Citizens 1st Bank Mortgage Rates, Fees & Info

Tyler, TX

LEI: 254900TSSJ6QLFK4C243

Tax ID: 75-0188030

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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 1st Bank is a smaller bank specializing in Home Purchase loans. Citizens 1st Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Nacogdoches, Dallas, Jacksonville, and Houston among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens 1st 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

    93

    Origination Dollar Volume (All Markets)

    $13,415,000

    Employee count

    59

    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
    TYLER, TX (FHA|USDA|VA) 37 $6,335,000 $171,216 $0 0.00%
    Nacogdoches, TX (FHA|USDA|VA) 32 $3,540,000 $110,625 $0 0.00%
    Outside of Metro Areas 4 $880,000 $220,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $765,000 $255,000 $0 0.00%
    Jacksonville, TX (FHA|USDA|VA) 5 $705,000 $141,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $560,000 $140,000 $0 0.00%
    Lufkin, TX (FHA|USDA|VA) 3 $225,000 $75,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    Citizens 1st Bank's top markets include Tyler, Nacogdoches, Dallas, Jacksonville, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $13,415,000 $144,247 $0 0.00%

    For 2019, Citizens 1st Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $10,500,000 $159,091 $0 0.00%
    Other 13 $1,255,000 $96,538 $0 0.00%
    Refi 7 $895,000 $127,857 $0 0.00%
    Cash Out Refi 4 $360,000 $90,000 $0 0.00%
    Home Improvement 3 $405,000 $135,000 $0 0.00%

    For 2019, Citizens 1st Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Other, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $13,415,000 $144,247 $0 0.00%

    For 2019, Citizens 1st Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,545,000 $59,186 $0 0.00%
    $100k-200k 30 $4,510,000 $150,333 $0 0.00%
    $200k-400k 15 $3,895,000 $259,667 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2019 saw Citizens 1st Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $2,395,000 $126,053 $0 0.00%
    $50k or less 14 $1,330,000 $95,000 $0 0.00%
    $50k-75k 13 $1,865,000 $143,462 $0 0.00%
    $75k-100k 13 $1,405,000 $108,077 $0 0.00%
    $150k-250k 7 $2,425,000 $346,429 $0 0.00%
    $250k+ 6 $1,800,000 $300,000 $0 0.00%

    Citizens 1st Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $13,415,000 $144,247 $0 0.00%

    Citizens 1st Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $10,590,000 $160,455 $0 0.00%
    Not applicable 21 $2,195,000 $104,524 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%
    Other Asian 1 $205,000 $205,000 $0 0.00%
    Black 3 $105,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.19%

    Citizens 1st Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.37%

    Citizens 1st 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 93 $13,415,000 $144,247

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,355,000 $451,667
    Single Family (1-4 Units):Manufactured 5 $255,000 $51,000
    Single Family (1-4 Units):Site-Built 85 $11,805,000 $138,882

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens 1st Bank 3010 North University Drive Nacogdoches, TX 75964 Full Service B&M $116,304
    Citizens 1st Bank 825 South Jackson Jacksonville, TX 75766 Full Service B&M $10,867
    Citizens 1st Bank 125 N. Main Street Rusk, TX 75785 Full Service B&M $115,429
    Citizens 1st Bank 2001 East Southeast Loop 323 Tyler, TX 75701 Full Service B&M $176,192

    For 2019, Citizens 1st Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,079
    Net interest income $17,414
    Total noninterest income $958
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $518
    Trading account gains and fees $0
    Additional Noninterest Income $440
    Pre-tax net operating income $10,995
    Securities gains (or losses, -) $313
    Income before extraordinary items $11,308
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,308
    Minority interest net income $0
    Net income $11,308
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,995

    Citizens 1st Bank's gross interest income from loans was $25,079,000.
    Citizens 1st Bank's net interest income from loans was $17,414,000.
    Citizens 1st Bank's fee based income from loans was $518,000.
    Citizens 1st Bank's net income from loans was $11,308,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,665
    Provision for credit losses $-150
    Total noninterest expense $7,527
    Salaries and employee benefits $4,363
    Premises and equipment expense $537
    Additional noninterest expense $2,627
    Applicable income taxes $0
    Net charge-offs $-12
    Cash dividends $10,750

