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: Lexington, Huntington, Crestview, Sevierville, 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.

    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

    168

    Origination Dollar Volume (All Markets)

    $30,520,000

    Employee count

    152

    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 101 $13,515,000 $133,812 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 22 $9,120,000 $414,545 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 38 $7,000,000 $184,211 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 3 $125,000 $41,667 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Citizens Bank Of Kentucky's top markets include Lexington, Huntington, Crestview, Sevierville, and Cape Coral among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $30,520,000 $181,667 $0 0.00%

    For 2019, Citizens Bank Of Kentucky's most frequently originated type of loan was Conventional, with 168 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 96 $15,600,000 $162,500 $0 0.00%
    Home Purchase 55 $13,945,000 $253,545 $0 0.00%
    Home Improvement 11 $575,000 $52,273 $0 0.00%
    Other 6 $400,000 $66,667 $0 0.00%

    For 2019, Citizens Bank Of Kentucky's most frequently cited loan purpose was Refi, with 96 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 168 $30,520,000 $181,667 $0 0.00%

    For 2019, Citizens Bank Of Kentucky's most frequently cited loan duration was Other, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 90 $4,820,000 $53,556 $0 0.00%
    $100k-200k 41 $5,735,000 $139,878 $0 0.00%
    $200k-400k 24 $6,630,000 $276,250 $0 0.00%
    $400k-600k 5 $2,145,000 $429,000 $0 0.00%
    $600k-1MM 5 $3,855,000 $771,000 $0 0.00%
    $1MM+ 3 $7,335,000 $2,445,000 $0 0.00%

    2019 saw Citizens Bank Of Kentucky place emphasis on $100,000 or less loans with 90 originations, totaling $4,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,365,000 $60,641 $0 0.00%
    $100k-150k 28 $4,090,000 $146,071 $0 0.00%
    $50k-75k 27 $2,345,000 $86,852 $0 0.00%
    $75k-100k 25 $2,915,000 $116,600 $0 0.00%
    $250k+ 17 $5,585,000 $328,529 $0 0.00%
    $150k-250k 11 $3,575,000 $325,000 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 168 $30,520,000 $181,667 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with DTI ratios of Exempt%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $20,435,000 $139,014 $0 0.00%
    Not applicable 17 $9,375,000 $551,471 $0 0.00%
    Asian Indian 1 $255,000 $255,000 $0 0.00%
    Asian 2 $230,000 $115,000 $0 0.00%
    Black 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.31%

    Citizens Bank Of Kentucky has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.60%

    Citizens Bank Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 168 $30,520,000 $181,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $110,000 $55,000
    Multifamily:Site-Built 6 $8,590,000 $1,431,667
    Single Family (1-4 Units):Manufactured 9 $505,000 $56,111
    Single Family (1-4 Units):Site-Built 151 $21,315,000 $141,159

    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 of Kentucky, Inc. 167 South Carol Malone Blvd. Grayson, KY 41143 Full Service B&M $13,009
    Citizens Bank of Kentucky, Inc. 247 Hambley Blvd. Pikeville, KY 41501 Full Service B&M $44,834
    Citizens Bank of Kentucky, Inc. 333 Kentucky 321 Paintsville, KY 41240 Full Service B&M $44,340
    Citizens Bank of Kentucky, Inc. 3651 Us Hwy 2565 Louisa, KY 41230 Full Service B&M $33,122
    Citizens Bank of Kentucky, Inc. 4367 North Mayo Trail Pikeville, KY 41501 Full Service B&M $18,117
    Citizens Bank of Kentucky, Inc. 50 Franklin Corner Prestonsburg, KY 41653 Full Service B&M $55,354
    Citizens Bank of Kentucky, Inc. 620 Broadway Avenue Paintsville, KY 41240 Full Service B&M $162,460
    Citizens Bank of Kentucky, Inc. 6474 Kentucky 1428 Allen, KY 41601 Full Service B&M $14,033
    Citizens Bank of Kentucky, Inc. 695 Bullion Boulevard Winchester, KY 40391 Full Service B&M $17,361
    Citizens Bank of Kentucky, Inc. 735 Central Avenue Ashland, KY 41101 Full Service B&M $48,163
    Citizens Bank of Kentucky, Inc. 9674 Kentucky 122 Mc Dowell, KY 41647 Full Service B&M $24,545
    Citizens Bank of Kentucky, Inc. Route 114 East Mountain Parkway Salyersville, KY 41465 Full Service B&M $32,587

    For 2019, Citizens Bank Of Kentucky had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,836
    Net interest income $20,487
    Total noninterest income $5,495
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,105
    Trading account gains and fees $0
    Additional Noninterest Income $3,390
    Pre-tax net operating income $6,920
    Securities gains (or losses, -) $23
    Income before extraordinary items $6,371
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,371
    Minority interest net income $0
    Net income $6,371
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,349

