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

Meridian, MS

LEI: 549300XFNTNQLLW0HY87

Tax ID: 64-0134521

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

Jump to:

Mortgage Data

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: Meridian, Jackson, Hattiesburg, Starkville, and Columbus among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Citizens National Bank Of Meridian 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.

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 6.79% 4/21/24
30 Year Conventional Refi 6.83% 4/21/24
30 Year Cash-out Refi 6.27% 4/21/24
30 Year FHA Purchase 6.65% 4/21/24
30 Year FHA Refi 6.27% 4/21/24
30 Year VA Purchase 6.45% 4/21/24
30 Year VA Refi 6.25% 4/21/24
30 Year USDA Purchase 6.76% 4/21/24
15 Year Conventional Purchase 6.35% 4/21/24
15 Year Conventional Refi 6.04% 4/21/24
15 Year Cash-out Refi 6.04% 4/21/24
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






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

395

Origination Dollar Volume (All Markets)

$80,395,000

Employee count

321

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
Meridian, MS (FHA|USDA|VA) 123 $19,925,000 $161,992 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 58 $18,070,000 $311,552 $0 0.00%
Outside of Metro Areas 71 $11,875,000 $167,254 $0 0.00%
HATTIESBURG, MS (FHA|USDA|VA) 58 $11,870,000 $204,655 $0 0.00%
Starkville, MS (FHA|USDA|VA) 10 $3,570,000 $357,000 $0 0.00%
Columbus, MS (FHA|USDA|VA) 25 $3,295,000 $131,800 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $3,010,000 $1,505,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 18 $2,990,000 $166,111 $0 0.00%
Laurel, MS (FHA|USDA|VA) 13 $1,875,000 $144,231 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 5 $885,000 $177,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $785,000 $261,667 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Greenwood, MS (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Picayune, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
West Point, MS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The Citizens National Bank Of Meridian's top markets include Meridian, Jackson, Hattiesburg, Starkville, and Columbus among others.

Their top states include:
  • Mississippi (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.

    MORTGAGE INVESTORS GROUP, INC.
    Similarity Rank: 732
    The Home Lending Group LLC
    Similarity Rank: 1247
    KEESLER
    Similarity Rank: 1360
    HOPE FEDERAL CREDIT UNION
    Similarity Rank: 1425
    Hancock Whitney Bank
    Similarity Rank: 1512
    THOMPSON KANE & COMPANY, LLC
    Similarity Rank: 1802
    BankPlus
    Similarity Rank: 1833
    Origin Bank
    Similarity Rank: 2093
    Hamilton Mortgage Corporation
    Similarity Rank: 2392
    Citizens Bank
    Similarity Rank: 2672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 381 $78,075,000 $204,921 $0 0.00%
    VA 14 $2,320,000 $165,714 $0 0.00%

    For 2019, The Citizens National Bank Of Meridian's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was VA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 217 $45,745,000 $210,806 $0 0.00%
    Refi 151 $29,595,000 $195,993 $0 0.00%
    Cash Out Refi 13 $2,495,000 $191,923 $0 0.00%
    Other 10 $1,790,000 $179,000 $0 0.00%
    Home Improvement 4 $770,000 $192,500 $0 0.00%

    For 2019, The Citizens National Bank Of Meridian's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Refi, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 395 $80,395,000 $203,532 $0 0.00%

    For 2019, The Citizens National Bank Of Meridian's most frequently cited loan duration was Other, with 395 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 165 $9,325,000 $56,515 $0 0.00%
    $100k-200k 114 $16,430,000 $144,123 $0 0.00%
    $200k-400k 73 $20,825,000 $285,274 $0 0.00%
    $400k-600k 26 $11,750,000 $451,923 $0 0.00%
    $600k-1MM 10 $6,920,000 $692,000 $0 0.00%
    $1MM+ 7 $15,145,000 $2,163,571 $0 0.00%

    2019 saw The Citizens National Bank Of Meridian place emphasis on $100,000 or less loans with 165 originations, totaling $9,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 114 $9,640,000 $84,561 $0 0.00%
    $50k-75k 56 $6,720,000 $120,000 $0 0.00%
    $100k-150k 45 $9,825,000 $218,333 $0 0.00%
    $250k+ 43 $16,245,000 $377,791 $0 0.00%
    $75k-100k 36 $5,230,000 $145,278 $0 0.00%
    $150k-250k 32 $9,660,000 $301,875 $0 0.00%

    The Citizens National Bank Of Meridian lent most frequently to those with incomes in the $50k or less range, with 114 originations. The second most popular income band? $50k-75k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 395 $80,395,000 $203,532 $0 0.00%

