Citizens State Bank Mortgage Rates, Fees & Info

Cadott, WI

LEI: 254900JU2DYRJVDHMG47

Tax ID: 39-0210140

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
  • 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, Refi, and Cash Out Refi loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, Minneapolis, and Wausau 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 above average approval rate when compared to the average across all lenders. They have an above 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

    229

    Origination Dollar Volume (All Markets)

    $42,095,000

    Employee count

    54

    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) 190 $34,000,000 $178,947 $0 0.00%
    Outside of Metro Areas 23 $4,025,000 $175,000 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 10 $2,380,000 $238,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $1,395,000 $279,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Citizens State Bank's top markets include Eau Claire, Menomonie, Minneapolis, and Wausau among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (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: 88
    Security Financial Bank
    Similarity Rank: 240
    Forward Bank
    Similarity Rank: 400
    CO-OP Credit Union
    Similarity Rank: 504
    Merchants Bank
    Similarity Rank: 702
    WESTconsin Credit Union
    Similarity Rank: 765
    Royal Credit Union
    Similarity Rank: 864
    Frandsen Bank & Trust
    Similarity Rank: 987
    Citizens Community Federal
    Similarity Rank: 1073
    Citizens State Bank of La Crosse
    Similarity Rank: 1080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 229 $42,095,000 $183,821 $0 0.00%

    For 2021, Citizens State Bank's most frequently originated type of loan was Conventional, with 229 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $19,460,000 $211,522 $0 0.00%
    Refi 74 $12,680,000 $171,351 $0 0.00%
    Cash Out Refi 58 $9,650,000 $166,379 $0 0.00%
    Home Improvement 4 $300,000 $75,000 $0 0.00%
    Other 1 $5,000 $5,000 $0 0.00%

    For 2021, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 229 $42,095,000 $183,821 $0 0.00%

    For 2021, Citizens State Bank's most frequently cited loan duration was Other, with 229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 91 $13,405,000 $147,308 $0 0.00%
    $200k-400k 76 $20,860,000 $274,474 $0 0.00%
    $100,000 or less 53 $3,585,000 $67,642 $0 0.00%
    $400k-600k 9 $4,245,000 $471,667 $0 0.00%

    2021 saw Citizens State Bank place emphasis on $100k-200k loans with 91 originations, totaling $13,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 57 $11,035,000 $193,596 $0 0.00%
    $100k-150k 46 $9,490,000 $206,304 $0 0.00%
    $50k-75k 44 $6,560,000 $149,091 $0 0.00%
    $50k or less 37 $3,785,000 $102,297 $0 0.00%
    $150k-250k 23 $6,585,000 $286,304 $0 0.00%
    $250k+ 6 $1,900,000 $316,667 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $75k-100k range, with 57 originations. The second most popular income band? $100k-150k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 229 $42,095,000 $183,821 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 229 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $37,370,000 $183,186 $0 0.00%
    Not applicable 14 $2,320,000 $165,714 $0 0.00%
    Not provided 8 $1,870,000 $233,750 $0 0.00%
    Asian 1 $385,000 $385,000 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.79%

    Citizens State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.83%

    Citizens State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 229 $42,095,000 $183,821

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    229 $42,095,000 $183,821

    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 State Bank 15036 Cty Hwy S Chippewa Falls, WI 54729 Full Service B&M $25,503
    Citizens State Bank 17153 County Highway J Chippewa Falls, WI 54729 Full Service B&M $21,503
    Citizens State Bank 221 Bridge St Cornell, WI 54732 Full Service B&M $5,207
    Citizens State Bank 304 North Main Street Cadott, WI 54727 Full Service B&M $78,288
    Citizens State Bank 505 South Main Street Cadott, WI 54727 Full Service B&M $0

    For 2021, Citizens State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,772
    Net interest income $5,435
    Total noninterest income $1,518
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $113
    Trading account gains and fees $0
    Additional Noninterest Income $1,405
    Pre-tax net operating income $1,350
    Securities gains (or losses, -) $4
    Income before extraordinary items $1,038
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,038
    Minority interest net income $0
    Net income $1,038
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,034

