The Citizens National Bank Of Meridian Mortgage Rates, Fees & Info
Meridian, MSLEI: 549300XFNTNQLLW0HY87
Tax ID: 64-0134521
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Bank Data
Review & Overview
The Citizens National Bank Of Meridian is a smaller bank specializing in Home Purchase and Refi loans. The Citizens National Bank Of Meridian has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Meridian, Hattiesburg, Memphis, and Gulfport among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)The Citizens National Bank Of Meridian has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 11/21/24 |
| 30 Year Conventional Refi | 6.83% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year FHA Purchase | 6.65% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.45% | 11/21/24 |
| 30 Year VA Refi | 6.25% | 11/21/24 |
| 30 Year USDA Purchase | 6.76% | 11/21/24 |
| 15 Year Conventional Purchase | 6.35% | 11/21/24 |
| 15 Year Conventional Refi | 6.04% | 11/21/24 |
| 15 Year Cash-out Refi | 6.04% | 11/21/24 |
| 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. | ||
The Citizens National Bank Of Meridian Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
299Origination Dollar Volume (All Markets)
$66,575,000Employee count
322Top 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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 36 | $13,160,000 | $365,556 | $0 | 0.00% |
| Meridian, MS (FHA|USDA|VA) | 93 | $13,015,000 | $139,946 | $0 | 5.79% |
| HATTIESBURG, MS (FHA|USDA|VA) | 28 | $12,180,000 | $435,000 | $0 | 0.00% |
| Outside of Metro Areas | 52 | $5,950,000 | $114,423 | $0 | 6.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 25 | $5,175,000 | $207,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $4,670,000 | $1,167,500 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 12 | $2,530,000 | $210,833 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 23 | $2,375,000 | $103,261 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $2,265,000 | $755,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| West Point, MS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Citizens National Bank of Meridian based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 291 | $65,565,000 | $225,309 | $0 | 0.00% |
| VA | 6 | $910,000 | $151,667 | $0 | 0.00% |
| HELOC | 2 | $100,000 | $50,000 | n/a | 5.90% |
For 2018, The Citizens National Bank Of Meridian's most frequently originated type of loan was Conventional, with 291 originations. Their 2nd most popular type was VA, with 6 originations.
Loan Reason
For 2018, The Citizens National Bank Of Meridian's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 123 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 298 | $66,570,000 | $223,389 | $0 | 5.79% |
| 5 Year | 1 | $5,000 | $5,000 | $0 | 6.00% |
For 2018, The Citizens National Bank Of Meridian's most frequently cited loan duration was Other, with 298 originations. The 2nd most popular length was 5 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 2 | $100,000 | $50,000 |
During 2018, The Citizens National Bank Of Meridian's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 2 originations.
Loan Sizing
2018 saw The Citizens National Bank Of Meridian place emphasis on $100,000 or less loans with 158 originations, totaling $8,440,000 in origination value.
Applicant Income
The Citizens National Bank Of Meridian lent most frequently to those with incomes in the $50k or less range, with 62 originations. The second most popular income band? $50k-75k, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 297 | $66,475,000 | $223,822 | $0 | 0.00% |
| <20% | 1 | $5,000 | $5,000 | $0 | 6.00% |
| 20-30% | 1 | $95,000 | $95,000 | $0 | 5.79% |
The Citizens National Bank Of Meridian lent most frequently to those with DTI ratios of Exempt%, with 297 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.18%
The Citizens National Bank Of Meridian has an average approval rate.
