The Citizens State Bank Mortgage Rates, Fees & Info

Moundridge, KS

LEI: 549300NBFJM2PBH24L77

Tax ID: 48-0169210

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Mortgage Data

Review & Overview

The Citizens State Bank is a smaller bank specializing in Home Purchase loans. The Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Mcpherson, Hutchinson, Kansas City, and Salina among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Citizens State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

97

Origination Dollar Volume (All Markets)

$16,265,000

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
WICHITA, KS (FHA|USDA|VA) 51 $8,995,000 $176,373 $0 0.00%
McPherson, KS (FHA|USDA|VA) 22 $2,950,000 $134,091 $0 0.00%
Outside of Metro Areas 13 $2,065,000 $158,846 $0 0.00%
Hutchinson, KS (FHA|USDA|VA) 8 $1,660,000 $207,500 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Salina, KS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Emporia, KS (FHA|USDA|VA) 1 $5,000 $5,000 $0 0.00%
The Citizens State Bank's top markets include Wichita, Mcpherson, Hutchinson, Kansas City, and Salina among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $16,265,000 $167,680 $0 0.00%

    For 2023, The Citizens State Bank's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $13,030,000 $197,424 $0 0.00%
    Refi 15 $2,385,000 $159,000 $0 0.00%
    Cash Out Refi 10 $580,000 $58,000 $0 0.00%
    Other 5 $235,000 $47,000 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2023, The Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $16,265,000 $167,680 $0 0.00%

    For 2023, The Citizens State Bank's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,295,000 $58,846 $0 0.00%
    $100k-200k 32 $4,560,000 $142,500 $0 0.00%
    $200k-400k 18 $4,700,000 $261,111 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%
    $600k-1MM 3 $2,395,000 $798,333 $0 0.00%

    2023 saw The Citizens State Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,515,000 $215,000 $0 0.00%
    $50k-75k 20 $3,310,000 $165,500 $0 0.00%
    $50k or less 20 $2,130,000 $106,500 $0 0.00%
    $75k-100k 16 $1,930,000 $120,625 $0 0.00%
    $150k-250k 7 $2,005,000 $286,429 $0 0.00%
    $250k+ 3 $1,315,000 $438,333 $0 0.00%

    The Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $16,265,000 $167,680 $0 0.00%

    The Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $14,730,000 $175,357 $0 0.00%
    Not applicable 10 $1,060,000 $106,000 $0 0.00%
    Other Asian 1 $175,000 $175,000 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    The Citizens State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.91%

    The Citizens State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $16,265,000 $167,680

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $16,265,000 $167,680