City Bank & Trust Co. Mortgage Rates, Fees & Info
Crete, NELEI: 549300OUJRW41FX1L002
Tax ID: 47-0126890
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Mortgage Data
Review & Overview
City Bank & Trust Co. is a smaller bank specializing in Refi and Home Purchase loans. City Bank & Trust Co. has a high proportion of conventional loans. Their top (well, only) market is Lincoln.City Bank & Trust Co. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
72Origination Dollar Volume (All Markets)
$14,220,000Top 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 |
|---|---|---|---|---|---|
| LINCOLN, NE (FHA|USDA|VA) | 50 | $9,950,000 | $199,000 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $4,270,000 | $194,091 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $14,220,000 | $197,500 | $0 | 0.00% |
For 2019, City Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 40 | $5,150,000 | $128,750 | $0 | 0.00% |
| Home Purchase | 31 | $8,965,000 | $289,194 | $0 | 0.00% |
| Home Improvement | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2019, City Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $14,220,000 | $197,500 | $0 | 0.00% |
For 2019, City Bank & Trust Co.'s most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2019 saw City Bank & Trust Co. place emphasis on $100k-200k loans with 34 originations, totaling $4,660,000 in origination value.
Applicant Income
City Bank & Trust Co. lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $14,220,000 | $197,500 | $0 | 0.00% |
City Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 48 | $10,750,000 | $223,958 | $0 | 0.00% |
| White | 24 | $3,470,000 | $144,583 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
City Bank & Trust Co. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.06%
City Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $14,220,000 | $197,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 18 | $7,410,000 | $411,667 |
| Single Family (1-4 Units):Site-Built | 54 | $6,810,000 | $126,111 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CATHAY BANK | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| CATHAY BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |