United Citizens Bank & Trust Company Mortgage Rates, Fees & Info

Campbellsburg, KY

LEI: 549300MIICHJBUDK6R97

Tax ID: 61-0888526

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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

    United Citizens Bank & Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. United Citizens Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Lexington, and Elizabethtown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Citizens Bank & Trust Company 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. United Citizens Bank & Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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

    43

    Origination Dollar Volume (All Markets)

    $4,865,000

    Employee count

    40

    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
    LOUISVILLE, KY (FHA|USDA|VA) 32 $4,030,000 $125,938 $1,206 5.72%
    Outside of Metro Areas 9 $605,000 $67,222 $895 5.95%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.68%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,571 4.95%
    United Citizens Bank & Trust Company's top markets include Louisville, Lexington, and Elizabethtown among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $4,865,000 $113,140 $1,171 5.75%

    For 2018, United Citizens Bank & Trust Company's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $2,790,000 $139,500 $1,272 5.66%
    Cash Out Refi 18 $1,330,000 $73,889 $907 5.69%
    Home Improvement 3 $435,000 $145,000 $2,054 6.67%
    Other 1 $45,000 $45,000 $1,007 6.75%
    Refi 1 $265,000 $265,000 $0 4.70%

    For 2018, United Citizens Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 19 $3,145,000 $165,526 $910 5.60%
    30 Year 7 $995,000 $142,143 $1,420 5.25%
    10 Year 6 $270,000 $45,000 $1,134 5.73%
    15 Year 5 $225,000 $45,000 $1,025 6.09%
    Other 3 $165,000 $55,000 $959 6.48%
    5 Year 2 $50,000 $25,000 $0 7.13%
    3 Year 1 $15,000 $15,000 $0 5.45%

    For 2018, United Citizens Bank & Trust Company's most frequently cited loan duration was 20 Year, with 19 originations. The 2nd most popular length was 30 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 14 $880,000 $62,857
    $2k-3k 1 $405,000 $405,000

    United Citizens Bank & Trust Company's average total fees were $1,420, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 21 $3,045,000 $145,000
    4-5% 12 $1,130,000 $94,167
    6-7% 6 $600,000 $100,000
    7-8% 2 $40,000 $20,000
    Over 8% 2 $50,000 $25,000

    During 2018, United Citizens Bank & Trust Company's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,425,000 $49,138 $1,015 5.78%
    $100k-200k 9 $1,145,000 $127,222 $1,328 5.63%
    $200k-400k 2 $520,000 $260,000 $0 5.85%
    $600k-1MM 2 $1,370,000 $685,000 $0 5.68%
    $400k-600k 1 $405,000 $405,000 $3,192 5.75%

    2018 saw United Citizens Bank & Trust Company place emphasis on $100,000 or less loans with 29 originations, totaling $1,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $620,000 $51,667 $1,057 5.93%
    $50k-75k 8 $610,000 $76,250 $1,127 5.94%
    $75k-100k 5 $435,000 $87,000 $817 5.37%
    $100k-150k 4 $360,000 $90,000 $1,003 6.12%
    $250k+ 4 $1,220,000 $305,000 $3,192 5.29%
    $150k-250k 2 $60,000 $30,000 $0 5.10%

    United Citizens Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 8 $660,000 $82,500 $1,498 5.86%
    20-30% 5 $495,000 $99,000 $820 5.26%
    30-36% 4 $190,000 $47,500 $1,094 6.36%
    36% 1 $55,000 $55,000 $919 5.45%
    43% 1 $35,000 $35,000 $0 4.95%
    47% 1 $95,000 $95,000 $1,170 4.70%
    49% 1 $115,000 $115,000 $0 5.45%
    50-60% 1 $35,000 $35,000 $0 8.25%

    United Citizens Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 8 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $2,950,000 $92,188 $1,187 5.80%
    Not applicable 8 $1,560,000 $195,000 $0 5.72%
    Native Hawaiian 1 $265,000 $265,000 $0 4.70%
    American Indian 1 $55,000 $55,000 $919 5.45%
    Black 1 $35,000 $35,000 $1,192 5.75%

    Approval Rates

    Total approvals of all applications
    86.21%

    United Citizens Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.72%

    United Citizens Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $4,865,000 $113,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,890,000 $472,500
    Single Family (1-4 Units):Manufactured 7 $185,000 $26,429
    Single Family (1-4 Units):Site-Built 32 $2,790,000 $87,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $470,000 $58,750 $1,042 5.78%
    40-60% 10 $1,030,000 $103,000 $1,553 5.66%
    60-80% 19 $2,525,000 $132,895 $967 5.76%
    80-100% 3 $775,000 $258,333 $0 5.88%
    Under 20% 3 $65,000 $21,667 $1,002 5.73%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Struggling to pay mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Citizens Bank & Trust Company 25 South Main Street New Castle, KY 40050 Full Service B&M $29,207
    United Citizens Bank & Trust Company 503 Highland Avenue Carrollton, KY 41008 Full Service B&M $4,560
    United Citizens Bank & Trust Company 5364 South Main Street Eminence, KY 40019 Full Service B&M $5,132
    United Citizens Bank & Trust Company 7962 Lagrange Road Smithfield, KY 40068 Full Service B&M $13,580
    United Citizens Bank & Trust Company 8198 Main Street Campbellsburg, KY 40011 Full Service B&M $35,009

