Citizens Bank Of Kentucky Mortgage Rates, Fees & Info

Paintsville, KY

LEI: 549300L1U2HOTC8O4K95

Tax ID: 61-0335030

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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 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, Deltona, and Johnson City among others. We have data for 10 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.

    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)

    $36,875,000

    Employee count

    145

    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
    Outside of Metro Areas 89 $16,955,000 $190,506 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 34 $10,090,000 $296,765 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 19 $6,275,000 $330,263 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 0.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Danville, KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Citizens Bank Of Kentucky's top markets include Huntington, Lexington, Richmond, Deltona, and Johnson City among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $36,875,000 $247,483 $0 0.00%

    For 2018, Citizens Bank Of Kentucky'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
    Refi 69 $20,635,000 $299,058 $0 0.00%
    Home Purchase 62 $14,860,000 $239,677 $0 0.00%
    Other 8 $340,000 $42,500 $0 0.00%
    Cash Out Refi 8 $950,000 $118,750 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%

    For 2018, Citizens Bank Of Kentucky's most frequently cited loan purpose was Refi, with 69 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 149 $36,875,000 $247,483 $0 0.00%

    For 2018, Citizens Bank Of Kentucky'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 57 $3,115,000 $54,649 $0 0.00%
    $100k-200k 51 $7,305,000 $143,235 $0 0.00%
    $200k-400k 17 $4,865,000 $286,176 $0 0.00%
    $400k-600k 11 $5,175,000 $470,455 $0 0.00%
    $1MM+ 8 $12,250,000 $1,531,250 $0 0.00%
    $600k-1MM 5 $4,165,000 $833,000 $0 0.00%

    2018 saw Citizens Bank Of Kentucky place emphasis on $100,000 or less loans with 57 originations, totaling $3,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 26 $3,550,000 $136,538 $0 0.00%
    $50k or less 25 $1,845,000 $73,800 $0 0.00%
    $50k-75k 22 $2,460,000 $111,818 $0 0.00%
    $250k+ 20 $13,360,000 $668,000 $0 0.00%
    $100k-150k 14 $2,080,000 $148,571 $0 0.00%
    $150k-250k 11 $4,005,000 $364,091 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $50k or less, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 149 $36,875,000 $247,483 $0 0.00%

    Citizens Bank Of Kentucky 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 117 $25,625,000 $219,017 $0 0.00%
    Not applicable 29 $9,375,000 $323,276 $0 0.00%
    Asian Indian 2 $1,630,000 $815,000 $0 0.00%
    Asian 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.52%

    Citizens Bank Of Kentucky has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.84%

    Citizens Bank Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $36,875,000 $247,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $10,495,000 $807,308
    Single Family (1-4 Units):Manufactured 13 $665,000 $51,154
    Single Family (1-4 Units):Site-Built 123 $25,715,000 $209,065

    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 of Kentucky, Inc. 167 South Carol Malone Blvd. Grayson, KY 41143 Full Service B&M $14,059
    Citizens Bank of Kentucky, Inc. 247 Hambley Blvd. Pikeville, KY 41501 Full Service B&M $42,602
    Citizens Bank of Kentucky, Inc. 333 Kentucky 321 Paintsville, KY 41240 Full Service B&M $43,378
    Citizens Bank of Kentucky, Inc. 3651 Us Hwy 2565 Louisa, KY 41230 Full Service B&M $30,806
    Citizens Bank of Kentucky, Inc. 4367 North Mayo Trail Pikeville, KY 41501 Full Service B&M $18,216
    Citizens Bank of Kentucky, Inc. 50 Franklin Corner Prestonsburg, KY 41653 Full Service B&M $53,520
    Citizens Bank of Kentucky, Inc. 620 Broadway Avenue Paintsville, KY 41240 Full Service B&M $149,743
    Citizens Bank of Kentucky, Inc. 6474 Kentucky 1428 Allen, KY 41601 Full Service B&M $13,716
    Citizens Bank of Kentucky, Inc. 695 Bullion Boulevard Winchester, KY 40391 Full Service B&M $20,091
    Citizens Bank of Kentucky, Inc. 735 Central Avenue Ashland, KY 41101 Full Service B&M $47,949
    Citizens Bank of Kentucky, Inc. 9674 Kentucky 122 Mc Dowell, KY 41647 Full Service B&M $23,165
    Citizens Bank of Kentucky, Inc. Route 114 East Mountain Parkway Salyersville, KY 41465 Full Service B&M $27,746

