Cnb Bank Mortgage Rates, Fees & Info

Berkeley Springs, WV

LEI: 254900EDYO1UYWLWP146

Tax ID: 55-0143757

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Washington, Chambersburg, Baltimore, and Winchester among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cnb Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cnb Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.59%	4/28/24
30 Year Conventional Refi	6.54%	4/28/24
30 Year Cash-out Refi	6.80%	4/28/24
30 Year VA Purchase	6.02%	4/28/24
30 Year VA Refi	6.48%	4/28/24
30 Year USDA Purchase	6.69%	4/28/24
15 Year Conventional Purchase	6.87%	4/28/24
15 Year Conventional Refi	6.12%	4/28/24
15 Year Cash-out Refi	6.12%	4/28/24
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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This is not an official calculator from Cnb Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

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 silver

CNB Bank 30 Year Conventional Loans bronze

Show all (4) awards

Top 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)	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.

Their top states include:

West Virginia (FHA|USDA|VA)

Maryland (FHA|USDA|VA)

Pennsylvania (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

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.

Farmers and Merchants Trust Company of Chambersburg
Similarity Rank: 108

PATRIOT
Similarity Rank: 540

Cedar Point Federal Credit Union
Similarity Rank: 546

LOANFLIGHT LENDING, LLC
Similarity Rank: 1300

U S WIDE FINANCIAL LLC
Similarity Rank: 1680

Credence Funding Corporation
Similarity Rank: 2020

MEMBERS 1ST FEDERAL CREDIT UNION
Similarity Rank: 2080

Woodsboro Bank
Similarity Rank: 2455

IDB Global Federal Credit Union
Similarity Rank: 2740

OCEANSIDE MORTGAGE COMPANY
Similarity Rank: 2772

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Cnb Bank's most frequently originated type of loan was Conventional, with 525 originations. Their 2nd most popular type was USDA, with 5 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Cnb Bank's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was 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 2021, Cnb Bank's most frequently cited loan duration was 30 Year, with 220 originations. The 2nd most popular length was 15 Year, with 111 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	469	$111,135,000	$236,962
$1k-2k	2	$290,000	$145,000
$3k-4k	1	$475,000	$475,000
$4k-5k	1	$315,000	$315,000
$5k+	1	$425,000	$425,000

Cnb Bank's average total fees were $2,905, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.10%, while their most frequently originated rate bucket for loans was 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
96.45%

Cnb Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
93.98%

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