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

Review & Overview

Citizens' Bank & Trust Co. is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Citizens' Bank & Trust Co. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Fort Smith, Fayetteville, and Russellville among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens' Bank & Trust Co. has an 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

155

Origination Dollar Volume (All Markets)

$20,955,000

Employee count

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)	151	$19,545,000	$129,437	$0	0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	3	$1,285,000	$428,333	$0	0.00%
Russellville, AR (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

Citizens' Bank & Trust Co.'s top markets include Fort Smith, Fayetteville, and Russellville 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.

FIRST WESTERN MORTGAGE, INC.
Similarity Rank: 207

The First National Bank of Fort Smith
Similarity Rank: 209

Priority Bank
Similarity Rank: 240

Farm Credit Services of Western Arkansas, ACA
Similarity Rank: 504

Firstar Bank
Similarity Rank: 980

GMFS LLC
Similarity Rank: 1040

Armstrong Bank
Similarity Rank: 1044

First Financial Bank
Similarity Rank: 1144

Centennial Bank
Similarity Rank: 1428

MID AMERICA MORTGAGE, INC.
Similarity Rank: 1976

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	118	$15,960,000	$135,254	$0	0.00%
USDA	16	$2,110,000	$131,875	$0	0.00%
FHA	15	$2,035,000	$135,667	$0	0.00%
VA	6	$850,000	$141,667	$0	0.00%

For 2019, Citizens' Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was USDA, with 16 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	77	$9,545,000	$123,961	$0	0.00%
Cash Out Refi	42	$5,540,000	$131,905	$0	0.00%
Refi	31	$5,565,000	$179,516	$0	0.00%
Home Improvement	5	$305,000	$61,000	$0	0.00%

For 2019, Citizens' Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	155	$20,955,000	$135,194	$0	0.00%

For 2019, Citizens' Bank & Trust Co.'s most frequently cited loan duration was Other, with 155 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	74	$3,990,000	$53,919	$0	0.00%
$100k-200k	59	$8,475,000	$143,644	$0	0.00%
$200k-400k	15	$3,915,000	$261,000	$0	0.00%
$400k-600k	3	$1,395,000	$465,000	$0	0.00%
$600k-1MM	3	$2,175,000	$725,000	$0	0.00%
$1MM+	1	$1,005,000	$1,005,000	$0	0.00%

2019 saw Citizens' Bank & Trust Co. place emphasis on $100,000 or less loans with 74 originations, totaling $3,990,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	51	$3,935,000	$77,157	$0	0.00%
$50k-75k	37	$4,165,000	$112,568	$0	0.00%
$100k-150k	24	$3,800,000	$158,333	$0	0.00%
$75k-100k	23	$2,535,000	$110,217	$0	0.00%
$150k-250k	9	$1,085,000	$120,556	$0	0.00%
$250k+	5	$3,105,000	$621,000	$0	0.00%

Citizens' Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 37 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	155	$20,955,000	$135,194	$0	0.00%

Citizens' Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	142	$17,820,000	$125,493	$0	0.00%
Not applicable	6	$2,330,000	$388,333	$0	0.00%
American Indian	3	$375,000	$125,000	$0	0.00%
Native Hawaiian or Islander	1	$205,000	$205,000	$0	0.00%
Black	2	$140,000	$70,000	$0	0.00%
Not provided	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.91%

Citizens' Bank & Trust Co. has a below average approval rate.

Pick Rate

Approvals leading to origination
83.87%

Citizens' Bank & Trust Co. has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	155	$20,955,000	$135,194

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	17	$795,000	$46,765
Single Family (1-4 Units):Site-Built	138	$20,160,000	$146,087

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 Co.	124 Us Highway 71 North Mountainburg, AR 72946	Limited, Drive-thru	$17,324
Citizens' Bank & Trust Co.	1519 Fayetteville Road Van Buren, AR 72956	Full Service B&M	$27,719
Citizens' Bank & Trust Co.	200 Hwy 71 Alma, AR 72921	Full Service B&M	$90,086
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	$103,945
Citizens' Bank & Trust Co.	4 Northridge Drive Van Buren, AR 72956	Full Service B&M	$51,973
Citizens' Bank & Trust Co.	617 Broadway Street Van Buren, AR 72956	Full Service B&M	$45,043
Citizens' Bank & Trust Co.	8828 Hwy 59 North Cedarville, AR 72932	Full Service B&M	$10,394

For 2019, Citizens' Bank & Trust Co. had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,888
Net interest income	$14,819
Total noninterest income	$2,604
Gross Fiduciary activities income	$122
Service charges on deposit accounts	$1,197
Trading account gains and fees	$0
Additional Noninterest Income	$1,285
Pre-tax net operating income	$8,752
Securities gains (or losses, -)	$9
Income before extraordinary items	$7,010
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$7,010
Minority interest net income	$0
Net income	$7,010
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$7,002

