Citizens Bank And Trust Mortgage Rates, Fees & Info

Frostproof, FL

LEI: 549300IRRKG7NTX2YD83

Tax ID: 59-0193780

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 And Trust is a smaller bank specializing in Home Purchase loans. Citizens Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Lakeland, North Port, Port St. Lucie, and Sebring among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank And Trust 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

    140

    Origination Dollar Volume (All Markets)

    $18,520,000

    Employee count

    154

    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
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 136 $17,120,000 $125,882 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Citizens Bank And Trust's top markets include Lakeland, North Port, Port St. Lucie, and Sebring among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $18,520,000 $132,286 $0 0.00%

    For 2018, Citizens Bank And Trust's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $13,070,000 $148,523 $0 0.00%
    Other 19 $1,515,000 $79,737 $0 0.00%
    Refi 17 $3,355,000 $197,353 $0 0.00%
    Home Improvement 11 $415,000 $37,727 $0 0.00%
    Cash Out Refi 5 $165,000 $33,000 $0 0.00%

    For 2018, Citizens Bank And Trust's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Other, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $18,520,000 $132,286 $0 0.00%

    For 2018, Citizens Bank And Trust's most frequently cited loan duration was Other, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $4,240,000 $41,569 $0 0.00%
    $100k-200k 14 $1,910,000 $136,429 $0 0.00%
    $200k-400k 14 $3,720,000 $265,714 $0 0.00%
    $600k-1MM 5 $4,115,000 $823,000 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $1MM+ 1 $2,785,000 $2,785,000 $0 0.00%

    2018 saw Citizens Bank And Trust place emphasis on $100,000 or less loans with 102 originations, totaling $4,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 36 $1,570,000 $43,611 $0 0.00%
    $50k-75k 33 $1,945,000 $58,939 $0 0.00%
    $100k-150k 22 $1,670,000 $75,909 $0 0.00%
    $75k-100k 18 $1,810,000 $100,556 $0 0.00%
    $150k-250k 14 $2,900,000 $207,143 $0 0.00%
    $250k+ 7 $3,545,000 $506,429 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 140 $18,520,000 $132,286 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $9,620,000 $87,455 $0 0.00%
    Not applicable 8 $4,910,000 $613,750 $0 0.00%
    Not provided 17 $3,605,000 $212,059 $0 0.00%
    Black 5 $385,000 $77,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.15%

    Citizens Bank And Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    59.29%

    Citizens Bank And Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 140 $18,520,000 $132,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $750,000 $375,000
    Single Family (1-4 Units):Manufactured 83 $3,355,000 $40,422
    Single Family (1-4 Units):Site-Built 55 $14,415,000 $262,091

    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 and Trust 1013 Highway 542 Dundee, FL 33838 Full Service B&M $26,464
    Citizens Bank and Trust 111 Havendale Blvd Auburndale, FL 33823 Full Service B&M $38,801
    Citizens Bank and Trust 1120 First Street South Winter Haven, FL 33880 Full Service B&M $57,037
    Citizens Bank and Trust 1400 U.S. Highway 27 North Haines City, FL 33844 Full Service B&M $43,355
    Citizens Bank and Trust 1450 N. Broadway Avenue Bartow, FL 33830 Full Service B&M $71,794
    Citizens Bank and Trust 1958 East Edgewood Drive Lakeland, FL 33803 Full Service B&M $44,315
    Citizens Bank and Trust 2 East Wall Street Frostproof, FL 33843 Full Service B&M $64,615
    Citizens Bank and Trust 222 Highway 60 East Lake Wales, FL 33853 Full Service B&M $121,215
    Citizens Bank and Trust 23725 Highway 27 Lake Wales, FL 33859 Full Service B&M $29,968
    Citizens Bank and Trust 25 West Broadway Street Fort Meade, FL 33841 Full Service B&M $12,437
    Citizens Bank and Trust 402 South Kentucky Avenue Lakeland, FL 33801 Full Service B&M $39,863
    Citizens Bank and Trust 4500 Us Highway 92 East Lakeland, FL 33801 Full Service B&M $3,691
    Citizens Bank and Trust 6340 Cypress Gardens Blvd Winter Haven, FL 33884 Full Service B&M $25,595

    For 2018, Citizens Bank And Trust had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,978
    Net interest income $21,207
    Total noninterest income $6,068
    Gross Fiduciary activities income $1,700
    Service charges on deposit accounts $1,484
    Trading account gains and fees $0
    Additional Noninterest Income $2,884
    Pre-tax net operating income $6,734
    Securities gains (or losses, -) $-16
    Income before extraordinary items $6,718
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,718
    Minority interest net income $0
    Net income $6,718
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,734

