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 Refi and Home Purchase loans. The Citizens National Bank Of Meridian has a high proportion of conventional loans. Their top markets by origination volume include: Meridian, Jackson, Hattiesburg, Memphis, and Laurel among others. We have data for 24 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.

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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

797

Origination Dollar Volume (All Markets)

$166,975,000

Employee count

320

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) 214 $38,790,000 $181,262 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 150 $38,640,000 $257,600 $0 0.00%
HATTIESBURG, MS (FHA|USDA|VA) 143 $34,955,000 $244,441 $0 0.00%
Outside of Metro Areas 104 $13,410,000 $128,942 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 36 $7,500,000 $208,333 $0 0.00%
Laurel, MS (FHA|USDA|VA) 42 $7,240,000 $172,381 $0 0.00%
Columbus, MS (FHA|USDA|VA) 50 $6,890,000 $137,800 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 8 $4,540,000 $567,500 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $4,375,000 $875,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $3,205,000 $3,205,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 6 $1,580,000 $263,333 $0 0.00%
Oxford, MS (FHA|USDA|VA) 9 $1,535,000 $170,556 $0 0.00%
Starkville, MS (FHA|USDA|VA) 10 $1,200,000 $120,000 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $560,000 $140,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
West Point, MS (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
Vicksburg, MS (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Greenwood, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Picayune, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Brookhaven, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
The Citizens National Bank Of Meridian's top markets include Meridian, Jackson, Hattiesburg, Memphis, and Laurel among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 774 $162,560,000 $210,026 $0 0.00%
    VA 23 $4,415,000 $191,957 $0 0.00%

    For 2020, The Citizens National Bank Of Meridian's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was VA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 410 $83,280,000 $203,122 $0 0.00%
    Home Purchase 320 $70,860,000 $221,438 $0 0.00%
    Cash Out Refi 52 $12,080,000 $232,308 $0 0.00%
    Home Improvement 10 $490,000 $49,000 $0 0.00%
    Other 5 $265,000 $53,000 $0 0.00%

    For 2020, The Citizens National Bank Of Meridian's most frequently cited loan purpose was Refi, with 410 originations. The 2nd most popular reason was Home Purchase, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 797 $166,975,000 $209,504 $0 0.00%

    For 2020, The Citizens National Bank Of Meridian's most frequently cited loan duration was Other, with 797 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 255 $70,605,000 $276,882 $0 0.00%
    $100k-200k 244 $35,830,000 $146,844 $0 0.00%
    $100,000 or less 226 $13,400,000 $59,292 $0 0.00%
    $400k-600k 47 $22,065,000 $469,468 $0 0.00%
    $600k-1MM 19 $13,885,000 $730,789 $0 0.00%
    $1MM+ 6 $11,190,000 $1,865,000 $0 0.00%

    2020 saw The Citizens National Bank Of Meridian place emphasis on $200k-400k loans with 255 originations, totaling $70,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 137 $31,605,000 $230,693 $0 0.00%
    $50k-75k 136 $20,020,000 $147,206 $0 0.00%
    $50k or less 119 $10,415,000 $87,521 $0 0.00%
    $75k-100k 112 $19,180,000 $171,250 $0 0.00%
    $150k-250k 104 $27,730,000 $266,635 $0 0.00%
    $250k+ 68 $27,830,000 $409,265 $0 0.00%

    The Citizens National Bank Of Meridian lent most frequently to those with incomes in the $100k-150k range, with 137 originations. The second most popular income band? $50k-75k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 797 $166,975,000 $209,504 $0 0.00%

    The Citizens National Bank Of Meridian lent most frequently to those with DTI ratios of Exempt%, with 797 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 595 $131,815,000 $221,538 $0 0.00%
    Not applicable 89 $21,225,000 $238,483 $0 0.00%
    Black 88 $8,770,000 $99,659 $0 0.00%
    Not provided 15 $3,055,000 $203,667 $0 0.00%
    Asian 7 $1,555,000 $222,143 $0 0.00%
    American Indian 2 $530,000 $265,000 $0 0.00%
    Other Pacific Islander 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.03%

    The Citizens National Bank Of Meridian has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.82%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 797 $166,975,000 $209,504

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $9,635,000 $507,105
    Single Family (1-4 Units):Manufactured 5 $405,000 $81,000
    Single Family (1-4 Units):Site-Built 773 $156,935,000 $203,021

