City Bank Mortgage Rates, Fees & Info

Lubbock, TX

LEI: 549300VHBALPLHRR4080

Tax ID: 75-1952906

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

City Bank is a smaller bank specializing in Home Purchase loans. City 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 by origination volume include: Dallas, Lubbock, El Paso, College Station, and Austin among others. We have data for 155 markets. (Some data included below & more in-depth data is available with an active subscription.)

City 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. City Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.77% 3/28/24
30 Year Conventional Refi 6.64% 3/28/24
30 Year Cash-out Refi 7.00% 3/28/24
30 Year FHA Purchase 7.53% 3/28/24
30 Year FHA Refi 7.38% 3/28/24
30 Year VA Purchase 6.09% 3/28/24
30 Year USDA Purchase 6.96% 3/28/24
15 Year Conventional Purchase 6.34% 3/28/24
15 Year Conventional Refi 6.22% 3/28/24
15 Year Cash-out Refi 6.22% 3/28/24
15 Year FHA Purchase 7.16% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
15 Year VA Purchase 6.05% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

City Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from City Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,275

Origination Dollar Volume (All Markets)

$780,495,000

Employee count

679 Show all (9) awards

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 931 $290,015,000 $311,509 $5,858 4.26%
LUBBOCK, TX (FHA|USDA|VA) 604 $110,010,000 $182,136 $4,365 4.84%
EL PASO, TX (FHA|USDA|VA) 313 $64,075,000 $204,712 $5,318 4.29%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 240 $51,100,000 $212,917 $4,445 4.47%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 137 $48,645,000 $355,073 $5,154 4.34%
ABILENE, TX (FHA|USDA|VA) 237 $44,135,000 $186,224 $4,764 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 164 $32,640,000 $199,024 $5,227 5.27%
Outside of Metro Areas 110 $20,560,000 $186,909 $4,611 4.74%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 76 $15,860,000 $208,684 $4,833 4.39%
Ruidoso, NM (FHA|USDA|VA) 70 $14,220,000 $203,143 $4,179 4.36%
Levelland, TX (FHA|USDA|VA) 53 $8,025,000 $151,415 $4,722 4.61%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 23 $5,395,000 $234,565 $5,221 4.70%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $3,525,000 $503,571 $4,279 4.61%
LAS CRUCES, NM (FHA|USDA|VA) 11 $2,795,000 $254,091 $6,359 4.67%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,775,000 $555,000 $5,976 4.17%
MIDLAND, TX (FHA|USDA|VA) 8 $2,350,000 $293,750 $6,061 4.47%
KANSAS CITY, MO-KS (FHA|USDA|VA) 13 $2,295,000 $176,538 $2,835 4.23%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 5 $2,215,000 $443,000 $4,152 4.93%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,760,000 $293,333 $4,319 4.19%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,740,000 $290,000 $3,864 4.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $1,580,000 $790,000 $7,079 4.56%
Outside of Metro Areas 1 $1,575,000 $1,575,000 $17,921 4.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,034 4.37%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,400,000 $233,333 $4,227 4.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,866 4.75%
TYLER, TX (FHA|USDA|VA) 6 $1,370,000 $228,333 $7,126 4.23%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $1,270,000 $211,667 $6,216 4.15%
VICTORIA, TX (FHA|USDA|VA) 3 $1,245,000 $415,000 $3,381 4.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,235,000 $247,000 $4,571 4.28%
Alamogordo, NM (FHA|USDA|VA) 9 $1,215,000 $135,000 $3,510 5.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,170,000 $292,500 $4,813 4.13%
WENATCHEE, WA (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $3,870 4.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $2,847 5.88%
AMARILLO, TX (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,974 4.69%
Athens, TX (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,545 5.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,000,000 $166,667 $4,042 4.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $970,000 $242,500 $4,442 4.63%
Fredericksburg, TX (FHA|USDA|VA) 2 $960,000 $480,000 $6,973 4.38%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $850,000 $425,000 $13,574 4.38%
SANTA FE, NM (FHA|USDA|VA) 2 $850,000 $425,000 $2,969 5.00%
