Citizens State Bank Mortgage Rates, Fees & Info

Miles, TX

LEI: 549300911X1OUPJU7Y90

Tax ID: 75-0187997

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 State Bank is a smaller bank specializing in Home Purchase loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Angelo, Mineral Wells, Midland, Alamogordo, and Brownwood among others. We have data for 6 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.

    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

    91

    Origination Dollar Volume (All Markets)

    $17,775,000

    Employee count

    20

    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) 77 $13,925,000 $180,844 $0 0.00%
    Outside of Metro Areas 8 $2,310,000 $288,750 $0 0.00%
    Mineral Wells, TX (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
    MIDLAND, TX (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Alamogordo, NM (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Brownwood, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Citizens State Bank's top markets include San Angelo, Mineral Wells, Midland, Alamogordo, and Brownwood among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $17,775,000 $195,330 $0 0.00%

    For 2021, Citizens State Bank's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $12,715,000 $184,275 $0 0.00%
    Refi 12 $2,360,000 $196,667 $0 0.00%
    Cash Out Refi 6 $1,350,000 $225,000 $0 0.00%
    Other 3 $1,215,000 $405,000 $0 0.00%
    Home Improvement 1 $135,000 $135,000 $0 0.00%

    For 2021, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 91 $17,775,000 $195,330 $0 0.00%

    For 2021, Citizens State Bank's most frequently cited loan duration was Other, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,055,000 $140,814 $0 0.00%
    $200k-400k 22 $5,560,000 $252,727 $0 0.00%
    $100,000 or less 16 $1,170,000 $73,125 $0 0.00%
    $400k-600k 8 $3,730,000 $466,250 $0 0.00%
    $600k-1MM 2 $1,260,000 $630,000 $0 0.00%

    2021 saw Citizens State Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 19 $5,385,000 $283,421 $0 0.00%
    $100k-150k 9 $2,225,000 $247,222 $0 0.00%
    $75k-100k 9 $1,665,000 $185,000 $0 0.00%
    $50k-75k 6 $1,430,000 $238,333 $0 0.00%
    $150k-250k 5 $1,435,000 $287,000 $0 0.00%
    $50k or less 2 $340,000 $170,000 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 91 $17,775,000 $195,330 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $12,335,000 $251,735 $0 0.00%
    Not applicable 41 $5,295,000 $129,146 $0 0.00%
    Black 1 $145,000 $145,000 $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 91 $17,775,000 $195,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    91 $17,775,000 $195,330

    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 State Bank 111 South Robinson Miles, TX 76861 Full Service B&M $77,809
    Citizens State Bank 329 West Harris San Angelo, TX 76903 Full Service B&M $97,206

    For 2021, Citizens State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,359
    Net interest income $6,911
    Total noninterest income $478
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $113
    Trading account gains and fees $0
    Additional Noninterest Income $365
    Pre-tax net operating income $4,171
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,171
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,171
    Minority interest net income $0
    Net income $4,171
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,171

    Citizens State Bank's gross interest income from loans was $7,359,000.
    Citizens State Bank's net interest income from loans was $6,911,000.
    Citizens State Bank's fee based income from loans was $113,000.
    Citizens State Bank's net income from loans was $4,171,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $448
    Provision for credit losses $0
    Total noninterest expense $3,218
    Salaries and employee benefits $1,895
    Premises and equipment expense $221
    Additional noninterest expense $1,102
    Applicable income taxes $0
    Net charge-offs $2
    Cash dividends $2,307

    Citizens State Bank's interest expense for loans was $448,000.
    Citizens State Bank's payroll and benefits expense were $1,895,000.
    Citizens State Bank's property, plant and equipment expenses $221,000.

    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 $186,609
    Deposits held in domestic offices $186,609
    Deposits by Individuals, partnerships, and corporations $180,771
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,837
    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 $70,959
    Demand deposits $58,429
    Nontransaction accounts $115,649
    Money market deposit accounts (MMDAs) $32,541
    Other savings deposits (excluding MMDAs) $9,727
    Total time deposits $73,381
    Total time and savings deposits $128,179
    Noninterest-bearing deposits $58,429
    Interest-bearing deposits $128,180
    Retail deposits $143,798
    IRAs and Keogh plan accounts $1,311
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $205,135
    Cash & Balances due from depository institutions $50,095
    Interest-bearing balances $48,826
    Total securities $179
    Federal funds sold & reverse repurchase $0
    Net loans and leases $148,321
    Loan and leases loss allowance $1,690
    Trading account assets $0
    Bank premises and fixed assets $1,349
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,191

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $205,135
    Total Liabilities $186,804
    Total deposits $186,609
    Interest-bearing deposits $128,180
    Deposits held in domestic offices $186,609
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $195

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $148,321
    Loan and leases loss allowance $1,690
    Total loans and leases (domestic) $150,011
    All real estate loans $112,710
    Real estate loans in domestic offices $112,710
    Construction and development loans $8,679
    Residential 1-4 family construction $8,321
    Other construction, all land development and other land $358
    Loans secured by nonfarm nonresidential properties $25,669
    Nonfarm nonresidential secured by owner-occupied properties $25,625
    Commercial real estate & other non-farm, non-residential $44
    Multifamily residential real estate $864
    1-4 family residential loans $42,970
    Farmland loans $34,528
    Loans held in foreign offices $0
    Farm loans $11,266
    Commercial and industrial loans $22,104
    To non-U.S. addressees $0
    Loans to individuals $3,746
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,016
    Other loans to individuals $2,730
    All other loans & leases $184
    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 $44
    Non 1-4 family restructured loans & leases $44
    Total loans and leases (foreign) $0

    Citizens State Bank had $148,321,000 of loans outstanding in 2021. $112,710,000 of loans were in real estate loans. $8,679,000 of loans were in development loans. $864,000 of loans were in multifamily mortgage loans. $42,970,000 of loans were in 1-4 family mortgage loans. $11,266,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,016,000 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 69 $13,764 $199,478
    Nonfarm, nonresidential loans - <$100k 20 $1,027 $51,350
    Nonfarm, nonresidential loans - $100-250k 25 $3,451 $138,040
    Nonfarm, nonresidential loans - $250k-1MM 24 $9,286 $386,917
    Commercial & Industrial, US addressed loans - <$1MM 212 $15,607 $73,618
    Commercial & Industrial, US addressed loans - <$100k 159 $4,688 $29,484
    Commercial & Industrial, US addressed loans - $100-250k 38 $4,085 $107,500
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $6,834 $455,600
    Farmland loans - <$1MM 61 $9,438 $154,721
    Farmland loans - <$100k 15 $530 $35,333
    Farmland loans - $100-250k 21 $2,558 $121,810
    Farmland loans - $250k-1MM 25 $6,350 $254,000
    Agriculture operations loans - <$1MM 90 $6,436 $71,511
    Agriculture operations loans - <$100k 63 $1,573 $24,968
    Agriculture operations loans - $100-250k 14 $1,836 $131,143
    Agriculture operations loans - $250k-1MM 13 $3,027 $232,846