First Citizens National Bank Mortgage Rates, Fees & Info

Dyersburg, TN

LEI: 549300RZFHIGIM84KN09

Tax ID: 62-0201100

5 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Citizens National Bank is a smaller bank specializing in Home Purchase and Refi loans. First Citizens National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Cleveland, Chattanooga, Nashville, Dyersburg, and Memphis among others. First Citizens National Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Citizens National Bank is typically an average fee lendor.


Originations

1,167

Origination Dollar Volume (All Markets)

$294,235,000

Employee count

301 Show all (27) awards

Relative Rate

First Citizens National Bank's average 30 year fixed rate mortgage of loans were 2.89%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.26%.

Relative Fees

First Citizens National Bank's average total fees for a 30 year fixed rate mortgage are $3,415.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CLEVELAND, TN (FHA|USDA|VA) 317 $73,445,000 $231,688 $3,114 2.86%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 148 $51,240,000 $346,216 $2,933 3.20%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 78 $39,040,000 $500,513 $3,556 3.20%
Dyersburg, TN (FHA|USDA|VA) 217 $35,985,000 $165,829 $2,901 3.15%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 124 $27,190,000 $219,274 $3,078 3.10%
Union City, TN (FHA|USDA|VA) 78 $11,270,000 $144,487 $2,977 3.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $7,245,000 $7,245,000 $12,600 3.25%
JACKSON, TN (FHA|USDA|VA) 37 $6,965,000 $188,243 $2,942 3.18%
Martin, TN (FHA|USDA|VA) 33 $6,555,000 $198,636 $2,833 3.35%
Outside of Metro Areas 40 $6,310,000 $157,750 $2,899 3.12%
Athens, TN (FHA|USDA|VA) 27 $5,975,000 $221,296 $3,449 2.71%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $3,055,000 $436,429 $3,755 4.12%
KNOXVILLE, TN (FHA|USDA|VA) 8 $2,470,000 $308,750 $2,527 3.21%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $2,170,000 $1,085,000 $6,474 3.88%
Brevard, NC (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $0 3.75%
Dayton, TN (FHA|USDA|VA) 5 $1,535,000 $307,000 $3,493 2.93%
Sevierville, TN (FHA|USDA|VA) 3 $1,305,000 $435,000 $0 3.36%
Lawrenceburg, TN (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $0 3.79%
Murray, KY (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,529 3.25%
Paris, TN (FHA|USDA|VA) 5 $1,115,000 $223,000 $2,423 3.09%
Scottsboro, AL (FHA|USDA|VA) 2 $570,000 $285,000 $2,621 2.81%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $525,000 $525,000 $2,685 3.38%
DALTON, GA (FHA|USDA|VA) 2 $510,000 $255,000 $2,738 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,034 3.31%
JONESBORO, AR (FHA|USDA|VA) 1 $455,000 $455,000 $2,647 1.88%
MORRISTOWN, TN (FHA|USDA|VA) 2 $420,000 $210,000 $4,452 2.69%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,581 3.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $385,000 $385,000 $3,113 3.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $365,000 $365,000 $2,963 2.50%
Brownsville, TN (FHA|USDA|VA) 6 $360,000 $60,000 $2,833 4.10%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,745 2.50%
Cookeville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $2,279 2.75%
OCALA, FL (FHA|USDA|VA) 2 $260,000 $130,000 $2,314 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,831 3.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $1,876 2.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,993 3.13%
Crossville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $2,417 3.00%
London, KY (FHA|USDA|VA) 1 $195,000 $195,000 $6,020 2.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.20%
Mayfield, KY (FHA|USDA|VA) 1 $155,000 $155,000 $4,740 2.63%
Paducah, KY-IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.70%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $85,000 $85,000 $1,916 2.50%

First Citizens National Bank's top markets include Cleveland, Chattanooga, Nashville, Dyersburg, and Memphis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 975 $258,175,000 $264,795 $2,548 3.16%
FHA 85 $17,195,000 $202,294 $6,142 2.64%
USDA 85 $12,715,000 $149,588 $4,222 2.64%
VA 22 $6,150,000 $279,545 $3,659 2.51%

For the 2021 period, First Citizens National Bank's most frequently originated loan type of loans were Conventional, with 975 originations. Their 2nd most popular type is FHA, with 85 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 628 $171,490,000 $273,073 $3,619 3.11%
Refi 378 $90,400,000 $239,153 $2,386 3.02%
Cash Out Refi 137 $28,555,000 $208,431 $2,710 2.99%
Home Improvement 20 $3,480,000 $174,000 $1,613 3.49%
Other 4 $310,000 $77,500 $1,811 3.66%

