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: Meridian, Hattiesburg, Jackson, Laurel, and Memphis among others. We have data for 21 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. The Citizens National Bank Of Meridian is typically a low 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 4/18/24
30 Year Conventional Refi 6.83% 4/18/24
30 Year Cash-out Refi 6.27% 4/18/24
30 Year FHA Purchase 6.65% 4/18/24
30 Year FHA Refi 6.27% 4/18/24
30 Year VA Purchase 6.45% 4/18/24
30 Year VA Refi 6.25% 4/18/24
30 Year USDA Purchase 6.76% 4/18/24
15 Year Conventional Purchase 6.35% 4/18/24
15 Year Conventional Refi 6.04% 4/18/24
15 Year Cash-out Refi 6.04% 4/18/24
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

516

Origination Dollar Volume (All Markets)

$120,830,000

Employee count

317

Awards

The Citizens National Bank of Meridian 30 Year Conventional Loans silver The Citizens National Bank of Meridian 30 Year Conventional Loans gold The Citizens National Bank of Meridian 30 Year Conventional Loans silver The Citizens National Bank of Meridian 30 Year Conventional Loans silver
Show all (4) 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
Meridian, MS (FHA|USDA|VA) 154 $29,290,000 $190,195 $2,956 3.42%
HATTIESBURG, MS (FHA|USDA|VA) 104 $26,150,000 $251,442 $2,799 3.30%
JACKSON, MS (FHA|USDA|VA) 72 $18,920,000 $262,778 $2,818 3.43%
Laurel, MS (FHA|USDA|VA) 40 $8,240,000 $206,000 $2,643 3.35%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 26 $7,570,000 $291,154 $2,680 3.64%
Outside of Metro Areas 49 $6,265,000 $127,857 $2,816 3.82%
Columbus, MS (FHA|USDA|VA) 25 $5,015,000 $200,600 $2,846 3.42%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $4,215,000 $602,143 $3,151 3.55%
Starkville, MS (FHA|USDA|VA) 12 $4,170,000 $347,500 $3,588 3.82%
TUSCALOOSA, AL (FHA|USDA|VA) 3 $2,505,000 $835,000 $2,526 3.31%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 5 $1,725,000 $345,000 $3,704 3.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,625,000 $541,667 $5,544 3.91%
Oxford, MS (FHA|USDA|VA) 7 $1,175,000 $167,857 $2,566 3.68%
Alexander City, AL (FHA|USDA|VA) 1 $965,000 $965,000 $2,785 3.49%
MOBILE, AL (FHA|USDA|VA) 1 $845,000 $845,000 $0 3.65%
Sevierville, TN (FHA|USDA|VA) 1 $695,000 $695,000 $0 4.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $470,000 $235,000 $2,914 3.56%
West Point, MS (FHA|USDA|VA) 1 $415,000 $415,000 $3,785 2.63%
Tupelo, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,071 2.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,562 2.75%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $105,000 $105,000 $3,216 3.25%
The Citizens National Bank Of Meridian's top markets include Meridian, Hattiesburg, Jackson, Laurel, and Memphis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 497 $116,555,000 $234,517 $2,750 3.48%
    VA 18 $4,090,000 $227,222 $5,281 2.65%
    HELOC 1 $185,000 $185,000 n/a 4.50%

    For 2021, The Citizens National Bank Of Meridian's most frequently originated type of loan was Conventional, with 497 originations. Their 2nd most popular type was VA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 243 $48,555,000 $199,815 $3,150 3.41%
    Refi 219 $60,445,000 $276,005 $2,615 3.44%
    Cash Out Refi 47 $10,045,000 $213,723 $2,602 3.54%
    Home Improvement 6 $1,770,000 $295,000 $61 4.65%
    Other 1 $15,000 $15,000 $1,136 5.55%

    For 2021, The Citizens National Bank Of Meridian's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Refi, with 219 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 218 $46,000,000 $211,009 $3,091 3.32%
    Other 86 $21,290,000 $247,558 $2,757 3.43%
    5 Year 66 $19,140,000 $290,000 $61 4.29%
    15 Year 59 $13,815,000 $234,153 $2,797 2.75%
    20 Year 47 $10,005,000 $212,872 $2,581 3.40%
    10 Year 36 $10,320,000 $286,667 $1,924 3.92%
    3 Year 4 $260,000 $65,000 $0 4.90%