    For 2018, Citizens Bank Of Kentucky had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,288
    Net interest income $19,251
    Total noninterest income $5,427
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,490
    Trading account gains and fees $0
    Additional Noninterest Income $2,937
    Pre-tax net operating income $6,445
    Securities gains (or losses, -) $82
    Income before extraordinary items $5,798
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,798
    Minority interest net income $0
    Net income $5,798
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,725

    Citizens Bank Of Kentucky's gross interest income from loans was $22,288,000.
    Citizens Bank Of Kentucky's net interest income from loans was $19,251,000.
    Citizens Bank Of Kentucky's fee based income from loans was $2,490,000.
    Citizens Bank Of Kentucky's net income from loans was $5,798,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,037
    Provision for credit losses $500
    Total noninterest expense $17,733
    Salaries and employee benefits $8,425
    Premises and equipment expense $2,356
    Additional noninterest expense $6,952
    Applicable income taxes $729
    Net charge-offs $724
    Cash dividends $3,200

    Citizens Bank Of Kentucky's interest expense for loans was $3,037,000.
    Citizens Bank Of Kentucky's payroll and benefits expense were $8,425,000.
    Citizens Bank Of Kentucky's property, plant and equipment expenses $2,356,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $483,044
    Deposits held in domestic offices $483,044
    Deposits by Individuals, partnerships, and corporations $434,355
    Deposits by U.S. Government $142
    Deposits by States and political subdivisions in the U.S. $48,178
    Deposits by Commercial banks and other depository institutions in U.S. $369
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $186,782
    Demand deposits $151,030
    Nontransaction accounts $296,262
    Money market deposit accounts (MMDAs) $95,860
    Other savings deposits (excluding MMDAs) $43,597
    Total time deposits $156,805
    Total time and savings deposits $332,014
    Noninterest-bearing deposits $120,206
    Interest-bearing deposits $362,838
    Retail deposits $444,522
    IRAs and Keogh plan accounts $24,165
    Brokered deposits $2,726
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $589,527
    Cash & Balances due from depository institutions $17,844
    Interest-bearing balances $5,901
    Total securities $139,493
    Federal funds sold & reverse repurchase $0
    Net loans and leases $379,982
    Loan and leases loss allowance $2,767
    Trading account assets $0
    Bank premises and fixed assets $13,802
    Other real estate owned $393
    Goodwill and other intangibles $16,267
    All other assets $21,746

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $589,527
    Total Liabilities $506,603
    Total deposits $483,044
    Interest-bearing deposits $362,838
    Deposits held in domestic offices $483,044
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $2,371
    Trading liabilities $0
    Other borrowed funds $14,126
    Subordinated debt $0
    All other liabilities $7,062

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $379,982
    Loan and leases loss allowance $2,767
    Total loans and leases (domestic) $382,749
    All real estate loans $315,556
    Real estate loans in domestic offices $315,556
    Construction and development loans $41,792
    Residential 1-4 family construction $2,880
    Other construction, all land development and other land $38,912
    Loans secured by nonfarm nonresidential properties $147,358
    Nonfarm nonresidential secured by owner-occupied properties $75,816
    Commercial real estate & other non-farm, non-residential $71,542
    Multifamily residential real estate $3,966
    1-4 family residential loans $121,827
    Farmland loans $613
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $41,719
    To non-U.S. addressees $0
    Loans to individuals $20,262
    Credit card loans $548
    Related Plans $441
    Consumer Auto Loans $1,077
    Other loans to individuals $18,196
    All other loans & leases $5,401
    Loans to foreign governments and official institutions $0
    Other loans $420
    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 $1,646
    Non 1-4 family restructured loans & leases $802
    Total loans and leases (foreign) $0

    Citizens Bank of Kentucky had $379,982,000 of loans outstanding in 2018. $315,556,000 of loans were in real estate loans. $41,792,000 of loans were in development loans. $3,966,000 of loans were in multifamily mortgage loans. $121,827,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $548,000 of loans were in credit card loans. $1,077,000 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 257 $61,953 $241,062
    Nonfarm, nonresidential loans - <$100k 73 $2,924 $40,055
    Nonfarm, nonresidential loans - $100-250k 70 $8,393 $119,900
    Nonfarm, nonresidential loans - $250k-1MM 114 $50,636 $444,175
    Commercial & Industrial, US addressed loans - <$1MM 223 $17,065 $76,525
    Commercial & Industrial, US addressed loans - <$100k 150 $4,054 $27,027
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,167 $99,214
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $8,844 $285,290
    Farmland loans - <$1MM 7 $613 $87,571
    Farmland loans - <$100k 4 $172 $43,000
    Farmland loans - $100-250k 2 $339 $169,500
    Farmland loans - $250k-1MM 1 $102 $102,000