The Citizens State Bank Mortgage Rates, Fees & Info

Moundridge, KS

LEI: 549300NBFJM2PBH24L77

Tax ID: 48-0169210

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
  • 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, Cash Out Refi, and Refi loans. The Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Mcpherson, Hutchinson, Topeka, and Kansas City among others. We have data for 10 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

    305

    Origination Dollar Volume (All Markets)

    $48,935,000

    Employee count

    93

    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) 149 $24,435,000 $163,993 $0 0.00%
    McPherson, KS (FHA|USDA|VA) 106 $15,170,000 $143,113 $0 0.00%
    Outside of Metro Areas 29 $4,535,000 $156,379 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 8 $2,760,000 $345,000 $0 0.00%
    TOPEKA, KS (FHA|USDA|VA) 3 $555,000 $185,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    Salina, KS (FHA|USDA|VA) 5 $475,000 $95,000 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    BOULDER, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    The Citizens State Bank's top markets include Wichita, Mcpherson, Hutchinson, Topeka, and Kansas City among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 305 $48,935,000 $160,443 $0 0.00%

    For 2021, The Citizens State Bank's most frequently originated type of loan was Conventional, with 305 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $17,910,000 $151,780 $0 0.00%
    Cash Out Refi 99 $17,605,000 $177,828 $0 0.00%
    Refi 83 $12,825,000 $154,518 $0 0.00%
    Other 4 $440,000 $110,000 $0 0.00%
    Home Improvement 1 $155,000 $155,000 $0 0.00%

    For 2021, The Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $48,935,000 $160,443 $0 0.00%

    For 2021, The Citizens State Bank's most frequently cited loan duration was Other, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 146 $21,010,000 $143,904 $0 0.00%
    $100,000 or less 85 $5,745,000 $67,588 $0 0.00%
    $200k-400k 69 $17,735,000 $257,029 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%
    $1MM+ 2 $3,120,000 $1,560,000 $0 0.00%

    2021 saw The Citizens State Bank place emphasis on $100k-200k loans with 146 originations, totaling $21,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $12,730,000 $198,906 $0 0.00%
    $50k-75k 63 $8,355,000 $132,619 $0 0.00%
    $75k-100k 62 $9,360,000 $150,968 $0 0.00%
    $50k or less 55 $4,895,000 $89,000 $0 0.00%
    $150k-250k 33 $8,125,000 $246,212 $0 0.00%
    $250k+ 11 $2,265,000 $205,909 $0 0.00%

    The Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 64 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% 305 $48,935,000 $160,443 $0 0.00%

    The Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 305 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 281 $44,675,000 $158,986 $0 0.00%
    Not applicable 16 $3,160,000 $197,500 $0 0.00%
    Not provided 5 $665,000 $133,000 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.81%

    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
    97.70%

    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 305 $48,935,000 $160,443

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    305 $48,935,000 $160,443

    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 $17,862
    The Citizens State Bank 1225 North Main Street Newton, KS 67114 Full Service B&M $12,530
    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 $98,267
    The Citizens State Bank 201 South Christian Avenue Moundridge, KS 67107 Full Service B&M $111,574
    The Citizens State Bank 223 North Main Street Mcpherson, KS 67460 Full Service B&M $116,075
    The Citizens State Bank 2315 South Kansas Avenue Newton, KS 67114 Full Service B&M $27,991
    The Citizens State Bank 600 East Main Street Goessel, KS 67053 Full Service B&M $25,971

    For 2021, The Citizens State Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,948
    Net interest income $13,894
    Total noninterest income $2,489
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $261
    Trading account gains and fees $0
    Additional Noninterest Income $2,228
    Pre-tax net operating income $5,231
    Securities gains (or losses, -) $1,097
    Income before extraordinary items $5,323
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,323
    Minority interest net income $0
    Net income $5,323
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,401