Granbury, TX (FHA|USDA|VA) 4 $850,000 $212,500 $4,135 3.94%
El Campo, TX (FHA|USDA|VA) 3 $835,000 $278,333 $3,289 4.67%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $820,000 $410,000 $6,980 3.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $805,000 $268,333 $2,920 5.21%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $715,000 $715,000 $3,906 3.75%
Mineral Wells, TX (FHA|USDA|VA) 2 $690,000 $345,000 $5,679 4.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $670,000 $335,000 $4,270 3.81%
Port Lavaca, TX (FHA|USDA|VA) 3 $655,000 $218,333 $3,810 4.63%
Plainview, TX (FHA|USDA|VA) 4 $630,000 $157,500 $6,779 4.47%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $595,000 $198,333 $5,294 4.54%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $575,000 $115,000 $2,853 4.48%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $560,000 $280,000 $4,306 4.69%
Stephenville, TX (FHA|USDA|VA) 2 $560,000 $280,000 $7,625 3.69%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $550,000 $137,500 $4,226 5.06%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $540,000 $270,000 $11,200 4.13%
WICHITA, KS (FHA|USDA|VA) 3 $505,000 $168,333 $6,744 4.71%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $505,000 $168,333 $4,688 4.67%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $485,000 $485,000 $2,933 3.63%
GREELEY, CO (FHA|USDA|VA) 1 $455,000 $455,000 $4,167 4.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $455,000 $151,667 $5,322 5.17%
TUCSON, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $3,762 4.06%
Andrews, TX (FHA|USDA|VA) 2 $430,000 $215,000 $5,603 4.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $410,000 $205,000 $6,429 4.75%
Kapaa, HI (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.88%
Gainesville, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,604 3.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $385,000 $128,333 $5,237 4.67%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $375,000 $125,000 $2,715 4.46%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $375,000 $125,000 $0 4.88%
Lamesa, TX (FHA|USDA|VA) 4 $370,000 $92,500 $5,776 5.46%
McAlester, OK (FHA|USDA|VA) 1 $365,000 $365,000 $2,682 4.00%
TOPEKA, KS (FHA|USDA|VA) 2 $360,000 $180,000 $2,450 4.88%
Roseburg, OR (FHA|USDA|VA) 1 $355,000 $355,000 $3,625 4.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $7,313 4.63%
GAINESVILLE, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,673 4.50%
Roswell, NM (FHA|USDA|VA) 2 $330,000 $165,000 $4,693 4.00%
ENID, OK (FHA|USDA|VA) 1 $325,000 $325,000 $9,381 4.13%
Elizabeth City, NC (FHA|USDA|VA) 1 $325,000 $325,000 $7,368 4.38%
ROANOKE, VA (FHA|USDA|VA) 2 $320,000 $160,000 $6,597 4.63%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $315,000 $315,000 $1,950 4.88%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $310,000 $155,000 $5,578 4.31%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $300,000 $150,000 $5,161 4.88%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $295,000 $295,000 $9,281 4.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $295,000 $295,000 $8,587 4.38%
WACO, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,683 4.38%
CHICO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $8,602 3.63%
Minden, LA (FHA|USDA|VA) 1 $275,000 $275,000 $3,963 3.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $275,000 $275,000 $8,114 3.38%
TULSA, OK (FHA|USDA|VA) 2 $270,000 $135,000 $3,890 4.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $270,000 $135,000 $7,876 4.88%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $265,000 $265,000 $3,604 4.38%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $255,000 $255,000 $5,910 3.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $255,000 $85,000 $2,227 5.08%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $255,000 $255,000 $3,885 3.63%
Corsicana, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,071 3.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $250,000 $125,000 $3,359 4.69%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,213 3.50%
Las Vegas, NM (FHA|USDA|VA) 1 $235,000 $235,000 $7,993 5.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.00%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $235,000 $235,000 $5,895 4.38%
Centralia, WA (FHA|USDA|VA) 1 $225,000 $225,000 $9,083 5.13%
