The Citizens State Bank Mortgage Rates, Fees & Info

Moundridge, KS

LEI: 549300NBFJM2PBH24L77

Tax ID: 48-0169210

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 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, Tulsa, Branson, and Hutchinson among others. We have data for 11 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.

    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

    136

    Origination Dollar Volume (All Markets)

    $18,410,000

    Employee count

    99

    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) 55 $7,365,000 $133,909 $0 0.00%
    McPherson, KS (FHA|USDA|VA) 56 $7,080,000 $126,429 $0 0.00%
    Outside of Metro Areas 14 $2,130,000 $152,143 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    Branson, MO (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Ponca City, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Ottawa, KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Salina, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    The Citizens State Bank's top markets include Wichita, Mcpherson, Tulsa, Branson, and Hutchinson among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $16,990,000 $137,016 $0 0.00%
    USDA 12 $1,420,000 $118,333 $0 0.00%

    For 2018, The Citizens State Bank's most frequently originated type of loan was Conventional, with 124 originations. Their 2nd most popular type was USDA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $12,935,000 $148,678 $0 0.00%
    Refi 23 $2,895,000 $125,870 $0 0.00%
    Cash Out Refi 16 $2,190,000 $136,875 $0 0.00%
    Other 8 $320,000 $40,000 $0 0.00%
    Home Improvement 2 $70,000 $35,000 $0 0.00%

    For 2018, The Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $18,410,000 $135,368 $0 0.00%

    For 2018, The Citizens State Bank's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,420,000 $140,333 $0 0.00%
    $100,000 or less 48 $2,650,000 $55,208 $0 0.00%
    $200k-400k 26 $6,490,000 $249,615 $0 0.00%
    $400k-600k 2 $850,000 $425,000 $0 0.00%

    2018 saw The Citizens State Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $2,995,000 $80,946 $0 0.00%
    $75k-100k 32 $4,690,000 $146,563 $0 0.00%
    $50k-75k 27 $3,065,000 $113,519 $0 0.00%
    $100k-150k 19 $3,605,000 $189,737 $0 0.00%
    $150k-250k 16 $2,910,000 $181,875 $0 0.00%
    $250k+ 3 $825,000 $275,000 $0 0.00%

    The Citizens State Bank lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $18,410,000 $135,368 $0 0.00%

    The Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 134 $17,980,000 $134,179 $0 0.00%
    Not applicable 1 $265,000 $265,000 $0 0.00%
    Not provided 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.27%

    The Citizens State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.18%

    The Citizens State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $18,410,000 $135,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $325,000 $325,000
    Single Family (1-4 Units):Site-Built 135 $18,085,000 $133,963

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Citizens State Bank 104 S. Centennial Drive Mcpherson, KS 67460 Full Service B&M $0
    The Citizens State Bank 110 North Main Street Canton, KS 67428 Full Service B&M $13,254
    The Citizens State Bank 1225 North Main Street Newton, KS 67114 Full Service B&M $4,145
    The Citizens State Bank 1300 North Main Street Mcpherson, KS 67460 Full Service B&M $0
    The Citizens State Bank 1701 South Kansas Avenue Newton, KS 67114 Full Service Retail $6,549
    The Citizens State Bank 200 West Cedar Hesston, KS 67062 Limited, Mobile/Seasonal Office $0
    The Citizens State Bank 201 North Main Street Hesston, KS 67062 Full Service B&M $77,235
    The Citizens State Bank 201 South Christian Avenue Moundridge, KS 67107 Full Service B&M $84,345
    The Citizens State Bank 223 North Main Street Mcpherson, KS 67460 Full Service B&M $113,697
    The Citizens State Bank 2315 South Kansas Avenue Newton, KS 67114 Full Service B&M $11,972
    The Citizens State Bank 600 East Main Street Goessel, KS 67053 Full Service B&M $20,769
    The Citizens State Bank 86 - 22nd Avenue Moundridge, KS 67107 Limited, Mobile/Seasonal Office $0

    For 2018, The Citizens State Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,933
    Net interest income $13,751
    Total noninterest income $2,135
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $409
    Trading account gains and fees $0
    Additional Noninterest Income $1,726
    Pre-tax net operating income $4,944
    Securities gains (or losses, -) $-34
    Income before extraordinary items $4,534
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,534
    Minority interest net income $0
    Net income $4,534
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,565

    The Citizens State Bank's gross interest income from loans was $15,933,000.
    The Citizens State Bank's net interest income from loans was $13,751,000.
    The Citizens State Bank's fee based income from loans was $409,000.
    The Citizens State Bank's net income from loans was $4,534,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,182
    Provision for credit losses $240
    Total noninterest expense $10,702
    Salaries and employee benefits $6,279
    Premises and equipment expense $613
    Additional noninterest expense $3,810
    Applicable income taxes $376
    Net charge-offs $3
    Cash dividends $5,366

    The Citizens State Bank's interest expense for loans was $2,182,000.
    The Citizens State Bank's payroll and benefits expense were $6,279,000.
    The Citizens State Bank's property, plant and equipment expenses $613,000.

