Citizens First Bank Mortgage Rates, Fees & Info
The Villages, FLLEI: 549300IQVXIW1VTW0D69
Tax ID: 59-3018034
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Mortgage Data
Bank Data
Review & Overview
Citizens First Bank is a smaller bank specializing in various types of mortgages.Citizens First Bank has an above average approval rate when compared to the average across all 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.12% | 12/16/24 |
| 30 Year Conventional Purchase | 6.68% | 12/16/24 |
| 30 Year Cash-out Refi | 6.75% | 12/16/24 |
| 15 Year Conventional Purchase | 6.07% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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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 First Bank | 1050 Lake Sumter Landing The Villages, FL 32162 | Full Service B&M | $592,028 |
| Citizens First Bank | 1129 Main Street The Villages, FL 32159 | Full Service B&M | $277,352 |
| Citizens First Bank | 1130 Old Camp Road The Villages, FL 32162 | Limited, Drive-thru | $0 |
| Citizens First Bank | 1500 Banderos Avenue The Villages, FL 32159 | Full Service B&M | $131,900 |
| Citizens First Bank | 2420 Burnsed Boulevard The Villages, FL 32163 | Full Service B&M | $46,873 |
| Citizens First Bank | 2601 West Torch Lake Drive The Villages, FL 32163 | Full Service B&M | $94,714 |
| Citizens First Bank | 3290 U.S. Hwy 441/27 Fruitland Park, FL 34731 | Full Service B&M | $26,986 |
| Citizens First Bank | 3430 Southern Trace The Villages, FL 32162 | Full Service B&M | $170,820 |
| Citizens First Bank | 395 Colony Blvd The Villages, FL 32162 | Full Service B&M | $218,282 |
| Citizens First Bank | 745 Kristine Way The Villages, FL 32163 | Full Service B&M | $16,718 |
| Citizens First Bank | 800 West North Boulevard Leesburg, FL 34748 | Full Service B&M | $46,762 |
| Citizens First Bank | 8590 S.E. 165th Mulberry Lane The Villages, FL 32159 | Full Service B&M | $127,316 |
For 2018, Citizens First Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $64,458 |
| Net interest income | $59,485 |
| Total noninterest income | $16,659 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $639 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $16,020 |
| Pre-tax net operating income | $39,710 |
| Securities gains (or losses, -) | $-3,333 |
| Income before extraordinary items | $29,932 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $29,932 |
| Minority interest net income | $0 |
| Net income | $29,932 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $32,665 |
Citizens First Bank's gross interest income from loans was $64,458,000.
Citizens First Bank's net interest income from loans was $59,485,000.
Citizens First Bank's fee based income from loans was $639,000.
Citizens First Bank's net income from loans was $29,932,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,973 |
| Provision for credit losses | $1,375 |
| Total noninterest expense | $35,059 |
| Salaries and employee benefits | $20,671 |
| Premises and equipment expense | $4,430 |
| Additional noninterest expense | $9,958 |
| Applicable income taxes | $6,445 |
| Net charge-offs | $104 |
| Cash dividends | $320 |
Citizens First Bank's interest expense for loans was $4,973,000.
Citizens First Bank's payroll and benefits expense were $20,671,000.
Citizens First Bank's property, plant and equipment expenses $4,430,000.
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 | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,784,686 |
| Deposits held in domestic offices | $1,784,686 |
| Deposits by Individuals, partnerships, and corporations | $1,770,001 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $14,685 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $168,270 |
| Demand deposits | $77,364 |
| Nontransaction accounts | $1,616,416 |
| Money market deposit accounts (MMDAs) | $1,213,825 |
| Other savings deposits (excluding MMDAs) | $248,291 |
| Total time deposits | $154,299 |
| Total time and savings deposits | $1,707,322 |
| Noninterest-bearing deposits | $352,822 |
| Interest-bearing deposits | $1,431,864 |
| Retail deposits | $1,772,220 |
| IRAs and Keogh plan accounts | $16,181 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,255,175 |
| Cash & Balances due from depository institutions | $28,697 |
| Interest-bearing balances | $842 |
| Total securities | $1,417,290 |
| Federal funds sold & reverse repurchase | $144 |
| Net loans and leases | $750,496 |
| Loan and leases loss allowance | $8,097 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $25,960 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $2,095 |
| All other assets | $30,493 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,255,175 |
| Total Liabilities | $2,020,233 |
| Total deposits | $1,784,686 |
| Interest-bearing deposits | $1,431,864 |
| Deposits held in domestic offices | $1,784,686 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $45,847 |
| Trading liabilities | $0 |
| Other borrowed funds | $170,000 |
| Subordinated debt | $0 |
| All other liabilities | $19,700 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $750,496 |
| Loan and leases loss allowance | $8,097 |
| Total loans and leases (domestic) | $758,593 |
| All real estate loans | $431,456 |
| Real estate loans in domestic offices | $431,456 |
| Construction and development loans | $50,858 |
| Residential 1-4 family construction | $1,261 |
| Other construction, all land development and other land | $49,597 |
| Loans secured by nonfarm nonresidential properties | $149,649 |
| Nonfarm nonresidential secured by owner-occupied properties | $44,673 |
| Commercial real estate & other non-farm, non-residential | $104,976 |
| Multifamily residential real estate | $3,957 |
| 1-4 family residential loans | $225,569 |
| Farmland loans | $1,423 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $227,172 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,582 |
| Credit card loans | $0 |
| Related Plans | $294 |
| Consumer Auto Loans | $202 |
| Other loans to individuals | $1,086 |
| All other loans & leases | $98,383 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $307 |
| 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 | $3,604 |
| Non 1-4 family restructured loans & leases | $3,519 |
| Total loans and leases (foreign) | $0 |
Citizens First Bank had $750,496,000 of loans outstanding in 2018. $431,456,000 of loans were in real estate loans. $50,858,000 of loans were in development loans. $3,957,000 of loans were in multifamily mortgage loans. $225,569,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $202,000 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 | 138 | $43,834 | $317,638 |
| Nonfarm, nonresidential loans - <$100k | 19 | $991 | $52,158 |
| Nonfarm, nonresidential loans - $100-250k | 35 | $4,300 | $122,857 |
| Nonfarm, nonresidential loans - $250k-1MM | 84 | $38,543 | $458,845 |
| Commercial & Industrial, US addressed loans - <$1MM | 118 | $15,883 | $134,602 |
| Commercial & Industrial, US addressed loans - <$100k | 65 | $2,382 | $36,646 |
| Commercial & Industrial, US addressed loans - $100-250k | 30 | $3,455 | $115,167 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 23 | $10,046 | $436,783 |
| Farmland loans - <$1MM | 1 | $207 | $207,000 |
| Farmland loans - $100-250k | 1 | $207 | $207,000 |