Citizens Bank & Trust Mortgage Rates, Fees & Info

Guntersville, AL

LEI: 5493005GHHD2LL3US857

Tax ID: 43-1994736

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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 & Trust is a smaller bank specializing in Home Purchase and Refi loans. Citizens Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Albertville, Birmingham, Cullman, Florence, and Crestview among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank & Trust has an 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.

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    Originations

    161

    Origination Dollar Volume (All Markets)

    $37,395,000

    Employee count

    118

    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
    Albertville, AL (FHA|USDA|VA) 83 $19,785,000 $238,373 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 16 $5,140,000 $321,250 $0 0.00%
    Cullman, AL (FHA|USDA|VA) 23 $3,725,000 $161,957 $0 0.00%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 12 $2,190,000 $182,500 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 6 $1,550,000 $258,333 $0 0.00%
    Outside of Metro Areas 4 $1,120,000 $280,000 $0 0.00%
    GADSDEN, AL (FHA|USDA|VA) 4 $600,000 $150,000 $0 0.00%
    Fort Payne, AL (FHA|USDA|VA) 7 $515,000 $73,571 $0 0.00%
    Scottsboro, AL (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Jasper, AL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Citizens Bank & Trust's top markets include Albertville, Birmingham, Cullman, Florence, and Crestview among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $37,395,000 $232,267 $0 0.00%

    For 2020, Citizens Bank & Trust's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $20,280,000 $241,429 $0 0.00%
    Refi 73 $16,875,000 $231,164 $0 0.00%
    Home Improvement 2 $100,000 $50,000 $0 0.00%
    Other 2 $140,000 $70,000 $0 0.00%

    For 2020, Citizens Bank & Trust's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 161 $37,395,000 $232,267 $0 0.00%

    For 2020, Citizens Bank & Trust's most frequently cited loan duration was Other, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,365,000 $61,182 $0 0.00%
    $200k-400k 47 $13,825,000 $294,149 $0 0.00%
    $100k-200k 40 $5,700,000 $142,500 $0 0.00%
    $400k-600k 10 $4,790,000 $479,000 $0 0.00%
    $600k-1MM 6 $4,270,000 $711,667 $0 0.00%
    $1MM+ 3 $5,445,000 $1,815,000 $0 0.00%

    2020 saw Citizens Bank & Trust place emphasis on $100,000 or less loans with 55 originations, totaling $3,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $2,565,000 $82,742 $0 0.00%
    $150k-250k 30 $7,440,000 $248,000 $0 0.00%
    $75k-100k 24 $4,120,000 $171,667 $0 0.00%
    $100k-150k 22 $6,060,000 $275,455 $0 0.00%
    $50k-75k 14 $1,700,000 $121,429 $0 0.00%
    $250k+ 13 $10,865,000 $835,769 $0 0.00%

    Citizens Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $150k-250k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 161 $37,395,000 $232,267 $0 0.00%

    Citizens Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $33,340,000 $241,594 $0 0.00%
    Not applicable 20 $2,920,000 $146,000 $0 0.00%
    Black 1 $725,000 $725,000 $0 0.00%
    Not provided 1 $365,000 $365,000 $0 0.00%
    Asian Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.43%

    Citizens Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.26%

    Citizens Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 161 $37,395,000 $232,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,675,000 $335,000
    Single Family (1-4 Units):Manufactured 11 $775,000 $70,455
    Single Family (1-4 Units):Site-Built 145 $34,945,000 $241,000

    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 Bank & Trust 1205 North Brindlee Mountain Parkway Arab, AL 35016 Full Service B&M $74,382
    Citizens Bank & Trust 13870 Highway 231/431 North Hazel Green, AL 35750 Full Service B&M $28,303
    Citizens Bank & Trust 223 2nd Avenue Se Cullman, AL 35055 Full Service B&M $25,049
    Citizens Bank & Trust 25530 Alabama Highway 127 Elkmont, AL 35620 Full Service B&M $13,800
    Citizens Bank & Trust 324 North Broad Street Albertville, AL 35950 Full Service B&M $152,358
    Citizens Bank & Trust 5053 Main Drive New Hope, AL 35760 Full Service B&M $17,713
    Citizens Bank & Trust 711 Gunter Avenue Guntersville, AL 35976 Full Service B&M $244,023
    Citizens Bank & Trust Market Square, 42 Rogersville, AL 35652 Full Service B&M $27,809

    For 2020, Citizens Bank & Trust had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,973
    Net interest income $20,776
    Total noninterest income $3,123
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,154
    Trading account gains and fees $0
    Additional Noninterest Income $1,969
    Pre-tax net operating income $6,315
    Securities gains (or losses, -) $65
    Income before extraordinary items $6,006
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,006
    Minority interest net income $0
    Net income $6,006
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,944

