The Citizens State Bank Mortgage Rates, Fees & Info
Moundridge, KSLEI: 549300NBFJM2PBH24L77
Tax ID: 48-0169210
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Mortgage Data
Bank Data
Review & Overview
The Citizens State Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. The Citizens State Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wichita, Mcpherson, Salina, Kansas City, and Hutchinson among others. We have data for 13 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
331Origination Dollar Volume (All Markets)
$51,085,000Employee count
93Top 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) | 164 | $24,950,000 | $152,134 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 100 | $15,680,000 | $156,800 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $6,270,000 | $149,286 | $0 | 0.00% |
| Salina, KS (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 6 | $740,000 | $123,333 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Hays, KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 330 | $50,900,000 | $154,242 | $0 | 0.00% |
| USDA | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2020, The Citizens State Bank's most frequently originated type of loan was Conventional, with 330 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, The Citizens State Bank's most frequently cited loan purpose was Refi, with 119 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 331 | $51,085,000 | $154,335 | $0 | 0.00% |
For 2020, The Citizens State Bank's most frequently cited loan duration was Other, with 331 originations.
Loan Sizing
2020 saw The Citizens State Bank place emphasis on $100k-200k loans with 164 originations, totaling $23,540,000 in origination value.
Applicant Income
The Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 63 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 331 | $51,085,000 | $154,335 | $0 | 0.00% |
The Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 331 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination94.86%
The Citizens State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 331 | $51,085,000 | $154,335 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $160,000 | $80,000 |
| Single Family (1-4 Units):Site-Built | 329 | $50,925,000 | $154,787 |
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 | $16,094 |
| The Citizens State Bank | 1225 North Main Street Newton, KS 67114 | Full Service B&M | $8,826 |
| The Citizens State Bank | 1300 North Main Street Mcpherson, KS 67460 | Full Service B&M | $0 |
| The Citizens State Bank | 201 North Main Street Hesston, KS 67062 | Full Service B&M | $83,027 |
| The Citizens State Bank | 201 South Christian Avenue Moundridge, KS 67107 | Full Service B&M | $99,945 |
| The Citizens State Bank | 223 North Main Street Mcpherson, KS 67460 | Full Service B&M | $119,445 |
| The Citizens State Bank | 2315 South Kansas Avenue Newton, KS 67114 | Full Service B&M | $21,194 |
| The Citizens State Bank | 600 East Main Street Goessel, KS 67053 | Full Service B&M | $23,562 |
For 2020, The Citizens State Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,413 |
| Net interest income | $14,535 |
| Total noninterest income | $2,287 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $277 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,010 |
| Pre-tax net operating income | $6,222 |
| Securities gains (or losses, -) | $447 |
| Income before extraordinary items | $5,950 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,950 |
| Minority interest net income | $0 |
| Net income | $5,950 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,552 |
The Citizens State Bank's gross interest income from loans was $16,413,000.
The Citizens State Bank's net interest income from loans was $14,535,000.
The Citizens State Bank's fee based income from loans was $277,000.
The Citizens State Bank's net income from loans was $5,950,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,878 |
| Provision for credit losses | $320 |
| Total noninterest expense | $10,280 |
| Salaries and employee benefits | $6,435 |
| Premises and equipment expense | $533 |
| Additional noninterest expense | $3,312 |
| Applicable income taxes | $719 |
| Net charge-offs | $-2 |
| Cash dividends | $3,000 |
The Citizens State Bank's interest expense for loans was $1,878,000.
The Citizens State Bank's payroll and benefits expense were $6,435,000.
The Citizens State Bank's property, plant and equipment expenses $533,000.
