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, 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
174Origination Dollar Volume (All Markets)
$34,560,000Employee count
19Top 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% |
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
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
2020 saw Citizens State Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,575,000 in origination value.
Applicant Income
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
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 | 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 |