Citizens Bank and Trust Co. Mortgage Lending & HMDA Data, 2015
In 2015, Citizens Bank and Trust Co. of Big Timber, MT reported 26 mortgage applications totaling $2.4 million, about the same as 2014. The average application was for $92,230, and applicants reported an average income of $73,269. 85% of its applications resulted in an originated loan and 15% were denied. Its largest market was Billings, MT (1).
| Mortgage Company & Address | Citizens Bank and Trust Co. Po Box 847 Big Timber, MT 59011 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 |
| Total Number of Mortgage Applications | 26 |
| Total Mortgage Loan Application Amount | $2,398,000 |
| Average Mortgage Loan Application Amount | $92,230 |
| Highest Mortgage Loan Application Amount | $288,000 |
| Average Applicant Income | $73,269 |
| Highest Applicant Income | $172,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank and Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Billings, MT | 1 | $ 180,000 | $ 180,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Citizens Bank and Trust Co. in 2015
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 13 | $1,192,000 | $91,000 | $288,000 | $82,000 | $172,000 |
| Home Improvement | 9 | $626,000 | $69,000 | $136,000 | $67,000 | $131,000 |
| Refinancing | 4 | $580,000 | $145,000 | $180,000 | $59,000 | $74,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 25 | $2,288,000 | $91,000 | $288,000 | $74,000 | $172,000 |
| Hispanic | 1 | $110,000 | $110,000 | $110,000 | $55,000 | $55,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 26 | $2,398,000 | $92,000 | $288,000 | $73,000 | $172,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 22 | $1,913,000 | $86,000 | $288,000 | $70,000 | $172,000 |
| Application Denied By Financial Institution | 4 | $485,000 | $121,000 | $180,000 | $89,000 | $168,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $237,000 | $118,000 | $145,000 | $62,000 | $74,000 |
| Credit Application Incomplete | 1 | $68,000 | $68,000 | $68,000 | $168,000 | $168,000 |
| Credit History | 1 | $180,000 | $180,000 | $180,000 | $64,000 | $64,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank and Trust Co.'s 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Citizens Bank and Trust Co.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Montana, download the full spreadsheet
with aggregated HMDA statistics today.
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