Pick Rate
Approvals leading to origination75.25%
The Citizens National Bank Of Meridian has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 27953.0 | 1 | $5,000 | $5,000 |
| 92329.5 | 1 | $95,000 | $95,000 |
| Exempt | 297 | $66,475,000 | $223,822 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Under 20% | 1 | $5,000 | $5,000 | $0 | 6.00% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Citizens National Bank of Meridian | 101 East Jefferson Street Kosciusko, MS 39090 | Full Service B&M | $82,090 |
| The Citizens National Bank of Meridian | 1015 23rd Avenue Meridian, MS 39301 | Limited, Drive-thru | $5,540 |
| The Citizens National Bank of Meridian | 102 Plaza Drive Brandon, MS 39047 | Full Service B&M | $43,811 |
| The Citizens National Bank of Meridian | 1110 Central Drive Philadelphia, MS 39350 | Full Service B&M | $1,966 |
| The Citizens National Bank of Meridian | 1127 Highway 15 North Laurel, MS 39440 | Full Service B&M | $58,138 |
| The Citizens National Bank of Meridian | 114 Grandview Boulevard Madison, MS 39110 | Full Service B&M | $42,081 |
| The Citizens National Bank of Meridian | 115 Lehmberg Road Columbus, MS 39702 | Full Service B&M | $24,748 |
| The Citizens National Bank of Meridian | 1199 Bonita Lakes Circle Meridian, MS 39301 | Full Service B&M | $26,944 |
| The Citizens National Bank of Meridian | 120 Highway 12 East Kosciusko, MS 39090 | Full Service B&M | $25,623 |
| The Citizens National Bank of Meridian | 136 North Hills Street Meridian, MS 39305 | Full Service B&M | $68,680 |
| The Citizens National Bank of Meridian | 200 South Archusa Avenue Quitman, MS 39355 | Full Service B&M | $20,743 |
| The Citizens National Bank of Meridian | 2100 Highway 19 North Meridian, MS 39301 | Full Service B&M | $38,040 |
| The Citizens National Bank of Meridian | 2412 Highway 45 North Columbus, MS 39701 | Full Service B&M | $50,132 |
| The Citizens National Bank of Meridian | 305 South Van Buren Street Carthage, MS 39051 | Full Service B&M | $34,207 |
| The Citizens National Bank of Meridian | 313 South Jefferson Street Macon, MS 39341 | Full Service B&M | $37,472 |
| The Citizens National Bank of Meridian | 4599 Hardy Street Hattiesburg, MS 39402 | Full Service B&M | $32,244 |
| The Citizens National Bank of Meridian | 4900 Poplar Spring Drive Meridian, MS 39305 | Limited, Drive-thru | $9,917 |
| The Citizens National Bank of Meridian | 512 22nd Avenue Meridian, MS 39301 | Full Service B&M | $379,576 |
| The Citizens National Bank of Meridian | 538 Main Street Philadelphia, MS 39350 | Full Service B&M | $28,868 |
| The Citizens National Bank of Meridian | 5917 U.S. Highway 49 Hattiesburg, MS 39402 | Full Service B&M | $24,341 |
| The Citizens National Bank of Meridian | 6258 Us Highway 98 Hattiesburg, MS 39402 | Full Service B&M | $39,130 |
| The Citizens National Bank of Meridian | 6296 Airways Boulevard Southaven, MS 38671 | Full Service B&M | $18,441 |
| The Citizens National Bank of Meridian | 7203 Goodman Road, 2nd Floor Suite D Olive Branch, MS 38654 | Full Service B&M | $24,617 |
| The Citizens National Bank of Meridian | 744 Pear Orchard Road Ridgeland, MS 39157 | Full Service B&M | $29,227 |
| The Citizens National Bank of Meridian | 810 Mississippi Drive Waynesboro, MS 39367 | Full Service B&M | $20,999 |
| The Citizens National Bank of Meridian | Highway 19 North Meridian, MS 39301 | Limited, Drive-thru | $24 |
For 2018, The Citizens National Bank Of Meridian had 26 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $54,423 |
| Net interest income | $46,927 |
| Total noninterest income | $18,377 |
| Gross Fiduciary activities income | $1,666 |
| Service charges on deposit accounts | $5,896 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,815 |
| Pre-tax net operating income | $25,463 |
| Securities gains (or losses, -) | $-375 |
| Income before extraordinary items | $25,088 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $25,088 |
| Minority interest net income | $0 |
| Net income | $25,088 |
| Sale, conversion, retirement of capital stock, net | $-9 |
| Net operating income | $25,463 |
The Citizens National Bank Of Meridian's gross interest income from loans was $54,423,000.
The Citizens National Bank Of Meridian's net interest income from loans was $46,927,000.
The Citizens National Bank Of Meridian's fee based income from loans was $5,896,000.
The Citizens National Bank Of Meridian's net income from loans was $25,088,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,496 |
| Provision for credit losses | $820 |
| Total noninterest expense | $39,021 |
| Salaries and employee benefits | $23,107 |
| Premises and equipment expense | $4,031 |
| Additional noninterest expense | $11,883 |
| Applicable income taxes | $0 |
| Net charge-offs | $672 |
| Cash dividends | $21,148 |
The Citizens National Bank Of Meridian's interest expense for loans was $7,496,000.
The Citizens National Bank Of Meridian's payroll and benefits expense were $23,107,000.
