Citizens State Bank Mortgage Rates, Fees & Info

Cadott, WI

LEI: 254900JU2DYRJVDHMG47

Tax ID: 39-0210140

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 State Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, San Antonio, and Baraboo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens State Bank has an 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.

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

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    Originations

    104

    Origination Dollar Volume (All Markets)

    $20,700,000

    Employee count

    45

    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
    EAU CLAIRE, WI (FHA|USDA|VA) 89 $18,105,000 $203,427 $0 0.00%
    Outside of Metro Areas 10 $1,380,000 $138,000 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 3 $725,000 $241,667 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Citizens State Bank's top markets include Eau Claire, Menomonie, San Antonio, and Baraboo among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Prevail Bank
    Similarity Rank: 48
    CO-OP Credit Union
    Similarity Rank: 204
    WESTconsin Credit Union
    Similarity Rank: 208
    Merchants Bank
    Similarity Rank: 375
    Citizens State Bank of La Crosse
    Similarity Rank: 406
    Citizens Community Federal
    Similarity Rank: 572
    Royal Credit Union
    Similarity Rank: 612
    Bank Five Nine
    Similarity Rank: 816
    Bankers' Bank
    Similarity Rank: 1152
    Bremer Bank
    Similarity Rank: 1914

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $20,700,000 $199,038 $0 0.00%

    For 2019, Citizens State Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $8,145,000 $189,419 $0 0.00%
    Refi 41 $8,285,000 $202,073 $0 0.00%
    Cash Out Refi 15 $3,835,000 $255,667 $0 0.00%
    Other 4 $350,000 $87,500 $0 0.00%
    Home Improvement 1 $85,000 $85,000 $0 0.00%

    For 2019, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $20,700,000 $199,038 $0 0.00%

    For 2019, Citizens State Bank's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 50 $7,210,000 $144,200 $0 0.00%
    $200k-400k 34 $9,390,000 $276,176 $0 0.00%
    $100,000 or less 18 $1,210,000 $67,222 $0 0.00%
    $1MM+ 2 $2,890,000 $1,445,000 $0 0.00%

    2019 saw Citizens State Bank place emphasis on $100k-200k loans with 50 originations, totaling $7,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 23 $4,105,000 $178,478 $0 0.00%
    $50k-75k 22 $2,960,000 $134,545 $0 0.00%
    $100k-150k 18 $3,660,000 $203,333 $0 0.00%
    $150k-250k 17 $3,945,000 $232,059 $0 0.00%
    $50k or less 16 $1,810,000 $113,125 $0 0.00%
    $250k+ 1 $285,000 $285,000 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $75k-100k range, with 23 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $20,700,000 $199,038 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $16,170,000 $172,021 $0 0.00%
    Not applicable 7 $3,935,000 $562,143 $0 0.00%
    Not provided 2 $430,000 $215,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.84%

    Citizens State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.42%

    Citizens State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $20,700,000 $199,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $65,000 $65,000
    Multifamily:Site-Built 2 $1,560,000 $780,000
    Single Family (1-4 Units):Manufactured 6 $500,000 $83,333
    Single Family (1-4 Units):Site-Built 95 $18,575,000 $195,526

    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 State Bank 15036 Cty Hwy S Chippewa Falls, WI 54729 Full Service B&M $19,898
    Citizens State Bank 17153 County Highway J Chippewa Falls, WI 54729 Full Service B&M $16,255
    Citizens State Bank 304 North Main Street Cadott, WI 54727 Full Service B&M $61,929
    Citizens State Bank 505 South Main Street Cadott, WI 54727 Full Service B&M $0

    For 2019, Citizens State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,943
    Net interest income $4,173
    Total noninterest income $658
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $150
    Trading account gains and fees $0
    Additional Noninterest Income $508
    Pre-tax net operating income $738
    Securities gains (or losses, -) $0
    Income before extraordinary items $585
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $585
    Minority interest net income $0
    Net income $585
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $585