Brenham, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,948 4.50%
Brownwood, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,460 5.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,170 4.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $215,000 $215,000 $9,044 4.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $9,213 4.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $215,000 $215,000 $4,700 4.00%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $210,000 $105,000 $2,433 5.00%
Cedar City, UT (FHA|USDA|VA) 1 $205,000 $205,000 $6,082 3.63%
Nacogdoches, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,725 4.63%
LAWRENCE, KS (FHA|USDA|VA) 2 $190,000 $95,000 $3,268 4.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,141 4.38%
Huntsville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,561 4.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $7,716 5.13%
FLINT, MI (FHA|USDA|VA) 2 $180,000 $90,000 $2,578 5.13%
SAN ANGELO, TX (FHA|USDA|VA) 2 $170,000 $85,000 $5,714 5.44%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,565 3.63%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $165,000 $165,000 $7,002 4.13%
Paris, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,960 4.13%
Deming, NM (FHA|USDA|VA) 1 $165,000 $165,000 $5,886 3.63%
TWIN FALLS, ID (FHA|USDA|VA) 1 $165,000 $165,000 $3,338 5.38%
Moultrie, GA (FHA|USDA|VA) 1 $165,000 $165,000 $7,079 3.50%
Rexburg, ID (FHA|USDA|VA) 1 $165,000 $165,000 $3,019 4.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $758 4.63%
Warrensburg, MO (FHA|USDA|VA) 1 $155,000 $155,000 $840 3.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,207 4.63%
Dodge City, KS (FHA|USDA|VA) 1 $145,000 $145,000 $4,870 4.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,789 3.88%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.25%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,847 4.88%
JACKSON, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.25%
NILES, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,558 4.75%
Torrington, CT (FHA|USDA|VA) 1 $135,000 $135,000 $5,331 4.50%
ODESSA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,441 4.25%
Martinsville, VA (FHA|USDA|VA) 1 $125,000 $125,000 $4,924 4.63%
Snyder, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,345 4.88%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $120,000 $60,000 $3,379 5.06%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $1,581 4.00%
Hannibal, MO (FHA|USDA|VA) 1 $115,000 $115,000 $5,343 5.88%
Silver City, NM (FHA|USDA|VA) 1 $115,000 $115,000 $3,095 3.88%
OCALA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,507 4.75%
Oxford, MS (FHA|USDA|VA) 1 $105,000 $105,000 $2,307 5.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $85,000 $85,000 $2,597 5.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.38%
Clovis, NM (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,347 5.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $75,000 $75,000 $4,166 5.63%
Oil City, PA (FHA|USDA|VA) 1 $75,000 $75,000 $4,441 4.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.25%
DuBois, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,740 4.50%
PEORIA, IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,522 4.63%
Big Spring, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $55,000 $55,000 $3,780 4.25%
Lewistown, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,636 5.13%
Borger, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,661 6.75%
City Bank's top markets include Dallas, Lubbock, El Paso, College Station, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against City Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First American Bank
    Similarity Rank: 54
    GECU
    Similarity Rank: 72
    EVOLVE
    Similarity Rank: 91
    MCT Credit Union
    Similarity Rank: 125
    MOBILOIL
    Similarity Rank: 160
    My Community Credit Union
    Similarity Rank: 168
    TRUE SKY
    Similarity Rank: 174
    EDUCATION FIRST
    Similarity Rank: 216
    WEOKIE
    Similarity Rank: 243
    EL PASO AREA TEACHERS
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,615 $651,705,000 $249,218 $4,624 4.58%
    FHA 400 $72,330,000 $180,825 $7,063 4.25%
    VA 249 $55,085,000 $221,225 $5,759 3.94%
    USDA 11 $1,375,000 $125,000 $4,973 4.44%

