Citizens Community Bank Mortgage Rates, Fees & Info

Mascoutah, IL

LEI: 254900L9ZR7FYE68H705

Tax ID: 37-1301157

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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 Home Purchase and Refi loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Dallas, Panama City, Bend, and Crestview among others. We have data for 7 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 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.

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    Originations

    134

    Origination Dollar Volume (All Markets)

    $23,860,000

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 119 $18,665,000 $156,849 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $2,510,000 $1,255,000 $0 0.00%
    Outside of Metro Areas 9 $1,105,000 $122,778 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $795,000 $795,000 $0 0.00%
    BEND, OR (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Citizens Community Bank's top markets include St. Louis, Dallas, Panama City, Bend, and Crestview among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $23,860,000 $178,060 $0 0.00%

    For 2018, Citizens Community Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $13,820,000 $172,750 $0 0.00%
    Refi 26 $6,770,000 $260,385 $0 0.00%
    Cash Out Refi 15 $1,675,000 $111,667 $0 0.00%
    Home Improvement 12 $1,500,000 $125,000 $0 0.00%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2018, Citizens Community Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $23,860,000 $178,060 $0 0.00%

    For 2018, Citizens Community Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,455,000 $60,614 $0 0.00%
    $100k-200k 43 $6,285,000 $146,163 $0 0.00%
    $200k-400k 25 $6,715,000 $268,600 $0 0.00%
    $400k-600k 5 $2,225,000 $445,000 $0 0.00%
    $1MM+ 2 $3,710,000 $1,855,000 $0 0.00%
    $600k-1MM 2 $1,470,000 $735,000 $0 0.00%

    2018 saw Citizens Community Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $4,395,000 $162,778 $0 0.00%
    $50k-75k 27 $2,855,000 $105,741 $0 0.00%
    $50k or less 25 $3,055,000 $122,200 $0 0.00%
    $75k-100k 19 $3,045,000 $160,263 $0 0.00%
    $150k-250k 7 $1,115,000 $159,286 $0 0.00%
    $250k+ 6 $1,490,000 $248,333 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $23,860,000 $178,060 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $15,925,000 $148,832 $0 0.00%
    Not applicable 21 $7,295,000 $347,381 $0 0.00%
    Not provided 6 $640,000 $106,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.37%

    Citizens Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.61%

    Citizens Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $23,860,000 $178,060

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $560,000 $280,000
    Multifamily:Site-Built 6 $4,850,000 $808,333
    Single Family (1-4 Units):Manufactured 12 $960,000 $80,000
    Single Family (1-4 Units):Site-Built 114 $17,490,000 $153,421

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 5 2.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 16 9.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 36 21.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 8 4.7%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 4.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 41 24.0%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 4 2.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 15 8.8%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 0.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Community Bank 302 West Washington St Freeburg, IL 62243 Limited, Administrative $0
    Citizens Community Bank 311 South State Freeburg, IL 62243 Full Service B&M $47,203
    Citizens Community Bank 620 North State Street Freeburg, IL 62243 Full Service B&M $85,955
    Citizens Community Bank 704 New Baldwin Road New Athens, IL 62264 Full Service B&M $39,288
    Citizens Community Bank 9 East Main Street Mascoutah, IL 62258 Full Service B&M $150,412

    For 2018, Citizens Community Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,859
    Net interest income $10,783
    Total noninterest income $937
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $274
    Trading account gains and fees $0
    Additional Noninterest Income $663
    Pre-tax net operating income $5,536
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,331
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,331
    Minority interest net income $0
    Net income $4,331
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,331

    Citizens Community Bank's gross interest income from loans was $14,859,000.
    Citizens Community Bank's net interest income from loans was $10,783,000.
    Citizens Community Bank's fee based income from loans was $274,000.
    Citizens Community Bank's net income from loans was $4,331,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,076
    Provision for credit losses $500
    Total noninterest expense $5,684
    Salaries and employee benefits $3,609
    Premises and equipment expense $391
    Additional noninterest expense $1,684
    Applicable income taxes $1,205
    Net charge-offs $430
    Cash dividends $729

    Citizens Community Bank's interest expense for loans was $4,076,000.
    Citizens Community Bank's payroll and benefits expense were $3,609,000.
    Citizens Community Bank's property, plant and equipment expenses $391,000.

