The Citizens Bank Mortgage Rates, Fees & Info
Batesville, AR
LEI: 5493004EVKOLRF3JI477
Tax ID: 71-0258539
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Mortgage Data
Bank Data
Overview
The Citizens Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
The Citizens Bank has a high proportion of conventional loans.
Their top markets include Fayetteville, Little Rock, Batesville, Arkadelphia, and Hot Springs among others. The Citizens Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
218
Origination Dollar Volume (All Markets)
$89,210,000
Employee count
209
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)
|
36
|
$44,620,000 |
$1,239,444 |
$1,801 |
4.06% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)
|
35
|
$14,895,000 |
$425,571 |
$4,791 |
4.08% |
Batesville, AR (FHA|USDA|VA)
|
81
|
$11,495,000 |
$141,914 |
$1,515 |
4.49% |
Arkadelphia, AR (FHA|USDA|VA)
|
5
|
$7,255,000 |
$1,451,000 |
$2,182 |
4.28% |
Outside of Metro Areas
|
32 |
$5,340,000 |
$166,875 |
$2,048 |
4.92% |
HOT SPRINGS, AR (FHA|USDA|VA)
|
14
|
$2,590,000 |
$185,000 |
$1,267 |
4.53% |
Searcy, AR (FHA|USDA|VA)
|
1
|
$625,000 |
$625,000 |
$4,832 |
4.10% |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
2
|
$510,000 |
$255,000 |
$0 |
4.50% |
JONESBORO, AR (FHA|USDA|VA)
|
2
|
$450,000 |
$225,000 |
$3,941 |
4.16% |
FORT SMITH, AR-OK (FHA|USDA|VA)
|
3
|
$345,000 |
$115,000 |
$0 |
4.23% |
TEXARKANA, TX-AR (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$3,710 |
7.37% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$0 |
4.50% |
Paragould, AR (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$0 |
4.00% |
Russellville, AR (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$0 |
4.00% |
Malvern, AR (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$2,341 |
7.03% |
Branson, MO (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$0 |
4.75% |
PINE BLUFF, AR (FHA|USDA|VA)
|
1
|
$45,000 |
$45,000 |
$1,429 |
8.78% |
The Citizens Bank's top markets include Fayetteville, Little Rock, Batesville, Arkadelphia, and Hot Springs among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
218 |
$89,210,000 |
$409,220 |
$1,881 |
4.45% |
For the 2021 period, The Citizens Bank's most frequently
originated loan type
of loans were Conventional, with 218 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
156 |
$68,330,000 |
$438,013 |
$2,111 |
4.43% |
Refi |
51 |
$20,365,000 |
$399,314 |
$1,519 |
4.29% |
Home Improvement |
6 |
$300,000 |
$50,000 |
$1,329 |
5.78% |
Other |
5 |
$215,000 |
$43,000 |
$1,212 |
4.87% |
For the 2021, The Citizens Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 156
originations.
The 2nd most popular reason of loans were Refi,
with 51 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Other |
105 |
$33,345,000 |
$317,571 |
$1,872 |
4.78% |
5 Year |
88 |
$20,100,000 |
$228,409 |
$0 |
4.15% |
10 Year |
10 |
$8,120,000 |
$812,000 |
$2,628 |
3.72% |
20 Year |
7 |
$2,215,000 |
$316,429 |
$0 |
4.27% |
3 Year |
5 |
$24,955,000 |
$4,991,000 |
$0 |
3.95% |
1 Year |
2 |
$340,000 |
$170,000 |
$0 |
5.14% |
15 Year |
1 |
$135,000 |
$135,000 |
$0 |
5.00% |
For the 2021, The Citizens Bank's most frequently cited loan
length
of loans were Other, with 105 originations.
