The Citizens Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 5493004EVKOLRF3JI477

Tax ID: 71-0258539

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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 (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. Their top markets by origination volume include: Jonesboro, Batesville, Hot Springs, Arkadelphia, and Fayetteville among others. We have data for 12 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.

    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.

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    Originations

    207

    Origination Dollar Volume (All Markets)

    $40,485,000

    Employee count

    198

    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
    JONESBORO, AR (FHA|USDA|VA) 2 $16,210,000 $8,105,000 $0 4.97%
    Batesville, AR (FHA|USDA|VA) 103 $9,125,000 $88,592 $1,436 6.19%
    HOT SPRINGS, AR (FHA|USDA|VA) 28 $4,280,000 $152,857 $1,572 5.63%
    Outside of Metro Areas 38 $4,180,000 $110,000 $1,716 6.46%
    Arkadelphia, AR (FHA|USDA|VA) 9 $2,205,000 $245,000 $1,596 5.86%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 12 $2,030,000 $169,167 $2,315 5.52%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 6 $1,720,000 $286,667 $2,014 5.65%
    Searcy, AR (FHA|USDA|VA) 2 $430,000 $215,000 $2,171 5.38%
    Malvern, AR (FHA|USDA|VA) 3 $135,000 $45,000 $1,987 5.57%
    Harrison, AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
    PINE BLUFF, AR (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.25%
    Paragould, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
    The Citizens Bank's top markets include Jonesboro, Batesville, Hot Springs, Arkadelphia, and Fayetteville among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 207 $40,485,000 $195,580 $1,554 6.06%

    For 2019, The Citizens Bank's most frequently originated type of loan was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $19,650,000 $153,516 $1,747 6.01%
    Refi 51 $19,585,000 $384,020 $1,477 5.96%
    Home Improvement 16 $900,000 $56,250 $1,257 6.27%
    Other 12 $350,000 $29,167 $1,142 6.75%

    For 2019, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $16,010,000 $127,063 $1,589 6.18%
    5 Year 49 $4,625,000 $94,388 $932 5.95%
    3 Year 20 $18,430,000 $921,500 $1,199 5.76%
    1 Year 4 $520,000 $130,000 $0 5.56%
    20 Year 3 $605,000 $201,667 $0 5.67%
    15 Year 3 $185,000 $61,667 $0 5.83%
    10 Year 2 $110,000 $55,000 $846 6.05%

    For 2019, The Citizens Bank's most frequently cited loan duration was Other, with 126 originations. The 2nd most popular length was 5 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 89 $8,395,000 $94,326
    $1k-2k 15 $3,265,000 $217,667
    $2k-3k 2 $720,000 $360,000

    The Citizens Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 118 $19,390,000 $164,322
    6-7% 42 $2,390,000 $56,905
    4-5% 15 $16,055,000 $1,070,333
    Over 8% 15 $725,000 $48,333
    7-8% 14 $1,250,000 $89,286
    3-4% 3 $675,000 $225,000

    During 2019, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 130 $6,360,000 $48,923 $1,240 6.29%
    $100k-200k 41 $5,845,000 $142,561 $1,848 5.91%
    $200k-400k 26 $7,630,000 $293,462 $2,170 5.42%
    $400k-600k 4 $1,820,000 $455,000 $2,897 5.07%
    $600k-1MM 4 $2,620,000 $655,000 $3,086 5.60%
    $1MM+ 2 $16,210,000 $8,105,000 $0 4.97%

    2019 saw The Citizens Bank place emphasis on $100,000 or less loans with 130 originations, totaling $6,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 42 $1,910,000 $45,476 $1,233 6.78%
    $100k-150k 35 $3,195,000 $91,286 $1,675 6.08%
    $50k-75k 27 $2,225,000 $82,407 $1,493 6.20%
    $150k-250k 19 $3,575,000 $188,158 $2,168 5.68%
    $250k+ 19 $3,845,000 $202,368 $1,973 5.75%
    $75k-100k 18 $1,300,000 $72,222 $1,309 6.15%

