Citizens' Bank & Trust Co. Mortgage Rates, Fees & Info

Van Buren, AR

LEI: 549300EY247F6R5IHX75

Tax ID: 71-0031350

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Citizens' Bank & Trust Co. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top two markets are Fort Smith and Fayetteville .

    Citizens' Bank & Trust Co. 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. Citizens' Bank & Trust Co. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    142

    Origination Dollar Volume (All Markets)

    $18,590,000

    Employee count

    101 Show all (7) awards

    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
    FORT SMITH, AR-OK (FHA|USDA|VA) 133 $16,855,000 $126,729 $2,557 4.90%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $1,435,000 $287,000 $8,604 5.08%
    Outside of Metro Areas 4 $300,000 $75,000 $2,624 5.19%
    Citizens' Bank & Trust Co.'s top markets include Fort Smith and Fayetteville among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens' Bank & Trust Co. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Citizens' Bank & Trust Co.
    Similarity Rank: 108
    The First National Bank of Fort Smith
    Similarity Rank: 187
    Priority Bank
    Similarity Rank: 209
    ARKANSAS Federal Credit Union
    Similarity Rank: 234
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 252
    GMFS LLC
    Similarity Rank: 495
    Farm Credit Services of Western Arkansas, ACA
    Similarity Rank: 585
    Firstar Bank
    Similarity Rank: 952
    Armstrong Bank
    Similarity Rank: 1260
    First Financial Bank
    Similarity Rank: 1650

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $13,405,000 $122,982 $2,054 5.08%
    FHA 16 $2,440,000 $152,500 $4,453 4.47%
    USDA 13 $1,645,000 $126,538 $3,043 4.33%
    VA 4 $1,100,000 $275,000 $5,020 4.06%

    For 2018, Citizens' Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 109 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $11,190,000 $136,463 $2,895 4.87%
    Cash Out Refi 29 $2,835,000 $97,759 $2,080 5.07%
    Refi 27 $3,925,000 $145,370 $2,346 4.83%
    Home Improvement 4 $640,000 $160,000 $2,692 5.18%

    For 2018, Citizens' Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $10,615,000 $158,433 $3,013 4.60%
    Other 50 $5,080,000 $101,600 $1,845 5.16%
    3 Year 9 $945,000 $105,000 $0 6.06%
    15 Year 7 $1,045,000 $149,286 $3,335 4.21%
    5 Year 5 $445,000 $89,000 $0 5.90%
    10 Year 3 $75,000 $25,000 $684 4.42%
    20 Year 1 $385,000 $385,000 $2,186 4.50%

    For 2018, Citizens' Bank & Trust Co.'s most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was Other, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 89 $11,255,000 $126,461
    $1k-2k 18 $2,870,000 $159,444
    $2k-3k 5 $855,000 $171,000
    $4k-5k 1 $405,000 $405,000

    Citizens' Bank & Trust Co.'s average total fees were $3,013, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 92 $12,810,000 $139,239
    5-6% 34 $3,990,000 $117,353
    6-7% 8 $390,000 $48,750
    3-4% 7 $1,375,000 $196,429
    7-8% 1 $25,000 $25,000

    During 2018, Citizens' Bank & Trust Co.'s average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,820,000 $59,688 $1,754 5.17%
    $100k-200k 57 $8,215,000 $144,123 $3,012 4.69%
    $200k-400k 16 $4,300,000 $268,750 $3,338 4.80%
    $400k-600k 5 $2,255,000 $451,000 $4,898 4.58%

    2018 saw Citizens' Bank & Trust Co. place emphasis on $100,000 or less loans with 64 originations, totaling $3,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 49 $4,385,000 $89,490 $2,298 4.81%
    $50k-75k 43 $5,095,000 $118,488 $2,486 4.81%
    $75k-100k 14 $2,450,000 $175,000 $2,965 4.68%
    $100k-150k 13 $1,605,000 $123,462 $4,007 5.18%
    $150k-250k 12 $2,420,000 $201,667 $2,353 5.18%
    $250k+ 2 $900,000 $450,000 $5,963 4.38%

    Citizens' Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 49 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1 $25,000 $25,000 $1,583 4.10%

    Citizens' Bank & Trust Co. lent most frequently to those with DTI ratios of 30-36%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $16,275,000 $126,163 $2,565 4.87%
    Not applicable 8 $1,630,000 $203,750 $0 5.72%
    Not provided 1 $235,000 $235,000 $5,497 4.13%
    Asian 1 $175,000 $175,000 $1,774 4.75%
    American Indian 2 $150,000 $75,000 $3,540 5.13%
    Black 1 $125,000 $125,000 $3,865 5.00%

    Approval Rates

    Total approvals of all applications
    90.80%

    Citizens' Bank & Trust Co. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.44%

    Citizens' Bank & Trust Co. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 142 $18,590,000 $130,915

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 12 $680,000 $56,667
    Single Family (1-4 Units):Site-Built 129 $17,805,000 $138,023

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $300,000 $50,000 $1,388 5.22%
    40-60% 24 $2,340,000 $97,500 $1,979 4.78%
    60-80% 52 $7,000,000 $134,615 $2,250 5.23%
    80-100% 57 $8,325,000 $146,053 $3,230 4.60%
    Over 100% 2 $600,000 $300,000 $0 5.50%
    Under 20% 1 $25,000 $25,000 $0 6.25%

