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 and Refi loans. Citizens 1st Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Nacogdoches, Dallas, Houston, and Jacksonville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens 1st 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

    177

    Origination Dollar Volume (All Markets)

    $38,645,000

    Employee count

    62

    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) 76 $16,270,000 $214,079 $0 0.00%
    Nacogdoches, TX (FHA|USDA|VA) 43 $5,655,000 $131,512 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $5,335,000 $592,778 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $3,265,000 $217,667 $0 0.00%
    Jacksonville, TX (FHA|USDA|VA) 13 $2,035,000 $156,538 $0 0.00%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 5 $995,000 $199,000 $0 0.00%
    Granbury, TX (FHA|USDA|VA) 2 $850,000 $425,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 6 $770,000 $128,333 $0 0.00%
    Breckenridge, CO (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
    Lufkin, TX (FHA|USDA|VA) 3 $385,000 $128,333 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Outside of Metro Areas 1 $275,000 $275,000 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Citizens 1st Bank's top markets include Tyler, Nacogdoches, Dallas, Houston, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $38,645,000 $218,333 $0 0.00%

    For 2020, Citizens 1st Bank's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $19,365,000 $217,584 $0 0.00%
    Refi 66 $14,670,000 $222,273 $0 0.00%
    Cash Out Refi 10 $2,800,000 $280,000 $0 0.00%
    Home Improvement 7 $895,000 $127,857 $0 0.00%
    Other 5 $915,000 $183,000 $0 0.00%

    For 2020, Citizens 1st Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 177 $38,645,000 $218,333 $0 0.00%

    For 2020, Citizens 1st Bank's most frequently cited loan duration was Other, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,795,000 $146,194 $0 0.00%
    $200k-400k 52 $14,700,000 $282,692 $0 0.00%
    $100,000 or less 41 $2,615,000 $63,780 $0 0.00%
    $400k-600k 11 $5,175,000 $470,455 $0 0.00%
    $600k-1MM 4 $2,870,000 $717,500 $0 0.00%
    $1MM+ 2 $3,490,000 $1,745,000 $0 0.00%

    2020 saw Citizens 1st Bank place emphasis on $100k-200k loans with 67 originations, totaling $9,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $13,640,000 $454,667 $0 0.00%
    $100k-150k 26 $5,170,000 $198,846 $0 0.00%
    $150k-250k 25 $5,265,000 $210,600 $0 0.00%
    $50k-75k 25 $3,475,000 $139,000 $0 0.00%
    $75k-100k 24 $3,740,000 $155,833 $0 0.00%
    $50k or less 17 $1,715,000 $100,882 $0 0.00%

    Citizens 1st Bank lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 177 $38,645,000 $218,333 $0 0.00%

    Citizens 1st Bank lent most frequently to those with DTI ratios of Exempt%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $32,310,000 $224,375 $0 0.00%
    Not applicable 27 $4,975,000 $184,259 $0 0.00%
    Asian 3 $845,000 $281,667 $0 0.00%
    Not provided 1 $405,000 $405,000 $0 0.00%
    Black 2 $110,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.10%

    Citizens 1st Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.92%

    Citizens 1st Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 177 $38,645,000 $218,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $4,190,000 $523,750
    Single Family (1-4 Units):Manufactured 3 $235,000 $78,333
    Single Family (1-4 Units):Site-Built 166 $34,220,000 $206,145

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens 1st Bank 125 N. Main Street Rusk, TX 75785 Full Service B&M $148,244
    Citizens 1st Bank 2001 East Southeast Loop 323 Tyler, TX 75701 Full Service B&M $201,947
    Citizens 1st Bank 3010 North University Drive Nacogdoches, TX 75964 Full Service B&M $117,296
    Citizens 1st Bank 825 South Jackson Jacksonville, TX 75766 Full Service B&M $11,223

    For 2020, Citizens 1st Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,735
    Net interest income $17,686
    Total noninterest income $1,149
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $277
    Trading account gains and fees $0
    Additional Noninterest Income $872
    Pre-tax net operating income $11,230
    Securities gains (or losses, -) $219
    Income before extraordinary items $11,449
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,449
    Minority interest net income $0
    Net income $11,449
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,230