    The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $4,640,000 $116,000 $1,589 6.27%
    30-36% 22 $2,260,000 $102,727 $1,654 6.20%
    <20% 20 $1,980,000 $99,000 $1,398 5.92%
    36% 5 $735,000 $147,000 $1,248 6.54%
    50-60% 4 $460,000 $115,000 $1,549 6.77%
    39% 3 $375,000 $125,000 $1,906 5.75%
    >60% 2 $650,000 $325,000 $2,431 5.64%
    38% 2 $220,000 $110,000 $986 5.12%
    47% 2 $250,000 $125,000 $1,142 5.51%
    44% 1 $55,000 $55,000 $1,339 9.96%
    45% 1 $265,000 $265,000 $3,557 7.29%
    46% 1 $315,000 $315,000 $942 7.28%
    40% 1 $115,000 $115,000 $1,375 6.28%
    41% 1 $45,000 $45,000 $1,332 7.28%
    42% 1 $15,000 $15,000 $982 9.44%

    The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $22,570,000 $537,381 $0 5.54%
    White 160 $17,310,000 $108,188 $1,559 6.19%
    Black 3 $475,000 $158,333 $1,311 5.87%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 6.25%
    Asian 1 $45,000 $45,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    86.62%

    The Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.88%

    The Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 207 $40,485,000 $195,580

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $395,000 $395,000
    Multifamily:Site-Built 12 $20,360,000 $1,696,667
    Single Family (1-4 Units):Manufactured 23 $865,000 $37,609
    Single Family (1-4 Units):Site-Built 171 $18,865,000 $110,322

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $1,840,000 $83,636 $1,219 6.44%
    40-60% 28 $15,970,000 $570,357 $1,412 6.12%
    60-80% 53 $5,465,000 $103,113 $1,545 6.37%
    80-100% 88 $16,720,000 $190,000 $1,802 5.79%
    Under 20% 16 $490,000 $30,625 $1,041 5.89%

    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 $21,587
    The Citizens Bank 123 Main Street Crossett, AR 71635 Full Service B&M $17,258
    The Citizens Bank 150 Airport Road Hot Springs, AR 71913 Full Service B&M $22,976
    The Citizens Bank 1676 East Joyce Blvd Fayetteville, AR 72703 Full Service B&M $23,828
    The Citizens Bank 1698 Higdon Ferry Road Hot Springs, AR 71913 Full Service B&M $3,537
    The Citizens Bank 17300 Chenal Parkway, Suite 320 Little Rock, AR 72223 Full Service B&M $1,851
    The Citizens Bank 2 Eagle Mountain Blvd Batesville, AR 72501 Full Service B&M $24,426
    The Citizens Bank 200 South Third Street Batesville, AR 72501 Limited, Drive-thru $248
    The Citizens Bank 201 South Main Street Cave City, AR 72521 Full Service B&M $16,944
    The Citizens Bank 217 North Main Street Portland, AR 71663 Full Service B&M $29,674
    The Citizens Bank 2710 Pine Street Arkadelphia, AR 71923 Full Service B&M $29,298
    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 $2,143
    The Citizens Bank 3350 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $25,371
    The Citizens Bank 3971 West Wedington Drive Fayetteville, AR 72704 Full Service B&M $16,229
    The Citizens Bank 411 Sylamore Avenue Mountain View, AR 72560 Full Service B&M $29,057
    The Citizens Bank 4429 Central Avenue, Suite C Hot Springs, AR 71913 Full Service B&M $13,029
    The Citizens Bank 555 West Gaines Street Monticello, AR 71655 Full Service B&M $39,553
    The Citizens Bank 5736 Blackland Road Pleasant Plains, AR 72568 Full Service B&M $22,306
    The Citizens Bank 655 Saint Louis Street Batesville, AR 72501 Full Service B&M $377,083
    The Citizens Bank 805 Batesville Blvd Batesville, AR 72501 Full Service B&M $18,735

    For 2019, The Citizens Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,690
    Net interest income $31,272
    Total noninterest income $5,074
    Gross Fiduciary activities income $504
    Service charges on deposit accounts $2,037
    Trading account gains and fees $0
    Additional Noninterest Income $2,533
    Pre-tax net operating income $9,135
    Securities gains (or losses, -) $88
    Income before extraordinary items $7,517
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,517
    Minority interest net income $0
    Net income $7,517
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,444

    The Citizens Bank's gross interest income from loans was $40,690,000.
    The Citizens Bank's net interest income from loans was $31,272,000.
    The Citizens Bank's fee based income from loans was $2,037,000.
    The Citizens Bank's net income from loans was $7,517,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,418
    Provision for credit losses $1,500
    Total noninterest expense $25,711
    Salaries and employee benefits $14,971
    Premises and equipment expense $3,242
    Additional noninterest expense $7,498
    Applicable income taxes $1,706
    Net charge-offs $263
    Cash dividends $6,189

