Citizens Bank Mortgage Rates, Fees & Info
Corvallis, ORLEI: 549300ZRZZ5VMD9PF263
Tax ID: 93-0462799
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Bank Data
Review & Overview
Citizens Bank is a smaller bank specializing in various types of mortgages.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
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 54 | 15.6% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Closing on a mortgage | 22 | 6.3% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Improper use of your report | 1 | 0.3% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Incorrect information on your report | 6 | 1.7% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 3 | 0.9% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Struggling to pay mortgage | 27 | 7.8% |
| CITIZENS FINANCIAL GROUP, INC. | Conventional home mortgage | Trouble during payment process | 116 | 33.4% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 2.0% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Closing on a mortgage | 4 | 1.2% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Struggling to pay mortgage | 15 | 4.3% |
| CITIZENS FINANCIAL GROUP, INC. | FHA mortgage | Trouble during payment process | 19 | 5.5% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 7 | 2.0% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 4 | 1.2% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 2 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 27 | 7.8% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 1.4% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Closing on a mortgage | 3 | 0.9% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Improper use of your report | 1 | 0.3% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Incorrect information on your report | 1 | 0.3% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Struggling to pay mortgage | 3 | 0.9% |
| CITIZENS FINANCIAL GROUP, INC. | Other type of mortgage | Trouble during payment process | 13 | 3.7% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Struggling to pay mortgage | 2 | 0.6% |
| CITIZENS FINANCIAL GROUP, INC. | VA mortgage | Trouble during payment process | 3 | 0.9% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Citizens Bank | 1224 Main Street Philomath, OR 97370 | Full Service B&M | $83,494 |
| Citizens Bank | 19245 South Molalla Avenue, Suite 1 Oregon City, OR 97045 | Full Service B&M | $17,640 |
| Citizens Bank | 2122 S. Santiam Hwy. Lebanon, OR 97355 | Full Service B&M | $20,252 |
| Citizens Bank | 217 East Main Street Silverton, OR 97381 | Full Service B&M | $43,134 |
| Citizens Bank | 2230 Pacific Boulevard, S.W. Albany, OR 97321 | Full Service B&M | $31,908 |
| Citizens Bank | 230 N 3rd St Suite 101 Harrisburg, OR 97446 | Full Service B&M | $14,992 |
| Citizens Bank | 2315 Se 14th Avenue Albany, OR 97321 | Full Service B&M | $79,014 |
| Citizens Bank | 2355 Olympic Street Springfield, OR 97477 | Full Service B&M | $21,556 |
| Citizens Bank | 275 S. W. Third Street Corvallis, OR 97339 | Full Service B&M | $262,370 |
| Citizens Bank | 333 High Street, Suite 101 Salem, OR 97301 | Full Service B&M | $7,112 |
| Citizens Bank | 455 Northeast Baker Street Mcminnville, OR 97128 | Full Service B&M | $78,725 |
| Citizens Bank | 583 Jefferson Street, Se Dallas, OR 97338 | Full Service B&M | $43,003 |
| Citizens Bank | 8100 Sw Nyberg St, Suite 110 Tualatin, OR 97062 | Full Service B&M | $17,709 |
| Citizens Bank | 955 Ivy Street, Suite 1 Junction City, OR 97448 | Full Service B&M | $73,346 |
| Citizens Bank | 978 N.W. Circle Boulevard Corvallis, OR 97330 | Full Service B&M | $99,676 |
For 2021, Citizens Bank had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $27,270 |
| Net interest income | $26,808 |
| Total noninterest income | $3,096 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $528 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,568 |
| Pre-tax net operating income | $13,721 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $10,371 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,371 |
| Minority interest net income | $0 |
| Net income | $10,371 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,371 |
Citizens Bank's gross interest income from loans was $27,270,000.
Citizens Bank's net interest income from loans was $26,808,000.
Citizens Bank's fee based income from loans was $528,000.
Citizens Bank's net income from loans was $10,371,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $462 |
| Provision for credit losses | $-4,500 |
| Total noninterest expense | $20,683 |
| Salaries and employee benefits | $14,151 |
| Premises and equipment expense | $1,395 |
| Additional noninterest expense | $5,137 |
| Applicable income taxes | $3,350 |
| Net charge-offs | $-59 |
| Cash dividends | $3,283 |
Citizens Bank's interest expense for loans was $462,000.
