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 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 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens National Bank 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.

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    Originations

    150

    Origination Dollar Volume (All Markets)

    $45,980,000

    Employee count

    204

    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) 103 $34,365,000 $333,641 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 29 $5,645,000 $194,655 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 15 $5,535,000 $369,000 $0 0.00%
    Newport, TN (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    Outside of Metro Areas 1 $135,000 $135,000 $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 150 $45,980,000 $306,533 $0 0.00%

    For 2019, Citizens National Bank's most frequently originated type of loan was Conventional, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $40,200,000 $358,929 $0 0.00%
    Refi 27 $4,065,000 $150,556 $0 0.00%
    Other 6 $300,000 $50,000 $0 0.00%
    Home Improvement 4 $1,330,000 $332,500 $0 0.00%
    Cash Out Refi 1 $85,000 $85,000 $0 0.00%

    For 2019, Citizens National Bank's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 150 $45,980,000 $306,533 $0 0.00%

    For 2019, Citizens National Bank's most frequently cited loan duration was Other, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,590,000 $143,167 $0 0.00%
    $100,000 or less 42 $2,420,000 $57,619 $0 0.00%
    $200k-400k 22 $6,220,000 $282,727 $0 0.00%
    $400k-600k 13 $6,185,000 $475,769 $0 0.00%
    $1MM+ 9 $19,705,000 $2,189,444 $0 0.00%
    $600k-1MM 4 $2,860,000 $715,000 $0 0.00%

    2019 saw Citizens National Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 29 $2,805,000 $96,724 $0 0.00%
    $50k-75k 28 $3,550,000 $126,786 $0 0.00%
    $250k+ 20 $7,970,000 $398,500 $0 0.00%
    $100k-150k 19 $3,645,000 $191,842 $0 0.00%
    $75k-100k 12 $1,590,000 $132,500 $0 0.00%
    $150k-250k 11 $3,055,000 $277,727 $0 0.00%

    Citizens National Bank lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 150 $45,980,000 $306,533 $0 0.00%

    Citizens National Bank lent most frequently to those with DTI ratios of Exempt%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $30,460,000 $276,909 $0 0.00%
    Not applicable 28 $13,170,000 $470,357 $0 0.00%
    Not provided 9 $1,835,000 $203,889 $0 0.00%
    Asian 2 $280,000 $140,000 $0 0.00%
    Other Pacific Islander 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.03%

    Citizens National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.33%

    Citizens National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 150 $45,980,000 $306,533

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $525,000 $525,000
    Multifamily:Site-Built 5 $12,355,000 $2,471,000
    Single Family (1-4 Units):Manufactured 2 $300,000 $150,000
    Single Family (1-4 Units):Site-Built 142 $32,800,000 $230,986

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens National Bank 10641 Chapman Hwy Seymour, TN 37865 Full Service B&M $42,327
    Citizens National Bank 10721 Chapman Highway Seymour, TN 37865 Full Service Retail $14,535
    Citizens National Bank 110 Cherokee Orchard Rd Gatlinburg, TN 37738 Full Service B&M $20,268
    Citizens National Bank 1414 Parkway Sevierville, TN 37862 Full Service Retail $11,834
    Citizens National Bank 1507 O'dell Ave Jefferson City, TN 37760 Full Service Retail $10,433
    Citizens National Bank 200 Forks Of The River Parkway Sevierville, TN 37862 Full Service B&M $275,981
    Citizens National Bank 2002 Walnut Street White Pine, TN 37890 Full Service B&M $26,556
    Citizens National Bank 220 Wears Valley Road Pigeon Forge, TN 37863 Full Service Retail $31,096
    Citizens National Bank 2339 Newport Hwy Sevierville, TN 37876 Full Service Retail $2,094
    Citizens National Bank 2661 Parkway Pigeon Forge, TN 37863 Full Service B&M $139,729
    Citizens National Bank 2946 Winfield Dunn Parkway Kodak, TN 37764 Full Service Retail $9,671
    Citizens National Bank 3014 Winfield Dunn Parkway Kodak, TN 37764 Full Service B&M $75,299
    Citizens National Bank 305 New Riverside Dr Sevierville, TN 37862 Full Service B&M $7,730
    Citizens National Bank 4320 Evan Greene Plaza Morristown, TN 37814 Full Service B&M $12,066
    Citizens National Bank 706 Winfield Dunn Parkway Sevierville, TN 37862 Full Service Retail $19,141
    Citizens National Bank 720 South Highway 92 Dandridge, TN 37725 Full Service B&M $41,120
    Citizens National Bank 741 Dolly Parton Parkway Sevierville, TN 37862 Full Service Retail $10,411
    Citizens National Bank 7420 Chapman Highway Knoxville, TN 37920 Full Service Retail $10,532
    Citizens National Bank 801 Dolly Parton Parkway Sevierville, TN 37862 Full Service B&M $80,584
    Citizens National Bank 813 Huckleberry Lane Knoxville, TN 37924 Full Service B&M $30,143
    Citizens National Bank 906 East Pkwy Gatlinburg, TN 37738 Full Service B&M $47,085

