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 (well, only) market is Louisville.

    United Citizens Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $3,060,000

    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) 30 $2,690,000 $89,667 $0 0.00%
    Outside of Metro Areas 6 $370,000 $61,667 $0 0.00%
    United Citizens Bank & Trust Company's top markets include and Louisville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $3,060,000 $85,000 $0 0.00%

    For 2019, United Citizens Bank & Trust Company's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $1,445,000 $76,053 $0 0.00%
    Cash Out Refi 8 $1,110,000 $138,750 $0 0.00%
    Other 4 $160,000 $40,000 $0 0.00%
    Refi 4 $270,000 $67,500 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2019, United Citizens Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $3,060,000 $85,000 $0 0.00%

    For 2019, United Citizens Bank & Trust Company's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,650,000 $58,929 $0 0.00%
    $100k-200k 6 $920,000 $153,333 $0 0.00%
    $200k-400k 2 $490,000 $245,000 $0 0.00%

    2019 saw United Citizens Bank & Trust Company place emphasis on $100,000 or less loans with 28 originations, totaling $1,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $510,000 $51,000 $0 0.00%
    $50k-75k 8 $570,000 $71,250 $0 0.00%
    $150k-250k 3 $255,000 $85,000 $0 0.00%
    $100k-150k 2 $220,000 $110,000 $0 0.00%
    $250k+ 1 $155,000 $155,000 $0 0.00%
    $75k-100k 1 $195,000 $195,000 $0 0.00%

    United Citizens Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 10 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
    Exempt% 36 $3,060,000 $85,000 $0 0.00%

    United Citizens Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $1,880,000 $78,333 $0 0.00%
    Not applicable 11 $1,155,000 $105,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.45%

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

    Pick Rate

    Approvals leading to origination
    63.89%

    United Citizens Bank & Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $3,060,000 $85,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $285,000 $285,000
    Single Family (1-4 Units):Manufactured 4 $240,000 $60,000
    Single Family (1-4 Units):Site-Built 31 $2,535,000 $81,774

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $29,472
    United Citizens Bank & Trust Company 503 Highland Avenue Carrollton, KY 41008 Full Service B&M $5,499
    United Citizens Bank & Trust Company 5364 South Main Street Eminence, KY 40019 Full Service B&M $5,210
    United Citizens Bank & Trust Company 7962 Lagrange Road Smithfield, KY 40068 Full Service B&M $15,223
    United Citizens Bank & Trust Company 8198 Main Street Campbellsburg, KY 40011 Full Service B&M $35,114

    For 2019, United Citizens Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,176
    Net interest income $4,658
    Total noninterest income $569
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $222
    Trading account gains and fees $0
    Additional Noninterest Income $347
    Pre-tax net operating income $1,877
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,528
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,528
    Minority interest net income $0
    Net income $1,528
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,528

    United Citizens Bank & Trust Company's gross interest income from loans was $5,176,000.
    United Citizens Bank & Trust Company's net interest income from loans was $4,658,000.
    United Citizens Bank & Trust Company's fee based income from loans was $222,000.
    United Citizens Bank & Trust Company's net income from loans was $1,528,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $518
    Provision for credit losses $60
    Total noninterest expense $3,290
    Salaries and employee benefits $1,966
    Premises and equipment expense $331
    Additional noninterest expense $993
    Applicable income taxes $349
    Net charge-offs $-1
    Cash dividends $685

    United Citizens Bank & Trust Company's interest expense for loans was $518,000.
    United Citizens Bank & Trust Company's payroll and benefits expense were $1,966,000.
    United Citizens Bank & Trust Company's property, plant and equipment expenses $331,000.

    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 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 5.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $90,421
    Deposits held in domestic offices $90,421
    Deposits by Individuals, partnerships, and corporations $79,845
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,576
    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 $46,825
    Demand deposits $27,808
    Nontransaction accounts $43,596
    Money market deposit accounts (MMDAs) $5,523
    Other savings deposits (excluding MMDAs) $17,394
    Total time deposits $20,678
    Total time and savings deposits $62,613
    Noninterest-bearing deposits $27,865
    Interest-bearing deposits $62,556
    Retail deposits $89,000
    IRAs and Keogh plan accounts $3,593
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $111,825
    Cash & Balances due from depository institutions $9,183
    Interest-bearing balances $7,500
    Total securities $17,121
    Federal funds sold & reverse repurchase $7,783
    Net loans and leases $74,489
    Loan and leases loss allowance $922
    Trading account assets $0
    Bank premises and fixed assets $1,147
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,102

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $111,825
    Total Liabilities $97,445
    Total deposits $90,421
    Interest-bearing deposits $62,556
    Deposits held in domestic offices $90,421
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,641
    Subordinated debt $0
    All other liabilities $383

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $74,489
    Loan and leases loss allowance $922
    Total loans and leases (domestic) $75,411
    All real estate loans $68,623
    Real estate loans in domestic offices $68,623
    Construction and development loans $5,443
    Residential 1-4 family construction $3,356
    Other construction, all land development and other land $2,087
    Loans secured by nonfarm nonresidential properties $13,281
    Nonfarm nonresidential secured by owner-occupied properties $10,453
    Commercial real estate & other non-farm, non-residential $2,828
    Multifamily residential real estate $2,241
    1-4 family residential loans $28,579
    Farmland loans $19,079
    Loans held in foreign offices $0
    Farm loans $1,794
    Commercial and industrial loans $1,982
    To non-U.S. addressees $0
    Loans to individuals $1,886
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $704
    Other loans to individuals $1,182
    All other loans & leases $1,126
    Loans to foreign governments and official institutions $0
    Other loans $125
    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 $2,903
    Non 1-4 family restructured loans & leases $2,768
    Total loans and leases (foreign) $0

    United Citizens Bank & Trust Company had $74,489,000 of loans outstanding in 2019. $68,623,000 of loans were in real estate loans. $5,443,000 of loans were in development loans. $2,241,000 of loans were in multifamily mortgage loans. $28,579,000 of loans were in 1-4 family mortgage loans. $1,794,000 of loans were in farm loans. $0 of loans were in credit card loans. $704,000 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 57 $8,555 $150,088
    Nonfarm, nonresidential loans - <$100k 23 $720 $31,304
    Nonfarm, nonresidential loans - $100-250k 20 $2,724 $136,200
    Nonfarm, nonresidential loans - $250k-1MM 14 $5,111 $365,071
    Commercial & Industrial, US addressed loans - <$1MM 58 $1,981 $34,155
    Commercial & Industrial, US addressed loans - <$100k 52 $1,306 $25,115
    Commercial & Industrial, US addressed loans - $100-250k 4 $384 $96,000
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $291 $145,500
    Farmland loans - <$1MM 148 $14,331 $96,831
    Farmland loans - <$100k 77 $2,591 $33,649
    Farmland loans - $100-250k 55 $7,278 $132,327
    Farmland loans - $250k-1MM 16 $4,462 $278,875
    Agriculture operations loans - <$1MM 94 $1,794 $19,085
    Agriculture operations loans - <$100k 89 $1,263 $14,191
    Agriculture operations loans - $100-250k 5 $531 $106,200