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, Louisville, and Portsmouth among others. We have data for 8 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

    142

    Origination Dollar Volume (All Markets)

    $29,130,000

    Employee count

    116

    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) 27 $15,735,000 $582,778 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 47 $8,235,000 $175,213 $0 0.00%
    Outside of Metro Areas 40 $2,900,000 $72,500 $0 0.00%
    Maysville, KY (FHA|USDA|VA) 13 $1,075,000 $82,692 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 8 $610,000 $76,250 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 5 $365,000 $73,000 $0 0.00%
    Danville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Citizens Deposit Bank & Trust's top markets include Cincinnati, Huntington, Maysville, Louisville, and Portsmouth among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 142 $29,130,000 $205,141 $0 0.00%

    For 2019, Citizens Deposit Bank & Trust's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $18,155,000 $270,970 $0 0.00%
    Refi 56 $9,350,000 $166,964 $0 0.00%
    Home Improvement 10 $1,260,000 $126,000 $0 0.00%
    Other 9 $365,000 $40,556 $0 0.00%

    For 2019, Citizens Deposit Bank & Trust's most frequently cited loan purpose was Home Purchase, with 67 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 142 $29,130,000 $205,141 $0 0.00%

    For 2019, Citizens Deposit Bank & Trust's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $4,390,000 $51,047 $0 0.00%
    $100k-200k 27 $3,605,000 $133,519 $0 0.00%
    $200k-400k 14 $3,540,000 $252,857 $0 0.00%
    $400k-600k 8 $3,610,000 $451,250 $0 0.00%
    $600k-1MM 4 $3,220,000 $805,000 $0 0.00%
    $1MM+ 3 $10,765,000 $3,588,333 $0 0.00%

    2019 saw Citizens Deposit Bank & Trust place emphasis on $100,000 or less loans with 86 originations, totaling $4,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $2,380,000 $59,500 $0 0.00%
    $50k-75k 28 $1,850,000 $66,071 $0 0.00%
    $100k-150k 15 $1,895,000 $126,333 $0 0.00%
    $75k-100k 15 $1,215,000 $81,000 $0 0.00%
    $150k-250k 11 $1,975,000 $179,545 $0 0.00%
    $250k+ 6 $2,500,000 $416,667 $0 0.00%

    Citizens Deposit Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 142 $29,130,000 $205,141 $0 0.00%

    Citizens Deposit Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 26 $16,690,000 $641,923 $0 0.00%
    White 115 $12,225,000 $106,304 $0 0.00%
    Black 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.37%

    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
    95.77%

    Citizens Deposit Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $29,130,000 $205,141

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $15,195,000 $1,168,846
    Single Family (1-4 Units):Manufactured 14 $760,000 $54,286
    Single Family (1-4 Units):Site-Built 115 $13,175,000 $114,565

    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 Deposit Bank & Trust 104 East Main Street Ripley, OH 45167 Full Service B&M $26,656
    Citizens Deposit Bank & Trust 111 Powell Street Brooksville, KY 41004 Full Service B&M $17,188
    Citizens Deposit Bank & Trust 1201 Us Hwy 68 Maysville, KY 41056 Full Service B&M $66,373
    Citizens Deposit Bank & Trust 136 Plaza Dr Cold Spring, KY 41076 Full Service B&M $2,816
    Citizens Deposit Bank & Trust 17 West Walnut Street Mount Olivet, KY 41064 Full Service B&M $17,769
    Citizens Deposit Bank & Trust 221 Railroad Street Ironton, OH 45638 Full Service B&M $67,424
    Citizens Deposit Bank & Trust 2600 5th Avenue Huntington, WV 25702 Full Service B&M $13,162
    Citizens Deposit Bank & Trust 2954 West Ky 10 Tollesboro, KY 41189 Full Service B&M $17,046
    Citizens Deposit Bank & Trust 3425 Valley Plaza Fort Wright, KY 41011 Full Service B&M $31,290
    Citizens Deposit Bank & Trust 5230 S Main St Eminence, KY 40019 Full Service B&M $45,634
    Citizens Deposit Bank & Trust 67 Commercial Drive Vanceburg, KY 41179 Full Service B&M $8,377
    Citizens Deposit Bank & Trust 7604 County Road 107 Unit A Proctorville, OH 45669 Full Service B&M $12,399
    Citizens Deposit Bank & Trust 8545 Us 42 Florence, KY 41042 Full Service B&M $20,380
    Citizens Deposit Bank & Trust 9234 East Ky 8 Garrison, KY 41141 Full Service B&M $11,830
    Citizens Deposit Bank & Trust Second & Main Street Vanceburg, KY 41179 Full Service B&M $50,929