    For 2021, The Citizens National Bank Of Meridian's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was Other, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 360 $72,600,000 $201,667
    $1k-2k 42 $7,670,000 $182,619
    $2k-3k 6 $1,110,000 $185,000
    $4k-5k 1 $215,000 $215,000

    The Citizens National Bank Of Meridian's average total fees were $3,091, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 196 $54,810,000 $279,643
    2.5-3% 152 $33,350,000 $219,408
    4-5% 109 $22,275,000 $204,358
    <2.5% 52 $9,940,000 $191,154
    5-6% 5 $425,000 $85,000
    7-8% 2 $30,000 $15,000

    During 2021, The Citizens National Bank Of Meridian's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 196 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 191 $27,825,000 $145,681 $2,868 3.27%
    $200k-400k 143 $38,645,000 $270,245 $3,153 3.23%
    $100,000 or less 115 $6,935,000 $60,304 $2,224 4.02%
    $400k-600k 40 $18,880,000 $472,000 $3,440 3.34%
    $600k-1MM 16 $12,430,000 $776,875 $2,190 3.81%
    $1MM+ 11 $16,115,000 $1,465,000 $0 3.72%

    2021 saw The Citizens National Bank Of Meridian place emphasis on $100k-200k loans with 191 originations, totaling $27,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 101 $14,655,000 $145,099 $2,936 3.25%
    $50k or less 93 $9,795,000 $105,323 $2,384 3.57%
    $100k-150k 85 $19,715,000 $231,941 $3,113 3.22%
    $150k-250k 65 $17,635,000 $271,308 $2,794 3.35%
    $75k-100k 56 $10,460,000 $186,786 $3,146 3.16%
    $250k+ 33 $11,435,000 $346,515 $3,020 3.40%

    The Citizens National Bank Of Meridian lent most frequently to those with incomes in the $50k-75k range, with 101 originations. The second most popular income band? $50k or less, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 128 $24,810,000 $193,828 $2,903 3.21%
    30-36% 85 $17,995,000 $211,706 $3,013 3.30%
    <20% 65 $13,935,000 $214,385 $2,768 3.01%
    39% 20 $3,760,000 $188,000 $2,777 3.41%
    37% 20 $3,250,000 $162,500 $2,865 3.67%
    38% 17 $2,655,000 $156,176 $2,719 3.39%
    42% 15 $3,115,000 $207,667 $2,938 3.24%
    40% 10 $1,490,000 $149,000 $2,655 3.53%
    36% 9 $1,265,000 $140,556 $3,300 3.28%
    41% 7 $1,435,000 $205,000 $2,988 3.18%
    43% 7 $1,235,000 $176,429 $2,807 3.11%
    44% 6 $910,000 $151,667 $2,301 3.59%
    46% 5 $745,000 $149,000 $3,247 3.08%
    49% 5 $1,335,000 $267,000 $2,796 3.10%
    50-60% 5 $1,325,000 $265,000 $1,661 4.29%
    48% 4 $820,000 $205,000 $3,046 2.84%
    45% 2 $310,000 $155,000 $2,735 2.94%
    47% 2 $270,000 $135,000 $2,574 2.88%
    >60% 1 $135,000 $135,000 $1,698 4.49%

    The Citizens National Bank Of Meridian lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 368 $75,560,000 $205,326 $2,865 3.29%
    Not applicable 74 $34,550,000 $466,892 $0 4.20%
    Black 54 $6,700,000 $124,074 $2,804 3.58%
    Asian 7 $1,525,000 $217,857 $2,233 3.17%
    Asian Indian 3 $1,015,000 $338,333 $3,247 2.96%
    Not provided 7 $905,000 $129,286 $2,964 3.70%
    Vietnamese 1 $325,000 $325,000 $1,383 4.49%
    American Indian 2 $250,000 $125,000 $5,571 3.62%

