First Citizens Bank Mortgage Rates, Fees & Info

Luverne, AL

LEI: 549300ZX7CMZ93QCZQ91

Tax ID: 63-0789504

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Mortgage Data

Bank Data

Review & Overview

First Citizens Bank is a smaller bank specializing in Refi and Home Purchase loans. First Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Daphne, Troy, Enterprise, and Atmore among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Citizens Bank has an 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

127

Origination Dollar Volume (All Markets)

$10,425,000

Employee count

64

Top Markets

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  • $250mm
  • $500mm
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    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
    Outside of Metro Areas 98 $6,830,000 $69,694 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 13 $1,515,000 $116,538 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Troy, AL (FHA|USDA|VA) 4 $440,000 $110,000 $0 0.00%
    Enterprise, AL (FHA|USDA|VA) 4 $410,000 $102,500 $0 0.00%
    Atmore, AL (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $5,000 $5,000 $0 0.00%
    First Citizens Bank's top markets include Montgomery, Daphne, Troy, Enterprise, and Atmore among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $10,425,000 $82,087 $0 0.00%

    For 2019, First Citizens Bank's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 52 $5,110,000 $98,269 $0 0.00%
    Home Purchase 50 $4,270,000 $85,400 $0 0.00%
    Other 14 $690,000 $49,286 $0 0.00%
    Home Improvement 11 $355,000 $32,273 $0 0.00%

    For 2019, First Citizens Bank's most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $10,425,000 $82,087 $0 0.00%

    For 2019, First Citizens Bank's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $3,560,000 $37,083 $0 0.00%
    $100k-200k 17 $2,315,000 $136,176 $0 0.00%
    $200k-400k 11 $3,145,000 $285,909 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%

    2019 saw First Citizens Bank place emphasis on $100,000 or less loans with 96 originations, totaling $3,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 54 $2,120,000 $39,259 $0 0.00%
    $50k-75k 22 $1,440,000 $65,455 $0 0.00%
    $75k-100k 20 $2,530,000 $126,500 $0 0.00%
    $100k-150k 10 $760,000 $76,000 $0 0.00%
    $150k-250k 9 $1,815,000 $201,667 $0 0.00%
    $250k+ 4 $870,000 $217,500 $0 0.00%

    First Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $10,425,000 $82,087 $0 0.00%

    First Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $8,360,000 $88,936 $0 0.00%
    Not applicable 8 $890,000 $111,250 $0 0.00%
    Black 24 $860,000 $35,833 $0 0.00%
    Asian 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.67%

    First Citizens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.64%

    First Citizens Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $10,425,000 $82,087

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 44 $1,680,000 $38,182
    Single Family (1-4 Units):Site-Built 82 $8,640,000 $105,366

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Conventional home mortgage Closing on a mortgage 1 9.1%
    FIRST CITIZENS BANCSHARES, INC. Other type of mortgage Trouble during payment process 1 9.1%
    FIRST CITIZENS BANCSHARES, INC. Other type of mortgage Struggling to pay mortgage 1 9.1%
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 9.1%
    FIRST CITIZENS BANCSHARES, INC. FHA mortgage Struggling to pay mortgage 1 9.1%
    FIRST CITIZENS BANCSHARES, INC. Conventional home mortgage Trouble during payment process 3 27.3%
    FIRST CITIZENS BANCSHARES, INC. Conventional home mortgage Struggling to pay mortgage 3 27.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Citizens Bank 100 West Third Street Luverne, AL 36049 Full Service B&M $93,655
    First Citizens Bank 115 West Old Fort Rd Fort Deposit, AL 36032 Full Service B&M $10,585
    First Citizens Bank 17823 Montgomery Hwy Highland Home, AL 36041 Full Service B&M $13,775
    First Citizens Bank 40 Lafayette Street East Hayneville, AL 36040 Full Service B&M $42,261
    First Citizens Bank 475 Greenville Bypass Greenville, AL 36037 Full Service B&M $38,808

    For 2019, First Citizens Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,685
    Net interest income $10,029
    Total noninterest income $2,001
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $727
    Trading account gains and fees $0
    Additional Noninterest Income $1,274
    Pre-tax net operating income $4,539
    Securities gains (or losses, -) $27
    Income before extraordinary items $3,656
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,656
    Minority interest net income $0
    Net income $3,656
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,634

