Citizens Tri-county Bank Mortgage Rates, Fees & Info

Dunlap, TN

LEI: 549300RUFHC5ZQDL8J10

Tax ID: 62-0875633

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Citizens Tri-county Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Citizens Tri-county Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Chattanooga, Tullahoma, Mcminnville, Nashville, and Dayton among others. Citizens Tri-county Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Citizens Tri-county Bank is typically an average fee lendor.


Originations

787

Origination Dollar Volume (All Markets)

$116,935,000

Employee count

279

Awards

Citizens Tri-County Bank 30 Year Conventional Loans bronze Citizens Tri-County Bank 30 Year Conventional Loans silver Citizens Tri-County Bank 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Citizens Tri-county Bank's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

Citizens Tri-county Bank's average total fees for a 30 year fixed rate mortgage are $3,397.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHATTANOOGA, TN-GA (FHA|USDA|VA) 329 $53,385,000 $162,264 $2,166 4.57%
Tullahoma-Manchester, TN (FHA|USDA|VA) 159 $24,775,000 $155,818 $2,318 4.50%
Outside of Metro Areas 172 $16,770,000 $97,500 $1,562 5.52%
McMinnville, TN (FHA|USDA|VA) 64 $8,460,000 $132,188 $2,458 4.69%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 14 $3,600,000 $257,143 $3,533 3.60%
Dayton, TN (FHA|USDA|VA) 15 $2,415,000 $161,000 $2,270 4.04%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,810,000 $301,667 $2,541 4.16%
Shelbyville, TN (FHA|USDA|VA) 6 $1,660,000 $276,667 $3,601 4.18%
Scottsboro, AL (FHA|USDA|VA) 5 $725,000 $145,000 $2,351 5.61%
Crossville, TN (FHA|USDA|VA) 4 $610,000 $152,500 $2,369 4.36%
RICHMOND, VA (FHA|USDA|VA) 2 $610,000 $305,000 $2,565 3.56%
CLEVELAND, TN (FHA|USDA|VA) 3 $585,000 $195,000 $2,770 3.92%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $505,000 $505,000 $2,556 4.50%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $340,000 $170,000 $3,012 2.81%
Cookeville, TN (FHA|USDA|VA) 2 $200,000 $100,000 $876 4.75%
Lewisburg, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.99%
GAINESVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,282 3.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,447 3.25%

Citizens Tri-county Bank's top markets include Chattanooga, Tullahoma, Mcminnville, Nashville, and Dayton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 779 $115,265,000 $147,965 $2,107 4.75%
USDA 5 $865,000 $173,000 $5,129 2.88%
VA 3 $805,000 $268,333 $2,988 2.92%

For the 2021 period, Citizens Tri-county Bank's most frequently originated loan type of loans were Conventional, with 779 originations. Their 2nd most popular type is USDA, with 5 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 349 $60,535,000 $173,453 $2,576 4.60%
Cash Out Refi 227 $32,845,000 $144,692 $2,085 4.51%
Refi 147 $17,575,000 $119,558 $1,507 4.90%
Home Improvement 44 $3,500,000 $79,545 $1,192 5.75%
Other 20 $2,480,000 $124,000 $1,713 6.26%

For the 2021, Citizens Tri-county Bank's most frequently cited loan purpose of loans were Home Purchase, with 349 originations. The 2nd most popular reason of loans were Cash Out Refi, with 227 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 217 $51,765,000 $238,548 $3,397 3.11%
15 Year 200 $23,010,000 $115,050 $1,691 5.13%
20 Year 115 $19,295,000 $167,783 $1,599 5.18%
Other 112 $12,140,000 $108,393 $1,036 5.54%
10 Year 90 $5,190,000 $57,667 $1,181 5.77%
1 Year 33 $4,815,000 $145,909 $1,446 4.96%
5 Year 17 $635,000 $37,353 $1,004 6.15%
3 Year 3 $85,000 $28,333 $664 7.13%

For the 2021, Citizens Tri-county Bank's most frequently cited loan length of loans were 30 Year, with 217 originations. The 2nd most popular length of loans were 15 Year, with 200 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 470 $63,550,000 $135,213
$1k-2k 99 $20,065,000 $202,677
$2k-3k 24 $5,470,000 $227,917
$3k-4k 13 $3,425,000 $263,462
$5k+ 3 $1,435,000 $478,333

