Citizens Savings Bank Mortgage Rates, Fees & Info

Bogalusa, LA

LEI: 549300ESV371MYVWQV54

Tax ID: 72-0369226

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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 Home Purchase and Cash Out Refi loans. Citizens Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bogalusa, New Orleans, Hammond, Picayune, and Crestview among others. We have data for 10 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

    268

    Origination Dollar Volume (All Markets)

    $29,210,000

    Employee count

    88

    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) 210 $19,130,000 $91,095 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 38 $7,350,000 $193,421 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 8 $1,340,000 $167,500 $0 0.00%
    Outside of Metro Areas 4 $390,000 $97,500 $0 0.00%
    Picayune, MS (FHA|USDA|VA) 3 $385,000 $128,333 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    McComb, MS (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Citizens Savings Bank's top markets include Bogalusa, New Orleans, Hammond, Picayune, and Crestview among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 268 $29,210,000 $108,993 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 268 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 123 $16,015,000 $130,203 $0 0.00%
    Cash Out Refi 58 $6,690,000 $115,345 $0 0.00%
    Refi 53 $4,795,000 $90,472 $0 0.00%
    Home Improvement 18 $840,000 $46,667 $0 0.00%
    Other 16 $870,000 $54,375 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 268 $29,210,000 $108,993 $0 0.00%

    For 2018, Citizens Savings Bank's most frequently cited loan duration was Other, with 268 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 165 $7,725,000 $46,818 $0 0.00%
    $100k-200k 59 $8,465,000 $143,475 $0 0.00%
    $200k-400k 39 $10,285,000 $263,718 $0 0.00%
    $400k-600k 4 $1,890,000 $472,500 $0 0.00%
    $600k-1MM 1 $845,000 $845,000 $0 0.00%

    2018 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 165 originations, totaling $7,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $3,740,000 $56,667 $0 0.00%
    $50k-75k 65 $5,545,000 $85,308 $0 0.00%
    $75k-100k 45 $4,765,000 $105,889 $0 0.00%
    $100k-150k 39 $6,485,000 $166,282 $0 0.00%
    $150k-250k 28 $4,720,000 $168,571 $0 0.00%
    $250k+ 4 $1,130,000 $282,500 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $50k-75k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 268 $29,210,000 $108,993 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 268 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 214 $24,080,000 $112,523 $0 0.00%
    Not applicable 18 $2,460,000 $136,667 $0 0.00%
    Black 31 $2,075,000 $66,935 $0 0.00%
    Asian 4 $470,000 $117,500 $0 0.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.86%

    Citizens Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.07%

    Citizens Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 268 $29,210,000 $108,993

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $250,000 $62,500
    Single Family (1-4 Units):Manufactured 49 $2,995,000 $61,122
    Single Family (1-4 Units):Site-Built 215 $25,965,000 $120,767

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Citizens Savings & Loan Corporation, Chattanooga, TN Branch Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Savings Bank 1725 Sullivan Drive Bogalusa, LA 70427 Full Service B&M $66,013
    Citizens Savings Bank 1990 Highway 190 Covington, LA 70433 Full Service B&M $23,147
    Citizens Savings Bank 201 Cumberland Street Bogalusa, LA 70427 Full Service B&M $28,844
    Citizens Savings Bank 30271 Railroad Street Angie, LA 70426 Full Service B&M $9,299
    Citizens Savings Bank 828 Main Street Franklinton, LA 70438 Full Service B&M $62,782

    For 2018, Citizens Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,048
    Net interest income $10,236
    Total noninterest income $961
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $477
    Trading account gains and fees $0
    Additional Noninterest Income $484
    Pre-tax net operating income $2,051
    Securities gains (or losses, -) $-2
    Income before extraordinary items $1,668
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,668
    Minority interest net income $0
    Net income $1,668
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,669

    Citizens Savings Bank's gross interest income from loans was $12,048,000.
    Citizens Savings Bank's net interest income from loans was $10,236,000.
    Citizens Savings Bank's fee based income from loans was $477,000.
    Citizens Savings Bank's net income from loans was $1,668,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,812
    Provision for credit losses $646
    Total noninterest expense $8,500
    Salaries and employee benefits $5,463
    Premises and equipment expense $902
    Additional noninterest expense $2,135
    Applicable income taxes $381
    Net charge-offs $310
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $1,812,000.
    Citizens Savings Bank's payroll and benefits expense were $5,463,000.
    Citizens Savings Bank's property, plant and equipment expenses $902,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $194,881
    Deposits held in domestic offices $194,881
    Deposits by Individuals, partnerships, and corporations $190,774
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,107
    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 $55,051
    Demand deposits $40,560
    Nontransaction accounts $139,830
    Money market deposit accounts (MMDAs) $9,068
    Other savings deposits (excluding MMDAs) $32,574
    Total time deposits $98,188
    Total time and savings deposits $154,321
    Noninterest-bearing deposits $41,458
    Interest-bearing deposits $153,423
    Retail deposits $180,714
    IRAs and Keogh plan accounts $23,673
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $231,395
    Cash & Balances due from depository institutions $13,975
    Interest-bearing balances $11,536
    Total securities $22,948
    Federal funds sold & reverse repurchase $0
    Net loans and leases $182,209
    Loan and leases loss allowance $4,173
    Trading account assets $0
    Bank premises and fixed assets $4,838
    Other real estate owned $85
    Goodwill and other intangibles $0
    All other assets $7,340

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $231,395
    Total Liabilities $199,089
    Total deposits $194,881
    Interest-bearing deposits $153,423
    Deposits held in domestic offices $194,881
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $1,208

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $182,209
    Loan and leases loss allowance $4,173
    Total loans and leases (domestic) $186,382
    All real estate loans $168,214
    Real estate loans in domestic offices $168,214
    Construction and development loans $22,970
    Residential 1-4 family construction $7,329
    Other construction, all land development and other land $15,641
    Loans secured by nonfarm nonresidential properties $38,416
    Nonfarm nonresidential secured by owner-occupied properties $22,850
    Commercial real estate & other non-farm, non-residential $15,566
    Multifamily residential real estate $0
    1-4 family residential loans $94,004
    Farmland loans $12,824
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,419
    To non-U.S. addressees $0
    Loans to individuals $12,703
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,110
    Other loans to individuals $9,593
    All other loans & leases $46
    Loans to foreign governments and official institutions $0
    Other loans $17
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $588
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $10,366
    Non 1-4 family restructured loans & leases $10,127
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $182,209,000 of loans outstanding in 2018. $168,214,000 of loans were in real estate loans. $22,970,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $94,004,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,110,000 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 149 $22,094 $148,282
    Nonfarm, nonresidential loans - <$100k 60 $2,412 $40,200
    Nonfarm, nonresidential loans - $100-250k 56 $6,971 $124,482
    Nonfarm, nonresidential loans - $250k-1MM 33 $12,711 $385,182
    Commercial & Industrial, US addressed loans - <$1MM 206 $5,419 $26,306
    Commercial & Industrial, US addressed loans - <$100k 195 $3,888 $19,938
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,531 $139,182
    Farmland loans - <$1MM 104 $9,685 $93,125
    Farmland loans - <$100k 62 $2,982 $48,097
    Farmland loans - $100-250k 33 $4,608 $139,636
    Farmland loans - $250k-1MM 9 $2,095 $232,778