Citizens Bank & Trust Mortgage Rates, Fees & Info
Trenton, GALEI: 254900XASC5S67PMPM58
Tax ID: 58-1743960
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Mortgage Data
Bank Data
Review & Overview
Citizens Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Citizens Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Scottsboro, Fort Payne, Dalton, and Cleveland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens Bank & Trust has an above average approval rate when compared to the average across all lenders.
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Originations
125Origination Dollar Volume (All Markets)
$11,215,000Employee count
43Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 60 | $6,660,000 | $111,000 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 44 | $3,200,000 | $72,727 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 19 | $1,105,000 | $58,158 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $11,215,000 | $89,720 | $0 | 0.00% |
For 2018, Citizens Bank & Trust's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 99 | $8,485,000 | $85,707 | $0 | 0.00% |
| Home Purchase | 22 | $2,600,000 | $118,182 | $0 | 0.00% |
| Home Improvement | 4 | $130,000 | $32,500 | $0 | 0.00% |
For 2018, Citizens Bank & Trust's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $11,215,000 | $89,720 | $0 | 0.00% |
For 2018, Citizens Bank & Trust's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2018 saw Citizens Bank & Trust place emphasis on $100,000 or less loans with 94 originations, totaling $4,620,000 in origination value.
Applicant Income
Citizens Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $11,215,000 | $89,720 | $0 | 0.00% |
Citizens Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 125 | $11,215,000 | $89,720 | $0 | 0.00% |
Approval Rates
Total approvals of all applications99.21%
Citizens Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $11,215,000 | $89,720 |
Occupancy Type Mix
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 Bank & Trust, Inc. | 107 Mcfarland Road Lookout Mountain, GA 30750 | Full Service B&M | $7,701 |
| Citizens Bank & Trust, Inc. | 12255 South Main Street Trenton, GA 30752 | Full Service B&M | $64,815 |
| Citizens Bank & Trust, Inc. | 29316 Alabama Highway 71 Higdon, AL 35979 | Full Service B&M | $14,550 |
For 2018, Citizens Bank & Trust had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,767 |
| Net interest income | $4,334 |
| Total noninterest income | $902 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $505 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $397 |
| Pre-tax net operating income | $1,537 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,208 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,208 |
| Minority interest net income | $0 |
| Net income | $1,208 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,208 |
Citizens Bank & Trust's gross interest income from loans was $4,767,000.
Citizens Bank & Trust's net interest income from loans was $4,334,000.
Citizens Bank & Trust's fee based income from loans was $505,000.
Citizens Bank & Trust's net income from loans was $1,208,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $433 |
| Provision for credit losses | $102 |
| Total noninterest expense | $3,597 |
| Salaries and employee benefits | $1,907 |
| Premises and equipment expense | $347 |
| Additional noninterest expense | $1,343 |
| Applicable income taxes | $329 |
| Net charge-offs | $108 |
| Cash dividends | $1,000 |
Citizens Bank & Trust's interest expense for loans was $433,000.
Citizens Bank & Trust's payroll and benefits expense were $1,907,000.
Citizens Bank & Trust's property, plant and equipment expenses $347,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $84,840 |
| Deposits held in domestic offices | $84,840 |
| Deposits by Individuals, partnerships, and corporations | $80,124 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $4,716 |
| 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 | $31,281 |
| Demand deposits | $13,728 |
| Nontransaction accounts | $53,559 |
| Money market deposit accounts (MMDAs) | $1,895 |
| Other savings deposits (excluding MMDAs) | $20,520 |
| Total time deposits | $31,145 |
| Total time and savings deposits | $71,112 |
| Noninterest-bearing deposits | $13,698 |
| Interest-bearing deposits | $71,142 |
| Retail deposits | $83,250 |
| IRAs and Keogh plan accounts | $6,968 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $97,664 |
| Cash & Balances due from depository institutions | $6,635 |
| Interest-bearing balances | $1,017 |
| Total securities | $25,801 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $60,297 |
| Loan and leases loss allowance | $1,031 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,468 |
| Other real estate owned | $18 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,445 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $97,664 |
| Total Liabilities | $86,777 |
| Total deposits | $84,840 |
| Interest-bearing deposits | $71,142 |
| Deposits held in domestic offices | $84,840 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,937 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $60,297 |
| Loan and leases loss allowance | $1,031 |
| Total loans and leases (domestic) | $61,328 |
| All real estate loans | $48,358 |
| Real estate loans in domestic offices | $48,358 |
| Construction and development loans | $3,123 |
| Residential 1-4 family construction | $825 |
| Other construction, all land development and other land | $2,298 |
| Loans secured by nonfarm nonresidential properties | $6,689 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,891 |
| Commercial real estate & other non-farm, non-residential | $1,798 |
| Multifamily residential real estate | $326 |
| 1-4 family residential loans | $37,477 |
| Farmland loans | $743 |
| Loans held in foreign offices | $0 |
| Farm loans | $515 |
| Commercial and industrial loans | $3,226 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,229 |
| Credit card loans | $0 |
| Related Plans | $39 |
| Consumer Auto Loans | $3,115 |
| Other loans to individuals | $6,075 |
| All other loans & leases | $0 |
| 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 | $431 |
| Non 1-4 family restructured loans & leases | $204 |
| Total loans and leases (foreign) | $0 |
Citizens Bank & Trust had $60,297,000 of loans outstanding in 2018. $48,358,000 of loans were in real estate loans. $3,123,000 of loans were in development loans. $326,000 of loans were in multifamily mortgage loans. $37,477,000 of loans were in 1-4 family mortgage loans. $515,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,115,000 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 | 62 | $6,689 | $107,887 |
| Nonfarm, nonresidential loans - <$100k | 34 | $1,164 | $34,235 |
| Nonfarm, nonresidential loans - $100-250k | 19 | $2,272 | $119,579 |
| Nonfarm, nonresidential loans - $250k-1MM | 9 | $3,253 | $361,444 |
| Commercial & Industrial, US addressed loans - <$1MM | 125 | $3,226 | $25,808 |
| Commercial & Industrial, US addressed loans - <$100k | 115 | $1,462 | $12,713 |
| Commercial & Industrial, US addressed loans - $100-250k | 8 | $1,103 | $137,875 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 2 | $661 | $330,500 |
| Farmland loans - <$1MM | 8 | $743 | $92,875 |
| Farmland loans - <$100k | 6 | $203 | $33,833 |
| Farmland loans - $100-250k | 1 | $91 | $91,000 |
| Farmland loans - $250k-1MM | 1 | $449 | $449,000 |
| Agriculture operations loans - <$1MM | 43 | $515 | $11,977 |
| Agriculture operations loans - <$100k | 43 | $515 | $11,977 |