The Citizens Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 5493004EVKOLRF3JI477

Tax ID: 71-0258539

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 (Closing Costs)

    • Bank Data

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

    • Review & 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Batesville, Hot Springs, Fayetteville, Harrison, and Little Rock among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Citizens 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. The Citizens Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    304

    Origination Dollar Volume (All Markets)

    $52,550,000

    Employee count

    181

    Top 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
    Batesville, AR (FHA|USDA|VA) 116 $17,730,000 $152,845 $1,683 5.56%
    HOT SPRINGS, AR (FHA|USDA|VA) 65 $13,185,000 $202,846 $2,216 5.18%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 19 $5,875,000 $309,211 $1,663 5.19%
    Outside of Metro Areas 49 $5,715,000 $116,633 $1,608 5.93%
    Harrison, AR (FHA|USDA|VA) 1 $2,245,000 $2,245,000 $0 4.80%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 11 $2,075,000 $188,636 $1,636 5.25%
    Arkadelphia, AR (FHA|USDA|VA) 16 $1,670,000 $104,375 $1,320 5.36%
    Malvern, AR (FHA|USDA|VA) 8 $950,000 $118,750 $1,989 5.33%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $900,000 $450,000 $0 4.87%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $685,000 $685,000 $0 4.50%
    Searcy, AR (FHA|USDA|VA) 4 $460,000 $115,000 $1,558 5.76%
    PINE BLUFF, AR (FHA|USDA|VA) 5 $415,000 $83,000 $2,311 6.37%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $190,000 $95,000 $1,899 5.07%
    Oxford, MS (FHA|USDA|VA) 1 $165,000 $165,000 $2,966 5.08%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    JONESBORO, AR (FHA|USDA|VA) 1 $85,000 $85,000 $1,914 3.61%
    COLUMBIA, SC (FHA|USDA|VA) 1 $75,000 $75,000 $1,101 5.38%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $15,000 $15,000 $1,027 5.06%
    The Citizens Bank's top markets include Batesville, Hot Springs, Fayetteville, Harrison, and Little Rock among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 301 $52,025,000 $172,841 $1,721 5.49%
    FHA 1 $115,000 $115,000 $1,976 4.38%
    VA 1 $225,000 $225,000 $5,009 3.63%
    USDA 1 $185,000 $185,000 $2,966 4.00%

    For 2018, The Citizens Bank's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 197 $38,985,000 $197,893 $1,929 5.46%
    Refi 73 $11,555,000 $158,288 $1,481 5.35%
    Other 17 $775,000 $45,588 $1,427 6.17%
    Home Improvement 16 $1,110,000 $69,375 $1,327 5.52%
    Cash Out Refi 1 $125,000 $125,000 $2,895 4.63%

    For 2018, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 167 $20,375,000 $122,006 $1,624 5.66%
    5 Year 70 $11,230,000 $160,429 $0 5.46%
    3 Year 27 $4,065,000 $150,556 $0 5.30%
    10 Year 12 $12,600,000 $1,050,000 $2,676 4.85%
    20 Year 9 $1,565,000 $173,889 $2,851 5.09%
    1 Year 8 $1,100,000 $137,500 $1,941 5.19%
    30 Year 7 $1,285,000 $183,571 $3,311 4.04%
    15 Year 4 $330,000 $82,500 $0 5.13%

    For 2018, The Citizens Bank's most frequently cited loan duration was Other, with 167 originations. The 2nd most popular length was 5 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 137 $13,975,000 $102,007
    $1k-2k 21 $3,985,000 $189,762
    $2k-3k 5 $1,425,000 $285,000
    $3k-4k 3 $1,505,000 $501,667
    $4k-5k 1 $1,405,000 $1,405,000

    The Citizens Bank's average total fees were $3,311, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 168 $21,260,000 $126,548
    4-5% 84 $26,780,000 $318,810
    6-7% 24 $2,200,000 $91,667
    7-8% 12 $700,000 $58,333
    Over 8% 9 $525,000 $58,333
    3-4% 7 $1,085,000 $155,000

    During 2018, The Citizens Bank's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 5-6%, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 176 $9,320,000 $52,955 $1,394 5.70%
    $100k-200k 70 $10,100,000 $144,286 $2,014 5.23%
    $200k-400k 37 $9,435,000 $255,000 $2,319 5.20%
    $600k-1MM 9 $6,485,000 $720,556 $3,888 5.08%
    $400k-600k 7 $3,335,000 $476,429 $2,464 4.84%
    $1MM+ 5 $13,875,000 $2,775,000 $2,679 4.83%

