The Citizens Bank Mortgage Rates, Fees & Info

Olanta, SC

LEI: 549300M723MK3TTJ2783

Tax ID: 57-0874845

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. The Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Georgetown, Sumter, Columbia, and Myrtle Beach among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Citizens 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.

    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.


    Originations

    254

    Origination Dollar Volume (All Markets)

    $45,540,000

    Employee count

    149

    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
    FLORENCE, SC (FHA|USDA|VA) 114 $15,070,000 $132,193 $0 0.00%
    Georgetown, SC (FHA|USDA|VA) 31 $9,965,000 $321,452 $0 0.00%
    SUMTER, SC (FHA|USDA|VA) 43 $5,635,000 $131,047 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 13 $4,175,000 $321,154 $0 0.00%
    Outside of Metro Areas 24 $3,030,000 $126,250 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $2,625,000 $291,667 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $2,015,000 $183,182 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $0 0.00%
    Orangeburg, SC (FHA|USDA|VA) 5 $625,000 $125,000 $0 0.00%
    Union, SC (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    The Citizens Bank's top markets include Florence, Georgetown, Sumter, Columbia, and Myrtle Beach among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Citizens Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    American Security Mortgage Corp.
    Similarity Rank: 240
    Coastal Carolina National Bank
    Similarity Rank: 260
    First Reliance Bank
    Similarity Rank: 684
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 1302
    SOUTH CAROLINA FEDERAL CREDIT UNION
    Similarity Rank: 1566
    EVERETT FINANCIAL, INC.
    Similarity Rank: 2324
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 2769
    RESIDENTIAL MORTGAGE SERVICES, INC.
    Similarity Rank: 2790
    South State Bank
    Similarity Rank: 4290
    First-Citizens Bank & Trust Company
    Similarity Rank: 4648

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 254 $45,540,000 $179,291 $0 0.00%

    For 2020, The Citizens Bank's most frequently originated type of loan was Conventional, with 254 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $28,365,000 $195,621 $0 0.00%
    Refi 99 $16,545,000 $167,121 $0 0.00%
    Home Improvement 8 $530,000 $66,250 $0 0.00%
    Other 2 $100,000 $50,000 $0 0.00%

    For 2020, The Citizens Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 254 $45,540,000 $179,291 $0 0.00%

    For 2020, The Citizens Bank's most frequently cited loan duration was Other, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $5,910,000 $50,085 $0 0.00%
    $200k-400k 62 $16,820,000 $271,290 $0 0.00%
    $100k-200k 52 $7,270,000 $139,808 $0 0.00%
    $400k-600k 12 $6,060,000 $505,000 $0 0.00%
    $600k-1MM 7 $5,455,000 $779,286 $0 0.00%
    $1MM+ 3 $4,025,000 $1,341,667 $0 0.00%

    2020 saw The Citizens Bank place emphasis on $100,000 or less loans with 118 originations, totaling $5,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 196 $33,500,000 $170,918 $0 0.00%

    The Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 196 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 254 $45,540,000 $179,291 $0 0.00%

    The Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 254 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 191 $33,305,000 $174,372 $0 0.00%
    Not applicable 56 $11,920,000 $212,857 $0 0.00%
    Black 7 $315,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.76%

    The Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.71%

    The Citizens Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 254 $45,540,000 $179,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $1,205,000 $241,000
    Multifamily:Site-Built 12 $4,550,000 $379,167
    Single Family (1-4 Units):Manufactured 42 $1,960,000 $46,667
    Single Family (1-4 Units):Site-Built 195 $37,825,000 $193,974

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Citizens Bank 10769 Ocean Highway Pawleys Island, SC 29585 Full Service B&M $16,806
    The Citizens Bank 11 Willow Grove Road Lynchburg, SC 29080 Full Service B&M $7,405
    The Citizens Bank 1225 Alice Drive Sumter, SC 29151 Full Service B&M $34,297
    The Citizens Bank 124 East Main Street Olanta, SC 29114 Full Service B&M $28,441
    The Citizens Bank 124 W Main St Olanta, SC 29114 Full Service B&M $0
    The Citizens Bank 127 South Georgetown Highway Johnsonville, SC 29555 Full Service B&M $25,765
    The Citizens Bank 1510 Exhange Street Georgetown, SC 29440 Full Service B&M $34,266
    The Citizens Bank 1600 W. Palmetto Street Florence, SC 29501 Full Service B&M $20,822
    The Citizens Bank 1718 Main Street Turbeville, SC 29162 Full Service B&M $50,362
    The Citizens Bank 1812 Highway 52 Scranton, SC 29591 Full Service B&M $0
    The Citizens Bank 206 South Fifth Street Hartsville, SC 29550 Full Service B&M $55,378
    The Citizens Bank 209 East Main Street Lake City, SC 29560 Full Service B&M $117,240
    The Citizens Bank 2220 W Dekalb St Camden, SC 29020 Full Service B&M $18,860
    The Citizens Bank 3796 Highway 17 Murrells Inlet, SC 29576 Full Service B&M $8,425
    The Citizens Bank 4700 West Palmetto Street Timmonsville, SC 29161 Full Service B&M $34,555
    The Citizens Bank 5 North Williamsburg County Highway Kingstree, SC 29556 Full Service B&M $9,752
    The Citizens Bank 5730 W. Memorial Blvd. Saint George, SC 29477 Full Service B&M $24,270
    The Citizens Bank 7 North Seventh Street Mc Bee, SC 29101 Full Service B&M $24,171
    The Citizens Bank 702 Pamplico Highway Florence, SC 29505 Full Service B&M $20,896
    The Citizens Bank 705 South Walnut Street Pamplico, SC 29583 Full Service B&M $24,997

