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, Washington, Raleigh, and Danville among others. We have data for 7 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

    118

    Origination Dollar Volume (All Markets)

    $20,040,000

    Employee count

    81

    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) 55 $11,715,000 $213,000 $0 0.00%
    Outside of Metro Areas 57 $7,165,000 $125,702 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Danville, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $20,000 $10,000 $0 0.00%
    Citizens Bank And Trust Company's top markets include Richmond, Kill Devil Hills, Washington, Raleigh, 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 118 $20,040,000 $169,831 $0 0.00%

    For 2021, Citizens Bank And Trust Company's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 72 $13,410,000 $186,250 $0 0.00%
    Refi 37 $6,125,000 $165,541 $0 0.00%
    Home Improvement 9 $505,000 $56,111 $0 0.00%

    For 2021, 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 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $20,040,000 $169,831 $0 0.00%

    For 2021, Citizens Bank And Trust Company's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $6,825,000 $133,824 $0 0.00%
    $100,000 or less 41 $2,385,000 $58,171 $0 0.00%
    $200k-400k 17 $4,685,000 $275,588 $0 0.00%
    $400k-600k 6 $3,200,000 $533,333 $0 0.00%
    $600k-1MM 2 $1,570,000 $785,000 $0 0.00%
    $1MM+ 1 $1,375,000 $1,375,000 $0 0.00%

    2021 saw Citizens Bank And Trust Company place emphasis on $100k-200k loans with 51 originations, totaling $6,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $2,995,000 $110,926 $0 0.00%
    $50k-75k 18 $1,940,000 $107,778 $0 0.00%
    $150k-250k 10 $2,000,000 $200,000 $0 0.00%
    $75k-100k 10 $1,580,000 $158,000 $0 0.00%
    $100k-150k 8 $1,830,000 $228,750 $0 0.00%
    $250k+ 3 $255,000 $85,000 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $20,040,000 $169,831 $0 0.00%

    Citizens Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 41 $9,335,000 $227,683 $0 0.00%
    White 53 $7,285,000 $137,453 $0 0.00%
    Black 22 $2,730,000 $124,091 $0 0.00%
    Asian 2 $690,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.67%

    Citizens Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.53%

    Citizens Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $20,040,000 $169,831

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    118 $20,040,000 $169,831

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 54 15.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 22 6.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 6 1.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 116 33.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 15 4.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 19 5.5%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Incorrect information on your report 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Incorrect information on your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 13 3.7%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 3 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 $24,864
    Citizens Bank and Trust Company 12101 Olivers Way Chester, VA 23831 Full Service B&M $15,574
    Citizens Bank and Trust Company 126 South Main Street Blackstone, VA 23824 Full Service B&M $147,679
    Citizens Bank and Trust Company 1517 West Third Street Farmville, VA 23901 Full Service B&M $25,302
    Citizens Bank and Trust Company 1575 South Main Street Blackstone, VA 23824 Full Service B&M $16,854
    Citizens Bank and Trust Company 1712 South Main Street Farmville, VA 23901 Full Service B&M $44,678
    Citizens Bank and Trust Company 210 Carter Street Crewe, VA 23930 Full Service B&M $43,465
    Citizens Bank and Trust Company 2501 Anderson Highway Powhatan, VA 23139 Full Service B&M $13,451
    Citizens Bank and Trust Company 497 Southpark Circle Colonial Heights, VA 23834 Full Service B&M $23,685
    Citizens Bank and Trust Company 622 E. Atlantic Street South Hill, VA 23970 Full Service B&M $16,158
    Citizens Bank and Trust Company 9060 North Five Forks Road Amelia Court House, VA 23002 Full Service B&M $90,160

    For 2021, Citizens Bank And Trust Company had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,255
    Net interest income $14,024
    Total noninterest income $3,992
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $593
    Trading account gains and fees $0
    Additional Noninterest Income $3,399
    Pre-tax net operating income $7,598
    Securities gains (or losses, -) $-5
    Income before extraordinary items $6,128
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,128
    Minority interest net income $0
    Net income $6,128
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,132

