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, Dallas, and Corpus Christi among others. We have data for 13 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% 11/21/24
    30 Year Conventional Refi 6.50% 11/21/24
    30 Year Cash-out Refi 6.86% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 7.38% 11/21/24
    15 Year Conventional Refi 6.71% 11/21/24
    15 Year Cash-out Refi 6.71% 11/21/24
    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

    233

    Origination Dollar Volume (All Markets)

    $64,935,000

    Employee count

    136

    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) 92 $27,090,000 $294,457 $3,578 4.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 83 $13,315,000 $160,422 $3,098 5.18%
    Outside of Metro Areas 30 $11,670,000 $389,000 $3,250 5.17%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $8,305,000 $437,105 $5,167 4.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $0 3.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $645,000 $645,000 $11,159 3.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $9,351 4.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.00%
    Raymondville, TX (FHA|USDA|VA) 1 $465,000 $465,000 $0 4.00%
    Huntsville, TX (FHA|USDA|VA) 1 $375,000 $375,000 $2,808 4.00%
    El Campo, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,179 6.75%
    WACO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.95%
    Bay City, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,395 3.95%
    Citizens State Bank's top markets include Brenham, College Station, Houston, Dallas, and Corpus Christi 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.

    BARTON CREEK LENDING GROUP, LLC
    Similarity Rank: 700
    Extraco Banks
    Similarity Rank: 726
    American Momentum Bank
    Similarity Rank: 1089
    GREATER TEXAS FEDERAL CREDIT UNION
    Similarity Rank: 1152
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 2173
    First Financial Bank
    Similarity Rank: 2849
    Prosperity Bank
    Similarity Rank: 3080
    Amarillo National Bank
    Similarity Rank: 3450
    AMERICA'S CHOICE HOME LOANS LP
    Similarity Rank: 4158
    Citizens Bank
    Similarity Rank: 6633

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $64,935,000 $278,691 $3,585 4.95%

    For 2021, Citizens State Bank's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 147 $48,555,000 $330,306 $3,872 4.74%
    Cash Out Refi 44 $9,390,000 $213,409 $3,073 5.23%
    Home Improvement 19 $1,925,000 $101,316 $2,940 5.84%
    Refi 17 $4,545,000 $267,353 $4,176 4.63%
    Other 6 $520,000 $86,667 $2,291 6.04%

    For 2021, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 150 $40,240,000 $268,267 $3,175 5.35%
    15 Year 47 $10,805,000 $229,894 $4,181 3.92%
    30 Year 17 $7,805,000 $459,118 $4,343 4.24%
    10 Year 8 $880,000 $110,000 $2,646 4.68%
    1 Year 6 $4,190,000 $698,333 $0 6.08%
    Other 5 $1,015,000 $203,000 $3,638 3.92%

    For 2021, Citizens State Bank's most frequently cited loan duration was 20 Year, with 150 originations. The 2nd most popular length was 15 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 102 $15,300,000 $150,000
    $1k-2k 33 $8,475,000 $256,818
    $2k-3k 6 $4,260,000 $710,000
    $4k-5k 3 $1,835,000 $611,667
    $3k-4k 1 $615,000 $615,000
    $5k+ 1 $1,255,000 $1,255,000

    Citizens State Bank's average total fees were $4,343, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 137 $44,825,000 $327,190
    4-5% 29 $8,305,000 $286,379
    7-8% 22 $3,260,000 $148,182
    Over 8% 22 $2,490,000 $113,182
    5-6% 13 $4,475,000 $344,231
    6-7% 10 $1,580,000 $158,000

    During 2021, Citizens State Bank's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 88 $12,670,000 $143,977 $3,143 4.88%
    $100,000 or less 59 $3,985,000 $67,542 $2,502 5.63%
    $200k-400k 54 $15,030,000 $278,333 $3,555 4.86%
    $400k-600k 14 $6,700,000 $478,571 $6,557 3.94%
    $1MM+ 10 $20,540,000 $2,054,000 $10,140 4.09%
    $600k-1MM 8 $6,010,000 $751,250 $8,429 4.06%

