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, Virginia Beach, Rocky Mount, and Danville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank And Trust Company has an average approval rate when compared to the average across all lenders. They have an 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

    172

    Origination Dollar Volume (All Markets)

    $26,500,000

    Employee count

    88

    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) 83 $15,375,000 $185,241 $0 0.00%
    Outside of Metro Areas 85 $10,395,000 $122,294 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Danville, VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond, Virginia Beach, Rocky Mount, and Danville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $26,500,000 $154,070 $0 0.00%

    For 2019, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $16,980,000 $173,265 $0 0.00%
    Refi 56 $8,300,000 $148,214 $0 0.00%
    Home Improvement 17 $1,195,000 $70,294 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Citizens Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 172 $26,500,000 $154,070 $0 0.00%

    For 2019, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,695,000 $56,566 $0 0.00%
    $100k-200k 40 $5,540,000 $138,500 $0 0.00%
    $200k-400k 37 $9,985,000 $269,865 $0 0.00%
    $400k-600k 10 $4,710,000 $471,000 $0 0.00%
    $600k-1MM 2 $1,570,000 $785,000 $0 0.00%

    2019 saw Citizens Bank And Trust Company place emphasis on $100,000 or less loans with 83 originations, totaling $4,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $3,235,000 $78,902 $0 0.00%
    $100k-150k 23 $4,165,000 $181,087 $0 0.00%
    $50k-75k 23 $2,505,000 $108,913 $0 0.00%
    $75k-100k 20 $3,160,000 $158,000 $0 0.00%
    $150k-250k 10 $2,320,000 $232,000 $0 0.00%
    $250k+ 4 $1,860,000 $465,000 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 172 $26,500,000 $154,070 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $15,775,000 $153,155 $0 0.00%
    Not applicable 47 $8,495,000 $180,745 $0 0.00%
    Black 19 $1,945,000 $102,368 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%
    Other Asian 1 $75,000 $75,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.05%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.28%

    Citizens Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 172 $26,500,000 $154,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $635,000 $211,667
    Single Family (1-4 Units):Manufactured 18 $1,090,000 $60,556
    Single Family (1-4 Units):Site-Built 151 $24,775,000 $164,073

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    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 $22,694
    Citizens Bank and Trust Company 12101 Olivers Way Chester, VA 23831 Full Service B&M $10,819
    Citizens Bank and Trust Company 126 South Main Street Blackstone, VA 23824 Full Service B&M $112,020
    Citizens Bank and Trust Company 1517 West Third Street Farmville, VA 23901 Full Service B&M $24,538
    Citizens Bank and Trust Company 1575 South Main Street Blackstone, VA 23824 Full Service B&M $15,171
    Citizens Bank and Trust Company 1712 South Main Street Farmville, VA 23901 Full Service B&M $33,757
    Citizens Bank and Trust Company 210 Carter Street Crewe, VA 23930 Full Service B&M $36,271
    Citizens Bank and Trust Company 497 Southpark Circle Colonial Heights, VA 23834 Full Service B&M $13,236
    Citizens Bank and Trust Company 622 E. Atlantic Street South Hill, VA 23970 Full Service B&M $14,530
    Citizens Bank and Trust Company 9060 North Five Forks Road Amelia Court House, VA 23002 Full Service B&M $53,118

    For 2019, Citizens Bank And Trust Company had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,036
    Net interest income $14,404
    Total noninterest income $3,506
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $830
    Trading account gains and fees $0
    Additional Noninterest Income $2,676
    Pre-tax net operating income $6,681
    Securities gains (or losses, -) $2
    Income before extraordinary items $5,483
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,483
    Minority interest net income $0
    Net income $5,483
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,481

    Citizens Bank And Trust Company's gross interest income from loans was $16,036,000.
    Citizens Bank And Trust Company's net interest income from loans was $14,404,000.
    Citizens Bank And Trust Company's fee based income from loans was $830,000.
    Citizens Bank And Trust Company's net income from loans was $5,483,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,632
    Provision for credit losses $150
    Total noninterest expense $11,079
    Salaries and employee benefits $6,824
    Premises and equipment expense $1,130
    Additional noninterest expense $3,125
    Applicable income taxes $1,200
    Net charge-offs $-16
    Cash dividends $2,275

    Citizens Bank And Trust Company's interest expense for loans was $1,632,000.
    Citizens Bank And Trust Company's payroll and benefits expense were $6,824,000.
    Citizens Bank And Trust Company's property, plant and equipment expenses $1,130,000.