    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 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    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 $342,694
    Deposits held in domestic offices $342,694
    Deposits by Individuals, partnerships, and corporations $253,497
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $88,952
    Deposits by Commercial banks and other depository institutions in U.S. $245
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $63,527
    Demand deposits $37,498
    Nontransaction accounts $279,167
    Money market deposit accounts (MMDAs) $88,069
    Other savings deposits (excluding MMDAs) $35,971
    Total time deposits $155,127
    Total time and savings deposits $305,196
    Noninterest-bearing deposits $36,468
    Interest-bearing deposits $306,226
    Retail deposits $310,579
    IRAs and Keogh plan accounts $19,733
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $398,048
    Cash & Balances due from depository institutions $12,321
    Interest-bearing balances $8,097
    Total securities $143,280
    Federal funds sold & reverse repurchase $1,070
    Net loans and leases $228,090
    Loan and leases loss allowance $3,520
    Trading account assets $0
    Bank premises and fixed assets $1,432
    Other real estate owned $1,767
    Goodwill and other intangibles $0
    All other assets $10,088

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $398,048
    Total Liabilities $355,772
    Total deposits $342,694
    Interest-bearing deposits $306,226
    Deposits held in domestic offices $342,694
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $9,724
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,354

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $228,090
    Loan and leases loss allowance $3,520
    Total loans and leases (domestic) $231,610
    All real estate loans $192,864
    Real estate loans in domestic offices $192,864
    Construction and development loans $26,710
    Residential 1-4 family construction $10,830
    Other construction, all land development and other land $15,880
    Loans secured by nonfarm nonresidential properties $56,250
    Nonfarm nonresidential secured by owner-occupied properties $23,291
    Commercial real estate & other non-farm, non-residential $32,959
    Multifamily residential real estate $24,117
    1-4 family residential loans $50,371
    Farmland loans $35,416
    Loans held in foreign offices $0
    Farm loans $10,174
    Commercial and industrial loans $17,966
    To non-U.S. addressees $0
    Loans to individuals $4,718
    Credit card loans $0
    Related Plans $158
    Consumer Auto Loans $1,095
    Other loans to individuals $3,465
    All other loans & leases $5,888
    Loans to foreign governments and official institutions $0
    Other loans $17
    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 $863
    Non 1-4 family restructured loans & leases $502
    Total loans and leases (foreign) $0

    Citizens Community Bank had $228,090,000 of loans outstanding in 2018. $192,864,000 of loans were in real estate loans. $26,710,000 of loans were in development loans. $24,117,000 of loans were in multifamily mortgage loans. $50,371,000 of loans were in 1-4 family mortgage loans. $10,174,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,095,000 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 105 $19,333 $184,124
    Nonfarm, nonresidential loans - <$100k 30 $1,200 $40,000
    Nonfarm, nonresidential loans - $100-250k 46 $6,362 $138,304
    Nonfarm, nonresidential loans - $250k-1MM 29 $11,771 $405,897
    Commercial & Industrial, US addressed loans - <$1MM 238 $15,772 $66,269
    Commercial & Industrial, US addressed loans - <$100k 180 $4,147 $23,039
    Commercial & Industrial, US addressed loans - $100-250k 34 $4,144 $121,882
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $7,481 $311,708
    Farmland loans - <$1MM 55 $6,788 $123,418
    Farmland loans - <$100k 27 $1,101 $40,778
    Farmland loans - $100-250k 16 $1,973 $123,313
    Farmland loans - $250k-1MM 12 $3,714 $309,500
    Agriculture operations loans - <$1MM 75 $4,707 $62,760
    Agriculture operations loans - <$100k 55 $1,502 $27,309
    Agriculture operations loans - $100-250k 14 $1,543 $110,214
    Agriculture operations loans - $250k-1MM 6 $1,662 $277,000