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

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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: Hot Springs, Little Rock, Batesville, Fayetteville, and Harrison among others. We have data for 13 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

    210

    Origination Dollar Volume (All Markets)

    $73,440,000

    Employee count

    208

    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
    HOT SPRINGS, AR (FHA|USDA|VA) 21 $20,415,000 $972,143 $2,949 4.56%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 26 $17,000,000 $653,846 $2,869 4.37%
    Batesville, AR (FHA|USDA|VA) 83 $12,095,000 $145,723 $1,539 5.30%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 23 $10,085,000 $438,478 $4,428 4.34%
    Harrison, AR (FHA|USDA|VA) 1 $7,305,000 $7,305,000 $0 3.50%
    Outside of Metro Areas 38 $4,960,000 $130,526 $1,858 5.36%
    Arkadelphia, AR (FHA|USDA|VA) 7 $605,000 $86,429 $2,069 4.64%
    Malvern, AR (FHA|USDA|VA) 4 $480,000 $120,000 $2,118 4.83%
    FORT SMITH, AR-OK (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
    Searcy, AR (FHA|USDA|VA) 1 $75,000 $75,000 $1,618 5.67%
    PINE BLUFF, AR (FHA|USDA|VA) 2 $70,000 $35,000 $1,845 6.44%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
    The Citizens Bank's top markets include Hot Springs, Little Rock, Batesville, Fayetteville, and Harrison among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 210 $73,440,000 $349,714 $1,761 4.96%

    For 2020, The Citizens Bank's most frequently originated type of loan was Conventional, with 210 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $49,485,000 $341,276 $1,910 4.79%
    Refi 39 $22,225,000 $569,872 $1,518 5.10%
    Home Improvement 18 $880,000 $48,889 $1,369 5.39%
    Other 8 $850,000 $106,250 $1,775 6.43%

    For 2020, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $27,690,000 $294,574 $1,745 5.52%
    5 Year 80 $17,590,000 $219,875 $1,885 4.56%
    1 Year 11 $5,425,000 $493,182 $2,855 4.85%
    20 Year 10 $4,250,000 $425,000 $0 4.41%
    10 Year 9 $17,155,000 $1,906,111 $0 3.94%
    3 Year 5 $1,225,000 $245,000 $0 4.45%
    15 Year 1 $105,000 $105,000 $0 4.00%

    For 2020, The Citizens Bank's most frequently cited loan duration was Other, with 94 originations. The 2nd most popular length was 5 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 59 $4,385,000 $74,322
    $1k-2k 14 $2,580,000 $184,286
    $2k-3k 3 $1,435,000 $478,333

    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 59 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 93 $19,045,000 $204,785
    5-6% 48 $5,780,000 $120,417
    3-4% 44 $46,940,000 $1,066,818
    7-8% 11 $915,000 $83,182
    6-7% 9 $485,000 $53,889
    Over 8% 4 $270,000 $67,500
    <2.5% 1 $5,000 $5,000

    During 2020, The Citizens Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $5,560,000 $51,481 $1,351 5.36%
    $100k-200k 51 $7,215,000 $141,471 $2,071 4.75%
    $200k-400k 25 $6,945,000 $277,800 $2,470 4.52%
    $1MM+ 11 $44,585,000 $4,053,182 $0 3.98%
    $400k-600k 9 $4,445,000 $493,889 $4,338 4.47%
    $600k-1MM 6 $4,690,000 $781,667 $0 4.02%

    2020 saw The Citizens Bank place emphasis on $100,000 or less loans with 108 originations, totaling $5,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,700,000 $90,000 $1,782 5.80%
    $50k or less 29 $2,015,000 $69,483 $1,318 5.65%
    $100k-150k 24 $3,080,000 $128,333 $2,042 5.14%
    $75k-100k 22 $2,040,000 $92,727 $1,445 5.27%
    $150k-250k 16 $3,030,000 $189,375 $2,775 4.98%
    $250k+ 14 $3,230,000 $230,714 $3,272 4.61%

