Citizens State Bank Of New Castle Mortgage Rates, Fees & Info

New Castle, IN

LEI: 549300QX5KH5JXXMYU41

Tax ID: 35-0227920

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Citizens State Bank Of New Castle is a smaller bank specializing in Cash Out Refi, Home Purchase, and Refi loans. Citizens State Bank Of New Castle has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, New Castle, Naples, Muncie, and Cape Coral among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens State Bank Of New Castle has an average approval rate when compared to the average across all lenders. They have a below 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

    168

    Origination Dollar Volume (All Markets)

    $28,660,000

    Employee count

    135

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 39 $13,135,000 $336,795 $0 0.00%
    Outside of Metro Areas 58 $5,770,000 $99,483 $0 0.00%
    New Castle, IN (FHA|USDA|VA) 48 $4,700,000 $97,917 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,130,000 $1,065,000 $0 0.00%
    MUNCIE, IN (FHA|USDA|VA) 8 $960,000 $120,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    Bluffton, IN (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
    Greenville, OH (FHA|USDA|VA) 3 $265,000 $88,333 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Richmond, IN (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    North Vernon, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Citizens State Bank Of New Castle's top markets include Indianapolis, New Castle, Naples, Muncie, and Cape Coral among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens State Bank of New Castle based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Hendricks County Bank and Trust Company
    Similarity Rank: 376
    Independent Federal Credit Union
    Similarity Rank: 441
    Madison County Federal Credit Union
    Similarity Rank: 488
    Security Federal Savings Bank
    Similarity Rank: 750
    BNC National Bank
    Similarity Rank: 1338
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1881
    CRANE
    Similarity Rank: 2070
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 2418
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 2496
    BEACON CREDIT UNION
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $28,660,000 $170,595 $0 0.00%

    For 2020, Citizens State Bank Of New Castle's most frequently originated type of loan was Conventional, with 168 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 52 $7,620,000 $146,538 $0 0.00%
    Home Purchase 43 $9,135,000 $212,442 $0 0.00%
    Home Improvement 42 $4,690,000 $111,667 $0 0.00%
    Refi 27 $6,695,000 $247,963 $0 0.00%
    Other 4 $520,000 $130,000 $0 0.00%

    For 2020, Citizens State Bank Of New Castle's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 168 $28,660,000 $170,595 $0 0.00%

    For 2020, Citizens State Bank Of New Castle's most frequently cited loan duration was Other, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,710,000 $53,523 $0 0.00%
    $100k-200k 42 $5,760,000 $137,143 $0 0.00%
    $200k-400k 24 $6,700,000 $279,167 $0 0.00%
    $400k-600k 5 $2,405,000 $481,000 $0 0.00%
    $600k-1MM 5 $3,845,000 $769,000 $0 0.00%
    $1MM+ 4 $5,240,000 $1,310,000 $0 0.00%

    2020 saw Citizens State Bank Of New Castle place emphasis on $100,000 or less loans with 88 originations, totaling $4,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $4,175,000 $97,093 $0 0.00%
    $50k or less 39 $2,445,000 $62,692 $0 0.00%
    $100k-150k 22 $3,580,000 $162,727 $0 0.00%
    $75k-100k 19 $2,185,000 $115,000 $0 0.00%
    $150k-250k 18 $5,070,000 $281,667 $0 0.00%
    $250k+ 10 $6,170,000 $617,000 $0 0.00%

    Citizens State Bank Of New Castle lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 168 $28,660,000 $170,595 $0 0.00%

    Citizens State Bank Of New Castle lent most frequently to those with DTI ratios of Exempt%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 156 $24,150,000 $154,808 $0 0.00%
    Not applicable 11 $4,455,000 $405,000 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.72%

    Citizens State Bank Of New Castle has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.14%

    Citizens State Bank Of New Castle has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 168 $28,660,000 $170,595

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,680,000 $1,340,000
    Single Family (1-4 Units):Manufactured 8 $890,000 $111,250
    Single Family (1-4 Units):Site-Built 158 $25,090,000 $158,797

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 35 12.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 13 4.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Credit monitoring or identity theft protection services 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 5 1.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 26 9.5%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 109 39.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 2.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 6 2.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 20 7.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.6%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.5%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 11 4.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 3 1.1%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 4 1.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens State Bank of New Castle, Indiana 110 South Main Street Montpelier, IN 47359 Full Service B&M $25,353
    Citizens State Bank of New Castle, Indiana 118 W Main Street Lewisville, IN 47352 Full Service B&M $23,876
    Citizens State Bank of New Castle, Indiana 1238 Broad Street New Castle, IN 47362 Full Service B&M $199,569
    Citizens State Bank of New Castle, Indiana 129 South Pendleton Avenue Pendleton, IN 46064 Full Service B&M $37,478
    Citizens State Bank of New Castle, Indiana 1302 Broad Street New Castle, IN 47362 Limited, Drive-thru $0
    Citizens State Bank of New Castle, Indiana 1515 North Walnut Street Hartford City, IN 47348 Full Service B&M $72,559
    Citizens State Bank of New Castle, Indiana 1726 South Memorial Drive New Castle, IN 47362 Full Service B&M $64,204
    Citizens State Bank of New Castle, Indiana 1802 North Main Street Rushville, IN 46173 Full Service B&M $40,042
    Citizens State Bank of New Castle, Indiana 204 West Oak Street Union City, IN 47390 Full Service B&M $35,506
    Citizens State Bank of New Castle, Indiana 222 West Washington Street Hartford City, IN 47348 Limited, Drive-thru $0
    Citizens State Bank of New Castle, Indiana 475 North Mccullum Street Knightstown, IN 46148 Full Service B&M $47,455
    Citizens State Bank of New Castle, Indiana 714 North Main Street Dunkirk, IN 47336 Full Service B&M $20,818
    Citizens State Bank of New Castle, Indiana 9 Municipal Drive, Suite 5 Fishers, IN 46038 Full Service B&M $22,075
    Citizens State Bank of New Castle, Indiana 902 South Rangeline Road Carmel, IN 46032 Full Service B&M $18,220

