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 and Refi loans. Citizens Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Lakeland, North Port, Miami, Sebastian, and Sebring among others. We have data for 5 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

    149

    Origination Dollar Volume (All Markets)

    $18,245,000

    Employee count

    159

    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) 145 $16,565,000 $114,241 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Citizens Bank And Trust's top markets include Lakeland, North Port, Miami, Sebastian, 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 149 $18,245,000 $122,450 $0 0.00%

    For 2019, Citizens Bank And Trust's most frequently originated type of loan was Conventional, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $12,745,000 $126,188 $0 0.00%
    Refi 31 $4,635,000 $149,516 $0 0.00%
    Other 10 $600,000 $60,000 $0 0.00%
    Home Improvement 7 $265,000 $37,857 $0 0.00%

    For 2019, Citizens Bank And Trust's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 149 $18,245,000 $122,450 $0 0.00%

    For 2019, Citizens Bank And Trust's most frequently cited loan duration was Other, with 149 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $4,305,000 $44,381 $0 0.00%
    $100k-200k 23 $2,925,000 $127,174 $0 0.00%
    $200k-400k 20 $5,550,000 $277,500 $0 0.00%
    $400k-600k 5 $2,325,000 $465,000 $0 0.00%
    $600k-1MM 3 $1,885,000 $628,333 $0 0.00%
    $1MM+ 1 $1,255,000 $1,255,000 $0 0.00%

    2019 saw Citizens Bank And Trust place emphasis on $100,000 or less loans with 97 originations, totaling $4,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 47 $3,205,000 $68,191 $0 0.00%
    $50k or less 38 $1,890,000 $49,737 $0 0.00%
    $100k-150k 22 $3,860,000 $175,455 $0 0.00%
    $75k-100k 20 $2,180,000 $109,000 $0 0.00%
    $150k-250k 9 $3,135,000 $348,333 $0 0.00%
    $250k+ 5 $2,705,000 $541,000 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $50k or less, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 149 $18,245,000 $122,450 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $15,475,000 $119,961 $0 0.00%
    Not provided 11 $1,485,000 $135,000 $0 0.00%
    Not applicable 6 $1,110,000 $185,000 $0 0.00%
    Black 3 $175,000 $58,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.03%

    Citizens Bank And Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.54%

    Citizens Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $18,245,000 $122,450

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $685,000 $228,333
    Single Family (1-4 Units):Manufactured 83 $3,805,000 $45,843
    Single Family (1-4 Units):Site-Built 63 $13,755,000 $218,333

    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 and Trust 1013 Highway 542 Dundee, FL 33838 Full Service B&M $33,736
    Citizens Bank and Trust 1120 First Street South Winter Haven, FL 33880 Full Service B&M $60,008
    Citizens Bank and Trust 1450 N. Broadway Avenue Bartow, FL 33830 Full Service B&M $61,807
    Citizens Bank and Trust 1985 East Edgewood Drive Lakeland, FL 33803 Full Service B&M $50,592
    Citizens Bank and Trust 2 East Wall Street Frostproof, FL 33843 Full Service B&M $58,840
    Citizens Bank and Trust 211 Havendale Blvd Auburndale, FL 33823 Full Service B&M $40,938
    Citizens Bank and Trust 222 State Road 60 East Lake Wales, FL 33853 Full Service B&M $103,802
    Citizens Bank and Trust 23725 Highway 27 Lake Wales, FL 33859 Full Service B&M $27,287
    Citizens Bank and Trust 25 West Broadway Street Fort Meade, FL 33841 Full Service B&M $14,684
    Citizens Bank and Trust 36250 U.S. Highway 27 Haines City, FL 33844 Full Service B&M $51,192
    Citizens Bank and Trust 402 South Kentucky Avenue, Suite 100 Lakeland, FL 33801 Full Service B&M $40,191
    Citizens Bank and Trust 4500 Us Highway 92 East, Suite 1030 Lakeland, FL 33801 Full Service B&M $4,198
    Citizens Bank and Trust 5850 S. Florida Avenue Lakeland, FL 33813 Full Service B&M $145
    Citizens Bank and Trust 6340 Cypress Gardens Blvd Winter Haven, FL 33884 Full Service B&M $27,329

    For 2019, Citizens Bank And Trust had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,358
    Net interest income $23,345
    Total noninterest income $6,756
    Gross Fiduciary activities income $1,874
    Service charges on deposit accounts $1,577
    Trading account gains and fees $0
    Additional Noninterest Income $3,305
    Pre-tax net operating income $7,375
    Securities gains (or losses, -) $351
    Income before extraordinary items $7,726
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,726
    Minority interest net income $0
    Net income $7,726
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,375

