The Citizens Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 5493004EVKOLRF3JI477

Tax ID: 71-0258539

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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