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 Refi, Cash Out Refi, and Home Purchase loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Tyler, Los Angeles, Palm Bay, and Daphne among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Community Bank has an above 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

    342

    Origination Dollar Volume (All Markets)

    $61,300,000

    Employee count

    50

    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) 301 $48,315,000 $160,515 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 1 $6,425,000 $6,425,000 $0 0.00%
    Outside of Metro Areas 28 $3,470,000 $123,929 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Centralia, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Citizens Community Bank's top markets include St. Louis, Tyler, Los Angeles, Palm Bay, and Daphne among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 342 $61,300,000 $179,240 $0 0.00%

    For 2020, Citizens Community Bank's most frequently originated type of loan was Conventional, with 342 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 138 $28,640,000 $207,536 $0 0.00%
    Cash Out Refi 99 $18,105,000 $182,879 $0 0.00%
    Home Purchase 98 $13,340,000 $136,122 $0 0.00%
    Home Improvement 4 $410,000 $102,500 $0 0.00%
    Other 3 $805,000 $268,333 $0 0.00%

    For 2020, Citizens Community Bank's most frequently cited loan purpose was Refi, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 342 $61,300,000 $179,240 $0 0.00%

    For 2020, Citizens Community Bank's most frequently cited loan duration was Other, with 342 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 152 $22,230,000 $146,250 $0 0.00%
    $100,000 or less 96 $6,510,000 $67,813 $0 0.00%
    $200k-400k 87 $23,125,000 $265,805 $0 0.00%
    $400k-600k 5 $2,305,000 $461,000 $0 0.00%
    $1MM+ 1 $6,425,000 $6,425,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2020 saw Citizens Community Bank place emphasis on $100k-200k loans with 152 originations, totaling $22,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 93 $16,355,000 $175,860 $0 0.00%
    $150k-250k 76 $15,030,000 $197,763 $0 0.00%
    $50k-75k 46 $5,260,000 $114,348 $0 0.00%
    $75k-100k 38 $5,720,000 $150,526 $0 0.00%
    $50k or less 26 $2,560,000 $98,462 $0 0.00%
    $250k+ 16 $4,380,000 $273,750 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $150k-250k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 342 $61,300,000 $179,240 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 342 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $47,975,000 $166,003 $0 0.00%
    Not applicable 30 $10,080,000 $336,000 $0 0.00%
    Not provided 16 $2,210,000 $138,125 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%
    American Indian 1 $285,000 $285,000 $0 0.00%
    Black 3 $215,000 $71,667 $0 0.00%
    Other Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.72%

    Citizens Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.77%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 342 $61,300,000 $179,240

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $6,685,000 $2,228,333
    Single Family (1-4 Units):Manufactured 10 $500,000 $50,000
    Single Family (1-4 Units):Site-Built 329 $54,115,000 $164,483

    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 302 West Washington St Freeburg, IL 62243 Limited, Administrative $0
    Citizens Community Bank 311 South State Freeburg, IL 62243 Limited, Administrative $0
    Citizens Community Bank 620 North State Street Freeburg, IL 62243 Full Service B&M $154,609
    Citizens Community Bank 704 New Baldwin Road New Athens, IL 62264 Full Service B&M $47,286
    Citizens Community Bank 9 East Main Street Mascoutah, IL 62258 Full Service B&M $163,168

    For 2020, Citizens Community Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,758
    Net interest income $11,288
    Total noninterest income $1,348
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $196
    Trading account gains and fees $0
    Additional Noninterest Income $1,152
    Pre-tax net operating income $5,567
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,318
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,318
    Minority interest net income $0
    Net income $4,318
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,318

    Citizens Community Bank's gross interest income from loans was $15,758,000.
    Citizens Community Bank's net interest income from loans was $11,288,000.
    Citizens Community Bank's fee based income from loans was $196,000.
    Citizens Community Bank's net income from loans was $4,318,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,470
    Provision for credit losses $600
    Total noninterest expense $6,469
    Salaries and employee benefits $4,339
    Premises and equipment expense $494
    Additional noninterest expense $1,636
    Applicable income taxes $1,249
    Net charge-offs $49
    Cash dividends $4,472

