City State Bank Mortgage Rates, Fees & Info
Norwalk, IALEI: 5493003Y4D5054GY3J13
Tax ID: 42-0443990
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
City State Bank is a smaller bank specializing in Home Purchase loans. City State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Spirit Lake, Ames, Knoxville, and Breckenridge among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)City 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
71Origination Dollar Volume (All Markets)
$21,445,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 46 | $12,310,000 | $267,609 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $3,885,000 | $3,885,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,275,000 | $175,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $21,445,000 | $302,042 | $0 | 0.00% |
For 2023, City State Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2023, City State Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $21,445,000 | $302,042 | $0 | 0.00% |
For 2023, City State Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2023 saw City State Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,525,000 in origination value.
Applicant Income
City State Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $21,445,000 | $302,042 | $0 | 0.00% |
City State Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.90%
City State Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.42%
City State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $21,445,000 | $302,042 |