Citizens State Bank Mortgage Rates, Fees & Info
Tyler, TXLEI: 254900VOQT4VJAMUYS20
Tax ID: 75-1249004
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Mortgage Data
Bank 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: Tyler, Athens, Dallas, Houston, and Longview among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens State 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.
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Originations
148Origination Dollar Volume (All Markets)
$33,550,000Employee count
74Top 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) | 63 | $15,495,000 | $245,952 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 39 | $6,165,000 | $158,077 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 16 | $5,060,000 | $316,250 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $3,365,000 | $160,238 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $33,475,000 | $227,721 | $0 | 0.00% |
| VA | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2018, Citizens State Bank's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 99 | $21,835,000 | $220,556 | $0 | 0.00% |
| Cash Out Refi | 28 | $5,160,000 | $184,286 | $0 | 0.00% |
| Refi | 21 | $6,555,000 | $312,143 | $0 | 0.00% |
For 2018, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 148 | $33,550,000 | $226,689 | $0 | 0.00% |
For 2018, Citizens State Bank's most frequently cited loan duration was Other, with 148 originations.
Loan Sizing
2018 saw Citizens State Bank place emphasis on $100k-200k loans with 67 originations, totaling $9,795,000 in origination value.
Applicant Income
Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $75k-100k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 148 | $33,550,000 | $226,689 | $0 | 0.00% |
Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.33%
Citizens State Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.59%
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 | 148 | $33,550,000 | $226,689 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 9 | 5.3% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Closing on a mortgage | 5 | 2.9% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Improper use of your report | 1 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Incorrect information on your report | 1 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Struggling to pay mortgage | 16 | 9.4% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Trouble during payment process | 36 | 21.1% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.2% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Closing on a mortgage | 3 | 1.8% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Struggling to pay mortgage | 8 | 4.7% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Trouble during payment process | 3 | 1.8% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 9 | 5.3% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 1.8% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 7 | 4.1% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 41 | 24.0% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.2% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Closing on a mortgage | 3 | 1.8% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Struggling to pay mortgage | 4 | 2.3% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Trouble during payment process | 15 | 8.8% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Struggling to pay mortgage | 1 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Trouble during payment process | 1 | 0.6% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Citizens State Bank | 11433 Highway 64 West Tyler, TX 75707 | Full Service B&M | $17,184 |
| Citizens State Bank | 1381 South Third Street Mabank, TX 75147 | Full Service B&M | $41,453 |
| Citizens State Bank | 16920 Village Lake Dr. Lindale, TX 75771 | Full Service B&M | $5,325 |
| Citizens State Bank | 210 E. Cedar Creek Parkway Seven Points, TX 75143 | Full Service B&M | $21,665 |
| Citizens State Bank | 216 N. Broad Street Chandler, TX 75758 | Full Service B&M | $51,472 |
| Citizens State Bank | 3915 Ssw Loop 323 Tyler, TX 75701 | Full Service B&M | $101,940 |
| Citizens State Bank | 713 E. Tyler Athens, TX 75751 | Full Service B&M | $20,425 |
For 2018, Citizens State Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,690 |
| Net interest income | $13,398 |
| Total noninterest income | $2,536 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $760 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,776 |
| Pre-tax net operating income | $6,998 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $5,475 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,475 |
| Minority interest net income | $0 |
| Net income | $5,475 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,475 |
Citizens State Bank's gross interest income from loans was $15,690,000.
Citizens State Bank's net interest income from loans was $13,398,000.
Citizens State Bank's fee based income from loans was $760,000.
Citizens State Bank's net income from loans was $5,475,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,292 |
| Provision for credit losses | $748 |
| Total noninterest expense | $8,188 |
| Salaries and employee benefits | $4,711 |
| Premises and equipment expense | $1,505 |
| Additional noninterest expense | $1,972 |
| Applicable income taxes | $1,523 |
| Net charge-offs | $581 |
| Cash dividends | $2,300 |
Citizens State Bank's interest expense for loans was $2,292,000.
