Citizens State Bank Mortgage Rates, Fees & Info
Monticello, IALEI: 254900P6952HH7CVAC87
Tax ID: 42-0181990
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Mortgage Data
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: Cedar Rapids, Dubuque, Des Moines, Waterloo, and Ames among others. We have data for 7 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 a below average pick rate when compared to similar lenders.
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Originations
117Origination Dollar Volume (All Markets)
$19,305,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 55 | $10,385,000 | $188,818 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 49 | $6,035,000 | $123,163 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 8 | $1,770,000 | $221,250 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
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.
Similarity Rank: 35
Similarity Rank: 72
Similarity Rank: 84
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Similarity Rank: 143
Similarity Rank: 234
Similarity Rank: 549
Similarity Rank: 640
Similarity Rank: 924
Similarity Rank: 1638
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $19,305,000 | $165,000 | $0 | 0.00% |
For 2024, Citizens State Bank's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2024, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $19,305,000 | $165,000 | $0 | 0.00% |
For 2024, Citizens State Bank's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2024 saw Citizens State Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,285,000 in origination value.
Applicant Income
Citizens State Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $19,305,000 | $165,000 | $0 | 0.00% |
Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.09%
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 origination60.68%
Citizens State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $19,305,000 | $165,000 |