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, Tampa, Orlando, Cape Coral, and Okeechobee among others. We have data for 9 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)

    $26,695,000

    Employee count

    169

    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) 139 $17,875,000 $128,597 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $4,510,000 $2,255,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $1,820,000 $910,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
    Okeechobee, FL (FHA|USDA|VA) 1 $675,000 $675,000 $0 0.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Outside of Metro Areas 1 $225,000 $225,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Citizens Bank And Trust's top markets include Lakeland, Tampa, Orlando, Cape Coral, and Okeechobee among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $26,695,000 $179,161 $0 0.00%

    For 2021, 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 103 $19,185,000 $186,262 $0 0.00%
    Refi 22 $4,260,000 $193,636 $0 0.00%
    Other 13 $2,175,000 $167,308 $0 0.00%
    Home Improvement 10 $1,030,000 $103,000 $0 0.00%
    Cash Out Refi 1 $45,000 $45,000 $0 0.00%

    For 2021, Citizens Bank And Trust's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 149 $26,695,000 $179,161 $0 0.00%

    For 2021, 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 98 $5,050,000 $51,531 $0 0.00%
    $200k-400k 18 $5,100,000 $283,333 $0 0.00%
    $100k-200k 17 $2,415,000 $142,059 $0 0.00%
    $400k-600k 8 $4,090,000 $511,250 $0 0.00%
    $600k-1MM 6 $4,790,000 $798,333 $0 0.00%
    $1MM+ 2 $5,250,000 $2,625,000 $0 0.00%

    2021 saw Citizens Bank And Trust place emphasis on $100,000 or less loans with 98 originations, totaling $5,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,490,000 $83,000 $0 0.00%
    $50k or less 29 $1,475,000 $50,862 $0 0.00%
    $100k-150k 27 $3,435,000 $127,222 $0 0.00%
    $75k-100k 24 $1,810,000 $75,417 $0 0.00%
    $250k+ 16 $10,650,000 $665,625 $0 0.00%
    $150k-250k 7 $2,125,000 $303,571 $0 0.00%

    Citizens Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 149 $26,695,000 $179,161 $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 115 $18,445,000 $160,391 $0 0.00%
    Not applicable 14 $4,580,000 $327,143 $0 0.00%
    Not provided 17 $3,275,000 $192,647 $0 0.00%
    Black 2 $360,000 $180,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.26%

    Citizens Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.50%

    Citizens Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $26,695,000 $179,161

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    149 $26,695,000 $179,161

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 54 15.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 22 6.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 6 1.7%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 116 33.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 15 4.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 19 5.5%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 2.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 4 1.2%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Incorrect information on your report 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 27 7.8%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Improper use of your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Incorrect information on your report 1 0.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 3 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 13 3.7%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 2 0.6%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 3 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 $48,210
    Citizens Bank and Trust 1120 First Street South Winter Haven, FL 33880 Full Service B&M $104,807
    Citizens Bank and Trust 1450 N. Broadway Avenue Bartow, FL 33830 Full Service B&M $101,503
    Citizens Bank and Trust 1985 East Edgewood Drive Lakeland, FL 33803 Full Service B&M $69,932
    Citizens Bank and Trust 2 East Wall Street Frostproof, FL 33843 Full Service B&M $77,863
    Citizens Bank and Trust 211 Havendale Blvd Auburndale, FL 33823 Full Service B&M $73,765
    Citizens Bank and Trust 214 Weat Broadway Street Fort Meade, FL 33841 Full Service B&M $32,243
    Citizens Bank and Trust 222 State Road 60 East Lake Wales, FL 33853 Full Service B&M $148,563
    Citizens Bank and Trust 23725 Highway 27 Lake Wales, FL 33859 Full Service B&M $51,191
    Citizens Bank and Trust 36250 U.S. Highway 27 Haines City, FL 33844 Full Service B&M $86,734
    Citizens Bank and Trust 402 South Kentucky Avenue, Suite 100 Lakeland, FL 33801 Full Service B&M $65,022
    Citizens Bank and Trust 4500 Us Highway 92 East, Suite 1030 Lakeland, FL 33801 Full Service B&M $5,471
    Citizens Bank and Trust 5850 S. Florida Avenue Lakeland, FL 33813 Full Service B&M $18,892
    Citizens Bank and Trust 6340 Cypress Gardens Blvd Winter Haven, FL 33884 Full Service B&M $43,393

