The Citizens Bank Of Edmond Mortgage Rates, Fees & Info

Edmond, OK

LEI: 549300OWEWQ1QPPQS302

Tax ID: 73-0183753

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 Bank Of Edmond is a smaller bank specializing in Home Purchase and Refi loans. The Citizens Bank Of Edmond has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Shawnee, Weatherford, and Mcalester among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Citizens Bank Of Edmond has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Citizens Bank Of Edmond is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    48

    Origination Dollar Volume (All Markets)

    $14,030,000

    Employee count

    58

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 45 $13,265,000 $294,778 $2,103 5.38%
    Shawnee, OK (FHA|USDA|VA) 1 $315,000 $315,000 $2,938 4.38%
    Weatherford, OK (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.88%
    McAlester, OK (FHA|USDA|VA) 1 $145,000 $145,000 $2,487 5.50%
    The Citizens Bank Of Edmond's top markets include Oklahoma City, Shawnee, Weatherford, and Mcalester among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $14,030,000 $292,292 $2,146 5.33%

    For 2018, The Citizens Bank Of Edmond's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $6,850,000 $214,063 $2,973 5.36%
    Refi 14 $7,120,000 $508,571 $873 5.13%
    Home Improvement 2 $60,000 $30,000 $855 6.38%

    For 2018, The Citizens Bank Of Edmond's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 17 $6,335,000 $372,647 $2,318 5.63%
    15 Year 12 $2,990,000 $249,167 $1,646 5.22%
    Other 11 $3,765,000 $342,273 $2,857 5.12%
    30 Year 3 $335,000 $111,667 $1,892 4.75%
    10 Year 2 $220,000 $110,000 $0 5.50%
    5 Year 2 $80,000 $40,000 $1,065 6.13%
    1 Year 1 $305,000 $305,000 $0 3.88%

    For 2018, The Citizens Bank Of Edmond's most frequently cited loan duration was 20 Year, with 17 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 23 $4,585,000 $199,348
    $1k-2k 3 $1,125,000 $375,000
    $2k-3k 1 $525,000 $525,000
    $3k-4k 1 $1,265,000 $1,265,000

    The Citizens Bank Of Edmond's average total fees were $1,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 19 $7,575,000 $398,684
    4-5% 18 $5,430,000 $301,667
    6-7% 10 $720,000 $72,000
    3-4% 1 $305,000 $305,000

    During 2018, The Citizens Bank Of Edmond's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 5-6%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,180,000 $65,556 $1,048 5.81%
    $100k-200k 12 $1,700,000 $141,667 $2,143 5.25%
    $200k-400k 10 $3,030,000 $303,000 $2,839 4.92%
    $400k-600k 6 $2,870,000 $478,333 $2,195 4.81%
    $1MM+ 2 $5,250,000 $2,625,000 $6,913 5.13%

    2018 saw The Citizens Bank Of Edmond place emphasis on $100,000 or less loans with 18 originations, totaling $1,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $5,895,000 $453,462 $2,843 4.81%
    $50k or less 7 $975,000 $139,286 $1,997 5.32%
    $50k-75k 4 $260,000 $65,000 $1,249 5.80%
    $75k-100k 4 $280,000 $70,000 $1,338 6.13%
    $150k-250k 3 $615,000 $205,000 $2,098 5.54%
    $100k-150k 1 $15,000 $15,000 $702 6.50%

    The Citizens Bank Of Edmond lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $2,780,000 $347,500 $2,211 5.28%
    30-36% 6 $1,500,000 $250,000 $1,755 5.27%
    <20% 4 $1,640,000 $410,000 $2,214 4.34%
    >60% 4 $610,000 $152,500 $1,889 5.49%
    39% 2 $880,000 $440,000 $5,550 5.25%
    41% 1 $75,000 $75,000 $0 6.50%
    38% 1 $145,000 $145,000 $2,487 5.50%
    44% 1 $65,000 $65,000 $791 6.50%
    45% 1 $115,000 $115,000 $1,992 5.13%
    36% 1 $55,000 $55,000 $608 6.25%
    43% 1 $15,000 $15,000 $702 6.50%

    The Citizens Bank Of Edmond lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $7,040,000 $251,429 $2,087 5.33%
    Not applicable 16 $5,990,000 $374,375 $0 5.34%
    Not provided 2 $610,000 $305,000 $2,470 5.13%
    American Indian 1 $295,000 $295,000 $2,991 6.00%
    Asian 1 $95,000 $95,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    98.61%

    The Citizens Bank Of Edmond 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
    52.08%

