Citizens Deposit Bank & Trust Mortgage Rates, Fees & Info

Vanceburg, KY

LEI: 549300BDG3JYX3L37670

Tax ID: 61-1223567

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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 Deposit Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Citizens Deposit Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Huntington, Maysville, Portsmouth, and Deltona among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Deposit Bank & Trust 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

    125

    Origination Dollar Volume (All Markets)

    $17,625,000

    Employee count

    99

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 23 $9,215,000 $400,652 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 36 $3,880,000 $107,778 $0 0.00%
    Outside of Metro Areas 51 $2,935,000 $57,549 $0 0.00%
    Maysville, KY (FHA|USDA|VA) 8 $1,080,000 $135,000 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 4 $190,000 $47,500 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Citizens Deposit Bank & Trust's top markets include Cincinnati, Huntington, Maysville, Portsmouth, and Deltona among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $17,625,000 $141,000 $0 0.00%

    For 2018, Citizens Deposit Bank & Trust's most frequently originated type of loan was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $10,760,000 $173,548 $0 0.00%
    Refi 45 $5,335,000 $118,556 $0 0.00%
    Home Improvement 9 $1,165,000 $129,444 $0 0.00%
    NA 6 $170,000 $28,333 $0 0.00%
    Other 3 $195,000 $65,000 $0 0.00%

    For 2018, Citizens Deposit Bank & Trust's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 125 $17,625,000 $141,000 $0 0.00%

    For 2018, Citizens Deposit Bank & Trust's most frequently cited loan duration was Other, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $4,245,000 $48,793 $0 0.00%
    $100k-200k 20 $2,650,000 $132,500 $0 0.00%
    $200k-400k 13 $3,555,000 $273,462 $0 0.00%
    $1MM+ 3 $5,645,000 $1,881,667 $0 0.00%
    $600k-1MM 2 $1,530,000 $765,000 $0 0.00%

    2018 saw Citizens Deposit Bank & Trust place emphasis on $100,000 or less loans with 87 originations, totaling $4,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $2,470,000 $56,136 $0 0.00%
    $50k-75k 29 $1,975,000 $68,103 $0 0.00%
    $75k-100k 16 $1,150,000 $71,875 $0 0.00%
    $100k-150k 12 $1,240,000 $103,333 $0 0.00%
    $150k-250k 4 $720,000 $180,000 $0 0.00%
    $250k+ 1 $855,000 $855,000 $0 0.00%

    Citizens Deposit Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 125 $17,625,000 $141,000 $0 0.00%

    Citizens Deposit Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $8,780,000 $82,830 $0 0.00%
    Not applicable 17 $8,755,000 $515,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%
    Not provided 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.43%

    Citizens Deposit Bank & Trust 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
    92.00%

    Citizens Deposit Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 125 $17,625,000 $141,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $8,165,000 $742,273
    Single Family (1-4 Units):Manufactured 20 $1,070,000 $53,500
    Single Family (1-4 Units):Site-Built 94 $8,390,000 $89,255

    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 Deposit Bank & Trust 104 East Main Street Ripley, OH 45167 Full Service B&M $27,630
    Citizens Deposit Bank & Trust 111 Powell Street Brooksville, KY 41004 Full Service B&M $16,141
    Citizens Deposit Bank & Trust 1201 Us Hwy 68 Maysville, KY 41056 Full Service B&M $60,218
    Citizens Deposit Bank & Trust 17 West Walnut Street Mount Olivet, KY 41064 Full Service B&M $17,790
    Citizens Deposit Bank & Trust 221 Railroad Street Ironton, OH 45638 Full Service B&M $60,420
    Citizens Deposit Bank & Trust 2600 5th Avenue Huntington, WV 25702 Full Service B&M $3,587
    Citizens Deposit Bank & Trust 2954 West Ky 10 Tollesboro, KY 41189 Full Service B&M $15,205
    Citizens Deposit Bank & Trust 3425 Valley Plaza Fort Wright, KY 41011 Full Service B&M $28,138
    Citizens Deposit Bank & Trust 5230 S Main St Eminence, KY 40019 Full Service B&M $44,725
    Citizens Deposit Bank & Trust 67 Commercial Drive Vanceburg, KY 41179 Full Service B&M $8,522
    Citizens Deposit Bank & Trust 7604 County Road 107 Unit A Proctorville, OH 45669 Full Service B&M $11,101
    Citizens Deposit Bank & Trust 8545 Us 42 Florence, KY 41042 Full Service B&M $14,716
    Citizens Deposit Bank & Trust 9234 East Ky 8 Garrison, KY 41141 Full Service B&M $12,105
    Citizens Deposit Bank & Trust Second & Main Street Vanceburg, KY 41179 Full Service B&M $54,848