Citizens' Bank & Trust Co.'s gross interest income from loans was $17,888,000.
Citizens' Bank & Trust Co.'s net interest income from loans was $14,819,000.
Citizens' Bank & Trust Co.'s fee based income from loans was $1,197,000.
Citizens' Bank & Trust Co.'s net income from loans was $7,010,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,069
Provision for credit losses	$60
Total noninterest expense	$8,611
Salaries and employee benefits	$5,891
Premises and equipment expense	$1,084
Additional noninterest expense	$1,636
Applicable income taxes	$1,751
Net charge-offs	$288
Cash dividends	$5,200

Citizens' Bank & Trust Co.'s interest expense for loans was $3,069,000.
Citizens' Bank & Trust Co.'s payroll and benefits expense were $5,891,000.
Citizens' Bank & Trust Co.'s property, plant and equipment expenses $1,084,000.

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	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	1.0%
Personal loans	1.0%
Credit card loans	0.3%
Other individual loans	1.0%
Auto loans	1.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$345,605
Deposits held in domestic offices	$345,605
Deposits by Individuals, partnerships, and corporations	$277,245
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$65,324
Deposits by Commercial banks and other depository institutions in U.S.	$3,036
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$31,398
Demand deposits	$17,287
Nontransaction accounts	$314,207
Money market deposit accounts (MMDAs)	$33,189
Other savings deposits (excluding MMDAs)	$174,753
Total time deposits	$106,265
Total time and savings deposits	$328,318
Noninterest-bearing deposits	$74,518
Interest-bearing deposits	$271,087
Retail deposits	$315,308
IRAs and Keogh plan accounts	$14,530
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$404,066
Cash & Balances due from depository institutions	$17,338
Interest-bearing balances	$11,629
Total securities	$126,413
Federal funds sold & reverse repurchase	$0
Net loans and leases	$245,051
Loan and leases loss allowance	$4,084
Trading account assets	$0
Bank premises and fixed assets	$4,365
Other real estate owned	$0
Goodwill and other intangibles	$477
All other assets	$10,422

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$404,066
Total Liabilities	$350,522
Total deposits	$345,605
Interest-bearing deposits	$271,087
Deposits held in domestic offices	$345,605
% insured (estimated)	$75
Federal funds purchased and repurchase agreements	$3,623
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$1,294

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$245,051
Loan and leases loss allowance	$4,084
Total loans and leases (domestic)	$249,135
All real estate loans	$201,416
Real estate loans in domestic offices	$201,416
Construction and development loans	$14,133
Residential 1-4 family construction	$898
Other construction, all land development and other land	$13,235
Loans secured by nonfarm nonresidential properties	$117,143
Nonfarm nonresidential secured by owner-occupied properties	$0
Commercial real estate & other non-farm, non-residential	$117,143
Multifamily residential real estate	$4,434
1-4 family residential loans	$63,846
Farmland loans	$1,860
Loans held in foreign offices	$0
Farm loans	$1,988
Commercial and industrial loans	$25,470
To non-U.S. addressees	$0
Loans to individuals	$19,900
Credit card loans	$2,186
Related Plans	$0
Consumer Auto Loans	$9,228
Other loans to individuals	$8,486
All other loans & leases	$360
Loans to foreign governments and official institutions	$0
Other loans	$124
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	$907
Non 1-4 family restructured loans & leases	$455
Total loans and leases (foreign)	$0

Citizens' Bank & Trust Co. had $245,051,000 of loans outstanding in 2019. $201,416,000 of loans were in real estate loans. $14,133,000 of loans were in development loans. $4,434,000 of loans were in multifamily mortgage loans. $63,846,000 of loans were in 1-4 family mortgage loans. $1,988,000 of loans were in farm loans. $2,186,000 of loans were in credit card loans. $9,228,000 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	216	$41,407	$191,699
Nonfarm, nonresidential loans - <$100k	65	$2,092	$32,185
Nonfarm, nonresidential loans - $100-250k	69	$7,792	$112,928
Nonfarm, nonresidential loans - $250k-1MM	82	$31,523	$384,427
Commercial & Industrial, US addressed loans - <$1MM	430	$22,086	$51,363
Commercial & Industrial, US addressed loans - <$100k	358	$7,591	$21,204
Commercial & Industrial, US addressed loans - $100-250k	43	$5,022	$116,791
Commercial & Industrial, US addressed loans - $250k-1MM	29	$9,473	$326,655
Farmland loans - <$1MM	23	$1,860	$80,870
Farmland loans - <$100k	16	$557	$34,813
Farmland loans - $100-250k	6	$803	$133,833
Farmland loans - $250k-1MM	1	$500	$500,000
Agriculture operations loans - <$1MM	44	$1,439	$32,705
Agriculture operations loans - <$100k	41	$962	$23,463
Agriculture operations loans - $100-250k	3	$477	$159,000