    Citizens Community Bank's interest expense for loans was $4,470,000.
    Citizens Community Bank's payroll and benefits expense were $4,339,000.
    Citizens Community Bank's property, plant and equipment expenses $494,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    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 $379,155
    Deposits held in domestic offices $379,155
    Deposits by Individuals, partnerships, and corporations $281,132
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $97,777
    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 $84,561
    Demand deposits $56,763
    Nontransaction accounts $294,594
    Money market deposit accounts (MMDAs) $102,465
    Other savings deposits (excluding MMDAs) $46,752
    Total time deposits $145,378
    Total time and savings deposits $322,392
    Noninterest-bearing deposits $55,632
    Interest-bearing deposits $323,523
    Retail deposits $344,225
    IRAs and Keogh plan accounts $20,495
    Brokered deposits $3,001
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,759
    Cash & Balances due from depository institutions $4,790
    Interest-bearing balances $2,522
    Total securities $170,354
    Federal funds sold & reverse repurchase $458
    Net loans and leases $263,669
    Loan and leases loss allowance $4,104
    Trading account assets $0
    Bank premises and fixed assets $1,715
    Other real estate owned $332
    Goodwill and other intangibles $0
    All other assets $9,441

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,759
    Total Liabilities $402,393
    Total deposits $379,155
    Interest-bearing deposits $323,523
    Deposits held in domestic offices $379,155
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $11,865
    Trading liabilities $0
    Other borrowed funds $7,500
    Subordinated debt $0
    All other liabilities $3,873

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $263,669
    Loan and leases loss allowance $4,104
    Total loans and leases (domestic) $267,773
    All real estate loans $223,851
    Real estate loans in domestic offices $223,851
    Construction and development loans $32,493
    Residential 1-4 family construction $8,154
    Other construction, all land development and other land $24,339
    Loans secured by nonfarm nonresidential properties $73,503
    Nonfarm nonresidential secured by owner-occupied properties $26,692
    Commercial real estate & other non-farm, non-residential $46,811
    Multifamily residential real estate $28,157
    1-4 family residential loans $46,182
    Farmland loans $43,516
    Loans held in foreign offices $0
    Farm loans $6,761
    Commercial and industrial loans $26,634
    To non-U.S. addressees $0
    Loans to individuals $3,487
    Credit card loans $0
    Related Plans $111
    Consumer Auto Loans $1,020
    Other loans to individuals $2,356
    All other loans & leases $7,040
    Loans to foreign governments and official institutions $0
    Other loans $6
    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 $5,456
    Non 1-4 family restructured loans & leases $5,228
    Total loans and leases (foreign) $0

    Citizens Community Bank had $263,669,000 of loans outstanding in 2020. $223,851,000 of loans were in real estate loans. $32,493,000 of loans were in development loans. $28,157,000 of loans were in multifamily mortgage loans. $46,182,000 of loans were in 1-4 family mortgage loans. $6,761,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,020,000 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 93 $20,112 $216,258
    Nonfarm, nonresidential loans - <$100k 22 $881 $40,045
    Nonfarm, nonresidential loans - $100-250k 35 $4,657 $133,057
    Nonfarm, nonresidential loans - $250k-1MM 36 $14,574 $404,833
    Commercial & Industrial, US addressed loans - <$1MM 253 $13,179 $52,091
    Commercial & Industrial, US addressed loans - <$100k 207 $5,120 $24,734
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,164 $105,467
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,895 $305,938
    Farmland loans - <$1MM 54 $7,194 $133,222
    Farmland loans - <$100k 22 $848 $38,545
    Farmland loans - $100-250k 19 $2,418 $127,263
    Farmland loans - $250k-1MM 13 $3,928 $302,154
    Agriculture operations loans - <$1MM 59 $3,357 $56,898
    Agriculture operations loans - <$100k 44 $1,146 $26,045
    Agriculture operations loans - $100-250k 12 $1,314 $109,500
    Agriculture operations loans - $250k-1MM 3 $897 $299,000