Citizens State Bank Mortgage Rates, Fees & Info

Somerville, TX

LEI: 549300DLHIZLJ7617Q04

Tax ID: 74-0557930

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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: Brenham, College Station, Houston, Austin, and Fredericksburg among others. We have data for 9 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. They have a below average pick rate when compared to similar lenders. Citizens State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.83% 4/28/24
    30 Year Conventional Refi 6.50% 4/28/24
    30 Year Cash-out Refi 6.86% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 7.38% 4/28/24
    15 Year Conventional Refi 6.71% 4/28/24
    15 Year Cash-out Refi 6.71% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Citizens State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Citizens State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    242

    Origination Dollar Volume (All Markets)

    $50,970,000

    Employee count

    128

    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
    Brenham, TX (FHA|USDA|VA) 89 $21,545,000 $242,079 $3,323 5.51%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 92 $14,800,000 $160,870 $2,677 5.66%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 25 $7,565,000 $302,600 $3,011 5.69%
    Outside of Metro Areas 29 $5,425,000 $187,069 $3,330 5.64%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $480,000 $240,000 $3,568 6.38%
    Fredericksburg, TX (FHA|USDA|VA) 1 $405,000 $405,000 $4,955 4.00%
    VICTORIA, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.50%
    Bay City, TX (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,630 5.00%
    Citizens State Bank's top markets include Brenham, College Station, Houston, Austin, and Fredericksburg among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Momentum Bank
    Similarity Rank: 476
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    Similarity Rank: 938
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 1224
    GREATER TEXAS FEDERAL CREDIT UNION
    Similarity Rank: 1428
    Amarillo National Bank
    Similarity Rank: 3060
    AMERICA'S CHOICE HOME LOANS LP
    Similarity Rank: 3456
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 3933
    TEXAS DOW EMPLOYEES CREDIT UNION
    Similarity Rank: 4158
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    Similarity Rank: 5940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 242 $50,970,000 $210,620 $3,034 5.60%

    For 2020, Citizens State Bank's most frequently originated type of loan was Conventional, with 242 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $32,695,000 $245,827 $3,307 5.33%
    Cash Out Refi 54 $9,680,000 $179,259 $2,692 5.91%
    Home Improvement 20 $3,190,000 $159,500 $2,786 6.06%
    Refi 18 $3,220,000 $178,889 $2,570 5.54%
    Other 17 $2,185,000 $128,529 $2,992 6.25%

    For 2020, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 171 $33,545,000 $196,170 $2,866 6.01%
    15 Year 35 $4,225,000 $120,714 $2,951 4.44%
    30 Year 23 $9,965,000 $433,261 $4,185 4.38%
    10 Year 6 $450,000 $75,000 $2,403 4.87%
    1 Year 6 $2,570,000 $428,333 $0 6.00%
    Other 1 $215,000 $215,000 $3,335 7.25%

    For 2020, Citizens State Bank's most frequently cited loan duration was 20 Year, with 171 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 137 $21,195,000 $154,708
    $1k-2k 27 $9,075,000 $336,111
    $2k-3k 2 $1,310,000 $655,000

    Citizens State Bank's average total fees were $4,185, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 93 $24,275,000 $261,022
    Over 8% 40 $5,100,000 $127,500
    5-6% 38 $8,390,000 $220,789
    4-5% 31 $7,425,000 $239,516
    7-8% 26 $3,810,000 $146,538
    6-7% 14 $1,970,000 $140,714

    During 2020, Citizens State Bank's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 3-4%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $12,495,000 $143,621 $2,937 5.65%
    $100,000 or less 80 $5,340,000 $66,750 $2,374 6.09%
    $200k-400k 45 $11,825,000 $262,778 $2,936 5.22%
    $400k-600k 18 $8,750,000 $486,111 $4,304 4.97%
    $600k-1MM 7 $5,995,000 $856,429 $7,649 4.38%
    $1MM+ 5 $6,565,000 $1,313,000 $10,799 4.35%