For the 2021, First Citizens National Bank's most frequently cited loan purpose of loans were Home Purchase, with 628 originations. The 2nd most popular reason of loans were Refi, with 378 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 664 $165,720,000 $249,578 $3,415 2.89%
15 Year 239 $39,055,000 $163,410 $2,266 3.08%
Other 75 $27,965,000 $372,867 $2,564 3.47%
20 Year 73 $26,565,000 $363,904 $2,085 3.48%
1 Year 67 $28,415,000 $424,104 $2,325 3.74%
10 Year 45 $6,415,000 $142,556 $1,590 3.51%
5 Year 4 $100,000 $25,000 $1,576 3.31%

For the 2021, First Citizens National Bank's most frequently cited loan length of loans were 30 Year, with 664 originations. The 2nd most popular length of loans were 15 Year, with 239 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 880 $211,630,000 $240,489
$1k-2k 64 $10,790,000 $168,594
$2k-3k 10 $2,740,000 $274,000
$3k-4k 3 $715,000 $238,333
$5k+ 1 $515,000 $515,000

$3,415 of loans were First Citizens National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 880 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 452 $135,160,000 $299,027
2.5-3% 392 $87,200,000 $222,449
<2.5% 247 $55,235,000 $223,623
4-5% 75 $16,565,000 $220,867
6-7% 1 $75,000 $75,000

During 2021, First Citizens National Bank's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 3-4%, with 452 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 408 $61,050,000 $149,632 $2,942 3.00%
$200k-400k 387 $106,055,000 $274,044 $3,425 2.92%
$100,000 or less 228 $15,000,000 $65,789 $2,194 3.39%
$400k-600k 88 $41,950,000 $476,705 $3,305 3.01%
$600k-1MM 29 $23,295,000 $803,276 $4,345 3.55%
$1MM+ 27 $46,885,000 $1,736,481 $5,549 3.57%

2021 saw First Citizens National Bank place emphasis on $100k-200k loans with 408 originations, totaling $61,050,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 264 $48,210,000 $182,614 $3,156 2.99%
$50k or less 257 $33,785,000 $131,459 $3,052 2.98%
$100k-150k 200 $49,010,000 $245,050 $2,835 3.09%
$75k-100k 178 $38,960,000 $218,876 $3,117 2.91%
$150k-250k 104 $35,870,000 $344,904 $3,141 3.10%
$250k+ 70 $41,360,000 $590,857 $3,468 3.21%

First Citizens National Bank lent most frequently to those with incomes in the $50k-75k range, with 264 originations. The second most popular income band? $50k or less, with 257 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 277 $58,485,000 $211,137 $2,680 2.93%
30-36% 208 $45,540,000 $218,942 $2,897 2.93%
<20% 129 $36,655,000 $284,147 $2,797 2.87%
37% 43 $8,975,000 $208,721 $3,166 3.02%
36% 41 $9,415,000 $229,634 $3,439 2.86%
39% 38 $9,800,000 $257,895 $3,449 3.05%
38% 37 $10,015,000 $270,676 $3,648 3.01%
40% 36 $8,800,000 $244,444 $3,466 2.93%
42% 35 $9,565,000 $273,286 $3,776 3.10%
44% 30 $6,380,000 $212,667 $3,697 2.80%
41% 28 $5,960,000 $212,857 $3,952 2.79%
43% 22 $5,380,000 $244,545 $3,547 2.90%
46% 13 $3,415,000 $262,692 $3,453 2.79%
47% 12 $2,750,000 $229,167 $3,806 2.79%
45% 11 $2,955,000 $268,636 $2,690 2.72%
49% 9 $2,105,000 $233,889 $4,558 2.61%
48% 7 $1,415,000 $202,143 $3,668 2.89%
50-60% 2 $750,000 $375,000 $4,207 3.33%
>60% 1 $435,000 $435,000 $0 3.65%

First Citizens National Bank lent most frequently to those with DTI ratios of 20-30%, with 277 originations. The next most common DTI ratio? 30-36%, with 208 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,022 $233,840,000 $228,806 $3,034 3.01%
Not applicable 71 $42,005,000 $591,620 $0 4.00%
Black 38 $7,420,000 $195,263 $3,224 3.29%
Not provided 16 $5,740,000 $358,750 $4,809 2.78%
Asian 14 $4,090,000 $292,143 $3,204 2.91%
American Indian 5 $895,000 $179,000 $3,031 2.92%
Other Asian 1 $245,000 $245,000 $2,376 3.85%

