Cnb Bank Mortgage Rates, Fees & Info
Berkeley Springs, WVLEI: 254900EDYO1UYWLWP146
Tax ID: 55-0143757
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Mortgage Data
Bank Data
Review & 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 by origination volume include: Hagerstown, Chambersburg, Washington, Baltimore, and Winchester among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Cnb Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 4/21/24 |
| 30 Year Conventional Refi | 6.54% | 4/21/24 |
| 30 Year Cash-out Refi | 6.80% | 4/21/24 |
| 30 Year VA Purchase | 6.02% | 4/21/24 |
| 30 Year VA Refi | 6.48% | 4/21/24 |
| 30 Year USDA Purchase | 6.69% | 4/21/24 |
| 15 Year Conventional Purchase | 6.87% | 4/21/24 |
| 15 Year Conventional Refi | 6.12% | 4/21/24 |
| 15 Year Cash-out Refi | 6.12% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Cnb Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
310Origination Dollar Volume (All Markets)
$62,630,000Employee count
101Top Markets
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 |
|---|---|---|---|---|---|
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 253 | $45,865,000 | $181,285 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 26 | $6,810,000 | $261,923 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $5,955,000 | $350,294 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,070,000 | $267,500 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CNB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 304 | $61,720,000 | $203,026 | $0 | 0.00% |
| USDA | 6 | $910,000 | $151,667 | $0 | 0.00% |
For 2018, Cnb Bank's most frequently originated type of loan was Conventional, with 304 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2018, Cnb Bank's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 310 | $62,630,000 | $202,032 | $0 | 0.00% |
For 2018, Cnb Bank's most frequently cited loan duration was Other, with 310 originations.
Loan Sizing
2018 saw Cnb Bank place emphasis on $100k-200k loans with 112 originations, totaling $16,440,000 in origination value.
Applicant Income
Cnb Bank lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $50k or less, with 66 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 310 | $62,630,000 | $202,032 | $0 | 0.00% |
Cnb Bank lent most frequently to those with DTI ratios of Exempt%, with 310 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.12%
Cnb Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.68%
Cnb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 310 | $62,630,000 | $202,032 |
Occupancy Type Mix
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 | $147,666 |
| CNB Bank, Inc. | 1231 T.J. Jackson Drive Falling Waters, WV 25419 | Full Service B&M | $20,675 |
| CNB Bank, Inc. | 14994 Apple Harvest Drive Martinsburg, WV 25405 | Full Service B&M | $22,769 |
| CNB Bank, Inc. | 1591 Potomac Avenue Hagerstown, MD 21742 | Full Service B&M | $24,286 |
| CNB Bank, Inc. | 1610 Valley Road Berkeley Springs, WV 25411 | Full Service B&M | $23,191 |
| CNB Bank, Inc. | 20 West Washington Street Suite 500 Hagerstown, MD 21740 | Limited, Drive-thru | $0 |
| CNB Bank, Inc. | 2646 Hedgesville Road Martinsburg, WV 25403 | Full Service B&M | $33,298 |
| CNB Bank, Inc. | 333 E. Main Street Hancock, MD 21750 | Full Service B&M | $40,919 |
For 2018, Cnb Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,699 |
| Net interest income | $12,242 |
| Total noninterest income | $3,518 |
| Gross Fiduciary activities income | $333 |
| Service charges on deposit accounts | $1,455 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,730 |
| Pre-tax net operating income | $3,576 |
| Securities gains (or losses, -) | $19 |
| Income before extraordinary items | $2,906 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,906 |
| Minority interest net income | $0 |
| Net income | $2,906 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,890 |
Cnb Bank's gross interest income from loans was $14,699,000.
Cnb Bank's net interest income from loans was $12,242,000.
Cnb Bank's fee based income from loans was $1,455,000.
Cnb Bank's net income from loans was $2,906,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,457 |
| Provision for credit losses | $201 |
| Total noninterest expense | $11,983 |
| Salaries and employee benefits | $5,947 |
| Premises and equipment expense | $1,425 |
| Additional noninterest expense | $4,611 |
| Applicable income taxes | $689 |
| Net charge-offs | $225 |
| Cash dividends | $1,059 |
Cnb Bank's interest expense for loans was $2,457,000.
Cnb Bank's payroll and benefits expense were $5,947,000.
Cnb Bank's property, plant and equipment expenses $1,425,000.
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 | 1.0% |
| 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 | $324,157 |
| Deposits held in domestic offices | $324,157 |
| Deposits by Individuals, partnerships, and corporations | $310,305 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $13,852 |
| 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 | $137,499 |
| Demand deposits | $99,555 |
| Nontransaction accounts | $186,658 |
| Money market deposit accounts (MMDAs) | $37,294 |
| Other savings deposits (excluding MMDAs) | $47,106 |
| Total time deposits | $102,258 |
| Total time and savings deposits | $224,602 |
| Noninterest-bearing deposits | $84,597 |
| Interest-bearing deposits | $239,560 |
| Retail deposits | $296,577 |
| IRAs and Keogh plan accounts | $21,288 |
| Brokered deposits | $7,500 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $391,118 |
| Cash & Balances due from depository institutions | $6,926 |
| Interest-bearing balances | $494 |
| Total securities | $64,977 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $301,029 |
| Loan and leases loss allowance | $3,666 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,591 |
| Other real estate owned | $191 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,404 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $391,118 |
| Total Liabilities | $358,209 |
| Total deposits | $324,157 |
| Interest-bearing deposits | $239,560 |
| Deposits held in domestic offices | $324,157 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $26,800 |
| Subordinated debt | $0 |
| All other liabilities | $7,252 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $301,029 |
| Loan and leases loss allowance | $3,666 |
| Total loans and leases (domestic) | $304,695 |
| All real estate loans | $283,733 |
| Real estate loans in domestic offices | $283,733 |
| Construction and development loans | $25,819 |
| Residential 1-4 family construction | $12,924 |
| Other construction, all land development and other land | $12,895 |
| Loans secured by nonfarm nonresidential properties | $70,595 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,712 |
| Commercial real estate & other non-farm, non-residential | $59,883 |
| Multifamily residential real estate | $5,501 |
| 1-4 family residential loans | $181,818 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $14,103 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,260 |
| Credit card loans | $0 |
| Related Plans | $51 |
| Consumer Auto Loans | $2,156 |
| Other loans to individuals | $3,053 |
| All other loans & leases | $1,599 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $418 |
| 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 | $2,264 |
| Non 1-4 family restructured loans & leases | $127 |
| Total loans and leases (foreign) | $0 |
CNB Bank had $301,029,000 of loans outstanding in 2018. $283,733,000 of loans were in real estate loans. $25,819,000 of loans were in development loans. $5,501,000 of loans were in multifamily mortgage loans. $181,818,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,156,000 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 | 101 | $22,021 | $218,030 |
| Nonfarm, nonresidential loans - <$100k | 29 | $1,365 | $47,069 |
| Nonfarm, nonresidential loans - $100-250k | 24 | $3,084 | $128,500 |
| Nonfarm, nonresidential loans - $250k-1MM | 48 | $17,572 | $366,083 |
| Commercial & Industrial, US addressed loans - <$1MM | 87 | $7,491 | $86,103 |
| Commercial & Industrial, US addressed loans - <$100k | 55 | $1,505 | $27,364 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $2,124 | $111,789 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 13 | $3,862 | $297,077 |