Citizens Bancshares Of Woodville Mortgage Rates, Fees & Info

HUDSON, WI

LEI: 549300TQL7MVZ6OPN578

Tax ID: 39-0210300

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Bancshares Of Woodville is a smaller mortgage company specializing in Home Purchase and Refi loans. Citizens Bancshares Of Woodville has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Menomonie, and Duluth among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bancshares Of Woodville 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

    109

    Origination Dollar Volume (All Markets)

    $20,445,000

    Employee count

    46

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 89 $15,475,000 $173,876 $0 0.00%
    Outside of Metro Areas 10 $3,880,000 $388,000 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 9 $1,065,000 $118,333 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Citizens Bancshares Of Woodville's top markets include Minneapolis, Menomonie, and Duluth among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $20,445,000 $187,569 $0 0.00%

    For 2018, Citizens Bancshares Of Woodville's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $11,310,000 $182,419 $0 0.00%
    Refi 32 $7,850,000 $245,313 $0 0.00%
    Home Improvement 11 $1,035,000 $94,091 $0 0.00%
    Other 4 $250,000 $62,500 $0 0.00%

    For 2018, Citizens Bancshares Of Woodville's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $20,445,000 $187,569 $0 0.00%

    For 2018, Citizens Bancshares Of Woodville's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,425,000 $51,596 $0 0.00%
    $100k-200k 30 $4,250,000 $141,667 $0 0.00%
    $200k-400k 23 $5,915,000 $257,174 $0 0.00%
    $400k-600k 4 $1,960,000 $490,000 $0 0.00%
    $600k-1MM 3 $2,115,000 $705,000 $0 0.00%
    $1MM+ 2 $3,780,000 $1,890,000 $0 0.00%

    2018 saw Citizens Bancshares Of Woodville place emphasis on $100,000 or less loans with 47 originations, totaling $2,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $3,550,000 $177,500 $0 0.00%
    $100k-150k 16 $1,960,000 $122,500 $0 0.00%
    $50k-75k 16 $1,760,000 $110,000 $0 0.00%
    $75k-100k 13 $1,515,000 $116,538 $0 0.00%
    $250k+ 10 $1,310,000 $131,000 $0 0.00%
    $50k or less 3 $135,000 $45,000 $0 0.00%

    Citizens Bancshares Of Woodville lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $20,445,000 $187,569 $0 0.00%

    Citizens Bancshares Of Woodville lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 31 $10,215,000 $329,516 $0 0.00%
    White 68 $8,670,000 $127,500 $0 0.00%
    Asian 6 $1,030,000 $171,667 $0 0.00%
    Not provided 3 $515,000 $171,667 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.19%

    Citizens Bancshares Of Woodville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.90%

    Citizens Bancshares Of Woodville has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $20,445,000 $187,569

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,690,000 $1,172,500
    Single Family (1-4 Units):Manufactured 3 $225,000 $75,000
    Single Family (1-4 Units):Site-Built 102 $15,530,000 $152,255

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 5 2.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 16 9.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 36 21.1%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 8 4.7%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 9 5.3%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 4.1%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 41 24.0%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.2%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 1.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 4 2.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 15 8.8%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 0.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens State Bank 140 S Main St Woodville, WI 54028 Full Service B&M $30,913
    Citizens State Bank 1602 North Broadway Menomonie, WI 54751 Full Service B&M $18,795
    Citizens State Bank 375 Stageline Road Hudson, WI 54016 Full Service B&M $63,480
    Citizens State Bank 500 West Boulevard Roberts, WI 54023 Full Service B&M $29,611
    Citizens State Bank 601 Main Street Elmwood, WI 54740 Full Service B&M $19,665

    For 2018, Citizens Bancshares Of Woodville had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,606
    Net interest income $7,150
    Total noninterest income $813
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $352
    Trading account gains and fees $0
    Additional Noninterest Income $461
    Pre-tax net operating income $2,073
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,570
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,570
    Minority interest net income $0
    Net income $1,570
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,570

    Citizens Bancshares Of Woodville's gross interest income from loans was $8,606,000.
    Citizens Bancshares Of Woodville's net interest income from loans was $7,150,000.
    Citizens Bancshares Of Woodville's fee based income from loans was $352,000.
    Citizens Bancshares Of Woodville's net income from loans was $1,570,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,456
    Provision for credit losses $240
    Total noninterest expense $5,650
    Salaries and employee benefits $3,476
    Premises and equipment expense $579
    Additional noninterest expense $1,595
    Applicable income taxes $503
    Net charge-offs $76
    Cash dividends $300

    Citizens Bancshares Of Woodville's interest expense for loans was $1,456,000.
    Citizens Bancshares Of Woodville's payroll and benefits expense were $3,476,000.
    Citizens Bancshares Of Woodville's property, plant and equipment expenses $579,000.

