Citizens State Bank Mortgage Rates, Fees & Info

Miles, TX

LEI: 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, Ruidoso, Brownwood, Mineral Wells, and Midland among others. We have data for 15 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

174

Origination Dollar Volume (All Markets)

$34,560,000

Employee count

19

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
SAN ANGELO, TX (FHA|USDA|VA) 146 $27,690,000 $189,658 $0 0.00%
Outside of Metro Areas 14 $2,760,000 $197,143 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Alamogordo, NM (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Montrose, CO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Del Rio, TX (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Citizens State Bank's top markets include San Angelo, Ruidoso, Brownwood, Mineral Wells, and Midland among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 173 $34,255,000 $198,006 $0 0.00%
    VA 1 $305,000 $305,000 $0 0.00%

    For 2020, Citizens State Bank's most frequently originated type of loan was Conventional, with 173 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 100 $17,990,000 $179,900 $0 0.00%
    Refi 65 $14,705,000 $226,231 $0 0.00%
    Home Improvement 4 $730,000 $182,500 $0 0.00%
    Cash Out Refi 4 $870,000 $217,500 $0 0.00%
    Other 1 $265,000 $265,000 $0 0.00%

    For 2020, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $34,560,000 $198,621 $0 0.00%

    For 2020, Citizens State Bank's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 59 $8,575,000 $145,339 $0 0.00%
    $200k-400k 52 $14,330,000 $275,577 $0 0.00%
    $100,000 or less 49 $3,005,000 $61,327 $0 0.00%
    $400k-600k 10 $4,780,000 $478,000 $0 0.00%
    $600k-1MM 3 $2,465,000 $821,667 $0 0.00%
    $1MM+ 1 $1,405,000 $1,405,000 $0 0.00%

    2020 saw Citizens State Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $7,140,000 $223,125 $0 0.00%
    $75k-100k 28 $6,080,000 $217,143 $0 0.00%
    $50k-75k 18 $2,840,000 $157,778 $0 0.00%
    $150k-250k 16 $4,310,000 $269,375 $0 0.00%
    $250k+ 12 $6,050,000 $504,167 $0 0.00%
    $50k or less 6 $800,000 $133,333 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $34,560,000 $198,621 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 111 $26,765,000 $241,126 $0 0.00%
    Not applicable 62 $7,340,000 $118,387 $0 0.00%
    Other Asian 1 $455,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $34,560,000 $198,621

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,710,000 $855,000
    Single Family (1-4 Units):Site-Built 172 $32,850,000 $190,988

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens State Bank 329 West Harris San Angelo, TX 76903 Full Service B&M $85,948
    Citizens State Bank 111 South Robinson Miles, TX 76861 Full Service B&M $63,840

    For 2020, Citizens State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,312
    Net interest income $6,391
    Total noninterest income $392
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $114
    Trading account gains and fees $0
    Additional Noninterest Income $278
    Pre-tax net operating income $3,575
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,575
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,575
    Minority interest net income $0
    Net income $3,575
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,575

    Citizens State Bank's gross interest income from loans was $7,312,000.
    Citizens State Bank's net interest income from loans was $6,391,000.
    Citizens State Bank's fee based income from loans was $114,000.
    Citizens State Bank's net income from loans was $3,575,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $921
    Provision for credit losses $0
    Total noninterest expense $3,208
    Salaries and employee benefits $1,908
    Premises and equipment expense $213
    Additional noninterest expense $1,087
    Applicable income taxes $0
    Net charge-offs $-32
    Cash dividends $2,330

    Citizens State Bank's interest expense for loans was $921,000.
    Citizens State Bank's payroll and benefits expense were $1,908,000.
    Citizens State Bank's property, plant and equipment expenses $213,000.

    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 $151,882
    Deposits held in domestic offices $151,882
    Deposits by Individuals, partnerships, and corporations $147,944
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,939
    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 $55,526
    Demand deposits $45,373
    Nontransaction accounts $96,357
    Money market deposit accounts (MMDAs) $18,388
    Other savings deposits (excluding MMDAs) $8,389
    Total time deposits $69,580
    Total time and savings deposits $106,510
    Noninterest-bearing deposits $45,373
    Interest-bearing deposits $106,509
    Retail deposits $110,221
    IRAs and Keogh plan accounts $1,316
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $168,674
    Cash & Balances due from depository institutions $43,119
    Interest-bearing balances $41,052
    Total securities $362
    Federal funds sold & reverse repurchase $0
    Net loans and leases $122,295
    Loan and leases loss allowance $1,692
    Trading account assets $0
    Bank premises and fixed assets $1,338
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,560

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $168,674
    Total Liabilities $152,203
    Total deposits $151,882
    Interest-bearing deposits $106,509
    Deposits held in domestic offices $151,882
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $321

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $122,295
    Loan and leases loss allowance $1,692
    Total loans and leases (domestic) $123,987
    All real estate loans $89,414
    Real estate loans in domestic offices $89,414
    Construction and development loans $10,957
    Residential 1-4 family construction $9,057
    Other construction, all land development and other land $1,900
    Loans secured by nonfarm nonresidential properties $16,489
    Nonfarm nonresidential secured by owner-occupied properties $16,489
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $2,434
    1-4 family residential loans $43,310
    Farmland loans $16,224
    Loans held in foreign offices $0
    Farm loans $7,805
    Commercial and industrial loans $22,760
    To non-U.S. addressees $0
    Loans to individuals $3,798
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,236
    Other loans to individuals $2,562
    All other loans & leases $210
    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 $79
    Non 1-4 family restructured loans & leases $79
    Total loans and leases (foreign) $0

    Citizens State Bank had $122,295,000 of loans outstanding in 2020. $89,414,000 of loans were in real estate loans. $10,957,000 of loans were in development loans. $2,434,000 of loans were in multifamily mortgage loans. $43,310,000 of loans were in 1-4 family mortgage loans. $7,805,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,236,000 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 62 $11,687 $188,500
    Nonfarm, nonresidential loans - <$100k 19 $989 $52,053
    Nonfarm, nonresidential loans - $100-250k 22 $2,938 $133,545
    Nonfarm, nonresidential loans - $250k-1MM 21 $7,760 $369,524
    Commercial & Industrial, US addressed loans - <$1MM 227 $17,780 $78,326
    Commercial & Industrial, US addressed loans - <$100k 170 $5,386 $31,682
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,876 $121,900
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $7,518 $442,235
    Farmland loans - <$1MM 62 $9,455 $152,500
    Farmland loans - <$100k 18 $744 $41,333
    Farmland loans - $100-250k 23 $2,867 $124,652
    Farmland loans - $250k-1MM 21 $5,844 $278,286
    Agriculture operations loans - <$1MM 79 $4,542 $57,494
    Agriculture operations loans - <$100k 56 $1,666 $29,750
    Agriculture operations loans - $100-250k 12 $1,037 $86,417
    Agriculture operations loans - $250k-1MM 11 $1,839 $167,182