    For 2018, Citizens Deposit Bank & Trust had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,227
    Net interest income $15,615
    Total noninterest income $3,060
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,658
    Trading account gains and fees $0
    Additional Noninterest Income $1,402
    Pre-tax net operating income $7,140
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,646
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,646
    Minority interest net income $0
    Net income $5,646
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,646

    Citizens Deposit Bank & Trust's gross interest income from loans was $17,227,000.
    Citizens Deposit Bank & Trust's net interest income from loans was $15,615,000.
    Citizens Deposit Bank & Trust's fee based income from loans was $1,658,000.
    Citizens Deposit Bank & Trust's net income from loans was $5,646,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,612
    Provision for credit losses $525
    Total noninterest expense $11,010
    Salaries and employee benefits $4,789
    Premises and equipment expense $1,301
    Additional noninterest expense $4,920
    Applicable income taxes $1,494
    Net charge-offs $259
    Cash dividends $4,815

    Citizens Deposit Bank & Trust's interest expense for loans was $1,612,000.
    Citizens Deposit Bank & Trust's payroll and benefits expense were $4,789,000.
    Citizens Deposit Bank & Trust's property, plant and equipment expenses $1,301,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $388,961
    Deposits held in domestic offices $388,961
    Deposits by Individuals, partnerships, and corporations $326,253
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $62,699
    Deposits by Commercial banks and other depository institutions in U.S. $9
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $3,144
    Demand deposits $2,741
    Nontransaction accounts $385,817
    Money market deposit accounts (MMDAs) $199,335
    Other savings deposits (excluding MMDAs) $60,163
    Total time deposits $126,319
    Total time and savings deposits $386,220
    Noninterest-bearing deposits $94,080
    Interest-bearing deposits $294,881
    Retail deposits $358,429
    IRAs and Keogh plan accounts $15,238
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $444,842
    Cash & Balances due from depository institutions $9,309
    Interest-bearing balances $2,637
    Total securities $135,419
    Federal funds sold & reverse repurchase $4,272
    Net loans and leases $275,172
    Loan and leases loss allowance $2,864
    Trading account assets $0
    Bank premises and fixed assets $7,442
    Other real estate owned $4,078
    Goodwill and other intangibles $4,567
    All other assets $4,583

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $444,842
    Total Liabilities $403,132
    Total deposits $388,961
    Interest-bearing deposits $294,881
    Deposits held in domestic offices $388,961
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $13,022
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,149

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $275,172
    Loan and leases loss allowance $2,864
    Total loans and leases (domestic) $278,036
    All real estate loans $252,641
    Real estate loans in domestic offices $252,641
    Construction and development loans $20,591
    Residential 1-4 family construction $2,289
    Other construction, all land development and other land $18,302
    Loans secured by nonfarm nonresidential properties $95,285
    Nonfarm nonresidential secured by owner-occupied properties $13,713
    Commercial real estate & other non-farm, non-residential $81,572
    Multifamily residential real estate $19,764
    1-4 family residential loans $102,942
    Farmland loans $14,059
    Loans held in foreign offices $0
    Farm loans $2,207
    Commercial and industrial loans $10,571
    To non-U.S. addressees $0
    Loans to individuals $10,564
    Credit card loans $28
    Related Plans $189
    Consumer Auto Loans $4,536
    Other loans to individuals $5,811
    All other loans & leases $2,053
    Loans to foreign governments and official institutions $0
    Other loans $55
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Citizens Deposit Bank & Trust had $275,172,000 of loans outstanding in 2018. $252,641,000 of loans were in real estate loans. $20,591,000 of loans were in development loans. $19,764,000 of loans were in multifamily mortgage loans. $102,942,000 of loans were in 1-4 family mortgage loans. $2,207,000 of loans were in farm loans. $28,000 of loans were in credit card loans. $4,536,000 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 165 $28,346 $171,794
    Nonfarm, nonresidential loans - <$100k 68 $2,484 $36,529
    Nonfarm, nonresidential loans - $100-250k 41 $4,650 $113,415
    Nonfarm, nonresidential loans - $250k-1MM 56 $21,212 $378,786
    Commercial & Industrial, US addressed loans - <$1MM 336 $9,464 $28,167
    Commercial & Industrial, US addressed loans - <$100k 304 $4,818 $15,849
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,515 $114,318
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,131 $213,100
    Farmland loans - <$1MM 124 $9,714 $78,339
    Farmland loans - <$100k 73 $2,522 $34,548
    Farmland loans - $100-250k 41 $4,847 $118,220
    Farmland loans - $250k-1MM 10 $2,345 $234,500
    Agriculture operations loans - <$1MM 128 $2,207 $17,242
    Agriculture operations loans - <$100k 121 $1,445 $11,942
    Agriculture operations loans - $100-250k 7 $762 $108,857