Citizens Bank & Trust Co. Mortgage Lending & HMDA Data, 2020
In 2020, Citizens Bank & Trust Co. of Blackstone, VA reported 165 mortgage applications totaling $25.5 million, down 21% from 2019. The average application was for $154,333, and applicants reported an average income of $88,424. 82% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Richmond, VA (71), Lynchburg, VA (3) and Myrtle Beach-Conway-North Myrtle Beach, SC-NC (1) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank & Trust Co. 126 South Main St. Blackstone, VA 23824 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 165 |
| Total Mortgage Loan Application Amount | $25,465,000 |
| Average Mortgage Loan Application Amount | $154,333 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $88,424 |
| Highest Applicant Income | $895,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Citizens Bank & Trust Co. in 2020
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 | 88 | $12,740,000 | $144,000 | $675,000 | $101,000 | $895,000 |
| Refinancing | 60 | $11,140,000 | $185,000 | $765,000 | $75,000 | $572,000 |
| Home Improvement | 16 | $1,190,000 | $74,000 | $335,000 | $66,000 | $133,000 |
| Cash-out Refinancing | 1 | $395,000 | $395,000 | $395,000 | $146,000 | $146,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 89 | $12,865,000 | $144,000 | $675,000 | $88,000 | $895,000 |
| Not applicable | 46 | $9,320,000 | $202,000 | $765,000 | $0 | $0 |
| Black or African American | 24 | $2,970,000 | $123,000 | $275,000 | $99,000 | $572,000 |
| Hispanic | 4 | $140,000 | $35,000 | $45,000 | $32,000 | $39,000 |
| Not Provided | 2 | $170,000 | $85,000 | $105,000 | $36,000 | $54,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 164 | $25,320,000 | $154,000 | $765,000 | $88,000 | $895,000 |
| FHA-insured (Federal Housing Administration) | 1 | $145,000 | $145,000 | $145,000 | $52,000 | $52,000 |
| 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 | 136 | $21,480,000 | $157,000 | $765,000 | $87,000 | $709,000 |
| Application Denied By Financial Institution | 14 | $1,460,000 | $104,000 | $265,000 | $53,000 | $109,000 |
| Application Approved But Not Accepted | 9 | $1,635,000 | $181,000 | $675,000 | $177,000 | $895,000 |
| Application Withdrawn By Applicant | 6 | $890,000 | $148,000 | $305,000 | $52,000 | $89,000 |
| File Closed For Incompleteness | 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 | 165 | $25,465,000 | $154,000 | $765,000 | $88,000 | $895,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank & Trust Co.'s 2020 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 & 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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