Citizens State Bank's payroll and benefits expense were $4,711,000.
Citizens State Bank's property, plant and equipment expenses $1,505,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| 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 | $256,419 |
| Deposits held in domestic offices | $256,419 |
| Deposits by Individuals, partnerships, and corporations | $248,617 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $7,702 |
| Deposits by Commercial banks and other depository institutions in U.S. | $100 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $111,602 |
| Demand deposits | $89,071 |
| Nontransaction accounts | $144,817 |
| Money market deposit accounts (MMDAs) | $65,310 |
| Other savings deposits (excluding MMDAs) | $21,960 |
| Total time deposits | $57,547 |
| Total time and savings deposits | $167,348 |
| Noninterest-bearing deposits | $89,071 |
| Interest-bearing deposits | $167,348 |
| Retail deposits | $231,989 |
| IRAs and Keogh plan accounts | $5,771 |
| Brokered deposits | $21,981 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $344,964 |
| Cash & Balances due from depository institutions | $46,111 |
| Interest-bearing balances | $39,150 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $287,743 |
| Loan and leases loss allowance | $3,277 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,950 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,160 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $344,964 |
| Total Liabilities | $302,587 |
| Total deposits | $256,419 |
| Interest-bearing deposits | $167,348 |
| Deposits held in domestic offices | $256,419 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $45,155 |
| Subordinated debt | $0 |
| All other liabilities | $1,013 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $287,743 |
| Loan and leases loss allowance | $3,277 |
| Total loans and leases (domestic) | $291,020 |
| All real estate loans | $260,126 |
| Real estate loans in domestic offices | $260,126 |
| Construction and development loans | $21,287 |
| Residential 1-4 family construction | $17,319 |
| Other construction, all land development and other land | $3,968 |
| Loans secured by nonfarm nonresidential properties | $141,064 |
| Nonfarm nonresidential secured by owner-occupied properties | $32,709 |
| Commercial real estate & other non-farm, non-residential | $108,355 |
| Multifamily residential real estate | $11,973 |
| 1-4 family residential loans | $76,222 |
| Farmland loans | $9,580 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,558 |
| Commercial and industrial loans | $18,165 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,971 |
| Credit card loans | $412 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,113 |
| Other loans to individuals | $1,446 |
| All other loans & leases | $201 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Citizens State Bank had $287,743,000 of loans outstanding in 2018. $260,126,000 of loans were in real estate loans. $21,287,000 of loans were in development loans. $11,973,000 of loans were in multifamily mortgage loans. $76,222,000 of loans were in 1-4 family mortgage loans. $6,558,000 of loans were in farm loans. $412,000 of loans were in credit card loans. $4,113,000 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 | 231 | $37,906 | $164,095 |
| Nonfarm, nonresidential loans - <$100k | 65 | $3,042 | $46,800 |
| Nonfarm, nonresidential loans - $100-250k | 85 | $9,805 | $115,353 |
| Nonfarm, nonresidential loans - $250k-1MM | 81 | $25,059 | $309,370 |
| Commercial & Industrial, US addressed loans - <$1MM | 271 | $12,490 | $46,089 |
| Commercial & Industrial, US addressed loans - <$100k | 213 | $3,302 | $15,502 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $3,182 | $90,914 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 23 | $6,006 | $261,130 |
| Farmland loans - <$1MM | 5 | $459 | $91,800 |
| Farmland loans - <$100k | 3 | $136 | $45,333 |
| Farmland loans - $100-250k | 2 | $323 | $161,500 |
| Agriculture operations loans - <$1MM | 392 | $6,540 | $16,684 |
| Agriculture operations loans - <$100k | 379 | $4,978 | $13,135 |
| Agriculture operations loans - $100-250k | 13 | $1,562 | $120,154 |