Citizens Savings Bank Mortgage Rates, Fees & Info

Clarks Summit, PA

LEI: 549300CDGL2OULMP7388

Tax ID: 24-0674260

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    281

    Origination Dollar Volume (All Markets)

    $55,665,000

    Employee count

    69

    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) 157 $30,095,000 $191,688 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 35 $7,185,000 $205,286 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 33 $6,265,000 $189,848 $0 0.00%
    Outside of Metro Areas 32 $5,890,000 $184,063 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 23 $5,855,000 $254,565 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 1 $375,000 $375,000 $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 281 $55,665,000 $198,096 $0 0.00%

    For 2021, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $32,305,000 $246,603 $0 0.00%
    Cash Out Refi 109 $18,095,000 $166,009 $0 0.00%
    Refi 21 $3,765,000 $179,286 $0 0.00%
    Other 15 $965,000 $64,333 $0 0.00%
    Home Improvement 5 $535,000 $107,000 $0 0.00%

    For 2021, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 281 $55,665,000 $198,096 $0 0.00%

    For 2021, Citizens Savings Bank's most frequently cited loan duration was Other, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 109 $30,795,000 $282,523 $0 0.00%
    $100k-200k 89 $13,345,000 $149,944 $0 0.00%
    $100,000 or less 67 $4,045,000 $60,373 $0 0.00%
    $400k-600k 16 $7,480,000 $467,500 $0 0.00%

    2021 saw Citizens Savings Bank place emphasis on $200k-400k loans with 109 originations, totaling $30,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $14,710,000 $229,844 $0 0.00%
    $150k-250k 56 $14,420,000 $257,500 $0 0.00%
    $75k-100k 55 $9,305,000 $169,182 $0 0.00%
    $50k-75k 53 $8,785,000 $165,755 $0 0.00%
    $50k or less 35 $3,115,000 $89,000 $0 0.00%
    $250k+ 18 $5,330,000 $296,111 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 281 $55,665,000 $198,096 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $48,540,000 $200,579 $0 0.00%
    Not provided 20 $3,650,000 $182,500 $0 0.00%
    Asian 11 $2,215,000 $201,364 $0 0.00%
    Black 8 $1,260,000 $157,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.00%

    Citizens Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.99%

    Citizens Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 281 $55,665,000 $198,096

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    281 $55,665,000 $198,096

    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 Savings Bank 137 South Main St Taylor, PA 18517 Full Service B&M $34,516
    Citizens Savings Bank 156 South Main Avenue Scranton, PA 18504 Full Service B&M $37,876
    Citizens Savings Bank 335 Willow Ave Honesdale, PA 18431 Full Service B&M $29,166
    Citizens Savings Bank 45 Pocono Blvd Mount Pocono, PA 18344 Full Service B&M $38,191
    Citizens Savings Bank 500 South State Street Clarks Summit, PA 18411 Full Service B&M $95,645
    Citizens Savings Bank 702 Cedar Ave Scranton, PA 18505 Full Service B&M $61,932
    Citizens Savings Bank Lackawanna And Wyoming Avenues Scranton, PA 18503 Full Service B&M $30,927

    For 2021, Citizens Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,720
    Net interest income $9,736
    Total noninterest income $1,146
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $234
    Trading account gains and fees $0
    Additional Noninterest Income $912
    Pre-tax net operating income $2,370
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,911
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,911
    Minority interest net income $0
    Net income $1,911
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,911

    Citizens Savings Bank's gross interest income from loans was $10,720,000.
    Citizens Savings Bank's net interest income from loans was $9,736,000.
    Citizens Savings Bank's fee based income from loans was $234,000.
    Citizens Savings Bank's net income from loans was $1,911,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $984
    Provision for credit losses $22
    Total noninterest expense $8,490
    Salaries and employee benefits $4,869
    Premises and equipment expense $1,299
    Additional noninterest expense $2,322
    Applicable income taxes $459
    Net charge-offs $35
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $984,000.
    Citizens Savings Bank's payroll and benefits expense were $4,869,000.
    Citizens Savings Bank's property, plant and equipment expenses $1,299,000.

    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 $340,287
    Deposits held in domestic offices $340,287
    Deposits by Individuals, partnerships, and corporations $333,686
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,880
    Deposits by Commercial banks and other depository institutions in U.S. $2,721
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $123,673
    Demand deposits $25,114
    Nontransaction accounts $216,614
    Money market deposit accounts (MMDAs) $81,264
    Other savings deposits (excluding MMDAs) $37,602
    Total time deposits $97,747
    Total time and savings deposits $315,173
    Noninterest-bearing deposits $28,180
    Interest-bearing deposits $312,107
    Retail deposits $324,548
    IRAs and Keogh plan accounts $23,270
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $395,514
    Cash & Balances due from depository institutions $22,949
    Interest-bearing balances $20,960
    Total securities $84,227
    Federal funds sold & reverse repurchase $0
    Net loans and leases $272,499
    Loan and leases loss allowance $1,108
    Trading account assets $0
    Bank premises and fixed assets $4,519
    Other real estate owned $559
    Goodwill and other intangibles $0
    All other assets $10,761

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $395,514
    Total Liabilities $342,301
    Total deposits $340,287
    Interest-bearing deposits $312,107
    Deposits held in domestic offices $340,287
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,014

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $272,499
    Loan and leases loss allowance $1,108
    Total loans and leases (domestic) $273,607
    All real estate loans $273,270
    Real estate loans in domestic offices $273,270
    Construction and development loans $4,072
    Residential 1-4 family construction $3,982
    Other construction, all land development and other land $90
    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 $269,198
    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 $336
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $53
    Other loans to individuals $283
    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 $567
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $272,499,000 of loans outstanding in 2021. $273,270,000 of loans were in real estate loans. $4,072,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $269,198,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $53,000 of loans were in the auto loan category.

    Small Business Loans

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