Citizens State Bank Mortgage Rates, Fees & Info
Miles, TXLEI: 549300911X1OUPJU7Y90
Tax ID: 75-0187997
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Mortgage Data
Bank Data
Review & Overview
Citizens State Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Angelo, Midland, San Antonio, Del Rio, and Athens among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
123Origination Dollar Volume (All Markets)
$22,695,000Employee count
20Top 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 |
|---|---|---|---|---|---|
| SAN ANGELO, TX (FHA|USDA|VA) | 107 | $18,895,000 | $176,589 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $935,000 | $187,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Del Rio, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $22,410,000 | $183,689 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2019, Citizens State Bank's most frequently originated type of loan was Conventional, with 122 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2019, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $22,695,000 | $184,512 | $0 | 0.00% |
For 2019, Citizens State Bank's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2019 saw Citizens State Bank place emphasis on $100k-200k loans with 44 originations, totaling $6,170,000 in origination value.
Applicant Income
Citizens State Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $22,695,000 | $184,512 | $0 | 0.00% |
Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 92 | $19,090,000 | $207,500 | $0 | 0.00% |
| Not applicable | 31 | $3,605,000 | $116,290 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Citizens State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $22,695,000 | $184,512 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 123 | $22,695,000 | $184,512 |
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 State Bank | 111 South Robinson Miles, TX 76861 | Full Service B&M | $60,025 |
| Citizens State Bank | 329 West Harris San Angelo, TX 76903 | Full Service B&M | $77,509 |
For 2019, Citizens State Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $7,763 |
| Net interest income | $6,338 |
| Total noninterest income | $336 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $133 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $203 |
| Pre-tax net operating income | $3,484 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,484 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,484 |
| Minority interest net income | $0 |
| Net income | $3,484 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,484 |
Citizens State Bank's gross interest income from loans was $7,763,000.
Citizens State Bank's net interest income from loans was $6,338,000.
Citizens State Bank's fee based income from loans was $133,000.
Citizens State Bank's net income from loans was $3,484,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,425 |
| Provision for credit losses | $135 |
| Total noninterest expense | $3,055 |
| Salaries and employee benefits | $1,805 |
| Premises and equipment expense | $212 |
| Additional noninterest expense | $1,038 |
| Applicable income taxes | $0 |
| Net charge-offs | $104 |
| Cash dividends | $2,227 |
Citizens State Bank's interest expense for loans was $1,425,000.
Citizens State Bank's payroll and benefits expense were $1,805,000.
Citizens State Bank's property, plant and equipment expenses $212,000.
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 | $143,352 |
| Deposits held in domestic offices | $143,352 |
| Deposits by Individuals, partnerships, and corporations | $134,755 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $8,597 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $43,406 |
| Demand deposits | $37,378 |
| Nontransaction accounts | $99,946 |
| Money market deposit accounts (MMDAs) | $18,128 |
| Other savings deposits (excluding MMDAs) | $7,314 |
| Total time deposits | $74,503 |
| Total time and savings deposits | $105,974 |
| Noninterest-bearing deposits | $35,378 |
| Interest-bearing deposits | $107,974 |
| Retail deposits | $94,712 |
| IRAs and Keogh plan accounts | $1,215 |
| Brokered deposits | $5,603 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $158,984 |
| Cash & Balances due from depository institutions | $41,150 |
| Interest-bearing balances | $40,018 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $114,977 |
| Loan and leases loss allowance | $1,660 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,394 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,463 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $158,983 |
| Total Liabilities | $143,766 |
| Total deposits | $143,352 |
| Interest-bearing deposits | $107,974 |
| Deposits held in domestic offices | $143,352 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $414 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $114,977 |
| Loan and leases loss allowance | $1,660 |
| Total loans and leases (domestic) | $116,637 |
| All real estate loans | $86,527 |
| Real estate loans in domestic offices | $86,527 |
| Construction and development loans | $9,807 |
| Residential 1-4 family construction | $8,169 |
| Other construction, all land development and other land | $1,638 |
| Loans secured by nonfarm nonresidential properties | $19,280 |
| Nonfarm nonresidential secured by owner-occupied properties | $14,058 |
| Commercial real estate & other non-farm, non-residential | $5,222 |
| Multifamily residential real estate | $2,822 |
| 1-4 family residential loans | $42,410 |
| Farmland loans | $12,208 |
| Loans held in foreign offices | $0 |
| Farm loans | $7,738 |
| Commercial and industrial loans | $17,991 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,232 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,433 |
| Other loans to individuals | $2,799 |
| All other loans & leases | $149 |
| 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 | $111 |
| Non 1-4 family restructured loans & leases | $111 |
| Total loans and leases (foreign) | $0 |
Citizens State Bank had $114,977,000 of loans outstanding in 2019. $86,527,000 of loans were in real estate loans. $9,807,000 of loans were in development loans. $2,822,000 of loans were in multifamily mortgage loans. $42,410,000 of loans were in 1-4 family mortgage loans. $7,738,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,433,000 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 | 56 | $11,491 | $205,196 |
| Nonfarm, nonresidential loans - <$100k | 27 | $1,223 | $45,296 |
| Nonfarm, nonresidential loans - $100-250k | 18 | $2,384 | $132,444 |
| Nonfarm, nonresidential loans - $250k-1MM | 11 | $7,884 | $716,727 |
| Commercial & Industrial, US addressed loans - <$1MM | 208 | $13,846 | $66,567 |
| Commercial & Industrial, US addressed loans - <$100k | 158 | $5,143 | $32,551 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $3,663 | $104,657 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $5,040 | $336,000 |
| Farmland loans - <$1MM | 50 | $7,408 | $148,160 |
| Farmland loans - <$100k | 17 | $664 | $39,059 |
| Farmland loans - $100-250k | 16 | $2,007 | $125,438 |
| Farmland loans - $250k-1MM | 17 | $4,737 | $278,647 |
| Agriculture operations loans - <$1MM | 79 | $5,191 | $65,709 |
| Agriculture operations loans - <$100k | 52 | $1,431 | $27,519 |
| Agriculture operations loans - $100-250k | 17 | $1,981 | $116,529 |
| Agriculture operations loans - $250k-1MM | 10 | $1,779 | $177,900 |