    For 2020, The Citizens Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,683
    Net interest income $21,078
    Total noninterest income $7,912
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,214
    Trading account gains and fees $0
    Additional Noninterest Income $5,698
    Pre-tax net operating income $7,191
    Securities gains (or losses, -) $12
    Income before extraordinary items $6,016
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,016
    Minority interest net income $0
    Net income $6,016
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,005

    The Citizens Bank's gross interest income from loans was $22,683,000.
    The Citizens Bank's net interest income from loans was $21,078,000.
    The Citizens Bank's fee based income from loans was $2,214,000.
    The Citizens Bank's net income from loans was $6,016,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,605
    Provision for credit losses $1,415
    Total noninterest expense $20,384
    Salaries and employee benefits $10,705
    Premises and equipment expense $3,596
    Additional noninterest expense $6,083
    Applicable income taxes $1,187
    Net charge-offs $56
    Cash dividends $1,250

    The Citizens Bank's interest expense for loans was $1,605,000.
    The Citizens Bank's payroll and benefits expense were $10,705,000.
    The Citizens Bank's property, plant and equipment expenses $3,596,000.

    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 $582,075
    Deposits held in domestic offices $582,075
    Deposits by Individuals, partnerships, and corporations $556,657
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,418
    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 $328,109
    Demand deposits $191,910
    Nontransaction accounts $253,966
    Money market deposit accounts (MMDAs) $104,905
    Other savings deposits (excluding MMDAs) $59,602
    Total time deposits $89,461
    Total time and savings deposits $390,165
    Noninterest-bearing deposits $191,910
    Interest-bearing deposits $390,165
    Retail deposits $572,721
    IRAs and Keogh plan accounts $14,701
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $681,720
    Cash & Balances due from depository institutions $153,155
    Interest-bearing balances $143,709
    Total securities $85,943
    Federal funds sold & reverse repurchase $0
    Net loans and leases $405,102
    Loan and leases loss allowance $4,936
    Trading account assets $0
    Bank premises and fixed assets $16,962
    Other real estate owned $299
    Goodwill and other intangibles $5,627
    All other assets $14,632

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $681,719
    Total Liabilities $614,899
    Total deposits $582,075
    Interest-bearing deposits $390,165
    Deposits held in domestic offices $582,075
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $5,727
    Trading liabilities $0
    Other borrowed funds $24,000
    Subordinated debt $0
    All other liabilities $3,097

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $405,102
    Loan and leases loss allowance $4,936
    Total loans and leases (domestic) $410,038
    All real estate loans $315,444
    Real estate loans in domestic offices $315,444
    Construction and development loans $29,257
    Residential 1-4 family construction $10,748
    Other construction, all land development and other land $18,509
    Loans secured by nonfarm nonresidential properties $98,930
    Nonfarm nonresidential secured by owner-occupied properties $53,723
    Commercial real estate & other non-farm, non-residential $45,207
    Multifamily residential real estate $10,924
    1-4 family residential loans $155,795
    Farmland loans $20,538
    Loans held in foreign offices $0
    Farm loans $3,272
    Commercial and industrial loans $63,475
    To non-U.S. addressees $0
    Loans to individuals $25,875
    Credit card loans $0
    Related Plans $498
    Consumer Auto Loans $18,526
    Other loans to individuals $6,851
    All other loans & leases $1,972
    Loans to foreign governments and official institutions $0
    Other loans $95
    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 $281
    Non 1-4 family restructured loans & leases $25
    Total loans and leases (foreign) $0

    The Citizens Bank had $405,102,000 of loans outstanding in 2020. $315,444,000 of loans were in real estate loans. $29,257,000 of loans were in development loans. $10,924,000 of loans were in multifamily mortgage loans. $155,795,000 of loans were in 1-4 family mortgage loans. $3,272,000 of loans were in farm loans. $0 of loans were in credit card loans. $18,526,000 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 409 $61,297 $149,870
    Nonfarm, nonresidential loans - <$100k 135 $4,830 $35,778
    Nonfarm, nonresidential loans - $100-250k 153 $16,507 $107,889
    Nonfarm, nonresidential loans - $250k-1MM 121 $39,960 $330,248
    Commercial & Industrial, US addressed loans - <$1MM 1,797 $60,987 $33,938
    Commercial & Industrial, US addressed loans - <$100k 1,611 $31,430 $19,510
    Commercial & Industrial, US addressed loans - $100-250k 138 $15,746 $114,101
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,811 $287,729
    Farmland loans - <$1MM 190 $14,783 $77,805
    Farmland loans - <$100k 112 $4,195 $37,455
    Farmland loans - $100-250k 59 $6,397 $108,424
    Farmland loans - $250k-1MM 19 $4,191 $220,579
    Agriculture operations loans - <$1MM 38 $1,702 $44,789
    Agriculture operations loans - <$100k 27 $530 $19,630
    Agriculture operations loans - $100-250k 6 $495 $82,500
    Agriculture operations loans - $250k-1MM 5 $677 $135,400