Citizens Bank Mortgage Rates, Fees & Info

Columbia, MS

LEI: 549300V7I9AZRM78QT92

Tax ID: 64-0750822

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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 Bank is a smaller bank specializing in Refi and Home Purchase loans. Citizens Bank has a high proportion of conventional loans. They have a low ratio of USDA 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: Hattiesburg, Laurel, Mccomb, Picayune, and Bogalusa among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank 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. They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.80% 11/22/24
    30 Year Conventional Refi 6.81% 11/22/24
    30 Year FHA Purchase 7.09% 11/22/24
    30 Year FHA Refi 7.35% 11/22/24
    30 Year VA Refi 6.27% 11/22/24
    30 Year USDA Purchase 6.52% 11/22/24
    15 Year Conventional Purchase 6.00% 11/22/24
    15 Year Conventional Refi 5.94% 11/22/24
    15 Year Cash-out Refi 5.94% 11/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Citizens Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Citizens Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    567

    Origination Dollar Volume (All Markets)

    $47,885,000

    Employee count

    136

    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
    Outside of Metro Areas 333 $21,465,000 $64,459 $0 6.73%
    HATTIESBURG, MS (FHA|USDA|VA) 156 $18,190,000 $116,603 $0 6.29%
    Laurel, MS (FHA|USDA|VA) 37 $3,155,000 $85,270 $0 6.54%
    McComb, MS (FHA|USDA|VA) 27 $2,225,000 $82,407 $0 6.23%
    Picayune, MS (FHA|USDA|VA) 3 $905,000 $301,667 $0 6.92%
    Bogalusa, LA (FHA|USDA|VA) 1 $765,000 $765,000 $0 5.20%
    JACKSON, MS (FHA|USDA|VA) 4 $620,000 $155,000 $0 5.66%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $245,000 $81,667 $0 6.75%
    Oxford, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
    Starkville, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%
    Greenville, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.00%
    Citizens Bank's top markets include Hattiesburg, Laurel, Mccomb, Picayune, and Bogalusa among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 535 $43,105,000 $80,570 $0 6.72%
    USDA 14 $1,610,000 $115,000 $0 3.76%
    FHA 13 $2,255,000 $173,462 $0 3.55%
    VA 5 $915,000 $183,000 $0 3.85%

    For 2019, Citizens Bank's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was USDA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 368 $27,870,000 $75,734 $0 6.75%
    Home Purchase 158 $18,160,000 $114,937 $0 5.80%
    Other 27 $935,000 $34,630 $0 8.22%
    Home Improvement 14 $920,000 $65,714 $0 6.70%

    For 2019, Citizens Bank's most frequently cited loan purpose was Refi, with 368 originations. The 2nd most popular reason was Home Purchase, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 246 $13,910,000 $56,545 $0 7.59%
    5 Year 144 $9,200,000 $63,889 $0 7.01%
    30 Year 89 $15,855,000 $178,146 $0 3.91%
    3 Year 32 $1,240,000 $38,750 $0 6.50%
    1 Year 29 $4,245,000 $146,379 $0 6.04%
    10 Year 11 $1,025,000 $93,182 $0 4.29%
    15 Year 11 $1,705,000 $155,000 $0 3.50%
    20 Year 5 $705,000 $141,000 $0 4.35%

    For 2019, Citizens Bank's most frequently cited loan duration was Other, with 246 originations. The 2nd most popular length was 5 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 271 $17,525,000 $64,668
    $1k-2k 57 $7,935,000 $139,211
    $2k-3k 36 $7,070,000 $196,389
    $3k-4k 5 $1,465,000 $293,000

    Citizens Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 155 $7,965,000 $51,387
    5-6% 107 $12,645,000 $118,178
    7-8% 97 $4,985,000 $51,392
    Over 8% 96 $3,820,000 $39,792
    3-4% 70 $12,540,000 $179,143
    4-5% 36 $4,960,000 $137,778
    2.5-3% 6 $970,000 $161,667

    During 2019, Citizens Bank's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 6-7%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 408 $16,560,000 $40,588 $0 7.12%
    $100k-200k 105 $14,915,000 $142,048 $0 5.35%
    $200k-400k 47 $12,615,000 $268,404 $0 4.56%
    $400k-600k 5 $2,225,000 $445,000 $0 4.16%
    $600k-1MM 2 $1,570,000 $785,000 $0 5.60%

