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 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
365Origination Dollar Volume (All Markets)
$99,085,000Employee count
97Top 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% |
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
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
2020 saw Central National Bank place emphasis on $200k-400k loans with 121 originations, totaling $34,775,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.59%
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 origination87.12%
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
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 |