    Citizens Bank And Trust Company's gross interest income from loans was $15,255,000.
    Citizens Bank And Trust Company's net interest income from loans was $14,024,000.
    Citizens Bank And Trust Company's fee based income from loans was $593,000.
    Citizens Bank And Trust Company's net income from loans was $6,128,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,231
    Provision for credit losses $-265
    Total noninterest expense $10,683
    Salaries and employee benefits $6,351
    Premises and equipment expense $1,285
    Additional noninterest expense $3,047
    Applicable income taxes $1,465
    Net charge-offs $-30
    Cash dividends $2,800

    Citizens Bank And Trust Company's interest expense for loans was $1,231,000.
    Citizens Bank And Trust Company's payroll and benefits expense were $6,351,000.
    Citizens Bank And Trust Company's property, plant and equipment expenses $1,285,000.

    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 $496,401
    Deposits held in domestic offices $496,401
    Deposits by Individuals, partnerships, and corporations $436,297
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,104
    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 $40,533
    Demand deposits $18,109
    Nontransaction accounts $455,868
    Money market deposit accounts (MMDAs) $89,946
    Other savings deposits (excluding MMDAs) $270,364
    Total time deposits $95,558
    Total time and savings deposits $478,292
    Noninterest-bearing deposits $121,948
    Interest-bearing deposits $374,453
    Retail deposits $464,411
    IRAs and Keogh plan accounts $16,395
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $566,719
    Cash & Balances due from depository institutions $10,385
    Interest-bearing balances $1,537
    Total securities $246,498
    Federal funds sold & reverse repurchase $72,376
    Net loans and leases $210,002
    Loan and leases loss allowance $2,761
    Trading account assets $0
    Bank premises and fixed assets $8,537
    Other real estate owned $2,103
    Goodwill and other intangibles $0
    All other assets $16,818

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $566,719
    Total Liabilities $507,024
    Total deposits $496,401
    Interest-bearing deposits $374,453
    Deposits held in domestic offices $496,401
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $7,547
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,076

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $210,002
    Loan and leases loss allowance $2,761
    Total loans and leases (domestic) $212,763
    All real estate loans $185,665
    Real estate loans in domestic offices $185,665
    Construction and development loans $25,200
    Residential 1-4 family construction $8,523
    Other construction, all land development and other land $16,677
    Loans secured by nonfarm nonresidential properties $44,174
    Nonfarm nonresidential secured by owner-occupied properties $28,352
    Commercial real estate & other non-farm, non-residential $15,822
    Multifamily residential real estate $6,232
    1-4 family residential loans $99,115
    Farmland loans $10,944
    Loans held in foreign offices $0
    Farm loans $312
    Commercial and industrial loans $15,197
    To non-U.S. addressees $0
    Loans to individuals $10,969
    Credit card loans $0
    Related Plans $93
    Consumer Auto Loans $7,443
    Other loans to individuals $3,433
    All other loans & leases $620
    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 $1,343
    Non 1-4 family restructured loans & leases $89
    Total loans and leases (foreign) $0

    Citizens Bank and Trust Company had $210,002,000 of loans outstanding in 2021. $185,665,000 of loans were in real estate loans. $25,200,000 of loans were in development loans. $6,232,000 of loans were in multifamily mortgage loans. $99,115,000 of loans were in 1-4 family mortgage loans. $312,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,443,000 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 197 $31,491 $159,853
    Nonfarm, nonresidential loans - <$100k 68 $2,840 $41,765
    Nonfarm, nonresidential loans - $100-250k 76 $9,547 $125,618
    Nonfarm, nonresidential loans - $250k-1MM 53 $19,104 $360,453
    Commercial & Industrial, US addressed loans - <$1MM 378 $13,207 $34,939
    Commercial & Industrial, US addressed loans - <$100k 329 $6,257 $19,018
    Commercial & Industrial, US addressed loans - $100-250k 39 $4,047 $103,769
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,903 $290,300
    Farmland loans - <$1MM 74 $7,564 $102,216
    Farmland loans - <$100k 38 $1,287 $33,868
    Farmland loans - $100-250k 24 $2,831 $117,958
    Farmland loans - $250k-1MM 12 $3,446 $287,167
    Agriculture operations loans - <$1MM 14 $312 $22,286
    Agriculture operations loans - <$100k 12 $152 $12,667
    Agriculture operations loans - $100-250k 2 $160 $80,000