Cnb Bank Mortgage Rates, Fees & Info

Berkeley Springs, WV

LEI: 254900EDYO1UYWLWP146

Tax ID: 55-0143757

5 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Cnb Bank is a smaller bank specializing in Home Purchase and Refi loans. Cnb Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Hagerstown, Washington, Chambersburg, Baltimore, and Winchester among others. Cnb Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Cnb Bank is typically a low fee lendor.


Originations

532

Origination Dollar Volume (All Markets)

$126,150,000

Employee count

100

Awards

CNB Bank  30 Year Conventional Loans gold CNB Bank  30 Year Conventional Loans gold CNB Bank  30 Year Conventional Loans silver CNB Bank  30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Cnb Bank 's average 30 year fixed rate mortgage of loans were 3.1%.

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

This yields a difference of -0.05%.

Relative Fees

Cnb Bank 's average total fees for a 30 year fixed rate mortgage are $2,905.

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
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 386 $82,850,000 $214,637 $2,520 3.29%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 62 $22,010,000 $355,000 $2,903 3.06%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 38 $10,400,000 $273,684 $3,946 3.23%
Outside of Metro Areas 20 $3,900,000 $195,000 $3,152 3.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,690,000 $336,250 $3,160 2.78%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $935,000 $311,667 $3,178 3.70%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $800,000 $400,000 $2,839 3.25%
CUMBERLAND, MD-WV (FHA|USDA|VA) 5 $635,000 $127,000 $1,893 4.15%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $580,000 $290,000 $2,778 3.44%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $335,000 $335,000 $2,697 2.88%
GETTYSBURG, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,077 3.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $295,000 $295,000 $3,715 3.75%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,238 3.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,198 2.75%
CHARLESTON, WV (FHA|USDA|VA) 1 $95,000 $95,000 $2,433 4.00%

Cnb Bank 's top markets include Hagerstown, Washington, Chambersburg, Baltimore, and Winchester among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 525 $124,445,000 $237,038 $2,688 3.28%
USDA 5 $1,165,000 $233,000 $5,697 2.58%
VA 2 $540,000 $270,000 $2,662 2.62%

For the 2021 period, Cnb Bank 's most frequently originated loan type of loans were Conventional, with 525 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 230 $60,220,000 $261,826 $3,445 3.57%
Refi 216 $51,360,000 $237,778 $2,412 2.99%
Cash Out Refi 61 $13,195,000 $216,311 $2,564 2.84%
Home Improvement 13 $575,000 $44,231 $227 3.96%
Other 12 $800,000 $66,667 $255 4.05%

For the 2021, Cnb Bank 's most frequently cited loan purpose of loans were Home Purchase, with 230 originations. The 2nd most popular reason of loans were Refi, with 216 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 220 $55,980,000 $254,455 $2,905 3.10%
15 Year 111 $20,775,000 $187,162 $2,457 2.72%
30+ year 65 $25,765,000 $396,385 $4,189 3.72%
20 Year 58 $12,440,000 $214,483 $2,652 3.80%
10 Year 40 $2,730,000 $68,250 $370 3.83%
Other 29 $7,905,000 $272,586 $2,699 3.60%
5 Year 6 $140,000 $23,333 $0 3.76%
1 Year 3 $415,000 $138,333 $0 5.15%

For the 2021, Cnb Bank 's most frequently cited loan length of loans were 30 Year, with 220 originations. The 2nd most popular length of loans were 15 Year, with 111 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 469 $111,135,000 $236,962
$1k-2k 2 $290,000 $145,000
$3k-4k 2 $790,000 $395,000
$5k+ 1 $425,000 $425,000

$2,905 of loans were Cnb Bank 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 469 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 227 $61,185,000 $269,537
2.5-3% 146 $37,400,000 $256,164
<2.5% 95 $19,355,000 $203,737
4-5% 54 $7,580,000 $140,370
5-6% 8 $460,000 $57,500
6-7% 2 $170,000 $85,000

During 2021, Cnb Bank 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 227 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 182 $51,470,000 $282,802 $3,121 3.11%
$100k-200k 178 $26,380,000 $148,202 $2,458 3.23%
$100,000 or less 97 $6,165,000 $63,557 $1,278 3.65%
$400k-600k 56 $26,530,000 $473,750 $3,842 3.17%
$600k-1MM 16 $11,910,000 $744,375 $4,670 3.67%
$1MM+ 3 $3,695,000 $1,231,667 $0 3.66%