    For 2019, City Bank's most frequently originated type of loan was Conventional, with 2,615 originations. Their 2nd most popular type was FHA, with 400 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,608 $610,490,000 $234,084 $5,282 4.48%
    Refi 323 $99,975,000 $309,520 $4,364 4.20%
    Cash Out Refi 255 $59,605,000 $233,745 $4,736 4.64%
    Other 48 $7,100,000 $147,917 $3,752 4.90%
    Home Improvement 41 $3,325,000 $81,098 $1,748 6.47%

    For 2019, City Bank's most frequently cited loan purpose was Home Purchase, with 2,608 originations. The 2nd most popular reason was Refi, with 323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,516 $606,500,000 $241,057 $5,315 4.29%
    15 Year 282 $52,730,000 $186,986 $3,885 4.44%
    20 Year 156 $29,720,000 $190,513 $4,327 5.07%
    1 Year 120 $19,800,000 $165,000 $1,920 6.02%
    5 Year 75 $20,415,000 $272,200 $1,034 5.98%
    Other 69 $30,845,000 $447,029 $2,079 6.05%
    10 Year 31 $4,205,000 $135,645 $2,879 5.08%
    30+ year 26 $16,280,000 $626,154 $8,642 5.19%

    For 2019, City Bank's most frequently cited loan duration was 30 Year, with 2,516 originations. The 2nd most popular length was 15 Year, with 282 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,640 $390,530,000 $238,128
    $<1k 659 $118,685,000 $180,099
    $2k-3k 215 $58,815,000 $273,558
    $3k-4k 91 $31,555,000 $346,758
    $5k+ 70 $44,850,000 $640,714
    $4k-5k 47 $21,435,000 $456,064

    City Bank's average total fees were $5,315, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,640 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,332 $320,570,000 $240,668
    3-4% 1,246 $327,900,000 $263,162
    5-6% 512 $109,090,000 $213,066
    6-7% 152 $17,800,000 $117,105
    7-8% 21 $2,545,000 $121,190
    2.5-3% 10 $2,370,000 $237,000
    Over 8% 2 $220,000 $110,000

    During 2019, City Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 1,332 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,261 $190,405,000 $150,995 $4,468 4.51%
    $200k-400k 1,196 $326,840,000 $273,278 $5,517 4.19%
    $100,000 or less 471 $33,145,000 $70,372 $2,951 5.33%
    $400k-600k 252 $117,240,000 $465,238 $6,445 4.21%
    $600k-1MM 62 $45,630,000 $735,968 $9,318 4.58%
    $1MM+ 33 $67,235,000 $2,037,424 $13,969 4.84%

    2019 saw City Bank place emphasis on $100k-200k loans with 1,261 originations, totaling $190,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 661 $160,465,000 $242,761 $5,225 4.34%
    $50k-75k 632 $110,380,000 $174,652 $4,816 4.35%
    $75k-100k 532 $109,430,000 $205,695 $5,028 4.34%
    $150k-250k 487 $148,175,000 $304,261 $5,488 4.41%
    $50k or less 443 $55,275,000 $124,774 $4,341 4.54%
    $250k+ 273 $118,285,000 $433,278 $6,253 4.50%

    City Bank lent most frequently to those with incomes in the $100k-150k range, with 661 originations. The second most popular income band? $50k-75k, with 632 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 551 $134,165,000 $243,494 $4,661 4.31%
    30-36% 537 $131,505,000 $244,888 $5,011 4.32%
    <20% 211 $49,845,000 $236,232 $4,551 4.30%
    44% 150 $33,950,000 $226,333 $5,369 4.37%
    50-60% 148 $30,930,000 $208,986 $6,513 4.10%
    42% 124 $37,120,000 $299,355 $5,949 4.36%
    41% 116 $26,750,000 $230,603 $5,402 4.38%
    39% 115 $25,165,000 $218,826 $4,880 4.38%
    43% 115 $25,015,000 $217,522 $5,062 4.44%
    40% 112 $26,920,000 $240,357 $5,319 4.37%
    49% 108 $22,600,000 $209,259 $5,159 4.32%
    36% 99 $23,275,000 $235,101 $5,078 4.38%
    47% 99 $22,105,000 $223,283 $5,244 4.48%
    38% 98 $23,210,000 $236,837 $4,619 4.38%
    46% 97 $22,805,000 $235,103 $5,203 4.42%
    48% 95 $20,615,000 $217,000 $5,250 4.26%
    37% 94 $22,690,000 $241,383 $4,655 4.29%
    45% 88 $19,640,000 $223,182 $5,018 4.39%
    >60% 6 $1,450,000 $241,667 $7,021 3.85%

    City Bank lent most frequently to those with DTI ratios of 20-30%, with 551 originations. The next most common DTI ratio? 30-36%, with 537 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,599 $599,715,000 $230,748 $5,061 4.40%
    Not applicable 209 $69,835,000 $334,139 $0 5.96%
    Not provided 180 $45,730,000 $254,056 $5,197 4.50%
    Black 147 $33,545,000 $228,197 $5,295 4.15%
    Asian 100 $22,990,000 $229,900 $5,244 4.30%
    Asian Indian 14 $4,280,000 $305,714 $5,783 4.77%
    American Indian 14 $1,690,000 $120,714 $3,542 4.71%
    Native Hawaiian or Islander 5 $1,125,000 $225,000 $6,788 4.40%
    Chinese 2 $430,000 $215,000 $4,437 4.06%
    Other Asian 1 $315,000 $315,000 $6,692 4.50%
    Vietnamese 2 $310,000 $155,000 $6,061 5.06%
    Native Hawaiian 1 $295,000 $295,000 $10,071 5.63%
    Filipino 1 $235,000 $235,000 $7,744 4.13%

