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, Greeneville, and Myrtle Beach among others. We have data for 8 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

    203

    Origination Dollar Volume (All Markets)

    $55,175,000

    Employee count

    198

    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) 117 $34,975,000 $298,932 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 58 $12,610,000 $217,414 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 20 $4,730,000 $236,500 $0 0.00%
    Greeneville, TN (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    Newport, TN (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
    CLEVELAND, TN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Cookeville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Citizens National Bank's top markets include Sevierville, Morristown, Knoxville, Greeneville, and Myrtle Beach among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 203 $55,175,000 $271,798 $0 0.00%

    For 2021, Citizens National Bank's most frequently originated type of loan was Conventional, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $31,950,000 $332,813 $0 0.00%
    Refi 82 $19,110,000 $233,049 $0 0.00%
    Home Improvement 14 $1,780,000 $127,143 $0 0.00%
    Other 11 $2,335,000 $212,273 $0 0.00%

    For 2021, Citizens National Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 203 $55,175,000 $271,798 $0 0.00%

    For 2021, Citizens National Bank's most frequently cited loan duration was Other, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 70 $10,410,000 $148,714 $0 0.00%
    $200k-400k 70 $18,940,000 $270,571 $0 0.00%
    $100,000 or less 31 $2,115,000 $68,226 $0 0.00%
    $400k-600k 17 $7,845,000 $461,471 $0 0.00%
    $600k-1MM 12 $8,630,000 $719,167 $0 0.00%
    $1MM+ 3 $7,235,000 $2,411,667 $0 0.00%

    2021 saw Citizens National Bank place emphasis on $100k-200k loans with 70 originations, totaling $10,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $7,100,000 $221,875 $0 0.00%
    $75k-100k 32 $5,750,000 $179,688 $0 0.00%
    $250k+ 31 $13,965,000 $450,484 $0 0.00%
    $50k-75k 31 $5,125,000 $165,323 $0 0.00%
    $150k-250k 27 $7,035,000 $260,556 $0 0.00%
    $50k or less 20 $2,130,000 $106,500 $0 0.00%

    Citizens National Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 203 $55,175,000 $271,798 $0 0.00%

    Citizens National Bank lent most frequently to those with DTI ratios of Exempt%, with 203 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $39,125,000 $243,012 $0 0.00%
    Not applicable 16 $9,900,000 $618,750 $0 0.00%
    Not provided 17 $3,225,000 $189,706 $0 0.00%
    Asian 7 $2,495,000 $356,429 $0 0.00%
    Black 1 $265,000 $265,000 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.49%

    Citizens National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.73%

    Citizens National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 203 $55,175,000 $271,798

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    203 $55,175,000 $271,798

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 54 15.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 22 6.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 6 1.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 116 33.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 15 4.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 19 5.5%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Incorrect information on your report 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Incorrect information on your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 13 3.7%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 3 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 $62,178
    Citizens National Bank 10721 Chapman Highway Seymour, TN 37865 Full Service Retail $18,594
    Citizens National Bank 110 Cherokee Orchard Rd Gatlinburg, TN 37738 Full Service B&M $50,337
    Citizens National Bank 1414 Parkway Sevierville, TN 37862 Full Service Retail $15,173
    Citizens National Bank 1507 O'dell Ave Jefferson City, TN 37760 Full Service Retail $12,665
    Citizens National Bank 200 Forks Of The River Parkway Sevierville, TN 37862 Full Service B&M $274,200
    Citizens National Bank 2002 Walnut Street White Pine, TN 37890 Full Service B&M $41,666
    Citizens National Bank 220 Wears Valley Road Pigeon Forge, TN 37863 Full Service Retail $47,915
    Citizens National Bank 2339 Newport Hwy Sevierville, TN 37876 Full Service Retail $4,107
    Citizens National Bank 2661 Parkway Pigeon Forge, TN 37863 Full Service B&M $241,527
    Citizens National Bank 2946 Winfield Dunn Parkway Kodak, TN 37764 Full Service Retail $11,913
    Citizens National Bank 3014 Winfield Dunn Parkway Kodak, TN 37764 Full Service B&M $117,174
    Citizens National Bank 305 New Riverside Dr Sevierville, TN 37862 Full Service B&M $20,958
    Citizens National Bank 3064 Teaster Ln Pigeon Forge, TN 37863 Full Service Retail $423
    Citizens National Bank 4320 Evan Greene Plaza Morristown, TN 37814 Full Service B&M $32,829
    Citizens National Bank 706 Winfield Dunn Parkway Sevierville, TN 37862 Full Service Retail $22,294
    Citizens National Bank 720 South Highway 92 Dandridge, TN 37725 Full Service B&M $63,918
    Citizens National Bank 741 Dolly Parton Parkway Sevierville, TN 37862 Full Service Retail $13,551
    Citizens National Bank 7420 Chapman Highway Knoxville, TN 37920 Full Service Retail $13,957
    Citizens National Bank 801 Dolly Parton Parkway Sevierville, TN 37862 Full Service B&M $111,618
    Citizens National Bank 813 Huckleberry Lane Knoxville, TN 37924 Full Service B&M $41,250
    Citizens National Bank 906 East Pkwy Gatlinburg, TN 37738 Full Service B&M $63,539

