The Citizens Bank Of Edmond Mortgage Rates, Fees & Info
Edmond, OKLEI: 549300OWEWQ1QPPQS302
Tax ID: 73-0183753
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Mortgage Data
Bank Data
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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Mcalester, Tulsa, Shawnee, and Lawton among others. We have data for 6 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.
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Originations
113Origination Dollar Volume (All Markets)
$32,955,000Employee count
56Top 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) | 103 | $30,855,000 | $299,563 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,180,000 | $196,667 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $31,670,000 | $293,241 | $0 | 0.00% |
| VA | 4 | $1,100,000 | $275,000 | $0 | 0.00% |
| FHA | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2019, The Citizens Bank Of Edmond's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 62 | $12,490,000 | $201,452 | $0 | 0.00% |
| Refi | 26 | $16,680,000 | $641,538 | $0 | 0.00% |
| Cash Out Refi | 25 | $3,785,000 | $151,400 | $0 | 0.00% |
For 2019, The Citizens Bank Of Edmond's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $32,955,000 | $291,637 | $0 | 0.00% |
For 2019, The Citizens Bank Of Edmond's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2019 saw The Citizens Bank Of Edmond place emphasis on $100k-200k loans with 45 originations, totaling $7,145,000 in origination value.
Applicant Income
The Citizens Bank Of Edmond lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $250k+, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $32,955,000 | $291,637 | $0 | 0.00% |
The Citizens Bank Of Edmond lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.38%
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 origination82.30%
The Citizens Bank Of Edmond has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 113 | $32,955,000 | $291,637 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 112 | $32,910,000 | $293,839 |
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 | $204,887 |
| The Citizens Bank of Edmond | 32 N Broadway Edmond, OK 73034 | Full Service B&M | $46,692 |
For 2019, The Citizens Bank Of Edmond had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,189 |
| Net interest income | $11,330 |
| Total noninterest income | $1,569 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $349 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,220 |
| Pre-tax net operating income | $3,053 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,053 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,053 |
| Minority interest net income | $0 |
| Net income | $3,053 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,053 |
The Citizens Bank Of Edmond's gross interest income from loans was $13,189,000.
The Citizens Bank Of Edmond's net interest income from loans was $11,330,000.
The Citizens Bank Of Edmond's fee based income from loans was $349,000.
The Citizens Bank Of Edmond's net income from loans was $3,053,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,859 |
| Provision for credit losses | $49 |
| Total noninterest expense | $9,797 |
| Salaries and employee benefits | $5,020 |
| Premises and equipment expense | $1,581 |
| Additional noninterest expense | $3,196 |
| Applicable income taxes | $0 |
| Net charge-offs | $327 |
| Cash dividends | $1,983 |
The Citizens Bank Of Edmond's interest expense for loans was $1,859,000.
The Citizens Bank Of Edmond's payroll and benefits expense were $5,020,000.
The Citizens Bank Of Edmond's property, plant and equipment expenses $1,581,000.
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 | $262,142 |
| Deposits held in domestic offices | $262,142 |
| Deposits by Individuals, partnerships, and corporations | $253,319 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $8,823 |
| 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 | $123,801 |
| Demand deposits | $71,426 |
| Nontransaction accounts | $138,341 |
| Money market deposit accounts (MMDAs) | $54,018 |
| Other savings deposits (excluding MMDAs) | $30,106 |
| Total time deposits | $54,216 |
| Total time and savings deposits | $190,716 |
| Noninterest-bearing deposits | $72,039 |
| Interest-bearing deposits | $190,103 |
| Retail deposits | $238,103 |
| IRAs and Keogh plan accounts | $3,199 |
| Brokered deposits | $3,963 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $301,883 |
| Cash & Balances due from depository institutions | $25,200 |
| Interest-bearing balances | $23,915 |
| Total securities | $20,078 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $235,106 |
| Loan and leases loss allowance | $2,508 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,444 |
| Other real estate owned | $417 |
| Goodwill and other intangibles | $0 |
| All other assets | $11,638 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $301,883 |
| Total Liabilities | $276,187 |
| Total deposits | $262,142 |
| Interest-bearing deposits | $190,103 |
| Deposits held in domestic offices | $262,142 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $4,045 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $235,106 |
| Loan and leases loss allowance | $2,508 |
| Total loans and leases (domestic) | $237,614 |
| All real estate loans | $218,263 |
| Real estate loans in domestic offices | $218,263 |
| Construction and development loans | $16,326 |
| Residential 1-4 family construction | $6,888 |
| Other construction, all land development and other land | $9,438 |
| Loans secured by nonfarm nonresidential properties | $133,990 |
| Nonfarm nonresidential secured by owner-occupied properties | $59,800 |
| Commercial real estate & other non-farm, non-residential | $74,190 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $66,112 |
| Farmland loans | $1,835 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $17,538 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,801 |
| Credit card loans | $0 |
| Related Plans | $38 |
| Consumer Auto Loans | $1,175 |
| Other loans to individuals | $588 |
| All other loans & leases | $11 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $11 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The Citizens Bank of Edmond had $235,106,000 of loans outstanding in 2019. $218,263,000 of loans were in real estate loans. $16,326,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $66,112,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,175,000 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 | 73 | $20,850 | $285,616 |
| Nonfarm, nonresidential loans - <$100k | 4 | $84 | $21,000 |
| Nonfarm, nonresidential loans - $100-250k | 19 | $2,281 | $120,053 |
| Nonfarm, nonresidential loans - $250k-1MM | 50 | $18,485 | $369,700 |
| Commercial & Industrial, US addressed loans - <$1MM | 82 | $6,570 | $80,122 |
| Commercial & Industrial, US addressed loans - <$100k | 50 | $1,126 | $22,520 |
| Commercial & Industrial, US addressed loans - $100-250k | 22 | $2,406 | $109,364 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 10 | $3,038 | $303,800 |
| Farmland loans - <$1MM | 3 | $239 | $79,667 |
| Farmland loans - $100-250k | 3 | $239 | $79,667 |