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 Cash Out Refi, Home Purchase, and Refi loans. Citizens Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Allentown, East Stroudsburg, New York, 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 above average approval rate when compared to the average across all lenders. They have a below 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

    443

    Origination Dollar Volume (All Markets)

    $78,605,000

    Employee count

    70

    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) 306 $53,350,000 $174,346 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 30 $6,300,000 $210,000 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 37 $6,235,000 $168,514 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 34 $6,230,000 $183,235 $0 0.00%
    Outside of Metro Areas 34 $6,090,000 $179,118 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    Citizens Savings Bank's top markets include Scranton, Allentown, East Stroudsburg, New York, 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 443 $78,605,000 $177,438 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 443 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 148 $25,210,000 $170,338 $0 0.00%
    Home Purchase 144 $30,310,000 $210,486 $0 0.00%
    Refi 121 $21,485,000 $177,562 $0 0.00%
    Other 19 $1,095,000 $57,632 $0 0.00%
    Home Improvement 11 $505,000 $45,909 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 148 originations. The 2nd most popular reason was Home Purchase, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 443 $78,605,000 $177,438 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently cited loan duration was Other, with 443 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 173 $25,675,000 $148,410 $0 0.00%
    $200k-400k 162 $43,590,000 $269,074 $0 0.00%
    $100,000 or less 101 $6,395,000 $63,317 $0 0.00%
    $400k-600k 7 $2,945,000 $420,714 $0 0.00%

    2020 saw Citizens Savings Bank place emphasis on $100k-200k loans with 173 originations, totaling $25,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 113 $22,065,000 $195,265 $0 0.00%
    $150k-250k 92 $21,560,000 $234,348 $0 0.00%
    $50k-75k 86 $11,180,000 $130,000 $0 0.00%
    $75k-100k 75 $11,945,000 $159,267 $0 0.00%
    $50k or less 47 $4,465,000 $95,000 $0 0.00%
    $250k+ 30 $7,390,000 $246,333 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 113 originations. The second most popular income band? $150k-250k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 443 $78,605,000 $177,438 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 443 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $72,795,000 $177,983 $0 0.00%
    Not provided 19 $3,415,000 $179,737 $0 0.00%
    Asian 6 $1,100,000 $183,333 $0 0.00%
    Black 6 $870,000 $145,000 $0 0.00%
    Native Hawaiian or Islander 2 $270,000 $135,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.51%

    Citizens Savings 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
    85.55%

    Citizens Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 443 $78,605,000 $177,438

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 443 $78,605,000 $177,438

    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 Savings Bank 335 Willow Ave Honesdale, PA 18431 Full Service B&M $22,590
    Citizens Savings Bank 137 South Main St Taylor, PA 18517 Full Service B&M $31,531
    Citizens Savings Bank 156 South Main Avenue Scranton, PA 18504 Full Service B&M $32,483
    Citizens Savings Bank 45 Pocono Blvd Mount Pocono, PA 18344 Full Service B&M $32,647
    Citizens Savings Bank 500 South State Street Clarks Summit, PA 18411 Full Service B&M $80,087
    Citizens Savings Bank 702 Cedar Ave Scranton, PA 18505 Full Service B&M $54,636
    Citizens Savings Bank Lackawanna And Wyoming Avenues Scranton, PA 18503 Full Service B&M $27,927

    For 2020, Citizens Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,243
    Net interest income $9,658
    Total noninterest income $1,075
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $247
    Trading account gains and fees $0
    Additional Noninterest Income $828
    Pre-tax net operating income $1,956
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,601
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,601
    Minority interest net income $0
    Net income $1,601
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,601

    Citizens Savings Bank's gross interest income from loans was $11,243,000.
    Citizens Savings Bank's net interest income from loans was $9,658,000.
    Citizens Savings Bank's fee based income from loans was $247,000.
    Citizens Savings Bank's net income from loans was $1,601,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,585
    Provision for credit losses $374
    Total noninterest expense $8,403
    Salaries and employee benefits $4,853
    Premises and equipment expense $1,344
    Additional noninterest expense $2,206
    Applicable income taxes $355
    Net charge-offs $-23
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $1,585,000.
    Citizens Savings Bank's payroll and benefits expense were $4,853,000.
    Citizens Savings Bank's property, plant and equipment expenses $1,344,000.

    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 2.0%
    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 $310,110
    Deposits held in domestic offices $310,110
    Deposits by Individuals, partnerships, and corporations $304,247
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,997
    Deposits by Commercial banks and other depository institutions in U.S. $1,867
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $103,472
    Demand deposits $20,455
    Nontransaction accounts $206,639
    Money market deposit accounts (MMDAs) $70,086
    Other savings deposits (excluding MMDAs) $33,346
    Total time deposits $103,207
    Total time and savings deposits $289,656
    Noninterest-bearing deposits $23,471
    Interest-bearing deposits $286,639
    Retail deposits $294,551
    IRAs and Keogh plan accounts $23,722
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $364,936
    Cash & Balances due from depository institutions $28,693
    Interest-bearing balances $26,470
    Total securities $45,031
    Federal funds sold & reverse repurchase $0
    Net loans and leases $275,252
    Loan and leases loss allowance $1,121
    Trading account assets $0
    Bank premises and fixed assets $4,993
    Other real estate owned $294
    Goodwill and other intangibles $0
    All other assets $10,673

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $364,935
    Total Liabilities $312,515
    Total deposits $310,110
    Interest-bearing deposits $286,639
    Deposits held in domestic offices $310,110
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,405

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $275,252
    Loan and leases loss allowance $1,121
    Total loans and leases (domestic) $276,373
    All real estate loans $275,992
    Real estate loans in domestic offices $275,992
    Construction and development loans $5,452
    Residential 1-4 family construction $5,348
    Other construction, all land development and other land $104
    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 $270,540
    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 $380
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $69
    Other loans to individuals $311
    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 $872
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $275,252,000 of loans outstanding in 2020. $275,992,000 of loans were in real estate loans. $5,452,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $270,540,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $69,000 of loans were in the auto loan category.

    Small Business Loans

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