Cbi Bank & Trust Mortgage Rates, Fees & Info

Muscatine, IA

LEI: 5493003X0GM1DHJIWC22

Tax ID: 42-0175400

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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: Muscatine, Iowa City, Davenport, Terre Haute, and Cedar Rapids among others. We have data for 15 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.

    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 6.85% 12/16/24
    30 Year Conventional Refi 6.60% 12/16/24
    30 Year Cash-out Refi 6.90% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.12% 12/16/24
    15 Year Conventional Refi 5.74% 12/16/24
    15 Year Cash-out Refi 5.74% 12/16/24
    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.

    Cbi Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cbi Bank & Trust. 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

    304

    Origination Dollar Volume (All Markets)

    $45,010,000

    Employee count

    87

    Awards

    CBI Bank & Trust 30 Year Conventional Loans silver CBI Bank & Trust 30 Year Conventional Loans silver
    Show all (2) 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
    Muscatine, IA (FHA|USDA|VA) 162 $22,660,000 $139,877 $1,989 4.91%
    IOWA CITY, IA (FHA|USDA|VA) 75 $11,875,000 $158,333 $1,448 4.84%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 21 $3,025,000 $144,048 $1,473 5.02%
    Outside of Metro Areas 27 $2,485,000 $92,037 $1,714 4.99%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 3.88%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,520,000 $190,000 $1,748 4.34%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.13%
    SALEM, OR (FHA|USDA|VA) 1 $355,000 $355,000 $2,534 4.63%
    Traverse City, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,996 4.50%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $195,000 $195,000 $3,080 4.25%
    Fairfield, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,155 4.63%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,674 3.88%
    Burlington, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,716 4.38%
    Galesburg, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Clinton, IA (FHA|USDA|VA) 2 $30,000 $15,000 $0 4.75%
    Cbi Bank & Trust's top markets include Muscatine, Iowa City, Davenport, Terre Haute, and Cedar Rapids among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • 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.

    Hills Bank and Trust Company
    Similarity Rank: 65
    R.I.A. Federal Credit Union
    Similarity Rank: 120
    THE FAMILY CREDIT UNION
    Similarity Rank: 125
    Two Rivers Bank & Trust
    Similarity Rank: 135
    Collins Community Credit Union
    Similarity Rank: 143
    ASCENTRA
    Similarity Rank: 221
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 300
    MidWestOne Bank
    Similarity Rank: 328
    First Mid Bank & Trust
    Similarity Rank: 406
    CBI Bank & Trust
    Similarity Rank: 435

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 304 $45,010,000 $148,059 $1,805 4.88%

    For 2018, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 304 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 176 $29,780,000 $169,205 $2,142 4.79%
    Refi 74 $11,640,000 $157,297 $1,407 4.99%
    Cash Out Refi 21 $2,575,000 $122,619 $2,756 4.54%
    Home Improvement 19 $655,000 $34,474 $239 5.27%
    Other 14 $360,000 $25,714 $356 5.34%

    For 2018, Cbi Bank & Trust's most frequently cited loan purpose was Home Purchase, with 176 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 148 $24,970,000 $168,716 $2,383 4.71%
    Other 71 $9,095,000 $128,099 $251 5.24%
    5 Year 32 $4,460,000 $139,375 $401 5.28%
    15 Year 23 $3,255,000 $141,522 $2,121 4.17%
    1 Year 15 $1,715,000 $114,333 $443 5.42%
    20 Year 10 $1,230,000 $123,000 $2,186 4.55%
    10 Year 3 $165,000 $55,000 $1,646 4.08%
    3 Year 2 $120,000 $60,000 $0 5.25%

    For 2018, Cbi Bank & Trust's most frequently cited loan duration was 30 Year, with 148 originations. The 2nd most popular length was Other, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 185 $21,625,000 $116,892
    $1k-2k 51 $8,255,000 $161,863
    $2k-3k 12 $2,150,000 $179,167
    $3k-4k 6 $940,000 $156,667
    $4k-5k 3 $545,000 $181,667
    $5k+ 1 $385,000 $385,000

    Cbi Bank & Trust's average total fees were $2,383, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 185 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 167 $25,575,000 $153,144
    5-6% 95 $10,865,000 $114,368
    3-4% 29 $8,055,000 $277,759
    6-7% 11 $475,000 $43,182
    7-8% 2 $40,000 $20,000

    During 2018, Cbi Bank & Trust's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 140 $7,070,000 $50,500 $1,189 5.15%
    $100k-200k 96 $13,540,000 $141,042 $2,446 4.73%
    $200k-400k 55 $14,935,000 $271,545 $2,276 4.57%
    $400k-600k 10 $4,370,000 $437,000 $1,645 4.37%
    $1MM+ 2 $4,470,000 $2,235,000 $0 4.69%
    $600k-1MM 1 $625,000 $625,000 $0 4.00%

