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

Van Buren, AR

LEI: 549300EY247F6R5IHX75

Tax ID: 71-0031350

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Citizens' Bank & Trust Co. is a smaller bank specializing in Home Purchase, Refi, and Cash Out 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, Jonesboro, Kansas City, and Paragould among others. We have data for 9 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.

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

329

Origination Dollar Volume (All Markets)

$56,755,000

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)	302	$51,320,000	$169,934	$0	0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	14	$3,720,000	$265,714	$0	0.00%
Outside of Metro Areas	6	$740,000	$123,333	$0	0.00%
JONESBORO, AR (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	0.00%
Paragould, AR (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%
Tahlequah, OK (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
JOPLIN, MO (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%

Citizens' Bank & Trust Co.'s top markets include Fort Smith, Fayetteville, Jonesboro, Kansas City, and Paragould among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Missouri (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 Security Bank
Similarity Rank: 242

FIRST WESTERN MORTGAGE, INC.
Similarity Rank: 252

The First National Bank of Fort Smith
Similarity Rank: 264

ARKANSAS Federal Credit Union
Similarity Rank: 575

Farm Credit Services of Western Arkansas, ACA
Similarity Rank: 840

GMFS LLC
Similarity Rank: 1320

Simmons Bank
Similarity Rank: 2170

Priority Bank
Similarity Rank: 2214

Firstar Bank
Similarity Rank: 2304

Armstrong Bank
Similarity Rank: 2349

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	260	$46,500,000	$178,846	$0	0.00%
USDA	35	$4,175,000	$119,286	$0	0.00%
FHA	22	$3,270,000	$148,636	$0	0.00%
VA	12	$2,810,000	$234,167	$0	0.00%

For 2020, Citizens' Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was USDA, with 35 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	155	$22,185,000	$143,129	$0	0.00%
Refi	97	$19,505,000	$201,082	$0	0.00%
Cash Out Refi	74	$14,900,000	$201,351	$0	0.00%
Home Improvement	3	$165,000	$55,000	$0	0.00%

For 2020, Citizens' Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 97 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	329	$56,755,000	$172,508	$0	0.00%

For 2020, Citizens' Bank & Trust Co.'s most frequently cited loan duration was Other, with 329 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	146	$21,290,000	$145,822	$0	0.00%
$100,000 or less	95	$6,485,000	$68,263	$0	0.00%
$200k-400k	75	$19,775,000	$263,667	$0	0.00%
$400k-600k	11	$5,075,000	$461,364	$0	0.00%
$1MM+	2	$4,130,000	$2,065,000	$0	0.00%

2020 saw Citizens' Bank & Trust Co. place emphasis on $100k-200k loans with 146 originations, totaling $21,290,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	87	$12,265,000	$140,977	$0	0.00%
$50k or less	84	$9,080,000	$108,095	$0	0.00%
$100k-150k	49	$9,405,000	$191,939	$0	0.00%
$75k-100k	43	$7,145,000	$166,163	$0	0.00%
$150k-250k	33	$7,345,000	$222,576	$0	0.00%
$250k+	17	$4,535,000	$266,765	$0	0.00%

Citizens' Bank & Trust Co. lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $50k or less, with 84 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	329	$56,755,000	$172,508	$0	0.00%

Citizens' Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 329 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	290	$45,450,000	$156,724	$0	0.00%
Not applicable	15	$6,925,000	$461,667	$0	0.00%
Not provided	13	$2,605,000	$200,385	$0	0.00%
American Indian	6	$1,100,000	$183,333	$0	0.00%
Asian	4	$540,000	$135,000	$0	0.00%
Black	1	$135,000	$135,000	$0	0.00%

Approval Rates

Total approvals of all applications
88.43%

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

Pick Rate

Approvals leading to origination
83.89%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	329	$56,755,000	$172,508

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	13	$805,000	$61,923
Single Family (1-4 Units):Site-Built	316	$55,950,000	$177,057

