Citizens Bancshares Of Woodville Mortgage Rates, Fees & Info

HUDSON, WI

LEI: 549300TQL7MVZ6OPN578

Tax ID: 39-0210300

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Grand Forks, St. Cloud, and Brainerd among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bancshares Of Woodville 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    173

    Origination Dollar Volume (All Markets)

    $35,525,000

    Employee count

    44

    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) 133 $29,065,000 $218,534 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 19 $3,415,000 $179,737 $0 0.00%
    Outside of Metro Areas 16 $2,670,000 $166,875 $0 0.00%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Albert Lea, MN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Citizens Bancshares Of Woodville's top markets include Minneapolis, Menomonie, Grand Forks, St. Cloud, and Brainerd among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 173 $35,525,000 $205,347 $0 0.00%

    For 2020, Citizens Bancshares Of Woodville's most frequently originated type of loan was Conventional, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $23,350,000 $265,341 $0 0.00%
    Refi 60 $9,780,000 $163,000 $0 0.00%
    Home Improvement 14 $1,480,000 $105,714 $0 0.00%
    Other 11 $915,000 $83,182 $0 0.00%

    For 2020, Citizens Bancshares Of Woodville's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 173 $35,525,000 $205,347 $0 0.00%

    For 2020, Citizens Bancshares Of Woodville's most frequently cited loan duration was Other, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,025,000 $140,789 $0 0.00%
    $100,000 or less 56 $2,940,000 $52,500 $0 0.00%
    $200k-400k 45 $12,725,000 $282,778 $0 0.00%
    $600k-1MM 7 $4,935,000 $705,000 $0 0.00%
    $400k-600k 5 $2,425,000 $485,000 $0 0.00%
    $1MM+ 3 $4,475,000 $1,491,667 $0 0.00%

    2020 saw Citizens Bancshares Of Woodville place emphasis on $100k-200k loans with 57 originations, totaling $8,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 38 $4,980,000 $131,053 $0 0.00%
    $100k-150k 34 $5,260,000 $154,706 $0 0.00%
    $250k+ 20 $8,340,000 $417,000 $0 0.00%
    $50k-75k 20 $3,030,000 $151,500 $0 0.00%
    $75k-100k 19 $1,805,000 $95,000 $0 0.00%
    $50k or less 8 $610,000 $76,250 $0 0.00%

    Citizens Bancshares Of Woodville lent most frequently to those with incomes in the $150k-250k range, with 38 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 173 $35,525,000 $205,347 $0 0.00%

    Citizens Bancshares Of Woodville lent most frequently to those with DTI ratios of Exempt%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 127 $21,385,000 $168,386 $0 0.00%
    Not applicable 34 $11,500,000 $338,235 $0 0.00%
    Black 5 $1,245,000 $249,000 $0 0.00%
    Asian 3 $575,000 $191,667 $0 0.00%
    Not provided 3 $425,000 $141,667 $0 0.00%
    Asian Indian 1 $395,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.95%

    Citizens Bancshares Of Woodville has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.39%

    Citizens Bancshares Of Woodville has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 173 $35,525,000 $205,347

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $6,425,000 $494,231
    Single Family (1-4 Units):Manufactured 7 $635,000 $90,714
    Single Family (1-4 Units):Site-Built 153 $28,465,000 $186,046

    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 140 S Main St Woodville, WI 54028 Full Service B&M $36,951
    Citizens State Bank 1602 North Broadway Menomonie, WI 54751 Full Service B&M $21,026
    Citizens State Bank 375 Stageline Road Hudson, WI 54016 Full Service B&M $103,843
    Citizens State Bank 500 West Boulevard Roberts, WI 54023 Full Service B&M $38,518
    Citizens State Bank 601 Main Street Elmwood, WI 54740 Full Service B&M $22,174

    For 2020, Citizens Bancshares Of Woodville had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,928
    Net interest income $9,479
    Total noninterest income $1,056
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $267
    Trading account gains and fees $0
    Additional Noninterest Income $789
    Pre-tax net operating income $3,080
    Securities gains (or losses, -) $103
    Income before extraordinary items $2,391
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,391
    Minority interest net income $0
    Net income $2,391
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,309

