allowance $9,987
    Total loans and leases (domestic) $737,234
    All real estate loans $555,762
    Real estate loans in domestic offices $555,762
    Construction and development loans $89,254
    Residential 1-4 family construction $56,373
    Other construction, all land development and other land $32,881
    Loans secured by nonfarm nonresidential properties $179,757
    Nonfarm nonresidential secured by owner-occupied properties $63,948
    Commercial real estate & other non-farm, non-residential $115,809
    Multifamily residential real estate $9,186
    1-4 family residential loans $272,370
    Farmland loans $5,195
    Loans held in foreign offices $0
    Farm loans $762
    Commercial and industrial loans $168,041
    To non-U.S. addressees $0
    Loans to individuals $8,440
    Credit card loans $0
    Related Plans $1,025
    Consumer Auto Loans $2,526
    Other loans to individuals $4,889
    All other loans & leases $5,135
    Loans to foreign governments and official institutions $0
    Other loans $459
    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 $13
    Non 1-4 family restructured loans & leases $13
    Total loans and leases (foreign) $0

    Central National Bank had $727,247,000 of loans outstanding in 2020. $555,762,000 of loans were in real estate loans. $89,254,000 of loans were in development loans. $9,186,000 of loans were in multifamily mortgage loans. $272,370,000 of loans were in 1-4 family mortgage loans. $762,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,526,000 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 128 $30,416 $237,625
    Nonfarm, nonresidential loans - <$100k 33 $1,467 $44,455
    Nonfarm, nonresidential loans - $100-250k 35 $4,484 $128,114
    Nonfarm, nonresidential loans - $250k-1MM 60 $24,465 $407,750
    Commercial & Industrial, US addressed loans - <$1MM 543 $50,013 $92,105
    Commercial & Industrial, US addressed loans - <$100k 365 $9,472 $25,951
    Commercial & Industrial, US addressed loans - $100-250k 93 $10,906 $117,269
    Commercial & Industrial, US addressed loans - $250k-1MM 85 $29,635 $348,647
    Farmland loans - <$1MM 14 $1,711 $122,214
    Farmland loans - <$100k 5 $184 $36,800
    Farmland loans - $100-250k 7 $971 $138,714
    Farmland loans - $250k-1MM 2 $556 $278,000
    Agriculture operations loans - <$1MM 11 $222 $20,182
    Agriculture operations loans - <$100k 11 $222 $20,182