Citizens Bank Of Kentucky Mortgage Rates, Fees & Info
Paintsville, KYLEI: 549300L1U2HOTC8O4K95
Tax ID: 61-0335030
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Mortgage Data
Bank Data
Review & Overview
Citizens Bank Of Kentucky is a smaller bank specializing in Refi and Home Purchase loans. Citizens Bank Of Kentucky has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Lexington, Richmond, Knoxville, and Cape Coral among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens Bank Of Kentucky 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.
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Originations
156Origination Dollar Volume (All Markets)
$27,230,000Employee count
136Top 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 |
---|---|---|---|---|---|
Outside of Metro Areas | 100 | $12,910,000 | $129,100 | $0 | 0.00% |
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 38 | $8,830,000 | $232,368 | $0 | 0.00% |
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 12 | $2,960,000 | $246,667 | $0 | 0.00% |
Richmond-Berea, KY (FHA|USDA|VA) | 2 | $1,880,000 | $940,000 | $0 | 0.00% |
KNOXVILLE, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 156 | $27,230,000 | $174,551 | $0 | 0.00% |
For 2021, Citizens Bank Of Kentucky's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2021, Citizens Bank Of Kentucky's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 62 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 156 | $27,230,000 | $174,551 | $0 | 0.00% |
For 2021, Citizens Bank Of Kentucky's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2021 saw Citizens Bank Of Kentucky place emphasis on $100,000 or less loans with 66 originations, totaling $3,850,000 in origination value.
Applicant Income
Citizens Bank Of Kentucky lent most frequently to those with incomes in the $50k or less range, with 34 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% | 156 | $27,230,000 | $174,551 | $0 | 0.00% |
Citizens Bank Of Kentucky lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.57%
Citizens Bank Of Kentucky has an average approval rate.
Pick Rate
Approvals leading to origination83.97%
Citizens Bank Of Kentucky has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 156 | $27,230,000 | $174,551 |
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 of Kentucky, Inc. | 4367 North Mayo Trail Pikeville, KY 41501 | Full Service B&M | $23,823 |
Citizens Bank of Kentucky, Inc. | 50 Franklin Corner Prestonsburg, KY 41653 | Full Service B&M | $76,917 |
Citizens Bank of Kentucky, Inc. | 167 South Carol Malone Blvd. Grayson, KY 41143 | Full Service B&M | $14,959 |
Citizens Bank of Kentucky, Inc. | 247 Hambley Blvd. Pikeville, KY 41501 | Full Service B&M | $56,502 |
Citizens Bank of Kentucky, Inc. | 333 Kentucky 321 Paintsville, KY 41240 | Full Service B&M | $62,340 |
Citizens Bank of Kentucky, Inc. | 3651 Us Hwy 2565 Louisa, KY 41230 | Full Service B&M | $42,984 |
Citizens Bank of Kentucky, Inc. | 620 Broadway Avenue Paintsville, KY 41240 | Full Service B&M | $184,122 |
Citizens Bank of Kentucky, Inc. | 6474 Kentucky 1428 Allen, KY 41601 | Full Service B&M | $16,916 |
Citizens Bank of Kentucky, Inc. | 695 Bullion Boulevard Winchester, KY 40391 | Full Service B&M | $21,545 |
Citizens Bank of Kentucky, Inc. | 735 Central Avenue Ashland, KY 41101 | Full Service B&M | $78,714 |
Citizens Bank of Kentucky, Inc. | 9674 Kentucky 122 Mc Dowell, KY 41647 | Full Service B&M | $32,933 |
Citizens Bank of Kentucky, Inc. | Route 114 East Mountain Parkway Salyersville, KY 41465 | Full Service B&M | $44,584 |
For 2021, Citizens Bank Of Kentucky had 12 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $20,585 |
Net interest income | $18,498 |
Total noninterest income | $5,393 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $1,612 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $3,781 |
Pre-tax net operating income | $6,533 |
Securities gains (or losses, -) | $11 |
Income before extraordinary items | $5,613 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $5,613 |
Minority interest net income | $0 |
Net income | $5,613 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $5,603 |
Citizens Bank Of Kentucky's gross interest income from loans was $20,585,000.
Citizens Bank Of Kentucky's net interest income from loans was $18,498,000.
Citizens Bank Of Kentucky's fee based income from loans was $1,612,000.
