Community State Bank Mortgage Rates, Fees & Info

Ankeny, IA

LEI: 549300JVXDPLF4P32H95

Tax ID: 42-0839178

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

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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

    Community State Bank is a smaller bank specializing in Home Purchase and Refi loans. Community State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Tucson, Grand Rapids, Ames, and Carroll among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community State Bank has an 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

    129

    Origination Dollar Volume (All Markets)

    $17,705,000

    Employee count

    123

    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
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 118 $16,100,000 $136,441 $0 0.00%
    Outside of Metro Areas 5 $865,000 $173,000 $0 0.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    AMES, IA (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    Carroll, IA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Fort Dodge, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Community State Bank's top markets include Des Moines, Tucson, Grand Rapids, Ames, and Carroll among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 129 $17,705,000 $137,248 $0 0.00%

    For 2021, Community State Bank's most frequently originated type of loan was Conventional, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $8,885,000 $174,216 $0 0.00%
    Refi 37 $4,795,000 $129,595 $0 0.00%
    Cash Out Refi 19 $2,565,000 $135,000 $0 0.00%
    Home Improvement 12 $440,000 $36,667 $0 0.00%
    Other 10 $1,020,000 $102,000 $0 0.00%

    For 2021, Community State Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 129 $17,705,000 $137,248 $0 0.00%

    For 2021, Community State Bank's most frequently cited loan duration was Other, with 129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 53 $7,375,000 $139,151 $0 0.00%
    $100,000 or less 51 $2,595,000 $50,882 $0 0.00%
    $200k-400k 21 $5,635,000 $268,333 $0 0.00%
    $400k-600k 3 $1,425,000 $475,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2021 saw Community State Bank place emphasis on $100k-200k loans with 53 originations, totaling $7,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $1,660,000 $75,455 $0 0.00%
    $50k-75k 21 $2,255,000 $107,381 $0 0.00%
    $75k-100k 18 $2,250,000 $125,000 $0 0.00%
    $100k-150k 15 $1,945,000 $129,667 $0 0.00%
    $250k+ 8 $1,830,000 $228,750 $0 0.00%
    $150k-250k 7 $975,000 $139,286 $0 0.00%

    Community State Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 129 $17,705,000 $137,248 $0 0.00%

    Community State Bank lent most frequently to those with DTI ratios of Exempt%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $11,305,000 $133,000 $0 0.00%
    Not applicable 30 $4,590,000 $153,000 $0 0.00%
    Asian 8 $940,000 $117,500 $0 0.00%
    Not provided 6 $870,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.73%

    Community State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.09%

    Community State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 129 $17,705,000 $137,248

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    129 $17,705,000 $137,248

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community State Bank 1025 N Hickory Blvd Pleasant Hill, IA 50327 Full Service B&M $66,389
    Community State Bank 1401 E Euclid Ave Des Moines, IA 50316 Full Service B&M $52,354
    Community State Bank 1640 Sw White Birch Cir Ankeny, IA 50023 Full Service B&M $216,287
    Community State Bank 200 8th St Se Altoona, IA 50009 Full Service B&M $83,576
    Community State Bank 3540 E 33rd St Des Moines, IA 50317 Full Service B&M $46,566
    Community State Bank 4811 Se 14th St Des Moines, IA 50320 Full Service B&M $37,311
    Community State Bank 6175 Merle Hay Rd Johnston, IA 50131 Full Service B&M $231,545
    Community State Bank 817 North Ankeny Boulevard Ankeny, IA 50023 Full Service B&M $188,710
    Community State Bank University Ave And Warrior Ln, 460 Se University Ave Waukee, IA 50263 Full Service B&M $15,691

    For 2021, Community State Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,353
    Net interest income $35,512
    Total noninterest income $6,092
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,240
    Trading account gains and fees $0
    Additional Noninterest Income $3,852
    Pre-tax net operating income $14,645
    Securities gains (or losses, -) $-16
    Income before extraordinary items $12,802
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,802
    Minority interest net income $0
    Net income $12,802
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,816