Citizens Bank's payroll and benefits expense were $14,151,000.
Citizens Bank's property, plant and equipment expenses $1,395,000.
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 | $916,501 |
| Deposits held in domestic offices | $916,501 |
| Deposits by Individuals, partnerships, and corporations | $907,298 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $9,177 |
| Deposits by Commercial banks and other depository institutions in U.S. | $26 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $574,436 |
| Demand deposits | $450,605 |
| Nontransaction accounts | $342,065 |
| Money market deposit accounts (MMDAs) | $248,871 |
| Other savings deposits (excluding MMDAs) | $76,217 |
| Total time deposits | $16,979 |
| Total time and savings deposits | $465,896 |
| Noninterest-bearing deposits | $448,598 |
| Interest-bearing deposits | $467,903 |
| Retail deposits | $913,825 |
| IRAs and Keogh plan accounts | $5,612 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,067,265 |
| Cash & Balances due from depository institutions | $115,319 |
| Interest-bearing balances | $100,345 |
| Total securities | $552,051 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $353,119 |
| Loan and leases loss allowance | $8,047 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,132 |
| Other real estate owned | $729 |
| Goodwill and other intangibles | $0 |
| All other assets | $33,915 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,067,265 |
| Total Liabilities | $971,820 |
| Total deposits | $916,501 |
| Interest-bearing deposits | $467,903 |
| Deposits held in domestic offices | $916,501 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $43,930 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $11,389 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $353,119 |
| Loan and leases loss allowance | $8,047 |
| Total loans and leases (domestic) | $361,166 |
| All real estate loans | $288,227 |
| Real estate loans in domestic offices | $288,227 |
| Construction and development loans | $18,190 |
| Residential 1-4 family construction | $1,056 |
| Other construction, all land development and other land | $17,134 |
| Loans secured by nonfarm nonresidential properties | $164,000 |
| Nonfarm nonresidential secured by owner-occupied properties | $94,762 |
| Commercial real estate & other non-farm, non-residential | $69,238 |
| Multifamily residential real estate | $18,830 |
| 1-4 family residential loans | $30,613 |
| Farmland loans | $56,594 |
| Loans held in foreign offices | $0 |
| Farm loans | $26,609 |
| Commercial and industrial loans | $39,127 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,383 |
| Credit card loans | $0 |
| Related Plans | $21 |
| Consumer Auto Loans | $18 |
| Other loans to individuals | $2,344 |
| All other loans & leases | $4,820 |
| 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 | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $19 |
| Non 1-4 family restructured loans & leases | $19 |
| Total loans and leases (foreign) | $0 |
Citizens Bank had $353,119,000 of loans outstanding in 2021. $288,227,000 of loans were in real estate loans. $18,190,000 of loans were in development loans. $18,830,000 of loans were in multifamily mortgage loans. $30,613,000 of loans were in 1-4 family mortgage loans. $26,609,000 of loans were in farm loans. $0 of loans were in credit card loans. $18,000 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 | 253 | $65,723 | $259,775 |
| Nonfarm, nonresidential loans - <$100k | 23 | $989 | $43,000 |
| Nonfarm, nonresidential loans - $100-250k | 81 | $11,018 | $136,025 |
| Nonfarm, nonresidential loans - $250k-1MM | 149 | $53,716 | $360,510 |
| Commercial & Industrial, US addressed loans - <$1MM | 568 | $37,005 | $65,150 |
| Commercial & Industrial, US addressed loans - <$100k | 355 | $8,307 | $23,400 |
| Commercial & Industrial, US addressed loans - $100-250k | 128 | $10,008 | $78,188 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 85 | $18,690 | $219,882 |
| Farmland loans - <$1MM | 118 | $33,905 | $287,331 |
| Farmland loans - <$100k | 10 | $348 | $34,800 |
| Farmland loans - $100-250k | 32 | $3,684 | $115,125 |
| Farmland loans - $250k-1MM | 76 | $29,873 | $393,066 |
| Agriculture operations loans - <$1MM | 145 | $14,723 | $101,538 |
| Agriculture operations loans - <$100k | 64 | $1,738 | $27,156 |
| Agriculture operations loans - $100-250k | 35 | $1,632 | $46,629 |
| Agriculture operations loans - $250k-1MM | 46 | $11,353 | $246,804 |