Citizens Bank & Trust Company Of Vivian Louisiana Mortgage Rates, Fees & Info

Vivian, LA

LEI: 549300B8JQ9XD5FQQH32

Tax ID: 72-0643580

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Mortgage Data

Bank Data

Review & Overview

Citizens Bank & Trust Company Of Vivian Louisiana is a smaller bank specializing in Home Purchase loans. Citizens Bank & Trust Company Of Vivian Louisiana has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Shreveport, Ruston, Longview, Minden, and Lake Charles among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens Bank & Trust Company Of Vivian Louisiana 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.

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Originations

307

Origination Dollar Volume (All Markets)

$45,415,000

Employee count

57

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
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 261 $37,455,000 $143,506 $0 5.69%
Outside of Metro Areas 13 $2,355,000 $181,154 $0 0.00%
Ruston, LA (FHA|USDA|VA) 8 $1,400,000 $175,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
Minden, LA (FHA|USDA|VA) 5 $565,000 $113,000 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
ALEXANDRIA, LA (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Natchitoches, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
MONROE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
BATON ROUGE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Picayune, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Citizens Bank & Trust Company Of Vivian Louisiana's top markets include Shreveport, Ruston, Longview, Minden, and Lake Charles among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 188 $25,560,000 $135,957 $0 0.00%
    FHA 65 $10,685,000 $164,385 $0 0.00%
    VA 34 $6,870,000 $202,059 $0 0.00%
    USDA 16 $2,070,000 $129,375 $0 0.00%
    HELOC 4 $230,000 $57,500 n/a 5.69%

    For 2019, Citizens Bank & Trust Company Of Vivian Louisiana's most frequently originated type of loan was Conventional, with 188 originations. Their 2nd most popular type was FHA, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 199 $32,815,000 $164,899 $0 6.00%
    Refi 62 $7,720,000 $124,516 $0 5.25%
    Cash Out Refi 36 $4,600,000 $127,778 $0 0.00%
    Home Improvement 6 $210,000 $35,000 $0 5.50%
    Other 4 $70,000 $17,500 $0 0.00%

    For 2019, Citizens Bank & Trust Company Of Vivian Louisiana's most frequently cited loan purpose was Home Purchase, with 199 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 303 $45,185,000 $149,125 $0 0.00%
    1 Year 4 $230,000 $57,500 $0 5.69%

    For 2019, Citizens Bank & Trust Company Of Vivian Louisiana's most frequently cited loan duration was Other, with 303 originations. The 2nd most popular length was 1 Year, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 4 $230,000 $57,500

    During 2019, Citizens Bank & Trust Company Of Vivian Louisiana's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 119 $17,745,000 $149,118 $0 0.00%
    $100,000 or less 117 $6,645,000 $56,795 $0 5.69%
    $200k-400k 65 $17,085,000 $262,846 $0 0.00%
    $400k-600k 5 $2,195,000 $439,000 $0 0.00%
    $1MM+ 1 $1,745,000 $1,745,000 $0 0.00%

    2019 saw Citizens Bank & Trust Company Of Vivian Louisiana place emphasis on $100k-200k loans with 119 originations, totaling $17,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 86 $8,320,000 $96,744 $0 5.50%
    $50k-75k 73 $10,745,000 $147,192 $0 0.00%
    $75k-100k 59 $10,175,000 $172,458 $0 0.00%
    $100k-150k 41 $7,475,000 $182,317 $0 0.00%
    $150k-250k 19 $4,165,000 $219,211 $0 0.00%
    $250k+ 3 $665,000 $221,667 $0 0.00%

    Citizens Bank & Trust Company Of Vivian Louisiana lent most frequently to those with incomes in the $50k or less range, with 86 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 303 $45,185,000 $149,125 $0 0.00%

    Citizens Bank & Trust Company Of Vivian Louisiana lent most frequently to those with DTI ratios of Exempt%, with 303 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 230 $33,790,000 $146,913 $0 5.50%
    Black 52 $7,840,000 $150,769 $0 0.00%
    Not applicable 21 $3,305,000 $157,381 $0 5.75%
    Asian 2 $380,000 $190,000 $0 0.00%
    Not provided 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.77%

    Citizens Bank & Trust Company Of Vivian Louisiana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.25%

    Citizens Bank & Trust Company Of Vivian Louisiana has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 303 $45,185,000 $149,125
    NA 4 $230,000 $57,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,295,000 $459,000
    Single Family (1-4 Units):Manufactured 60 $5,030,000 $83,833
    Single Family (1-4 Units):Site-Built 242 $38,090,000 $157,397

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $5,000 $5,000 $0 5.50%
    40-60% 2 $140,000 $70,000 $0 5.63%
    60-80% 1 $85,000 $85,000 $0 6.00%