    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 $344,462
    Deposits held in domestic offices $344,462
    Deposits by Individuals, partnerships, and corporations $302,594
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,868
    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 $26,159
    Demand deposits $12,458
    Nontransaction accounts $318,303
    Money market deposit accounts (MMDAs) $57,508
    Other savings deposits (excluding MMDAs) $167,271
    Total time deposits $93,524
    Total time and savings deposits $332,004
    Noninterest-bearing deposits $68,159
    Interest-bearing deposits $276,303
    Retail deposits $315,404
    IRAs and Keogh plan accounts $16,781
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $411,643
    Cash & Balances due from depository institutions $6,995
    Interest-bearing balances $401
    Total securities $114,856
    Federal funds sold & reverse repurchase $34,256
    Net loans and leases $226,890
    Loan and leases loss allowance $2,594
    Trading account assets $0
    Bank premises and fixed assets $9,314
    Other real estate owned $3,483
    Goodwill and other intangibles $0
    All other assets $15,849

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $411,643
    Total Liabilities $357,218
    Total deposits $344,462
    Interest-bearing deposits $276,303
    Deposits held in domestic offices $344,462
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $9,884
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,872

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $226,890
    Loan and leases loss allowance $2,594
    Total loans and leases (domestic) $229,484
    All real estate loans $198,701
    Real estate loans in domestic offices $198,701
    Construction and development loans $22,441
    Residential 1-4 family construction $8,699
    Other construction, all land development and other land $13,742
    Loans secured by nonfarm nonresidential properties $46,609
    Nonfarm nonresidential secured by owner-occupied properties $28,881
    Commercial real estate & other non-farm, non-residential $17,728
    Multifamily residential real estate $5,667
    1-4 family residential loans $112,318
    Farmland loans $11,666
    Loans held in foreign offices $0
    Farm loans $317
    Commercial and industrial loans $16,977
    To non-U.S. addressees $0
    Loans to individuals $11,331
    Credit card loans $0
    Related Plans $13
    Consumer Auto Loans $6,739
    Other loans to individuals $4,579
    All other loans & leases $2,158
    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 $1,688
    Non 1-4 family restructured loans & leases $299
    Total loans and leases (foreign) $0

    Citizens Bank and Trust Company had $226,890,000 of loans outstanding in 2019. $198,701,000 of loans were in real estate loans. $22,441,000 of loans were in development loans. $5,667,000 of loans were in multifamily mortgage loans. $112,318,000 of loans were in 1-4 family mortgage loans. $317,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,739,000 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 192 $34,950 $182,031
    Nonfarm, nonresidential loans - <$100k 71 $3,229 $45,479
    Nonfarm, nonresidential loans - $100-250k 63 $8,490 $134,762
    Nonfarm, nonresidential loans - $250k-1MM 58 $23,231 $400,534
    Commercial & Industrial, US addressed loans - <$1MM 283 $10,464 $36,975
    Commercial & Industrial, US addressed loans - <$100k 244 $5,083 $20,832
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,593 $108,879
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,788 $298,000
    Farmland loans - <$1MM 76 $7,405 $97,434
    Farmland loans - <$100k 45 $1,515 $33,667
    Farmland loans - $100-250k 23 $3,201 $139,174
    Farmland loans - $250k-1MM 8 $2,689 $336,125
    Agriculture operations loans - <$1MM 11 $317 $28,818
    Agriculture operations loans - <$100k 9 $223 $24,778
    Agriculture operations loans - $100-250k 2 $94 $47,000