Citizens State Bank Mortgage Rates, Fees & Info
Monticello, IALEI: 254900P6952HH7CVAC87
Tax ID: 42-0181990
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Iowa City, Des Moines, and Muscatine among others. We have data for 6 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
141Origination Dollar Volume (All Markets)
$22,165,000Top 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 | 76 | $11,050,000 | $145,395 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 56 | $9,240,000 | $165,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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: 135
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Similarity Rank: 200
Similarity Rank: 240
Similarity Rank: 345
Similarity Rank: 396
Similarity Rank: 490
Similarity Rank: 544
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 141 | $22,165,000 | $157,199 | $0 | 0.00% |
For 2022, Citizens State Bank's most frequently originated type of loan was Conventional, with 141 originations.
Loan Reason
For 2022, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 141 | $22,165,000 | $157,199 | $0 | 0.00% |
For 2022, Citizens State Bank's most frequently cited loan duration was Other, with 141 originations.
Loan Sizing
2022 saw Citizens State Bank place emphasis on $100k-200k loans with 56 originations, totaling $8,500,000 in origination value.
Applicant Income
Citizens State Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 141 | $22,165,000 | $157,199 | $0 | 0.00% |
Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 141 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.91%
Citizens State Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.21%
Citizens State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 141 | $22,165,000 | $157,199 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 10.0% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Struggling to pay mortgage | 3 | 30.0% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Trouble during payment process | 4 | 40.0% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Trouble during payment process | 1 | 10.0% |