    Approval Rates

    Total approvals of all applications
    96.01%

    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
    79.07%

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

    Points and Fees

    Points Originations Total Value Average Loan
    3716.73 1 $305,000 $305,000
    NA 515 $120,525,000 $234,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    516 $120,830,000 $234,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,880,000 $110,769 $1,955 3.99%
    40-60% 69 $15,015,000 $217,609 $2,596 3.41%
    60-80% 188 $48,110,000 $255,904 $2,773 3.37%
    80-100% 210 $45,460,000 $216,476 $3,133 3.39%
    Over 100% 8 $4,780,000 $597,500 $4,857 3.60%
    Under 20% 6 $130,000 $21,667 $687 5.01%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Citizens National Bank of Meridian 120 Highway 12 East Kosciusko, MS 39090 Full Service B&M $33,182
    The Citizens National Bank of Meridian 101 East Jefferson Street Kosciusko, MS 39090 Full Service B&M $82,648
    The Citizens National Bank of Meridian 1015 23rd Avenue Meridian, MS 39301 Limited, Drive-thru $6,405
    The Citizens National Bank of Meridian 102 Plaza Drive Brandon, MS 39047 Full Service B&M $50,580
    The Citizens National Bank of Meridian 1110 Central Drive Philadelphia, MS 39350 Full Service B&M $2,900
    The Citizens National Bank of Meridian 1127 Highway 15 North Laurel, MS 39440 Full Service B&M $66,129
    The Citizens National Bank of Meridian 114 Grandview Boulevard Madison, MS 39110 Full Service B&M $65,281
    The Citizens National Bank of Meridian 115 Lehmberg Road Columbus, MS 39702 Full Service B&M $29,008
    The Citizens National Bank of Meridian 1199 Bonita Lakes Circle Meridian, MS 39301 Full Service B&M $36,005
    The Citizens National Bank of Meridian 136 North Hills Street Meridian, MS 39305 Full Service B&M $84,831
    The Citizens National Bank of Meridian 200 South Archusa Avenue Quitman, MS 39355 Full Service B&M $20,705
    The Citizens National Bank of Meridian 2100 Highway 19 North Meridian, MS 39301 Full Service B&M $45,414
    The Citizens National Bank of Meridian 2412 Highway 45 North Columbus, MS 39701 Full Service B&M $59,509
    The Citizens National Bank of Meridian 305 South Van Buren Street Carthage, MS 39051 Full Service B&M $46,337
    The Citizens National Bank of Meridian 313 South Jefferson Street Macon, MS 39341 Full Service B&M $56,598
    The Citizens National Bank of Meridian 4599 Hardy Street Hattiesburg, MS 39402 Full Service B&M $36,649
    The Citizens National Bank of Meridian 4900 Poplar Spring Drive Meridian, MS 39305 Limited, Drive-thru $12,154
    The Citizens National Bank of Meridian 512 22nd Avenue Meridian, MS 39301 Full Service B&M $517,268
    The Citizens National Bank of Meridian 538 Main Street Philadelphia, MS 39350 Full Service B&M $42,677
    The Citizens National Bank of Meridian 5917 U.S. Highway 49 Hattiesburg, MS 39402 Full Service B&M $21,369
    The Citizens National Bank of Meridian 6258 Us Highway 98 Hattiesburg, MS 39402 Full Service B&M $47,534
    The Citizens National Bank of Meridian 6296 Airways Boulevard Southaven, MS 38671 Full Service B&M $26,558
    The Citizens National Bank of Meridian 7045 Goodman Road Olive Branch, MS 38654 Full Service B&M $11,036
    The Citizens National Bank of Meridian 7203 Goodman Road, 2nd Floor Suite D Olive Branch, MS 38654 Full Service B&M $31,568
    The Citizens National Bank of Meridian 744 Pear Orchard Road Ridgeland, MS 39157 Full Service B&M $26,296
    The Citizens National Bank of Meridian 810 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $21,902
    The Citizens National Bank of Meridian Highway 19 North Meridian, MS 39301 Limited, Drive-thru $22

    For 2021, The Citizens National Bank Of Meridian had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,104
    Net interest income $53,072
    Total noninterest income $22,698
    Gross Fiduciary activities income $2,464
    Service charges on deposit accounts $4,561
    Trading account gains and fees $0
    Additional Noninterest Income $15,673
    Pre-tax net operating income $30,243
    Securities gains (or losses, -) $0
    Income before extraordinary items $30,243
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $30,243
    Minority interest net income $0
    Net income $30,243
    Sale, conversion, retirement of capital stock, net $2
    Net operating income $30,243

    The Citizens National Bank Of Meridian's gross interest income from loans was $55,104,000.
    The Citizens National Bank Of Meridian's net interest income from loans was $53,072,000.
    The Citizens National Bank Of Meridian's fee based income from loans was $4,561,000.
    The Citizens National Bank Of Meridian's net income from loans was $30,243,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,032
    Provision for credit losses $1,160
    Total noninterest expense $44,367
    Salaries and employee benefits $26,269
    Premises and equipment expense $4,415
    Additional noninterest expense $13,683
    Applicable income taxes $0
    Net charge-offs $556
    Cash dividends $22,402

    The Citizens National Bank Of Meridian's interest expense for loans was $2,032,000.
    The Citizens National Bank Of Meridian's payroll and benefits expense were $26,269,000.
    The Citizens National Bank Of Meridian's property, plant and equipment expenses $4,415,000.