Approval Rates

Total approvals of all applications
91.90%

First Citizens National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
78.82%

First Citizens National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,167 $294,235,000 $252,129

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,167 $294,235,000 $252,129

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 58 $7,110,000 $122,586 $1,998 3.18%
40-60% 166 $39,770,000 $239,578 $2,466 3.02%
60-80% 443 $130,725,000 $295,090 $2,651 3.20%
80-100% 468 $112,990,000 $241,432 $3,685 2.97%
Over 100% 7 $1,705,000 $243,571 $7,830 2.46%
Under 20% 23 $1,185,000 $51,522 $1,358 3.26%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Citizens National Bank 117 South Church Street Dyersburg, TN 38024 Limited, Drive-thru $0
First Citizens National Bank 316 Cleveland Street Ripley, TN 38063 Full Service B&M $37,966
First Citizens National Bank 3668 South Houston Levee Road Collierville, TN 38017 Full Service B&M $31,059
First Citizens National Bank 3795 Georgetown Road Cleveland, TN 37312 Full Service B&M $43,130
First Citizens National Bank 381 Walker Road Jackson, TN 38305 Full Service B&M $20,351
First Citizens National Bank 5845 Airline Road Arlington, TN 38002 Full Service B&M $93,026
First Citizens National Bank 710 Hwy 51 By Pass Dyersburg, TN 38024 Full Service B&M $97,648
First Citizens National Bank 7116 Nolensville Road Nolensville, TN 37135 Full Service B&M $11,062
First Citizens National Bank 7285 Highway 64 Oakland, TN 38060 Full Service B&M $89,617
First Citizens National Bank 7580 Highway 70 Bartlett, TN 38133 Full Service B&M $72,600
First Citizens National Bank 8170 Highway 51 North Millington, TN 38053 Full Service B&M $54,634
First Citizens National Bank 9045 Carothers Parkway Franklin, TN 37067 Full Service B&M $65,371
First Citizens National Bank One First Citizens Place Dyersburg, TN 38024 Full Service B&M $392,583
First Citizens National Bank 100 West Washington Avenue Union City, TN 38261 Full Service B&M $108,877
First Citizens National Bank 104 North Monroe Street Newbern, TN 38059 Full Service B&M $63,442
First Citizens National Bank 123 Atoka-Munford Avenue Atoka, TN 38004 Full Service B&M $34,667
First Citizens National Bank 1304 Murfreesboro Road Franklin, TN 37064 Full Service B&M $47,330
First Citizens National Bank 1426 Munford Avenue Munford, TN 38058 Full Service B&M $80,126
First Citizens National Bank 200 University Street Martin, TN 38237 Full Service B&M $49,018
First Citizens National Bank 2021 Hamilton Place Blvd, Suite A Chattanooga, TN 37421 Full Service B&M $16,077
First Citizens National Bank 2035 Wall Street Spring Hill, TN 37174 Full Service B&M $13,078
First Citizens National Bank 2120 Northgate Park Ln Suite 100 Chattanooga, TN 37415 Full Service B&M $11,578
First Citizens National Bank 220 East Harper Street Troy, TN 38260 Full Service B&M $42,970
First Citizens National Bank 2211 St. John Avenue Dyersburg, TN 38024 Full Service B&M $45,808
First Citizens National Bank 2530 Dalton Pike Cleveland, TN 37323 Full Service B&M $28,123
First Citizens National Bank 3020 Keith Street Cleveland, TN 37312 Full Service B&M $239,860

For 2021, First Citizens National Bank had 26 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $70,267
Net interest income $63,641
Total noninterest income $19,035
Gross Fiduciary activities income $1,747
Service charges on deposit accounts $4,072
Trading account gains and fees $0
Additional Noninterest Income $13,216
Pre-tax net operating income $31,323
Securities gains (or losses, -) $367
Income before extraordinary items $26,450
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $26,450
Minority interest net income $124
Net income $26,326
Sale, conversion, retirement of capital stock, net $0
Net operating income $26,145

First Citizens National Bank's gross interest income from loans was $70,267,000.
First Citizens National Bank's net interest income from loans was $63,641,000.
First Citizens National Bank's fee based income from loans was $4,072,000.
First Citizens National Bank's net income from loans was $26,326,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,626
Provision for credit losses $220
Total noninterest expense $51,133
Salaries and employee benefits $29,946
Premises and equipment expense $5,626
Additional noninterest expense $15,561
Applicable income taxes $5,240
Net charge-offs $146
Cash dividends $7,500

First Citizens National Bank's interest expense for loans was $6,626,000.
First Citizens National Bank's payroll and benefits expense were $29,946,000.
First Citizens National Bank's property, plant and equipment expenses $5,626,000.

