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 and Home Purchase loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Tifton, and Moultrie among others. We have data for 4 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

    118

    Origination Dollar Volume (All Markets)

    $13,540,000

    Employee count

    36

    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) 102 $12,490,000 $122,451 $0 0.00%
    Outside of Metro Areas 12 $560,000 $46,667 $0 0.00%
    Tifton, GA (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Citizens Community Bank's top markets include Valdosta, Tifton, 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 118 $13,540,000 $114,746 $0 0.00%

    For 2020, Citizens Community Bank's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 75 $8,855,000 $118,067 $0 0.00%
    Home Purchase 34 $4,220,000 $124,118 $0 0.00%
    Home Improvement 6 $390,000 $65,000 $0 0.00%
    Other 3 $75,000 $25,000 $0 0.00%

    For 2020, Citizens Community Bank's most frequently cited loan purpose was Refi, with 75 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $13,540,000 $114,746 $0 0.00%

    For 2020, Citizens Community Bank's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $3,685,000 $43,353 $0 0.00%
    $100k-200k 14 $1,980,000 $141,429 $0 0.00%
    $200k-400k 13 $3,955,000 $304,231 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%
    $600k-1MM 3 $2,595,000 $865,000 $0 0.00%

    2020 saw Citizens Community Bank place emphasis on $100,000 or less loans with 85 originations, totaling $3,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $935,000 $40,652 $0 0.00%
    $50k-75k 17 $825,000 $48,529 $0 0.00%
    $75k-100k 17 $3,065,000 $180,294 $0 0.00%
    $100k-150k 16 $1,740,000 $108,750 $0 0.00%
    $150k-250k 6 $680,000 $113,333 $0 0.00%
    $250k+ 2 $640,000 $320,000 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $13,540,000 $114,746 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $7,800,000 $105,405 $0 0.00%
    Not applicable 31 $5,065,000 $163,387 $0 0.00%
    Black 11 $395,000 $35,909 $0 0.00%
    Asian Indian 1 $265,000 $265,000 $0 0.00%
    Not provided 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.52%

    Citizens Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.92%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $13,540,000 $114,746

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $2,980,000 $248,333
    Single Family (1-4 Units):Manufactured 21 $915,000 $43,571
    Single Family (1-4 Units):Site-Built 85 $9,645,000 $113,471

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    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 $52,668
    Citizens Community Bank 1210 Baytree Road Valdosta, GA 31602 Full Service B&M $19,396
    Citizens Community Bank 130 Main Street Morven, GA 31638 Full Service B&M $11,955
    Citizens Community Bank 3261 North Valdosta Road Valdosta, GA 31602 Full Service B&M $57,784

    For 2020, Citizens Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,375
    Net interest income $5,639
    Total noninterest income $796
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $319
    Trading account gains and fees $0
    Additional Noninterest Income $477
    Pre-tax net operating income $1,754
    Securities gains (or losses, -) $30
    Income before extraordinary items $1,784
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,784
    Minority interest net income $0
    Net income $1,784
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,754

    Citizens Community Bank's gross interest income from loans was $6,375,000.
    Citizens Community Bank's net interest income from loans was $5,639,000.
    Citizens Community Bank's fee based income from loans was $319,000.
    Citizens Community Bank's net income from loans was $1,784,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $736
    Provision for credit losses $107
    Total noninterest expense $4,574
    Salaries and employee benefits $2,669
    Premises and equipment expense $527
    Additional noninterest expense $1,378
    Applicable income taxes $0
    Net charge-offs $360
    Cash dividends $700

    Citizens Community Bank's interest expense for loans was $736,000.
    Citizens Community Bank's payroll and benefits expense were $2,669,000.
    Citizens Community Bank's property, plant and equipment expenses $527,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $141,934
    Deposits held in domestic offices $141,934
    Deposits by Individuals, partnerships, and corporations $138,197
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,737
    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 $64,947
    Demand deposits $40,596
    Nontransaction accounts $76,987
    Money market deposit accounts (MMDAs) $16,942
    Other savings deposits (excluding MMDAs) $22,292
    Total time deposits $37,753
    Total time and savings deposits $101,338
    Noninterest-bearing deposits $40,596
    Interest-bearing deposits $101,338
    Retail deposits $135,437
    IRAs and Keogh plan accounts $7,507
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $162,292
    Cash & Balances due from depository institutions $21,993
    Interest-bearing balances $15,105
    Total securities $45,643
    Federal funds sold & reverse repurchase $0
    Net loans and leases $87,499
    Loan and leases loss allowance $989
    Trading account assets $0
    Bank premises and fixed assets $1,808
    Other real estate owned $324
    Goodwill and other intangibles $0
    All other assets $5,025

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $162,292
    Total Liabilities $142,014
    Total deposits $141,934
    Interest-bearing deposits $101,338
    Deposits held in domestic offices $141,934
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $80

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $87,499
    Loan and leases loss allowance $989
    Total loans and leases (domestic) $88,488
    All real estate loans $71,147
    Real estate loans in domestic offices $71,147
    Construction and development loans $9,109
    Residential 1-4 family construction $1,201
    Other construction, all land development and other land $7,908
    Loans secured by nonfarm nonresidential properties $30,789
    Nonfarm nonresidential secured by owner-occupied properties $25,839
    Commercial real estate & other non-farm, non-residential $4,950
    Multifamily residential real estate $412
    1-4 family residential loans $28,517
    Farmland loans $2,320
    Loans held in foreign offices $0
    Farm loans $90
    Commercial and industrial loans $11,944
    To non-U.S. addressees $0
    Loans to individuals $5,440
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $2,241
    Other loans to individuals $3,191
    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 $66
    Non 1-4 family restructured loans & leases $5
    Total loans and leases (foreign) $0

    Citizens Community Bank had $87,499,000 of loans outstanding in 2020. $71,147,000 of loans were in real estate loans. $9,109,000 of loans were in development loans. $412,000 of loans were in multifamily mortgage loans. $28,517,000 of loans were in 1-4 family mortgage loans. $90,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,241,000 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 111 $21,077 $189,883
    Nonfarm, nonresidential loans - <$100k 41 $1,630 $39,756
    Nonfarm, nonresidential loans - $100-250k 34 $4,842 $142,412
    Nonfarm, nonresidential loans - $250k-1MM 36 $14,605 $405,694
    Commercial & Industrial, US addressed loans - <$1MM 362 $11,944 $32,994
    Commercial & Industrial, US addressed loans - <$100k 328 $6,278 $19,140
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,674 $122,467
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,992 $498,000
    Farmland loans - <$1MM 8 $817 $102,125
    Farmland loans - <$100k 2 $49 $24,500
    Farmland loans - $100-250k 4 $421 $105,250
    Farmland loans - $250k-1MM 2 $347 $173,500
    Agriculture operations loans - <$1MM 3 $90 $30,000
    Agriculture operations loans - <$100k 3 $90 $30,000