    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 $97,504
    The Citizens National Bank of Meridian 1015 23rd Avenue Meridian, MS 39301 Limited, Drive-thru $5,905
    The Citizens National Bank of Meridian 102 Plaza Drive Brandon, MS 39047 Full Service B&M $53,388
    The Citizens National Bank of Meridian 1110 Central Drive Philadelphia, MS 39350 Full Service B&M $2,635
    The Citizens National Bank of Meridian 1127 Highway 15 North Laurel, MS 39440 Full Service B&M $68,273
    The Citizens National Bank of Meridian 114 Grandview Boulevard Madison, MS 39110 Full Service B&M $55,045
    The Citizens National Bank of Meridian 115 Lehmberg Road Columbus, MS 39702 Full Service B&M $28,435
    The Citizens National Bank of Meridian 1199 Bonita Lakes Circle Meridian, MS 39301 Full Service B&M $33,189
    The Citizens National Bank of Meridian 120 Highway 12 East Kosciusko, MS 39090 Full Service B&M $29,982
    The Citizens National Bank of Meridian 136 North Hills Street Meridian, MS 39305 Full Service B&M $78,344
    The Citizens National Bank of Meridian 200 South Archusa Avenue Quitman, MS 39355 Full Service B&M $19,764
    The Citizens National Bank of Meridian 2100 Highway 19 North Meridian, MS 39301 Full Service B&M $44,771
    The Citizens National Bank of Meridian 2412 Highway 45 North Columbus, MS 39701 Full Service B&M $57,350
    The Citizens National Bank of Meridian 305 South Van Buren Street Carthage, MS 39051 Full Service B&M $38,084
    The Citizens National Bank of Meridian 313 South Jefferson Street Macon, MS 39341 Full Service B&M $50,532
    The Citizens National Bank of Meridian 4599 Hardy Street Hattiesburg, MS 39402 Full Service B&M $33,022
    The Citizens National Bank of Meridian 4900 Poplar Spring Drive Meridian, MS 39305 Limited, Drive-thru $10,824
    The Citizens National Bank of Meridian 512 22nd Avenue Meridian, MS 39301 Full Service B&M $423,823
    The Citizens National Bank of Meridian 538 Main Street Philadelphia, MS 39350 Full Service B&M $36,569
    The Citizens National Bank of Meridian 5917 U.S. Highway 49 Hattiesburg, MS 39402 Full Service B&M $25,808
    The Citizens National Bank of Meridian 6258 Us Highway 98 Hattiesburg, MS 39402 Full Service B&M $47,753
    The Citizens National Bank of Meridian 6296 Airways Boulevard Southaven, MS 38671 Full Service B&M $27,430
    The Citizens National Bank of Meridian 7045 Goodman Road Olive Branch, MS 38654 Full Service B&M $2,691
    The Citizens National Bank of Meridian 7203 Goodman Road, 2nd Floor Suite D Olive Branch, MS 38654 Full Service B&M $31,739
    The Citizens National Bank of Meridian 744 Pear Orchard Road Ridgeland, MS 39157 Full Service B&M $28,784
    The Citizens National Bank of Meridian 810 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $23,857
    The Citizens National Bank of Meridian Highway 19 North Meridian, MS 39301 Limited, Drive-thru $22

    For 2020, The Citizens National Bank Of Meridian had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,301
    Net interest income $50,064
    Total noninterest income $18,351
    Gross Fiduciary activities income $2,068
    Service charges on deposit accounts $4,295
    Trading account gains and fees $0
    Additional Noninterest Income $11,988
    Pre-tax net operating income $25,124
    Securities gains (or losses, -) $0
    Income before extraordinary items $25,124
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,124
    Minority interest net income $0
    Net income $25,124
    Sale, conversion, retirement of capital stock, net $-2
    Net operating income $25,124

    The Citizens National Bank Of Meridian's gross interest income from loans was $57,301,000.
    The Citizens National Bank Of Meridian's net interest income from loans was $50,064,000.
    The Citizens National Bank Of Meridian's fee based income from loans was $4,295,000.
    The Citizens National Bank Of Meridian's net income from loans was $25,124,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,237
    Provision for credit losses $2,646
    Total noninterest expense $40,645
    Salaries and employee benefits $24,064
    Premises and equipment expense $4,417
    Additional noninterest expense $12,164
    Applicable income taxes $0
    Net charge-offs $453
    Cash dividends $17,443

    The Citizens National Bank Of Meridian's interest expense for loans was $7,237,000.
    The Citizens National Bank Of Meridian's payroll and benefits expense were $24,064,000.
    The Citizens National Bank Of Meridian's property, plant and equipment expenses $4,417,000.

