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, Tampa, North Port, Punta Gorda, and Jacksonville among others. We have data for 10 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

    175

    Origination Dollar Volume (All Markets)

    $56,235,000

    Employee count

    161

    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) 158 $41,480,000 $262,532 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $5,245,000 $1,748,333 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $3,550,000 $887,500 $0 0.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $2,330,000 $582,500 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    Outside of Metro Areas 1 $335,000 $335,000 $0 0.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Citizens Bank And Trust's top markets include Lakeland, Tampa, North Port, Punta Gorda, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $56,235,000 $321,343 $0 0.00%

    For 2020, Citizens Bank And Trust's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $40,870,000 $352,328 $0 0.00%
    Refi 42 $13,950,000 $332,143 $0 0.00%
    Other 12 $820,000 $68,333 $0 0.00%
    Home Improvement 5 $595,000 $119,000 $0 0.00%

    For 2020, Citizens Bank And Trust's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $56,235,000 $321,343 $0 0.00%

    For 2020, Citizens Bank And Trust's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $4,535,000 $52,126 $0 0.00%
    $100k-200k 37 $5,205,000 $140,676 $0 0.00%
    $200k-400k 19 $5,635,000 $296,579 $0 0.00%
    $400k-600k 14 $6,600,000 $471,429 $0 0.00%
    $600k-1MM 10 $7,580,000 $758,000 $0 0.00%
    $1MM+ 8 $26,680,000 $3,335,000 $0 0.00%

    2020 saw Citizens Bank And Trust place emphasis on $100,000 or less loans with 87 originations, totaling $4,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $2,535,000 $61,829 $0 0.00%
    $100k-150k 29 $5,365,000 $185,000 $0 0.00%
    $50k-75k 25 $2,485,000 $99,400 $0 0.00%
    $75k-100k 24 $2,870,000 $119,583 $0 0.00%
    $250k+ 19 $12,325,000 $648,684 $0 0.00%
    $150k-250k 15 $4,495,000 $299,667 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $56,235,000 $321,343 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $27,060,000 $193,286 $0 0.00%
    Not applicable 21 $25,995,000 $1,237,857 $0 0.00%
    Not provided 12 $2,740,000 $228,333 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.23%

    Citizens Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.43%

    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 175 $56,235,000 $321,343

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $23,265,000 $3,323,571
    Single Family (1-4 Units):Manufactured 73 $3,805,000 $52,123
    Single Family (1-4 Units):Site-Built 95 $29,165,000 $307,000

    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 and Trust 1013 Highway 542 Dundee, FL 33838 Full Service B&M $37,597
    Citizens Bank and Trust 1120 First Street South Winter Haven, FL 33880 Full Service B&M $95,089
    Citizens Bank and Trust 1450 N. Broadway Avenue Bartow, FL 33830 Full Service B&M $68,360
    Citizens Bank and Trust 1985 East Edgewood Drive Lakeland, FL 33803 Full Service B&M $60,441
    Citizens Bank and Trust 2 East Wall Street Frostproof, FL 33843 Full Service B&M $72,165
    Citizens Bank and Trust 211 Havendale Blvd Auburndale, FL 33823 Full Service B&M $57,147
    Citizens Bank and Trust 214 Weat Broadway Street Fort Meade, FL 33841 Full Service B&M $29,799
    Citizens Bank and Trust 222 State Road 60 East Lake Wales, FL 33853 Full Service B&M $134,203
    Citizens Bank and Trust 23725 Highway 27 Lake Wales, FL 33859 Full Service B&M $36,922
    Citizens Bank and Trust 36250 U.S. Highway 27 Haines City, FL 33844 Full Service B&M $68,604
    Citizens Bank and Trust 402 South Kentucky Avenue, Suite 100 Lakeland, FL 33801 Full Service B&M $75,781
    Citizens Bank and Trust 4500 Us Highway 92 East, Suite 1030 Lakeland, FL 33801 Full Service B&M $4,147
    Citizens Bank and Trust 5850 S. Florida Avenue Lakeland, FL 33813 Full Service B&M $9,660
    Citizens Bank and Trust 6340 Cypress Gardens Blvd Winter Haven, FL 33884 Full Service B&M $33,777

    For 2020, Citizens Bank And Trust had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,109
    Net interest income $28,043
    Total noninterest income $7,310
    Gross Fiduciary activities income $2,030
    Service charges on deposit accounts $1,320
    Trading account gains and fees $0
    Additional Noninterest Income $3,960
    Pre-tax net operating income $8,982
    Securities gains (or losses, -) $3,179
    Income before extraordinary items $12,161
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,161
    Minority interest net income $0
    Net income $12,161
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,982

