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, Refi, and Cash Out Refi loans. Citizens Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Chicago, Gulfport, Las Vegas, and Springfield among others. We have data for 10 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

    288

    Origination Dollar Volume (All Markets)

    $48,090,000

    Employee count

    47

    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) 261 $42,225,000 $161,782 $0 0.00%
    Outside of Metro Areas 18 $3,790,000 $210,556 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Citizens Community Bank's top markets include St. Louis, Chicago, Gulfport, Las Vegas, and Springfield among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $48,090,000 $166,979 $0 0.00%

    For 2021, Citizens Community Bank's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $20,645,000 $155,226 $0 0.00%
    Refi 89 $15,615,000 $175,449 $0 0.00%
    Cash Out Refi 64 $11,800,000 $184,375 $0 0.00%
    Home Improvement 1 $5,000 $5,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2021, Citizens Community Bank's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 288 $48,090,000 $166,979 $0 0.00%

    For 2021, Citizens Community Bank's most frequently cited loan duration was Other, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 120 $16,860,000 $140,500 $0 0.00%
    $100,000 or less 82 $5,130,000 $62,561 $0 0.00%
    $200k-400k 73 $19,385,000 $265,548 $0 0.00%
    $400k-600k 12 $5,750,000 $479,167 $0 0.00%
    $600k-1MM 1 $965,000 $965,000 $0 0.00%

    2021 saw Citizens Community Bank place emphasis on $100k-200k loans with 120 originations, totaling $16,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $10,555,000 $185,175 $0 0.00%
    $50k-75k 49 $6,575,000 $134,184 $0 0.00%
    $75k-100k 44 $6,570,000 $149,318 $0 0.00%
    $150k-250k 43 $10,785,000 $250,814 $0 0.00%
    $50k or less 41 $3,625,000 $88,415 $0 0.00%
    $250k+ 15 $3,155,000 $210,333 $0 0.00%

    Citizens Community Bank lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $50k-75k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 288 $48,090,000 $166,979 $0 0.00%

    Citizens Community Bank lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $33,225,000 $165,299 $0 0.00%
    Not provided 53 $9,015,000 $170,094 $0 0.00%
    Not applicable 27 $5,195,000 $192,407 $0 0.00%
    Other Asian 1 $305,000 $305,000 $0 0.00%
    Black 5 $245,000 $49,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.47%

    Citizens Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.54%

    Citizens Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 288 $48,090,000 $166,979

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    288 $48,090,000 $166,979

    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 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 $153,082
    Citizens Community Bank 704 New Baldwin Road New Athens, IL 62264 Full Service B&M $48,289
    Citizens Community Bank 9 East Main Street Mascoutah, IL 62258 Full Service B&M $175,463

    For 2021, Citizens Community Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,178
    Net interest income $10,884
    Total noninterest income $1,074
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $193
    Trading account gains and fees $0
    Additional Noninterest Income $881
    Pre-tax net operating income $5,125
    Securities gains (or losses, -) $2
    Income before extraordinary items $3,975
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,975
    Minority interest net income $0
    Net income $3,975
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,973

    Citizens Community Bank's gross interest income from loans was $14,178,000.
    Citizens Community Bank's net interest income from loans was $10,884,000.
    Citizens Community Bank's fee based income from loans was $193,000.
    Citizens Community Bank's net income from loans was $3,975,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,294
    Provision for credit losses $550
    Total noninterest expense $6,283
    Salaries and employee benefits $4,403
    Premises and equipment expense $329
    Additional noninterest expense $1,551
    Applicable income taxes $1,152
    Net charge-offs $547
    Cash dividends $2,452

    Citizens Community Bank's interest expense for loans was $3,294,000.
    Citizens Community Bank's payroll and benefits expense were $4,403,000.
    Citizens Community Bank's property, plant and equipment expenses $329,000.

    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 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $395,256
    Deposits held in domestic offices $395,256
    Deposits by Individuals, partnerships, and corporations $292,238
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $102,772
    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 $93,194
    Demand deposits $60,358
    Nontransaction accounts $302,062
    Money market deposit accounts (MMDAs) $115,511
    Other savings deposits (excluding MMDAs) $56,373
    Total time deposits $130,178
    Total time and savings deposits $334,898
    Noninterest-bearing deposits $58,632
    Interest-bearing deposits $336,624
    Retail deposits $363,648
    IRAs and Keogh plan accounts $21,051
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $473,303
    Cash & Balances due from depository institutions $4,476
    Interest-bearing balances $2,799
    Total securities $218,792
    Federal funds sold & reverse repurchase $2,176
    Net loans and leases $236,037
    Loan and leases loss allowance $4,107
    Trading account assets $0
    Bank premises and fixed assets $1,416
    Other real estate owned $150
    Goodwill and other intangibles $0
    All other assets $10,256

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $473,303
    Total Liabilities $424,668
    Total deposits $395,256
    Interest-bearing deposits $336,624
    Deposits held in domestic offices $395,256
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $20,383
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $4,029

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $236,037
    Loan and leases loss allowance $4,107
    Total loans and leases (domestic) $240,144
    All real estate loans $201,681
    Real estate loans in domestic offices $201,681
    Construction and development loans $40,009
    Residential 1-4 family construction $13,707
    Other construction, all land development and other land $26,302
    Loans secured by nonfarm nonresidential properties $65,070
    Nonfarm nonresidential secured by owner-occupied properties $19,419
    Commercial real estate & other non-farm, non-residential $45,651
    Multifamily residential real estate $21,775
    1-4 family residential loans $42,751
    Farmland loans $32,076
    Loans held in foreign offices $0
    Farm loans $8,928
    Commercial and industrial loans $19,762
    To non-U.S. addressees $0
    Loans to individuals $3,536
    Credit card loans $0
    Related Plans $89
    Consumer Auto Loans $1,072
    Other loans to individuals $2,375
    All other loans & leases $6,237
    Loans to foreign governments and official institutions $0
    Other loans $16
    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 $5,655
    Non 1-4 family restructured loans & leases $5,455
    Total loans and leases (foreign) $0

    Citizens Community Bank had $236,037,000 of loans outstanding in 2021. $201,681,000 of loans were in real estate loans. $40,009,000 of loans were in development loans. $21,775,000 of loans were in multifamily mortgage loans. $42,751,000 of loans were in 1-4 family mortgage loans. $8,928,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,072,000 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 98 $20,833 $212,582
    Nonfarm, nonresidential loans - <$100k 25 $1,164 $46,560
    Nonfarm, nonresidential loans - $100-250k 35 $4,493 $128,371
    Nonfarm, nonresidential loans - $250k-1MM 38 $15,176 $399,368
    Commercial & Industrial, US addressed loans - <$1MM 174 $11,031 $63,397
    Commercial & Industrial, US addressed loans - <$100k 132 $3,012 $22,818
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,788 $103,259
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $5,231 $348,733
    Farmland loans - <$1MM 42 $5,331 $126,929
    Farmland loans - <$100k 18 $636 $35,333
    Farmland loans - $100-250k 13 $1,420 $109,231
    Farmland loans - $250k-1MM 11 $3,275 $297,727
    Agriculture operations loans - <$1MM 52 $3,505 $67,404
    Agriculture operations loans - <$100k 38 $1,180 $31,053
    Agriculture operations loans - $100-250k 11 $1,256 $114,182
    Agriculture operations loans - $250k-1MM 3 $1,069 $356,333