    Citizens Bank & Trust's gross interest income from loans was $23,973,000.
    Citizens Bank & Trust's net interest income from loans was $20,776,000.
    Citizens Bank & Trust's fee based income from loans was $1,154,000.
    Citizens Bank & Trust's net income from loans was $6,006,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,197
    Provision for credit losses $1,161
    Total noninterest expense $16,423
    Salaries and employee benefits $8,729
    Premises and equipment expense $1,565
    Additional noninterest expense $6,129
    Applicable income taxes $374
    Net charge-offs $107
    Cash dividends $1,255

    Citizens Bank & Trust's interest expense for loans was $3,197,000.
    Citizens Bank & Trust's payroll and benefits expense were $8,729,000.
    Citizens Bank & Trust's property, plant and equipment expenses $1,565,000.

    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 $607,080
    Deposits held in domestic offices $607,080
    Deposits by Individuals, partnerships, and corporations $483,358
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $123,225
    Deposits by Commercial banks and other depository institutions in U.S. $497
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $64,439
    Demand deposits $30,281
    Nontransaction accounts $542,641
    Money market deposit accounts (MMDAs) $77,864
    Other savings deposits (excluding MMDAs) $353,123
    Total time deposits $111,654
    Total time and savings deposits $576,799
    Noninterest-bearing deposits $158,524
    Interest-bearing deposits $448,556
    Retail deposits $567,720
    IRAs and Keogh plan accounts $15,168
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $719,870
    Cash & Balances due from depository institutions $108,778
    Interest-bearing balances $101,330
    Total securities $149,997
    Federal funds sold & reverse repurchase $9,880
    Net loans and leases $404,790
    Loan and leases loss allowance $6,062
    Trading account assets $0
    Bank premises and fixed assets $16,762
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $29,663

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $719,870
    Total Liabilities $653,424
    Total deposits $607,080
    Interest-bearing deposits $448,556
    Deposits held in domestic offices $607,080
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $21,996
    Trading liabilities $0
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $4,348

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $404,790
    Loan and leases loss allowance $6,062
    Total loans and leases (domestic) $410,852
    All real estate loans $298,920
    Real estate loans in domestic offices $298,920
    Construction and development loans $51,840
    Residential 1-4 family construction $10,954
    Other construction, all land development and other land $40,886
    Loans secured by nonfarm nonresidential properties $112,131
    Nonfarm nonresidential secured by owner-occupied properties $84,952
    Commercial real estate & other non-farm, non-residential $27,179
    Multifamily residential real estate $6,981
    1-4 family residential loans $107,066
    Farmland loans $20,902
    Loans held in foreign offices $0
    Farm loans $4,443
    Commercial and industrial loans $89,201
    To non-U.S. addressees $0
    Loans to individuals $10,419
    Credit card loans $0
    Related Plans $1,158
    Consumer Auto Loans $3,003
    Other loans to individuals $6,258
    All other loans & leases $7,869
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $6,323
    Loans not secured by real estate $541
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $182
    Non 1-4 family restructured loans & leases $182
    Total loans and leases (foreign) $0

    Citizens Bank & Trust had $404,790,000 of loans outstanding in 2020. $298,920,000 of loans were in real estate loans. $51,840,000 of loans were in development loans. $6,981,000 of loans were in multifamily mortgage loans. $107,066,000 of loans were in 1-4 family mortgage loans. $4,443,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,003,000 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 324 $58,352 $180,099
    Nonfarm, nonresidential loans - <$100k 88 $3,718 $42,250
    Nonfarm, nonresidential loans - $100-250k 133 $17,911 $134,669
    Nonfarm, nonresidential loans - $250k-1MM 103 $36,723 $356,534
    Commercial & Industrial, US addressed loans - <$1MM 1,212 $55,995 $46,200
    Commercial & Industrial, US addressed loans - <$100k 1,011 $21,840 $21,602
    Commercial & Industrial, US addressed loans - $100-250k 123 $12,915 $105,000
    Commercial & Industrial, US addressed loans - $250k-1MM 78 $21,240 $272,308
    Farmland loans - <$1MM 88 $9,137 $103,830
    Farmland loans - <$100k 40 $1,727 $43,175
    Farmland loans - $100-250k 42 $5,872 $139,810
    Farmland loans - $250k-1MM 6 $1,538 $256,333
    Agriculture operations loans - <$1MM 165 $4,436 $26,885
    Agriculture operations loans - <$100k 154 $3,080 $20,000
    Agriculture operations loans - $100-250k 10 $1,061 $106,100
    Agriculture operations loans - $250k-1MM 1 $295 $295,000