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: Iowa City, Muscatine, Davenport, Cedar Rapids, and North Port among others. We have data for 12 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    326

    Origination Dollar Volume (All Markets)

    $57,610,000

    Employee count

    88

    Awards

    CBI Bank & Trust 30 Year Conventional Loans silver CBI Bank & Trust 30 Year Conventional Loans bronze
    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
    IOWA CITY, IA (FHA|USDA|VA) 88 $24,120,000 $274,091 $1,735 4.30%
    Muscatine, IA (FHA|USDA|VA) 161 $19,825,000 $123,137 $2,008 4.43%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 32 $5,700,000 $178,125 $1,954 4.35%
    Outside of Metro Areas 27 $4,005,000 $148,333 $2,223 4.19%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,310,000 $163,750 $1,672 4.22%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $710,000 $355,000 $3,060 4.06%
    Fairfield, IA (FHA|USDA|VA) 2 $560,000 $280,000 $2,135 4.13%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $350,000 $175,000 $2,383 4.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $4,562 3.25%
    Sandpoint, ID (FHA|USDA|VA) 1 $295,000 $295,000 $2,562 3.75%
    Traverse City, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,518 3.13%
    WICHITA, KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,567 4.13%
    Cbi Bank & Trust's top markets include Iowa City, Muscatine, Davenport, Cedar Rapids, and North Port among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Missouri (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: 156
    THE FAMILY CREDIT UNION
    Similarity Rank: 217
    Collins Community Credit Union
    Similarity Rank: 221
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 240
    ASCENTRA
    Similarity Rank: 270
    MidWestOne Bank
    Similarity Rank: 310
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 320
    First Mid Bank & Trust
    Similarity Rank: 450
    Morton Community Bank
    Similarity Rank: 527
    CITIZENS EQUITY FIRST
    Similarity Rank: 654

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 326 $57,610,000 $176,718 $1,980 4.34%

    For 2019, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 326 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $26,430,000 $183,542 $2,287 4.41%
    Refi 109 $24,685,000 $226,468 $1,852 4.20%
    Cash Out Refi 35 $5,375,000 $153,571 $2,810 3.89%
    Home Improvement 20 $530,000 $26,500 $347 4.99%
    Other 18 $590,000 $32,778 $454 4.83%

    For 2019, Cbi Bank & Trust's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $33,070,000 $196,845 $2,428 4.16%
    Other 62 $3,450,000 $55,645 $354 5.03%
    15 Year 41 $6,965,000 $169,878 $1,946 3.61%
    5 Year 40 $11,590,000 $289,750 $324 4.86%
    20 Year 8 $1,820,000 $227,500 $3,427 3.94%
    10 Year 5 $675,000 $135,000 $1,798 4.33%
    1 Year 1 $15,000 $15,000 $0 5.25%
    3 Year 1 $25,000 $25,000 $179 4.52%

    For 2019, Cbi Bank & Trust's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was Other, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 201 $31,085,000 $154,652
    $1k-2k 55 $9,975,000 $181,364
    $2k-3k 16 $2,660,000 $166,250
    $3k-4k 3 $555,000 $185,000
    $4k-5k 2 $760,000 $380,000
    $5k+ 2 $510,000 $255,000

    Cbi Bank & Trust's average total fees were $2,428, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 201 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 135 $21,265,000 $157,519
    3-4% 129 $28,995,000 $224,767
    5-6% 53 $5,305,000 $100,094
    2.5-3% 7 $1,895,000 $270,714
    6-7% 2 $150,000 $75,000

    During 2019, Cbi Bank & Trust's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 4-5%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $6,590,000 $53,145 $1,327 4.71%
    $100k-200k 98 $14,010,000 $142,959 $2,297 4.30%
    $200k-400k 80 $21,970,000 $274,625 $2,555 3.96%
    $400k-600k 19 $8,595,000 $452,368 $2,129 3.85%
    $1MM+ 4 $5,660,000 $1,415,000 $0 4.28%
    $600k-1MM 1 $785,000 $785,000 $2,085 4.50%

    2019 saw Cbi Bank & Trust place emphasis on $100,000 or less loans with 124 originations, totaling $6,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 60 $6,220,000 $103,667 $1,914 4.51%
    $75k-100k 55 $7,845,000 $142,636 $2,025 4.32%
    $50k or less 53 $4,235,000 $79,906 $1,763 4.42%
    $100k-150k 51 $8,755,000 $171,667 $2,208 4.27%
    $150k-250k 37 $10,305,000 $278,514 $2,066 3.85%
    $250k+ 28 $7,290,000 $260,357 $1,737 4.39%