    Citizens State Bank's gross interest income from loans was $4,943,000.
    Citizens State Bank's net interest income from loans was $4,173,000.
    Citizens State Bank's fee based income from loans was $150,000.
    Citizens State Bank's net income from loans was $585,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $770
    Provision for credit losses $-34
    Total noninterest expense $4,127
    Salaries and employee benefits $2,651
    Premises and equipment expense $353
    Additional noninterest expense $1,123
    Applicable income taxes $153
    Net charge-offs $177
    Cash dividends $205

    Citizens State Bank's interest expense for loans was $770,000.
    Citizens State Bank's payroll and benefits expense were $2,651,000.
    Citizens State Bank's property, plant and equipment expenses $353,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 1.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 19.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $106,589
    Deposits held in domestic offices $106,589
    Deposits by Individuals, partnerships, and corporations $90,448
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,141
    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 $46,111
    Demand deposits $21,045
    Nontransaction accounts $60,478
    Money market deposit accounts (MMDAs) $8,892
    Other savings deposits (excluding MMDAs) $23,932
    Total time deposits $27,654
    Total time and savings deposits $85,544
    Noninterest-bearing deposits $19,677
    Interest-bearing deposits $86,912
    Retail deposits $103,619
    IRAs and Keogh plan accounts $5,722
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $121,013
    Cash & Balances due from depository institutions $15,019
    Interest-bearing balances $11,150
    Total securities $21,227
    Federal funds sold & reverse repurchase $517
    Net loans and leases $81,250
    Loan and leases loss allowance $1,324
    Trading account assets $0
    Bank premises and fixed assets $2,091
    Other real estate owned $113
    Goodwill and other intangibles $0
    All other assets $796

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $121,013
    Total Liabilities $107,409
    Total deposits $106,589
    Interest-bearing deposits $86,912
    Deposits held in domestic offices $106,589
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $820

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $81,250
    Loan and leases loss allowance $1,324
    Total loans and leases (domestic) $82,574
    All real estate loans $66,239
    Real estate loans in domestic offices $66,239
    Construction and development loans $3,997
    Residential 1-4 family construction $1,638
    Other construction, all land development and other land $2,359
    Loans secured by nonfarm nonresidential properties $25,547
    Nonfarm nonresidential secured by owner-occupied properties $18,383
    Commercial real estate & other non-farm, non-residential $7,164
    Multifamily residential real estate $2,430
    1-4 family residential loans $25,920
    Farmland loans $8,345
    Loans held in foreign offices $0
    Farm loans $3,169
    Commercial and industrial loans $7,056
    To non-U.S. addressees $0
    Loans to individuals $3,850
    Credit card loans $397
    Related Plans $0
    Consumer Auto Loans $3,310
    Other loans to individuals $143
    All other loans & leases $2,260
    Loans to foreign governments and official institutions $0
    Other loans $905
    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 $55
    Non 1-4 family restructured loans & leases $24
    Total loans and leases (foreign) $0

    Citizens State Bank had $81,250,000 of loans outstanding in 2019. $66,239,000 of loans were in real estate loans. $3,997,000 of loans were in development loans. $2,430,000 of loans were in multifamily mortgage loans. $25,920,000 of loans were in 1-4 family mortgage loans. $3,169,000 of loans were in farm loans. $397,000 of loans were in credit card loans. $3,310,000 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 119 $23,709 $199,235
    Nonfarm, nonresidential loans - <$100k 37 $1,756 $47,459
    Nonfarm, nonresidential loans - $100-250k 52 $9,220 $177,308
    Nonfarm, nonresidential loans - $250k-1MM 30 $12,733 $424,433
    Commercial & Industrial, US addressed loans - <$1MM 135 $6,811 $50,452
    Commercial & Industrial, US addressed loans - <$100k 109 $3,111 $28,541
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,271 $113,550
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,429 $238,167
    Farmland loans - <$1MM 60 $7,883 $131,383
    Farmland loans - <$100k 28 $1,617 $57,750
    Farmland loans - $100-250k 25 $3,898 $155,920
    Farmland loans - $250k-1MM 7 $2,368 $338,286
    Agriculture operations loans - <$1MM 89 $3,169 $35,607
    Agriculture operations loans - <$100k 73 $1,499 $20,534
    Agriculture operations loans - $100-250k 14 $1,356 $96,857
    Agriculture operations loans - $250k-1MM 2 $314 $157,000