Citizens Savings Bank Mortgage Rates, Fees & Info

Bogalusa, LA

LEI: 549300ESV371MYVWQV54

Tax ID: 72-0369226

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Citizens Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bogalusa, New Orleans, Hammond, Gulfport, and Baton Rouge among others. We have data for 9 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.

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Originations

236

Origination Dollar Volume (All Markets)

$30,840,000

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
Bogalusa, LA (FHA\|USDA\|VA)	152	$15,990,000	$105,197	$0	0.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	46	$8,780,000	$190,870	$0	0.00%
HAMMOND, LA (FHA\|USDA\|VA)	20	$2,840,000	$142,000	$0	0.00%
Outside of Metro Areas	11	$1,365,000	$124,091	$0	0.00%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	2	$580,000	$290,000	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	2	$420,000	$210,000	$0	0.00%
McComb, MS (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	0.00%
HATTIESBURG, MS (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	0.00%

Citizens Savings Bank's top markets include Bogalusa, New Orleans, Hammond, Gulfport, and Baton Rouge among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	236	$30,840,000	$130,678	$0	0.00%

For 2024, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 236 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	106	$18,110,000	$170,849	$0	0.00%
Refi	75	$9,445,000	$125,933	$0	0.00%
Home Improvement	37	$2,445,000	$66,081	$0	0.00%
Other	18	$840,000	$46,667	$0	0.00%

For 2024, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 75 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	236	$30,840,000	$130,678	$0	0.00%

For 2024, Citizens Savings Bank's most frequently cited loan duration was Other, with 236 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	129	$6,285,000	$48,721	$0	0.00%
$100k-200k	57	$8,585,000	$150,614	$0	0.00%
$200k-400k	42	$11,710,000	$278,810	$0	0.00%
$400k-600k	5	$2,285,000	$457,000	$0	0.00%
$600k-1MM	3	$1,975,000	$658,333	$0	0.00%

2024 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 129 originations, totaling $6,285,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	51	$9,105,000	$178,529	$0	0.00%
$100k-150k	47	$6,555,000	$139,468	$0	0.00%
$75k-100k	36	$3,960,000	$110,000	$0	0.00%
$50k-75k	31	$3,785,000	$122,097	$0	0.00%
$50k or less	25	$1,195,000	$47,800	$0	0.00%
$250k+	14	$2,710,000	$193,571	$0	0.00%

Citizens Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 51 originations. The second most popular income band? $100k-150k, with 47 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	236	$30,840,000	$130,678	$0	0.00%

Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 236 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	171	$24,855,000	$145,351	$0	0.00%
Not applicable	32	$3,530,000	$110,313	$0	0.00%
Black	30	$1,760,000	$58,667	$0	0.00%
Asian	3	$695,000	$231,667	$0	0.00%

Approval Rates

Total approvals of all applications
94.28%

Citizens Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.36%

Citizens Savings Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	236	$30,840,000	$130,678

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	236	$30,840,000	$130,678