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, Kill Devil Hills, Myrtle Beach, and Lynchburg among others. We have data for 6 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 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

    136

    Origination Dollar Volume (All Markets)

    $21,480,000

    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) 63 $11,595,000 $184,048 $0 0.00%
    Outside of Metro Areas 67 $8,835,000 $131,866 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 3 $65,000 $21,667 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond, Virginia Beach, Kill Devil Hills, Myrtle Beach, and Lynchburg 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 136 $21,480,000 $157,941 $0 0.00%

    For 2020, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 72 $10,570,000 $146,806 $0 0.00%
    Refi 48 $9,370,000 $195,208 $0 0.00%
    Home Improvement 15 $1,145,000 $76,333 $0 0.00%
    Cash Out Refi 1 $395,000 $395,000 $0 0.00%

    For 2020, Citizens Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $21,480,000 $157,941 $0 0.00%

    For 2020, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $3,040,000 $54,286 $0 0.00%
    $100k-200k 44 $6,200,000 $140,909 $0 0.00%
    $200k-400k 28 $7,990,000 $285,357 $0 0.00%
    $400k-600k 5 $2,255,000 $451,000 $0 0.00%
    $600k-1MM 3 $1,995,000 $665,000 $0 0.00%

    2020 saw Citizens Bank And Trust Company place emphasis on $100,000 or less loans with 56 originations, totaling $3,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $2,230,000 $74,333 $0 0.00%
    $50k-75k 23 $2,675,000 $116,304 $0 0.00%
    $100k-150k 17 $3,995,000 $235,000 $0 0.00%
    $75k-100k 11 $985,000 $89,545 $0 0.00%
    $150k-250k 5 $1,485,000 $297,000 $0 0.00%
    $250k+ 2 $410,000 $205,000 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $21,480,000 $157,941 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $10,185,000 $139,521 $0 0.00%
    Not applicable 46 $9,320,000 $202,609 $0 0.00%
    Black 16 $1,910,000 $119,375 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.52%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.97%

    Citizens Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $21,480,000 $157,941

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,755,000 $393,571
    Single Family (1-4 Units):Manufactured 25 $2,895,000 $115,800
    Single Family (1-4 Units):Site-Built 104 $15,830,000 $152,212

    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 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 $22,883
    Citizens Bank and Trust Company 12101 Olivers Way Chester, VA 23831 Full Service B&M $13,273
    Citizens Bank and Trust Company 126 South Main Street Blackstone, VA 23824 Full Service B&M $125,224
    Citizens Bank and Trust Company 1517 West Third Street Farmville, VA 23901 Full Service B&M $26,916
    Citizens Bank and Trust Company 1575 South Main Street Blackstone, VA 23824 Full Service B&M $14,936
    Citizens Bank and Trust Company 1712 South Main Street Farmville, VA 23901 Full Service B&M $38,665
    Citizens Bank and Trust Company 210 Carter Street Crewe, VA 23930 Full Service B&M $36,880
    Citizens Bank and Trust Company 2501 Anderson Highway Powhatan, VA 23139 Full Service B&M $7,060
    Citizens Bank and Trust Company 497 Southpark Circle Colonial Heights, VA 23834 Full Service B&M $17,933
    Citizens Bank and Trust Company 622 E. Atlantic Street South Hill, VA 23970 Full Service B&M $15,655
    Citizens Bank and Trust Company 9060 North Five Forks Road Amelia Court House, VA 23002 Full Service B&M $66,122

    For 2020, Citizens Bank And Trust Company had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,512
    Net interest income $13,888
    Total noninterest income $3,534
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $565
    Trading account gains and fees $0
    Additional Noninterest Income $2,969
    Pre-tax net operating income $6,694
    Securities gains (or losses, -) $31
    Income before extraordinary items $5,477
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,477
    Minority interest net income $0
    Net income $5,477
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,451

    Citizens Bank And Trust Company's gross interest income from loans was $15,512,000.
    Citizens Bank And Trust Company's net interest income from loans was $13,888,000.
    Citizens Bank And Trust Company's fee based income from loans was $565,000.
    Citizens Bank And Trust Company's net income from loans was $5,477,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,624
    Provision for credit losses $400
    Total noninterest expense $10,328
    Salaries and employee benefits $5,937
    Premises and equipment expense $1,259
    Additional noninterest expense $3,132
    Applicable income taxes $1,248
    Net charge-offs $-2
    Cash dividends $2,925

    Citizens Bank And Trust Company's interest expense for loans was $1,624,000.
    Citizens Bank And Trust Company's payroll and benefits expense were $5,937,000.
    Citizens Bank And Trust Company's property, plant and equipment expenses $1,259,000.