The 2nd most popular length of loans were 5 Year,
with 88 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
65 |
$7,555,000 |
$116,231 |
$1k-2k |
14 |
$2,700,000 |
$192,857 |
$2k-3k |
2 |
$750,000 |
$375,000 |
$3k-4k |
1 |
$625,000 |
$625,000 |
$5k+ |
1 |
$1,175,000 |
$1,175,000 |
$0 of loans were The Citizens Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 65 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
4-5% |
110 |
$17,980,000 |
$163,455 |
3-4% |
74 |
$66,950,000 |
$904,730 |
5-6% |
19 |
$1,475,000 |
$77,632 |
7-8% |
9 |
$895,000 |
$99,444 |
Over 8% |
3 |
$155,000 |
$51,667 |
2.5-3% |
2 |
$1,730,000 |
$865,000 |
6-7% |
1 |
$25,000 |
$25,000 |
During 2021, The Citizens Bank's average interest
rate of loans were 0.00%, while their
most frequently originated rate bucket of loans were 4-5%,
with 110 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100,000 or less |
82 |
$4,970,000 |
$60,610 |
$1,351 |
4.87% |
$100k-200k |
69 |
$10,015,000 |
$145,145 |
$2,090 |
4.42% |
$200k-400k |
34 |
$8,950,000 |
$263,235 |
$2,112 |
4.07% |
$1MM+ |
14 |
$52,880,000 |
$3,777,143 |
$9,077 |
3.76% |
$600k-1MM |
11 |
$8,525,000 |
$775,000 |
$3,563 |
3.86% |
$400k-600k |
8 |
$3,870,000 |
$483,750 |
$2,487 |
4.00% |
2021 saw The Citizens Bank place emphasis on
$100,000 or less loans
with 82 originations, totaling
$4,970,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$50k-75k |
32 |
$3,060,000 |
$95,625 |
$1,767 |
4.84% |
$50k or less |
26 |
$1,970,000 |
$75,769 |
$1,444 |
5.30% |
$250k+ |
23 |
$7,195,000 |
$312,826 |
$3,668 |
4.14% |
$100k-150k |
22 |
$4,080,000 |
$185,455 |
$2,113 |
4.72% |
$150k-250k |
22 |
$4,210,000 |
$191,364 |
$1,274 |
4.23% |
$75k-100k |
17 |
$2,345,000 |
$137,941 |
$1,958 |
4.63% |
The Citizens Bank lent most frequently to those with incomes in the
$50k-75k range, with
32 originations.
The second most popular income band? $50k or less,
with 26 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
25 |
$4,265,000 |
$170,600 |
$1,776 |
4.73% |
<20% |
16 |
$3,180,000 |
$198,750 |
$2,102 |
4.76% |
30-36% |
15 |
$1,325,000 |
$88,333 |
$1,691 |
4.92% |
36% |
5 |
$395,000 |
$79,000 |
$1,622 |
5.33% |
38% |
5 |
$1,065,000 |
$213,000 |
$1,673 |
5.46% |
37% |
4 |
$450,000 |
$112,500 |
$1,570 |
5.38% |
43% |
4 |
$700,000 |
$175,000 |
$2,382 |
5.71% |
40% |
2 |
$450,000 |
$225,000 |
$3,106 |
4.29% |
44% |
2 |
$290,000 |
$145,000 |
$2,429 |
4.45% |
>60% |
1 |
$155,000 |
$155,000 |
$1,234 |
4.38% |
41% |
1 |
$125,000 |
$125,000 |
$2,254 |
5.46% |
42% |
1 |
$155,000 |
$155,000 |
$2,182 |
3.97% |
49% |
1 |
$205,000 |
$205,000 |
$2,501 |
4.10% |
50-60% |
1 |
$45,000 |
$45,000 |
$1,419 |
7.43% |
The Citizens Bank lent most frequently to those with DTI ratios
of 20-30%, with
25 originations.
The next most common DTI ratio? <20%,
with 16 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Not applicable |
74 |
$66,030,000 |
$892,297 |
$0 |
3.98% |
White |
134 |
$20,450,000 |
$152,612 |
$1,738 |
4.68% |
Black |
5 |
$2,005,000 |
$401,000 |
$6,394 |
5.04% |
Asian |
3 |
$605,000 |
$201,667 |
$3,023 |
4.25% |
American Indian |
1 |
$85,000 |
$85,000 |
$1,599 |
4.02% |
Native Hawaiian |
1 |
$35,000 |
$35,000 |
$1,719 |
5.43% |
Approval Rates
Total approvals of all applications
89.03%
The Citizens Bank has an average approval rate.