    Citizens Bank And Trust's gross interest income from loans was $29,109,000.
    Citizens Bank And Trust's net interest income from loans was $28,043,000.
    Citizens Bank And Trust's fee based income from loans was $1,320,000.
    Citizens Bank And Trust's net income from loans was $12,161,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,066
    Provision for credit losses $1,876
    Total noninterest expense $24,495
    Salaries and employee benefits $14,853
    Premises and equipment expense $3,297
    Additional noninterest expense $6,345
    Applicable income taxes $0
    Net charge-offs $277
    Cash dividends $2,599

    Citizens Bank And Trust's interest expense for loans was $1,066,000.
    Citizens Bank And Trust's payroll and benefits expense were $14,853,000.
    Citizens Bank And Trust's property, plant and equipment expenses $3,297,000.

    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 $779,745
    Deposits held in domestic offices $779,745
    Deposits by Individuals, partnerships, and corporations $683,736
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $96,009
    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 $172,814
    Demand deposits $108,392
    Nontransaction accounts $606,931
    Money market deposit accounts (MMDAs) $478,314
    Other savings deposits (excluding MMDAs) $101,028
    Total time deposits $27,589
    Total time and savings deposits $671,353
    Noninterest-bearing deposits $354,947
    Interest-bearing deposits $424,797
    Retail deposits $773,359
    IRAs and Keogh plan accounts $3,029
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $885,969
    Cash & Balances due from depository institutions $44,138
    Interest-bearing balances $32,368
    Total securities $299,589
    Federal funds sold & reverse repurchase $0
    Net loans and leases $513,215
    Loan and leases loss allowance $5,381
    Trading account assets $0
    Bank premises and fixed assets $7,987
    Other real estate owned $1,395
    Goodwill and other intangibles $91
    All other assets $19,554

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $885,969
    Total Liabilities $811,174
    Total deposits $779,745
    Interest-bearing deposits $424,797
    Deposits held in domestic offices $779,745
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $20,626
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $10,803

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $513,215
    Loan and leases loss allowance $5,381
    Total loans and leases (domestic) $518,596
    All real estate loans $323,413
    Real estate loans in domestic offices $323,413
    Construction and development loans $23,423
    Residential 1-4 family construction $3,831
    Other construction, all land development and other land $19,592
    Loans secured by nonfarm nonresidential properties $168,572
    Nonfarm nonresidential secured by owner-occupied properties $139,309
    Commercial real estate & other non-farm, non-residential $29,263
    Multifamily residential real estate $13,305
    1-4 family residential loans $113,416
    Farmland loans $4,697
    Loans held in foreign offices $0
    Farm loans $740
    Commercial and industrial loans $118,906
    To non-U.S. addressees $0
    Loans to individuals $56,515
    Credit card loans $0
    Related Plans $7,359
    Consumer Auto Loans $35,490
    Other loans to individuals $13,666
    All other loans & leases $19,023
    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 $12,042
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $636
    Non 1-4 family restructured loans & leases $190
    Total loans and leases (foreign) $0

    Citizens Bank and Trust had $513,215,000 of loans outstanding in 2020. $323,413,000 of loans were in real estate loans. $23,423,000 of loans were in development loans. $13,305,000 of loans were in multifamily mortgage loans. $113,416,000 of loans were in 1-4 family mortgage loans. $740,000 of loans were in farm loans. $0 of loans were in credit card loans. $35,490,000 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 211 $50,081 $237,351
    Nonfarm, nonresidential loans - <$100k 38 $1,367 $35,974
    Nonfarm, nonresidential loans - $100-250k 67 $8,694 $129,761
    Nonfarm, nonresidential loans - $250k-1MM 106 $40,020 $377,547
    Commercial & Industrial, US addressed loans - <$1MM 1,077 $72,397 $67,221
    Commercial & Industrial, US addressed loans - <$100k 822 $21,821 $26,546
    Commercial & Industrial, US addressed loans - $100-250k 157 $16,545 $105,382
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $34,031 $347,255
    Farmland loans - <$1MM 18 $1,826 $101,444
    Farmland loans - <$100k 10 $172 $17,200
    Farmland loans - $100-250k 2 $253 $126,500
    Farmland loans - $250k-1MM 6 $1,401 $233,500
    Agriculture operations loans - <$1MM 1 $5 $5,000
    Agriculture operations loans - <$100k 1 $5 $5,000