    Citizens Bank Of Kentucky's gross interest income from loans was $24,836,000.
    Citizens Bank Of Kentucky's net interest income from loans was $20,487,000.
    Citizens Bank Of Kentucky's fee based income from loans was $2,105,000.
    Citizens Bank Of Kentucky's net income from loans was $6,371,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,349
    Provision for credit losses $1,348
    Total noninterest expense $17,714
    Salaries and employee benefits $8,476
    Premises and equipment expense $2,462
    Additional noninterest expense $6,776
    Applicable income taxes $572
    Net charge-offs $103
    Cash dividends $3,200

    Citizens Bank Of Kentucky's interest expense for loans was $4,349,000.
    Citizens Bank Of Kentucky's payroll and benefits expense were $8,476,000.
    Citizens Bank Of Kentucky's property, plant and equipment expenses $2,462,000.

    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 1.0%
    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 $544,121
    Deposits held in domestic offices $544,121
    Deposits by Individuals, partnerships, and corporations $491,874
    Deposits by U.S. Government $41
    Deposits by States and political subdivisions in the U.S. $51,470
    Deposits by Commercial banks and other depository institutions in U.S. $736
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $188,423
    Demand deposits $147,960
    Nontransaction accounts $355,698
    Money market deposit accounts (MMDAs) $96,124
    Other savings deposits (excluding MMDAs) $48,628
    Total time deposits $210,946
    Total time and savings deposits $396,161
    Noninterest-bearing deposits $125,673
    Interest-bearing deposits $418,448
    Retail deposits $482,211
    IRAs and Keogh plan accounts $25,914
    Brokered deposits $7,626
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $656,120
    Cash & Balances due from depository institutions $61,812
    Interest-bearing balances $44,432
    Total securities $142,054
    Federal funds sold & reverse repurchase $600
    Net loans and leases $397,215
    Loan and leases loss allowance $4,012
    Trading account assets $0
    Bank premises and fixed assets $13,716
    Other real estate owned $1,843
    Goodwill and other intangibles $16,117
    All other assets $22,763

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $656,120
    Total Liabilities $566,583
    Total deposits $544,121
    Interest-bearing deposits $418,448
    Deposits held in domestic offices $544,121
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $2,436
    Trading liabilities $0
    Other borrowed funds $11,622
    Subordinated debt $0
    All other liabilities $8,404

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $397,215
    Loan and leases loss allowance $4,012
    Total loans and leases (domestic) $401,227
    All real estate loans $325,214
    Real estate loans in domestic offices $325,214
    Construction and development loans $20,508
    Residential 1-4 family construction $3,778
    Other construction, all land development and other land $16,730
    Loans secured by nonfarm nonresidential properties $177,730
    Nonfarm nonresidential secured by owner-occupied properties $87,695
    Commercial real estate & other non-farm, non-residential $90,035
    Multifamily residential real estate $3,411
    1-4 family residential loans $123,048
    Farmland loans $517
    Loans held in foreign offices $0
    Farm loans $3
    Commercial and industrial loans $52,476
    To non-U.S. addressees $0
    Loans to individuals $18,743
    Credit card loans $638
    Related Plans $456
    Consumer Auto Loans $1,653
    Other loans to individuals $15,996
    All other loans & leases $4,791
    Loans to foreign governments and official institutions $0
    Other loans $132
    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 $1,533
    Non 1-4 family restructured loans & leases $627
    Total loans and leases (foreign) $0

    Citizens Bank of Kentucky had $397,215,000 of loans outstanding in 2019. $325,214,000 of loans were in real estate loans. $20,508,000 of loans were in development loans. $3,411,000 of loans were in multifamily mortgage loans. $123,048,000 of loans were in 1-4 family mortgage loans. $3,000 of loans were in farm loans. $638,000 of loans were in credit card loans. $1,653,000 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 275 $69,196 $251,622
    Nonfarm, nonresidential loans - <$100k 70 $2,661 $38,014
    Nonfarm, nonresidential loans - $100-250k 73 $8,378 $114,767
    Nonfarm, nonresidential loans - $250k-1MM 132 $58,157 $440,583
    Commercial & Industrial, US addressed loans - <$1MM 219 $14,498 $66,201
    Commercial & Industrial, US addressed loans - <$100k 146 $4,306 $29,493
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,354 $104,980
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $4,838 $219,909
    Farmland loans - <$1MM 6 $516 $86,000
    Farmland loans - <$100k 3 $116 $38,667
    Farmland loans - $100-250k 2 $323 $161,500
    Farmland loans - $250k-1MM 1 $77 $77,000
    Agriculture operations loans - <$1MM 1 $3 $3,000
    Agriculture operations loans - <$100k 1 $3 $3,000