    Citizens State Bank's gross interest income from loans was $5,772,000.
    Citizens State Bank's net interest income from loans was $5,435,000.
    Citizens State Bank's fee based income from loans was $113,000.
    Citizens State Bank's net income from loans was $1,038,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $337
    Provision for credit losses $0
    Total noninterest expense $5,603
    Salaries and employee benefits $3,819
    Premises and equipment expense $387
    Additional noninterest expense $1,397
    Applicable income taxes $316
    Net charge-offs $-232
    Cash dividends $225

    Citizens State Bank's interest expense for loans was $337,000.
    Citizens State Bank's payroll and benefits expense were $3,819,000.
    Citizens State Bank's property, plant and equipment expenses $387,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $139,395
    Deposits held in domestic offices $139,395
    Deposits by Individuals, partnerships, and corporations $119,813
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,582
    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 $61,375
    Demand deposits $35,112
    Nontransaction accounts $78,020
    Money market deposit accounts (MMDAs) $21,577
    Other savings deposits (excluding MMDAs) $36,761
    Total time deposits $19,682
    Total time and savings deposits $104,283
    Noninterest-bearing deposits $33,985
    Interest-bearing deposits $105,410
    Retail deposits $138,249
    IRAs and Keogh plan accounts $4,850
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $155,513
    Cash & Balances due from depository institutions $12,008
    Interest-bearing balances $5,810
    Total securities $44,831
    Federal funds sold & reverse repurchase $2,741
    Net loans and leases $92,461
    Loan and leases loss allowance $1,929
    Trading account assets $0
    Bank premises and fixed assets $2,259
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,213

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $155,513
    Total Liabilities $140,521
    Total deposits $139,395
    Interest-bearing deposits $105,410
    Deposits held in domestic offices $139,395
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,126

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $92,461
    Loan and leases loss allowance $1,929
    Total loans and leases (domestic) $94,390
    All real estate loans $73,849
    Real estate loans in domestic offices $73,849
    Construction and development loans $4,251
    Residential 1-4 family construction $2,649
    Other construction, all land development and other land $1,602
    Loans secured by nonfarm nonresidential properties $27,001
    Nonfarm nonresidential secured by owner-occupied properties $17,539
    Commercial real estate & other non-farm, non-residential $9,462
    Multifamily residential real estate $4,155
    1-4 family residential loans $27,196
    Farmland loans $11,246
    Loans held in foreign offices $0
    Farm loans $3,681
    Commercial and industrial loans $10,207
    To non-U.S. addressees $0
    Loans to individuals $3,820
    Credit card loans $260
    Related Plans $0
    Consumer Auto Loans $3,505
    Other loans to individuals $55
    All other loans & leases $2,833
    Loans to foreign governments and official institutions $0
    Other loans $813
    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 $338
    Non 1-4 family restructured loans & leases $314
    Total loans and leases (foreign) $0

    Citizens State Bank had $92,461,000 of loans outstanding in 2021. $73,849,000 of loans were in real estate loans. $4,251,000 of loans were in development loans. $4,155,000 of loans were in multifamily mortgage loans. $27,196,000 of loans were in 1-4 family mortgage loans. $3,681,000 of loans were in farm loans. $260,000 of loans were in credit card loans. $3,505,000 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 114 $22,598 $198,228
    Nonfarm, nonresidential loans - <$100k 30 $1,360 $45,333
    Nonfarm, nonresidential loans - $100-250k 53 $7,817 $147,491
    Nonfarm, nonresidential loans - $250k-1MM 31 $13,421 $432,935
    Commercial & Industrial, US addressed loans - <$1MM 121 $6,038 $49,901
    Commercial & Industrial, US addressed loans - <$100k 97 $2,692 $27,753
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,622 $131,100
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $724 $181,000
    Farmland loans - <$1MM 62 $7,664 $123,613
    Farmland loans - <$100k 25 $1,107 $44,280
    Farmland loans - $100-250k 26 $3,670 $141,154
    Farmland loans - $250k-1MM 11 $2,887 $262,455
    Agriculture operations loans - <$1MM 97 $2,977 $30,691
    Agriculture operations loans - <$100k 82 $1,565 $19,085
    Agriculture operations loans - $100-250k 10 $1,058 $105,800
    Agriculture operations loans - $250k-1MM 5 $354 $70,800