    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' Bank & Trust Co. 124 Us Highway 71 North Mountainburg, AR 72946 Full Service B&M $17,216
    Citizens' Bank & Trust Co. 1519 Fayetteville Road Van Buren, AR 72956 Full Service B&M $27,546
    Citizens' Bank & Trust Co. 200 Hwy 71 Alma, AR 72921 Full Service B&M $89,524
    Citizens' Bank & Trust Co. 3110 Alma Highway Van Buren, AR 72956 Full Service Cyber Office $0
    Citizens' Bank & Trust Co. 3110 Alma Highway Van Buren, AR 72956 Full Service B&M $103,297
    Citizens' Bank & Trust Co. 4 Northridge Drive Van Buren, AR 72956 Full Service B&M $55,092
    Citizens' Bank & Trust Co. 617 Broadway Street Van Buren, AR 72956 Full Service B&M $44,762
    Citizens' Bank & Trust Co. 8828 Hwy 59 North Cedarville, AR 72932 Full Service B&M $6,886

    For 2018, Citizens' Bank & Trust Co. had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,946
    Net interest income $15,200
    Total noninterest income $2,633
    Gross Fiduciary activities income $107
    Service charges on deposit accounts $1,233
    Trading account gains and fees $0
    Additional Noninterest Income $1,293
    Pre-tax net operating income $9,685
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,678
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,678
    Minority interest net income $0
    Net income $7,678
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,678

    Citizens' Bank & Trust Co.'s gross interest income from loans was $16,946,000.
    Citizens' Bank & Trust Co.'s net interest income from loans was $15,200,000.
    Citizens' Bank & Trust Co.'s fee based income from loans was $1,233,000.
    Citizens' Bank & Trust Co.'s net income from loans was $7,678,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,746
    Provision for credit losses $-200
    Total noninterest expense $8,348
    Salaries and employee benefits $5,643
    Premises and equipment expense $1,057
    Additional noninterest expense $1,648
    Applicable income taxes $2,007
    Net charge-offs $-220
    Cash dividends $5,600

    Citizens' Bank & Trust Co.'s interest expense for loans was $1,746,000.
    Citizens' Bank & Trust Co.'s payroll and benefits expense were $5,643,000.
    Citizens' Bank & Trust Co.'s property, plant and equipment expenses $1,057,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 1.0%
    Credit card loans 1.5%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $344,580
    Deposits held in domestic offices $344,580
    Deposits by Individuals, partnerships, and corporations $259,732
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $81,924
    Deposits by Commercial banks and other depository institutions in U.S. $2,924
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $30,553
    Demand deposits $17,481
    Nontransaction accounts $314,027
    Money market deposit accounts (MMDAs) $30,427
    Other savings deposits (excluding MMDAs) $166,340
    Total time deposits $117,260
    Total time and savings deposits $327,099
    Noninterest-bearing deposits $70,981
    Interest-bearing deposits $273,599
    Retail deposits $299,738
    IRAs and Keogh plan accounts $14,200
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $396,886
    Cash & Balances due from depository institutions $17,786
    Interest-bearing balances $12,675
    Total securities $131,073
    Federal funds sold & reverse repurchase $0
    Net loans and leases $231,170
    Loan and leases loss allowance $4,312
    Trading account assets $0
    Bank premises and fixed assets $4,473
    Other real estate owned $356
    Goodwill and other intangibles $477
    All other assets $11,551

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $396,886
    Total Liabilities $346,910
    Total deposits $344,580
    Interest-bearing deposits $273,599
    Deposits held in domestic offices $344,580
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $968
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,362

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $231,170
    Loan and leases loss allowance $4,312
    Total loans and leases (domestic) $235,482
    All real estate loans $186,696
    Real estate loans in domestic offices $186,696
    Construction and development loans $8,756
    Residential 1-4 family construction $2,929
    Other construction, all land development and other land $5,827
    Loans secured by nonfarm nonresidential properties $99,552
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $99,552
    Multifamily residential real estate $13,238
    1-4 family residential loans $63,662
    Farmland loans $1,488
    Loans held in foreign offices $0
    Farm loans $1,521
    Commercial and industrial loans $25,228
    To non-U.S. addressees $0
    Loans to individuals $21,616
    Credit card loans $2,182
    Related Plans $0
    Consumer Auto Loans $9,779
    Other loans to individuals $9,655
    All other loans & leases $421
    Loans to foreign governments and official institutions $0
    Other loans $111
    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 $700
    Non 1-4 family restructured loans & leases $362
    Total loans and leases (foreign) $0

    Citizens' Bank & Trust Co. had $231,170,000 of loans outstanding in 2018. $186,696,000 of loans were in real estate loans. $8,756,000 of loans were in development loans. $13,238,000 of loans were in multifamily mortgage loans. $63,662,000 of loans were in 1-4 family mortgage loans. $1,521,000 of loans were in farm loans. $2,182,000 of loans were in credit card loans. $9,779,000 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 222 $43,383 $195,419
    Nonfarm, nonresidential loans - <$100k 68 $2,170 $31,912
    Nonfarm, nonresidential loans - $100-250k 73 $7,233 $99,082
    Nonfarm, nonresidential loans - $250k-1MM 81 $33,980 $419,506
    Commercial & Industrial, US addressed loans - <$1MM 434 $22,236 $51,235
    Commercial & Industrial, US addressed loans - <$100k 361 $7,724 $21,396
    Commercial & Industrial, US addressed loans - $100-250k 44 $4,890 $111,136
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $9,622 $331,793
    Farmland loans - <$1MM 22 $1,488 $67,636
    Farmland loans - <$100k 15 $444 $29,600
    Farmland loans - $100-250k 6 $700 $116,667
    Farmland loans - $250k-1MM 1 $344 $344,000
    Agriculture operations loans - <$1MM 34 $950 $27,941
    Agriculture operations loans - <$100k 31 $634 $20,452
    Agriculture operations loans - $100-250k 3 $316 $105,333