$3,397 of loans were Citizens Tri-county Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 470 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 263 $32,075,000 $121,958
3-4% 128 $34,350,000 $268,359
2.5-3% 117 $27,125,000 $231,838
6-7% 82 $6,010,000 $73,293
5-6% 66 $6,210,000 $94,091
7-8% 51 $3,025,000 $59,314
Over 8% 43 $2,645,000 $61,512
<2.5% 37 $5,495,000 $148,514

During 2021, Citizens Tri-county Bank's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 4-5%, with 263 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 358 $19,350,000 $54,050 $1,286 5.68%
$100k-200k 239 $34,265,000 $143,368 $2,324 4.25%
$200k-400k 142 $38,650,000 $272,183 $3,112 3.53%
$400k-600k 43 $20,265,000 $471,279 $3,767 3.60%
$600k-1MM 4 $2,840,000 $710,000 $4,746 3.97%
$1MM+ 1 $1,565,000 $1,565,000 $0 3.50%

2021 saw Citizens Tri-county Bank place emphasis on $100,000 or less loans with 358 originations, totaling $19,350,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 222 $16,010,000 $72,117 $1,671 5.41%
$50k-75k 181 $23,895,000 $132,017 $2,048 4.72%
$100k-150k 114 $23,210,000 $203,596 $2,792 4.07%
$75k-100k 114 $19,390,000 $170,088 $2,378 4.50%
$150k-250k 64 $14,020,000 $219,063 $2,503 4.27%
$250k+ 49 $11,145,000 $227,449 $2,618 4.66%

Citizens Tri-county Bank lent most frequently to those with incomes in the $50k or less range, with 222 originations. The second most popular income band? $50k-75k, with 181 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 201 $25,955,000 $129,129 $2,019 4.79%
30-36% 138 $22,670,000 $164,275 $2,308 4.64%
<20% 133 $15,685,000 $117,932 $1,792 4.92%
50-60% 31 $3,715,000 $119,839 $1,036 5.69%
39% 24 $3,800,000 $158,333 $2,501 4.50%
37% 24 $2,590,000 $107,917 $2,352 4.47%
42% 23 $3,765,000 $163,696 $2,203 4.81%
>60% 22 $2,730,000 $124,091 $1,609 5.64%
36% 21 $2,885,000 $137,381 $1,931 4.61%
41% 21 $4,155,000 $197,857 $3,003 5.16%
40% 18 $3,530,000 $196,111 $2,978 4.40%
44% 18 $2,280,000 $126,667 $1,673 4.78%
38% 16 $3,340,000 $208,750 $2,938 3.46%
46% 11 $1,795,000 $163,182 $2,760 3.98%
45% 11 $2,345,000 $213,182 $2,617 4.12%
49% 10 $1,590,000 $159,000 $2,123 5.27%
43% 10 $2,700,000 $270,000 $3,251 3.28%
47% 9 $1,355,000 $150,556 $3,354 3.66%
48% 6 $1,310,000 $218,333 $2,560 4.80%

Citizens Tri-county Bank lent most frequently to those with DTI ratios of 20-30%, with 201 originations. The next most common DTI ratio? 30-36%, with 138 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 680 $98,560,000 $144,941 $2,118 4.75%
Not provided 44 $7,220,000 $164,091 $2,176 4.44%
Not applicable 34 $6,370,000 $187,353 $0 4.56%
Black 17 $1,895,000 $111,471 $1,613 5.40%
American Indian 5 $1,665,000 $333,000 $4,427 3.25%
Asian Indian 3 $785,000 $261,667 $3,139 4.21%
Asian 3 $395,000 $131,667 $1,437 3.65%
Other Pacific Islander 1 $45,000 $45,000 $0 10.05%

Approval Rates

Total approvals of all applications
88.60%

Citizens Tri-county Bank has an average approval rate.

