Citizens Building And Loan Ssb Mortgage Rates, Fees & Info

Greer, SC

LEI: 549300563RCDKOF2Y487

Tax ID: 57-0140540

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
  • 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, Gaffney, and Newberry among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    105

    Origination Dollar Volume (All Markets)

    $23,695,000

    Employee count

    17

    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) 50 $10,820,000 $216,400 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 45 $10,205,000 $226,778 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $985,000 $985,000 $0 0.00%
    Gaffney, SC (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    Outside of Metro Areas 4 $550,000 $137,500 $0 0.00%
    Newberry, SC (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Citizens Building And Loan Ssb's top markets include Greenville, Spartanburg, Seneca, Gaffney, and Newberry 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 105 $23,695,000 $225,667 $0 0.00%

    For 2021, Citizens Building And Loan Ssb's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $15,075,000 $274,091 $0 0.00%
    Refi 38 $7,480,000 $196,842 $0 0.00%
    Home Improvement 9 $825,000 $91,667 $0 0.00%
    Other 3 $315,000 $105,000 $0 0.00%

    For 2021, Citizens Building And Loan Ssb's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $23,695,000 $225,667 $0 0.00%

    For 2021, Citizens Building And Loan Ssb's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $11,975,000 $278,488 $0 0.00%
    $100k-200k 34 $5,270,000 $155,000 $0 0.00%
    $100,000 or less 19 $1,105,000 $58,158 $0 0.00%
    $400k-600k 6 $2,790,000 $465,000 $0 0.00%
    $600k-1MM 3 $2,555,000 $851,667 $0 0.00%

    2021 saw Citizens Building And Loan Ssb place emphasis on $200k-400k loans with 43 originations, totaling $11,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $4,615,000 $200,652 $0 0.00%
    $75k-100k 21 $4,775,000 $227,381 $0 0.00%
    $50k or less 18 $2,160,000 $120,000 $0 0.00%
    $100k-150k 15 $4,935,000 $329,000 $0 0.00%
    $150k-250k 10 $3,380,000 $338,000 $0 0.00%
    $250k+ 4 $1,900,000 $475,000 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $23,695,000 $225,667 $0 0.00%

    Citizens Building And Loan Ssb lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $19,740,000 $240,732 $0 0.00%
    Not applicable 13 $1,675,000 $128,846 $0 0.00%
    Black 6 $1,050,000 $175,000 $0 0.00%
    Other Asian 3 $865,000 $288,333 $0 0.00%
    Asian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.69%

    Citizens Building And Loan Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.29%

    Citizens Building And Loan Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $23,695,000 $225,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $23,695,000 $225,667

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 54 15.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 22 6.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 6 1.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 116 33.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 15 4.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 19 5.5%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Incorrect information on your report 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Incorrect information on your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 13 3.7%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 3 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 $7,856
    Citizens Building and Loan, SSB 229 Trade St Greer, SC 29651 Full Service B&M $100,827

    For 2021, Citizens Building And Loan Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,120
    Net interest income $4,346
    Total noninterest income $159
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2
    Trading account gains and fees $0
    Additional Noninterest Income $157
    Pre-tax net operating income $1,279
    Securities gains (or losses, -) $0
    Income before extraordinary items $992
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $992
    Minority interest net income $0
    Net income $992
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $992

    Citizens Building And Loan Ssb's gross interest income from loans was $5,120,000.
    Citizens Building And Loan Ssb's net interest income from loans was $4,346,000.
    Citizens Building And Loan Ssb's fee based income from loans was $2,000.
    Citizens Building And Loan Ssb's net income from loans was $992,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $774
    Provision for credit losses $-100
    Total noninterest expense $3,326
    Salaries and employee benefits $1,690
    Premises and equipment expense $260
    Additional noninterest expense $1,376
    Applicable income taxes $287
    Net charge-offs $-80
    Cash dividends $85

    Citizens Building And Loan Ssb's interest expense for loans was $774,000.
    Citizens Building And Loan Ssb's payroll and benefits expense were $1,690,000.
    Citizens Building And Loan Ssb's property, plant and equipment expenses $260,000.

    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 $111,755
    Deposits held in domestic offices $111,755
    Deposits by Individuals, partnerships, and corporations $111,687
    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. $68
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $0
    Demand deposits $0
    Nontransaction accounts $111,755
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $20,246
    Total time deposits $91,509
    Total time and savings deposits $111,755
    Noninterest-bearing deposits $30
    Interest-bearing deposits $111,725
    Retail deposits $86,786
    IRAs and Keogh plan accounts $13,194
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $148,025
    Cash & Balances due from depository institutions $24,264
    Interest-bearing balances $23,738
    Total securities $21,394
    Federal funds sold & reverse repurchase $0
    Net loans and leases $89,543
    Loan and leases loss allowance $822
    Trading account assets $0
    Bank premises and fixed assets $3,143
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,681

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $148,025
    Total Liabilities $117,166
    Total deposits $111,755
    Interest-bearing deposits $111,725
    Deposits held in domestic offices $111,755
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,411

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $89,543
    Loan and leases loss allowance $822
    Total loans and leases (domestic) $90,365
    All real estate loans $90,378
    Real estate loans in domestic offices $90,378
    Construction and development loans $10,175
    Residential 1-4 family construction $7,301
    Other construction, all land development and other land $2,874
    Loans secured by nonfarm nonresidential properties $6,758
    Nonfarm nonresidential secured by owner-occupied properties $4,157
    Commercial real estate & other non-farm, non-residential $2,601
    Multifamily residential real estate $272
    1-4 family residential loans $73,173
    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 $191
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $191
    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 $53
    Non 1-4 family restructured loans & leases $27
    Total loans and leases (foreign) $0

    Citizens Building and Loan SSB had $89,543,000 of loans outstanding in 2021. $90,378,000 of loans were in real estate loans. $10,175,000 of loans were in development loans. $272,000 of loans were in multifamily mortgage loans. $73,173,000 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 39 $6,758 $173,282
    Nonfarm, nonresidential loans - <$100k 14 $625 $44,643
    Nonfarm, nonresidential loans - $100-250k 11 $1,646 $149,636
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,487 $320,500