Citizens Community Bank Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 25490053QEQO83AZIX15

Tax ID: 58-0192880

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Tifton, Jacksonville, and Moultrie among others. We have data for 5 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    107

    Origination Dollar Volume (All Markets)

    $14,995,000

    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) 84 $9,760,000 $116,190 $0 0.00%
    Tifton, GA (FHA|USDA|VA) 4 $3,550,000 $887,500 $0 0.00%
    Outside of Metro Areas 16 $1,400,000 $87,500 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    Citizens Community Bank's top markets include Valdosta, Tifton, Jacksonville, and Moultrie 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 107 $14,995,000 $140,140 $0 0.00%

    For 2019, Citizens Community Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 75 $12,675,000 $169,000 $0 0.00%
    Home Purchase 21 $1,805,000 $85,952 $0 0.00%
    Home Improvement 6 $90,000 $15,000 $0 0.00%
    Other 5 $425,000 $85,000 $0 0.00%

    For 2019, Citizens Community Bank's most frequently cited loan purpose was Refi, with 75 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $14,995,000 $140,140 $0 0.00%

    For 2019, Citizens Community Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $3,765,000 $48,896 $0 0.00%
    $100k-200k 17 $2,485,000 $146,176 $0 0.00%
    $200k-400k 7 $2,065,000 $295,000 $0 0.00%
    $1MM+ 2 $4,340,000 $2,170,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%
    $600k-1MM 2 $1,410,000 $705,000 $0 0.00%

    2019 saw Citizens Community Bank place emphasis on $100,000 or less loans with 77 originations, totaling $3,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $1,135,000 $59,737 $0 0.00%
    $50k or less 14 $500,000 $35,714 $0 0.00%
    $75k-100k 12 $1,150,000 $95,833 $0 0.00%
    $50k-75k 11 $805,000 $73,182 $0 0.00%
    $150k-250k 7 $635,000 $90,714 $0 0.00%
    $250k+ 1 $205,000 $205,000 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $14,995,000 $140,140 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $7,990,000 $249,688 $0 0.00%
    White 58 $6,040,000 $104,138 $0 0.00%
    Black 14 $760,000 $54,286 $0 0.00%
    Asian Indian 1 $105,000 $105,000 $0 0.00%
    American Indian 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.61%

    Citizens Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.46%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $14,995,000 $140,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,775,000 $539,286
    Single Family (1-4 Units):Manufactured 21 $795,000 $37,857
    Single Family (1-4 Units):Site-Built 79 $10,425,000 $131,962

    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 Community Bank 120 West Main Street Hahira, GA 31632 Full Service B&M $45,817
    Citizens Community Bank 1210 Baytree Road Valdosta, GA 31602 Full Service B&M $14,144
    Citizens Community Bank 130 Main Street Morven, GA 31638 Full Service B&M $11,447
    Citizens Community Bank 3261 North Valdosta Road Valdosta, GA 31602 Full Service B&M $49,447

    For 2019, Citizens Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,364
    Net interest income $5,489
    Total noninterest income $749
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $409
    Trading account gains and fees $0
    Additional Noninterest Income $340
    Pre-tax net operating income $1,784
    Securities gains (or losses, -) $5
    Income before extraordinary items $1,789
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,789
    Minority interest net income $0
    Net income $1,789
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,784

    Citizens Community Bank's gross interest income from loans was $6,364,000.
    Citizens Community Bank's net interest income from loans was $5,489,000.
    Citizens Community Bank's fee based income from loans was $409,000.
    Citizens Community Bank's net income from loans was $1,789,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $875
    Provision for credit losses $0
    Total noninterest expense $4,454
    Salaries and employee benefits $2,605
    Premises and equipment expense $488
    Additional noninterest expense $1,361
    Applicable income taxes $0
    Net charge-offs $80
    Cash dividends $590

    Citizens Community Bank's interest expense for loans was $875,000.
    Citizens Community Bank's payroll and benefits expense were $2,605,000.
    Citizens Community Bank's property, plant and equipment expenses $488,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 $119,935
    Deposits held in domestic offices $119,935
    Deposits by Individuals, partnerships, and corporations $115,228
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,707
    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 $50,736
    Demand deposits $30,726
    Nontransaction accounts $69,199
    Money market deposit accounts (MMDAs) $12,570
    Other savings deposits (excluding MMDAs) $17,529
    Total time deposits $39,101
    Total time and savings deposits $89,209
    Noninterest-bearing deposits $30,726
    Interest-bearing deposits $89,209
    Retail deposits $113,127
    IRAs and Keogh plan accounts $7,702
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $138,127
    Cash & Balances due from depository institutions $10,957
    Interest-bearing balances $6,526
    Total securities $33,621
    Federal funds sold & reverse repurchase $865
    Net loans and leases $87,470
    Loan and leases loss allowance $1,242
    Trading account assets $0
    Bank premises and fixed assets $1,783
    Other real estate owned $126
    Goodwill and other intangibles $0
    All other assets $3,305

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $138,127
    Total Liabilities $120,044
    Total deposits $119,935
    Interest-bearing deposits $89,209
    Deposits held in domestic offices $119,935
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $109

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $87,470
    Loan and leases loss allowance $1,242
    Total loans and leases (domestic) $88,712
    All real estate loans $75,486
    Real estate loans in domestic offices $75,486
    Construction and development loans $8,482
    Residential 1-4 family construction $250
    Other construction, all land development and other land $8,232
    Loans secured by nonfarm nonresidential properties $34,978
    Nonfarm nonresidential secured by owner-occupied properties $28,129
    Commercial real estate & other non-farm, non-residential $6,849
    Multifamily residential real estate $410
    1-4 family residential loans $29,381
    Farmland loans $2,235
    Loans held in foreign offices $0
    Farm loans $96
    Commercial and industrial loans $7,611
    To non-U.S. addressees $0
    Loans to individuals $5,519
    Credit card loans $0
    Related Plans $16
    Consumer Auto Loans $2,430
    Other loans to individuals $3,073
    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 $277
    Non 1-4 family restructured loans & leases $215
    Total loans and leases (foreign) $0

    Citizens Community Bank had $87,470,000 of loans outstanding in 2019. $75,486,000 of loans were in real estate loans. $8,482,000 of loans were in development loans. $410,000 of loans were in multifamily mortgage loans. $29,381,000 of loans were in 1-4 family mortgage loans. $96,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,430,000 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 131 $21,339 $162,893
    Nonfarm, nonresidential loans - <$100k 54 $1,972 $36,519
    Nonfarm, nonresidential loans - $100-250k 36 $4,586 $127,389
    Nonfarm, nonresidential loans - $250k-1MM 41 $14,781 $360,512
    Commercial & Industrial, US addressed loans - <$1MM 281 $7,610 $27,082
    Commercial & Industrial, US addressed loans - <$100k 256 $4,098 $16,008
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,095 $104,750
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,417 $283,400
    Farmland loans - <$1MM 7 $1,212 $173,143
    Farmland loans - <$100k 2 $96 $48,000
    Farmland loans - $100-250k 2 $200 $100,000
    Farmland loans - $250k-1MM 3 $916 $305,333
    Agriculture operations loans - <$1MM 2 $96 $48,000
    Agriculture operations loans - <$100k 2 $96 $48,000