    For 2021, Citizens National Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,877
    Net interest income $49,915
    Total noninterest income $8,435
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,233
    Trading account gains and fees $0
    Additional Noninterest Income $6,202
    Pre-tax net operating income $28,832
    Securities gains (or losses, -) $11
    Income before extraordinary items $28,243
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,243
    Minority interest net income $0
    Net income $28,243
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $28,232

    Citizens National Bank's gross interest income from loans was $53,877,000.
    Citizens National Bank's net interest income from loans was $49,915,000.
    Citizens National Bank's fee based income from loans was $2,233,000.
    Citizens National Bank's net income from loans was $28,243,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,962
    Provision for credit losses $671
    Total noninterest expense $28,847
    Salaries and employee benefits $16,753
    Premises and equipment expense $3,798
    Additional noninterest expense $8,296
    Applicable income taxes $600
    Net charge-offs $80
    Cash dividends $14,140

    Citizens National Bank's interest expense for loans was $3,962,000.
    Citizens National Bank's payroll and benefits expense were $16,753,000.
    Citizens National Bank's property, plant and equipment expenses $3,798,000.

    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 0.0%
    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 $1,430,220
    Deposits held in domestic offices $1,430,220
    Deposits by Individuals, partnerships, and corporations $1,282,297
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $147,431
    Deposits by Commercial banks and other depository institutions in U.S. $492
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,657
    Demand deposits $85,452
    Nontransaction accounts $1,270,563
    Money market deposit accounts (MMDAs) $273,733
    Other savings deposits (excluding MMDAs) $831,464
    Total time deposits $165,366
    Total time and savings deposits $1,344,768
    Noninterest-bearing deposits $398,712
    Interest-bearing deposits $1,031,508
    Retail deposits $1,377,696
    IRAs and Keogh plan accounts $21,107
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,594,939
    Cash & Balances due from depository institutions $353,436
    Interest-bearing balances $328,273
    Total securities $214,461
    Federal funds sold & reverse repurchase $0
    Net loans and leases $958,692
    Loan and leases loss allowance $12,031
    Trading account assets $0
    Bank premises and fixed assets $16,670
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $51,680

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,594,939
    Total Liabilities $1,442,516
    Total deposits $1,430,220
    Interest-bearing deposits $1,031,508
    Deposits held in domestic offices $1,430,220
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $187
    Trading liabilities $0
    Other borrowed funds $1,226
    Subordinated debt $0
    All other liabilities $10,883

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $958,692
    Loan and leases loss allowance $12,031
    Total loans and leases (domestic) $970,723
    All real estate loans $852,346
    Real estate loans in domestic offices $852,346
    Construction and development loans $81,504
    Residential 1-4 family construction $31,122
    Other construction, all land development and other land $50,382
    Loans secured by nonfarm nonresidential properties $558,757
    Nonfarm nonresidential secured by owner-occupied properties $164,821
    Commercial real estate & other non-farm, non-residential $393,936
    Multifamily residential real estate $28,951
    1-4 family residential loans $181,834
    Farmland loans $1,300
    Loans held in foreign offices $0
    Farm loans $55
    Commercial and industrial loans $113,266
    To non-U.S. addressees $0
    Loans to individuals $4,587
    Credit card loans $1,179
    Related Plans $0
    Consumer Auto Loans $404
    Other loans to individuals $3,004
    All other loans & leases $1,962
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens National Bank had $958,692,000 of loans outstanding in 2021. $852,346,000 of loans were in real estate loans. $81,504,000 of loans were in development loans. $28,951,000 of loans were in multifamily mortgage loans. $181,834,000 of loans were in 1-4 family mortgage loans. $55,000 of loans were in farm loans. $1,179,000 of loans were in credit card loans. $404,000 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 133 $32,742 $246,180
    Nonfarm, nonresidential loans - <$100k 21 $913 $43,476
    Nonfarm, nonresidential loans - $100-250k 38 $4,184 $110,105
    Nonfarm, nonresidential loans - $250k-1MM 74 $27,645 $373,581
    Commercial & Industrial, US addressed loans - <$1MM 462 $39,416 $85,316
    Commercial & Industrial, US addressed loans - <$100k 261 $2,610 $10,000
    Commercial & Industrial, US addressed loans - $100-250k 127 $15,481 $121,898
    Commercial & Industrial, US addressed loans - $250k-1MM 74 $21,325 $288,176
    Farmland loans - <$1MM 2 $541 $270,500
    Farmland loans - $250k-1MM 2 $541 $270,500
    Agriculture operations loans - <$1MM 3 $55 $18,333
    Agriculture operations loans - <$100k 3 $55 $18,333