The Citizens Bank Of Edmond Mortgage Rates, Fees & Info

Edmond, OK

LEI: 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, Baltimore, Naples, Stillwater, and Lawton among others. We have data for 9 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 an above average pick rate when compared to similar lenders.

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Originations

305

Origination Dollar Volume (All Markets)

$69,045,000

Employee count

57

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) 294 $66,320,000 $225,578 $0 0.00%
Outside of Metro Areas 2 $900,000 $450,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
LAWTON, OK (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
Shawnee, OK (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
The Citizens Bank Of Edmond's top markets include Oklahoma City, Baltimore, Naples, Stillwater, and Lawton among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $65,995,000 $225,239 $0 0.00%
    VA 9 $2,515,000 $279,444 $0 0.00%
    FHA 3 $535,000 $178,333 $0 0.00%

    For 2020, The Citizens Bank Of Edmond's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was VA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $35,255,000 $227,452 $0 0.00%
    Refi 95 $21,885,000 $230,368 $0 0.00%
    Cash Out Refi 52 $11,570,000 $222,500 $0 0.00%
    Other 3 $335,000 $111,667 $0 0.00%

    For 2020, The Citizens Bank Of Edmond's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $69,045,000 $226,377 $0 0.00%

    For 2020, The Citizens Bank Of Edmond'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 117 $17,165,000 $146,709 $0 0.00%
    $200k-400k 117 $32,605,000 $278,675 $0 0.00%
    $100,000 or less 40 $3,250,000 $81,250 $0 0.00%
    $400k-600k 23 $10,445,000 $454,130 $0 0.00%
    $600k-1MM 7 $4,565,000 $652,143 $0 0.00%
    $1MM+ 1 $1,015,000 $1,015,000 $0 0.00%

    2020 saw The Citizens Bank Of Edmond place emphasis on $100k-200k loans with 117 originations, totaling $17,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 62 $17,270,000 $278,548 $0 0.00%
    $100k-150k 59 $14,455,000 $245,000 $0 0.00%
    $50k-75k 40 $6,740,000 $168,500 $0 0.00%
    $250k+ 30 $8,720,000 $290,667 $0 0.00%
    $75k-100k 27 $5,115,000 $189,444 $0 0.00%
    $50k or less 19 $2,885,000 $151,842 $0 0.00%

    The Citizens Bank Of Edmond lent most frequently to those with incomes in the $150k-250k range, with 62 originations. The second most popular income band? $100k-150k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 305 $69,045,000 $226,377 $0 0.00%

    The Citizens Bank Of Edmond 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 180 $42,420,000 $235,667 $0 0.00%
    Not applicable 68 $13,860,000 $203,824 $0 0.00%
    Not provided 37 $8,005,000 $216,351 $0 0.00%
    American Indian 8 $2,240,000 $280,000 $0 0.00%
    Black 7 $1,595,000 $227,857 $0 0.00%
    Asian 5 $925,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.70%

    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
    92.13%

    The Citizens Bank Of Edmond has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 305 $69,045,000 $226,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $4,055,000 $450,556
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 295 $64,885,000 $219,949

    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 $275,864
    The Citizens Bank of Edmond 32 N Broadway Edmond, OK 73034 Full Service B&M $0

    For 2020, The Citizens Bank Of Edmond had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,949
    Net interest income $12,504
    Total noninterest income $2,163
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $206
    Trading account gains and fees $0
    Additional Noninterest Income $1,957
    Pre-tax net operating income $3,465
    Securities gains (or losses, -) $10
    Income before extraordinary items $3,475
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,475
    Minority interest net income $0
    Net income $3,475
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,465

    The Citizens Bank Of Edmond's gross interest income from loans was $13,949,000.
    The Citizens Bank Of Edmond's net interest income from loans was $12,504,000.
    The Citizens Bank Of Edmond's fee based income from loans was $206,000.
    The Citizens Bank Of Edmond's net income from loans was $3,475,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,445
    Provision for credit losses $353
    Total noninterest expense $10,849
    Salaries and employee benefits $5,701
    Premises and equipment expense $1,631
    Additional noninterest expense $3,517
    Applicable income taxes $0
    Net charge-offs $332
    Cash dividends $2,782

    The Citizens Bank Of Edmond's interest expense for loans was $1,445,000.
    The Citizens Bank Of Edmond's payroll and benefits expense were $5,701,000.
    The Citizens Bank Of Edmond's property, plant and equipment expenses $1,631,000.

    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 $285,742
    Deposits held in domestic offices $285,742
    Deposits by Individuals, partnerships, and corporations $280,863
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,383
    Deposits by Commercial banks and other depository institutions in U.S. $496
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $147,598
    Demand deposits $89,758
    Nontransaction accounts $138,144
    Money market deposit accounts (MMDAs) $60,050
    Other savings deposits (excluding MMDAs) $37,181
    Total time deposits $40,911
    Total time and savings deposits $195,984
    Noninterest-bearing deposits $89,516
    Interest-bearing deposits $196,226
    Retail deposits $262,503
    IRAs and Keogh plan accounts $3,098
    Brokered deposits $11,742
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $326,887
    Cash & Balances due from depository institutions $18,420
    Interest-bearing balances $16,525
    Total securities $15,090
    Federal funds sold & reverse repurchase $0
    Net loans and leases $271,017
    Loan and leases loss allowance $2,529
    Trading account assets $0
    Bank premises and fixed assets $9,565
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,795

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $326,887
    Total Liabilities $299,259
    Total deposits $285,742
    Interest-bearing deposits $196,226
    Deposits held in domestic offices $285,742
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $3,517

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $271,017
    Loan and leases loss allowance $2,529
    Total loans and leases (domestic) $273,546
    All real estate loans $227,069
    Real estate loans in domestic offices $227,069
    Construction and development loans $25,345
    Residential 1-4 family construction $7,811
    Other construction, all land development and other land $17,534
    Loans secured by nonfarm nonresidential properties $137,898
    Nonfarm nonresidential secured by owner-occupied properties $64,918
    Commercial real estate & other non-farm, non-residential $72,980
    Multifamily residential real estate $702
    1-4 family residential loans $61,422
    Farmland loans $1,702
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $45,113
    To non-U.S. addressees $0
    Loans to individuals $1,354
    Credit card loans $0
    Related Plans $86
    Consumer Auto Loans $897
    Other loans to individuals $371
    All other loans & leases $9
    Loans to foreign governments and official institutions $0
    Other loans $9
    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 $1,147
    Non 1-4 family restructured loans & leases $1,147
    Total loans and leases (foreign) $0

    The Citizens Bank of Edmond had $271,017,000 of loans outstanding in 2020. $227,069,000 of loans were in real estate loans. $25,345,000 of loans were in development loans. $702,000 of loans were in multifamily mortgage loans. $61,422,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $897,000 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 $20,962 $287,151
    Nonfarm, nonresidential loans - <$100k 5 $72 $14,400
    Nonfarm, nonresidential loans - $100-250k 18 $2,044 $113,556
    Nonfarm, nonresidential loans - $250k-1MM 50 $18,846 $376,920
    Commercial & Industrial, US addressed loans - <$1MM 470 $23,746 $50,523
    Commercial & Industrial, US addressed loans - <$100k 400 $7,756 $19,390
    Commercial & Industrial, US addressed loans - $100-250k 38 $4,067 $107,026
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $11,923 $372,594
    Farmland loans - <$1MM 2 $171 $85,500
    Farmland loans - $100-250k 2 $171 $85,500