    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 1.0%
    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 $1,535,556
    Deposits held in domestic offices $1,535,556
    Deposits by Individuals, partnerships, and corporations $1,320,801
    Deposits by U.S. Government $11
    Deposits by States and political subdivisions in the U.S. $214,215
    Deposits by Commercial banks and other depository institutions in U.S. $529
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $481,285
    Demand deposits $333,122
    Nontransaction accounts $1,054,271
    Money market deposit accounts (MMDAs) $646,791
    Other savings deposits (excluding MMDAs) $176,652
    Total time deposits $230,828
    Total time and savings deposits $1,202,434
    Noninterest-bearing deposits $435,645
    Interest-bearing deposits $1,099,911
    Retail deposits $1,494,318
    IRAs and Keogh plan accounts $29,238
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,763,795
    Cash & Balances due from depository institutions $196,862
    Interest-bearing balances $176,667
    Total securities $475,200
    Federal funds sold & reverse repurchase $100
    Net loans and leases $1,017,353
    Loan and leases loss allowance $14,905
    Trading account assets $0
    Bank premises and fixed assets $31,880
    Other real estate owned $3,975
    Goodwill and other intangibles $0
    All other assets $38,425

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,763,795
    Total Liabilities $1,589,908
    Total deposits $1,535,556
    Interest-bearing deposits $1,099,911
    Deposits held in domestic offices $1,535,556
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $37,825
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $16,527

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,017,353
    Loan and leases loss allowance $14,905
    Total loans and leases (domestic) $1,032,258
    All real estate loans $843,978
    Real estate loans in domestic offices $843,978
    Construction and development loans $85,888
    Residential 1-4 family construction $17,836
    Other construction, all land development and other land $68,052
    Loans secured by nonfarm nonresidential properties $437,089
    Nonfarm nonresidential secured by owner-occupied properties $202,941
    Commercial real estate & other non-farm, non-residential $234,148
    Multifamily residential real estate $28,375
    1-4 family residential loans $290,689
    Farmland loans $1,937
    Loans held in foreign offices $0
    Farm loans $570
    Commercial and industrial loans $147,244
    To non-U.S. addressees $0
    Loans to individuals $19,052
    Credit card loans $0
    Related Plans $1,517
    Consumer Auto Loans $9,353
    Other loans to individuals $8,182
    All other loans & leases $21,414
    Loans to foreign governments and official institutions $0
    Other loans $14,760
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Citizens National Bank of Meridian had $1,017,353,000 of loans outstanding in 2021. $843,978,000 of loans were in real estate loans. $85,888,000 of loans were in development loans. $28,375,000 of loans were in multifamily mortgage loans. $290,689,000 of loans were in 1-4 family mortgage loans. $570,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,353,000 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 449 $128,278 $285,697
    Nonfarm, nonresidential loans - <$100k 74 $3,060 $41,351
    Nonfarm, nonresidential loans - $100-250k 117 $14,812 $126,598
    Nonfarm, nonresidential loans - $250k-1MM 258 $110,406 $427,930
    Commercial & Industrial, US addressed loans - <$1MM 1,080 $73,659 $68,203
    Commercial & Industrial, US addressed loans - <$100k 825 $18,689 $22,653
    Commercial & Industrial, US addressed loans - $100-250k 153 $18,076 $118,144
    Commercial & Industrial, US addressed loans - $250k-1MM 102 $36,894 $361,706
    Farmland loans - <$1MM 14 $1,060 $75,714
    Farmland loans - <$100k 5 $151 $30,200
    Farmland loans - $100-250k 8 $721 $90,125
    Farmland loans - $250k-1MM 1 $188 $188,000
    Agriculture operations loans - <$1MM 5 $174 $34,800
    Agriculture operations loans - <$100k 3 $68 $22,667
    Agriculture operations loans - $100-250k 2 $106 $53,000