Pick Rate

Approvals leading to origination
76.78%

Citizens Tri-county Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
150.0 2 $20,000 $10,000
250.0 3 $195,000 $65,000
400.0 6 $200,000 $33,333
NA 776 $116,520,000 $150,155

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
787 $116,935,000 $148,583

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 115 $9,695,000 $84,304 $1,614 4.97%
40-60% 182 $23,420,000 $128,681 $1,955 4.83%
60-80% 316 $56,080,000 $177,468 $2,242 4.63%
80-100% 141 $25,915,000 $183,794 $2,822 4.46%
Over 100% 3 $195,000 $65,000 $1,501 7.00%
Under 20% 30 $1,630,000 $54,333 $1,237 5.33%

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 Tri-County Bank Oak And Colyar Streets Tracy City, TN 37387 Full Service B&M $37,569
Citizens Tri-County Bank 101 West Main Street Mcminnville, TN 37110 Full Service B&M $58,915
Citizens Tri-County Bank 105 Front Street South Cowan, TN 37318 Full Service B&M $7,429
Citizens Tri-County Bank 1100 New Smithville Hwy, Suite 700 Mcminnville, TN 37110 Full Service B&M $14,638
Citizens Tri-County Bank 1306 Taft Highway Signal Mountain, TN 37377 Full Service B&M $52,229
Citizens Tri-County Bank 14087 Highway 28 North Whitwell, TN 37397 Full Service B&M $46,438
Citizens Tri-County Bank 1548 Main Street Altamont, TN 37301 Full Service B&M $71,699
Citizens Tri-County Bank 15699 Rankin Avenue Dunlap, TN 37327 Full Service B&M $204,846
Citizens Tri-County Bank 201 N Jackson St Tullahoma, TN 37388 Full Service B&M $98,023
Citizens Tri-County Bank 2030 Decherd Boulevard Decherd, TN 37324 Full Service B&M $69,042
Citizens Tri-County Bank 25709 State Route 56 Coalmont, TN 37313 Limited, Drive-thru $0
Citizens Tri-County Bank 3468 Main St. Pikeville, TN 37367 Full Service B&M $60,929
Citizens Tri-County Bank 36 Resource Road, Industrial Park Dunlap, TN 37327 Limited, Drive-thru $0
Citizens Tri-County Bank 402 Cedar Avenue South Pittsburg, TN 37380 Full Service B&M $43,102
Citizens Tri-County Bank 416 Railroad Avenue Tracy City, TN 37387 Full Service B&M $14,348
Citizens Tri-County Bank 437 Alexian Way Signal Mountain, TN 37377 Full Service B&M $0
Citizens Tri-County Bank 4765 Main Street Jasper, TN 37347 Full Service B&M $74,465
Citizens Tri-County Bank 489 Spring Street Spencer, TN 38585 Full Service B&M $52,269
Citizens Tri-County Bank 5248 Manchester Highway Morrison, TN 37357 Full Service B&M $17,093
Citizens Tri-County Bank 701 Kings Lane Tullahoma, TN 37388 Limited, Drive-thru $0
Citizens Tri-County Bank 711 Main St. Palmer, TN 37365 Full Service B&M $24,147
Citizens Tri-County Bank 80 East Main Street Monteagle, TN 37356 Full Service B&M $33,197
Citizens Tri-County Bank 8575 Dayton Pike Soddy Daisy, TN 37379 Full Service B&M $43,409
Citizens Tri-County Bank 900 Beersheba Highway Mc Minnville, TN 37110 Limited, Drive-thru $0
Citizens Tri-County Bank State Highway 28 And Us Highway 127, 7312 Sr28 Dunlap, TN 37327 Limited, Drive-thru $0

For 2021, Citizens Tri-county Bank had 25 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $43,688
Net interest income $39,207
Total noninterest income $10,000
Gross Fiduciary activities income $0
Service charges on deposit accounts $4,056
Trading account gains and fees $0
Additional Noninterest Income $5,944
Pre-tax net operating income $21,451
Securities gains (or losses, -) $9
Income before extraordinary items $21,210
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $21,210
Minority interest net income $0
Net income $21,210
Sale, conversion, retirement of capital stock, net $0
Net operating income $21,201

Citizens Tri-county Bank's gross interest income from loans was $43,688,000.
Citizens Tri-county Bank's net interest income from loans was $39,207,000.
Citizens Tri-county Bank's fee based income from loans was $4,056,000.
Citizens Tri-county Bank's net income from loans was $21,210,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,481
Provision for credit losses $1,043
Total noninterest expense $26,713
Salaries and employee benefits $17,122
Premises and equipment expense $3,771
Additional noninterest expense $5,820
Applicable income taxes $250
Net charge-offs $-309
Cash dividends $9,000

Citizens Tri-county Bank's interest expense for loans was $4,481,000.
Citizens Tri-county Bank's payroll and benefits expense were $17,122,000.
Citizens Tri-county Bank's property, plant and equipment expenses $3,771,000.