    2019 saw Citizens Bank place emphasis on $100,000 or less loans with 408 originations, totaling $16,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 155 $6,875,000 $44,355 $0 7.12%
    $50k-75k 120 $9,530,000 $79,417 $0 6.65%
    $100k-150k 93 $8,705,000 $93,602 $0 6.53%
    $75k-100k 73 $7,595,000 $104,041 $0 6.38%
    $150k-250k 38 $4,760,000 $125,263 $0 5.96%
    $250k+ 19 $2,535,000 $133,421 $0 5.98%

    Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 155 originations. The second most popular income band? $50k-75k, with 120 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $9,075,000 $76,261 $0 6.66%
    30-36% 84 $7,040,000 $83,810 $0 6.77%
    <20% 82 $5,290,000 $64,512 $0 7.00%
    >60% 24 $1,520,000 $63,333 $0 7.01%
    38% 20 $1,440,000 $72,000 $0 6.67%
    42% 18 $2,050,000 $113,889 $0 5.44%
    41% 18 $1,350,000 $75,000 $0 5.60%
    44% 16 $1,090,000 $68,125 $0 7.32%
    50-60% 16 $1,200,000 $75,000 $0 7.05%
    36% 13 $1,575,000 $121,154 $0 5.63%
    40% 13 $1,065,000 $81,923 $0 6.50%
    43% 12 $1,000,000 $83,333 $0 6.52%
    37% 10 $680,000 $68,000 $0 6.20%
    39% 8 $570,000 $71,250 $0 6.39%
    46% 7 $1,155,000 $165,000 $0 5.18%
    47% 7 $935,000 $133,571 $0 7.07%
    49% 4 $980,000 $245,000 $0 5.38%
    45% 3 $345,000 $115,000 $0 5.33%
    48% 2 $30,000 $15,000 $0 7.38%

    Citizens Bank lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 435 $37,825,000 $86,954 $0 6.48%
    Not applicable 53 $5,905,000 $111,415 $0 6.06%
    Black 76 $3,660,000 $48,158 $0 7.35%
    Asian 2 $440,000 $220,000 $0 5.13%
    Filipino 1 $55,000 $55,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    90.88%

    Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.77%

    Citizens Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 567 $47,885,000 $84,453

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 5 $1,215,000 $243,000
    Single Family (1-4 Units):Manufactured 100 $3,370,000 $33,700
    Single Family (1-4 Units):Site-Built 461 $43,095,000 $93,482

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $3,890,000 $43,222 $0 7.14%
    40-60% 107 $8,155,000 $76,215 $0 6.65%
    60-80% 175 $17,405,000 $99,457 $0 6.59%
    80-100% 137 $16,695,000 $121,861 $0 5.83%
    Over 100% 6 $470,000 $78,333 $0 6.58%
    Under 20% 52 $1,270,000 $24,423 $0 7.13%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Bank 102 East Main Street Seminary, MS 39479 Full Service B&M $24,504
    Citizens Bank 1036 Highway 42 Sumrall, MS 39482 Full Service B&M $33,258
    Citizens Bank 105 North Clark Avenue Magnolia, MS 39652 Full Service B&M $21,722
    Citizens Bank 1511 West 4th Street Laurel, MS 39440 Full Service B&M $12,495
    Citizens Bank 625 Highway 98 By Pass Columbia, MS 39429 Full Service B&M $48,771
    Citizens Bank 7119 U. S. Highway 98 Hattiesburg, MS 39402 Full Service B&M $33,367
    Citizens Bank 814 Main Street Columbia, MS 39429 Full Service B&M $142,587
    Citizens Bank 907 Beulah Avenue Tylertown, MS 39667 Full Service B&M $60,069

    For 2019, Citizens Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,236
    Net interest income $16,661
    Total noninterest income $4,435
    Gross Fiduciary activities income $150
    Service charges on deposit accounts $2,054
    Trading account gains and fees $0
    Additional Noninterest Income $2,231
    Pre-tax net operating income $6,557
    Securities gains (or losses, -) $5
    Income before extraordinary items $6,562
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,562
    Minority interest net income $0
    Net income $6,562
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,557