2021 saw Cnb Bank place emphasis on $200k-400k loans with 182 originations, totaling $51,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 126 $32,560,000 $258,413 $2,867 3.25%
$50k-75k 90 $14,590,000 $162,111 $2,427 3.34%
$75k-100k 88 $18,160,000 $206,364 $2,766 3.11%
$150k-250k 82 $27,550,000 $335,976 $3,166 3.19%
$50k or less 70 $8,290,000 $118,429 $2,137 3.29%
$250k+ 29 $12,995,000 $448,103 $3,449 3.16%

Cnb Bank lent most frequently to those with incomes in the $100k-150k range, with 126 originations. The second most popular income band? $50k-75k, with 90 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 138 $31,120,000 $225,507 $2,634 3.17%
30-36% 123 $32,115,000 $261,098 $2,954 3.24%
<20% 105 $22,205,000 $211,476 $2,364 3.19%
39% 21 $6,115,000 $291,190 $3,280 3.28%
37% 19 $4,755,000 $250,263 $3,198 3.13%
40% 17 $3,575,000 $210,294 $2,276 3.50%
36% 16 $2,840,000 $177,500 $2,381 3.27%
42% 12 $3,150,000 $262,500 $3,177 3.19%
43% 10 $2,590,000 $259,000 $2,633 3.17%
41% 8 $1,630,000 $203,750 $3,101 3.62%
38% 8 $2,230,000 $278,750 $3,032 3.16%
45% 5 $945,000 $189,000 $2,772 3.10%
>60% 4 $570,000 $142,500 $2,202 4.30%
44% 4 $1,110,000 $277,500 $2,782 2.88%
49% 3 $635,000 $211,667 $2,789 2.42%
50-60% 3 $275,000 $91,667 $1,769 3.51%
46% 3 $785,000 $261,667 $3,757 3.45%
48% 2 $560,000 $280,000 $2,661 2.81%
47% 1 $105,000 $105,000 $2,045 2.00%

Cnb Bank lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 123 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 463 $107,565,000 $232,322 $2,683 3.22%
Not applicable 28 $8,230,000 $293,929 $0 4.14%
Not provided 19 $5,625,000 $296,053 $3,329 3.37%
Asian 10 $2,540,000 $254,000 $2,943 2.79%
Black 9 $1,875,000 $208,333 $3,139 3.36%
Asian Indian 2 $200,000 $100,000 $2,432 4.12%
American Indian 1 $115,000 $115,000 $2,261 3.55%

Approval Rates

Total approvals of all applications
93.93%

Cnb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
92.80%

Cnb Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 532 $126,150,000 $237,124

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
532 $126,150,000 $237,124

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 54 $6,960,000 $128,889 $1,908 3.13%
40-60% 104 $19,050,000 $183,173 $2,487 3.04%
60-80% 202 $54,030,000 $267,475 $2,973 3.27%
80-100% 144 $45,020,000 $312,639 $3,392 3.39%
Under 20% 28 $1,090,000 $38,929 $296 3.80%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Cnb Bank, Inc. 101 S. Washington Street Berkeley Springs, WV 25411 Full Service B&M $184,789
Cnb Bank, Inc. 1231 T.J. Jackson Drive Falling Waters, WV 25419 Full Service B&M $34,638
Cnb Bank, Inc. 14994 Apple Harvest Drive Martinsburg, WV 25405 Full Service B&M $37,754
Cnb Bank, Inc. 1591 Potomac Avenue Hagerstown, MD 21742 Full Service B&M $49,159
Cnb Bank, Inc. 1610 Valley Road Berkeley Springs, WV 25411 Full Service B&M $35,849
Cnb Bank, Inc. 1625 Dual Highway Hagerstown, MD 21740 Full Service B&M $16,488
Cnb Bank, Inc. 2646 Hedgesville Road Martinsburg, WV 25403 Full Service B&M $43,665
Cnb Bank, Inc. 333 E. Main Street Hancock, MD 21750 Full Service B&M $52,235