    2018 saw Cbi Bank & Trust place emphasis on $100,000 or less loans with 140 originations, totaling $7,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $7,775,000 $106,507 $1,871 4.91%
    $50k or less 66 $5,050,000 $76,515 $1,742 5.07%
    $100k-150k 48 $6,380,000 $132,917 $1,632 4.90%
    $75k-100k 48 $6,620,000 $137,917 $1,788 4.74%
    $150k-250k 31 $6,955,000 $224,355 $2,172 4.65%
    $250k+ 8 $2,260,000 $282,500 $1,487 4.67%

    Cbi Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 73 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
    20-30% 76 $10,600,000 $139,474 $1,614 4.89%
    <20% 41 $3,275,000 $79,878 $1,636 4.94%
    30-36% 41 $5,545,000 $135,244 $1,760 4.89%
    40% 15 $2,305,000 $153,667 $2,107 4.86%
    37% 13 $1,845,000 $141,923 $2,119 4.74%
    38% 11 $1,565,000 $142,273 $2,026 4.76%
    36% 11 $1,755,000 $159,545 $2,261 4.78%
    44% 10 $1,250,000 $125,000 $2,133 5.04%
    39% 9 $1,525,000 $169,444 $1,545 4.69%
    50-60% 9 $1,185,000 $131,667 $1,822 4.69%
    43% 9 $1,215,000 $135,000 $1,809 5.04%
    49% 8 $950,000 $118,750 $1,541 5.09%
    41% 7 $785,000 $112,143 $1,495 4.79%
    42% 5 $675,000 $135,000 $2,344 5.10%
    45% 5 $505,000 $101,000 $2,369 5.00%
    47% 4 $390,000 $97,500 $2,219 4.46%
    46% 3 $135,000 $45,000 $1,342 5.19%
    48% 2 $240,000 $120,000 $3,055 5.00%
    >60% 1 $45,000 $45,000 $0 5.00%

    Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? <20%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 262 $32,440,000 $123,817 $1,737 4.90%
    Not applicable 26 $9,490,000 $365,000 $0 4.94%
    Not provided 10 $1,970,000 $197,000 $3,011 4.39%
    Asian 4 $850,000 $212,500 $2,294 4.25%
    Black 2 $260,000 $130,000 $2,678 5.19%

    Approval Rates

    Total approvals of all applications
    90.63%

    Cbi Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.57%

    Cbi Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    99.0 2 $30,000 $15,000
    NA 302 $44,980,000 $148,940

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,785,000 $2,785,000
    Multifamily:Site-Built 8 $2,370,000 $296,250
    Single Family (1-4 Units):Manufactured 7 $215,000 $30,714
    Single Family (1-4 Units):Site-Built 288 $39,640,000 $137,639

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $1,470,000 $52,500 $606 5.18%
    40-60% 31 $7,515,000 $242,419 $1,773 4.75%
    60-80% 87 $15,675,000 $180,172 $2,229 4.74%
    80-100% 117 $19,145,000 $163,632 $2,329 4.77%
    Under 20% 41 $1,205,000 $29,390 $262 5.37%

    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 $14,799
    CBI Bank & Trust 1060 West Monroe Street Washington, IA 52353 Full Service B&M $35,563
    CBI Bank & Trust 140 Holiday Road Coralville, IA 52241 Full Service B&M $18,215
    CBI Bank & Trust 1521 Park Avenue Muscatine, IA 52761 Full Service B&M $53,715
    CBI Bank & Trust 20228 183rd Ave West Buffalo Prairie, IL 61237 Full Service B&M $38,908
    CBI Bank & Trust 2400 Second Avenue Muscatine, IA 52761 Full Service Retail $10,663
    CBI Bank & Trust 301 Iowa Avenue Muscatine, IA 52761 Full Service B&M $211,544
    CBI Bank & Trust 402 B Avenue Kalona, IA 52247 Full Service B&M $36,602
    CBI Bank & Trust 710 W.5th St Wilton, IA 52778 Full Service B&M $13,465

    For 2018, Cbi Bank & Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,354
    Net interest income $17,069
    Total noninterest income $5,303
    Gross Fiduciary activities income $858
    Service charges on deposit accounts $1,048
    Trading account gains and fees $0
    Additional Noninterest Income $3,397
    Pre-tax net operating income $7,432
    Securities gains (or losses, -) $9
    Income before extraordinary items $5,860
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,860
    Minority interest net income $0
    Net income $5,860
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,852