    Citizens Bank And Trust's gross interest income from loans was $25,358,000.
    Citizens Bank And Trust's net interest income from loans was $23,345,000.
    Citizens Bank And Trust's fee based income from loans was $1,577,000.
    Citizens Bank And Trust's net income from loans was $7,726,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,013
    Provision for credit losses $296
    Total noninterest expense $22,430
    Salaries and employee benefits $13,396
    Premises and equipment expense $3,182
    Additional noninterest expense $5,852
    Applicable income taxes $0
    Net charge-offs $166
    Cash dividends $3,106

    Citizens Bank And Trust's interest expense for loans was $2,013,000.
    Citizens Bank And Trust's payroll and benefits expense were $13,396,000.
    Citizens Bank And Trust's property, plant and equipment expenses $3,182,000.

    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 $589,909
    Deposits held in domestic offices $589,909
    Deposits by Individuals, partnerships, and corporations $504,884
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $85,025
    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 $148,975
    Demand deposits $98,421
    Nontransaction accounts $440,934
    Money market deposit accounts (MMDAs) $339,755
    Other savings deposits (excluding MMDAs) $73,657
    Total time deposits $27,523
    Total time and savings deposits $491,488
    Noninterest-bearing deposits $232,031
    Interest-bearing deposits $357,878
    Retail deposits $584,262
    IRAs and Keogh plan accounts $3,465
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $685,963
    Cash & Balances due from depository institutions $20,837
    Interest-bearing balances $15,031
    Total securities $248,212
    Federal funds sold & reverse repurchase $0
    Net loans and leases $393,908
    Loan and leases loss allowance $3,782
    Trading account assets $0
    Bank premises and fixed assets $7,625
    Other real estate owned $1,695
    Goodwill and other intangibles $129
    All other assets $13,557

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $685,963
    Total Liabilities $627,163
    Total deposits $589,909
    Interest-bearing deposits $357,878
    Deposits held in domestic offices $589,909
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $12,040
    Trading liabilities $0
    Other borrowed funds $20,269
    Subordinated debt $0
    All other liabilities $4,945

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $393,908
    Loan and leases loss allowance $3,782
    Total loans and leases (domestic) $397,690
    All real estate loans $284,653
    Real estate loans in domestic offices $284,653
    Construction and development loans $14,330
    Residential 1-4 family construction $3,479
    Other construction, all land development and other land $10,851
    Loans secured by nonfarm nonresidential properties $155,845
    Nonfarm nonresidential secured by owner-occupied properties $124,867
    Commercial real estate & other non-farm, non-residential $30,978
    Multifamily residential real estate $6,567
    1-4 family residential loans $102,254
    Farmland loans $5,657
    Loans held in foreign offices $0
    Farm loans $687
    Commercial and industrial loans $48,477
    To non-U.S. addressees $0
    Loans to individuals $50,063
    Credit card loans $0
    Related Plans $6,921
    Consumer Auto Loans $29,106
    Other loans to individuals $14,036
    All other loans & leases $13,810
    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 $4,900
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,012
    Non 1-4 family restructured loans & leases $551
    Total loans and leases (foreign) $0

    Citizens Bank and Trust had $393,908,000 of loans outstanding in 2019. $284,653,000 of loans were in real estate loans. $14,330,000 of loans were in development loans. $6,567,000 of loans were in multifamily mortgage loans. $102,254,000 of loans were in 1-4 family mortgage loans. $687,000 of loans were in farm loans. $0 of loans were in credit card loans. $29,106,000 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 218 $52,970 $242,982
    Nonfarm, nonresidential loans - <$100k 40 $1,562 $39,050
    Nonfarm, nonresidential loans - $100-250k 69 $9,059 $131,290
    Nonfarm, nonresidential loans - $250k-1MM 109 $42,349 $388,523
    Commercial & Industrial, US addressed loans - <$1MM 440 $25,721 $58,457
    Commercial & Industrial, US addressed loans - <$100k 320 $9,024 $28,200
    Commercial & Industrial, US addressed loans - $100-250k 72 $5,234 $72,694
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $11,463 $238,813
    Farmland loans - <$1MM 18 $2,333 $129,611
    Farmland loans - <$100k 10 $240 $24,000
    Farmland loans - $100-250k 1 $235 $235,000
    Farmland loans - $250k-1MM 7 $1,858 $265,429
    Agriculture operations loans - <$1MM 2 $12 $6,000
    Agriculture operations loans - <$100k 2 $12 $6,000