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 $1,920,138
Deposits held in domestic offices $1,920,138
Deposits by Individuals, partnerships, and corporations $1,631,787
Deposits by U.S. Government $2,000
Deposits by States and political subdivisions in the U.S. $273,581
Deposits by Commercial banks and other depository institutions in U.S. $12,770
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,212,216
Demand deposits $1,055,577
Nontransaction accounts $707,922
Money market deposit accounts (MMDAs) $103,301
Other savings deposits (excluding MMDAs) $181,071
Total time deposits $423,550
Total time and savings deposits $864,561
Noninterest-bearing deposits $439,627
Interest-bearing deposits $1,480,511
Retail deposits $1,746,496
IRAs and Keogh plan accounts $47,279
Brokered deposits $2,618
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,243,730
Cash & Balances due from depository institutions $51,558
Interest-bearing balances $29,333
Total securities $875,578
Federal funds sold & reverse repurchase $20,268
Net loans and leases $1,190,082
Loan and leases loss allowance $14,370
Trading account assets $0
Bank premises and fixed assets $33,525
Other real estate owned $289
Goodwill and other intangibles $22,794
All other assets $49,636

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,243,730
Total Liabilities $1,999,511
Total deposits $1,920,138
Interest-bearing deposits $1,480,511
Deposits held in domestic offices $1,920,138
% insured (estimated) $66
Federal funds purchased and repurchase agreements $48,019
Trading liabilities $0
Other borrowed funds $18,264
Subordinated debt $0
All other liabilities $13,090

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,190,082
Loan and leases loss allowance $14,370
Total loans and leases (domestic) $1,204,452
All real estate loans $1,067,361
Real estate loans in domestic offices $1,067,361
Construction and development loans $234,645
Residential 1-4 family construction $82,365
Other construction, all land development and other land $152,280
Loans secured by nonfarm nonresidential properties $478,960
Nonfarm nonresidential secured by owner-occupied properties $194,775
Commercial real estate & other non-farm, non-residential $284,185
Multifamily residential real estate $44,804
1-4 family residential loans $242,925
Farmland loans $66,027
Loans held in foreign offices $0
Farm loans $17,623
Commercial and industrial loans $83,609
To non-U.S. addressees $0
Loans to individuals $25,184
Credit card loans $0
Related Plans $839
Consumer Auto Loans $7,452
Other loans to individuals $16,893
All other loans & leases $14,305
Loans to foreign governments and official institutions $0
Other loans $5,861
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

First Citizens National Bank had $1,190,082,000 of loans outstanding in 2021. $1,067,361,000 of loans were in real estate loans. $234,645,000 of loans were in development loans. $44,804,000 of loans were in multifamily mortgage loans. $242,925,000 of loans were in 1-4 family mortgage loans. $17,623,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,452,000 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 603 $128,072 $212,391
Nonfarm, nonresidential loans - <$100k 129 $4,629 $35,884
Nonfarm, nonresidential loans - $100-250k 212 $24,304 $114,642
Nonfarm, nonresidential loans - $250k-1MM 262 $99,139 $378,393
Commercial & Industrial, US addressed loans - <$1MM 1,169 $60,849 $52,052
Commercial & Industrial, US addressed loans - <$100k 817 $17,875 $21,879
Commercial & Industrial, US addressed loans - $100-250k 233 $17,142 $73,571
Commercial & Industrial, US addressed loans - $250k-1MM 119 $25,832 $217,076
Farmland loans - <$1MM 291 $35,392 $121,622
Farmland loans - <$100k 96 $3,633 $37,844
Farmland loans - $100-250k 124 $14,316 $115,452
Farmland loans - $250k-1MM 71 $17,443 $245,676
Agriculture operations loans - <$1MM 314 $9,810 $31,242
Agriculture operations loans - <$100k 193 $3,504 $18,155
Agriculture operations loans - $100-250k 82 $3,319 $40,476
Agriculture operations loans - $250k-1MM 39 $2,987 $76,590