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	35	12.8%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Closing on a mortgage	13	4.7%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Credit monitoring or identity theft protection services	1	0.4%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Incorrect information on your report	5	1.8%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Problem with a credit reporting company's investigation into an existing problem	1	0.4%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Struggling to pay mortgage	26	9.5%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Trouble during payment process	109	39.8%
CITIZENS FINANCIAL GROUP, INC.	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	3	1.1%
CITIZENS FINANCIAL GROUP, INC.	FHA mortgage	Struggling to pay mortgage	6	2.2%
CITIZENS FINANCIAL GROUP, INC.	FHA mortgage	Trouble during payment process	7	2.6%
CITIZENS FINANCIAL GROUP, INC.	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	8	2.9%
CITIZENS FINANCIAL GROUP, INC.	Home equity loan or line of credit (HELOC)	Closing on a mortgage	3	1.1%
CITIZENS FINANCIAL GROUP, INC.	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	6	2.2%
CITIZENS FINANCIAL GROUP, INC.	Home equity loan or line of credit (HELOC)	Trouble during payment process	20	7.3%
CITIZENS FINANCIAL GROUP, INC.	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	7	2.6%
CITIZENS FINANCIAL GROUP, INC.	Other type of mortgage	Closing on a mortgage	4	1.5%
CITIZENS FINANCIAL GROUP, INC.	Other type of mortgage	Struggling to pay mortgage	2	0.7%
CITIZENS FINANCIAL GROUP, INC.	Other type of mortgage	Trouble during payment process	11	4.0%
CITIZENS FINANCIAL GROUP, INC.	VA mortgage	Struggling to pay mortgage	3	1.1%
CITIZENS FINANCIAL GROUP, INC.	VA mortgage	Trouble during payment process	4	1.5%

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	$15,691
Citizens' Bank & Trust Co.	1519 Fayetteville Road Van Buren, AR 72956	Full Service B&M	$31,381
Citizens' Bank & Trust Co.	200 Hwy 71 Alma, AR 72921	Full Service B&M	$101,988
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	$117,679
Citizens' Bank & Trust Co.	4 Northridge Drive Van Buren, AR 72956	Full Service B&M	$62,762
Citizens' Bank & Trust Co.	617 Broadway Street Van Buren, AR 72956	Full Service B&M	$50,994
Citizens' Bank & Trust Co.	8828 Hwy 59 North Cedarville, AR 72932	Full Service B&M	$11,768

For 2020, Citizens' Bank & Trust Co. had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,798
Net interest income	$15,946
Total noninterest income	$2,388
Gross Fiduciary activities income	$154
Service charges on deposit accounts	$868
Trading account gains and fees	$0
Additional Noninterest Income	$1,366
Pre-tax net operating income	$8,816
Securities gains (or losses, -)	$0
Income before extraordinary items	$6,936
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,936
Minority interest net income	$0
Net income	$6,936
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,936

Citizens' Bank & Trust Co.'s gross interest income from loans was $17,798,000.
Citizens' Bank & Trust Co.'s net interest income from loans was $15,946,000.
Citizens' Bank & Trust Co.'s fee based income from loans was $868,000.
Citizens' Bank & Trust Co.'s net income from loans was $6,936,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,852
Provision for credit losses	$465
Total noninterest expense	$9,053
Salaries and employee benefits	$6,203
Premises and equipment expense	$1,172
Additional noninterest expense	$1,678
Applicable income taxes	$1,880
Net charge-offs	$238
Cash dividends	$4,800

Citizens' Bank & Trust Co.'s interest expense for loans was $1,852,000.
Citizens' Bank & Trust Co.'s payroll and benefits expense were $6,203,000.
Citizens' Bank & Trust Co.'s property, plant and equipment expenses $1,172,000.

