Cbi Bank & Trust Mortgage Rates, Fees & Info
Muscatine, IALEI: 5493003X0GM1DHJIWC22
Tax ID: 42-0175400
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Bank Data
Review & Overview
Cbi Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Cbi Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Galesburg, Iowa City, Davenport, Muscatine, and Peoria among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Cbi Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cbi Bank & Trust 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.59% | 3/19/23 |
30 Year Conventional Refi | 6.33% | 3/19/23 |
30 Year Cash-out Refi | 6.61% | 3/19/23 |
30 Year FHA Purchase | 6.27% | 3/19/23 |
15 Year Conventional Purchase | 5.77% | 3/19/23 |
15 Year Conventional Refi | 5.74% | 3/19/23 |
15 Year Cash-out Refi | 5.74% | 3/19/23 |
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. |
Originations
1,124Origination Dollar Volume (All Markets)
$178,350,000Employee count
211 Show all (5) awardsRelative Rate
Cbi Bank & Trust's average 30 year fixed mortgage rate was
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Cbi Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,146.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
---|---|---|---|---|---|
Galesburg, IL (FHA|USDA|VA) | 375 | $39,465,000 | $105,240 | $1,989 | 3.26% |
IOWA CITY, IA (FHA|USDA|VA) | 167 | $35,775,000 | $214,222 | $1,743 | 3.20% |
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 136 | $27,540,000 | $202,500 | $1,859 | 3.18% |
Muscatine, IA (FHA|USDA|VA) | 184 | $26,520,000 | $144,130 | $1,841 | 3.17% |
PEORIA, IL (FHA|USDA|VA) | 123 | $18,815,000 | $152,967 | $1,960 | 3.37% |
Outside of Metro Areas | 54 | $6,490,000 | $120,185 | $2,081 | 3.11% |
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 5 | $4,965,000 | $993,000 | $2,008 | 3.28% |
CEDAR RAPIDS, IA (FHA|USDA|VA) | 12 | $4,760,000 | $396,667 | $2,621 | 3.05% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $1,788 | 2.99% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $4,326 | 2.98% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $8,059 | 2.75% |
BLOOMINGTON, IL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,150 | 2.42% |
Macomb, IL (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $2,285 | 3.52% |
Burlington, IA-IL (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $1,905 | 4.26% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,154 | 2.75% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 3.25% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,158 | 2.63% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,177 | 3.38% |
Sevierville, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 3.38% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,581 | 2.25% |
SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 3.44% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 2.88% |
SALEM, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,161 | 2.63% |
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,073 | 3.13% |
Brainerd, MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,215 | 2.63% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,823 | 2.88% |
Clinton, IA (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $1,929 | 3.70% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,429 | 2.75% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,170 | 2.13% |
Fairfield, IA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,051 | 3.27% |
Spearfish, SD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,979 | 2.13% |
Lebanon, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,748 | 3.00% |
SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,222 | 2.63% |
Ottumwa, IA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,839 | 2.94% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,235 | 2.88% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,715 | 3.25% |
Rochelle, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,970 | 2.63% |
Sterling, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
DUBUQUE, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,955 | 2.00% |
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,419 | 3.25% |
Ottawa, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,776 | 3.13% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,122 | 3.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CBI Bank & Trust 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 | 1,124 | $178,350,000 | $158,674 | $1,956 | 3.23% |
For 2021, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 1,124 originations.
Loan Reason
For 2021, Cbi Bank & Trust's most frequently cited loan purpose was Home Purchase, with 548 originations. The 2nd most popular reason was Refi, with 372 originations.
Loan Duration/Length
For 2021, Cbi Bank & Trust's most frequently cited loan duration was 30 Year, with 486 originations. The 2nd most popular length was 15 Year, with 247 originations.
Origination Fees/Closing Costs
Cbi Bank & Trust's average total fees were $2,146, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 755 originations.
Interest Rates
During 2021, Cbi Bank & Trust's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 379 originations.
Loan Sizing
2021 saw Cbi Bank & Trust place emphasis on $100,000 or less loans with 477 originations, totaling $27,885,000 in origination value.
