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 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 Baton Rouge among others. We have data for 8 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

    223

    Origination Dollar Volume (All Markets)

    $27,255,000

    Employee count

    77

    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) 178 $21,110,000 $118,596 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 24 $2,790,000 $116,250 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 6 $950,000 $158,333 $0 0.00%
    Outside of Metro Areas 6 $830,000 $138,333 $0 0.00%
    Picayune, MS (FHA|USDA|VA) 4 $680,000 $170,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    McComb, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Citizens Savings Bank's top markets include Bogalusa, New Orleans, Hammond, Picayune, 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 223 $27,255,000 $122,220 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently originated type of loan was Conventional, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $20,200,000 $150,746 $0 0.00%
    Refi 67 $6,055,000 $90,373 $0 0.00%
    Home Improvement 11 $505,000 $45,909 $0 0.00%
    Other 11 $495,000 $45,000 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 223 $27,255,000 $122,220 $0 0.00%

    For 2020, Citizens Savings Bank's most frequently cited loan duration was Other, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 127 $6,285,000 $49,488 $0 0.00%
    $100k-200k 47 $6,605,000 $140,532 $0 0.00%
    $200k-400k 44 $11,350,000 $257,955 $0 0.00%
    $400k-600k 4 $2,130,000 $532,500 $0 0.00%
    $600k-1MM 1 $885,000 $885,000 $0 0.00%

    2020 saw Citizens Savings Bank place emphasis on $100,000 or less loans with 127 originations, totaling $6,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $5,035,000 $85,339 $0 0.00%
    $100k-150k 45 $8,405,000 $186,778 $0 0.00%
    $50k or less 42 $2,490,000 $59,286 $0 0.00%
    $75k-100k 33 $3,395,000 $102,879 $0 0.00%
    $150k-250k 24 $5,210,000 $217,083 $0 0.00%
    $250k+ 6 $1,060,000 $176,667 $0 0.00%

    Citizens Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 223 $27,255,000 $122,220 $0 0.00%

    Citizens Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 223 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $24,030,000 $132,033 $0 0.00%
    Not applicable 13 $1,535,000 $118,077 $0 0.00%
    Black 23 $1,375,000 $59,783 $0 0.00%
    Asian 5 $315,000 $63,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.93%

    Citizens Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.51%

    Citizens Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 223 $27,255,000 $122,220

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $135,000 $135,000
    Single Family (1-4 Units):Manufactured 41 $2,405,000 $58,659
    Single Family (1-4 Units):Site-Built 181 $24,715,000 $136,547

    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 Savings Bank 828 Main Street Franklinton, LA 70438 Full Service B&M $70,945
    Citizens Savings Bank 30271 Railroad Street Angie, LA 70426 Full Service B&M $11,471
    Citizens Savings Bank 1725 Sullivan Drive Bogalusa, LA 70427 Full Service B&M $73,347
    Citizens Savings Bank 1990 Highway 190 Covington, LA 70433 Full Service B&M $25,631
    Citizens Savings Bank 201 Cumberland Street Bogalusa, LA 70427 Full Service B&M $32,350

    For 2020, Citizens Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,410
    Net interest income $10,132
    Total noninterest income $835
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $374
    Trading account gains and fees $0
    Additional Noninterest Income $461
    Pre-tax net operating income $1,964
    Securities gains (or losses, -) $1
    Income before extraordinary items $1,606
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,606
    Minority interest net income $0
    Net income $1,606
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,605

    Citizens Savings Bank's gross interest income from loans was $12,410,000.
    Citizens Savings Bank's net interest income from loans was $10,132,000.
    Citizens Savings Bank's fee based income from loans was $374,000.
    Citizens Savings Bank's net income from loans was $1,606,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,278
    Provision for credit losses $800
    Total noninterest expense $8,203
    Salaries and employee benefits $5,281
    Premises and equipment expense $850
    Additional noninterest expense $2,072
    Applicable income taxes $359
    Net charge-offs $63
    Cash dividends $0

    Citizens Savings Bank's interest expense for loans was $2,278,000.
    Citizens Savings Bank's payroll and benefits expense were $5,281,000.
    Citizens Savings Bank's property, plant and equipment expenses $850,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 8.0%
    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 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 $215,218
    Deposits held in domestic offices $215,218
    Deposits by Individuals, partnerships, and corporations $211,114
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,104
    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 $70,825
    Demand deposits $51,725
    Nontransaction accounts $144,393
    Money market deposit accounts (MMDAs) $8,418
    Other savings deposits (excluding MMDAs) $39,219
    Total time deposits $96,756
    Total time and savings deposits $163,493
    Noninterest-bearing deposits $52,719
    Interest-bearing deposits $162,499
    Retail deposits $198,857
    IRAs and Keogh plan accounts $24,095
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $252,747
    Cash & Balances due from depository institutions $36,758
    Interest-bearing balances $30,804
    Total securities $22,184
    Federal funds sold & reverse repurchase $0
    Net loans and leases $181,196
    Loan and leases loss allowance $5,353
    Trading account assets $0
    Bank premises and fixed assets $4,628
    Other real estate owned $573
    Goodwill and other intangibles $0
    All other assets $7,408

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $252,747
    Total Liabilities $216,445
    Total deposits $215,218
    Interest-bearing deposits $162,499
    Deposits held in domestic offices $215,218
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,227

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $181,196
    Loan and leases loss allowance $5,353
    Total loans and leases (domestic) $186,549
    All real estate loans $171,117
    Real estate loans in domestic offices $171,117
    Construction and development loans $27,163
    Residential 1-4 family construction $8,285
    Other construction, all land development and other land $18,878
    Loans secured by nonfarm nonresidential properties $40,366
    Nonfarm nonresidential secured by owner-occupied properties $23,133
    Commercial real estate & other non-farm, non-residential $17,233
    Multifamily residential real estate $801
    1-4 family residential loans $92,761
    Farmland loans $10,026
    Loans held in foreign offices $0
    Farm loans $4
    Commercial and industrial loans $4,699
    To non-U.S. addressees $0
    Loans to individuals $10,678
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,558
    Other loans to individuals $8,120
    All other loans & leases $51
    Loans to foreign governments and official institutions $0
    Other loans $51
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $64
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $10,180
    Non 1-4 family restructured loans & leases $9,456
    Total loans and leases (foreign) $0

    Citizens Savings Bank had $181,196,000 of loans outstanding in 2020. $171,117,000 of loans were in real estate loans. $27,163,000 of loans were in development loans. $801,000 of loans were in multifamily mortgage loans. $92,761,000 of loans were in 1-4 family mortgage loans. $4,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,558,000 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 162 $24,095 $148,735
    Nonfarm, nonresidential loans - <$100k 67 $2,908 $43,403
    Nonfarm, nonresidential loans - $100-250k 57 $6,823 $119,702
    Nonfarm, nonresidential loans - $250k-1MM 38 $14,364 $378,000
    Commercial & Industrial, US addressed loans - <$1MM 188 $4,699 $24,995
    Commercial & Industrial, US addressed loans - <$100k 180 $4,096 $22,756
    Commercial & Industrial, US addressed loans - $100-250k 8 $603 $75,375
    Farmland loans - <$1MM 84 $7,499 $89,274
    Farmland loans - <$100k 51 $2,336 $45,804
    Farmland loans - $100-250k 26 $3,236 $124,462
    Farmland loans - $250k-1MM 7 $1,927 $275,286
    Agriculture operations loans - <$1MM 1 $4 $4,000
    Agriculture operations loans - <$100k 1 $4 $4,000