Citizens Savings Bank Mortgage Rates, Fees & Info

Clarks Summit, PA

LEI: 549300CDGL2OULMP7388

Tax ID: 24-0674260

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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 Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Citizens Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, New York, East Stroudsburg, and Allentown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Savings Bank 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

    192

    Origination Dollar Volume (All Markets)

    $27,100,000

    Employee count

    75

    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
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 128 $17,350,000 $135,547 $0 0.00%
    Outside of Metro Areas 27 $4,415,000 $163,519 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 24 $3,480,000 $145,000 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 10 $1,170,000 $117,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $685,000 $228,333 $0 0.00%
    Citizens Savings Bank's top markets include Scranton, New York, East Stroudsburg, and Allentown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $27,100,000 $141,146 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 192 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $16,925,000 $208,951 $0 0.00%
    Cash Out Refi 46 $6,680,000 $145,217 $0 0.00%
    Other 28 $1,290,000 $46,071 $0 0.00%
    Home Improvement 26 $870,000 $33,462 $0 0.00%
    Refi 11 $1,335,000 $121,364 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 192 $27,100,000 $141,146 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently cited loan duration was Other, with 192 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $3,650,000 $42,442 $0 0.00%
    $200k-400k 60 $16,290,000 $271,500 $0 0.00%
    $100k-200k 44 $6,260,000 $142,273 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2018 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 86 originations, totaling $3,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $8,295,000 $176,489 $0 0.00%
    $150k-250k 42 $7,820,000 $186,190 $0 0.00%
    $75k-100k 40 $4,130,000 $103,250 $0 0.00%
    $50k-75k 26 $1,780,000 $68,462 $0 0.00%
    $50k or less 23 $1,305,000 $56,739 $0 0.00%
    $250k+ 14 $3,770,000 $269,286 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 192 $27,100,000 $141,146 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 192 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $23,865,000 $142,904 $0 0.00%
    Not provided 19 $2,105,000 $110,789 $0 0.00%
    Asian 2 $560,000 $280,000 $0 0.00%
    Not applicable 1 $325,000 $325,000 $0 0.00%
    American Indian 2 $160,000 $80,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.36%

    Citizens Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.23%

    Citizens Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 192 $27,100,000 $141,146

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 192 $27,100,000 $141,146

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Citizens Savings & Loan Corporation, Chattanooga, TN Branch Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Savings Bank 137 South Main St Taylor, PA 18517 Full Service B&M $28,329
    Citizens Savings Bank 156 South Main Avenue Scranton, PA 18504 Full Service B&M $31,170
    Citizens Savings Bank 335 Willow Ave Honesdale, PA 18431 Full Service B&M $22,344
    Citizens Savings Bank 45 Pocono Blvd Mount Pocono, PA 18344 Full Service B&M $29,854
    Citizens Savings Bank 500 South State Street Clarks Summit, PA 18411 Full Service B&M $82,336
    Citizens Savings Bank 702 Cedar Ave Scranton, PA 18505 Full Service B&M $54,892
    Citizens Savings Bank Lackawanna And Wyoming Avenues Scranton, PA 18503 Full Service B&M $29,534

    For 2018, Citizens Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,476
    Net interest income $9,706
    Total noninterest income $933
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $303
    Trading account gains and fees $0
    Additional Noninterest Income $630
    Pre-tax net operating income $1,896
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,572
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,572
    Minority interest net income $0
    Net income $1,572
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,572

    Citizens Savings Bank's gross interest income from loans was $11,476,000.
    Citizens Savings Bank's net interest income from loans was $9,706,000.
    Citizens Savings Bank's fee based income from loans was $303,000.
    Citizens Savings Bank's net income from loans was $1,572,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,770
    Provision for credit losses $180
    Total noninterest expense $8,563
    Salaries and employee benefits $4,930
    Premises and equipment expense $1,343
    Additional noninterest expense $2,290
    Applicable income taxes $324
    Net charge-offs $227
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $1,770,000.
    Citizens Savings Bank's payroll and benefits expense were $4,930,000.
    Citizens Savings Bank's property, plant and equipment expenses $1,343,000.

    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 $278,774
    Deposits held in domestic offices $278,774
    Deposits by Individuals, partnerships, and corporations $275,526
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,535
    Deposits by Commercial banks and other depository institutions in U.S. $713
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,829
    Demand deposits $14,644
    Nontransaction accounts $202,945
    Money market deposit accounts (MMDAs) $58,507
    Other savings deposits (excluding MMDAs) $29,882
    Total time deposits $114,556
    Total time and savings deposits $264,130
    Noninterest-bearing deposits $17,516
    Interest-bearing deposits $261,258
    Retail deposits $267,728
    IRAs and Keogh plan accounts $24,083
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $330,087
    Cash & Balances due from depository institutions $12,582
    Interest-bearing balances $10,806
    Total securities $47,520
    Federal funds sold & reverse repurchase $0
    Net loans and leases $253,814
    Loan and leases loss allowance $690
    Trading account assets $0
    Bank premises and fixed assets $5,257
    Other real estate owned $500
    Goodwill and other intangibles $0
    All other assets $10,414

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $330,088
    Total Liabilities $281,063
    Total deposits $278,774
    Interest-bearing deposits $261,258
    Deposits held in domestic offices $278,774
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,289

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $253,814
    Loan and leases loss allowance $690
    Total loans and leases (domestic) $254,504
    All real estate loans $254,010
    Real estate loans in domestic offices $254,010
    Construction and development loans $2,987
    Residential 1-4 family construction $2,877
    Other construction, all land development and other land $110
    Loans secured by nonfarm nonresidential properties $0
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $251,023
    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 $495
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $27
    Other loans to individuals $468
    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 $1,213
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $253,814,000 of loans outstanding in 2018. $254,010,000 of loans were in real estate loans. $2,987,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $251,023,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $27,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan