Citizens National Bank Mortgage Rates, Fees & Info

Sevierville, TN

LEI: 549300YL0TMLCEU0GW61

Tax ID: 62-0883220

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Citizens National Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sevierville, Morristown, Knoxville, and Newport among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens National Bank 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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    Originations

    125

    Origination Dollar Volume (All Markets)

    $33,115,000

    Employee count

    209

    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
    Sevierville, TN (FHA|USDA|VA) 89 $26,195,000 $294,326 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 30 $5,650,000 $188,333 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $920,000 $230,000 $0 0.00%
    Newport, TN (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    Citizens National Bank's top markets include Sevierville, Morristown, Knoxville, and Newport among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $33,115,000 $264,920 $0 0.00%

    For 2018, Citizens National Bank's most frequently originated type of loan was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $24,345,000 $261,774 $0 0.00%
    Refi 20 $7,280,000 $364,000 $0 0.00%
    Other 7 $1,055,000 $150,714 $0 0.00%
    Home Improvement 5 $435,000 $87,000 $0 0.00%

    For 2018, Citizens National Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 125 $33,115,000 $264,920 $0 0.00%

    For 2018, Citizens National Bank's most frequently cited loan duration was Other, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $7,495,000 $146,961 $0 0.00%
    $100,000 or less 28 $1,600,000 $57,143 $0 0.00%
    $200k-400k 24 $6,550,000 $272,917 $0 0.00%
    $400k-600k 9 $4,305,000 $478,333 $0 0.00%
    $1MM+ 7 $9,265,000 $1,323,571 $0 0.00%
    $600k-1MM 6 $3,900,000 $650,000 $0 0.00%

    2018 saw Citizens National Bank place emphasis on $100k-200k loans with 51 originations, totaling $7,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $4,085,000 $177,609 $0 0.00%
    $50k-75k 19 $2,765,000 $145,526 $0 0.00%
    $50k or less 19 $1,975,000 $103,947 $0 0.00%
    $250k+ 17 $8,035,000 $472,647 $0 0.00%
    $75k-100k 13 $1,745,000 $134,231 $0 0.00%
    $150k-250k 12 $3,490,000 $290,833 $0 0.00%

    Citizens National Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 125 $33,115,000 $264,920 $0 0.00%

    Citizens National Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $20,985,000 $207,772 $0 0.00%
    Not applicable 17 $10,035,000 $590,294 $0 0.00%
    Not provided 6 $1,770,000 $295,000 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.53%

    Citizens National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.20%

    Citizens National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 125 $33,115,000 $264,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $4,425,000 $632,143
    Single Family (1-4 Units):Manufactured 3 $185,000 $61,667
    Single Family (1-4 Units):Site-Built 115 $28,505,000 $247,870

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 5 2.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 16 9.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 36 21.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 8 4.7%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 4.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 41 24.0%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 4 2.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 15 8.8%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 0.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens National Bank 10225 S Chapman Hwy Seymour, TN 37865 Full Service B&M $43,647
    Citizens National Bank 10721 Chapman Highway Seymour, TN 37865 Full Service Retail $12,853
    Citizens National Bank 110 Cherokee Orchard Rd Gatlinburg, TN 37738 Full Service B&M $21,726
    Citizens National Bank 1414 Parkway Sevierville, TN 37862 Full Service Retail $10,766
    Citizens National Bank 1507 O'dell Ave Jefferson City, TN 37760 Full Service Retail $11,237
    Citizens National Bank 200 Forks Of The River Parkway Sevierville, TN 37862 Full Service B&M $265,679
    Citizens National Bank 2002 Walnut Street White Pine, TN 37890 Full Service B&M $26,225
    Citizens National Bank 220 Wears Valley Road Pigeon Forge, TN 37863 Full Service Retail $27,711
    Citizens National Bank 2339 Newport Hwy Sevierville, TN 37876 Full Service Retail $995
    Citizens National Bank 2661 Parkway Pigeon Forge, TN 37863 Full Service B&M $150,091
    Citizens National Bank 2946 Winfield Dunn Parkway Kodak, TN 37764 Full Service Retail $8,450
    Citizens National Bank 3014 Winfield Dunn Parkway Kodak, TN 37764 Full Service B&M $75,071
    Citizens National Bank 305 New Riverside Dr Sevierville, TN 37862 Full Service B&M $6,019
    Citizens National Bank 706 Winfield Dunn Parkway Sevierville, TN 37862 Full Service Retail $12,551
    Citizens National Bank 720 South Highway 92 Dandridge, TN 37725 Full Service B&M $39,517
    Citizens National Bank 741 Dolly Parton Parkway Sevierville, TN 37862 Full Service Retail $9,413
    Citizens National Bank 7420 Chapman Highway Knoxville, TN 37920 Full Service Retail $12,376
    Citizens National Bank 801 Dolly Parton Parkway Sevierville, TN 37862 Full Service B&M $73,679
    Citizens National Bank 813 Huckleberry Lane Knoxville, TN 37924 Full Service B&M $20,597
    Citizens National Bank 813 Parkway Gatlinburg, TN 37738 Full Service B&M $3,826
    Citizens National Bank 906 E Pkwy Gatlinburg, TN 37738 Full Service B&M $44,312