    Approval Rates

    Total approvals of all applications
    91.00%

    City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.53%

    City Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,275 $780,495,000 $238,319

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,570,000 $785,000
    Multifamily:Site-Built 22 $37,840,000 $1,720,000
    Single Family (1-4 Units):Manufactured 22 $2,640,000 $120,000
    Single Family (1-4 Units):Site-Built 3,229 $738,445,000 $228,692

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 100 $14,630,000 $146,300 $3,104 4.90%
    40-60% 307 $70,345,000 $229,137 $4,248 4.50%
    60-80% 978 $258,200,000 $264,008 $4,806 4.63%
    80-100% 1,786 $418,000,000 $234,043 $5,398 4.36%
    Over 100% 56 $16,240,000 $290,000 $9,133 4.01%
    Under 20% 48 $3,080,000 $64,167 $1,201 6.31%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CATHAY BANK Conventional home mortgage Trouble during payment process 1 50.0%
    CATHAY BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    City Bank 107 West Taylor Street Morton, TX 79346 Full Service B&M $50,200
    City Bank 118 Us Highway 70 Springlake, TX 79082 Full Service B&M $18,124
    City Bank 135 El Paso Rd Ruidoso, NM 88345 Full Service B&M $564
    City Bank 1409 University Drive East College Station, TX 77840 Full Service B&M $66,067
    City Bank 1418 George Dieter El Paso, TX 79936 Full Service B&M $27,505
    City Bank 1850 Sudderth Drive Ruidoso, NM 88345 Full Service B&M $137,676
    City Bank 2525 Mckinnon Street, Suite 100 Dallas, TX 75201 Full Service B&M $26,027
    City Bank 304 West 1st Idalou, TX 79329 Full Service B&M $42,730
    City Bank 3251 50th Street Lubbock, TX 79413 Full Service B&M $48,630
    City Bank 5219 City Bank Parkway Lubbock, TX 79407 Full Service B&M $1,062,483
    City Bank 5506 4th Street Lubbock, TX 79416 Full Service B&M $66,364
    City Bank 600 College Avenue Levelland, TX 79336 Full Service B&M $149,014
    City Bank 611 University Lubbock, TX 79401 Full Service B&M $55,909
    City Bank 6330 Sprint Parkway Overland Park, KS 66211 Full Service B&M $0
    City Bank 6524 82nd Street Lubbock, TX 79424 Full Service B&M $86,754
    City Bank 771 E. Hwy 80 Forney, TX 75126 Full Service Retail $200,428
    City Bank 7800 Preston Road Plano, TX 75024 Full Service B&M $39,308
    City Bank 7901 N. Mesa El Paso, TX 79932 Full Service B&M $81,748
    City Bank 8009 University Ave. Lubbock, TX 79423 Full Service B&M $57,470
    City Bank 8201 Quaker Avenue Lubbock, TX 79424 Full Service B&M $106,207
    City Bank 825 Town And Country Lane Houston, TX 77024 Full Service B&M $25,697

    For 2019, City Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $132,883
    Net interest income $108,078
    Total noninterest income $56,518
    Gross Fiduciary activities income $2,306
    Service charges on deposit accounts $8,130
    Trading account gains and fees $0
    Additional Noninterest Income $46,082
    Pre-tax net operating income $44,247
    Securities gains (or losses, -) $-27
    Income before extraordinary items $35,248
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $35,248
    Minority interest net income $0
    Net income $35,248
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $35,269

    City Bank's gross interest income from loans was $132,883,000.
    City Bank's net interest income from loans was $108,078,000.
    City Bank's fee based income from loans was $8,130,000.
    City Bank's net income from loans was $35,248,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,805
    Provision for credit losses $2,799
    Total noninterest expense $117,550
    Salaries and employee benefits $73,495
    Premises and equipment expense $13,577
    Additional noninterest expense $30,478
    Applicable income taxes $8,972
    Net charge-offs $1,728
    Cash dividends $10,000

    City Bank's interest expense for loans was $24,805,000.
    City Bank's payroll and benefits expense were $73,495,000.
    City Bank's property, plant and equipment expenses $13,577,000.

