Is Citizens State Bank of La Crosse An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Citizens State Bank of La Crosse with other lenders for mortgages with similar borrower characteristics:

Interest Rate: higher than average (+0.13%)
Loan Related Closing Costs: lower than average (-$369)
Assessment: this lender tends to be a expensive lender.

This scoreboard is based on data reported to FFIEC. In the data, Citizens State Bank of La Crosse originated 154 mortgages, a national market share of 0.0%. It was most active in WI (0.1% market share), MN (0.0% market share), and FL (0.0% market share).

On average, Citizens State Bank of La Crosse’s interest rates were higher than those of comparable mortgages at other lenders (+0.13%).1The comparable mortgages control for Citizens State Bank of La Crosse’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $1678, which was lower than those of comparable mortgages at $2047, with a difference of -$369. Overall, we estimate that Citizens State Bank of La Crosse tends to be an expensive lender, with a cost-adjusted-rate difference of +0.08% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with Citizens State Bank of La Crosse.

Citizens State Bank of La Crosse specialized in mortgage refinancing, and originated Conforming refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Mortgage Refinancing from Citizens State Bank of La Crosse compared to other lenders

Conforming
Interest Rate Difference +0.13%
Loan Related Closing Cost Difference -$369
Cost Adjusted Rate Difference +0.08%

Based on the table above, Citizens State Bank of La Crosse is more expensive than other lenders for Conforming mortgage refinance.

Other information about Citizens State Bank of La Crosse:

Regulator: Federal Deposit Insurance Corporation (FDIC) 
Top holder: CLAYTON BANKSHARES, INC.
Registered city and state: La Crosse, WI, 54601
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Footnotes   [ + ]

1. The comparable mortgages control for Citizens State Bank of La Crosse’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.