    The Citizens Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $1,805,000 $78,478 $1,605 5.83%
    30-36% 15 $2,105,000 $140,333 $2,117 6.19%
    <20% 9 $585,000 $65,000 $1,296 5.17%
    36% 5 $805,000 $161,000 $1,896 5.44%
    42% 5 $735,000 $147,000 $1,964 6.28%
    37% 4 $670,000 $167,500 $2,112 5.41%
    39% 3 $375,000 $125,000 $2,161 6.06%
    40% 3 $325,000 $108,333 $1,524 5.84%
    44% 2 $130,000 $65,000 $1,456 5.82%
    50-60% 1 $75,000 $75,000 $1,688 5.75%
    38% 1 $145,000 $145,000 $1,887 5.00%
    41% 1 $25,000 $25,000 $1,161 5.99%
    43% 1 $55,000 $55,000 $1,238 5.67%
    45% 1 $325,000 $325,000 $2,213 4.80%
    47% 1 $75,000 $75,000 $1,509 5.77%
    49% 1 $165,000 $165,000 $2,129 4.00%

    The Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 69 $48,865,000 $708,188 $0 4.28%
    White 137 $24,125,000 $176,095 $1,756 5.29%
    Black 3 $325,000 $108,333 $1,964 5.96%
    Asian 1 $125,000 $125,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    87.54%

    The Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.86%

    The Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 210 $73,440,000 $349,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 28 $51,750,000 $1,848,214
    Single Family (1-4 Units):Manufactured 13 $655,000 $50,385
    Single Family (1-4 Units):Site-Built 169 $21,035,000 $124,467

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,000,000 $71,429 $1,334 5.49%
    40-60% 31 $19,955,000 $643,710 $1,798 5.07%
    60-80% 67 $20,805,000 $310,522 $1,928 4.83%
    80-100% 86 $31,330,000 $364,302 $1,881 4.89%
    Over 100% 1 $75,000 $75,000 $0 4.50%
    Under 20% 11 $275,000 $25,000 $1,096 5.44%

    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 $21,684
    The Citizens Bank 123 Main Street Crossett, AR 71635 Full Service B&M $17,805
    The Citizens Bank 150 Airport Road Hot Springs, AR 71913 Full Service B&M $18,144
    The Citizens Bank 1676 East Joyce Blvd Fayetteville, AR 72703 Full Service B&M $26,479
    The Citizens Bank 1698 Higdon Ferry Road Hot Springs, AR 71913 Full Service B&M $11,182
    The Citizens Bank 17300 Chenal Parkway, Suite 320 Little Rock, AR 72223 Full Service B&M $134,572
    The Citizens Bank 2 Eagle Mountain Blvd Batesville, AR 72501 Full Service B&M $25,669
    The Citizens Bank 200 South Third Street Batesville, AR 72501 Limited, Drive-thru $15,790
    The Citizens Bank 201 South Main Street Cave City, AR 72521 Full Service B&M $17,324
    The Citizens Bank 217 North Main Street Portland, AR 71663 Full Service B&M $35,170
    The Citizens Bank 2710 Pine Street Arkadelphia, AR 71923 Full Service B&M $37,348
    The Citizens Bank 325 East Boswell Street Batesville, AR 72501 Limited, Drive-thru $0
    The Citizens Bank 3350 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $26,275
    The Citizens Bank 3971 West Wedington Drive Fayetteville, AR 72704 Full Service B&M $19,753
    The Citizens Bank 411 Sylamore Avenue Mountain View, AR 72560 Full Service B&M $30,067
    The Citizens Bank 4429 Central Avenue, Suite C Hot Springs, AR 71913 Full Service B&M $12,785
    The Citizens Bank 555 West Gaines Street Monticello, AR 71655 Full Service B&M $41,965
    The Citizens Bank 5736 Blackland Road Pleasant Plains, AR 72568 Full Service B&M $25,301
    The Citizens Bank 655 Saint Louis Street Batesville, AR 72501 Full Service B&M $422,259
    The Citizens Bank 8000 Cantrell Road Little Rock, AR 72227 Full Service B&M $8,179
    The Citizens Bank 805 Batesville Blvd Batesville, AR 72501 Full Service B&M $20,803

    For 2020, The Citizens Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,371
    Net interest income $35,544
    Total noninterest income $4,772
    Gross Fiduciary activities income $519
    Service charges on deposit accounts $1,656
    Trading account gains and fees $0
    Additional Noninterest Income $2,597
    Pre-tax net operating income $10,712
    Securities gains (or losses, -) $346
    Income before extraordinary items $9,048
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,048
    Minority interest net income $0
    Net income $9,048
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,764

    The Citizens Bank's gross interest income from loans was $43,371,000.
    The Citizens Bank's net interest income from loans was $35,544,000.
    The Citizens Bank's fee based income from loans was $1,656,000.
    The Citizens Bank's net income from loans was $9,048,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,827
    Provision for credit losses $2,200
    Total noninterest expense $27,404
    Salaries and employee benefits $15,939
    Premises and equipment expense $3,702
    Additional noninterest expense $7,763
    Applicable income taxes $2,010
    Net charge-offs $2,251
    Cash dividends $1,500

    The Citizens Bank's interest expense for loans was $7,827,000.
    The Citizens Bank's payroll and benefits expense were $15,939,000.
    The Citizens Bank's property, plant and equipment expenses $3,702,000.