    Citizens 1st Bank's gross interest income from loans was $22,735,000.
    Citizens 1st Bank's net interest income from loans was $17,686,000.
    Citizens 1st Bank's fee based income from loans was $277,000.
    Citizens 1st Bank's net income from loans was $11,449,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,049
    Provision for credit losses $0
    Total noninterest expense $7,605
    Salaries and employee benefits $4,449
    Premises and equipment expense $457
    Additional noninterest expense $2,699
    Applicable income taxes $0
    Net charge-offs $-134
    Cash dividends $11,000

    Citizens 1st Bank's interest expense for loans was $5,049,000.
    Citizens 1st Bank's payroll and benefits expense were $4,449,000.
    Citizens 1st Bank's property, plant and equipment expenses $457,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 3.0%
    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 $511,939
    Deposits held in domestic offices $511,939
    Deposits by Individuals, partnerships, and corporations $377,268
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $131,240
    Deposits by Commercial banks and other depository institutions in U.S. $3,431
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,925
    Demand deposits $62,356
    Nontransaction accounts $389,014
    Money market deposit accounts (MMDAs) $169,143
    Other savings deposits (excluding MMDAs) $60,554
    Total time deposits $159,316
    Total time and savings deposits $449,583
    Noninterest-bearing deposits $62,356
    Interest-bearing deposits $449,583
    Retail deposits $427,528
    IRAs and Keogh plan accounts $9,835
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $754,977
    Cash & Balances due from depository institutions $46,348
    Interest-bearing balances $39,267
    Total securities $458,886
    Federal funds sold & reverse repurchase $14
    Net loans and leases $235,332
    Loan and leases loss allowance $1,736
    Trading account assets $0
    Bank premises and fixed assets $771
    Other real estate owned $565
    Goodwill and other intangibles $0
    All other assets $13,061

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $754,977
    Total Liabilities $602,518
    Total deposits $511,939
    Interest-bearing deposits $449,583
    Deposits held in domestic offices $511,939
    % insured (estimated) $49
    Federal funds purchased and repurchase agreements $13,777
    Trading liabilities $0
    Other borrowed funds $75,500
    Subordinated debt $0
    All other liabilities $1,302

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $235,332
    Loan and leases loss allowance $1,736
    Total loans and leases (domestic) $237,068
    All real estate loans $219,193
    Real estate loans in domestic offices $219,193
    Construction and development loans $22,332
    Residential 1-4 family construction $4,159
    Other construction, all land development and other land $18,173
    Loans secured by nonfarm nonresidential properties $113,145
    Nonfarm nonresidential secured by owner-occupied properties $15,725
    Commercial real estate & other non-farm, non-residential $97,420
    Multifamily residential real estate $22,532
    1-4 family residential loans $59,199
    Farmland loans $1,985
    Loans held in foreign offices $0
    Farm loans $112
    Commercial and industrial loans $6,323
    To non-U.S. addressees $0
    Loans to individuals $4,797
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,181
    Other loans to individuals $3,616
    All other loans & leases $6,644
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $274
    Non 1-4 family restructured loans & leases $117
    Total loans and leases (foreign) $0

    Citizens 1st Bank had $235,332,000 of loans outstanding in 2020. $219,193,000 of loans were in real estate loans. $22,332,000 of loans were in development loans. $22,532,000 of loans were in multifamily mortgage loans. $59,199,000 of loans were in 1-4 family mortgage loans. $112,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,181,000 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 119 $30,453 $255,908
    Nonfarm, nonresidential loans - <$100k 20 $861 $43,050
    Nonfarm, nonresidential loans - $100-250k 48 $6,255 $130,313
    Nonfarm, nonresidential loans - $250k-1MM 51 $23,337 $457,588
    Commercial & Industrial, US addressed loans - <$1MM 103 $4,777 $46,379
    Commercial & Industrial, US addressed loans - <$100k 78 $1,862 $23,872
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,298 $81,125
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,617 $179,667
    Farmland loans - <$1MM 1 $227 $227,000
    Farmland loans - $250k-1MM 1 $227 $227,000
    Agriculture operations loans - <$1MM 4 $112 $28,000
    Agriculture operations loans - <$100k 4 $112 $28,000