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 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 1.3%
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 $1,074,057
Deposits held in domestic offices $1,074,057
Deposits by Individuals, partnerships, and corporations $931,457
Deposits by U.S. Government $1
Deposits by States and political subdivisions in the U.S. $141,613
Deposits by Commercial banks and other depository institutions in U.S. $986
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $509,790
Demand deposits $280,270
Nontransaction accounts $564,267
Money market deposit accounts (MMDAs) $84,343
Other savings deposits (excluding MMDAs) $215,252
Total time deposits $264,672
Total time and savings deposits $793,787
Noninterest-bearing deposits $281,139
Interest-bearing deposits $792,918
Retail deposits $1,015,892
IRAs and Keogh plan accounts $56,122
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,195,244
Cash & Balances due from depository institutions $174,512
Interest-bearing balances $143,361
Total securities $297,688
Federal funds sold & reverse repurchase $0
Net loans and leases $680,720
Loan and leases loss allowance $10,647
Trading account assets $0
Bank premises and fixed assets $12,592
Other real estate owned $140
Goodwill and other intangibles $5,610
All other assets $23,982

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,195,244
Total Liabilities $1,081,467
Total deposits $1,074,057
Interest-bearing deposits $792,918
Deposits held in domestic offices $1,074,057
% insured (estimated) $78
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $7,410

Issued Loan Types

Type Value (in 000's)
Net loans and leases $680,720
Loan and leases loss allowance $10,647
Total loans and leases (domestic) $691,367
All real estate loans $512,833
Real estate loans in domestic offices $512,833
Construction and development loans $162,412
Residential 1-4 family construction $61,428
Other construction, all land development and other land $100,984
Loans secured by nonfarm nonresidential properties $131,509
Nonfarm nonresidential secured by owner-occupied properties $48,966
Commercial real estate & other non-farm, non-residential $82,543
Multifamily residential real estate $3,937
1-4 family residential loans $190,688
Farmland loans $24,287
Loans held in foreign offices $0
Farm loans $452
Commercial and industrial loans $50,128
To non-U.S. addressees $0
Loans to individuals $98,540
Credit card loans $755
Related Plans $0
Consumer Auto Loans $20,141
Other loans to individuals $77,644
All other loans & leases $29,414
Loans to foreign governments and official institutions $0
Other loans $4,298
Loans to depository institutions and acceptances of other banks $6,000
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Citizens Tri-County Bank had $680,720,000 of loans outstanding in 2021. $512,833,000 of loans were in real estate loans. $162,412,000 of loans were in development loans. $3,937,000 of loans were in multifamily mortgage loans. $190,688,000 of loans were in 1-4 family mortgage loans. $452,000 of loans were in farm loans. $755,000 of loans were in credit card loans. $20,141,000 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 350 $69,202 $197,720
Nonfarm, nonresidential loans - <$100k 124 $4,992 $40,258
Nonfarm, nonresidential loans - $100-250k 112 $14,473 $129,223
Nonfarm, nonresidential loans - $250k-1MM 114 $49,737 $436,289
Commercial & Industrial, US addressed loans - <$1MM 131 $9,798 $74,794
Commercial & Industrial, US addressed loans - <$100k 90 $2,674 $29,711
Commercial & Industrial, US addressed loans - $100-250k 26 $2,568 $98,769
Commercial & Industrial, US addressed loans - $250k-1MM 15 $4,556 $303,733
Farmland loans - <$1MM 173 $17,659 $102,075
Farmland loans - <$100k 99 $4,082 $41,232
Farmland loans - $100-250k 52 $7,207 $138,596
Farmland loans - $250k-1MM 22 $6,370 $289,545
Agriculture operations loans - <$1MM 19 $452 $23,789
Agriculture operations loans - <$100k 18 $351 $19,500
Agriculture operations loans - $100-250k 1 $101 $101,000