    The Citizens State Bank's gross interest income from loans was $14,948,000.
    The Citizens State Bank's net interest income from loans was $13,894,000.
    The Citizens State Bank's fee based income from loans was $261,000.
    The Citizens State Bank's net income from loans was $5,323,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,054
    Provision for credit losses $0
    Total noninterest expense $11,152
    Salaries and employee benefits $6,685
    Premises and equipment expense $541
    Additional noninterest expense $3,926
    Applicable income taxes $1,005
    Net charge-offs $-2
    Cash dividends $6,000

    The Citizens State Bank's interest expense for loans was $1,054,000.
    The Citizens State Bank's payroll and benefits expense were $6,685,000.
    The Citizens State Bank's property, plant and equipment expenses $541,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    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 $414,168
    Deposits held in domestic offices $414,168
    Deposits by Individuals, partnerships, and corporations $372,119
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,049
    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 $205,589
    Demand deposits $97,530
    Nontransaction accounts $208,579
    Money market deposit accounts (MMDAs) $101,643
    Other savings deposits (excluding MMDAs) $62,180
    Total time deposits $44,756
    Total time and savings deposits $316,638
    Noninterest-bearing deposits $97,530
    Interest-bearing deposits $316,638
    Retail deposits $406,763
    IRAs and Keogh plan accounts $10,141
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $491,952
    Cash & Balances due from depository institutions $13,898
    Interest-bearing balances $8,031
    Total securities $244,790
    Federal funds sold & reverse repurchase $0
    Net loans and leases $204,946
    Loan and leases loss allowance $3,354
    Trading account assets $0
    Bank premises and fixed assets $3,919
    Other real estate owned $0
    Goodwill and other intangibles $3,506
    All other assets $20,893

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $491,952
    Total Liabilities $436,015
    Total deposits $414,168
    Interest-bearing deposits $316,638
    Deposits held in domestic offices $414,168
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $3,393
    Trading liabilities $0
    Other borrowed funds $14,381
    Subordinated debt $0
    All other liabilities $4,073

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $204,946
    Loan and leases loss allowance $3,354
    Total loans and leases (domestic) $208,300
    All real estate loans $140,168
    Real estate loans in domestic offices $140,168
    Construction and development loans $1,809
    Residential 1-4 family construction $1,774
    Other construction, all land development and other land $35
    Loans secured by nonfarm nonresidential properties $22,140
    Nonfarm nonresidential secured by owner-occupied properties $7,753
    Commercial real estate & other non-farm, non-residential $14,387
    Multifamily residential real estate $5,258
    1-4 family residential loans $22,588
    Farmland loans $88,373
    Loans held in foreign offices $0
    Farm loans $49,620
    Commercial and industrial loans $14,252
    To non-U.S. addressees $0
    Loans to individuals $3,078
    Credit card loans $0
    Related Plans $119
    Consumer Auto Loans $1,966
    Other loans to individuals $993
    All other loans & leases $1,182
    Loans to foreign governments and official institutions $0
    Other loans $116
    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 $28
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Citizens State Bank had $204,946,000 of loans outstanding in 2021. $140,168,000 of loans were in real estate loans. $1,809,000 of loans were in development loans. $5,258,000 of loans were in multifamily mortgage loans. $22,588,000 of loans were in 1-4 family mortgage loans. $49,620,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,966,000 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 66 $9,153 $138,682
    Nonfarm, nonresidential loans - <$100k 24 $905 $37,708
    Nonfarm, nonresidential loans - $100-250k 28 $3,400 $121,429
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,848 $346,286
    Commercial & Industrial, US addressed loans - <$1MM 142 $9,413 $66,289
    Commercial & Industrial, US addressed loans - <$100k 110 $2,178 $19,800
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,752 $109,500
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,483 $342,688
    Farmland loans - <$1MM 393 $49,496 $125,944
    Farmland loans - <$100k 139 $6,314 $45,424
    Farmland loans - $100-250k 179 $22,501 $125,704
    Farmland loans - $250k-1MM 75 $20,681 $275,747
    Agriculture operations loans - <$1MM 491 $25,842 $52,631
    Agriculture operations loans - <$100k 369 $9,405 $25,488
    Agriculture operations loans - $100-250k 86 $8,028 $93,349
    Agriculture operations loans - $250k-1MM 36 $8,409 $233,583