    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 $184,022
    Deposits held in domestic offices $184,022
    Deposits by Individuals, partnerships, and corporations $159,902
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,120
    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 $63,845
    Demand deposits $34,142
    Nontransaction accounts $120,177
    Money market deposit accounts (MMDAs) $31,386
    Other savings deposits (excluding MMDAs) $34,433
    Total time deposits $54,357
    Total time and savings deposits $149,880
    Noninterest-bearing deposits $34,517
    Interest-bearing deposits $149,505
    Retail deposits $177,565
    IRAs and Keogh plan accounts $4,572
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $209,945
    Cash & Balances due from depository institutions $14,801
    Interest-bearing balances $14,106
    Total securities $25,232
    Federal funds sold & reverse repurchase $162
    Net loans and leases $161,750
    Loan and leases loss allowance $1,920
    Trading account assets $0
    Bank premises and fixed assets $6,270
    Other real estate owned $287
    Goodwill and other intangibles $0
    All other assets $1,443

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $209,945
    Total Liabilities $193,636
    Total deposits $184,022
    Interest-bearing deposits $149,505
    Deposits held in domestic offices $184,022
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $614

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $161,750
    Loan and leases loss allowance $1,920
    Total loans and leases (domestic) $163,670
    All real estate loans $140,969
    Real estate loans in domestic offices $140,969
    Construction and development loans $11,878
    Residential 1-4 family construction $3,726
    Other construction, all land development and other land $8,152
    Loans secured by nonfarm nonresidential properties $46,739
    Nonfarm nonresidential secured by owner-occupied properties $26,274
    Commercial real estate & other non-farm, non-residential $20,465
    Multifamily residential real estate $4,741
    1-4 family residential loans $68,233
    Farmland loans $9,378
    Loans held in foreign offices $0
    Farm loans $757
    Commercial and industrial loans $18,583
    To non-U.S. addressees $0
    Loans to individuals $2,030
    Credit card loans $0
    Related Plans $112
    Consumer Auto Loans $906
    Other loans to individuals $1,012
    All other loans & leases $1,332
    Loans to foreign governments and official institutions $0
    Other loans $18
    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

    CITIZENS BANCSHARES OF WOODVILLE had $161,750,000 of loans outstanding in 2018. $140,969,000 of loans were in real estate loans. $11,878,000 of loans were in development loans. $4,741,000 of loans were in multifamily mortgage loans. $68,233,000 of loans were in 1-4 family mortgage loans. $757,000 of loans were in farm loans. $0 of loans were in credit card loans. $906,000 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 120 $24,183 $201,525
    Nonfarm, nonresidential loans - <$100k 25 $657 $26,280
    Nonfarm, nonresidential loans - $100-250k 44 $5,202 $118,227
    Nonfarm, nonresidential loans - $250k-1MM 51 $18,324 $359,294
    Commercial & Industrial, US addressed loans - <$1MM 260 $15,403 $59,242
    Commercial & Industrial, US addressed loans - <$100k 179 $2,454 $13,709
    Commercial & Industrial, US addressed loans - $100-250k 45 $4,257 $94,600
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $8,692 $241,444
    Farmland loans - <$1MM 38 $5,558 $146,263
    Farmland loans - <$100k 13 $378 $29,077
    Farmland loans - $100-250k 14 $1,656 $118,286
    Farmland loans - $250k-1MM 11 $3,524 $320,364
    Agriculture operations loans - <$1MM 31 $757 $24,419
    Agriculture operations loans - <$100k 29 $476 $16,414
    Agriculture operations loans - $250k-1MM 2 $281 $140,500