Pick Rate
Approvals leading to origination
79.34%
The Citizens Bank has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
218 |
$89,210,000 |
$409,220 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
218 |
$89,210,000 |
$409,220 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
16 |
$7,940,000 |
$496,250 |
$1,444 |
4.83% |
40-60% |
19 |
$3,665,000 |
$192,895 |
$1,195 |
4.27% |
60-80% |
73 |
$50,875,000 |
$696,918 |
$1,623 |
4.41% |
80-100% |
103 |
$24,565,000 |
$238,495 |
$2,281 |
4.42% |
Over 100% |
1 |
$265,000 |
$265,000 |
$0 |
4.25% |
Under 20% |
6 |
$1,900,000 |
$316,667 |
$1,220 |
4.83% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
The Citizens Bank |
3350 Pinnacle Hills Parkway Rogers, AR 72758 |
Full Service B&M
|
$27,006 |
The Citizens Bank |
103 West Third Street Imboden, AR 72434 |
Full Service B&M
|
$21,393 |
The Citizens Bank |
123 Main Street Crossett, AR 71635 |
Full Service B&M
|
$0 |
The Citizens Bank |
150 Airport Road Hot Springs, AR 71913 |
Full Service B&M
|
$16,152 |
The Citizens Bank |
1676 East Joyce Blvd Fayetteville, AR 72703 |
Full Service B&M
|
$20,764 |
The Citizens Bank |
1698 Higdon Ferry Road Hot Springs, AR 71913 |
Full Service B&M
|
$14,219 |
The Citizens Bank |
17300 Chenal Parkway, Suite 320 Little Rock, AR 72223 |
Full Service B&M
|
$174,275 |
The Citizens Bank |
2 Eagle Mountain Blvd Batesville, AR 72501 |
Full Service B&M
|
$29,194 |
The Citizens Bank |
200 South Third Street Batesville, AR 72501 |
Limited, Drive-thru
|
$366 |
The Citizens Bank |
201 South Main Street Cave City, AR 72521 |
Full Service B&M
|
$18,578 |
The Citizens Bank |
217 North Main Street Portland, AR 71663 |
Full Service B&M
|
$34,737 |
The Citizens Bank |
236 Hwy 425n Monticello, AR 71655 |
Full Service B&M
|
$62,033 |
The Citizens Bank |
2710 Pine Street Arkadelphia, AR 71923 |
Full Service B&M
|
$49,789 |
The Citizens Bank |
325 East Boswell Street Batesville, AR 72501 |
Limited, Drive-thru
|
$0 |
The Citizens Bank |
3971 West Wedington Drive Fayetteville, AR 72704 |
Full Service B&M
|
$26,202 |
The Citizens Bank |
411 Sylamore Avenue Mountain View, AR 72560 |
Full Service B&M
|
$31,653 |
The Citizens Bank |
4429 Central Avenue, Suite C Hot Springs, AR 71913 |
Full Service B&M
|
$12,160 |
The Citizens Bank |
5736 Blackland Road Pleasant Plains, AR 72568 |
Full Service B&M
|
$27,951 |
The Citizens Bank |
655 Saint Louis Street Batesville, AR 72501 |
Full Service B&M
|
$445,671 |
The Citizens Bank |
8000 Cantrell Road Little Rock, AR 72227 |
Full Service B&M
|
$11,975 |
The Citizens Bank |
805 Batesville Blvd Batesville, AR 72501 |
Full Service B&M
|
$23,336 |
For 2021, The Citizens Bank had 21 branches.
Yearly Performance Overview
Bank Income
The Citizens Bank's gross interest income from loans was $43,815,000.
The Citizens Bank's net interest income from loans was $39,523,000.
The Citizens Bank's fee based income from loans was $1,679,000.
The Citizens Bank's net income from loans was $10,932,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$4,292 |
Provision for credit losses |
$2,200 |
Total noninterest expense |
$28,905 |
Salaries and employee benefits |
$16,774 |
Premises and equipment expense |
$3,977 |
Additional noninterest expense |
$8,154 |
Applicable income taxes |
$2,870 |
Net charge-offs |
$-164 |
Cash dividends |
$3,000 |
The Citizens Bank's interest expense for loans was $4,292,000.
The Citizens Bank's payroll and benefits expense were $16,774,000.
