The Citizens National Bank Of Meridian Mortgage Rates, Fees & Info

Meridian, MS

LEI: 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.

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

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 3/28/24
30 Year Conventional Refi 6.83% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
30 Year FHA Purchase 6.65% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.45% 3/28/24
30 Year VA Refi 6.25% 3/28/24
30 Year USDA Purchase 6.76% 3/28/24
15 Year Conventional Purchase 6.35% 3/28/24
15 Year Conventional Refi 6.04% 3/28/24
15 Year Cash-out Refi 6.04% 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.

The Citizens National Bank Of Meridian Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Citizens National Bank Of Meridian. 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

299

Origination Dollar Volume (All Markets)

$66,575,000

Employee count

322

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
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%
The Citizens National Bank Of Meridian's top markets include Jackson, Meridian, Hattiesburg, Memphis, and Gulfport among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $41,035,000 $264,742 $0 0.00%
    Refi 123 $23,735,000 $192,967 $0 0.00%
    Other 12 $1,320,000 $110,000 $0 5.90%
    Home Improvement 9 $485,000 $53,889 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 158 $8,440,000 $53,418 $0 5.90%
    $100k-200k 58 $8,290,000 $142,931 $0 0.00%
    $200k-400k 43 $11,295,000 $262,674 $0 0.00%
    $400k-600k 16 $7,840,000 $490,000 $0 0.00%
    $600k-1MM 13 $9,475,000 $728,846 $0 0.00%
    $1MM+ 11 $21,235,000 $1,930,455 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 62 $4,850,000 $78,226 $0 0.00%
    $50k-75k 50 $4,710,000 $94,200 $0 5.90%
    $250k+ 39 $17,795,000 $456,282 $0 0.00%
    $150k-250k 35 $7,705,000 $220,143 $0 0.00%
    $100k-150k 31 $4,555,000 $146,935 $0 0.00%
    $75k-100k 28 $3,420,000 $122,143 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 192 $38,290,000 $199,427 $0 5.90%
    Not applicable 50 $21,810,000 $436,200 $0 0.00%
    Black 48 $4,830,000 $100,625 $0 0.00%
    Not provided 6 $850,000 $141,667 $0 0.00%
    Asian Indian 1 $545,000 $545,000 $0 0.00%
    Asian 2 $250,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.18%

    The Citizens National Bank Of Meridian has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.25%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $19,010,000 $1,188,125
    Single Family (1-4 Units):Manufactured 2 $290,000 $145,000
    Single Family (1-4 Units):Site-Built 281 $47,275,000 $168,238

    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