Citizens Bank Of Kentucky's net income from loans was $5,613,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $2,087 |
Provision for credit losses | $0 |
Total noninterest expense | $17,358 |
Salaries and employee benefits | $8,383 |
Premises and equipment expense | $2,416 |
Additional noninterest expense | $6,559 |
Applicable income taxes | $931 |
Net charge-offs | $230 |
Cash dividends | $1,600 |
Citizens Bank Of Kentucky's interest expense for loans was $2,087,000.
Citizens Bank Of Kentucky's payroll and benefits expense were $8,383,000.
Citizens Bank Of Kentucky's property, plant and equipment expenses $2,416,000.
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 | $655,864 |
Deposits held in domestic offices | $655,864 |
Deposits by Individuals, partnerships, and corporations | $589,221 |
Deposits by U.S. Government | $66 |
Deposits by States and political subdivisions in the U.S. | $64,313 |
Deposits by Commercial banks and other depository institutions in U.S. | $2,264 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $298,695 |
Demand deposits | $228,398 |
Nontransaction accounts | $357,169 |
Money market deposit accounts (MMDAs) | $136,321 |
Other savings deposits (excluding MMDAs) | $69,879 |
Total time deposits | $150,969 |
Total time and savings deposits | $427,466 |
Noninterest-bearing deposits | $201,650 |
Interest-bearing deposits | $454,214 |
Retail deposits | $614,672 |
IRAs and Keogh plan accounts | $25,343 |
Brokered deposits | $0 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $772,910 |
Cash & Balances due from depository institutions | $177,624 |
Interest-bearing balances | $162,634 |
Total securities | $211,852 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $333,798 |
Loan and leases loss allowance | $3,657 |
Trading account assets | $0 |
Bank premises and fixed assets | $13,205 |
Other real estate owned | $623 |
Goodwill and other intangibles | $15,815 |
All other assets | $19,993 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $772,910 |
Total Liabilities | $676,420 |
Total deposits | $655,864 |
Interest-bearing deposits | $454,214 |
Deposits held in domestic offices | $655,864 |
% insured (estimated) | $76 |
Federal funds purchased and repurchase agreements | $5,885 |
Trading liabilities | $0 |
Other borrowed funds | $7,508 |
Subordinated debt | $0 |
All other liabilities | $7,163 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $333,798 |
Loan and leases loss allowance | $3,657 |
Total loans and leases (domestic) | $337,455 |
All real estate loans | $288,025 |
Real estate loans in domestic offices | $288,025 |
Construction and development loans | $17,154 |
Residential 1-4 family construction | $10,415 |
Other construction, all land development and other land | $6,739 |
Loans secured by nonfarm nonresidential properties | $153,226 |
Nonfarm nonresidential secured by owner-occupied properties | $72,445 |
Commercial real estate & other non-farm, non-residential | $80,781 |
Multifamily residential real estate | $10,190 |
1-4 family residential loans | $106,846 |
Farmland loans | $609 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $35,234 |
To non-U.S. addressees | $0 |
Loans to individuals | $13,602 |
Credit card loans | $0 |
Related Plans | $200 |
Consumer Auto Loans | $1,743 |
Other loans to individuals | $11,659 |
All other loans & leases | $594 |
Loans to foreign governments and official institutions | $0 |
Other loans | $94 |
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 | $637 |
Non 1-4 family restructured loans & leases | $468 |
Total loans and leases (foreign) | $0 |
Citizens Bank of Kentucky had $333,798,000 of loans outstanding in 2021. $288,025,000 of loans were in real estate loans. $17,154,000 of loans were in development loans. $10,190,000 of loans were in multifamily mortgage loans. $106,846,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,743,000 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 | 197 | $47,185 | $239,518 |
Nonfarm, nonresidential loans - <$100k | 44 | $1,706 | $38,773 |
Nonfarm, nonresidential loans - $100-250k | 56 | $5,330 | $95,179 |
Nonfarm, nonresidential loans - $250k-1MM | 97 | $40,149 | $413,907 |
Commercial & Industrial, US addressed loans - <$1MM | 133 | $7,134 | $53,639 |
Commercial & Industrial, US addressed loans - <$100k | 93 | $2,262 | $24,323 |
Commercial & Industrial, US addressed loans - $100-250k | 25 | $1,444 | $57,760 |
Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $3,428 | $228,533 |
Farmland loans - <$1MM | 9 | $609 | $67,667 |
Farmland loans - <$100k | 6 | $303 | $50,500 |
Farmland loans - $100-250k | 2 | $275 | $137,500 |
Farmland loans - $250k-1MM | 1 | $31 | $31,000 |