    2018 saw The Citizens Bank place emphasis on $100,000 or less loans with 176 originations, totaling $9,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $3,915,000 $58,433 $1,439 5.85%
    $50k-75k 48 $4,180,000 $87,083 $1,593 5.66%
    $100k-150k 38 $5,460,000 $143,684 $2,206 5.30%
    $75k-100k 32 $2,620,000 $81,875 $1,586 5.65%
    $250k+ 27 $7,015,000 $259,815 $2,524 5.37%
    $150k-250k 26 $5,900,000 $226,923 $1,912 5.26%

    The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $6,740,000 $124,815 $1,816 5.40%
    <20% 37 $3,655,000 $98,784 $1,537 5.68%
    30-36% 31 $5,105,000 $164,677 $1,928 5.59%
    37% 7 $555,000 $79,286 $1,524 5.69%
    36% 7 $1,095,000 $156,429 $1,677 5.63%
    38% 5 $515,000 $103,000 $1,778 5.28%
    42% 5 $875,000 $175,000 $2,142 6.12%
    39% 4 $460,000 $115,000 $1,318 7.02%
    >60% 3 $715,000 $238,333 $2,677 6.19%
    43% 3 $545,000 $181,667 $2,088 5.37%
    50-60% 3 $205,000 $68,333 $1,449 5.88%
    44% 2 $290,000 $145,000 $1,964 6.03%
    40% 2 $240,000 $120,000 $1,209 4.74%
    46% 1 $115,000 $115,000 $1,976 4.38%
    47% 1 $1,005,000 $1,005,000 $0 4.29%
    48% 1 $145,000 $145,000 $2,363 5.06%
    41% 1 $35,000 $35,000 $826 5.56%

    The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? <20%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 237 $28,975,000 $122,257 $1,740 5.56%
    Not applicable 56 $21,460,000 $383,214 $0 5.12%
    Asian 6 $1,820,000 $303,333 $2,106 5.36%
    Black 2 $180,000 $90,000 $0 5.13%
    American Indian 2 $80,000 $40,000 $1,507 5.82%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    89.46%

    The Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.93%

    The Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 304 $52,550,000 $172,862

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 20 $16,980,000 $849,000
    Single Family (1-4 Units):Manufactured 22 $820,000 $37,273
    Single Family (1-4 Units):Site-Built 262 $34,750,000 $132,634

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $2,335,000 $86,481 $1,293 6.02%
    40-60% 33 $2,745,000 $83,182 $1,235 5.53%
    60-80% 87 $14,315,000 $164,540 $1,661 5.59%
    80-100% 146 $31,380,000 $214,932 $1,967 5.29%
    Over 100% 1 $1,405,000 $1,405,000 $5,358 4.99%
    Under 20% 10 $370,000 $37,000 $1,268 5.53%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Citizens Bank 103 West Third Street Imboden, AR 72434 Full Service B&M $19,582
    The Citizens Bank 123 Main Street Crossett, AR 71635 Full Service B&M $13,042
    The Citizens Bank 150 Airport Road Hot Springs, AR 71913 Full Service B&M $64,813
    The Citizens Bank 1676 East Joyce Blvd Fayetteville, AR 72703 Full Service B&M $22,041
    The Citizens Bank 2 Eagle Mountain Blvd Batesville, AR 72501 Full Service B&M $21,007
    The Citizens Bank 200 South 3rd Street Batesville, AR 72501 Full Service B&M $328,393
    The Citizens Bank 201 South Main Street Cave City, AR 72521 Full Service B&M $20,936
    The Citizens Bank 217 North Main Street Portland, AR 71663 Full Service B&M $28,601
    The Citizens Bank 2710 Pine Street Arkadelphia, AR 71923 Full Service B&M $24,103
    The Citizens Bank 325 East Boswell Street Batesville, AR 72501 Limited, Drive-thru $0
    The Citizens Bank 329 Highway 425 North Monticello, AR 71655 Full Service B&M $1,344
    The Citizens Bank 3350 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $23,710
    The Citizens Bank 3971 West Wedington Drive Fayetteville, AR 72704 Full Service B&M $4,919
    The Citizens Bank 411 Sylamore Avenue Mountain View, AR 72560 Full Service B&M $26,626
    The Citizens Bank 4429 Central Avenue, Suite C Hot Springs, AR 71913 Full Service B&M $11,595
    The Citizens Bank 480 St Louis Street Batesville, AR 72501 Full Service B&M $6,492
    The Citizens Bank 555 West Gaines Street Monticello, AR 71655 Full Service B&M $48,525
    The Citizens Bank 5736 Blackland Road Pleasant Plains, AR 72568 Full Service B&M $23,396
    The Citizens Bank 805 Batesville Blvd Batesville, AR 72501 Full Service B&M $18,054

    For 2018, The Citizens Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,798
    Net interest income $29,143
    Total noninterest income $5,199
    Gross Fiduciary activities income $459
    Service charges on deposit accounts $2,062
    Trading account gains and fees $0
    Additional Noninterest Income $2,678
    Pre-tax net operating income $9,227
    Securities gains (or losses, -) $10
    Income before extraordinary items $7,387
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,387
    Minority interest net income $0
    Net income $7,387
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,379