    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 & Trust Company of Vivian, Louisiana 110 Highway One North Oil City, LA 71061 Full Service B&M $4,879
    Citizens Bank & Trust Company of Vivian, Louisiana 120 West Arkansas Avenue Vivian, LA 71082 Full Service B&M $70,835
    Citizens Bank & Trust Company of Vivian, Louisiana 5755 North Market Shreveport, LA 71107 Full Service B&M $32,409
    Citizens Bank & Trust Company of Vivian, Louisiana 6330 Youree Drive Shreveport, LA 71105 Full Service B&M $12,152

    For 2019, Citizens Bank & Trust Company Of Vivian Louisiana had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,025
    Net interest income $4,973
    Total noninterest income $2,364
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $367
    Trading account gains and fees $0
    Additional Noninterest Income $1,997
    Pre-tax net operating income $824
    Securities gains (or losses, -) $252
    Income before extraordinary items $1,076
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,076
    Minority interest net income $0
    Net income $1,076
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $824

    Citizens Bank & Trust Company Of Vivian Louisiana's gross interest income from loans was $6,025,000.
    Citizens Bank & Trust Company Of Vivian Louisiana's net interest income from loans was $4,973,000.
    Citizens Bank & Trust Company Of Vivian Louisiana's fee based income from loans was $367,000.
    Citizens Bank & Trust Company Of Vivian Louisiana's net income from loans was $1,076,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,052
    Provision for credit losses $200
    Total noninterest expense $6,313
    Salaries and employee benefits $3,685
    Premises and equipment expense $653
    Additional noninterest expense $1,975
    Applicable income taxes $0
    Net charge-offs $119
    Cash dividends $688

    Citizens Bank & Trust Company Of Vivian Louisiana's interest expense for loans was $1,052,000.
    Citizens Bank & Trust Company Of Vivian Louisiana's payroll and benefits expense were $3,685,000.
    Citizens Bank & Trust Company Of Vivian Louisiana's property, plant and equipment expenses $653,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 18.0%
    All other family 4.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 2.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $119,117
    Deposits held in domestic offices $119,117
    Deposits by Individuals, partnerships, and corporations $105,893
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,224
    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 $49,947
    Demand deposits $44,670
    Nontransaction accounts $69,170
    Money market deposit accounts (MMDAs) $34,075
    Other savings deposits (excluding MMDAs) $7,545
    Total time deposits $27,550
    Total time and savings deposits $74,447
    Noninterest-bearing deposits $29,006
    Interest-bearing deposits $90,111
    Retail deposits $113,286
    IRAs and Keogh plan accounts $3,138
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $138,624
    Cash & Balances due from depository institutions $6,420
    Interest-bearing balances $2,627
    Total securities $42,949
    Federal funds sold & reverse repurchase $8,175
    Net loans and leases $71,842
    Loan and leases loss allowance $501
    Trading account assets $0
    Bank premises and fixed assets $3,575
    Other real estate owned $664
    Goodwill and other intangibles $780
    All other assets $4,219

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $138,624
    Total Liabilities $120,084
    Total deposits $119,117
    Interest-bearing deposits $90,111
    Deposits held in domestic offices $119,117
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $832
    Subordinated debt $0
    All other liabilities $135

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $71,842
    Loan and leases loss allowance $501
    Total loans and leases (domestic) $72,343
    All real estate loans $58,220
    Real estate loans in domestic offices $58,220
    Construction and development loans $8,581
    Residential 1-4 family construction $4,250
    Other construction, all land development and other land $4,331
    Loans secured by nonfarm nonresidential properties $17,962
    Nonfarm nonresidential secured by owner-occupied properties $13,941
    Commercial real estate & other non-farm, non-residential $4,021
    Multifamily residential real estate $327
    1-4 family residential loans $31,350
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,570
    To non-U.S. addressees $0
    Loans to individuals $3,584
    Credit card loans $0
    Related Plans $320
    Consumer Auto Loans $702
    Other loans to individuals $2,562
    All other loans & leases $3,988
    Loans to foreign governments and official institutions $0
    Other loans $19
    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 $1,071
    Non 1-4 family restructured loans & leases $330
    Total loans and leases (foreign) $0

    Citizens Bank & Trust Company of Vivian Louisiana had $71,842,000 of loans outstanding in 2019. $58,220,000 of loans were in real estate loans. $8,581,000 of loans were in development loans. $327,000 of loans were in multifamily mortgage loans. $31,350,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $702,000 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 49 $6,686 $136,449
    Nonfarm, nonresidential loans - <$100k 21 $924 $44,000
    Nonfarm, nonresidential loans - $100-250k 21 $2,480 $118,095
    Nonfarm, nonresidential loans - $250k-1MM 7 $3,282 $468,857
    Commercial & Industrial, US addressed loans - <$1MM 126 $6,570 $52,143
    Commercial & Industrial, US addressed loans - <$100k 97 $1,423 $14,670
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,656 $87,158
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $3,491 $349,100