    The Citizens National Bank Of Meridian lent most frequently to those with DTI ratios of Exempt%, with 395 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 252 $50,250,000 $199,405 $0 0.00%
    Not applicable 68 $22,940,000 $337,353 $0 0.00%
    Black 63 $5,525,000 $87,698 $0 0.00%
    Not provided 8 $1,000,000 $125,000 $0 0.00%
    Asian 4 $680,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.22%

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

    Pick Rate

    Approvals leading to origination
    74.18%

    The Citizens National Bank Of Meridian has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 395 $80,395,000 $203,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $18,625,000 $886,905
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 373 $61,745,000 $165,536

    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 $91,069
    The Citizens National Bank of Meridian 1015 23rd Avenue Meridian, MS 39301 Limited, Drive-thru $5,594
    The Citizens National Bank of Meridian 102 Plaza Drive Brandon, MS 39047 Full Service B&M $49,852
    The Citizens National Bank of Meridian 1110 Central Drive Philadelphia, MS 39350 Full Service B&M $2,034
    The Citizens National Bank of Meridian 1127 Highway 15 North Laurel, MS 39440 Full Service B&M $66,366
    The Citizens National Bank of Meridian 114 Grandview Boulevard Madison, MS 39110 Full Service B&M $53,022
    The Citizens National Bank of Meridian 115 Lehmberg Road Columbus, MS 39702 Full Service B&M $25,259
    The Citizens National Bank of Meridian 1199 Bonita Lakes Circle Meridian, MS 39301 Full Service B&M $28,142
    The Citizens National Bank of Meridian 120 Highway 12 East Kosciusko, MS 39090 Full Service B&M $28,136
    The Citizens National Bank of Meridian 136 North Hills Street Meridian, MS 39305 Full Service B&M $71,693
    The Citizens National Bank of Meridian 200 South Archusa Avenue Quitman, MS 39355 Full Service B&M $20,673
    The Citizens National Bank of Meridian 2100 Highway 19 North Meridian, MS 39301 Full Service B&M $40,008
    The Citizens National Bank of Meridian 2412 Highway 45 North Columbus, MS 39701 Full Service B&M $52,145
    The Citizens National Bank of Meridian 305 South Van Buren Street Carthage, MS 39051 Full Service B&M $34,210
    The Citizens National Bank of Meridian 313 South Jefferson Street Macon, MS 39341 Full Service B&M $40,769
    The Citizens National Bank of Meridian 4599 Hardy Street Hattiesburg, MS 39402 Full Service B&M $36,424
    The Citizens National Bank of Meridian 4900 Poplar Spring Drive Meridian, MS 39305 Limited, Drive-thru $9,212
    The Citizens National Bank of Meridian 512 22nd Avenue Meridian, MS 39301 Full Service B&M $404,475
    The Citizens National Bank of Meridian 538 Main Street Philadelphia, MS 39350 Full Service B&M $32,430
    The Citizens National Bank of Meridian 5917 U.S. Highway 49 Hattiesburg, MS 39402 Full Service B&M $26,981
    The Citizens National Bank of Meridian 6258 Us Highway 98 Hattiesburg, MS 39402 Full Service B&M $40,815
    The Citizens National Bank of Meridian 6296 Airways Boulevard Southaven, MS 38671 Full Service B&M $23,308
    The Citizens National Bank of Meridian 7203 Goodman Road, 2nd Floor Suite D Olive Branch, MS 38654 Full Service B&M $25,412
    The Citizens National Bank of Meridian 744 Pear Orchard Road Ridgeland, MS 39157 Full Service B&M $29,324
    The Citizens National Bank of Meridian 810 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $22,901
    The Citizens National Bank of Meridian Highway 19 North Meridian, MS 39301 Limited, Drive-thru $26

    For 2019, The Citizens National Bank Of Meridian had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $60,099
    Net interest income $48,168
    Total noninterest income $19,307
    Gross Fiduciary activities income $1,827
    Service charges on deposit accounts $5,784
    Trading account gains and fees $0
    Additional Noninterest Income $11,696
    Pre-tax net operating income $26,421
    Securities gains (or losses, -) $38
    Income before extraordinary items $26,459
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,459
    Minority interest net income $0
    Net income $26,459
    Sale, conversion, retirement of capital stock, net $-3
    Net operating income $26,421

    The Citizens National Bank Of Meridian's gross interest income from loans was $60,099,000.
    The Citizens National Bank Of Meridian's net interest income from loans was $48,168,000.
    The Citizens National Bank Of Meridian's fee based income from loans was $5,784,000.
    The Citizens National Bank Of Meridian's net income from loans was $26,459,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,931
    Provision for credit losses $1,440
    Total noninterest expense $39,614
    Salaries and employee benefits $23,421
    Premises and equipment expense $4,241
    Additional noninterest expense $11,952
    Applicable income taxes $0
    Net charge-offs $1,480
    Cash dividends $18,424

    The Citizens National Bank Of Meridian's interest expense for loans was $11,931,000.
    The Citizens National Bank Of Meridian's payroll and benefits expense were $23,421,000.
    The Citizens National Bank Of Meridian's property, plant and equipment expenses $4,241,000.

