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, Allentown, and Pottsville among others. We have data for 6 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

    214

    Origination Dollar Volume (All Markets)

    $32,020,000

    Employee count

    74

    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) 164 $24,080,000 $146,829 $0 0.00%
    Outside of Metro Areas 21 $3,275,000 $155,952 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $3,265,000 $217,667 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 12 $1,060,000 $88,333 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Citizens Savings Bank's top markets include Scranton, New York, East Stroudsburg, Allentown, and Pottsville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $32,020,000 $149,626 $0 0.00%

    For 2019, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $17,025,000 $200,294 $0 0.00%
    Cash Out Refi 57 $8,515,000 $149,386 $0 0.00%
    Other 27 $1,095,000 $40,556 $0 0.00%
    Home Improvement 23 $1,015,000 $44,130 $0 0.00%
    Refi 22 $4,370,000 $198,636 $0 0.00%

    For 2019, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $32,020,000 $149,626 $0 0.00%

    For 2019, Citizens Savings Bank's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $3,350,000 $40,854 $0 0.00%
    $100k-200k 67 $9,895,000 $147,687 $0 0.00%
    $200k-400k 61 $16,845,000 $276,148 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 82 originations, totaling $3,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $8,090,000 $144,464 $0 0.00%
    $75k-100k 52 $6,490,000 $124,808 $0 0.00%
    $50k-75k 32 $3,660,000 $114,375 $0 0.00%
    $150k-250k 29 $7,005,000 $241,552 $0 0.00%
    $50k or less 27 $1,525,000 $56,481 $0 0.00%
    $250k+ 18 $5,250,000 $291,667 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $75k-100k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $32,020,000 $149,626 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $29,715,000 $147,836 $0 0.00%
    Asian 4 $940,000 $235,000 $0 0.00%
    Not provided 4 $760,000 $190,000 $0 0.00%
    Black 4 $490,000 $122,500 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.73%

    Citizens Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.19%

    Citizens Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $32,020,000 $149,626

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 214 $32,020,000 $149,626

    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 Savings Bank 137 South Main St Taylor, PA 18517 Full Service B&M $28,452
    Citizens Savings Bank 156 South Main Avenue Scranton, PA 18504 Full Service B&M $30,554
    Citizens Savings Bank 335 Willow Ave Honesdale, PA 18431 Full Service B&M $20,413
    Citizens Savings Bank 45 Pocono Blvd Mount Pocono, PA 18344 Full Service B&M $31,420
    Citizens Savings Bank 500 South State Street Clarks Summit, PA 18411 Full Service B&M $83,604
    Citizens Savings Bank 702 Cedar Ave Scranton, PA 18505 Full Service B&M $53,114
    Citizens Savings Bank Lackawanna And Wyoming Avenues Scranton, PA 18503 Full Service B&M $28,657

    For 2019, Citizens Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,622
    Net interest income $9,356
    Total noninterest income $1,026
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $318
    Trading account gains and fees $0
    Additional Noninterest Income $708
    Pre-tax net operating income $1,641
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,324
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,324
    Minority interest net income $0
    Net income $1,324
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,324

    Citizens Savings Bank's gross interest income from loans was $11,622,000.
    Citizens Savings Bank's net interest income from loans was $9,356,000.
    Citizens Savings Bank's fee based income from loans was $318,000.
    Citizens Savings Bank's net income from loans was $1,324,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,266
    Provision for credit losses $67
    Total noninterest expense $8,674
    Salaries and employee benefits $5,047
    Premises and equipment expense $1,345
    Additional noninterest expense $2,282
    Applicable income taxes $317
    Net charge-offs $33
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $2,266,000.
    Citizens Savings Bank's payroll and benefits expense were $5,047,000.
    Citizens Savings Bank's property, plant and equipment expenses $1,345,000.

    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 1.0%
    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 $265,237
    Deposits held in domestic offices $265,237
    Deposits by Individuals, partnerships, and corporations $262,084
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,447
    Deposits by Commercial banks and other depository institutions in U.S. $705
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $79,724
    Demand deposits $14,722
    Nontransaction accounts $185,512
    Money market deposit accounts (MMDAs) $58,910
    Other savings deposits (excluding MMDAs) $29,434
    Total time deposits $97,168
    Total time and savings deposits $250,514
    Noninterest-bearing deposits $17,578
    Interest-bearing deposits $247,659
    Retail deposits $254,536
    IRAs and Keogh plan accounts $23,689
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $318,303
    Cash & Balances due from depository institutions $19,624
    Interest-bearing balances $17,304
    Total securities $30,035
    Federal funds sold & reverse repurchase $0
    Net loans and leases $252,525
    Loan and leases loss allowance $725
    Trading account assets $0
    Bank premises and fixed assets $5,282
    Other real estate owned $247
    Goodwill and other intangibles $0
    All other assets $10,590

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $318,303
    Total Liabilities $267,524
    Total deposits $265,237
    Interest-bearing deposits $247,659
    Deposits held in domestic offices $265,237
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,287

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $252,525
    Loan and leases loss allowance $725
    Total loans and leases (domestic) $253,250
    All real estate loans $252,869
    Real estate loans in domestic offices $252,869
    Construction and development loans $2,857
    Residential 1-4 family construction $2,679
    Other construction, all land development and other land $178
    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 $250,012
    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 $382
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $67
    Other loans to individuals $315
    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 $687
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $252,525,000 of loans outstanding in 2019. $252,869,000 of loans were in real estate loans. $2,857,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $250,012,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $67,000 of loans were in the auto loan category.

    Small Business Loans

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