    Cbi Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $75k-100k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $13,180,000 $156,905 $1,881 4.30%
    30-36% 65 $10,075,000 $155,000 $2,221 4.31%
    <20% 46 $7,790,000 $169,348 $1,809 3.96%
    37% 11 $1,625,000 $147,727 $2,183 4.13%
    36% 10 $1,500,000 $150,000 $1,775 4.43%
    43% 9 $1,855,000 $206,111 $2,385 4.28%
    42% 8 $1,120,000 $140,000 $2,205 4.17%
    38% 8 $1,280,000 $160,000 $1,353 4.80%
    44% 7 $705,000 $100,714 $2,244 4.62%
    45% 6 $1,110,000 $185,000 $2,609 4.04%
    40% 6 $750,000 $125,000 $1,688 4.43%
    41% 6 $1,050,000 $175,000 $1,753 4.23%
    50-60% 5 $795,000 $159,000 $2,056 4.47%
    46% 4 $1,030,000 $257,500 $2,407 4.03%
    47% 4 $870,000 $217,500 $1,960 4.52%
    48% 4 $670,000 $167,500 $2,056 4.14%
    49% 3 $115,000 $38,333 $688 5.34%
    39% 2 $240,000 $120,000 $1,557 4.19%

    Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 269 $42,275,000 $157,156 $1,979 4.30%
    Not applicable 29 $10,825,000 $373,276 $1,079 4.85%
    Not provided 19 $2,955,000 $155,526 $2,141 4.24%
    Asian 2 $560,000 $280,000 $2,087 4.25%
    Asian Indian 2 $490,000 $245,000 $1,832 3.31%
    American Indian 4 $390,000 $97,500 $1,446 4.91%
    Black 1 $115,000 $115,000 $2,340 3.75%

    Approval Rates

    Total approvals of all applications
    90.27%

    Cbi Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.22%

    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 324 $57,580,000 $177,716

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $7,035,000 $541,154
    Single Family (1-4 Units):Manufactured 5 $155,000 $31,000
    Single Family (1-4 Units):Site-Built 308 $50,420,000 $163,701

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $1,920,000 $64,000 $926 4.58%
    40-60% 42 $9,870,000 $235,000 $1,733 4.31%
    60-80% 116 $28,530,000 $245,948 $2,532 4.09%
    80-100% 101 $16,245,000 $160,842 $2,323 4.34%
    Under 20% 37 $1,045,000 $28,243 $366 5.00%

    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 $18,032
    CBI Bank & Trust 1060 West Monroe Street Washington, IA 52353 Full Service B&M $35,732
    CBI Bank & Trust 140 Holiday Road Coralville, IA 52241 Full Service B&M $13,009
    CBI Bank & Trust 1521 Park Avenue Muscatine, IA 52761 Full Service B&M $57,226
    CBI Bank & Trust 20228 183rd Ave West Buffalo Prairie, IL 61237 Full Service B&M $35,107
    CBI Bank & Trust 2400 Second Avenue Muscatine, IA 52761 Full Service Retail $10,894
    CBI Bank & Trust 301 Iowa Avenue Muscatine, IA 52761 Full Service B&M $226,062
    CBI Bank & Trust 402 B Avenue Kalona, IA 52247 Full Service B&M $39,050
    CBI Bank & Trust 710 W.5th St Wilton, IA 52778 Full Service B&M $13,113

    For 2019, Cbi Bank & Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,524
    Net interest income $16,996
    Total noninterest income $5,427
    Gross Fiduciary activities income $935
    Service charges on deposit accounts $1,060
    Trading account gains and fees $0
    Additional Noninterest Income $3,432
    Pre-tax net operating income $7,252
    Securities gains (or losses, -) $-27
    Income before extraordinary items $5,638
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,638
    Minority interest net income $0
    Net income $5,638
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,659