    For 2018, Citizens National Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,636
    Net interest income $39,441
    Total noninterest income $5,589
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,231
    Trading account gains and fees $0
    Additional Noninterest Income $3,358
    Pre-tax net operating income $19,888
    Securities gains (or losses, -) $179
    Income before extraordinary items $19,848
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,848
    Minority interest net income $0
    Net income $19,848
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,670

    Citizens National Bank's gross interest income from loans was $45,636,000.
    Citizens National Bank's net interest income from loans was $39,441,000.
    Citizens National Bank's fee based income from loans was $2,231,000.
    Citizens National Bank's net income from loans was $19,848,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,195
    Provision for credit losses $688
    Total noninterest expense $24,454
    Salaries and employee benefits $13,282
    Premises and equipment expense $3,510
    Additional noninterest expense $7,662
    Applicable income taxes $219
    Net charge-offs $546
    Cash dividends $7,875

    Citizens National Bank's interest expense for loans was $6,195,000.
    Citizens National Bank's payroll and benefits expense were $13,282,000.
    Citizens National Bank's property, plant and equipment expenses $3,510,000.

    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 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $903,982
    Deposits held in domestic offices $903,982
    Deposits by Individuals, partnerships, and corporations $789,978
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $112,909
    Deposits by Commercial banks and other depository institutions in U.S. $1,095
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $113,405
    Demand deposits $65,252
    Nontransaction accounts $790,577
    Money market deposit accounts (MMDAs) $159,250
    Other savings deposits (excluding MMDAs) $444,779
    Total time deposits $186,547
    Total time and savings deposits $838,730
    Noninterest-bearing deposits $183,207
    Interest-bearing deposits $720,775
    Retail deposits $843,302
    IRAs and Keogh plan accounts $21,967
    Brokered deposits $10,386
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,054,777
    Cash & Balances due from depository institutions $70,116
    Interest-bearing balances $42,928
    Total securities $125,237
    Federal funds sold & reverse repurchase $0
    Net loans and leases $801,377
    Loan and leases loss allowance $11,188
    Trading account assets $0
    Bank premises and fixed assets $13,549
    Other real estate owned $2,432
    Goodwill and other intangibles $0
    All other assets $42,066

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,054,777
    Total Liabilities $937,753
    Total deposits $903,982
    Interest-bearing deposits $720,775
    Deposits held in domestic offices $903,982
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $133
    Trading liabilities $0
    Other borrowed funds $24,509
    Subordinated debt $0
    All other liabilities $9,129

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $801,377
    Loan and leases loss allowance $11,188
    Total loans and leases (domestic) $812,565
    All real estate loans $745,348
    Real estate loans in domestic offices $745,348
    Construction and development loans $82,258
    Residential 1-4 family construction $18,232
    Other construction, all land development and other land $64,026
    Loans secured by nonfarm nonresidential properties $449,041
    Nonfarm nonresidential secured by owner-occupied properties $191,205
    Commercial real estate & other non-farm, non-residential $257,836
    Multifamily residential real estate $32,558
    1-4 family residential loans $180,541
    Farmland loans $950
    Loans held in foreign offices $0
    Farm loans $253
    Commercial and industrial loans $61,717
    To non-U.S. addressees $0
    Loans to individuals $4,438
    Credit card loans $1,353
    Related Plans $0
    Consumer Auto Loans $357
    Other loans to individuals $2,728
    All other loans & leases $2,709
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,074
    Non 1-4 family restructured loans & leases $699
    Total loans and leases (foreign) $0

    Citizens National Bank had $801,377,000 of loans outstanding in 2018. $745,348,000 of loans were in real estate loans. $82,258,000 of loans were in development loans. $32,558,000 of loans were in multifamily mortgage loans. $180,541,000 of loans were in 1-4 family mortgage loans. $253,000 of loans were in farm loans. $1,353,000 of loans were in credit card loans. $357,000 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 159 $40,069 $252,006
    Nonfarm, nonresidential loans - <$100k 30 $1,146 $38,200
    Nonfarm, nonresidential loans - $100-250k 39 $4,318 $110,718
    Nonfarm, nonresidential loans - $250k-1MM 90 $34,605 $384,500
    Commercial & Industrial, US addressed loans - <$1MM 351 $21,722 $61,886
    Commercial & Industrial, US addressed loans - <$100k 246 $1,910 $7,764
    Commercial & Industrial, US addressed loans - $100-250k 47 $5,693 $121,128
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $14,119 $243,431
    Farmland loans - <$1MM 1 $232 $232,000
    Farmland loans - $250k-1MM 1 $232 $232,000
    Agriculture operations loans - <$1MM 5 $253 $50,600
    Agriculture operations loans - <$100k 4 $68 $17,000
    Agriculture operations loans - $100-250k 1 $185 $185,000