Citizens State Bank Of Loyal Mortgage Rates, Fees & Info
Loyal, WILEI: 5493002PU0KOD7M34E71
Tax ID: 39-0210210
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Bank Data
Review & Overview
Citizens State Bank Of Loyal is a smaller bank specializing in Refi and Cash Out Refi loans. Citizens State Bank Of Loyal has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Eau Claire, Wisconsin Rapids, Appleton, and Minneapolis among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens State Bank Of Loyal has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
190Origination Dollar Volume (All Markets)
$24,420,000Employee count
44Top 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 | 148 | $18,270,000 | $123,446 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 15 | $1,865,000 | $124,333 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 12 | $1,400,000 | $116,667 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $24,420,000 | $128,526 | $0 | 0.00% |
For 2020, Citizens State Bank Of Loyal's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2020, Citizens State Bank Of Loyal's most frequently cited loan purpose was Refi, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $24,420,000 | $128,526 | $0 | 0.00% |
For 2020, Citizens State Bank Of Loyal's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2020 saw Citizens State Bank Of Loyal place emphasis on $100k-200k loans with 87 originations, totaling $12,295,000 in origination value.
Applicant Income
Citizens State Bank Of Loyal lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k or less, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $24,420,000 | $128,526 | $0 | 0.00% |
Citizens State Bank Of Loyal lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 188 | $24,220,000 | $128,830 | $0 | 0.00% |
| Not applicable | 2 | $200,000 | $100,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.43%
Citizens State Bank Of Loyal has an average approval rate.
Pick Rate
Approvals leading to origination91.05%
Citizens State Bank Of Loyal has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $24,420,000 | $128,526 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $230,000 | $38,333 |
| Single Family (1-4 Units):Site-Built | 184 | $24,190,000 | $131,467 |
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 State Bank of Loyal | 103 West Mcmillan Street Marshfield, WI 54449 | Full Service B&M | $24,001 |
| Citizens State Bank of Loyal | 110 Maple Street Granton, WI 54436 | Full Service B&M | $25,001 |
| Citizens State Bank of Loyal | 2 Boon Boulevard Neillsville, WI 54456 | Full Service B&M | $65,153 |
| Citizens State Bank of Loyal | 302 South Pacific Street Spencer, WI 54479 | Full Service B&M | $14,376 |
| Citizens State Bank of Loyal | 400 North Main Street Loyal, WI 54446 | Full Service B&M | $64,799 |
For 2020, Citizens State Bank Of Loyal had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $7,966 |
| Net interest income | $6,859 |
| Total noninterest income | $1,630 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $114 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,516 |
| Pre-tax net operating income | $2,920 |
| Securities gains (or losses, -) | $51 |
| Income before extraordinary items | $2,539 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,539 |
| Minority interest net income | $0 |
| Net income | $2,539 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,495 |
Citizens State Bank Of Loyal's gross interest income from loans was $7,966,000.
Citizens State Bank Of Loyal's net interest income from loans was $6,859,000.
Citizens State Bank Of Loyal's fee based income from loans was $114,000.
Citizens State Bank Of Loyal's net income from loans was $2,539,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,107 |
| Provision for credit losses | $120 |
| Total noninterest expense | $5,449 |
| Salaries and employee benefits | $3,391 |
| Premises and equipment expense | $367 |
| Additional noninterest expense | $1,691 |
| Applicable income taxes | $432 |
| Net charge-offs | $-14 |
| Cash dividends | $1,200 |
Citizens State Bank Of Loyal's interest expense for loans was $1,107,000.
Citizens State Bank Of Loyal's payroll and benefits expense were $3,391,000.
Citizens State Bank Of Loyal's property, plant and equipment expenses $367,000.
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 | 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 | $224,558 |
| Deposits held in domestic offices | $224,558 |
| Deposits by Individuals, partnerships, and corporations | $180,935 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $43,623 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $81,024 |
| Demand deposits | $43,743 |
| Nontransaction accounts | $143,534 |
| Money market deposit accounts (MMDAs) | $84,455 |
| Other savings deposits (excluding MMDAs) | $31,948 |
| Total time deposits | $27,131 |
| Total time and savings deposits | $180,815 |
| Noninterest-bearing deposits | $43,743 |
| Interest-bearing deposits | $180,815 |
| Retail deposits | $222,882 |
| IRAs and Keogh plan accounts | $10,428 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $266,386 |
| Cash & Balances due from depository institutions | $44,774 |
| Interest-bearing balances | $38,335 |
| Total securities | $79,377 |
| Federal funds sold & reverse repurchase | $1,850 |
| Net loans and leases | $127,777 |
| Loan and leases loss allowance | $2,013 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,260 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,348 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $266,386 |
| Total Liabilities | $236,695 |
| Total deposits | $224,558 |
| Interest-bearing deposits | $180,815 |
| Deposits held in domestic offices | $224,558 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,137 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $127,777 |
| Loan and leases loss allowance | $2,013 |
| Total loans and leases (domestic) | $129,790 |
| All real estate loans | $88,639 |
| Real estate loans in domestic offices | $88,639 |
| Construction and development loans | $9,235 |
| Residential 1-4 family construction | $945 |
| Other construction, all land development and other land | $8,290 |
| Loans secured by nonfarm nonresidential properties | $7,456 |
| Nonfarm nonresidential secured by owner-occupied properties | $5,136 |
| Commercial real estate & other non-farm, non-residential | $2,320 |
| Multifamily residential real estate | $88 |
| 1-4 family residential loans | $14,406 |
| Farmland loans | $57,454 |
| Loans held in foreign offices | $0 |
| Farm loans | $16,064 |
| Commercial and industrial loans | $9,836 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $291 |
| Credit card loans | $0 |
| Related Plans | $12 |
| Consumer Auto Loans | $164 |
| Other loans to individuals | $115 |
| All other loans & leases | $14,960 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,792 |
| 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 | $368 |
| Non 1-4 family restructured loans & leases | $74 |
| Total loans and leases (foreign) | $0 |
Citizens State Bank of Loyal had $127,777,000 of loans outstanding in 2020. $88,639,000 of loans were in real estate loans. $9,235,000 of loans were in development loans. $88,000 of loans were in multifamily mortgage loans. $14,406,000 of loans were in 1-4 family mortgage loans. $16,064,000 of loans were in farm loans. $0 of loans were in credit card loans. $164,000 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 | 53 | $5,657 | $106,736 |
| Nonfarm, nonresidential loans - <$100k | 23 | $956 | $41,565 |
| Nonfarm, nonresidential loans - $100-250k | 22 | $2,553 | $116,045 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $2,148 | $268,500 |
| Commercial & Industrial, US addressed loans - <$1MM | 162 | $7,815 | $48,241 |
| Commercial & Industrial, US addressed loans - <$100k | 139 | $2,055 | $14,784 |
| Commercial & Industrial, US addressed loans - $100-250k | 13 | $1,810 | $139,231 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 10 | $3,950 | $395,000 |
| Farmland loans - <$1MM | 146 | $18,713 | $128,171 |
| Farmland loans - <$100k | 47 | $2,093 | $44,532 |
| Farmland loans - $100-250k | 69 | $8,020 | $116,232 |
| Farmland loans - $250k-1MM | 30 | $8,600 | $286,667 |
| Agriculture operations loans - <$1MM | 182 | $10,834 | $59,527 |
| Agriculture operations loans - <$100k | 135 | $3,012 | $22,311 |
| Agriculture operations loans - $100-250k | 28 | $3,250 | $116,071 |
| Agriculture operations loans - $250k-1MM | 19 | $4,572 | $240,632 |