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	0.0%
Credit card loans	0.4%
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	$403,422
Deposits held in domestic offices	$403,422
Deposits by Individuals, partnerships, and corporations	$320,773
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$81,107
Deposits by Commercial banks and other depository institutions in U.S.	$1,542
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$42,716
Demand deposits	$23,678
Nontransaction accounts	$360,706
Money market deposit accounts (MMDAs)	$40,190
Other savings deposits (excluding MMDAs)	$229,579
Total time deposits	$90,936
Total time and savings deposits	$379,744
Noninterest-bearing deposits	$102,119
Interest-bearing deposits	$301,303
Retail deposits	$380,104
IRAs and Keogh plan accounts	$14,994
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$467,389
Cash & Balances due from depository institutions	$78,351
Interest-bearing balances	$71,135
Total securities	$132,101
Federal funds sold & reverse repurchase	$0
Net loans and leases	$238,188
Loan and leases loss allowance	$4,311
Trading account assets	$0
Bank premises and fixed assets	$4,112
Other real estate owned	$0
Goodwill and other intangibles	$477
All other assets	$14,160

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$467,389
Total Liabilities	$410,412
Total deposits	$403,422
Interest-bearing deposits	$301,303
Deposits held in domestic offices	$403,422
% insured (estimated)	$73
Federal funds purchased and repurchase agreements	$696
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$1,294

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$238,188
Loan and leases loss allowance	$4,311
Total loans and leases (domestic)	$242,499
All real estate loans	$189,833
Real estate loans in domestic offices	$189,833
Construction and development loans	$12,205
Residential 1-4 family construction	$1,610
Other construction, all land development and other land	$10,595
Loans secured by nonfarm nonresidential properties	$111,560
Nonfarm nonresidential secured by owner-occupied properties	$0
Commercial real estate & other non-farm, non-residential	$111,560
Multifamily residential real estate	$4,554
1-4 family residential loans	$60,482
Farmland loans	$1,032
Loans held in foreign offices	$0
Farm loans	$2,120
Commercial and industrial loans	$32,945
To non-U.S. addressees	$0
Loans to individuals	$17,403
Credit card loans	$1,998
Related Plans	$0
Consumer Auto Loans	$8,731
Other loans to individuals	$6,674
All other loans & leases	$198
Loans to foreign governments and official institutions	$0
Other loans	$25
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	$543
Non 1-4 family restructured loans & leases	$446
Total loans and leases (foreign)	$0

Citizens' Bank & Trust Co. had $238,188,000 of loans outstanding in 2020. $189,833,000 of loans were in real estate loans. $12,205,000 of loans were in development loans. $4,554,000 of loans were in multifamily mortgage loans. $60,482,000 of loans were in 1-4 family mortgage loans. $2,120,000 of loans were in farm loans. $1,998,000 of loans were in credit card loans. $8,731,000 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	217	$38,551	$177,654
Nonfarm, nonresidential loans - <$100k	68	$2,398	$35,265
Nonfarm, nonresidential loans - $100-250k	71	$8,263	$116,380
Nonfarm, nonresidential loans - $250k-1MM	78	$27,890	$357,564
Commercial & Industrial, US addressed loans - <$1MM	514	$28,073	$54,617
Commercial & Industrial, US addressed loans - <$100k	423	$8,747	$20,678
Commercial & Industrial, US addressed loans - $100-250k	54	$6,060	$112,222
Commercial & Industrial, US addressed loans - $250k-1MM	37	$13,266	$358,541
Farmland loans - <$1MM	18	$1,032	$57,333
Farmland loans - <$100k	12	$372	$31,000
Farmland loans - $100-250k	5	$165	$33,000
Farmland loans - $250k-1MM	1	$495	$495,000
Agriculture operations loans - <$1MM	39	$1,592	$40,821
Agriculture operations loans - <$100k	34	$867	$25,500
Agriculture operations loans - $100-250k	5	$725	$145,000