Citizens Bank And Trust Company Mortgage Rates, Fees & Info

Blackstone, VA

LEI: 54930085YFG0F7C2GE23

Tax ID: 54-0169450

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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 And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Citizens Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Kill Devil Hills, and Easton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank And Trust Company 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.

    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

    157

    Origination Dollar Volume (All Markets)

    $21,115,000

    Employee count

    89

    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
    RICHMOND, VA (FHA|USDA|VA) 69 $10,675,000 $154,710 $0 0.00%
    Outside of Metro Areas 86 $9,920,000 $115,349 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    Easton, MD (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond, Kill Devil Hills, and Easton among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $21,115,000 $134,490 $0 0.00%

    For 2018, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 77 $13,395,000 $173,961 $0 0.00%
    Refi 61 $6,075,000 $99,590 $0 0.00%
    Home Improvement 19 $1,645,000 $86,579 $0 0.00%

    For 2018, Citizens Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $21,115,000 $134,490 $0 0.00%

    For 2018, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 90 $4,930,000 $54,778 $0 0.00%
    $100k-200k 37 $4,795,000 $129,595 $0 0.00%
    $200k-400k 25 $6,775,000 $271,000 $0 0.00%
    $400k-600k 2 $890,000 $445,000 $0 0.00%
    $600k-1MM 2 $1,870,000 $935,000 $0 0.00%
    $1MM+ 1 $1,855,000 $1,855,000 $0 0.00%

    2018 saw Citizens Bank And Trust Company place emphasis on $100,000 or less loans with 90 originations, totaling $4,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $2,845,000 $63,222 $0 0.00%
    $50k-75k 26 $2,610,000 $100,385 $0 0.00%
    $75k-100k 18 $2,430,000 $135,000 $0 0.00%
    $100k-150k 16 $1,950,000 $121,875 $0 0.00%
    $150k-250k 7 $1,735,000 $247,857 $0 0.00%
    $250k+ 3 $1,345,000 $448,333 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $21,115,000 $134,490 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $11,740,000 $124,894 $0 0.00%
    Not applicable 40 $7,850,000 $196,250 $0 0.00%
    Black 20 $1,150,000 $57,500 $0 0.00%
    Asian 2 $240,000 $120,000 $0 0.00%
    Other Pacific Islander 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.91%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.72%

    Citizens Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $21,115,000 $134,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,505,000 $835,000
    Single Family (1-4 Units):Manufactured 34 $2,550,000 $75,000
    Single Family (1-4 Units):Site-Built 120 $16,060,000 $133,833

    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 and Trust Company 1517 West Third Street Farmville, VA 23901 Full Service B&M $25,273
    Citizens Bank and Trust Company 1575 South Main Street Blackstone, VA 23824 Full Service B&M $14,470
    Citizens Bank and Trust Company 1712 South Main Street Farmville, VA 23901 Full Service B&M $30,323
    Citizens Bank and Trust Company 210 Carter Street Crewe, VA 23930 Full Service B&M $34,372
    Citizens Bank and Trust Company 101 North Main Street Blackstone, VA 23824 Full Service B&M $0
    Citizens Bank and Trust Company 102 Second Street, Northeast Burkeville, VA 23922 Full Service B&M $23,778
    Citizens Bank and Trust Company 12101 Olivers Way Chester, VA 23831 Full Service B&M $11,088
    Citizens Bank and Trust Company 126 South Main Street Blackstone, VA 23824 Full Service B&M $106,265
    Citizens Bank and Trust Company 497 Southpark Circle Colonial Heights, VA 23834 Full Service B&M $15,204
    Citizens Bank and Trust Company 622 E. Atlantic Street South Hill, VA 23970 Full Service B&M $13,659
    Citizens Bank and Trust Company 9060 North Five Forks Road Amelia Court House, VA 23002 Full Service B&M $48,174

    For 2018, Citizens Bank And Trust Company had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,221
    Net interest income $13,035
    Total noninterest income $3,504
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $817
    Trading account gains and fees $0
    Additional Noninterest Income $2,687
    Pre-tax net operating income $6,007
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,969
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,969
    Minority interest net income $0
    Net income $4,969
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,969