    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $962,115
    Deposits held in domestic offices $962,115
    Deposits by Individuals, partnerships, and corporations $774,757
    Deposits by U.S. Government $203
    Deposits by States and political subdivisions in the U.S. $178,223
    Deposits by Commercial banks and other depository institutions in U.S. $8,932
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $258,722
    Demand deposits $175,380
    Nontransaction accounts $703,393
    Money market deposit accounts (MMDAs) $211,821
    Other savings deposits (excluding MMDAs) $319,691
    Total time deposits $171,881
    Total time and savings deposits $786,735
    Noninterest-bearing deposits $115,119
    Interest-bearing deposits $846,996
    Retail deposits $918,627
    IRAs and Keogh plan accounts $41,511
    Brokered deposits $280
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,103,056
    Cash & Balances due from depository institutions $147,717
    Interest-bearing balances $135,523
    Total securities $96,019
    Federal funds sold & reverse repurchase $0
    Net loans and leases $793,608
    Loan and leases loss allowance $11,335
    Trading account assets $0
    Bank premises and fixed assets $40,001
    Other real estate owned $138
    Goodwill and other intangibles $12,924
    All other assets $12,649

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,103,056
    Total Liabilities $992,924
    Total deposits $962,115
    Interest-bearing deposits $846,996
    Deposits held in domestic offices $962,115
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $2,572
    Trading liabilities $0
    Other borrowed funds $25,977
    Subordinated debt $0
    All other liabilities $2,260

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $793,608
    Loan and leases loss allowance $11,335
    Total loans and leases (domestic) $804,943
    All real estate loans $652,423
    Real estate loans in domestic offices $652,423
    Construction and development loans $79,150
    Residential 1-4 family construction $13,906
    Other construction, all land development and other land $65,244
    Loans secured by nonfarm nonresidential properties $303,005
    Nonfarm nonresidential secured by owner-occupied properties $124,104
    Commercial real estate & other non-farm, non-residential $178,901
    Multifamily residential real estate $38,688
    1-4 family residential loans $169,887
    Farmland loans $61,693
    Loans held in foreign offices $0
    Farm loans $17,966
    Commercial and industrial loans $92,824
    To non-U.S. addressees $0
    Loans to individuals $20,621
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,593
    Other loans to individuals $15,028
    All other loans & leases $21,109
    Loans to foreign governments and official institutions $0
    Other loans $9,133
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $900
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,078
    Non 1-4 family restructured loans & leases $1,467
    Total loans and leases (foreign) $0

    The Citizens Bank had $793,608,000 of loans outstanding in 2020. $652,423,000 of loans were in real estate loans. $79,150,000 of loans were in development loans. $38,688,000 of loans were in multifamily mortgage loans. $169,887,000 of loans were in 1-4 family mortgage loans. $17,966,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,593,000 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 $73,574 $207,251
    Nonfarm, nonresidential loans - <$100k 112 $2,762 $24,661
    Nonfarm, nonresidential loans - $100-250k 105 $13,264 $126,324
    Nonfarm, nonresidential loans - $250k-1MM 138 $57,548 $417,014
    Commercial & Industrial, US addressed loans - <$1MM 814 $54,265 $66,665
    Commercial & Industrial, US addressed loans - <$100k 629 $14,725 $23,410
    Commercial & Industrial, US addressed loans - $100-250k 108 $13,070 $121,019
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $26,470 $343,766
    Farmland loans - <$1MM 118 $15,076 $127,763
    Farmland loans - <$100k 51 $2,263 $44,373
    Farmland loans - $100-250k 41 $5,173 $126,171
    Farmland loans - $250k-1MM 26 $7,640 $293,846
    Agriculture operations loans - <$1MM 239 $8,432 $35,280
    Agriculture operations loans - <$100k 204 $3,897 $19,103
    Agriculture operations loans - $100-250k 26 $2,525 $97,115
    Agriculture operations loans - $250k-1MM 9 $2,010 $223,333