    Citizens Bank And Trust's gross interest income from loans was $22,978,000.
    Citizens Bank And Trust's net interest income from loans was $21,207,000.
    Citizens Bank And Trust's fee based income from loans was $1,484,000.
    Citizens Bank And Trust's net income from loans was $6,718,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,771
    Provision for credit losses $240
    Total noninterest expense $20,301
    Salaries and employee benefits $11,745
    Premises and equipment expense $3,033
    Additional noninterest expense $5,523
    Applicable income taxes $0
    Net charge-offs $223
    Cash dividends $3,890

    Citizens Bank And Trust's interest expense for loans was $1,771,000.
    Citizens Bank And Trust's payroll and benefits expense were $11,745,000.
    Citizens Bank And Trust's property, plant and equipment expenses $3,033,000.

    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 $548,254
    Deposits held in domestic offices $548,254
    Deposits by Individuals, partnerships, and corporations $481,212
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,042
    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 $110,499
    Demand deposits $74,038
    Nontransaction accounts $437,755
    Money market deposit accounts (MMDAs) $338,384
    Other savings deposits (excluding MMDAs) $70,080
    Total time deposits $29,292
    Total time and savings deposits $474,216
    Noninterest-bearing deposits $226,770
    Interest-bearing deposits $321,483
    Retail deposits $542,692
    IRAs and Keogh plan accounts $4,407
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $634,947
    Cash & Balances due from depository institutions $27,371
    Interest-bearing balances $21,947
    Total securities $205,558
    Federal funds sold & reverse repurchase $0
    Net loans and leases $380,715
    Loan and leases loss allowance $3,652
    Trading account assets $0
    Bank premises and fixed assets $5,341
    Other real estate owned $2,187
    Goodwill and other intangibles $174
    All other assets $13,601

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $634,947
    Total Liabilities $589,201
    Total deposits $548,254
    Interest-bearing deposits $321,483
    Deposits held in domestic offices $548,254
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $10,829
    Trading liabilities $0
    Other borrowed funds $26,170
    Subordinated debt $0
    All other liabilities $3,948

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $380,715
    Loan and leases loss allowance $3,652
    Total loans and leases (domestic) $384,367
    All real estate loans $278,995
    Real estate loans in domestic offices $278,995
    Construction and development loans $21,306
    Residential 1-4 family construction $1,270
    Other construction, all land development and other land $20,036
    Loans secured by nonfarm nonresidential properties $146,577
    Nonfarm nonresidential secured by owner-occupied properties $114,409
    Commercial real estate & other non-farm, non-residential $32,168
    Multifamily residential real estate $6,153
    1-4 family residential loans $102,224
    Farmland loans $2,735
    Loans held in foreign offices $0
    Farm loans $1,774
    Commercial and industrial loans $44,808
    To non-U.S. addressees $0
    Loans to individuals $45,032
    Credit card loans $0
    Related Plans $4,013
    Consumer Auto Loans $26,864
    Other loans to individuals $14,155
    All other loans & leases $13,758
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,091
    Non 1-4 family restructured loans & leases $640
    Total loans and leases (foreign) $0

    Citizens Bank and Trust had $380,715,000 of loans outstanding in 2018. $278,995,000 of loans were in real estate loans. $21,306,000 of loans were in development loans. $6,153,000 of loans were in multifamily mortgage loans. $102,224,000 of loans were in 1-4 family mortgage loans. $1,774,000 of loans were in farm loans. $0 of loans were in credit card loans. $26,864,000 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 227 $54,507 $240,119
    Nonfarm, nonresidential loans - <$100k 44 $1,873 $42,568
    Nonfarm, nonresidential loans - $100-250k 67 $8,502 $126,896
    Nonfarm, nonresidential loans - $250k-1MM 116 $44,132 $380,448
    Commercial & Industrial, US addressed loans - <$1MM 390 $24,945 $63,962
    Commercial & Industrial, US addressed loans - <$100k 279 $7,728 $27,699
    Commercial & Industrial, US addressed loans - $100-250k 65 $4,963 $76,354
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $12,254 $266,391
    Farmland loans - <$1MM 21 $2,235 $106,429
    Farmland loans - <$100k 12 $262 $21,833
    Farmland loans - $100-250k 2 $445 $222,500
    Farmland loans - $250k-1MM 7 $1,528 $218,286
    Agriculture operations loans - <$1MM 4 $532 $133,000
    Agriculture operations loans - <$100k 3 $33 $11,000
    Agriculture operations loans - $250k-1MM 1 $499 $499,000