    The Citizens Bank's gross interest income from loans was $35,798,000.
    The Citizens Bank's net interest income from loans was $29,143,000.
    The Citizens Bank's fee based income from loans was $2,062,000.
    The Citizens Bank's net income from loans was $7,387,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,655
    Provision for credit losses $1,250
    Total noninterest expense $23,865
    Salaries and employee benefits $14,031
    Premises and equipment expense $2,659
    Additional noninterest expense $7,175
    Applicable income taxes $1,850
    Net charge-offs $993
    Cash dividends $5,870

    The Citizens Bank's interest expense for loans was $6,655,000.
    The Citizens Bank's payroll and benefits expense were $14,031,000.
    The Citizens Bank's property, plant and equipment expenses $2,659,000.

    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 0.0%
    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 $744,754
    Deposits held in domestic offices $744,754
    Deposits by Individuals, partnerships, and corporations $597,331
    Deposits by U.S. Government $200
    Deposits by States and political subdivisions in the U.S. $131,701
    Deposits by Commercial banks and other depository institutions in U.S. $15,522
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $53,477
    Demand deposits $15,541
    Nontransaction accounts $691,277
    Money market deposit accounts (MMDAs) $78,729
    Other savings deposits (excluding MMDAs) $308,714
    Total time deposits $303,835
    Total time and savings deposits $729,213
    Noninterest-bearing deposits $72,501
    Interest-bearing deposits $672,253
    Retail deposits $635,577
    IRAs and Keogh plan accounts $49,385
    Brokered deposits $8,100
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $856,029
    Cash & Balances due from depository institutions $17,175
    Interest-bearing balances $8,186
    Total securities $123,552
    Federal funds sold & reverse repurchase $0
    Net loans and leases $652,538
    Loan and leases loss allowance $10,149
    Trading account assets $0
    Bank premises and fixed assets $35,202
    Other real estate owned $700
    Goodwill and other intangibles $12,989
    All other assets $13,873

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $856,029
    Total Liabilities $773,128
    Total deposits $744,754
    Interest-bearing deposits $672,253
    Deposits held in domestic offices $744,754
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $4,939
    Trading liabilities $0
    Other borrowed funds $20,816
    Subordinated debt $0
    All other liabilities $2,619

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $652,538
    Loan and leases loss allowance $10,149
    Total loans and leases (domestic) $662,687
    All real estate loans $526,814
    Real estate loans in domestic offices $526,814
    Construction and development loans $56,566
    Residential 1-4 family construction $9,276
    Other construction, all land development and other land $47,290
    Loans secured by nonfarm nonresidential properties $200,410
    Nonfarm nonresidential secured by owner-occupied properties $103,203
    Commercial real estate & other non-farm, non-residential $97,207
    Multifamily residential real estate $22,416
    1-4 family residential loans $174,985
    Farmland loans $72,437
    Loans held in foreign offices $0
    Farm loans $20,723
    Commercial and industrial loans $67,474
    To non-U.S. addressees $0
    Loans to individuals $24,604
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,683
    Other loans to individuals $17,921
    All other loans & leases $23,071
    Loans to foreign governments and official institutions $0
    Other loans $6,573
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $816
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,272
    Non 1-4 family restructured loans & leases $3,097
    Total loans and leases (foreign) $0

    The Citizens Bank had $652,538,000 of loans outstanding in 2018. $526,814,000 of loans were in real estate loans. $56,566,000 of loans were in development loans. $22,416,000 of loans were in multifamily mortgage loans. $174,985,000 of loans were in 1-4 family mortgage loans. $20,723,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,683,000 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 330 $63,259 $191,694
    Nonfarm, nonresidential loans - <$100k 113 $4,707 $41,655
    Nonfarm, nonresidential loans - $100-250k 104 $13,063 $125,606
    Nonfarm, nonresidential loans - $250k-1MM 113 $45,489 $402,558
    Commercial & Industrial, US addressed loans - <$1MM 542 $32,868 $60,642
    Commercial & Industrial, US addressed loans - <$100k 413 $9,058 $21,932
    Commercial & Industrial, US addressed loans - $100-250k 75 $7,710 $102,800
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $16,100 $298,148
    Farmland loans - <$1MM 101 $12,002 $118,832
    Farmland loans - <$100k 46 $1,933 $42,022
    Farmland loans - $100-250k 39 $5,398 $138,410
    Farmland loans - $250k-1MM 16 $4,671 $291,938
    Agriculture operations loans - <$1MM 210 $7,835 $37,310
    Agriculture operations loans - <$100k 180 $3,604 $20,022
    Agriculture operations loans - $100-250k 24 $2,370 $98,750
    Agriculture operations loans - $250k-1MM 6 $1,861 $310,167