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, 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.

    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

    156

    Origination Dollar Volume (All Markets)

    $27,230,000

    Employee count

    136

    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 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%
    Citizens Bank Of Kentucky's top markets include Huntington, Lexington, Richmond, Knoxville, and Cape Coral among others.

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

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $14,570,000 $182,125 $0 0.00%
    Home Purchase 62 $11,800,000 $190,323 $0 0.00%
    Other 11 $755,000 $68,636 $0 0.00%
    Home Improvement 3 $105,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,850,000 $58,333 $0 0.00%
    $100k-200k 52 $7,180,000 $138,077 $0 0.00%
    $200k-400k 24 $6,520,000 $271,667 $0 0.00%
    $600k-1MM 7 $5,165,000 $737,857 $0 0.00%
    $400k-600k 6 $2,790,000 $465,000 $0 0.00%
    $1MM+ 1 $1,725,000 $1,725,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,620,000 $77,059 $0 0.00%
    $50k-75k 33 $3,275,000 $99,242 $0 0.00%
    $100k-150k 23 $3,645,000 $158,478 $0 0.00%
    $150k-250k 20 $5,030,000 $251,500 $0 0.00%
    $75k-100k 17 $2,765,000 $162,647 $0 0.00%
    $250k+ 13 $4,475,000 $344,231 $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? $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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $20,815,000 $151,934 $0 0.00%
    Not applicable 13 $5,035,000 $387,308 $0 0.00%
    Asian 2 $550,000 $275,000 $0 0.00%
    Not provided 2 $520,000 $260,000 $0 0.00%
    Vietnamese 1 $195,000 $195,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.57%

    Citizens Bank Of Kentucky has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.97%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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