    2021 saw Citizens State Bank place emphasis on $100k-200k loans with 88 originations, totaling $12,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 41 $12,985,000 $316,707 $4,585 4.83%
    $50k or less 32 $3,750,000 $117,188 $2,582 5.38%
    $75k-100k 32 $5,000,000 $156,250 $3,254 4.59%
    $100k-150k 31 $6,145,000 $198,226 $3,191 4.99%
    $50k-75k 30 $3,910,000 $130,333 $2,859 5.88%
    $250k+ 28 $10,200,000 $364,286 $5,505 4.91%

    Citizens State Bank lent most frequently to those with incomes in the $150k-250k range, with 41 originations. The second most popular income band? $50k or less, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $8,700,000 $241,667 $4,050 4.79%
    30-36% 33 $7,735,000 $234,394 $3,584 5.28%
    <20% 31 $4,845,000 $156,290 $3,533 4.69%
    >60% 26 $6,420,000 $246,923 $3,440 5.99%
    50-60% 19 $4,055,000 $213,421 $3,682 5.03%
    39% 8 $1,180,000 $147,500 $2,533 3.91%
    43% 7 $1,325,000 $189,286 $3,617 5.06%
    40% 5 $1,905,000 $381,000 $4,767 4.89%
    36% 4 $560,000 $140,000 $2,891 4.93%
    41% 4 $740,000 $185,000 $3,109 5.30%
    45% 3 $825,000 $275,000 $3,042 6.15%
    38% 3 $495,000 $165,000 $2,382 4.25%
    42% 3 $1,125,000 $375,000 $4,952 5.83%
    47% 3 $475,000 $158,333 $2,919 5.67%
    49% 3 $545,000 $181,667 $3,339 5.83%
    37% 2 $400,000 $200,000 $2,010 3.73%
    46% 2 $430,000 $215,000 $0 4.00%
    48% 2 $210,000 $105,000 $2,701 5.63%

    Citizens State Bank lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $35,780,000 $205,632 $3,449 5.08%
    Not applicable 37 $22,715,000 $613,919 $0 4.20%
    Asian 9 $1,835,000 $203,889 $4,355 4.86%
    Black 9 $1,795,000 $199,444 $3,342 6.13%
    Not provided 3 $1,555,000 $518,333 $7,947 3.83%
    American Indian 1 $1,255,000 $1,255,000 $11,059 3.50%

    Approval Rates

    Total approvals of all applications
    95.99%

    Citizens State 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
    57.08%

    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 233 $64,935,000 $278,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    233 $64,935,000 $278,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,920,000 $121,667 $3,039 5.31%
    40-60% 33 $10,365,000 $314,091 $3,723 4.79%
    60-80% 89 $27,935,000 $313,876 $3,579 4.97%
    80-100% 78 $23,110,000 $296,282 $3,993 4.77%
    Under 20% 9 $605,000 $67,222 $2,335 5.94%

    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 State Bank 155 Eighth Street Somerville, TX 77879 Full Service B&M $144,018
    Citizens State Bank 2007 South Day Brenham, TX 77833 Full Service B&M $205,589
    Citizens State Bank 201 East Buck Street Caldwell, TX 77836 Full Service B&M $181,452
    Citizens State Bank 6498 Fm 111 Road Deanville, TX 77852 Full Service B&M $34,878
    Citizens State Bank 9109 Hwy 90 South Navasota, TX 77868 Full Service B&M $117,789
    Citizens State Bank 9850 Fm 60 East Snook, TX 77878 Full Service B&M $48,401

    For 2021, Citizens State Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,617
    Net interest income $30,781
    Total noninterest income $4,843
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,746
    Trading account gains and fees $0
    Additional Noninterest Income $2,097
    Pre-tax net operating income $15,367
    Securities gains (or losses, -) $-3
    Income before extraordinary items $12,354
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,354
    Minority interest net income $0
    Net income $12,354
    Sale, conversion, retirement of capital stock, net $12,341
    Net operating income $12,356

    Citizens State Bank's gross interest income from loans was $33,617,000.
    Citizens State Bank's net interest income from loans was $30,781,000.
    Citizens State Bank's fee based income from loans was $2,746,000.
    Citizens State Bank's net income from loans was $12,354,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,836
    Provision for credit losses $945
    Total noninterest expense $19,312
    Salaries and employee benefits $11,017
    Premises and equipment expense $2,734
    Additional noninterest expense $5,561
    Applicable income taxes $3,010
    Net charge-offs $338
    Cash dividends $6,088

    Citizens State Bank's interest expense for loans was $2,836,000.
    Citizens State Bank's payroll and benefits expense were $11,017,000.
    Citizens State Bank's property, plant and equipment expenses $2,734,000.