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 | $383,192 |
| Deposits held in domestic offices | $383,192 |
| Deposits by Individuals, partnerships, and corporations | $332,898 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $50,294 |
| 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 | $191,926 |
| Demand deposits | $82,423 |
| Nontransaction accounts | $191,266 |
| Money market deposit accounts (MMDAs) | $91,225 |
| Other savings deposits (excluding MMDAs) | $52,086 |
| Total time deposits | $47,955 |
| Total time and savings deposits | $300,769 |
| Noninterest-bearing deposits | $82,423 |
| Interest-bearing deposits | $300,769 |
| Retail deposits | $373,804 |
| IRAs and Keogh plan accounts | $10,554 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $483,337 |
| Cash & Balances due from depository institutions | $33,702 |
| Interest-bearing balances | $27,426 |
| Total securities | $207,187 |
| Federal funds sold & reverse repurchase | $850 |
| Net loans and leases | $213,165 |
| Loan and leases loss allowance | $3,352 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,789 |
| Other real estate owned | $200 |
| Goodwill and other intangibles | $3,590 |
| All other assets | $20,854 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $483,337 |
| Total Liabilities | $423,797 |
| Total deposits | $383,192 |
| Interest-bearing deposits | $300,769 |
| Deposits held in domestic offices | $383,192 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $6,744 |
| Trading liabilities | $0 |
| Other borrowed funds | $29,087 |
| Subordinated debt | $0 |
| All other liabilities | $4,774 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $213,165 |
| Loan and leases loss allowance | $3,352 |
| Total loans and leases (domestic) | $216,517 |
| All real estate loans | $136,401 |
| Real estate loans in domestic offices | $136,401 |
| Construction and development loans | $1,776 |
| Residential 1-4 family construction | $1,721 |
| Other construction, all land development and other land | $55 |
| Loans secured by nonfarm nonresidential properties | $22,334 |
| Nonfarm nonresidential secured by owner-occupied properties | $7,921 |
| Commercial real estate & other non-farm, non-residential | $14,413 |
| Multifamily residential real estate | $7,583 |
| 1-4 family residential loans | $26,861 |
| Farmland loans | $77,847 |
| Loans held in foreign offices | $0 |
| Farm loans | $47,805 |
| Commercial and industrial loans | $27,235 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,772 |
| Credit card loans | $0 |
| Related Plans | $135 |
| Consumer Auto Loans | $2,272 |
| Other loans to individuals | $1,365 |
| All other loans & leases | $1,304 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $53 |
| 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 | $37 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The Citizens State Bank had $213,165,000 of loans outstanding in 2020. $136,401,000 of loans were in real estate loans. $1,776,000 of loans were in development loans. $7,583,000 of loans were in multifamily mortgage loans. $26,861,000 of loans were in 1-4 family mortgage loans. $47,805,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,272,000 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 | 83 | $12,014 | $144,747 |
| Nonfarm, nonresidential loans - <$100k | 35 | $1,364 | $38,971 |
| Nonfarm, nonresidential loans - $100-250k | 32 | $4,155 | $129,844 |
| Nonfarm, nonresidential loans - $250k-1MM | 16 | $6,495 | $405,938 |
| Commercial & Industrial, US addressed loans - <$1MM | 372 | $21,329 | $57,336 |
| Commercial & Industrial, US addressed loans - <$100k | 307 | $6,662 | $21,700 |
| Commercial & Industrial, US addressed loans - $100-250k | 37 | $4,260 | $115,135 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 28 | $10,407 | $371,679 |
| Farmland loans - <$1MM | 392 | $47,798 | $121,934 |
| Farmland loans - <$100k | 141 | $6,374 | $45,206 |
| Farmland loans - $100-250k | 176 | $21,422 | $121,716 |
| Farmland loans - $250k-1MM | 75 | $20,002 | $266,693 |
| Agriculture operations loans - <$1MM | 497 | $24,882 | $50,064 |
| Agriculture operations loans - <$100k | 375 | $9,320 | $24,853 |
| Agriculture operations loans - $100-250k | 91 | $8,431 | $92,648 |
| Agriculture operations loans - $250k-1MM | 31 | $7,131 | $230,032 |