    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 1.0%
    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 $328,613
    Deposits held in domestic offices $328,613
    Deposits by Individuals, partnerships, and corporations $273,805
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,808
    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 $141,531
    Demand deposits $60,398
    Nontransaction accounts $187,082
    Money market deposit accounts (MMDAs) $78,279
    Other savings deposits (excluding MMDAs) $40,091
    Total time deposits $68,712
    Total time and savings deposits $268,215
    Noninterest-bearing deposits $60,398
    Interest-bearing deposits $268,215
    Retail deposits $303,817
    IRAs and Keogh plan accounts $11,766
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $425,599
    Cash & Balances due from depository institutions $15,047
    Interest-bearing balances $6,701
    Total securities $152,814
    Federal funds sold & reverse repurchase $770
    Net loans and leases $233,866
    Loan and leases loss allowance $3,018
    Trading account assets $0
    Bank premises and fixed assets $3,989
    Other real estate owned $93
    Goodwill and other intangibles $3,792
    All other assets $15,228

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $425,599
    Total Liabilities $380,010
    Total deposits $328,613
    Interest-bearing deposits $268,215
    Deposits held in domestic offices $328,613
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $5,078
    Trading liabilities $0
    Other borrowed funds $44,408
    Subordinated debt $0
    All other liabilities $1,911

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $233,866
    Loan and leases loss allowance $3,018
    Total loans and leases (domestic) $236,884
    All real estate loans $150,153
    Real estate loans in domestic offices $150,153
    Construction and development loans $1,498
    Residential 1-4 family construction $1,096
    Other construction, all land development and other land $402
    Loans secured by nonfarm nonresidential properties $23,848
    Nonfarm nonresidential secured by owner-occupied properties $6,204
    Commercial real estate & other non-farm, non-residential $17,644
    Multifamily residential real estate $5,727
    1-4 family residential loans $34,654
    Farmland loans $84,426
    Loans held in foreign offices $0
    Farm loans $51,528
    Commercial and industrial loans $20,667
    To non-U.S. addressees $0
    Loans to individuals $4,604
    Credit card loans $0
    Related Plans $210
    Consumer Auto Loans $2,871
    Other loans to individuals $1,523
    All other loans & leases $9,932
    Loans to foreign governments and official institutions $0
    Other loans $190
    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 $95
    Non 1-4 family restructured loans & leases $42
    Total loans and leases (foreign) $0

    The Citizens State Bank had $233,866,000 of loans outstanding in 2018. $150,153,000 of loans were in real estate loans. $1,498,000 of loans were in development loans. $5,727,000 of loans were in multifamily mortgage loans. $34,654,000 of loans were in 1-4 family mortgage loans. $51,528,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,871,000 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 105 $14,522 $138,305
    Nonfarm, nonresidential loans - <$100k 52 $2,264 $43,538
    Nonfarm, nonresidential loans - $100-250k 30 $4,075 $135,833
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,183 $355,783
    Commercial & Industrial, US addressed loans - <$1MM 247 $16,027 $64,887
    Commercial & Industrial, US addressed loans - <$100k 183 $4,570 $24,973
    Commercial & Industrial, US addressed loans - $100-250k 36 $3,208 $89,111
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $8,249 $294,607
    Farmland loans - <$1MM 431 $49,629 $115,148
    Farmland loans - <$100k 171 $7,471 $43,690
    Farmland loans - $100-250k 186 $23,391 $125,758
    Farmland loans - $250k-1MM 74 $18,767 $253,608
    Agriculture operations loans - <$1MM 555 $28,069 $50,575
    Agriculture operations loans - <$100k 431 $11,098 $25,749
    Agriculture operations loans - $100-250k 95 $9,525 $100,263
    Agriculture operations loans - $250k-1MM 29 $7,446 $256,759