Citizens Community Bank Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 25490053QEQO83AZIX15

Tax ID: 58-0192880

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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 Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Warner Robins, Moultrie, Savannah, and Tifton among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Community Bank has an average approval rate when compared to the average across all lenders. They have an 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

    130

    Origination Dollar Volume (All Markets)

    $11,950,000

    Employee count

    38

    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
    VALDOSTA, GA (FHA|USDA|VA) 106 $9,160,000 $86,415 $1,900 6.09%
    Outside of Metro Areas 16 $1,180,000 $73,750 $1,535 5.72%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $995,000 $995,000 $0 5.59%
    Moultrie, GA (FHA|USDA|VA) 5 $385,000 $77,000 $167 5.71%
    SAVANNAH, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,587 5.40%
    Tifton, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    Citizens Community Bank's top markets include Valdosta, Warner Robins, Moultrie, Savannah, and Tifton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $11,950,000 $91,923 $1,670 6.02%

    For 2018, Citizens Community Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 84 $7,550,000 $89,881 $1,190 6.07%
    Home Purchase 30 $3,010,000 $100,333 $2,162 5.74%
    Home Improvement 14 $1,340,000 $95,714 $1,602 6.38%
    Other 2 $50,000 $25,000 $1,209 5.60%

    For 2018, Citizens Community Bank's most frequently cited loan purpose was Refi, with 84 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $8,190,000 $93,068 $866 6.09%
    3 Year 15 $1,465,000 $97,667 $0 6.30%
    20 Year 9 $1,155,000 $128,333 $2,402 5.22%
    1 Year 8 $550,000 $68,750 $0 5.74%
    5 Year 4 $310,000 $77,500 $1,074 5.82%
    10 Year 3 $105,000 $35,000 $1,182 6.53%
    15 Year 3 $175,000 $58,333 $1,231 5.40%

    For 2018, Citizens Community Bank's most frequently cited loan duration was Other, with 88 originations. The 2nd most popular length was 3 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $985,000 $65,667
    $1k-2k 4 $560,000 $140,000
    $2k-3k 1 $195,000 $195,000

    Citizens Community Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 59 $7,865,000 $133,305
    6-7% 51 $2,695,000 $52,843
    4-5% 9 $925,000 $102,778
    7-8% 9 $215,000 $23,889
    3-4% 2 $250,000 $125,000

    During 2018, Citizens Community Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $4,325,000 $44,588 $1,420 6.16%
    $100k-200k 25 $3,715,000 $148,600 $2,253 5.59%
    $200k-400k 5 $1,255,000 $251,000 $0 5.76%
    $600k-1MM 3 $2,655,000 $885,000 $0 5.66%

    2018 saw Citizens Community Bank place emphasis on $100,000 or less loans with 97 originations, totaling $4,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,140,000 $47,500 $1,516 6.26%
    $50k-75k 18 $930,000 $51,667 $1,992 6.21%
    $100k-150k 14 $940,000 $67,143 $1,315 5.85%
    $75k-100k 9 $615,000 $68,333 $533 5.90%
    $150k-250k 7 $1,075,000 $153,571 $3,012 5.53%
    $250k+ 3 $725,000 $241,667 $0 6.40%

    Citizens Community Bank lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $790,000 $49,375 $1,709 6.28%
    <20% 15 $735,000 $49,000 $1,351 5.92%
    30-36% 4 $200,000 $50,000 $1,813 6.05%
    41% 3 $205,000 $68,333 $167 6.15%
    50-60% 3 $105,000 $35,000 $0 6.43%
    45% 3 $45,000 $15,000 $0 6.70%
    47% 3 $145,000 $48,333 $1,209 5.60%
    44% 3 $395,000 $131,667 $3,214 5.77%
    >60% 2 $200,000 $100,000 $0 6.25%
    37% 2 $100,000 $50,000 $0 6.50%
    39% 2 $80,000 $40,000 $0 6.50%
    40% 2 $180,000 $90,000 $2,224 5.90%
    42% 2 $80,000 $40,000 $0 6.88%
    46% 2 $80,000 $40,000 $1,917 5.60%
    43% 1 $35,000 $35,000 $1,456 5.00%
    48% 1 $175,000 $175,000 $899 4.30%
    38% 1 $15,000 $15,000 $0 5.40%
    36% 1 $35,000 $35,000 $1,627 6.80%

    Citizens Community Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $5,955,000 $83,873 $1,649 5.93%
    Not applicable 32 $4,660,000 $145,625 $0 5.99%
    Black 24 $1,080,000 $45,000 $1,720 6.38%
    American Indian 3 $255,000 $85,000 $1,917 5.70%

    Approval Rates

    Total approvals of all applications
    84.15%

    Citizens Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.85%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 130 $11,950,000 $91,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,275,000 $325,000
    Single Family (1-4 Units):Manufactured 25 $835,000 $33,400
    Single Family (1-4 Units):Site-Built 98 $8,840,000 $90,204