    Community State Bank's gross interest income from loans was $38,353,000.
    Community State Bank's net interest income from loans was $35,512,000.
    Community State Bank's fee based income from loans was $2,240,000.
    Community State Bank's net income from loans was $12,802,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,841
    Provision for credit losses $2,220
    Total noninterest expense $24,739
    Salaries and employee benefits $13,863
    Premises and equipment expense $3,744
    Additional noninterest expense $7,132
    Applicable income taxes $1,827
    Net charge-offs $-20
    Cash dividends $0

    Community State Bank's interest expense for loans was $2,841,000.
    Community State Bank's payroll and benefits expense were $13,863,000.
    Community State Bank's property, plant and equipment expenses $3,744,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $1,020,548
    Deposits held in domestic offices $1,020,548
    Deposits by Individuals, partnerships, and corporations $973,648
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $46,900
    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 $110,823
    Demand deposits $68,344
    Nontransaction accounts $909,725
    Money market deposit accounts (MMDAs) $175,128
    Other savings deposits (excluding MMDAs) $645,752
    Total time deposits $88,845
    Total time and savings deposits $952,204
    Noninterest-bearing deposits $234,996
    Interest-bearing deposits $785,552
    Retail deposits $1,004,141
    IRAs and Keogh plan accounts $20,036
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,159,048
    Cash & Balances due from depository institutions $6,129
    Interest-bearing balances $158
    Total securities $226,184
    Federal funds sold & reverse repurchase $26,300
    Net loans and leases $852,310
    Loan and leases loss allowance $14,642
    Trading account assets $0
    Bank premises and fixed assets $19,209
    Other real estate owned $0
    Goodwill and other intangibles $12,541
    All other assets $16,375

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,159,048
    Total Liabilities $1,034,139
    Total deposits $1,020,548
    Interest-bearing deposits $785,552
    Deposits held in domestic offices $1,020,548
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,591

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $852,310
    Loan and leases loss allowance $14,642
    Total loans and leases (domestic) $866,952
    All real estate loans $615,914
    Real estate loans in domestic offices $615,914
    Construction and development loans $243,337
    Residential 1-4 family construction $69,951
    Other construction, all land development and other land $173,386
    Loans secured by nonfarm nonresidential properties $190,419
    Nonfarm nonresidential secured by owner-occupied properties $67,729
    Commercial real estate & other non-farm, non-residential $122,690
    Multifamily residential real estate $100,186
    1-4 family residential loans $74,369
    Farmland loans $7,603
    Loans held in foreign offices $0
    Farm loans $5,659
    Commercial and industrial loans $196,086
    To non-U.S. addressees $0
    Loans to individuals $619
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $369
    Other loans to individuals $250
    All other loans & leases $49,054
    Loans to foreign governments and official institutions $0
    Other loans $524
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Community State Bank had $852,310,000 of loans outstanding in 2021. $615,914,000 of loans were in real estate loans. $243,337,000 of loans were in development loans. $100,186,000 of loans were in multifamily mortgage loans. $74,369,000 of loans were in 1-4 family mortgage loans. $5,659,000 of loans were in farm loans. $0 of loans were in credit card loans. $369,000 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 111 $35,186 $316,991
    Nonfarm, nonresidential loans - <$100k 15 $672 $44,800
    Nonfarm, nonresidential loans - $100-250k 27 $3,992 $147,852
    Nonfarm, nonresidential loans - $250k-1MM 69 $30,522 $442,348
    Commercial & Industrial, US addressed loans - <$1MM 360 $24,364 $67,678
    Commercial & Industrial, US addressed loans - <$100k 217 $3,915 $18,041
    Commercial & Industrial, US addressed loans - $100-250k 89 $7,660 $86,067
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $12,789 $236,833
    Farmland loans - <$1MM 16 $2,848 $178,000
    Farmland loans - <$100k 5 $195 $39,000
    Farmland loans - $100-250k 5 $774 $154,800
    Farmland loans - $250k-1MM 6 $1,879 $313,167
    Agriculture operations loans - <$1MM 19 $1,687 $88,789
    Agriculture operations loans - <$100k 8 $201 $25,125
    Agriculture operations loans - $100-250k 7 $722 $103,143
    Agriculture operations loans - $250k-1MM 4 $764 $191,000