    Citizens Bank's gross interest income from loans was $21,236,000.
    Citizens Bank's net interest income from loans was $16,661,000.
    Citizens Bank's fee based income from loans was $2,054,000.
    Citizens Bank's net income from loans was $6,562,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,575
    Provision for credit losses $251
    Total noninterest expense $14,288
    Salaries and employee benefits $9,140
    Premises and equipment expense $1,563
    Additional noninterest expense $3,585
    Applicable income taxes $0
    Net charge-offs $569
    Cash dividends $4,900

    Citizens Bank's interest expense for loans was $4,575,000.
    Citizens Bank's payroll and benefits expense were $9,140,000.
    Citizens Bank's property, plant and equipment expenses $1,563,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $370,703
    Deposits held in domestic offices $370,703
    Deposits by Individuals, partnerships, and corporations $331,999
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $38,704
    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 $107,390
    Demand deposits $52,403
    Nontransaction accounts $263,313
    Money market deposit accounts (MMDAs) $77,397
    Other savings deposits (excluding MMDAs) $24,325
    Total time deposits $161,592
    Total time and savings deposits $318,300
    Noninterest-bearing deposits $75,229
    Interest-bearing deposits $295,474
    Retail deposits $339,629
    IRAs and Keogh plan accounts $26,781
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $421,145
    Cash & Balances due from depository institutions $33,200
    Interest-bearing balances $28,017
    Total securities $40,002
    Federal funds sold & reverse repurchase $9,232
    Net loans and leases $314,298
    Loan and leases loss allowance $4,304
    Trading account assets $0
    Bank premises and fixed assets $9,842
    Other real estate owned $905
    Goodwill and other intangibles $0
    All other assets $13,666

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $421,145
    Total Liabilities $379,557
    Total deposits $370,703
    Interest-bearing deposits $295,474
    Deposits held in domestic offices $370,703
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,421
    Subordinated debt $0
    All other liabilities $3,433

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $314,298
    Loan and leases loss allowance $4,304
    Total loans and leases (domestic) $318,602
    All real estate loans $255,369
    Real estate loans in domestic offices $255,369
    Construction and development loans $21,914
    Residential 1-4 family construction $7,428
    Other construction, all land development and other land $14,486
    Loans secured by nonfarm nonresidential properties $74,242
    Nonfarm nonresidential secured by owner-occupied properties $57,134
    Commercial real estate & other non-farm, non-residential $17,108
    Multifamily residential real estate $1,271
    1-4 family residential loans $95,813
    Farmland loans $62,129
    Loans held in foreign offices $0
    Farm loans $3,881
    Commercial and industrial loans $39,917
    To non-U.S. addressees $0
    Loans to individuals $18,859
    Credit card loans $0
    Related Plans $191
    Consumer Auto Loans $7,651
    Other loans to individuals $11,017
    All other loans & leases $575
    Loans to foreign governments and official institutions $0
    Other loans $443
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $567
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,212
    Non 1-4 family restructured loans & leases $457
    Total loans and leases (foreign) $0

    Citizens Bank had $314,298,000 of loans outstanding in 2019. $255,369,000 of loans were in real estate loans. $21,914,000 of loans were in development loans. $1,271,000 of loans were in multifamily mortgage loans. $95,813,000 of loans were in 1-4 family mortgage loans. $3,881,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,651,000 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 276 $43,399 $157,243
    Nonfarm, nonresidential loans - <$100k 106 $4,199 $39,613
    Nonfarm, nonresidential loans - $100-250k 90 $11,527 $128,078
    Nonfarm, nonresidential loans - $250k-1MM 80 $27,673 $345,913
    Commercial & Industrial, US addressed loans - <$1MM 1,185 $34,621 $29,216
    Commercial & Industrial, US addressed loans - <$100k 1,080 $17,153 $15,882
    Commercial & Industrial, US addressed loans - $100-250k 64 $5,697 $89,016
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $11,771 $287,098
    Farmland loans - <$1MM 555 $32,298 $58,195
    Farmland loans - <$100k 436 $16,237 $37,241
    Farmland loans - $100-250k 98 $11,380 $116,122
    Farmland loans - $250k-1MM 21 $4,681 $222,905
    Agriculture operations loans - <$1MM 285 $3,881 $13,618
    Agriculture operations loans - <$100k 280 $3,532 $12,614
    Agriculture operations loans - $100-250k 5 $349 $69,800