    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 2.0%
    HELOC loans 2.0%
    All other family 1.0%
    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 $1,226,079
    Deposits held in domestic offices $1,226,079
    Deposits by Individuals, partnerships, and corporations $1,084,842
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $140,799
    Deposits by Commercial banks and other depository institutions in U.S. $433
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $257,974
    Demand deposits $167,838
    Nontransaction accounts $968,105
    Money market deposit accounts (MMDAs) $428,559
    Other savings deposits (excluding MMDAs) $128,921
    Total time deposits $410,625
    Total time and savings deposits $1,058,241
    Noninterest-bearing deposits $259,167
    Interest-bearing deposits $966,912
    Retail deposits $1,140,756
    IRAs and Keogh plan accounts $34,603
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,421,227
    Cash & Balances due from depository institutions $73,378
    Interest-bearing balances $55,675
    Total securities $317,310
    Federal funds sold & reverse repurchase $100
    Net loans and leases $966,886
    Loan and leases loss allowance $12,108
    Trading account assets $0
    Bank premises and fixed assets $33,490
    Other real estate owned $4,944
    Goodwill and other intangibles $0
    All other assets $25,119

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,421,227
    Total Liabilities $1,261,136
    Total deposits $1,226,079
    Interest-bearing deposits $966,912
    Deposits held in domestic offices $1,226,079
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $19,869
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $15,188

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $966,886
    Loan and leases loss allowance $12,108
    Total loans and leases (domestic) $978,994
    All real estate loans $794,419
    Real estate loans in domestic offices $794,419
    Construction and development loans $67,051
    Residential 1-4 family construction $20,226
    Other construction, all land development and other land $46,825
    Loans secured by nonfarm nonresidential properties $400,275
    Nonfarm nonresidential secured by owner-occupied properties $194,757
    Commercial real estate & other non-farm, non-residential $205,518
    Multifamily residential real estate $37,013
    1-4 family residential loans $288,304
    Farmland loans $1,776
    Loans held in foreign offices $0
    Farm loans $865
    Commercial and industrial loans $136,856
    To non-U.S. addressees $0
    Loans to individuals $24,895
    Credit card loans $0
    Related Plans $1,731
    Consumer Auto Loans $14,038
    Other loans to individuals $9,126
    All other loans & leases $21,959
    Loans to foreign governments and official institutions $0
    Other loans $12,762
    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 $549
    Non 1-4 family restructured loans & leases $4
    Total loans and leases (foreign) $0

    The Citizens National Bank of Meridian had $966,886,000 of loans outstanding in 2019. $794,419,000 of loans were in real estate loans. $67,051,000 of loans were in development loans. $37,013,000 of loans were in multifamily mortgage loans. $288,304,000 of loans were in 1-4 family mortgage loans. $865,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,038,000 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 417 $103,794 $248,906
    Nonfarm, nonresidential loans - <$100k 78 $2,683 $34,397
    Nonfarm, nonresidential loans - $100-250k 118 $15,028 $127,356
    Nonfarm, nonresidential loans - $250k-1MM 221 $86,083 $389,516
    Commercial & Industrial, US addressed loans - <$1MM 793 $65,448 $82,532
    Commercial & Industrial, US addressed loans - <$100k 587 $15,559 $26,506
    Commercial & Industrial, US addressed loans - $100-250k 117 $14,122 $120,701
    Commercial & Industrial, US addressed loans - $250k-1MM 89 $35,767 $401,876
    Farmland loans - <$1MM 15 $1,576 $105,067
    Farmland loans - <$100k 4 $120 $30,000
    Farmland loans - $100-250k 9 $929 $103,222
    Farmland loans - $250k-1MM 2 $527 $263,500
    Agriculture operations loans - <$1MM 6 $224 $37,333
    Agriculture operations loans - <$100k 4 $46 $11,500
    Agriculture operations loans - $100-250k 2 $178 $89,000