    2020 saw Citizens State Bank place emphasis on $100k-200k loans with 87 originations, totaling $12,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $9,725,000 $170,614 $2,813 5.89%
    $50k-75k 36 $3,980,000 $110,556 $2,887 5.55%
    $150k-250k 31 $7,455,000 $240,484 $3,336 6.07%
    $250k+ 31 $11,905,000 $384,032 $4,480 4.57%
    $50k or less 30 $2,500,000 $83,333 $2,291 6.47%
    $75k-100k 27 $4,315,000 $159,815 $2,761 5.65%

    Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $8,870,000 $184,792 $3,253 5.30%
    30-36% 42 $7,770,000 $185,000 $2,810 6.00%
    <20% 24 $3,890,000 $162,083 $3,354 5.17%
    >60% 18 $3,960,000 $220,000 $2,563 6.75%
    50-60% 17 $3,935,000 $231,471 $2,770 6.50%
    38% 10 $2,150,000 $215,000 $3,837 4.71%
    37% 9 $1,875,000 $208,333 $3,589 5.52%
    36% 8 $1,130,000 $141,250 $2,502 5.89%
    41% 6 $1,380,000 $230,000 $2,987 4.68%
    40% 6 $1,340,000 $223,333 $3,330 4.99%
    39% 5 $735,000 $147,000 $2,525 5.30%
    42% 5 $945,000 $189,000 $2,260 5.85%
    49% 4 $380,000 $95,000 $2,520 6.31%
    43% 4 $700,000 $175,000 $3,565 6.11%
    46% 3 $445,000 $148,333 $3,055 7.17%
    48% 3 $395,000 $131,667 $2,744 4.50%
    45% 3 $275,000 $91,667 $2,809 5.42%
    47% 1 $195,000 $195,000 $1,518 7.25%

    Citizens State Bank lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 192 $35,940,000 $187,188 $3,026 5.72%
    Not applicable 26 $10,600,000 $407,692 $0 4.90%
    Black 16 $3,240,000 $202,500 $3,036 5.54%
    Asian 4 $780,000 $195,000 $3,326 5.11%
    Not provided 2 $280,000 $140,000 $3,824 4.00%
    American Indian 2 $130,000 $65,000 $2,860 6.75%

    Approval Rates

    Total approvals of all applications
    90.07%

    Citizens State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.72%

    Citizens State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 242 $50,970,000 $210,620

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $105,000 $105,000
    Multifamily:Site-Built 3 $715,000 $238,333
    Single Family (1-4 Units):Manufactured 39 $4,205,000 $107,821
    Single Family (1-4 Units):Site-Built 199 $45,945,000 $230,879

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $4,135,000 $179,783 $2,737 6.16%
    40-60% 36 $5,010,000 $139,167 $2,758 5.69%
    60-80% 106 $23,470,000 $221,415 $3,178 5.67%
    80-100% 74 $18,140,000 $245,135 $3,150 5.27%
    Under 20% 3 $215,000 $71,667 $2,412 6.00%

    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 State Bank 155 Eighth Street Somerville, TX 77879 Full Service B&M $133,833
    Citizens State Bank 2007 South Day Brenham, TX 77833 Full Service B&M $163,395
    Citizens State Bank 201 East Buck Street Caldwell, TX 77836 Full Service B&M $150,888
    Citizens State Bank 6498 Fm 111 Road Deanville, TX 77852 Full Service B&M $33,387
    Citizens State Bank 9109 Hwy 90 South Navasota, TX 77868 Full Service B&M $95,231
    Citizens State Bank 9850 Fm 60 East Snook, TX 77878 Full Service B&M $45,900

    For 2020, Citizens State Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,562
    Net interest income $28,657
    Total noninterest income $4,370
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,613
    Trading account gains and fees $0
    Additional Noninterest Income $1,757
    Pre-tax net operating income $13,894
    Securities gains (or losses, -) $39
    Income before extraordinary items $11,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,155
    Minority interest net income $0
    Net income $11,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,123

    Citizens State Bank's gross interest income from loans was $32,562,000.
    Citizens State Bank's net interest income from loans was $28,657,000.
    Citizens State Bank's fee based income from loans was $2,613,000.
    Citizens State Bank's net income from loans was $11,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,905
    Provision for credit losses $1,050
    Total noninterest expense $18,083
    Salaries and employee benefits $10,514
    Premises and equipment expense $2,581
    Additional noninterest expense $4,988
    Applicable income taxes $2,778
    Net charge-offs $621
    Cash dividends $2,378

