City State Bank Mortgage Rates, Fees & Info
Norwalk, IALEI: 5493003Y4D5054GY3J13
Tax ID: 42-0443990
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Mortgage Data
Review & Overview
City State Bank is a smaller bank specializing in Home Purchase and Refi loans. City State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, and Spirit Lake among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)City 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
85Origination Dollar Volume (All Markets)
$17,795,000Top 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) | 67 | $15,785,000 | $235,597 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 11 | $1,375,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $600,000 | $100,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $17,795,000 | $209,353 | $0 | 0.00% |
For 2018, City State Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2018, City State Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $17,795,000 | $209,353 | $0 | 0.00% |
For 2018, City State Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2018 saw City State Bank place emphasis on $100,000 or less loans with 50 originations, totaling $2,670,000 in origination value.
Applicant Income
City State Bank lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $17,795,000 | $209,353 | $0 | 0.00% |
City State Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.89%
City State Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.59%
City State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $17,795,000 | $209,353 |