The Citizens National Bank Of Meridian's property, plant and equipment expenses $4,031,000.
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 | 1.0% |
| Commercial & industrial loans | 1.0% |
| 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 | $1,162,325 |
| Deposits held in domestic offices | $1,162,325 |
| Deposits by Individuals, partnerships, and corporations | $1,024,254 |
| Deposits by U.S. Government | $7 |
| Deposits by States and political subdivisions in the U.S. | $137,726 |
| Deposits by Commercial banks and other depository institutions in U.S. | $338 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $247,075 |
| Demand deposits | $154,458 |
| Nontransaction accounts | $915,250 |
| Money market deposit accounts (MMDAs) | $423,641 |
| Other savings deposits (excluding MMDAs) | $125,136 |
| Total time deposits | $366,473 |
| Total time and savings deposits | $1,007,867 |
| Noninterest-bearing deposits | $224,061 |
| Interest-bearing deposits | $938,264 |
| Retail deposits | $1,101,563 |
| IRAs and Keogh plan accounts | $34,861 |
| Brokered deposits | $360 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,349,161 |
| Cash & Balances due from depository institutions | $39,963 |
| Interest-bearing balances | $21,432 |
| Total securities | $280,514 |
| Federal funds sold & reverse repurchase | $307 |
| Net loans and leases | $970,872 |
| Loan and leases loss allowance | $12,148 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,311 |
| Other real estate owned | $1,263 |
| Goodwill and other intangibles | $0 |
| All other assets | $23,931 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,349,161 |
| Total Liabilities | $1,202,002 |
| Total deposits | $1,162,325 |
| Interest-bearing deposits | $938,264 |
| Deposits held in domestic offices | $1,162,325 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $22,960 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $16,717 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $970,872 |
| Loan and leases loss allowance | $12,148 |
| Total loans and leases (domestic) | $983,020 |
| All real estate loans | $800,271 |
| Real estate loans in domestic offices | $800,271 |
| Construction and development loans | $61,110 |
| Residential 1-4 family construction | $14,406 |
| Other construction, all land development and other land | $46,704 |
| Loans secured by nonfarm nonresidential properties | $414,787 |
| Nonfarm nonresidential secured by owner-occupied properties | $186,037 |
| Commercial real estate & other non-farm, non-residential | $228,750 |
| Multifamily residential real estate | $31,913 |
| 1-4 family residential loans | $288,744 |
| Farmland loans | $3,717 |
| Loans held in foreign offices | $0 |
| Farm loans | $403 |
| Commercial and industrial loans | $131,839 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $28,032 |
| Credit card loans | $0 |
| Related Plans | $1,593 |
| Consumer Auto Loans | $17,392 |
| Other loans to individuals | $9,047 |
| All other loans & leases | $22,475 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $12,203 |
| 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 | $2,890 |
| Non 1-4 family restructured loans & leases | $2,303 |
| Total loans and leases (foreign) | $0 |
The Citizens National Bank of Meridian had $970,872,000 of loans outstanding in 2018. $800,271,000 of loans were in real estate loans. $61,110,000 of loans were in development loans. $31,913,000 of loans were in multifamily mortgage loans. $288,744,000 of loans were in 1-4 family mortgage loans. $403,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,392,000 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 | 414 | $107,587 | $259,872 |
| Nonfarm, nonresidential loans - <$100k | 77 | $2,907 | $37,753 |
| Nonfarm, nonresidential loans - $100-250k | 111 | $14,627 | $131,775 |
| Nonfarm, nonresidential loans - $250k-1MM | 226 | $90,053 | $398,465 |
| Commercial & Industrial, US addressed loans - <$1MM | 760 | $65,087 | $85,641 |
| Commercial & Industrial, US addressed loans - <$100k | 562 | $14,523 | $25,842 |
| Commercial & Industrial, US addressed loans - $100-250k | 112 | $12,753 | $113,866 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 86 | $37,811 | $439,663 |
| Farmland loans - <$1MM | 16 | $1,797 | $112,313 |
| Farmland loans - <$100k | 3 | $38 | $12,667 |
| Farmland loans - $100-250k | 11 | $1,193 | $108,455 |
| Farmland loans - $250k-1MM | 2 | $566 | $283,000 |
| Agriculture operations loans - <$1MM | 6 | $228 | $38,000 |
| Agriculture operations loans - <$100k | 4 | $30 | $7,500 |
| Agriculture operations loans - $100-250k | 2 | $198 | $99,000 |