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, Myrtle Beach, and Knoxville among others. We have data for 7 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

    164

    Origination Dollar Volume (All Markets)

    $38,840,000

    Employee count

    137

    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 108 $20,620,000 $190,926 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 34 $6,370,000 $187,353 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 11 $5,505,000 $500,455 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 8 $5,330,000 $666,250 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Citizens Bank Of Kentucky's top markets include Huntington, Lexington, Richmond, Myrtle Beach, and Knoxville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $38,840,000 $236,829 $0 0.00%

    For 2020, Citizens Bank Of Kentucky's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 98 $29,530,000 $301,327 $0 0.00%
    Home Purchase 52 $8,110,000 $155,962 $0 0.00%
    Other 14 $1,200,000 $85,714 $0 0.00%

    For 2020, Citizens Bank Of Kentucky's most frequently cited loan purpose was Refi, with 98 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $38,840,000 $236,829 $0 0.00%

    For 2020, Citizens Bank Of Kentucky's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,780,000 $59,063 $0 0.00%
    $100k-200k 55 $8,225,000 $149,545 $0 0.00%
    $200k-400k 27 $7,355,000 $272,407 $0 0.00%
    $400k-600k 8 $3,720,000 $465,000 $0 0.00%
    $600k-1MM 6 $4,220,000 $703,333 $0 0.00%
    $1MM+ 4 $11,540,000 $2,885,000 $0 0.00%

    2020 saw Citizens Bank Of Kentucky place emphasis on $100,000 or less loans with 64 originations, totaling $3,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,030,000 $59,706 $0 0.00%
    $75k-100k 29 $3,495,000 $120,517 $0 0.00%
    $100k-150k 27 $4,285,000 $158,704 $0 0.00%
    $150k-250k 22 $6,020,000 $273,636 $0 0.00%
    $50k-75k 20 $2,000,000 $100,000 $0 0.00%
    $250k+ 15 $4,485,000 $299,000 $0 0.00%

    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? $75k-100k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $38,840,000 $236,829 $0 0.00%

    Citizens Bank Of Kentucky lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 143 $21,675,000 $151,573 $0 0.00%
    Not applicable 15 $16,205,000 $1,080,333 $0 0.00%
    Asian 4 $770,000 $192,500 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%
    Chinese 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.55%

    Citizens Bank Of Kentucky has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.10%

    Citizens Bank Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $38,840,000 $236,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $14,985,000 $1,665,000
    Single Family (1-4 Units):Manufactured 7 $435,000 $62,143
    Single Family (1-4 Units):Site-Built 148 $23,420,000 $158,243

    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 of Kentucky, Inc. 167 South Carol Malone Blvd. Grayson, KY 41143 Full Service B&M $16,306
    Citizens Bank of Kentucky, Inc. 247 Hambley Blvd. Pikeville, KY 41501 Full Service B&M $53,807
    Citizens Bank of Kentucky, Inc. 333 Kentucky 321 Paintsville, KY 41240 Full Service B&M $51,848
    Citizens Bank of Kentucky, Inc. 3651 Us Hwy 2565 Louisa, KY 41230 Full Service B&M $40,414
    Citizens Bank of Kentucky, Inc. 4367 North Mayo Trail Pikeville, KY 41501 Full Service B&M $22,296
    Citizens Bank of Kentucky, Inc. 50 Franklin Corner Prestonsburg, KY 41653 Full Service B&M $70,012
    Citizens Bank of Kentucky, Inc. 620 Broadway Avenue Paintsville, KY 41240 Full Service B&M $185,035
    Citizens Bank of Kentucky, Inc. 6474 Kentucky 1428 Allen, KY 41601 Full Service B&M $14,858
    Citizens Bank of Kentucky, Inc. 695 Bullion Boulevard Winchester, KY 40391 Full Service B&M $20,346
    Citizens Bank of Kentucky, Inc. 735 Central Avenue Ashland, KY 41101 Full Service B&M $79,490
    Citizens Bank of Kentucky, Inc. 9674 Kentucky 122 Mc Dowell, KY 41647 Full Service B&M $28,617
    Citizens Bank of Kentucky, Inc. Route 114 East Mountain Parkway Salyersville, KY 41465 Full Service B&M $39,937

    For 2020, Citizens Bank Of Kentucky had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,718
    Net interest income $18,420
    Total noninterest income $4,446
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,660
    Trading account gains and fees $0
    Additional Noninterest Income $2,786
    Pre-tax net operating income $5,448
    Securities gains (or losses, -) $6
    Income before extraordinary items $4,934
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,934
    Minority interest net income $0
    Net income $4,934
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,928