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,515,000 $60,600 $715 5.92%
    40-60% 20 $1,590,000 $79,500 $1,322 6.17%
    60-80% 38 $4,290,000 $112,895 $1,367 6.13%
    80-100% 31 $3,875,000 $125,000 $2,310 5.90%
    Over 100% 1 $75,000 $75,000 $0 7.00%
    Under 20% 15 $605,000 $40,333 $1,074 5.88%

    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 Community Bank 1210 Baytree Road Valdosta, GA 31602 Full Service B&M $15,273
    Citizens Community Bank 120 West Main Street Hahira, GA 31632 Full Service B&M $46,268
    Citizens Community Bank 130 Main Street Morven, GA 31638 Full Service B&M $10,215
    Citizens Community Bank 3261 North Valdosta Road Valdosta, GA 31602 Full Service B&M $47,159

    For 2018, Citizens Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,147
    Net interest income $5,585
    Total noninterest income $1,530
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $475
    Trading account gains and fees $0
    Additional Noninterest Income $1,055
    Pre-tax net operating income $1,966
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,966
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,966
    Minority interest net income $0
    Net income $1,966
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,966

    Citizens Community Bank's gross interest income from loans was $6,147,000.
    Citizens Community Bank's net interest income from loans was $5,585,000.
    Citizens Community Bank's fee based income from loans was $475,000.
    Citizens Community Bank's net income from loans was $1,966,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $562
    Provision for credit losses $80
    Total noninterest expense $5,069
    Salaries and employee benefits $2,996
    Premises and equipment expense $517
    Additional noninterest expense $1,556
    Applicable income taxes $0
    Net charge-offs $-275
    Cash dividends $1,225

    Citizens Community Bank's interest expense for loans was $562,000.
    Citizens Community Bank's payroll and benefits expense were $2,996,000.
    Citizens Community Bank's property, plant and equipment expenses $517,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 0.0%
    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 $116,839
    Deposits held in domestic offices $116,839
    Deposits by Individuals, partnerships, and corporations $112,764
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,075
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $52,185
    Demand deposits $30,534
    Nontransaction accounts $64,654
    Money market deposit accounts (MMDAs) $11,005
    Other savings deposits (excluding MMDAs) $17,518
    Total time deposits $36,131
    Total time and savings deposits $86,305
    Noninterest-bearing deposits $30,534
    Interest-bearing deposits $86,305
    Retail deposits $113,699
    IRAs and Keogh plan accounts $8,290
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $132,695
    Cash & Balances due from depository institutions $8,743
    Interest-bearing balances $4,956
    Total securities $32,465
    Federal funds sold & reverse repurchase $150
    Net loans and leases $85,766
    Loan and leases loss allowance $1,322
    Trading account assets $0
    Bank premises and fixed assets $1,525
    Other real estate owned $725
    Goodwill and other intangibles $0
    All other assets $3,321

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $132,695
    Total Liabilities $117,035
    Total deposits $116,839
    Interest-bearing deposits $86,305
    Deposits held in domestic offices $116,839
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $196

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $85,766
    Loan and leases loss allowance $1,322
    Total loans and leases (domestic) $87,088
    All real estate loans $73,420
    Real estate loans in domestic offices $73,420
    Construction and development loans $6,804
    Residential 1-4 family construction $396
    Other construction, all land development and other land $6,408
    Loans secured by nonfarm nonresidential properties $30,334
    Nonfarm nonresidential secured by owner-occupied properties $21,937
    Commercial real estate & other non-farm, non-residential $8,397
    Multifamily residential real estate $4,103
    1-4 family residential loans $29,672
    Farmland loans $2,507
    Loans held in foreign offices $0
    Farm loans $131
    Commercial and industrial loans $7,572
    To non-U.S. addressees $0
    Loans to individuals $5,966
    Credit card loans $0
    Related Plans $115
    Consumer Auto Loans $2,616
    Other loans to individuals $3,235
    All other loans & leases $0
    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 $424
    Non 1-4 family restructured loans & leases $240
    Total loans and leases (foreign) $0

    Citizens Community Bank had $85,766,000 of loans outstanding in 2018. $73,420,000 of loans were in real estate loans. $6,804,000 of loans were in development loans. $4,103,000 of loans were in multifamily mortgage loans. $29,672,000 of loans were in 1-4 family mortgage loans. $131,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,616,000 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 122 $20,191 $165,500
    Nonfarm, nonresidential loans - <$100k 49 $1,744 $35,592
    Nonfarm, nonresidential loans - $100-250k 31 $3,660 $118,065
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,787 $352,071
    Commercial & Industrial, US addressed loans - <$1MM 288 $7,572 $26,292
    Commercial & Industrial, US addressed loans - <$100k 264 $4,188 $15,864
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,197 $109,850
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,187 $296,750
    Farmland loans - <$1MM 6 $889 $148,167
    Farmland loans - <$100k 1 $45 $45,000
    Farmland loans - $100-250k 1 $157 $157,000
    Farmland loans - $250k-1MM 4 $687 $171,750
    Agriculture operations loans - <$1MM 2 $131 $65,500
    Agriculture operations loans - <$100k 2 $131 $65,500