Applicant Income
Cbi Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 240 originations. The second most popular income band? $50k or less, with 201 originations.
Applicant Debt to Income Ratio
Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 313 originations. The next most common DTI ratio? <20%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.35%
Cbi Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination89.15%
Cbi Bank & Trust has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
114.0 | 3 | $85,000 | $28,333 |
NA | 1,121 | $178,265,000 | $159,023 |
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Cbi Bank & Trust | 101 W 2nd Street Davenport, IA 52801 | Full Service B&M | $18,100 |
Cbi Bank & Trust | 101 W Bryant St Walcott, IA 52773 | Full Service B&M | $94,101 |
Cbi Bank & Trust | 1060 West Monroe Street Washington, IA 52353 | Full Service B&M | $38,362 |
Cbi Bank & Trust | 123 East Knoxville Street Brimfield, IL 61517 | Full Service B&M | $36,136 |
Cbi Bank & Trust | 1230 N Henderson St Galesburg, IL 61401 | Full Service B&M | $75,189 |
Cbi Bank & Trust | 140 Holiday Road Coralville, IA 52241 | Full Service B&M | $19,994 |
Cbi Bank & Trust | 1521 Park Avenue Muscatine, IA 52761 | Full Service B&M | $66,582 |
Cbi Bank & Trust | 20228 183rd Ave West Buffalo Prairie, IL 61237 | Full Service B&M | $36,885 |
Cbi Bank & Trust | 21 East Main Street Galesburg, IL 61401 | Full Service B&M | $229,795 |
Cbi Bank & Trust | 2322 E. Kimberly Rd, Unit D2-1 Davenport, IA 52807 | Full Service B&M | $25,420 |
Cbi Bank & Trust | 2400 Second Avenue Muscatine, IA 52761 | Full Service Retail | $12,587 |
Cbi Bank & Trust | 2616 Veterans Drive Galesburg, IL 61401 | Full Service B&M | $8,754 |
Cbi Bank & Trust | 301 Iowa Ave Muscatine, IA 52761 | Full Service B&M | $243,581 |
Cbi Bank & Trust | 402 B Avenue Kalona, IA 52247 | Full Service B&M | $38,653 |
Cbi Bank & Trust | 4620 N University Peoria, IL 61614 | Full Service B&M | $24,313 |
Cbi Bank & Trust | 710 W.5th St Wilton, IA 52778 | Full Service B&M | $19,065 |
For 2021, Cbi Bank & Trust had 16 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $37,399 |
Net interest income | $35,089 |
Total noninterest income | $14,109 |
Gross Fiduciary activities income | $1,817 |
Service charges on deposit accounts | $1,681 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $10,611 |
Pre-tax net operating income | $17,820 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $14,097 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $14,097 |
Minority interest net income | $0 |
Net income | $14,097 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $14,097 |
Cbi Bank & Trust's gross interest income from loans was $37,399,000.
Cbi Bank & Trust's net interest income from loans was $35,089,000.
Cbi Bank & Trust's fee based income from loans was $1,681,000.
Cbi Bank & Trust's net income from loans was $14,097,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $2,310 |
Provision for credit losses | $540 |
Total noninterest expense | $30,838 |
Salaries and employee benefits | $18,837 |
Premises and equipment expense | $3,120 |
Additional noninterest expense | $8,881 |
Applicable income taxes | $3,723 |
Net charge-offs | $413 |
Cash dividends | $2,500 |
Cbi Bank & Trust's interest expense for loans was $2,310,000.
Cbi Bank & Trust's payroll and benefits expense were $18,837,000.
Cbi Bank & Trust's property, plant and equipment expenses $3,120,000.