    Cbi Bank & Trust's gross interest income from loans was $20,354,000.
    Cbi Bank & Trust's net interest income from loans was $17,069,000.
    Cbi Bank & Trust's fee based income from loans was $1,048,000.
    Cbi Bank & Trust's net income from loans was $5,860,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,285
    Provision for credit losses $225
    Total noninterest expense $14,715
    Salaries and employee benefits $5,896
    Premises and equipment expense $1,425
    Additional noninterest expense $7,394
    Applicable income taxes $1,581
    Net charge-offs $469
    Cash dividends $1,840

    Cbi Bank & Trust's interest expense for loans was $3,285,000.
    Cbi Bank & Trust's payroll and benefits expense were $5,896,000.
    Cbi Bank & Trust'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 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 $442,262
    Deposits held in domestic offices $442,262
    Deposits by Individuals, partnerships, and corporations $390,057
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,089
    Deposits by Commercial banks and other depository institutions in U.S. $115
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $34,865
    Demand deposits $34,865
    Nontransaction accounts $407,396
    Money market deposit accounts (MMDAs) $202,570
    Other savings deposits (excluding MMDAs) $55,495
    Total time deposits $149,331
    Total time and savings deposits $407,396
    Noninterest-bearing deposits $60,624
    Interest-bearing deposits $381,638
    Retail deposits $388,002
    IRAs and Keogh plan accounts $15,617
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $521,240
    Cash & Balances due from depository institutions $14,941
    Interest-bearing balances $5,557
    Total securities $97,752
    Federal funds sold & reverse repurchase $4,300
    Net loans and leases $373,850
    Loan and leases loss allowance $4,166
    Trading account assets $0
    Bank premises and fixed assets $10,246
    Other real estate owned $55
    Goodwill and other intangibles $3,694
    All other assets $16,402

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $521,240
    Total Liabilities $457,594
    Total deposits $442,262
    Interest-bearing deposits $381,638
    Deposits held in domestic offices $442,262
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $2,887
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $2,445

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $373,850
    Loan and leases loss allowance $4,166
    Total loans and leases (domestic) $378,016
    All real estate loans $242,963
    Real estate loans in domestic offices $242,963
    Construction and development loans $17,407
    Residential 1-4 family construction $11,183
    Other construction, all land development and other land $6,224
    Loans secured by nonfarm nonresidential properties $57,233
    Nonfarm nonresidential secured by owner-occupied properties $25,286
    Commercial real estate & other non-farm, non-residential $31,947
    Multifamily residential real estate $6,637
    1-4 family residential loans $92,462
    Farmland loans $69,224
    Loans held in foreign offices $0
    Farm loans $56,716
    Commercial and industrial loans $57,129
    To non-U.S. addressees $0
    Loans to individuals $10,531
    Credit card loans $0
    Related Plans $17
    Consumer Auto Loans $9,504
    Other loans to individuals $1,010
    All other loans & leases $10,677
    Loans to foreign governments and official institutions $0
    Other loans $2,824
    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 $2,100
    Non 1-4 family restructured loans & leases $1,968
    Total loans and leases (foreign) $0

    CBI Bank & Trust had $373,850,000 of loans outstanding in 2018. $242,963,000 of loans were in real estate loans. $17,407,000 of loans were in development loans. $6,637,000 of loans were in multifamily mortgage loans. $92,462,000 of loans were in 1-4 family mortgage loans. $56,716,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,504,000 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 114 $24,367 $213,746
    Nonfarm, nonresidential loans - <$100k 37 $1,596 $43,135
    Nonfarm, nonresidential loans - $100-250k 35 $4,995 $142,714
    Nonfarm, nonresidential loans - $250k-1MM 42 $17,776 $423,238
    Commercial & Industrial, US addressed loans - <$1MM 200 $16,853 $84,265
    Commercial & Industrial, US addressed loans - <$100k 140 $3,057 $21,836
    Commercial & Industrial, US addressed loans - $100-250k 29 $3,049 $105,138
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $10,747 $346,677
    Farmland loans - <$1MM 130 $21,426 $164,815
    Farmland loans - <$100k 38 $1,617 $42,553
    Farmland loans - $100-250k 51 $7,259 $142,333
    Farmland loans - $250k-1MM 41 $12,550 $306,098
    Agriculture operations loans - <$1MM 267 $21,773 $81,547
    Agriculture operations loans - <$100k 168 $4,670 $27,798
    Agriculture operations loans - $100-250k 61 $6,759 $110,803
    Agriculture operations loans - $250k-1MM 38 $10,344 $272,211