    For 2019, Citizens Deposit Bank & Trust had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,535
    Net interest income $16,486
    Total noninterest income $2,734
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,705
    Trading account gains and fees $0
    Additional Noninterest Income $1,029
    Pre-tax net operating income $7,593
    Securities gains (or losses, -) $16
    Income before extraordinary items $6,012
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,012
    Minority interest net income $0
    Net income $6,012
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,999

    Citizens Deposit Bank & Trust's gross interest income from loans was $19,535,000.
    Citizens Deposit Bank & Trust's net interest income from loans was $16,486,000.
    Citizens Deposit Bank & Trust's fee based income from loans was $1,705,000.
    Citizens Deposit Bank & Trust's net income from loans was $6,012,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,049
    Provision for credit losses $-185
    Total noninterest expense $11,812
    Salaries and employee benefits $5,382
    Premises and equipment expense $1,510
    Additional noninterest expense $4,920
    Applicable income taxes $1,597
    Net charge-offs $321
    Cash dividends $1,000

    Citizens Deposit Bank & Trust's interest expense for loans was $3,049,000.
    Citizens Deposit Bank & Trust's payroll and benefits expense were $5,382,000.
    Citizens Deposit Bank & Trust's property, plant and equipment expenses $1,510,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 3.2%
    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 $488,549
    Deposits held in domestic offices $488,549
    Deposits by Individuals, partnerships, and corporations $426,986
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $61,554
    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 $5,111
    Demand deposits $4,558
    Nontransaction accounts $483,438
    Money market deposit accounts (MMDAs) $220,957
    Other savings deposits (excluding MMDAs) $87,622
    Total time deposits $174,859
    Total time and savings deposits $483,991
    Noninterest-bearing deposits $100,989
    Interest-bearing deposits $387,560
    Retail deposits $438,931
    IRAs and Keogh plan accounts $23,510
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $552,890
    Cash & Balances due from depository institutions $14,329
    Interest-bearing balances $7,097
    Total securities $198,113
    Federal funds sold & reverse repurchase $1,522
    Net loans and leases $315,835
    Loan and leases loss allowance $2,358
    Trading account assets $0
    Bank premises and fixed assets $8,757
    Other real estate owned $3,552
    Goodwill and other intangibles $5,408
    All other assets $5,374

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $552,890
    Total Liabilities $501,526
    Total deposits $488,549
    Interest-bearing deposits $387,560
    Deposits held in domestic offices $488,549
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $11,105
    Trading liabilities $0
    Other borrowed funds $82
    Subordinated debt $0
    All other liabilities $1,790

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $315,835
    Loan and leases loss allowance $2,358
    Total loans and leases (domestic) $318,193
    All real estate loans $284,489
    Real estate loans in domestic offices $284,489
    Construction and development loans $28,959
    Residential 1-4 family construction $1,741
    Other construction, all land development and other land $27,218
    Loans secured by nonfarm nonresidential properties $112,064
    Nonfarm nonresidential secured by owner-occupied properties $24,173
    Commercial real estate & other non-farm, non-residential $87,891
    Multifamily residential real estate $16,802
    1-4 family residential loans $112,453
    Farmland loans $14,211
    Loans held in foreign offices $0
    Farm loans $1,836
    Commercial and industrial loans $15,843
    To non-U.S. addressees $0
    Loans to individuals $14,105
    Credit card loans $465
    Related Plans $82
    Consumer Auto Loans $5,324
    Other loans to individuals $8,234
    All other loans & leases $1,920
    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 $315,835,000 of loans outstanding in 2019. $284,489,000 of loans were in real estate loans. $28,959,000 of loans were in development loans. $16,802,000 of loans were in multifamily mortgage loans. $112,453,000 of loans were in 1-4 family mortgage loans. $1,836,000 of loans were in farm loans. $465,000 of loans were in credit card loans. $5,324,000 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 195 $33,603 $172,323
    Nonfarm, nonresidential loans - <$100k 81 $2,654 $32,765
    Nonfarm, nonresidential loans - $100-250k 50 $5,387 $107,740
    Nonfarm, nonresidential loans - $250k-1MM 64 $25,562 $399,406
    Commercial & Industrial, US addressed loans - <$1MM 351 $13,883 $39,553
    Commercial & Industrial, US addressed loans - <$100k 312 $4,964 $15,910
    Commercial & Industrial, US addressed loans - $100-250k 21 $3,160 $150,476
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $5,759 $319,944
    Farmland loans - <$1MM 123 $9,499 $77,228
    Farmland loans - <$100k 74 $2,536 $34,270
    Farmland loans - $100-250k 41 $4,881 $119,049
    Farmland loans - $250k-1MM 8 $2,082 $260,250
    Agriculture operations loans - <$1MM 115 $1,836 $15,965
    Agriculture operations loans - <$100k 109 $1,217 $11,165
    Agriculture operations loans - $100-250k 6 $619 $103,167