    Citizens Bank Of Kentucky's gross interest income from loans was $22,718,000.
    Citizens Bank Of Kentucky's net interest income from loans was $18,420,000.
    Citizens Bank Of Kentucky's fee based income from loans was $1,660,000.
    Citizens Bank Of Kentucky's net income from loans was $4,934,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,298
    Provision for credit losses $347
    Total noninterest expense $17,071
    Salaries and employee benefits $7,902
    Premises and equipment expense $2,245
    Additional noninterest expense $6,924
    Applicable income taxes $520
    Net charge-offs $472
    Cash dividends $2,000

    Citizens Bank Of Kentucky's interest expense for loans was $4,298,000.
    Citizens Bank Of Kentucky's payroll and benefits expense were $7,902,000.
    Citizens Bank Of Kentucky's property, plant and equipment expenses $2,245,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    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 $618,887
    Deposits held in domestic offices $618,887
    Deposits by Individuals, partnerships, and corporations $560,698
    Deposits by U.S. Government $49
    Deposits by States and political subdivisions in the U.S. $55,795
    Deposits by Commercial banks and other depository institutions in U.S. $2,345
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $266,750
    Demand deposits $201,266
    Nontransaction accounts $352,137
    Money market deposit accounts (MMDAs) $126,237
    Other savings deposits (excluding MMDAs) $59,070
    Total time deposits $166,830
    Total time and savings deposits $417,621
    Noninterest-bearing deposits $176,467
    Interest-bearing deposits $442,420
    Retail deposits $575,995
    IRAs and Keogh plan accounts $26,665
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $737,458
    Cash & Balances due from depository institutions $170,530
    Interest-bearing balances $157,888
    Total securities $144,788
    Federal funds sold & reverse repurchase $0
    Net loans and leases $372,975
    Loan and leases loss allowance $3,887
    Trading account assets $0
    Bank premises and fixed assets $13,902
    Other real estate owned $1,249
    Goodwill and other intangibles $15,966
    All other assets $18,048

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $737,458
    Total Liabilities $642,922
    Total deposits $618,887
    Interest-bearing deposits $442,420
    Deposits held in domestic offices $618,887
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $7,760
    Trading liabilities $0
    Other borrowed funds $10,013
    Subordinated debt $0
    All other liabilities $6,262

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $372,975
    Loan and leases loss allowance $3,887
    Total loans and leases (domestic) $376,862
    All real estate loans $317,671
    Real estate loans in domestic offices $317,671
    Construction and development loans $11,546
    Residential 1-4 family construction $4,634
    Other construction, all land development and other land $6,912
    Loans secured by nonfarm nonresidential properties $176,000
    Nonfarm nonresidential secured by owner-occupied properties $84,180
    Commercial real estate & other non-farm, non-residential $91,820
    Multifamily residential real estate $12,610
    1-4 family residential loans $116,960
    Farmland loans $555
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $42,397
    To non-U.S. addressees $0
    Loans to individuals $15,763
    Credit card loans $516
    Related Plans $249
    Consumer Auto Loans $1,481
    Other loans to individuals $13,517
    All other loans & leases $1,085
    Loans to foreign governments and official institutions $0
    Other loans $115
    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 $743
    Non 1-4 family restructured loans & leases $546
    Total loans and leases (foreign) $0

    Citizens Bank of Kentucky had $372,975,000 of loans outstanding in 2020. $317,671,000 of loans were in real estate loans. $11,546,000 of loans were in development loans. $12,610,000 of loans were in multifamily mortgage loans. $116,960,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $516,000 of loans were in credit card loans. $1,481,000 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 236 $60,774 $257,517
    Nonfarm, nonresidential loans - <$100k 54 $2,164 $40,074
    Nonfarm, nonresidential loans - $100-250k 63 $6,929 $109,984
    Nonfarm, nonresidential loans - $250k-1MM 119 $51,681 $434,294
    Commercial & Industrial, US addressed loans - <$1MM 226 $15,040 $66,549
    Commercial & Industrial, US addressed loans - <$100k 149 $4,542 $30,483
    Commercial & Industrial, US addressed loans - $100-250k 52 $5,190 $99,808
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $5,308 $212,320
    Farmland loans - <$1MM 6 $555 $92,500
    Farmland loans - <$100k 2 $78 $39,000
    Farmland loans - $100-250k 3 $424 $141,333
    Farmland loans - $250k-1MM 1 $53 $53,000