Citizens State Bank Mortgage Rates, Fees & Info

Monticello, IA

LEI: 254900P6952HH7CVAC87

Tax ID: 42-0181990

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Mortgage Data

Review & Overview

Citizens State Bank is a smaller bank specializing in Home Purchase loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cedar Rapids, Dubuque, and Waterloo among others. We have data for 4 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.

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

90

Origination Dollar Volume (All Markets)

$13,170,000

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
Outside of Metro Areas 46 $8,040,000 $174,783 $0 0.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 35 $3,745,000 $107,000 $0 0.00%
DUBUQUE, IA (FHA|USDA|VA) 7 $955,000 $136,429 $0 0.00%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
Citizens State Bank's top markets include Cedar Rapids, Dubuque, and Waterloo among others.

Their top states include:
  • Iowa (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.

    FIRST
    Similarity Rank: 112
    LINN AREA
    Similarity Rank: 128
    Bankers Trust Company
    Similarity Rank: 162
    BankIowa of Cedar Rapids
    Similarity Rank: 170
    Fidelity Bank & Trust
    Similarity Rank: 182
    Hills Bank and Trust Company
    Similarity Rank: 200
    Collins Community Credit Union
    Similarity Rank: 210
    Ohnward Bank & Trust
    Similarity Rank: 420
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 518
    IOWA BANKERS MORTGAGE CORPORATION
    Similarity Rank: 870

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $13,170,000 $146,333 $0 0.00%

    For 2023, Citizens State Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $9,550,000 $170,536 $0 0.00%
    Refi 19 $2,435,000 $128,158 $0 0.00%
    Other 8 $370,000 $46,250 $0 0.00%
    Home Improvement 4 $110,000 $27,500 $0 0.00%
    Cash Out Refi 3 $705,000 $235,000 $0 0.00%

    For 2023, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $13,170,000 $146,333 $0 0.00%

    For 2023, Citizens State Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,065,000 $52,949 $0 0.00%
    $100k-200k 29 $4,075,000 $140,517 $0 0.00%
    $200k-400k 18 $4,880,000 $271,111 $0 0.00%
    $400k-600k 3 $1,495,000 $498,333 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2023 saw Citizens State Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 24 $2,710,000 $112,917 $0 0.00%
    $100k-150k 16 $2,770,000 $173,125 $0 0.00%
    $75k-100k 12 $1,460,000 $121,667 $0 0.00%
    $50k or less 10 $610,000 $61,000 $0 0.00%
    $150k-250k 9 $2,155,000 $239,444 $0 0.00%
    $250k+ 6 $2,080,000 $346,667 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $13,170,000 $146,333 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $12,050,000 $150,625 $0 0.00%
    Not applicable 10 $1,120,000 $112,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.73%

    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
    75.56%

    Citizens State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $13,170,000 $146,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $13,170,000 $146,333