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, Seneca, and Forest City among others. We have data for 5 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.

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    Originations

    134

    Origination Dollar Volume (All Markets)

    $26,590,000

    Employee count

    16

    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) 71 $16,235,000 $228,662 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 59 $8,975,000 $152,119 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $765,000 $765,000 $0 0.00%
    Forest City, NC (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    Outside of Metro Areas 1 $185,000 $185,000 $0 0.00%
    Citizens Building And Loan Ssb's top markets include Greenville, Spartanburg, Seneca, and Forest City 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 134 $26,590,000 $198,433 $0 0.00%

    For 2019, Citizens Building And Loan Ssb's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $15,835,000 $190,783 $0 0.00%
    Refi 45 $9,885,000 $219,667 $0 0.00%
    Home Improvement 5 $615,000 $123,000 $0 0.00%
    Other 1 $255,000 $255,000 $0 0.00%

    For 2019, Citizens Building And Loan Ssb's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $26,590,000 $198,433 $0 0.00%

    For 2019, Citizens Building And Loan Ssb's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,595,000 $143,209 $0 0.00%
    $200k-400k 35 $9,715,000 $277,571 $0 0.00%
    $100,000 or less 21 $1,415,000 $67,381 $0 0.00%
    $400k-600k 7 $3,135,000 $447,857 $0 0.00%
    $600k-1MM 4 $2,730,000 $682,500 $0 0.00%

    2019 saw Citizens Building And Loan Ssb place emphasis on $100k-200k loans with 67 originations, totaling $9,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $6,070,000 $168,611 $0 0.00%
    $50k or less 28 $3,050,000 $108,929 $0 0.00%
    $100k-150k 20 $4,760,000 $238,000 $0 0.00%
    $75k-100k 20 $3,730,000 $186,500 $0 0.00%
    $150k-250k 9 $2,495,000 $277,222 $0 0.00%
    $250k+ 7 $3,565,000 $509,286 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $26,590,000 $198,433 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $22,410,000 $193,190 $0 0.00%
    Not applicable 10 $1,880,000 $188,000 $0 0.00%
    Black 6 $1,640,000 $273,333 $0 0.00%
    Asian 1 $385,000 $385,000 $0 0.00%
    Asian Indian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.92%

    Citizens Building And Loan Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.27%

    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 134 $26,590,000 $198,433

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 132 $26,460,000 $200,455

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Building and Loan, SSB 100 South Edgewood Avenue Landrum, SC 29356 Full Service B&M $3,534
    Citizens Building and Loan, SSB 229 Trade Street Greer, SC 29651 Full Service B&M $98,175

    For 2019, Citizens Building And Loan Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,998
    Net interest income $4,054
    Total noninterest income $180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1
    Trading account gains and fees $0
    Additional Noninterest Income $179
    Pre-tax net operating income $1,243
    Securities gains (or losses, -) $0
    Income before extraordinary items $943
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $943
    Minority interest net income $0
    Net income $943
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $943

    Citizens Building And Loan Ssb's gross interest income from loans was $5,998,000.
    Citizens Building And Loan Ssb's net interest income from loans was $4,054,000.
    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 $943,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,944
    Provision for credit losses $0
    Total noninterest expense $2,991
    Salaries and employee benefits $1,392
    Premises and equipment expense $255
    Additional noninterest expense $1,344
    Applicable income taxes $300
    Net charge-offs $-8
    Cash dividends $85

    Citizens Building And Loan Ssb's interest expense for loans was $1,944,000.
    Citizens Building And Loan Ssb's payroll and benefits expense were $1,392,000.
    Citizens Building And Loan Ssb's property, plant and equipment expenses $255,000.

    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 $101,549
    Deposits held in domestic offices $101,549
    Deposits by Individuals, partnerships, and corporations $101,482
    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. $67
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $0
    Demand deposits $0
    Nontransaction accounts $101,549
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $11,684
    Total time deposits $89,865
    Total time and savings deposits $101,549
    Noninterest-bearing deposits $254
    Interest-bearing deposits $101,295
    Retail deposits $80,241
    IRAs and Keogh plan accounts $12,960
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $141,669
    Cash & Balances due from depository institutions $14,282
    Interest-bearing balances $13,963
    Total securities $19,472
    Federal funds sold & reverse repurchase $0
    Net loans and leases $97,018
    Loan and leases loss allowance $874
    Trading account assets $0
    Bank premises and fixed assets $1,516
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,381

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $141,669
    Total Liabilities $112,172
    Total deposits $101,549
    Interest-bearing deposits $101,295
    Deposits held in domestic offices $101,549
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,373
    Subordinated debt $0
    All other liabilities $5,250

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $97,018
    Loan and leases loss allowance $874
    Total loans and leases (domestic) $97,892
    All real estate loans $97,853
    Real estate loans in domestic offices $97,853
    Construction and development loans $10,718
    Residential 1-4 family construction $8,741
    Other construction, all land development and other land $1,977
    Loans secured by nonfarm nonresidential properties $7,208
    Nonfarm nonresidential secured by owner-occupied properties $4,038
    Commercial real estate & other non-farm, non-residential $3,170
    Multifamily residential real estate $89
    1-4 family residential loans $79,838
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $268
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $268
    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 $47
    Non 1-4 family restructured loans & leases $42
    Total loans and leases (foreign) $0

    Citizens Building and Loan SSB had $97,018,000 of loans outstanding in 2019. $97,853,000 of loans were in real estate loans. $10,718,000 of loans were in development loans. $89,000 of loans were in multifamily mortgage loans. $79,838,000 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 36 $6,908 $191,889
    Nonfarm, nonresidential loans - <$100k 11 $468 $42,545
    Nonfarm, nonresidential loans - $100-250k 12 $1,501 $125,083
    Nonfarm, nonresidential loans - $250k-1MM 13 $4,939 $379,923