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

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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 two markets are Valdosta and Moultrie .

    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

    103

    Origination Dollar Volume (All Markets)

    $8,085,000

    Employee count

    37

    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) 90 $7,040,000 $78,222 $0 0.00%
    Outside of Metro Areas 12 $840,000 $70,000 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Citizens Community Bank's top markets include Valdosta and Moultrie among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $8,085,000 $78,495 $0 0.00%

    For 2021, Citizens Community Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 63 $4,565,000 $72,460 $0 0.00%
    Home Purchase 30 $3,030,000 $101,000 $0 0.00%
    Home Improvement 8 $430,000 $53,750 $0 0.00%
    Other 2 $60,000 $30,000 $0 0.00%

    For 2021, Citizens Community Bank's most frequently cited loan purpose was Refi, with 63 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 103 $8,085,000 $78,495 $0 0.00%

    For 2021, Citizens Community Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $3,660,000 $45,750 $0 0.00%
    $100k-200k 15 $1,995,000 $133,000 $0 0.00%
    $200k-400k 7 $1,995,000 $285,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2021 saw Citizens Community Bank place emphasis on $100,000 or less loans with 80 originations, totaling $3,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $535,000 $31,471 $0 0.00%
    $50k-75k 15 $1,205,000 $80,333 $0 0.00%
    $100k-150k 13 $705,000 $54,231 $0 0.00%
    $75k-100k 7 $405,000 $57,857 $0 0.00%
    $150k-250k 4 $300,000 $75,000 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $8,085,000 $78,495 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $3,615,000 $157,174 $0 0.00%
    White 54 $3,260,000 $60,370 $0 0.00%
    Black 22 $730,000 $33,182 $0 0.00%
    Asian Indian 3 $435,000 $145,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.80%

    Citizens Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.23%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $8,085,000 $78,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    103 $8,085,000 $78,495

    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 Community Bank 3261 North Valdosta Road Valdosta, GA 31602 Full Service B&M $66,141
    Citizens Community Bank 120 West Main Street Hahira, GA 31632 Full Service B&M $58,190
    Citizens Community Bank 1210 Baytree Road Valdosta, GA 31602 Full Service B&M $25,940
    Citizens Community Bank 130 Main Street Morven, GA 31638 Full Service B&M $13,219

    For 2021, Citizens Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,313
    Net interest income $5,930
    Total noninterest income $901
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $286
    Trading account gains and fees $0
    Additional Noninterest Income $615
    Pre-tax net operating income $2,013
    Securities gains (or losses, -) $4
    Income before extraordinary items $2,017
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,017
    Minority interest net income $0
    Net income $2,017
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,013

    Citizens Community Bank's gross interest income from loans was $6,313,000.
    Citizens Community Bank's net interest income from loans was $5,930,000.
    Citizens Community Bank's fee based income from loans was $286,000.
    Citizens Community Bank's net income from loans was $2,017,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $383
    Provision for credit losses $90
    Total noninterest expense $4,728
    Salaries and employee benefits $2,770
    Premises and equipment expense $546
    Additional noninterest expense $1,412
    Applicable income taxes $0
    Net charge-offs $125
    Cash dividends $900

    Citizens Community Bank's interest expense for loans was $383,000.
    Citizens Community Bank's payroll and benefits expense were $2,770,000.
    Citizens Community Bank's property, plant and equipment expenses $546,000.

    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 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 $170,077
    Deposits held in domestic offices $170,077
    Deposits by Individuals, partnerships, and corporations $164,321
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,757
    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 $81,537
    Demand deposits $51,247
    Nontransaction accounts $88,541
    Money market deposit accounts (MMDAs) $24,806
    Other savings deposits (excluding MMDAs) $28,967
    Total time deposits $34,768
    Total time and savings deposits $118,831
    Noninterest-bearing deposits $51,247
    Interest-bearing deposits $118,830
    Retail deposits $165,012
    IRAs and Keogh plan accounts $7,571
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $190,358
    Cash & Balances due from depository institutions $34,003
    Interest-bearing balances $25,903
    Total securities $64,925
    Federal funds sold & reverse repurchase $0
    Net loans and leases $84,437
    Loan and leases loss allowance $953
    Trading account assets $0
    Bank premises and fixed assets $1,764
    Other real estate owned $39
    Goodwill and other intangibles $0
    All other assets $5,190

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $190,358
    Total Liabilities $170,122
    Total deposits $170,077
    Interest-bearing deposits $118,830
    Deposits held in domestic offices $170,077
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $45

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $84,437
    Loan and leases loss allowance $953
    Total loans and leases (domestic) $85,390
    All real estate loans $71,944
    Real estate loans in domestic offices $71,944
    Construction and development loans $11,656
    Residential 1-4 family construction $457
    Other construction, all land development and other land $11,199
    Loans secured by nonfarm nonresidential properties $31,859
    Nonfarm nonresidential secured by owner-occupied properties $27,920
    Commercial real estate & other non-farm, non-residential $3,939
    Multifamily residential real estate $924
    1-4 family residential loans $25,124
    Farmland loans $2,381
    Loans held in foreign offices $0
    Farm loans $82
    Commercial and industrial loans $7,319
    To non-U.S. addressees $0
    Loans to individuals $6,045
    Credit card loans $0
    Related Plans $7
    Consumer Auto Loans $2,490
    Other loans to individuals $3,548
    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 $244
    Non 1-4 family restructured loans & leases $186
    Total loans and leases (foreign) $0

    Citizens Community Bank had $84,437,000 of loans outstanding in 2021. $71,944,000 of loans were in real estate loans. $11,656,000 of loans were in development loans. $924,000 of loans were in multifamily mortgage loans. $25,124,000 of loans were in 1-4 family mortgage loans. $82,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,490,000 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 106 $19,807 $186,858
    Nonfarm, nonresidential loans - <$100k 40 $1,392 $34,800
    Nonfarm, nonresidential loans - $100-250k 32 $4,159 $129,969
    Nonfarm, nonresidential loans - $250k-1MM 34 $14,256 $419,294
    Commercial & Industrial, US addressed loans - <$1MM 247 $7,318 $29,628
    Commercial & Industrial, US addressed loans - <$100k 226 $3,847 $17,022
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,627 $108,467
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,844 $307,333
    Farmland loans - <$1MM 9 $2,381 $264,556
    Farmland loans - <$100k 1 $28 $28,000
    Farmland loans - $100-250k 2 $237 $118,500
    Farmland loans - $250k-1MM 6 $2,116 $352,667
    Agriculture operations loans - <$1MM 2 $82 $41,000
    Agriculture operations loans - <$100k 2 $82 $41,000