    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 0.7%
    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 $2,701,088
    Deposits held in domestic offices $2,701,088
    Deposits by Individuals, partnerships, and corporations $2,430,051
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $254,936
    Deposits by Commercial banks and other depository institutions in U.S. $16,099
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $738,858
    Demand deposits $496,181
    Nontransaction accounts $1,962,230
    Money market deposit accounts (MMDAs) $1,497,710
    Other savings deposits (excluding MMDAs) $122,910
    Total time deposits $341,610
    Total time and savings deposits $2,204,907
    Noninterest-bearing deposits $795,152
    Interest-bearing deposits $1,905,936
    Retail deposits $2,504,629
    IRAs and Keogh plan accounts $30,902
    Brokered deposits $55,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,235,138
    Cash & Balances due from depository institutions $158,099
    Interest-bearing balances $101,853
    Total securities $707,650
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,168,461
    Loan and leases loss allowance $24,197
    Trading account assets $0
    Bank premises and fixed assets $61,873
    Other real estate owned $1,671
    Goodwill and other intangibles $29,443
    All other assets $107,941

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,235,138
    Total Liabilities $2,862,846
    Total deposits $2,701,088
    Interest-bearing deposits $1,905,936
    Deposits held in domestic offices $2,701,088
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $17,165
    Trading liabilities $0
    Other borrowed funds $115,000
    Subordinated debt $0
    All other liabilities $29,593

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,168,461
    Loan and leases loss allowance $24,197
    Total loans and leases (domestic) $2,192,658
    All real estate loans $1,404,417
    Real estate loans in domestic offices $1,404,417
    Construction and development loans $282,734
    Residential 1-4 family construction $82,579
    Other construction, all land development and other land $200,155
    Loans secured by nonfarm nonresidential properties $596,497
    Nonfarm nonresidential secured by owner-occupied properties $197,054
    Commercial real estate & other non-farm, non-residential $399,443
    Multifamily residential real estate $50,657
    1-4 family residential loans $412,682
    Farmland loans $61,847
    Loans held in foreign offices $0
    Farm loans $114,445
    Commercial and industrial loans $351,033
    To non-U.S. addressees $0
    Loans to individuals $293,684
    Credit card loans $1,620
    Related Plans $2,196
    Consumer Auto Loans $219,654
    Other loans to individuals $70,214
    All other loans & leases $29,079
    Loans to foreign governments and official institutions $0
    Other loans $11,042
    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 $2,059
    Non 1-4 family restructured loans & leases $489
    Total loans and leases (foreign) $0

    City Bank had $2,168,461,000 of loans outstanding in 2019. $1,404,417,000 of loans were in real estate loans. $282,734,000 of loans were in development loans. $50,657,000 of loans were in multifamily mortgage loans. $412,682,000 of loans were in 1-4 family mortgage loans. $114,445,000 of loans were in farm loans. $1,620,000 of loans were in credit card loans. $219,654,000 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 485 $125,248 $258,243
    Nonfarm, nonresidential loans - <$100k 70 $2,951 $42,157
    Nonfarm, nonresidential loans - $100-250k 164 $21,329 $130,055
    Nonfarm, nonresidential loans - $250k-1MM 251 $100,968 $402,263
    Commercial & Industrial, US addressed loans - <$1MM 1,570 $114,548 $72,961
    Commercial & Industrial, US addressed loans - <$100k 1,062 $27,611 $25,999
    Commercial & Industrial, US addressed loans - $100-250k 284 $28,543 $100,504
    Commercial & Industrial, US addressed loans - $250k-1MM 224 $58,394 $260,688
    Farmland loans - <$1MM 107 $12,601 $117,766
    Farmland loans - <$100k 41 $1,755 $42,805
    Farmland loans - $100-250k 42 $4,383 $104,357
    Farmland loans - $250k-1MM 24 $6,463 $269,292
    Agriculture operations loans - <$1MM 233 $15,682 $67,305
    Agriculture operations loans - <$100k 120 $2,720 $22,667
    Agriculture operations loans - $100-250k 60 $4,837 $80,617
    Agriculture operations loans - $250k-1MM 53 $8,125 $153,302