The Citizens Bank's property, plant and equipment expenses $3,977,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$1,084,061 |
Deposits held in domestic offices |
$1,084,061 |
Deposits by Individuals, partnerships, and corporations |
$837,783 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$241,801 |
Deposits by Commercial banks and other depository institutions in U.S. |
$4,477 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$367,162 |
Demand deposits |
$236,805 |
Nontransaction accounts |
$716,899 |
Money market deposit accounts (MMDAs) |
$195,119 |
Other savings deposits (excluding MMDAs) |
$374,035 |
Total time deposits |
$147,746 |
Total time and savings deposits |
$847,256 |
Noninterest-bearing deposits |
$150,488 |
Interest-bearing deposits |
$933,573 |
Retail deposits |
$1,047,420 |
IRAs and Keogh plan accounts |
$36,841 |
Brokered deposits |
$280 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$1,231,643 |
Cash & Balances due from depository institutions |
$140,562 |
Interest-bearing balances |
$126,651 |
Total securities |
$123,750 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$888,403 |
Loan and leases loss allowance |
$13,699 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$39,616 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$12,891 |
All other assets |
$26,421 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$1,231,643 |
Total Liabilities |
$1,114,684 |
Total deposits |
$1,084,061 |
Interest-bearing deposits |
$933,573 |
Deposits held in domestic offices |
$1,084,061 |
% insured (estimated) |
$72 |
Federal funds purchased and repurchase agreements |
$2,618 |
Trading liabilities |
$0 |
Other borrowed funds |
$25,894 |
Subordinated debt |
$0 |
All other liabilities |
$2,111 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$888,403 |
Loan and leases loss allowance |
$13,699 |
Total loans and leases (domestic) |
$902,102 |
All real estate loans |
$782,772 |
Real estate loans in domestic offices |
$782,772 |
Construction and development loans |
$88,025 |
Residential 1-4 family construction |
$28,263 |
Other construction, all land development and other land |
$59,762 |
Loans secured by nonfarm nonresidential properties |
$382,109 |
Nonfarm nonresidential secured by owner-occupied properties |
$146,343 |
Commercial real estate & other non-farm, non-residential |
$235,766 |
Multifamily residential real estate |
$60,446 |
1-4 family residential loans |
$191,019 |
Farmland loans |
$61,173 |
Loans held in foreign offices |
$0 |
Farm loans |
$14,536 |
Commercial and industrial loans |
$65,961 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$19,809 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$5,331 |
Other loans to individuals |
$14,478 |
All other loans & leases |
$19,025 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$7,869 |
Loans to depository institutions and acceptances of other banks |
$0 |
Loans not secured by real estate |
$980 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$1,616 |
Non 1-4 family restructured loans & leases |
$1,199 |
Total loans and leases (foreign) |
$0 |
The Citizens Bank had $888,403,000 of loans outstanding in 2021. $782,772,000 of loans were in real estate loans.
$88,025,000 of loans were in development loans. $60,446,000 of loans were in multifamily mortgage loans.
$191,019,000 of loans were in 1-4 family mortgage loans. $14,536,000 of loans were in farm loans. $0
of loans were in credit card loans. $5,331,000 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 |
345 |
$75,757 |
$219,586 |
Nonfarm, nonresidential loans - <$100k |
106 |
$4,021 |
$37,934 |
Nonfarm, nonresidential loans - $100-250k |
98 |
$12,703 |
$129,622 |
Nonfarm, nonresidential loans - $250k-1MM |
141 |
$59,033 |
$418,674 |
Commercial & Industrial, US addressed loans - <$1MM |
530 |
$32,750 |
$61,792 |
Commercial & Industrial, US addressed loans - <$100k |
397 |
$8,354 |
$21,043 |
Commercial & Industrial, US addressed loans - $100-250k |
78 |
$8,014 |
$102,744 |
Commercial & Industrial, US addressed loans - $250k-1MM |
55 |
$16,382 |
$297,855 |
Farmland loans - <$1MM |
96 |
$11,441 |
$119,177 |
Farmland loans - <$100k |
42 |
$2,131 |
$50,738 |
Farmland loans - $100-250k |
33 |
$3,714 |
$112,545 |
Farmland loans - $250k-1MM |
21 |
$5,596 |
$266,476 |
Agriculture operations loans - <$1MM |
222 |
$7,269 |
$32,743 |
Agriculture operations loans - <$100k |
194 |
$3,790 |
$19,536 |
Agriculture operations loans - $100-250k |
22 |
$1,934 |
$87,909 |
Agriculture operations loans - $250k-1MM |
6 |
$1,545 |
$257,500 |