    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 $419,830
    Deposits held in domestic offices $419,830
    Deposits by Individuals, partnerships, and corporations $370,664
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $49,166
    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 $33,733
    Demand deposits $16,786
    Nontransaction accounts $386,097
    Money market deposit accounts (MMDAs) $71,264
    Other savings deposits (excluding MMDAs) $217,931
    Total time deposits $96,902
    Total time and savings deposits $403,044
    Noninterest-bearing deposits $100,404
    Interest-bearing deposits $319,426
    Retail deposits $387,105
    IRAs and Keogh plan accounts $16,994
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $492,862
    Cash & Balances due from depository institutions $14,545
    Interest-bearing balances $7,151
    Total securities $175,938
    Federal funds sold & reverse repurchase $42,336
    Net loans and leases $231,845
    Loan and leases loss allowance $2,996
    Trading account assets $0
    Bank premises and fixed assets $8,953
    Other real estate owned $2,964
    Goodwill and other intangibles $0
    All other assets $16,281

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $492,862
    Total Liabilities $434,954
    Total deposits $419,830
    Interest-bearing deposits $319,426
    Deposits held in domestic offices $419,830
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $11,894
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,230

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $231,845
    Loan and leases loss allowance $2,996
    Total loans and leases (domestic) $234,841
    All real estate loans $192,870
    Real estate loans in domestic offices $192,870
    Construction and development loans $25,475
    Residential 1-4 family construction $10,406
    Other construction, all land development and other land $15,069
    Loans secured by nonfarm nonresidential properties $41,806
    Nonfarm nonresidential secured by owner-occupied properties $26,977
    Commercial real estate & other non-farm, non-residential $14,829
    Multifamily residential real estate $5,269
    1-4 family residential loans $109,004
    Farmland loans $11,316
    Loans held in foreign offices $0
    Farm loans $405
    Commercial and industrial loans $30,072
    To non-U.S. addressees $0
    Loans to individuals $11,479
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $7,631
    Other loans to individuals $3,840
    All other loans & leases $15
    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 $1,613
    Non 1-4 family restructured loans & leases $265
    Total loans and leases (foreign) $0

    Citizens Bank and Trust Company had $231,845,000 of loans outstanding in 2020. $192,870,000 of loans were in real estate loans. $25,475,000 of loans were in development loans. $5,269,000 of loans were in multifamily mortgage loans. $109,004,000 of loans were in 1-4 family mortgage loans. $405,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,631,000 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 200 $31,358 $156,790
    Nonfarm, nonresidential loans - <$100k 74 $2,961 $40,014
    Nonfarm, nonresidential loans - $100-250k 77 $9,999 $129,857
    Nonfarm, nonresidential loans - $250k-1MM 49 $18,398 $375,469
    Commercial & Industrial, US addressed loans - <$1MM 591 $27,446 $46,440
    Commercial & Industrial, US addressed loans - <$100k 518 $11,782 $22,745
    Commercial & Industrial, US addressed loans - $100-250k 50 $6,599 $131,980
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $9,065 $394,130
    Farmland loans - <$1MM 84 $7,961 $94,774
    Farmland loans - <$100k 48 $1,621 $33,771
    Farmland loans - $100-250k 25 $2,900 $116,000
    Farmland loans - $250k-1MM 11 $3,440 $312,727
    Agriculture operations loans - <$1MM 14 $405 $28,929
    Agriculture operations loans - <$100k 11 $209 $19,000
    Agriculture operations loans - $100-250k 3 $196 $65,333