    For 2020, Citizens State Bank Of New Castle had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,395
    Net interest income $22,027
    Total noninterest income $5,060
    Gross Fiduciary activities income $466
    Service charges on deposit accounts $1,590
    Trading account gains and fees $0
    Additional Noninterest Income $3,004
    Pre-tax net operating income $7,870
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,960
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,960
    Minority interest net income $0
    Net income $5,960
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,960

    Citizens State Bank Of New Castle's gross interest income from loans was $23,395,000.
    Citizens State Bank Of New Castle's net interest income from loans was $22,027,000.
    Citizens State Bank Of New Castle's fee based income from loans was $1,590,000.
    Citizens State Bank Of New Castle's net income from loans was $5,960,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,368
    Provision for credit losses $2,067
    Total noninterest expense $17,150
    Salaries and employee benefits $9,854
    Premises and equipment expense $1,748
    Additional noninterest expense $5,548
    Applicable income taxes $1,910
    Net charge-offs $297
    Cash dividends $1,290

    Citizens State Bank Of New Castle's interest expense for loans was $1,368,000.
    Citizens State Bank Of New Castle's payroll and benefits expense were $9,854,000.
    Citizens State Bank Of New Castle's property, plant and equipment expenses $1,748,000.

    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 0.1%
    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 $626,026
    Deposits held in domestic offices $626,026
    Deposits by Individuals, partnerships, and corporations $502,431
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $123,595
    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 $67,956
    Demand deposits $26,328
    Nontransaction accounts $558,070
    Money market deposit accounts (MMDAs) $68,209
    Other savings deposits (excluding MMDAs) $444,932
    Total time deposits $44,929
    Total time and savings deposits $599,698
    Noninterest-bearing deposits $26,328
    Interest-bearing deposits $599,698
    Retail deposits $618,648
    IRAs and Keogh plan accounts $9,490
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $691,918
    Cash & Balances due from depository institutions $95,654
    Interest-bearing balances $76,322
    Total securities $167,061
    Federal funds sold & reverse repurchase $452
    Net loans and leases $402,762
    Loan and leases loss allowance $7,217
    Trading account assets $0
    Bank premises and fixed assets $8,355
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $17,634

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $691,918
    Total Liabilities $629,534
    Total deposits $626,026
    Interest-bearing deposits $599,698
    Deposits held in domestic offices $626,026
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,508

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $402,762
    Loan and leases loss allowance $7,217
    Total loans and leases (domestic) $409,979
    All real estate loans $245,630
    Real estate loans in domestic offices $245,630
    Construction and development loans $17,671
    Residential 1-4 family construction $2,727
    Other construction, all land development and other land $14,944
    Loans secured by nonfarm nonresidential properties $73,865
    Nonfarm nonresidential secured by owner-occupied properties $38,664
    Commercial real estate & other non-farm, non-residential $35,201
    Multifamily residential real estate $8,769
    1-4 family residential loans $123,600
    Farmland loans $21,725
    Loans held in foreign offices $0
    Farm loans $7,304
    Commercial and industrial loans $90,253
    To non-U.S. addressees $0
    Loans to individuals $60,445
    Credit card loans $3,608
    Related Plans $70
    Consumer Auto Loans $31,679
    Other loans to individuals $25,088
    All other loans & leases $6,347
    Loans to foreign governments and official institutions $0
    Other loans $161
    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 $270
    Non 1-4 family restructured loans & leases $270
    Total loans and leases (foreign) $0

    Citizens State Bank of New Castle had $402,762,000 of loans outstanding in 2020. $245,630,000 of loans were in real estate loans. $17,671,000 of loans were in development loans. $8,769,000 of loans were in multifamily mortgage loans. $123,600,000 of loans were in 1-4 family mortgage loans. $7,304,000 of loans were in farm loans. $3,608,000 of loans were in credit card loans. $31,679,000 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 226 $73,865 $326,836
    Nonfarm, nonresidential loans - <$100k 70 $2,399 $34,271
    Nonfarm, nonresidential loans - $100-250k 62 $7,262 $117,129
    Nonfarm, nonresidential loans - $250k-1MM 94 $64,204 $683,021
    Commercial & Industrial, US addressed loans - <$1MM 1,009 $88,152 $87,366
    Commercial & Industrial, US addressed loans - <$100k 760 $18,576 $24,442
    Commercial & Industrial, US addressed loans - $100-250k 146 $16,196 $110,932
    Commercial & Industrial, US addressed loans - $250k-1MM 103 $53,380 $518,252
    Farmland loans - <$1MM 97 $12,471 $128,567
    Farmland loans - <$100k 35 $1,406 $40,171
    Farmland loans - $100-250k 39 $5,073 $130,077
    Farmland loans - $250k-1MM 23 $5,992 $260,522
    Agriculture operations loans - <$1MM 86 $4,072 $47,349
    Agriculture operations loans - <$100k 68 $1,916 $28,176
    Agriculture operations loans - $100-250k 13 $1,283 $98,692
    Agriculture operations loans - $250k-1MM 5 $873 $174,600