    First Citizens Bank's gross interest income from loans was $11,685,000.
    First Citizens Bank's net interest income from loans was $10,029,000.
    First Citizens Bank's fee based income from loans was $727,000.
    First Citizens Bank's net income from loans was $3,656,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,656
    Provision for credit losses $200
    Total noninterest expense $7,291
    Salaries and employee benefits $3,924
    Premises and equipment expense $743
    Additional noninterest expense $2,624
    Applicable income taxes $910
    Net charge-offs $134
    Cash dividends $975

    First Citizens Bank's interest expense for loans was $1,656,000.
    First Citizens Bank's payroll and benefits expense were $3,924,000.
    First Citizens Bank's property, plant and equipment expenses $743,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $196,862
    Deposits held in domestic offices $196,862
    Deposits by Individuals, partnerships, and corporations $143,093
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,770
    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 $88,610
    Demand deposits $49,390
    Nontransaction accounts $108,253
    Money market deposit accounts (MMDAs) $17,331
    Other savings deposits (excluding MMDAs) $20,891
    Total time deposits $70,030
    Total time and savings deposits $147,473
    Noninterest-bearing deposits $49,417
    Interest-bearing deposits $147,445
    Retail deposits $176,997
    IRAs and Keogh plan accounts $7,405
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $245,886
    Cash & Balances due from depository institutions $6,568
    Interest-bearing balances $809
    Total securities $67,999
    Federal funds sold & reverse repurchase $7,240
    Net loans and leases $148,561
    Loan and leases loss allowance $2,681
    Trading account assets $0
    Bank premises and fixed assets $4,427
    Other real estate owned $5
    Goodwill and other intangibles $543
    All other assets $10,543

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $245,886
    Total Liabilities $210,525
    Total deposits $196,862
    Interest-bearing deposits $147,445
    Deposits held in domestic offices $196,862
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $3,900
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $4,763

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $148,561
    Loan and leases loss allowance $2,681
    Total loans and leases (domestic) $151,242
    All real estate loans $105,875
    Real estate loans in domestic offices $105,875
    Construction and development loans $11,648
    Residential 1-4 family construction $4,313
    Other construction, all land development and other land $7,335
    Loans secured by nonfarm nonresidential properties $39,316
    Nonfarm nonresidential secured by owner-occupied properties $24,484
    Commercial real estate & other non-farm, non-residential $14,832
    Multifamily residential real estate $6,715
    1-4 family residential loans $36,044
    Farmland loans $12,152
    Loans held in foreign offices $0
    Farm loans $8,307
    Commercial and industrial loans $21,521
    To non-U.S. addressees $0
    Loans to individuals $12,638
    Credit card loans $1,108
    Related Plans $0
    Consumer Auto Loans $3,328
    Other loans to individuals $8,202
    All other loans & leases $2,901
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $386
    Non 1-4 family restructured loans & leases $28
    Total loans and leases (foreign) $0

    First Citizens Bank had $148,561,000 of loans outstanding in 2019. $105,875,000 of loans were in real estate loans. $11,648,000 of loans were in development loans. $6,715,000 of loans were in multifamily mortgage loans. $36,044,000 of loans were in 1-4 family mortgage loans. $8,307,000 of loans were in farm loans. $1,108,000 of loans were in credit card loans. $3,328,000 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 134 $23,779 $177,455
    Nonfarm, nonresidential loans - <$100k 55 $2,024 $36,800
    Nonfarm, nonresidential loans - $100-250k 40 $4,830 $120,750
    Nonfarm, nonresidential loans - $250k-1MM 39 $16,925 $433,974
    Commercial & Industrial, US addressed loans - <$1MM 313 $18,077 $57,754
    Commercial & Industrial, US addressed loans - <$100k 256 $5,258 $20,539
    Commercial & Industrial, US addressed loans - $100-250k 29 $2,935 $101,207
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $9,884 $353,000
    Farmland loans - <$1MM 148 $6,340 $42,838
    Farmland loans - <$100k 129 $4,042 $31,333
    Farmland loans - $100-250k 18 $2,013 $111,833
    Farmland loans - $250k-1MM 1 $285 $285,000
    Agriculture operations loans - <$1MM 191 $6,263 $32,791
    Agriculture operations loans - <$100k 176 $3,539 $20,108
    Agriculture operations loans - $100-250k 9 $930 $103,333
    Agriculture operations loans - $250k-1MM 6 $1,794 $299,000