    Cbi Bank & Trust's gross interest income from loans was $21,524,000.
    Cbi Bank & Trust's net interest income from loans was $16,996,000.
    Cbi Bank & Trust's fee based income from loans was $1,060,000.
    Cbi Bank & Trust's net income from loans was $5,638,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,528
    Provision for credit losses $300
    Total noninterest expense $14,871
    Salaries and employee benefits $6,270
    Premises and equipment expense $1,354
    Additional noninterest expense $7,247
    Applicable income taxes $1,587
    Net charge-offs $380
    Cash dividends $14,460

    Cbi Bank & Trust's interest expense for loans was $4,528,000.
    Cbi Bank & Trust's payroll and benefits expense were $6,270,000.
    Cbi Bank & Trust's property, plant and equipment expenses $1,354,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $444,290
    Deposits held in domestic offices $444,290
    Deposits by Individuals, partnerships, and corporations $392,200
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,070
    Deposits by Commercial banks and other depository institutions in U.S. $21
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $38,159
    Demand deposits $38,159
    Nontransaction accounts $406,132
    Money market deposit accounts (MMDAs) $212,628
    Other savings deposits (excluding MMDAs) $54,266
    Total time deposits $139,237
    Total time and savings deposits $406,132
    Noninterest-bearing deposits $68,015
    Interest-bearing deposits $376,275
    Retail deposits $399,689
    IRAs and Keogh plan accounts $14,655
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $526,087
    Cash & Balances due from depository institutions $13,390
    Interest-bearing balances $6,788
    Total securities $107,587
    Federal funds sold & reverse repurchase $9,000
    Net loans and leases $366,054
    Loan and leases loss allowance $4,085
    Trading account assets $0
    Bank premises and fixed assets $10,118
    Other real estate owned $23
    Goodwill and other intangibles $3,506
    All other assets $16,409

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $526,087
    Total Liabilities $469,807
    Total deposits $444,290
    Interest-bearing deposits $376,275
    Deposits held in domestic offices $444,290
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $13,093
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $2,424

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $366,054
    Loan and leases loss allowance $4,085
    Total loans and leases (domestic) $370,139
    All real estate loans $234,827
    Real estate loans in domestic offices $234,827
    Construction and development loans $14,627
    Residential 1-4 family construction $9,696
    Other construction, all land development and other land $4,931
    Loans secured by nonfarm nonresidential properties $57,837
    Nonfarm nonresidential secured by owner-occupied properties $23,570
    Commercial real estate & other non-farm, non-residential $34,267
    Multifamily residential real estate $11,353
    1-4 family residential loans $81,519
    Farmland loans $69,491
    Loans held in foreign offices $0
    Farm loans $59,137
    Commercial and industrial loans $58,177
    To non-U.S. addressees $0
    Loans to individuals $9,342
    Credit card loans $0
    Related Plans $15
    Consumer Auto Loans $8,230
    Other loans to individuals $1,097
    All other loans & leases $8,656
    Loans to foreign governments and official institutions $0
    Other loans $2,066
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $876
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,846
    Non 1-4 family restructured loans & leases $1,722
    Total loans and leases (foreign) $0

    CBI Bank & Trust had $366,054,000 of loans outstanding in 2019. $234,827,000 of loans were in real estate loans. $14,627,000 of loans were in development loans. $11,353,000 of loans were in multifamily mortgage loans. $81,519,000 of loans were in 1-4 family mortgage loans. $59,137,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,230,000 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 120 $28,773 $239,775
    Nonfarm, nonresidential loans - <$100k 27 $1,228 $45,481
    Nonfarm, nonresidential loans - $100-250k 44 $6,378 $144,955
    Nonfarm, nonresidential loans - $250k-1MM 49 $21,167 $431,980
    Commercial & Industrial, US addressed loans - <$1MM 197 $12,975 $65,863
    Commercial & Industrial, US addressed loans - <$100k 129 $2,578 $19,984
    Commercial & Industrial, US addressed loans - $100-250k 44 $4,062 $92,318
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $6,335 $263,958
    Farmland loans - <$1MM 123 $21,926 $178,260
    Farmland loans - <$100k 31 $1,137 $36,677
    Farmland loans - $100-250k 46 $6,387 $138,848
    Farmland loans - $250k-1MM 46 $14,402 $313,087
    Agriculture operations loans - <$1MM 259 $20,965 $80,946
    Agriculture operations loans - <$100k 156 $4,190 $26,859
    Agriculture operations loans - $100-250k 53 $5,700 $107,547
    Agriculture operations loans - $250k-1MM 50 $11,075 $221,500