    For 2018, United Citizens Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,566
    Net interest income $4,143
    Total noninterest income $569
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $249
    Trading account gains and fees $0
    Additional Noninterest Income $320
    Pre-tax net operating income $1,386
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,141
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,141
    Minority interest net income $0
    Net income $1,141
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,141

    United Citizens Bank & Trust Company's gross interest income from loans was $4,566,000.
    United Citizens Bank & Trust Company's net interest income from loans was $4,143,000.
    United Citizens Bank & Trust Company's fee based income from loans was $249,000.
    United Citizens Bank & Trust Company's net income from loans was $1,141,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $423
    Provision for credit losses $147
    Total noninterest expense $3,179
    Salaries and employee benefits $1,828
    Premises and equipment expense $328
    Additional noninterest expense $1,023
    Applicable income taxes $245
    Net charge-offs $12
    Cash dividends $575

    United Citizens Bank & Trust Company's interest expense for loans was $423,000.
    United Citizens Bank & Trust Company's payroll and benefits expense were $1,828,000.
    United Citizens Bank & Trust Company's property, plant and equipment expenses $328,000.

    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 0.0%
    Multifamily residential loans 36.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $88,046
    Deposits held in domestic offices $88,046
    Deposits by Individuals, partnerships, and corporations $78,262
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $9,779
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $46,668
    Demand deposits $27,331
    Nontransaction accounts $41,378
    Money market deposit accounts (MMDAs) $6,063
    Other savings deposits (excluding MMDAs) $17,655
    Total time deposits $17,661
    Total time and savings deposits $60,715
    Noninterest-bearing deposits $27,379
    Interest-bearing deposits $60,667
    Retail deposits $87,191
    IRAs and Keogh plan accounts $3,541
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $109,320
    Cash & Balances due from depository institutions $9,285
    Interest-bearing balances $7,065
    Total securities $18,111
    Federal funds sold & reverse repurchase $6,436
    Net loans and leases $72,301
    Loan and leases loss allowance $861
    Trading account assets $0
    Bank premises and fixed assets $1,129
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,058

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $109,320
    Total Liabilities $96,177
    Total deposits $88,046
    Interest-bearing deposits $60,667
    Deposits held in domestic offices $88,046
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,835
    Subordinated debt $0
    All other liabilities $296

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $72,301
    Loan and leases loss allowance $861
    Total loans and leases (domestic) $73,162
    All real estate loans $65,242
    Real estate loans in domestic offices $65,242
    Construction and development loans $4,741
    Residential 1-4 family construction $2,391
    Other construction, all land development and other land $2,350
    Loans secured by nonfarm nonresidential properties $14,412
    Nonfarm nonresidential secured by owner-occupied properties $11,000
    Commercial real estate & other non-farm, non-residential $3,412
    Multifamily residential real estate $2,318
    1-4 family residential loans $26,222
    Farmland loans $17,549
    Loans held in foreign offices $0
    Farm loans $1,735
    Commercial and industrial loans $2,967
    To non-U.S. addressees $0
    Loans to individuals $2,253
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $667
    Other loans to individuals $1,586
    All other loans & leases $965
    Loans to foreign governments and official institutions $0
    Other loans $93
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,292
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $287
    Non 1-4 family restructured loans & leases $287
    Total loans and leases (foreign) $0

    United Citizens Bank & Trust Company had $72,301,000 of loans outstanding in 2018. $65,242,000 of loans were in real estate loans. $4,741,000 of loans were in development loans. $2,318,000 of loans were in multifamily mortgage loans. $26,222,000 of loans were in 1-4 family mortgage loans. $1,735,000 of loans were in farm loans. $0 of loans were in credit card loans. $667,000 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 67 $11,053 $164,970
    Nonfarm, nonresidential loans - <$100k 26 $919 $35,346
    Nonfarm, nonresidential loans - $100-250k 24 $2,961 $123,375
    Nonfarm, nonresidential loans - $250k-1MM 17 $7,173 $421,941
    Commercial & Industrial, US addressed loans - <$1MM 52 $1,674 $32,192
    Commercial & Industrial, US addressed loans - <$100k 45 $991 $22,022
    Commercial & Industrial, US addressed loans - $100-250k 5 $319 $63,800
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $364 $182,000
    Farmland loans - <$1MM 146 $13,454 $92,151
    Farmland loans - <$100k 81 $2,788 $34,420
    Farmland loans - $100-250k 52 $6,942 $133,500
    Farmland loans - $250k-1MM 13 $3,724 $286,462
    Agriculture operations loans - <$1MM 93 $1,735 $18,656
    Agriculture operations loans - <$100k 88 $1,343 $15,261
    Agriculture operations loans - $100-250k 5 $392 $78,400