    For 2021, Citizens Bank And Trust had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,064
    Net interest income $31,307
    Total noninterest income $8,607
    Gross Fiduciary activities income $3,057
    Service charges on deposit accounts $1,602
    Trading account gains and fees $0
    Additional Noninterest Income $3,948
    Pre-tax net operating income $13,228
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,228
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,228
    Minority interest net income $0
    Net income $13,228
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,228

    Citizens Bank And Trust's gross interest income from loans was $32,064,000.
    Citizens Bank And Trust's net interest income from loans was $31,307,000.
    Citizens Bank And Trust's fee based income from loans was $1,602,000.
    Citizens Bank And Trust's net income from loans was $13,228,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $757
    Provision for credit losses $260
    Total noninterest expense $26,426
    Salaries and employee benefits $15,127
    Premises and equipment expense $3,487
    Additional noninterest expense $7,812
    Applicable income taxes $0
    Net charge-offs $115
    Cash dividends $4,291

    Citizens Bank And Trust's interest expense for loans was $757,000.
    Citizens Bank And Trust's payroll and benefits expense were $15,127,000.
    Citizens Bank And Trust's property, plant and equipment expenses $3,487,000.

    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 $1,086,820
    Deposits held in domestic offices $1,086,820
    Deposits by Individuals, partnerships, and corporations $955,311
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $131,509
    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 $633,121
    Demand deposits $530,370
    Nontransaction accounts $453,699
    Money market deposit accounts (MMDAs) $277,327
    Other savings deposits (excluding MMDAs) $142,876
    Total time deposits $33,495
    Total time and savings deposits $556,450
    Noninterest-bearing deposits $440,617
    Interest-bearing deposits $646,203
    Retail deposits $1,076,636
    IRAs and Keogh plan accounts $3,169
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,214,010
    Cash & Balances due from depository institutions $35,483
    Interest-bearing balances $31,002
    Total securities $654,052
    Federal funds sold & reverse repurchase $0
    Net loans and leases $492,501
    Loan and leases loss allowance $5,527
    Trading account assets $0
    Bank premises and fixed assets $10,855
    Other real estate owned $1,395
    Goodwill and other intangibles $59
    All other assets $19,665

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,214,010
    Total Liabilities $1,124,602
    Total deposits $1,086,820
    Interest-bearing deposits $646,203
    Deposits held in domestic offices $1,086,820
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $30,328
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,454

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $492,501
    Loan and leases loss allowance $5,527
    Total loans and leases (domestic) $498,028
    All real estate loans $324,961
    Real estate loans in domestic offices $324,961
    Construction and development loans $24,947
    Residential 1-4 family construction $6,549
    Other construction, all land development and other land $18,398
    Loans secured by nonfarm nonresidential properties $170,592
    Nonfarm nonresidential secured by owner-occupied properties $104,932
    Commercial real estate & other non-farm, non-residential $65,660
    Multifamily residential real estate $8,727
    1-4 family residential loans $118,829
    Farmland loans $1,866
    Loans held in foreign offices $0
    Farm loans $1,112
    Commercial and industrial loans $69,860
    To non-U.S. addressees $0
    Loans to individuals $79,187
    Credit card loans $0
    Related Plans $9,339
    Consumer Auto Loans $37,960
    Other loans to individuals $31,888
    All other loans & leases $22,908
    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 $19,024
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $671
    Non 1-4 family restructured loans & leases $245
    Total loans and leases (foreign) $0

    Citizens Bank and Trust had $492,501,000 of loans outstanding in 2021. $324,961,000 of loans were in real estate loans. $24,947,000 of loans were in development loans. $8,727,000 of loans were in multifamily mortgage loans. $118,829,000 of loans were in 1-4 family mortgage loans. $1,112,000 of loans were in farm loans. $0 of loans were in credit card loans. $37,960,000 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 154 $37,002 $240,273
    Nonfarm, nonresidential loans - <$100k 20 $954 $47,700
    Nonfarm, nonresidential loans - $100-250k 57 $7,507 $131,702
    Nonfarm, nonresidential loans - $250k-1MM 77 $28,541 $370,662
    Commercial & Industrial, US addressed loans - <$1MM 384 $30,705 $79,961
    Commercial & Industrial, US addressed loans - <$100k 225 $6,627 $29,453
    Commercial & Industrial, US addressed loans - $100-250k 85 $8,966 $105,482
    Commercial & Industrial, US addressed loans - $250k-1MM 74 $15,112 $204,216
    Farmland loans - <$1MM 8 $1,084 $135,500
    Farmland loans - <$100k 3 $3 $1,000
    Farmland loans - $100-250k 3 $269 $89,667
    Farmland loans - $250k-1MM 2 $812 $406,000