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 | 0.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $991,067 |
Deposits held in domestic offices | $991,067 |
Deposits by Individuals, partnerships, and corporations | $910,352 |
Deposits by U.S. Government | $19 |
Deposits by States and political subdivisions in the U.S. | $80,684 |
Deposits by Commercial banks and other depository institutions in U.S. | $13 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $98,557 |
Demand deposits | $44,906 |
Nontransaction accounts | $892,511 |
Money market deposit accounts (MMDAs) | $160,426 |
Other savings deposits (excluding MMDAs) | $579,171 |
Total time deposits | $152,914 |
Total time and savings deposits | $946,162 |
Noninterest-bearing deposits | $227,938 |
Interest-bearing deposits | $763,129 |
Retail deposits | $957,766 |
IRAs and Keogh plan accounts | $20,553 |
Brokered deposits | $986 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,143,091 |
Cash & Balances due from depository institutions | $87,389 |
Interest-bearing balances | $75,174 |
Total securities | $307,673 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $676,071 |
Loan and leases loss allowance | $8,899 |
Trading account assets | $0 |
Bank premises and fixed assets | $19,488 |
Other real estate owned | $0 |
Goodwill and other intangibles | $25,090 |
All other assets | $27,380 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,143,091 |
Total Liabilities | $1,004,665 |
Total deposits | $991,067 |
Interest-bearing deposits | $763,129 |
Deposits held in domestic offices | $991,067 |
% insured (estimated) | $77 |
Federal funds purchased and repurchase agreements | $6,996 |
Trading liabilities | $0 |
Other borrowed funds | $0 |
Subordinated debt | $0 |
All other liabilities | $6,602 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $676,071 |
Loan and leases loss allowance | $8,899 |
Total loans and leases (domestic) | $684,970 |
All real estate loans | $489,708 |
Real estate loans in domestic offices | $489,708 |
Construction and development loans | $38,099 |
Residential 1-4 family construction | $24,541 |
Other construction, all land development and other land | $13,558 |
Loans secured by nonfarm nonresidential properties | $184,789 |
Nonfarm nonresidential secured by owner-occupied properties | $74,410 |
Commercial real estate & other non-farm, non-residential | $110,379 |
Multifamily residential real estate | $24,303 |
1-4 family residential loans | $153,784 |
Farmland loans | $88,733 |
Loans held in foreign offices | $0 |
Farm loans | $66,947 |
Commercial and industrial loans | $102,487 |
To non-U.S. addressees | $0 |
Loans to individuals | $15,582 |
Credit card loans | $0 |
Related Plans | $30 |
Consumer Auto Loans | $13,471 |
Other loans to individuals | $2,081 |
All other loans & leases | $10,246 |
Loans to foreign governments and official institutions | $0 |
Other loans | $469 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $2,043 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $4,832 |
Non 1-4 family restructured loans & leases | $4,756 |
Total loans and leases (foreign) | $0 |
CBI Bank & Trust had $676,071,000 of loans outstanding in 2021. $489,708,000 of loans were in real estate loans. $38,099,000 of loans were in development loans. $24,303,000 of loans were in multifamily mortgage loans. $153,784,000 of loans were in 1-4 family mortgage loans. $66,947,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,471,000 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 | 288 | $62,336 | $216,444 |
Nonfarm, nonresidential loans - <$100k | 75 | $3,404 | $45,387 |
Nonfarm, nonresidential loans - $100-250k | 98 | $13,194 | $134,633 |
Nonfarm, nonresidential loans - $250k-1MM | 115 | $45,738 | $397,722 |
Commercial & Industrial, US addressed loans - <$1MM | 385 | $32,552 | $84,551 |
Commercial & Industrial, US addressed loans - <$100k | 215 | $5,054 | $23,507 |
Commercial & Industrial, US addressed loans - $100-250k | 102 | $9,130 | $89,510 |
Commercial & Industrial, US addressed loans - $250k-1MM | 68 | $18,368 | $270,118 |
Farmland loans - <$1MM | 165 | $25,952 | $157,285 |
Farmland loans - <$100k | 37 | $1,529 | $41,324 |
Farmland loans - $100-250k | 69 | $8,604 | $124,696 |
Farmland loans - $250k-1MM | 59 | $15,819 | $268,119 |
Agriculture operations loans - <$1MM | 308 | $23,596 | $76,610 |
Agriculture operations loans - <$100k | 182 | $4,763 | $26,170 |
Agriculture operations loans - $100-250k | 74 | $7,013 | $94,770 |
Agriculture operations loans - $250k-1MM | 52 | $11,820 | $227,308 |