    Citizens Bancshares Of Woodville's gross interest income from loans was $10,928,000.
    Citizens Bancshares Of Woodville's net interest income from loans was $9,479,000.
    Citizens Bancshares Of Woodville's fee based income from loans was $267,000.
    Citizens Bancshares Of Woodville's net income from loans was $2,391,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,449
    Provision for credit losses $1,065
    Total noninterest expense $6,390
    Salaries and employee benefits $3,965
    Premises and equipment expense $583
    Additional noninterest expense $1,842
    Applicable income taxes $792
    Net charge-offs $-53
    Cash dividends $400

    Citizens Bancshares Of Woodville's interest expense for loans was $1,449,000.
    Citizens Bancshares Of Woodville's payroll and benefits expense were $3,965,000.
    Citizens Bancshares Of Woodville's property, plant and equipment expenses $583,000.

    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 $227,590
    Deposits held in domestic offices $227,590
    Deposits by Individuals, partnerships, and corporations $205,164
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,426
    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 $83,168
    Demand deposits $46,075
    Nontransaction accounts $144,422
    Money market deposit accounts (MMDAs) $67,567
    Other savings deposits (excluding MMDAs) $31,865
    Total time deposits $44,990
    Total time and savings deposits $181,515
    Noninterest-bearing deposits $46,313
    Interest-bearing deposits $181,277
    Retail deposits $221,572
    IRAs and Keogh plan accounts $4,406
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $268,933
    Cash & Balances due from depository institutions $21,767
    Interest-bearing balances $20,899
    Total securities $29,916
    Federal funds sold & reverse repurchase $1,471
    Net loans and leases $207,770
    Loan and leases loss allowance $3,283
    Trading account assets $0
    Bank premises and fixed assets $5,819
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,190

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $268,933
    Total Liabilities $247,616
    Total deposits $227,590
    Interest-bearing deposits $181,277
    Deposits held in domestic offices $227,590
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,000
    Subordinated debt $0
    All other liabilities $1,026

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $207,770
    Loan and leases loss allowance $3,283
    Total loans and leases (domestic) $211,053
    All real estate loans $187,511
    Real estate loans in domestic offices $187,511
    Construction and development loans $16,053
    Residential 1-4 family construction $12,023
    Other construction, all land development and other land $4,030
    Loans secured by nonfarm nonresidential properties $61,302
    Nonfarm nonresidential secured by owner-occupied properties $40,532
    Commercial real estate & other non-farm, non-residential $20,770
    Multifamily residential real estate $11,476
    1-4 family residential loans $89,103
    Farmland loans $9,577
    Loans held in foreign offices $0
    Farm loans $538
    Commercial and industrial loans $19,479
    To non-U.S. addressees $0
    Loans to individuals $2,473
    Credit card loans $0
    Related Plans $368
    Consumer Auto Loans $1,188
    Other loans to individuals $917
    All other loans & leases $1,052
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,365
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    CITIZENS BANCSHARES OF WOODVILLE had $207,770,000 of loans outstanding in 2020. $187,511,000 of loans were in real estate loans. $16,053,000 of loans were in development loans. $11,476,000 of loans were in multifamily mortgage loans. $89,103,000 of loans were in 1-4 family mortgage loans. $538,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,188,000 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 150 $33,214 $221,427
    Nonfarm, nonresidential loans - <$100k 28 $615 $21,964
    Nonfarm, nonresidential loans - $100-250k 47 $5,737 $122,064
    Nonfarm, nonresidential loans - $250k-1MM 75 $26,862 $358,160
    Commercial & Industrial, US addressed loans - <$1MM 349 $17,402 $49,862
    Commercial & Industrial, US addressed loans - <$100k 259 $4,641 $17,919
    Commercial & Industrial, US addressed loans - $100-250k 63 $6,122 $97,175
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $6,639 $245,889
    Farmland loans - <$1MM 49 $6,881 $140,429
    Farmland loans - <$100k 19 $707 $37,211
    Farmland loans - $100-250k 17 $2,326 $136,824
    Farmland loans - $250k-1MM 13 $3,848 $296,000
    Agriculture operations loans - <$1MM 25 $538 $21,520
    Agriculture operations loans - <$100k 23 $195 $8,478
    Agriculture operations loans - $250k-1MM 2 $343 $171,500