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 Cash Out Refi and Home Purchase loans. United Citizens Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Louisville and Bardstown .

    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

    78

    Origination Dollar Volume (All Markets)

    $15,150,000

    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) 69 $13,495,000 $195,580 $0 0.00%
    Outside of Metro Areas 7 $1,115,000 $159,286 $0 0.00%
    Bardstown, KY (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    United Citizens Bank & Trust Company's top markets include Louisville and Bardstown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $15,150,000 $194,231 $0 0.00%

    For 2020, United Citizens Bank & Trust Company's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 37 $4,835,000 $130,676 $0 0.00%
    Home Purchase 24 $7,380,000 $307,500 $0 0.00%
    Home Improvement 8 $2,060,000 $257,500 $0 0.00%
    Refi 5 $525,000 $105,000 $0 0.00%
    Other 4 $350,000 $87,500 $0 0.00%

    For 2020, United Citizens Bank & Trust Company's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $15,150,000 $194,231 $0 0.00%

    For 2020, United Citizens Bank & Trust Company's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,505,000 $64,231 $0 0.00%
    $100k-200k 22 $2,890,000 $131,364 $0 0.00%
    $200k-400k 10 $2,690,000 $269,000 $0 0.00%
    $400k-600k 4 $1,710,000 $427,500 $0 0.00%
    $1MM+ 3 $5,355,000 $1,785,000 $0 0.00%

    2020 saw United Citizens Bank & Trust Company place emphasis on $100,000 or less loans with 39 originations, totaling $2,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $1,170,000 $146,250 $0 0.00%
    $75k-100k 8 $720,000 $90,000 $0 0.00%
    $100k-150k 7 $1,155,000 $165,000 $0 0.00%
    $50k or less 5 $325,000 $65,000 $0 0.00%
    $250k+ 4 $780,000 $195,000 $0 0.00%
    $150k-250k 2 $210,000 $105,000 $0 0.00%

    United Citizens Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $15,150,000 $194,231 $0 0.00%

    United Citizens Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 44 $10,790,000 $245,227 $0 0.00%
    White 33 $4,285,000 $129,848 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.81%

    United Citizens Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.33%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $15,150,000 $194,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $5,290,000 $881,667
    Single Family (1-4 Units):Manufactured 5 $375,000 $75,000
    Single Family (1-4 Units):Site-Built 67 $9,485,000 $141,567

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 3 50.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 16.7%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 16.7%

    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 $35,250
    United Citizens Bank & Trust Company 503 Highland Avenue Carrollton, KY 41008 Full Service B&M $6,551
    United Citizens Bank & Trust Company 5364 South Main Street Eminence, KY 40019 Full Service B&M $6,967
    United Citizens Bank & Trust Company 7962 Lagrange Road Smithfield, KY 40068 Full Service B&M $17,840
    United Citizens Bank & Trust Company 8198 Main Street Campbellsburg, KY 40011 Full Service B&M $39,367

    For 2020, United Citizens Bank & Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,135
    Net interest income $4,570
    Total noninterest income $530
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $171
    Trading account gains and fees $0
    Additional Noninterest Income $359
    Pre-tax net operating income $1,572
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,296
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,296
    Minority interest net income $0
    Net income $1,296
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,296

    United Citizens Bank & Trust Company's gross interest income from loans was $5,135,000.
    United Citizens Bank & Trust Company's net interest income from loans was $4,570,000.
    United Citizens Bank & Trust Company's fee based income from loans was $171,000.
    United Citizens Bank & Trust Company's net income from loans was $1,296,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $565
    Provision for credit losses $10
    Total noninterest expense $3,518
    Salaries and employee benefits $2,102
    Premises and equipment expense $341
    Additional noninterest expense $1,075
    Applicable income taxes $276
    Net charge-offs $-11
    Cash dividends $650

    United Citizens Bank & Trust Company's interest expense for loans was $565,000.
    United Citizens Bank & Trust Company's payroll and benefits expense were $2,102,000.
    United Citizens Bank & Trust Company's property, plant and equipment expenses $341,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 11.0%
    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 3.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $112,975
    Deposits held in domestic offices $112,975
    Deposits by Individuals, partnerships, and corporations $101,837
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,138
    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 $62,608
    Demand deposits $39,983
    Nontransaction accounts $50,367
    Money market deposit accounts (MMDAs) $11,085
    Other savings deposits (excluding MMDAs) $19,336
    Total time deposits $19,946
    Total time and savings deposits $72,992
    Noninterest-bearing deposits $40,035
    Interest-bearing deposits $72,940
    Retail deposits $112,710
    IRAs and Keogh plan accounts $3,853
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,280
    Cash & Balances due from depository institutions $10,797
    Interest-bearing balances $8,784
    Total securities $14,401
    Federal funds sold & reverse repurchase $16,753
    Net loans and leases $88,964
    Loan and leases loss allowance $943
    Trading account assets $0
    Bank premises and fixed assets $1,169
    Other real estate owned $21
    Goodwill and other intangibles $0
    All other assets $2,175

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,280
    Total Liabilities $119,014
    Total deposits $112,975
    Interest-bearing deposits $72,940
    Deposits held in domestic offices $112,975
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,594
    Subordinated debt $0
    All other liabilities $445

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $88,964
    Loan and leases loss allowance $943
    Total loans and leases (domestic) $89,907
    All real estate loans $81,723
    Real estate loans in domestic offices $81,723
    Construction and development loans $9,318
    Residential 1-4 family construction $5,633
    Other construction, all land development and other land $3,685
    Loans secured by nonfarm nonresidential properties $13,735
    Nonfarm nonresidential secured by owner-occupied properties $9,650
    Commercial real estate & other non-farm, non-residential $4,085
    Multifamily residential real estate $5,660
    1-4 family residential loans $31,608
    Farmland loans $21,402
    Loans held in foreign offices $0
    Farm loans $1,364
    Commercial and industrial loans $4,146
    To non-U.S. addressees $0
    Loans to individuals $1,703
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $699
    Other loans to individuals $1,004
    All other loans & leases $971
    Loans to foreign governments and official institutions $0
    Other loans $72
    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 $55
    Non 1-4 family restructured loans & leases $4
    Total loans and leases (foreign) $0

    United Citizens Bank & Trust Company had $88,964,000 of loans outstanding in 2020. $81,723,000 of loans were in real estate loans. $9,318,000 of loans were in development loans. $5,660,000 of loans were in multifamily mortgage loans. $31,608,000 of loans were in 1-4 family mortgage loans. $1,364,000 of loans were in farm loans. $0 of loans were in credit card loans. $699,000 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 50 $8,617 $172,340
    Nonfarm, nonresidential loans - <$100k 19 $642 $33,789
    Nonfarm, nonresidential loans - $100-250k 20 $2,902 $145,100
    Nonfarm, nonresidential loans - $250k-1MM 11 $5,073 $461,182
    Commercial & Industrial, US addressed loans - <$1MM 118 $4,146 $35,136
    Commercial & Industrial, US addressed loans - <$100k 100 $2,458 $24,580
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,253 $96,385
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $435 $87,000
    Farmland loans - <$1MM 156 $16,069 $103,006
    Farmland loans - <$100k 77 $2,712 $35,221
    Farmland loans - $100-250k 59 $7,932 $134,441
    Farmland loans - $250k-1MM 20 $5,425 $271,250
    Agriculture operations loans - <$1MM 80 $1,364 $17,050
    Agriculture operations loans - <$100k 76 $1,171 $15,408
    Agriculture operations loans - $100-250k 4 $193 $48,250