    The Citizens Bank's interest expense for loans was $9,418,000.
    The Citizens Bank's payroll and benefits expense were $14,971,000.
    The Citizens Bank's property, plant and equipment expenses $3,242,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $759,930
    Deposits held in domestic offices $759,930
    Deposits by Individuals, partnerships, and corporations $645,005
    Deposits by U.S. Government $202
    Deposits by States and political subdivisions in the U.S. $108,066
    Deposits by Commercial banks and other depository institutions in U.S. $6,657
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $85,818
    Demand deposits $18,113
    Nontransaction accounts $674,112
    Money market deposit accounts (MMDAs) $128,691
    Other savings deposits (excluding MMDAs) $279,278
    Total time deposits $266,143
    Total time and savings deposits $741,817
    Noninterest-bearing deposits $77,792
    Interest-bearing deposits $682,138
    Retail deposits $656,980
    IRAs and Keogh plan accounts $46,908
    Brokered deposits $34,681
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $920,636
    Cash & Balances due from depository institutions $18,787
    Interest-bearing balances $6,985
    Total securities $106,544
    Federal funds sold & reverse repurchase $0
    Net loans and leases $731,207
    Loan and leases loss allowance $11,386
    Trading account assets $0
    Bank premises and fixed assets $37,378
    Other real estate owned $199
    Goodwill and other intangibles $12,957
    All other assets $13,564

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $920,636
    Total Liabilities $834,388
    Total deposits $759,930
    Interest-bearing deposits $682,138
    Deposits held in domestic offices $759,930
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $2,732
    Trading liabilities $0
    Other borrowed funds $69,772
    Subordinated debt $0
    All other liabilities $1,954

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $731,207
    Loan and leases loss allowance $11,386
    Total loans and leases (domestic) $742,593
    All real estate loans $599,405
    Real estate loans in domestic offices $599,405
    Construction and development loans $73,223
    Residential 1-4 family construction $11,058
    Other construction, all land development and other land $62,165
    Loans secured by nonfarm nonresidential properties $237,539
    Nonfarm nonresidential secured by owner-occupied properties $132,108
    Commercial real estate & other non-farm, non-residential $105,431
    Multifamily residential real estate $32,277
    1-4 family residential loans $175,194
    Farmland loans $81,172
    Loans held in foreign offices $0
    Farm loans $18,363
    Commercial and industrial loans $77,385
    To non-U.S. addressees $0
    Loans to individuals $24,485
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,741
    Other loans to individuals $17,744
    All other loans & leases $22,955
    Loans to foreign governments and official institutions $0
    Other loans $7,450
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $989
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,082
    Non 1-4 family restructured loans & leases $625
    Total loans and leases (foreign) $0

    The Citizens Bank had $731,207,000 of loans outstanding in 2019. $599,405,000 of loans were in real estate loans. $73,223,000 of loans were in development loans. $32,277,000 of loans were in multifamily mortgage loans. $175,194,000 of loans were in 1-4 family mortgage loans. $18,363,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,741,000 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 355 $71,685 $201,930
    Nonfarm, nonresidential loans - <$100k 116 $4,993 $43,043
    Nonfarm, nonresidential loans - $100-250k 111 $13,316 $119,964
    Nonfarm, nonresidential loans - $250k-1MM 128 $53,376 $417,000
    Commercial & Industrial, US addressed loans - <$1MM 543 $38,252 $70,446
    Commercial & Industrial, US addressed loans - <$100k 395 $8,353 $21,147
    Commercial & Industrial, US addressed loans - $100-250k 85 $8,864 $104,282
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $21,035 $333,889
    Farmland loans - <$1MM 107 $13,874 $129,664
    Farmland loans - <$100k 47 $2,033 $43,255
    Farmland loans - $100-250k 36 $4,664 $129,556
    Farmland loans - $250k-1MM 24 $7,177 $299,042
    Agriculture operations loans - <$1MM 241 $9,200 $38,174
    Agriculture operations loans - <$100k 206 $4,222 $20,495
    Agriculture operations loans - $100-250k 27 $2,796 $103,556
    Agriculture operations loans - $250k-1MM 8 $2,182 $272,750