    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 1.0%
    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 3.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 1.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $858,840
    Deposits held in domestic offices $858,840
    Deposits by Individuals, partnerships, and corporations $767,573
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $91,267
    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 $267,201
    Demand deposits $193,436
    Nontransaction accounts $591,639
    Money market deposit accounts (MMDAs) $341,361
    Other savings deposits (excluding MMDAs) $93,942
    Total time deposits $156,336
    Total time and savings deposits $665,404
    Noninterest-bearing deposits $194,594
    Interest-bearing deposits $664,246
    Retail deposits $833,476
    IRAs and Keogh plan accounts $13,838
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $964,232
    Cash & Balances due from depository institutions $113,941
    Interest-bearing balances $99,251
    Total securities $270,860
    Federal funds sold & reverse repurchase $0
    Net loans and leases $532,487
    Loan and leases loss allowance $5,728
    Trading account assets $0
    Bank premises and fixed assets $20,527
    Other real estate owned $232
    Goodwill and other intangibles $3,120
    All other assets $23,065

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $964,232
    Total Liabilities $865,680
    Total deposits $858,840
    Interest-bearing deposits $664,246
    Deposits held in domestic offices $858,840
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,840

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $532,487
    Loan and leases loss allowance $5,728
    Total loans and leases (domestic) $538,215
    All real estate loans $410,887
    Real estate loans in domestic offices $410,887
    Construction and development loans $24,774
    Residential 1-4 family construction $18,432
    Other construction, all land development and other land $6,342
    Loans secured by nonfarm nonresidential properties $163,722
    Nonfarm nonresidential secured by owner-occupied properties $89,273
    Commercial real estate & other non-farm, non-residential $74,449
    Multifamily residential real estate $3,161
    1-4 family residential loans $174,785
    Farmland loans $44,445
    Loans held in foreign offices $0
    Farm loans $31,054
    Commercial and industrial loans $73,195
    To non-U.S. addressees $0
    Loans to individuals $22,033
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,975
    Other loans to individuals $15,058
    All other loans & leases $2,288
    Loans to foreign governments and official institutions $0
    Other loans $812
    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 $1,860
    Non 1-4 family restructured loans & leases $760
    Total loans and leases (foreign) $0

    Citizens State Bank had $532,487,000 of loans outstanding in 2021. $410,887,000 of loans were in real estate loans. $24,774,000 of loans were in development loans. $3,161,000 of loans were in multifamily mortgage loans. $174,785,000 of loans were in 1-4 family mortgage loans. $31,054,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,975,000 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 560 $90,957 $162,423
    Nonfarm, nonresidential loans - <$100k 224 $10,380 $46,339
    Nonfarm, nonresidential loans - $100-250k 192 $25,755 $134,141
    Nonfarm, nonresidential loans - $250k-1MM 144 $54,822 $380,708
    Commercial & Industrial, US addressed loans - <$1MM 1,924 $66,695 $34,665
    Commercial & Industrial, US addressed loans - <$100k 1,754 $33,614 $19,164
    Commercial & Industrial, US addressed loans - $100-250k 117 $13,871 $118,556
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $19,210 $362,453
    Farmland loans - <$1MM 174 $25,976 $149,287
    Farmland loans - <$100k 51 $2,186 $42,863
    Farmland loans - $100-250k 70 $9,679 $138,271
    Farmland loans - $250k-1MM 53 $14,111 $266,245
    Agriculture operations loans - <$1MM 1,190 $28,036 $23,560
    Agriculture operations loans - <$100k 1,140 $19,610 $17,202
    Agriculture operations loans - $100-250k 38 $4,690 $123,421
    Agriculture operations loans - $250k-1MM 12 $3,736 $311,333