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

Review & Overview

The Citizens Bank Of Edmond is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Citizens Bank Of Edmond has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Weatherford, Shawnee, Granbury, and Riverside 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

124

Origination Dollar Volume (All Markets)

$48,230,000

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) 116 $43,130,000 $371,810 $0 0.00%
Outside of Metro Areas 3 $2,975,000 $991,667 $0 0.00%
Weatherford, OK (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 0.00%
Shawnee, OK (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
The Citizens Bank Of Edmond's top markets include Oklahoma City, Weatherford, Shawnee, Granbury, and Riverside among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $48,025,000 $390,447 $0 0.00%
    VA 1 $205,000 $205,000 $0 0.00%

    For 2022, The Citizens Bank Of Edmond's most frequently originated type of loan was Conventional, with 123 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $20,625,000 $298,913 $0 0.00%
    Cash Out Refi 35 $18,675,000 $533,571 $0 0.00%
    Refi 15 $8,325,000 $555,000 $0 0.00%
    Other 5 $605,000 $121,000 $0 0.00%

    For 2022, The Citizens Bank Of Edmond's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $48,230,000 $388,952 $0 0.00%

    For 2022, The Citizens Bank Of Edmond's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 38 $5,670,000 $149,211 $0 0.00%
    $200k-400k 37 $9,575,000 $258,784 $0 0.00%
    $100,000 or less 14 $960,000 $68,571 $0 0.00%
    $400k-600k 13 $6,545,000 $503,462 $0 0.00%
    $600k-1MM 12 $9,190,000 $765,833 $0 0.00%
    $1MM+ 10 $16,290,000 $1,629,000 $0 0.00%

    2022 saw The Citizens Bank Of Edmond place emphasis on $100k-200k loans with 38 originations, totaling $5,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $2,470,000 $308,750 $0 0.00%
    $250k+ 8 $5,550,000 $693,750 $0 0.00%
    $50k-75k 8 $1,300,000 $162,500 $0 0.00%
    $150k-250k 6 $2,560,000 $426,667 $0 0.00%
    $50k or less 5 $795,000 $159,000 $0 0.00%
    $75k-100k 2 $450,000 $225,000 $0 0.00%

    The Citizens Bank Of Edmond lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $48,230,000 $388,952 $0 0.00%

    The Citizens Bank Of Edmond lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 86 $35,050,000 $407,558 $0 0.00%
    White 33 $11,745,000 $355,909 $0 0.00%
    American Indian 3 $1,225,000 $408,333 $0 0.00%
    Not provided 1 $135,000 $135,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.83%

    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
    88.71%

    The Citizens Bank Of Edmond has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $48,230,000 $388,952

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $48,230,000 $388,952