For 2021, Cnb Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,173
Net interest income $16,213
Total noninterest income $5,304
Gross Fiduciary activities income $451
Service charges on deposit accounts $1,190
Trading account gains and fees $0
Additional Noninterest Income $3,663
Pre-tax net operating income $4,311
Securities gains (or losses, -) $47
Income before extraordinary items $3,425
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $3,425
Minority interest net income $0
Net income $3,425
Sale, conversion, retirement of capital stock, net $0
Net operating income $3,387

Cnb Bank 's gross interest income from loans was $18,173,000.
Cnb Bank 's net interest income from loans was $16,213,000.
Cnb Bank 's fee based income from loans was $1,190,000.
Cnb Bank 's net income from loans was $3,425,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,960
Provision for credit losses $415
Total noninterest expense $16,791
Salaries and employee benefits $8,954
Premises and equipment expense $2,233
Additional noninterest expense $5,604
Applicable income taxes $933
Net charge-offs $109
Cash dividends $902

Cnb Bank 's interest expense for loans was $1,960,000.
Cnb Bank 's payroll and benefits expense were $8,954,000.
Cnb Bank 's property, plant and equipment expenses $2,233,000.

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 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 0.0%
Auto loans 0.0%
Other consumer loans 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $477,915
Deposits held in domestic offices $477,915
Deposits by Individuals, partnerships, and corporations $451,953
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $25,962
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 $238,912
Demand deposits $198,783
Nontransaction accounts $239,003
Money market deposit accounts (MMDAs) $76,155
Other savings deposits (excluding MMDAs) $72,095
Total time deposits $90,753
Total time and savings deposits $279,132
Noninterest-bearing deposits $146,976
Interest-bearing deposits $330,939
Retail deposits $461,313
IRAs and Keogh plan accounts $20,534
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $538,096
Cash & Balances due from depository institutions $41,181
Interest-bearing balances $32,362
Total securities $104,403
Federal funds sold & reverse repurchase $0
Net loans and leases $370,404
Loan and leases loss allowance $4,535
Trading account assets $0
Bank premises and fixed assets $7,871
Other real estate owned $2,429
Goodwill and other intangibles $0
All other assets $11,808

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $538,096
Total Liabilities $497,831
Total deposits $477,915
Interest-bearing deposits $330,939
Deposits held in domestic offices $477,915
% insured (estimated) $83
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $10,500
Subordinated debt $0
All other liabilities $9,416

Issued Loan Types

Type Value (in 000's)
Net loans and leases $370,404
Loan and leases loss allowance $4,535
Total loans and leases (domestic) $374,939
All real estate loans $344,532
Real estate loans in domestic offices $344,532
Construction and development loans $51,860
Residential 1-4 family construction $24,734
Other construction, all land development and other land $27,126
Loans secured by nonfarm nonresidential properties $103,565
Nonfarm nonresidential secured by owner-occupied properties $48,640
Commercial real estate & other non-farm, non-residential $54,925
Multifamily residential real estate $6,634
1-4 family residential loans $182,120
Farmland loans $353
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $24,940
To non-U.S. addressees $0
Loans to individuals $4,307
Credit card loans $0
Related Plans $20
Consumer Auto Loans $1,716
Other loans to individuals $2,571
All other loans & leases $1,160
Loans to foreign governments and official institutions $0
Other loans $91
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 $1,584
Non 1-4 family restructured loans & leases $55
Total loans and leases (foreign) $0

CNB Bank had $370,404,000 of loans outstanding in 2021. $344,532,000 of loans were in real estate loans. $51,860,000 of loans were in development loans. $6,634,000 of loans were in multifamily mortgage loans. $182,120,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,716,000 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 115 $27,745 $241,261
Nonfarm, nonresidential loans - <$100k 12 $535 $44,583
Nonfarm, nonresidential loans - $100-250k 40 $5,857 $146,425
Nonfarm, nonresidential loans - $250k-1MM 63 $21,353 $338,937
Commercial & Industrial, US addressed loans - <$1MM 187 $13,777 $73,674
Commercial & Industrial, US addressed loans - <$100k 142 $3,874 $27,282
Commercial & Industrial, US addressed loans - $100-250k 27 $3,377 $125,074
Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,526 $362,556
Farmland loans - <$1MM 1 $353 $353,000
Farmland loans - $250k-1MM 1 $353 $353,000