    For 2019, Citizens National Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,640
    Net interest income $40,168
    Total noninterest income $5,408
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,181
    Trading account gains and fees $0
    Additional Noninterest Income $3,227
    Pre-tax net operating income $20,856
    Securities gains (or losses, -) $14
    Income before extraordinary items $20,618
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $20,618
    Minority interest net income $0
    Net income $20,618
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,604

    Citizens National Bank's gross interest income from loans was $48,640,000.
    Citizens National Bank's net interest income from loans was $40,168,000.
    Citizens National Bank's fee based income from loans was $2,181,000.
    Citizens National Bank's net income from loans was $20,618,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,472
    Provision for credit losses $-367
    Total noninterest expense $25,087
    Salaries and employee benefits $13,400
    Premises and equipment expense $3,667
    Additional noninterest expense $8,020
    Applicable income taxes $252
    Net charge-offs $-49
    Cash dividends $12,145

    Citizens National Bank's interest expense for loans was $8,472,000.
    Citizens National Bank's payroll and benefits expense were $13,400,000.
    Citizens National Bank's property, plant and equipment expenses $3,667,000.

    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 0.3%
    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 $967,252
    Deposits held in domestic offices $967,252
    Deposits by Individuals, partnerships, and corporations $814,688
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $147,808
    Deposits by Commercial banks and other depository institutions in U.S. $4,756
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $102,888
    Demand deposits $48,021
    Nontransaction accounts $864,364
    Money market deposit accounts (MMDAs) $196,544
    Other savings deposits (excluding MMDAs) $481,772
    Total time deposits $186,049
    Total time and savings deposits $919,231
    Noninterest-bearing deposits $184,029
    Interest-bearing deposits $783,223
    Retail deposits $912,980
    IRAs and Keogh plan accounts $22,365
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,109,006
    Cash & Balances due from depository institutions $85,271
    Interest-bearing balances $53,426
    Total securities $137,496
    Federal funds sold & reverse repurchase $0
    Net loans and leases $829,325
    Loan and leases loss allowance $10,869
    Trading account assets $0
    Bank premises and fixed assets $14,906
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $42,008

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,109,006
    Total Liabilities $979,898
    Total deposits $967,252
    Interest-bearing deposits $783,223
    Deposits held in domestic offices $967,252
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $169
    Trading liabilities $0
    Other borrowed funds $3,222
    Subordinated debt $0
    All other liabilities $9,255

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $829,325
    Loan and leases loss allowance $10,869
    Total loans and leases (domestic) $840,194
    All real estate loans $771,370
    Real estate loans in domestic offices $771,370
    Construction and development loans $127,598
    Residential 1-4 family construction $26,473
    Other construction, all land development and other land $101,125
    Loans secured by nonfarm nonresidential properties $424,017
    Nonfarm nonresidential secured by owner-occupied properties $110,668
    Commercial real estate & other non-farm, non-residential $313,349
    Multifamily residential real estate $38,828
    1-4 family residential loans $180,478
    Farmland loans $449
    Loans held in foreign offices $0
    Farm loans $64
    Commercial and industrial loans $62,806
    To non-U.S. addressees $0
    Loans to individuals $5,289
    Credit card loans $1,449
    Related Plans $0
    Consumer Auto Loans $305
    Other loans to individuals $3,535
    All other loans & leases $2,454
    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 $379
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens National Bank had $829,325,000 of loans outstanding in 2019. $771,370,000 of loans were in real estate loans. $127,598,000 of loans were in development loans. $38,828,000 of loans were in multifamily mortgage loans. $180,478,000 of loans were in 1-4 family mortgage loans. $64,000 of loans were in farm loans. $1,449,000 of loans were in credit card loans. $305,000 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 155 $35,849 $231,284
    Nonfarm, nonresidential loans - <$100k 26 $1,149 $44,192
    Nonfarm, nonresidential loans - $100-250k 44 $4,405 $100,114
    Nonfarm, nonresidential loans - $250k-1MM 85 $30,295 $356,412
    Commercial & Industrial, US addressed loans - <$1MM 390 $29,680 $76,103
    Commercial & Industrial, US addressed loans - <$100k 246 $1,854 $7,537
    Commercial & Industrial, US addressed loans - $100-250k 80 $10,370 $129,625
    Commercial & Industrial, US addressed loans - $250k-1MM 64 $17,456 $272,750
    Farmland loans - <$1MM 1 $27 $27,000
    Farmland loans - <$100k 1 $27 $27,000
    Agriculture operations loans - <$1MM 2 $64 $32,000
    Agriculture operations loans - <$100k 2 $64 $32,000