    Citizens State Bank's interest expense for loans was $3,905,000.
    Citizens State Bank's payroll and benefits expense were $10,514,000.
    Citizens State Bank's property, plant and equipment expenses $2,581,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 2.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $687,208
    Deposits held in domestic offices $687,208
    Deposits by Individuals, partnerships, and corporations $596,459
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $90,749
    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 $212,169
    Demand deposits $143,462
    Nontransaction accounts $475,039
    Money market deposit accounts (MMDAs) $272,263
    Other savings deposits (excluding MMDAs) $65,033
    Total time deposits $137,743
    Total time and savings deposits $543,746
    Noninterest-bearing deposits $143,632
    Interest-bearing deposits $543,576
    Retail deposits $660,707
    IRAs and Keogh plan accounts $11,138
    Brokered deposits $9,281
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $776,470
    Cash & Balances due from depository institutions $73,731
    Interest-bearing balances $60,245
    Total securities $193,324
    Federal funds sold & reverse repurchase $0
    Net loans and leases $469,998
    Loan and leases loss allowance $5,120
    Trading account assets $0
    Bank premises and fixed assets $20,319
    Other real estate owned $1,338
    Goodwill and other intangibles $0
    All other assets $17,760

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $776,470
    Total Liabilities $693,458
    Total deposits $687,208
    Interest-bearing deposits $543,576
    Deposits held in domestic offices $687,208
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,250

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $469,998
    Loan and leases loss allowance $5,120
    Total loans and leases (domestic) $475,118
    All real estate loans $350,977
    Real estate loans in domestic offices $350,977
    Construction and development loans $19,119
    Residential 1-4 family construction $11,830
    Other construction, all land development and other land $7,289
    Loans secured by nonfarm nonresidential properties $136,039
    Nonfarm nonresidential secured by owner-occupied properties $91,067
    Commercial real estate & other non-farm, non-residential $44,972
    Multifamily residential real estate $3,823
    1-4 family residential loans $151,493
    Farmland loans $40,503
    Loans held in foreign offices $0
    Farm loans $27,746
    Commercial and industrial loans $75,630
    To non-U.S. addressees $0
    Loans to individuals $18,527
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,850
    Other loans to individuals $12,677
    All other loans & leases $3,346
    Loans to foreign governments and official institutions $0
    Other loans $1,704
    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 $321
    Non 1-4 family restructured loans & leases $321
    Total loans and leases (foreign) $0

    Citizens State Bank had $469,998,000 of loans outstanding in 2020. $350,977,000 of loans were in real estate loans. $19,119,000 of loans were in development loans. $3,823,000 of loans were in multifamily mortgage loans. $151,493,000 of loans were in 1-4 family mortgage loans. $27,746,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,850,000 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 477 $71,455 $149,801
    Nonfarm, nonresidential loans - <$100k 204 $5,634 $27,618
    Nonfarm, nonresidential loans - $100-250k 149 $19,437 $130,450
    Nonfarm, nonresidential loans - $250k-1MM 124 $46,384 $374,065
    Commercial & Industrial, US addressed loans - <$1MM 2,172 $69,757 $32,116
    Commercial & Industrial, US addressed loans - <$100k 1,998 $37,162 $18,600
    Commercial & Industrial, US addressed loans - $100-250k 118 $13,613 $115,364
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $18,982 $338,964
    Farmland loans - <$1MM 147 $20,520 $139,592
    Farmland loans - <$100k 46 $1,990 $43,261
    Farmland loans - $100-250k 58 $8,035 $138,534
    Farmland loans - $250k-1MM 43 $10,495 $244,070
    Agriculture operations loans - <$1MM 1,113 $24,140 $21,689
    Agriculture operations loans - <$100k 1,066 $17,041 $15,986
    Agriculture operations loans - $100-250k 36 $4,914 $136,500
    Agriculture operations loans - $250k-1MM 11 $2,185 $198,636