The Citizens Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 5493004EVKOLRF3JI477

Tax ID: 71-0258539

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $43,815
Net interest income $39,523
Total noninterest income $5,346
Gross Fiduciary activities income $495
Service charges on deposit accounts $1,679
Trading account gains and fees $0
Additional Noninterest Income $3,172
Pre-tax net operating income $13,764
Securities gains (or losses, -) $38
Income before extraordinary items $10,932
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $10,932
Minority interest net income $0
Net income $10,932
Sale, conversion, retirement of capital stock, net $0
Net operating income $10,901

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.

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 1.0%
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 $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