Citizens Building And Loan Ssb Mortgage Rates, Fees & Info

Greer, SC

LEI: 549300563RCDKOF2Y487

Tax ID: 57-0140540

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Citizens Building And Loan Ssb is a smaller mortgage company specializing in Home Purchase and Refi loans. Citizens Building And Loan Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, and Seneca among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Building And Loan Ssb has an above average approval rate when compared to the average across all lenders. They have an above 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.

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

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    Originations

    130

    Origination Dollar Volume (All Markets)

    $21,810,000

    Employee count

    15

    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
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 82 $14,080,000 $171,707 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 46 $7,240,000 $157,391 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
    Citizens Building And Loan Ssb's top markets include Greenville, Spartanburg, and Seneca among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $21,810,000 $167,769 $0 0.00%

    For 2018, Citizens Building And Loan Ssb's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $15,885,000 $182,586 $0 0.00%
    Refi 37 $5,445,000 $147,162 $0 0.00%
    Other 4 $320,000 $80,000 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2018, Citizens Building And Loan Ssb's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $21,810,000 $167,769 $0 0.00%

    For 2018, Citizens Building And Loan Ssb's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 54 $7,990,000 $147,963 $0 0.00%
    $200k-400k 37 $9,655,000 $260,946 $0 0.00%
    $100,000 or less 35 $2,285,000 $65,286 $0 0.00%
    $400k-600k 4 $1,880,000 $470,000 $0 0.00%

    2018 saw Citizens Building And Loan Ssb place emphasis on $100k-200k loans with 54 originations, totaling $7,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $6,160,000 $154,000 $0 0.00%
    $50k or less 32 $3,340,000 $104,375 $0 0.00%
    $100k-150k 19 $4,175,000 $219,737 $0 0.00%
    $75k-100k 14 $2,670,000 $190,714 $0 0.00%
    $150k-250k 8 $1,750,000 $218,750 $0 0.00%
    $250k+ 6 $1,870,000 $311,667 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $21,810,000 $167,769 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $20,125,000 $169,118 $0 0.00%
    Black 4 $830,000 $207,500 $0 0.00%
    Not applicable 6 $620,000 $103,333 $0 0.00%
    Native Hawaiian or Islander 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.12%

    Citizens Building And Loan Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.69%

    Citizens Building And Loan Ssb has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $21,810,000 $167,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 128 $21,640,000 $169,063

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Citizens Savings & Loan Corporation, Chattanooga, TN Branch Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Building and Loan, SSB 229 Trade Street Greer, SC 29651 Full Service B&M $93,717

    For 2018, Citizens Building And Loan Ssb had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,462
    Net interest income $3,949
    Total noninterest income $1,130
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1
    Trading account gains and fees $0
    Additional Noninterest Income $1,129
    Pre-tax net operating income $1,410
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,095
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,095
    Minority interest net income $0
    Net income $1,095
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,095

    Citizens Building And Loan Ssb's gross interest income from loans was $5,462,000.
    Citizens Building And Loan Ssb's net interest income from loans was $3,949,000.
    Citizens Building And Loan Ssb's fee based income from loans was $1,000.
    Citizens Building And Loan Ssb's net income from loans was $1,095,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,513
    Provision for credit losses $0
    Total noninterest expense $3,669
    Salaries and employee benefits $1,501
    Premises and equipment expense $345
    Additional noninterest expense $1,823
    Applicable income taxes $315
    Net charge-offs $-8
    Cash dividends $50

    Citizens Building And Loan Ssb's interest expense for loans was $1,513,000.
    Citizens Building And Loan Ssb's payroll and benefits expense were $1,501,000.
    Citizens Building And Loan Ssb's property, plant and equipment expenses $345,000.

    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 $93,565
    Deposits held in domestic offices $93,565
    Deposits by Individuals, partnerships, and corporations $92,465
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $1,100
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $0
    Demand deposits $0
    Nontransaction accounts $93,565
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $10,614
    Total time deposits $82,951
    Total time and savings deposits $93,565
    Noninterest-bearing deposits $350
    Interest-bearing deposits $93,215
    Retail deposits $72,842
    IRAs and Keogh plan accounts $15,309
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $129,913
    Cash & Balances due from depository institutions $6,070
    Interest-bearing balances $5,682
    Total securities $22,444
    Federal funds sold & reverse repurchase $550
    Net loans and leases $89,987
    Loan and leases loss allowance $866
    Trading account assets $0
    Bank premises and fixed assets $1,542
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,320

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $129,913
    Total Liabilities $101,669
    Total deposits $93,565
    Interest-bearing deposits $93,215
    Deposits held in domestic offices $93,565
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,409
    Subordinated debt $0
    All other liabilities $4,695

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $89,987
    Loan and leases loss allowance $866
    Total loans and leases (domestic) $90,853
    All real estate loans $90,866
    Real estate loans in domestic offices $90,866
    Construction and development loans $10,780
    Residential 1-4 family construction $9,181
    Other construction, all land development and other land $1,599
    Loans secured by nonfarm nonresidential properties $7,279
    Nonfarm nonresidential secured by owner-occupied properties $3,917
    Commercial real estate & other non-farm, non-residential $3,362
    Multifamily residential real estate $334
    1-4 family residential loans $72,473
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $11
    To non-U.S. addressees $0
    Loans to individuals $200
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $200
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Building and Loan SSB had $89,987,000 of loans outstanding in 2018. $90,866,000 of loans were in real estate loans. $10,780,000 of loans were in development loans. $334,000 of loans were in multifamily mortgage loans. $72,473,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 40 $7,279 $181,975
    Nonfarm, nonresidential loans - <$100k 11 $438 $39,818
    Nonfarm, nonresidential loans - $100-250k 17 $1,947 $114,529
    Nonfarm, nonresidential loans - $250k-1MM 12 $4,894 $407,833
    Commercial & Industrial, US addressed loans - <$1MM 1 $11 $11,000
    Commercial & Industrial, US addressed loans - <$100k 1 $11 $11,000