    The Citizens Bank Of Edmond has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $14,030,000 $292,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $3,985,000 $3,985,000
    Single Family (1-4 Units):Site-Built 47 $10,045,000 $213,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $70,000 $35,000 $1,037 6.25%
    40-60% 6 $450,000 $75,000 $884 6.00%
    60-80% 20 $4,090,000 $204,500 $2,341 5.03%
    80-100% 17 $9,325,000 $548,529 $2,769 5.24%
    Under 20% 3 $95,000 $31,667 $513 5.90%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Citizens Bank of Edmond 1 East 1st Street Edmond, OK 73034 Full Service B&M $173,800
    The Citizens Bank of Edmond 32 N Broadway Edmond, OK 73034 Full Service B&M $49,738

    For 2018, The Citizens Bank Of Edmond had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,970
    Net interest income $10,020
    Total noninterest income $1,734
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $498
    Trading account gains and fees $0
    Additional Noninterest Income $1,236
    Pre-tax net operating income $2,522
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,522
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,522
    Minority interest net income $0
    Net income $2,522
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,522

    The Citizens Bank Of Edmond's gross interest income from loans was $10,970,000.
    The Citizens Bank Of Edmond's net interest income from loans was $10,020,000.
    The Citizens Bank Of Edmond's fee based income from loans was $498,000.
    The Citizens Bank Of Edmond's net income from loans was $2,522,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $950
    Provision for credit losses $0
    Total noninterest expense $9,232
    Salaries and employee benefits $4,512
    Premises and equipment expense $1,493
    Additional noninterest expense $3,227
    Applicable income taxes $0
    Net charge-offs $-26
    Cash dividends $1,879

    The Citizens Bank Of Edmond's interest expense for loans was $950,000.
    The Citizens Bank Of Edmond's payroll and benefits expense were $4,512,000.
    The Citizens Bank Of Edmond's property, plant and equipment expenses $1,493,000.

    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 $234,690
    Deposits held in domestic offices $234,690
    Deposits by Individuals, partnerships, and corporations $233,574
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,116
    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 $124,198
    Demand deposits $64,429
    Nontransaction accounts $110,492
    Money market deposit accounts (MMDAs) $36,959
    Other savings deposits (excluding MMDAs) $32,536
    Total time deposits $40,996
    Total time and savings deposits $170,261
    Noninterest-bearing deposits $69,501
    Interest-bearing deposits $165,188
    Retail deposits $219,662
    IRAs and Keogh plan accounts $4,092
    Brokered deposits $1,014
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $275,436
    Cash & Balances due from depository institutions $6,066
    Interest-bearing balances $2,457
    Total securities $22,648
    Federal funds sold & reverse repurchase $0
    Net loans and leases $227,473
    Loan and leases loss allowance $2,787
    Trading account assets $0
    Bank premises and fixed assets $9,763
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,486

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $275,436
    Total Liabilities $251,320
    Total deposits $234,690
    Interest-bearing deposits $165,188
    Deposits held in domestic offices $234,690
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,484
    Subordinated debt $0
    All other liabilities $4,146

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $227,473
    Loan and leases loss allowance $2,787
    Total loans and leases (domestic) $230,260
    All real estate loans $214,189
    Real estate loans in domestic offices $214,189
    Construction and development loans $15,622
    Residential 1-4 family construction $3,738
    Other construction, all land development and other land $11,884
    Loans secured by nonfarm nonresidential properties $140,380
    Nonfarm nonresidential secured by owner-occupied properties $55,624
    Commercial real estate & other non-farm, non-residential $84,756
    Multifamily residential real estate $286
    1-4 family residential loans $55,980
    Farmland loans $1,921
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $14,501
    To non-U.S. addressees $0
    Loans to individuals $1,531
    Credit card loans $0
    Related Plans $101
    Consumer Auto Loans $458
    Other loans to individuals $972
    All other loans & leases $39
    Loans to foreign governments and official institutions $0
    Other loans $39
    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 $15
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Citizens Bank of Edmond had $227,473,000 of loans outstanding in 2018. $214,189,000 of loans were in real estate loans. $15,622,000 of loans were in development loans. $286,000 of loans were in multifamily mortgage loans. $55,980,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $458,000 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 109 $35,817 $328,596
    Nonfarm, nonresidential loans - <$100k 13 $400 $30,769
    Nonfarm, nonresidential loans - $100-250k 28 $3,798 $135,643
    Nonfarm, nonresidential loans - $250k-1MM 68 $31,619 $464,985
    Commercial & Industrial, US addressed loans - <$1MM 86 $6,085 $70,756
    Commercial & Industrial, US addressed loans - <$100k 64 $1,866 $29,156
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,351 $90,067
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,868 $409,714
    Farmland loans - <$1MM 3 $265 $88,333
    Farmland loans - $100-250k 3 $265 $88,333