    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 2.0%
    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 $1,343,258
    Deposits held in domestic offices $1,343,258
    Deposits by Individuals, partnerships, and corporations $1,184,966
    Deposits by U.S. Government $9
    Deposits by States and political subdivisions in the U.S. $157,482
    Deposits by Commercial banks and other depository institutions in U.S. $801
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $365,692
    Demand deposits $254,278
    Nontransaction accounts $977,566
    Money market deposit accounts (MMDAs) $538,429
    Other savings deposits (excluding MMDAs) $139,639
    Total time deposits $299,498
    Total time and savings deposits $1,088,980
    Noninterest-bearing deposits $351,564
    Interest-bearing deposits $991,694
    Retail deposits $1,272,559
    IRAs and Keogh plan accounts $32,331
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,595,716
    Cash & Balances due from depository institutions $199,733
    Interest-bearing balances $163,935
    Total securities $298,582
    Federal funds sold & reverse repurchase $100
    Net loans and leases $1,024,988
    Loan and leases loss allowance $14,301
    Trading account assets $0
    Bank premises and fixed assets $32,959
    Other real estate owned $4,597
    Goodwill and other intangibles $0
    All other assets $34,757

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,595,716
    Total Liabilities $1,422,625
    Total deposits $1,343,258
    Interest-bearing deposits $991,694
    Deposits held in domestic offices $1,343,258
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $66,320
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,047

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,024,988
    Loan and leases loss allowance $14,301
    Total loans and leases (domestic) $1,039,289
    All real estate loans $809,483
    Real estate loans in domestic offices $809,483
    Construction and development loans $65,903
    Residential 1-4 family construction $17,927
    Other construction, all land development and other land $47,976
    Loans secured by nonfarm nonresidential properties $418,125
    Nonfarm nonresidential secured by owner-occupied properties $194,957
    Commercial real estate & other non-farm, non-residential $223,168
    Multifamily residential real estate $27,398
    1-4 family residential loans $296,872
    Farmland loans $1,185
    Loans held in foreign offices $0
    Farm loans $325
    Commercial and industrial loans $184,520
    To non-U.S. addressees $0
    Loans to individuals $22,693
    Credit card loans $0
    Related Plans $1,518
    Consumer Auto Loans $12,462
    Other loans to individuals $8,713
    All other loans & leases $22,268
    Loans to foreign governments and official institutions $0
    Other loans $12,393
    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 $219
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Citizens National Bank of Meridian had $1,024,988,000 of loans outstanding in 2020. $809,483,000 of loans were in real estate loans. $65,903,000 of loans were in development loans. $27,398,000 of loans were in multifamily mortgage loans. $296,872,000 of loans were in 1-4 family mortgage loans. $325,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,462,000 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 418 $112,220 $268,469
    Nonfarm, nonresidential loans - <$100k 73 $2,797 $38,315
    Nonfarm, nonresidential loans - $100-250k 110 $13,680 $124,364
    Nonfarm, nonresidential loans - $250k-1MM 235 $95,743 $407,417
    Commercial & Industrial, US addressed loans - <$1MM 1,793 $102,120 $56,955
    Commercial & Industrial, US addressed loans - <$100k 1,462 $33,717 $23,062
    Commercial & Industrial, US addressed loans - $100-250k 215 $25,451 $118,377
    Commercial & Industrial, US addressed loans - $250k-1MM 116 $42,952 $370,276
    Farmland loans - <$1MM 12 $952 $79,333
    Farmland loans - <$100k 4 $69 $17,250
    Farmland loans - $100-250k 7 $662 $94,571
    Farmland loans - $250k-1MM 1 $221 $221,000
    Agriculture operations loans - <$1MM 4 $144 $36,000
    Agriculture operations loans - <$100k 2 $16 $8,000
    Agriculture operations loans - $100-250k 2 $128 $64,000