    Citizens Bank And Trust Company's gross interest income from loans was $14,221,000.
    Citizens Bank And Trust Company's net interest income from loans was $13,035,000.
    Citizens Bank And Trust Company's fee based income from loans was $817,000.
    Citizens Bank And Trust Company's net income from loans was $4,969,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,186
    Provision for credit losses $150
    Total noninterest expense $10,382
    Salaries and employee benefits $6,287
    Premises and equipment expense $1,095
    Additional noninterest expense $3,000
    Applicable income taxes $1,038
    Net charge-offs $-41
    Cash dividends $1,925

    Citizens Bank And Trust Company's interest expense for loans was $1,186,000.
    Citizens Bank And Trust Company's payroll and benefits expense were $6,287,000.
    Citizens Bank And Trust Company's property, plant and equipment expenses $1,095,000.

    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 $329,346
    Deposits held in domestic offices $329,346
    Deposits by Individuals, partnerships, and corporations $288,852
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40,494
    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 $24,395
    Demand deposits $12,389
    Nontransaction accounts $304,951
    Money market deposit accounts (MMDAs) $61,314
    Other savings deposits (excluding MMDAs) $157,653
    Total time deposits $85,984
    Total time and savings deposits $316,957
    Noninterest-bearing deposits $66,098
    Interest-bearing deposits $263,248
    Retail deposits $307,145
    IRAs and Keogh plan accounts $18,772
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $392,464
    Cash & Balances due from depository institutions $8,276
    Interest-bearing balances $413
    Total securities $106,886
    Federal funds sold & reverse repurchase $33,463
    Net loans and leases $216,779
    Loan and leases loss allowance $2,428
    Trading account assets $0
    Bank premises and fixed assets $7,466
    Other real estate owned $3,769
    Goodwill and other intangibles $0
    All other assets $15,825

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $392,464
    Total Liabilities $342,155
    Total deposits $329,346
    Interest-bearing deposits $263,248
    Deposits held in domestic offices $329,346
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $9,532
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,277

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $216,779
    Loan and leases loss allowance $2,428
    Total loans and leases (domestic) $219,207
    All real estate loans $189,871
    Real estate loans in domestic offices $189,871
    Construction and development loans $20,575
    Residential 1-4 family construction $5,916
    Other construction, all land development and other land $14,659
    Loans secured by nonfarm nonresidential properties $44,789
    Nonfarm nonresidential secured by owner-occupied properties $30,361
    Commercial real estate & other non-farm, non-residential $14,428
    Multifamily residential real estate $9,546
    1-4 family residential loans $106,299
    Farmland loans $8,662
    Loans held in foreign offices $0
    Farm loans $336
    Commercial and industrial loans $16,492
    To non-U.S. addressees $0
    Loans to individuals $10,346
    Credit card loans $0
    Related Plans $17
    Consumer Auto Loans $5,786
    Other loans to individuals $4,543
    All other loans & leases $2,162
    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 $1,508
    Non 1-4 family restructured loans & leases $755
    Total loans and leases (foreign) $0

    Citizens Bank and Trust Company had $216,779,000 of loans outstanding in 2018. $189,871,000 of loans were in real estate loans. $20,575,000 of loans were in development loans. $9,546,000 of loans were in multifamily mortgage loans. $106,299,000 of loans were in 1-4 family mortgage loans. $336,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,786,000 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 195 $36,826 $188,851
    Nonfarm, nonresidential loans - <$100k 73 $3,290 $45,068
    Nonfarm, nonresidential loans - $100-250k 61 $8,061 $132,148
    Nonfarm, nonresidential loans - $250k-1MM 61 $25,475 $417,623
    Commercial & Industrial, US addressed loans - <$1MM 307 $11,110 $36,189
    Commercial & Industrial, US addressed loans - <$100k 269 $5,890 $21,896
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,337 $107,645
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,883 $269,000
    Farmland loans - <$1MM 65 $8,561 $131,708
    Farmland loans - <$100k 38 $1,353 $35,605
    Farmland loans - $100-250k 15 $2,017 $134,467
    Farmland loans - $250k-1MM 12 $5,191 $432,583
    Agriculture operations loans - <$1MM 9 $335 $37,222
    Agriculture operations loans - <$100k 8 $222 $27,750
    Agriculture operations loans - $100-250k 1 $113 $113,000