    Citizens 1st Bank's interest expense for loans was $7,665,000.
    Citizens 1st Bank's payroll and benefits expense were $4,363,000.
    Citizens 1st Bank's property, plant and equipment expenses $537,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 2.0%
    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 $468,419
    Deposits held in domestic offices $468,419
    Deposits by Individuals, partnerships, and corporations $338,973
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $128,090
    Deposits by Commercial banks and other depository institutions in U.S. $1,357
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $117,576
    Demand deposits $62,178
    Nontransaction accounts $350,844
    Money market deposit accounts (MMDAs) $144,110
    Other savings deposits (excluding MMDAs) $51,535
    Total time deposits $155,199
    Total time and savings deposits $406,242
    Noninterest-bearing deposits $62,177
    Interest-bearing deposits $406,242
    Retail deposits $390,031
    IRAs and Keogh plan accounts $10,388
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $714,853
    Cash & Balances due from depository institutions $61,845
    Interest-bearing balances $57,105
    Total securities $386,191
    Federal funds sold & reverse repurchase $0
    Net loans and leases $252,784
    Loan and leases loss allowance $1,603
    Trading account assets $0
    Bank premises and fixed assets $836
    Other real estate owned $401
    Goodwill and other intangibles $0
    All other assets $12,796

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $714,853
    Total Liabilities $569,100
    Total deposits $468,419
    Interest-bearing deposits $406,242
    Deposits held in domestic offices $468,419
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $9,182
    Trading liabilities $0
    Other borrowed funds $90,000
    Subordinated debt $0
    All other liabilities $1,499

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $252,784
    Loan and leases loss allowance $1,603
    Total loans and leases (domestic) $254,387
    All real estate loans $229,925
    Real estate loans in domestic offices $229,925
    Construction and development loans $20,329
    Residential 1-4 family construction $4,354
    Other construction, all land development and other land $15,975
    Loans secured by nonfarm nonresidential properties $125,252
    Nonfarm nonresidential secured by owner-occupied properties $15,624
    Commercial real estate & other non-farm, non-residential $109,628
    Multifamily residential real estate $20,410
    1-4 family residential loans $61,822
    Farmland loans $2,112
    Loans held in foreign offices $0
    Farm loans $371
    Commercial and industrial loans $11,399
    To non-U.S. addressees $0
    Loans to individuals $4,546
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $892
    Other loans to individuals $3,654
    All other loans & leases $8,145
    Loans to foreign governments and official institutions $0
    Other loans $1
    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 $527
    Non 1-4 family restructured loans & leases $128
    Total loans and leases (foreign) $0

    Citizens 1st Bank had $252,784,000 of loans outstanding in 2019. $229,925,000 of loans were in real estate loans. $20,329,000 of loans were in development loans. $20,410,000 of loans were in multifamily mortgage loans. $61,822,000 of loans were in 1-4 family mortgage loans. $371,000 of loans were in farm loans. $0 of loans were in credit card loans. $892,000 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 129 $28,499 $220,922
    Nonfarm, nonresidential loans - <$100k 20 $916 $45,800
    Nonfarm, nonresidential loans - $100-250k 51 $6,122 $120,039
    Nonfarm, nonresidential loans - $250k-1MM 58 $21,461 $370,017
    Commercial & Industrial, US addressed loans - <$1MM 81 $5,240 $64,691
    Commercial & Industrial, US addressed loans - <$100k 52 $1,077 $20,712
    Commercial & Industrial, US addressed loans - $100-250k 17 $1,105 $65,000
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $3,058 $254,833
    Farmland loans - <$1MM 1 $278 $278,000
    Farmland loans - $250k-1MM 1 $278 $278,000
    Agriculture operations loans - <$1MM 7 $371 $53,000
    Agriculture operations loans - <$100k 4 $55 $13,750
    Agriculture operations loans - $100-250k 3 $316 $105,333