Citizens Commerce Bank Mortgage Rates, Fees & Info

Versailles, KY

LEI: 549300GBQMFJ4GDIMC53

Tax ID: 61-1301436

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

Review & Overview

Citizens Commerce Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Citizens Commerce Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Frankfort, Somerset, Richmond, and Danville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens Commerce Bank 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.

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Originations

163

Origination Dollar Volume (All Markets)

$43,325,000

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
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	112	$29,690,000	$265,089	$0	0.00%
Frankfort, KY (FHA\|USDA\|VA)	29	$7,805,000	$269,138	$0	0.00%
Somerset, KY (FHA\|USDA\|VA)	9	$2,605,000	$289,444	$0	0.00%
Richmond-Berea, KY (FHA\|USDA\|VA)	3	$1,725,000	$575,000	$0	0.00%
Outside of Metro Areas	7	$995,000	$142,143	$0	0.00%
Danville, KY (FHA\|USDA\|VA)	2	$300,000	$150,000	$0	0.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%

Citizens Commerce Bank's top markets include Lexington, Frankfort, Somerset, Richmond, and Danville among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	163	$43,325,000	$265,798	$0	0.00%

For 2022, Citizens Commerce Bank's most frequently originated type of loan was Conventional, with 163 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	88	$24,030,000	$273,068	$0	0.00%
Cash Out Refi	37	$11,255,000	$304,189	$0	0.00%
Refi	22	$5,930,000	$269,545	$0	0.00%
Home Improvement	9	$1,115,000	$123,889	$0	0.00%
Other	7	$995,000	$142,143	$0	0.00%

For 2022, Citizens Commerce Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	163	$43,325,000	$265,798	$0	0.00%

For 2022, Citizens Commerce Bank's most frequently cited loan duration was Other, with 163 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	58	$15,790,000	$272,241	$0	0.00%
$100k-200k	50	$7,150,000	$143,000	$0	0.00%
$100,000 or less	34	$2,310,000	$67,941	$0	0.00%
$400k-600k	9	$4,405,000	$489,444	$0	0.00%
$600k-1MM	7	$5,515,000	$787,857	$0	0.00%
$1MM+	5	$8,155,000	$1,631,000	$0	0.00%

2022 saw Citizens Commerce Bank place emphasis on $200k-400k loans with 58 originations, totaling $15,790,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	22	$6,700,000	$304,545	$0	0.00%
$50k-75k	20	$2,890,000	$144,500	$0	0.00%
$100k-150k	17	$4,305,000	$253,235	$0	0.00%
$75k-100k	16	$3,470,000	$216,875	$0	0.00%
$50k or less	15	$1,055,000	$70,333	$0	0.00%
$250k+	12	$6,140,000	$511,667	$0	0.00%

Citizens Commerce Bank lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $50k-75k, with 20 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	163	$43,325,000	$265,798	$0	0.00%

Citizens Commerce Bank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	87	$21,545,000	$247,644	$0	0.00%
Not applicable	59	$18,585,000	$315,000	$0	0.00%
Not provided	7	$1,495,000	$213,571	$0	0.00%
Asian	5	$1,095,000	$219,000	$0	0.00%
Black	4	$520,000	$130,000	$0	0.00%
American Indian	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.78%

Citizens Commerce Bank has an average approval rate.

Pick Rate

Approvals leading to origination
77.91%

Citizens Commerce Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	163	$43,325,000	$265,798

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	163	$43,325,000	$265,798

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Closing on a mortgage	1	10.0%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Struggling to pay mortgage	3	30.0%
CITIZENS FINANCIAL GROUP, INC.	Conventional home mortgage	Trouble during payment process	4	40.0%
CITIZENS FINANCIAL GROUP, INC.	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	10.0%
CITIZENS FINANCIAL GROUP, INC.	VA mortgage	Trouble during payment process	1	10.0%