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 Refi and Home Purchase 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 Des Moines among others. We have data for 22 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

    782

    Origination Dollar Volume (All Markets)

    $149,260,000

    Employee count

    94 Show all (7) 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) 235 $55,635,000 $236,745 $1,673 3.04%
    Muscatine, IA (FHA|USDA|VA) 312 $47,080,000 $150,897 $2,232 3.04%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 128 $25,340,000 $197,969 $1,909 3.18%
    Outside of Metro Areas 62 $9,540,000 $153,871 $2,152 3.16%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 19 $4,935,000 $259,737 $1,589 3.06%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 6 $1,810,000 $301,667 $1,984 2.81%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $570,000 $285,000 $4,404 3.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,777 3.25%
    Mason City, IA (FHA|USDA|VA) 2 $410,000 $205,000 $1,750 2.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $360,000 $180,000 $2,226 3.44%
    SALEM, OR (FHA|USDA|VA) 1 $345,000 $345,000 $3,251 3.50%
    Fairfield, IA (FHA|USDA|VA) 1 $335,000 $335,000 $1,713 3.00%
    Sevierville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $2,896 3.38%
    MADISON, WI (FHA|USDA|VA) 1 $325,000 $325,000 $3,791 2.75%
    Galesburg, IL (FHA|USDA|VA) 1 $325,000 $325,000 $2,991 2.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,090 3.63%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $310,000 $155,000 $1,577 2.44%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,904 2.50%
    TULSA, OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,488 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,030 3.00%
    Clinton, IA (FHA|USDA|VA) 1 $105,000 $105,000 $1,972 2.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,825 3.00%
    Cbi Bank & Trust's top markets include Iowa City, Muscatine, Davenport, Cedar Rapids, and Des Moines among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    R.I.A. Federal Credit Union
    Similarity Rank: 126
    LINN AREA
    Similarity Rank: 189
    Hills Bank and Trust Company
    Similarity Rank: 247
    Collins Community Credit Union
    Similarity Rank: 252
    Prairie State Bank and Trust
    Similarity Rank: 280
    THE FAMILY CREDIT UNION
    Similarity Rank: 350
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 378
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 414
    ASCENTRA
    Similarity Rank: 544
    Petefish, Skiles & Co.
    Similarity Rank: 754

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 782 $149,260,000 $190,870 $2,005 3.07%

    For 2020, Cbi Bank & Trust's most frequently originated type of loan was Conventional, with 782 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 388 $80,900,000 $208,505 $1,724 2.93%
    Home Purchase 212 $38,040,000 $179,434 $2,315 3.39%
    Cash Out Refi 152 $28,740,000 $189,079 $2,540 2.77%
    Home Improvement 19 $925,000 $48,684 $688 3.99%
    Other 11 $655,000 $59,545 $741 4.30%

    For 2020, Cbi Bank & Trust's most frequently cited loan purpose was Refi, with 388 originations. The 2nd most popular reason was Home Purchase, with 212 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 370 $81,000,000 $218,919 $2,236 3.00%
    15 Year 216 $37,310,000 $172,731 $1,944 2.44%
    5 Year 74 $8,500,000 $114,865 $269 4.19%
    Other 66 $7,140,000 $108,182 $573 4.31%
    20 Year 34 $7,170,000 $210,882 $2,279 2.74%
    10 Year 15 $7,185,000 $479,000 $1,918 2.71%
    1 Year 5 $525,000 $105,000 $0 4.75%
    3 Year 2 $430,000 $215,000 $322 4.99%

    For 2020, Cbi Bank & Trust's most frequently cited loan duration was 30 Year, with 370 originations. The 2nd most popular length was 15 Year, with 216 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 541 $102,385,000 $189,251
    $1k-2k 103 $18,715,000 $181,699
    $2k-3k 28 $5,390,000 $192,500
    $3k-4k 13 $3,115,000 $239,615
    $4k-5k 4 $940,000 $235,000
    $5k+ 3 $1,125,000 $375,000

    Cbi Bank & Trust's average total fees were $2,236, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 541 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 277 $61,205,000 $220,957
    <2.5% 241 $44,055,000 $182,801
    3-4% 162 $33,810,000 $208,704
    4-5% 87 $8,815,000 $101,322
    5-6% 13 $1,325,000 $101,923
    6-7% 2 $50,000 $25,000

    During 2020, Cbi Bank & Trust's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 277 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 299 $43,815,000 $146,538 $2,045 2.94%
    $200k-400k 239 $65,425,000 $273,745 $2,235 2.84%
    $100,000 or less 199 $12,185,000 $61,231 $1,524 3.54%
    $400k-600k 37 $17,645,000 $476,892 $2,226 2.85%
    $600k-1MM 6 $4,240,000 $706,667 $1,401 3.78%
    $1MM+ 2 $5,950,000 $2,975,000 $0 3.78%

    2020 saw Cbi Bank & Trust place emphasis on $100k-200k loans with 299 originations, totaling $43,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 173 $34,635,000 $200,202 $2,168 3.03%
    $150k-250k 130 $30,630,000 $235,615 $1,995 3.01%
    $50k-75k 128 $18,120,000 $141,563 $1,947 2.88%
    $75k-100k 124 $19,510,000 $157,339 $2,060 2.96%
    $50k or less 100 $9,780,000 $97,800 $1,830 3.18%
    $250k+ 51 $16,855,000 $330,490 $1,875 2.79%

    Cbi Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 173 originations. The second most popular income band? $150k-250k, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 245 $47,875,000 $195,408 $1,997 2.90%
    <20% 145 $29,665,000 $204,586 $1,970 2.66%
    30-36% 121 $20,945,000 $173,099 $1,984 2.97%
    42% 23 $3,265,000 $141,957 $1,937 3.38%
    41% 22 $3,580,000 $162,727 $1,855 2.99%
    40% 19 $3,265,000 $171,842 $2,204 2.82%
    37% 17 $2,755,000 $162,059 $1,856 3.17%
    39% 17 $2,245,000 $132,059 $2,166 3.00%
    44% 13 $3,465,000 $266,538 $2,822 2.92%
    36% 13 $2,215,000 $170,385 $1,923 2.74%
    38% 12 $2,430,000 $202,500 $2,357 3.43%
    43% 10 $1,620,000 $162,000 $1,981 3.50%
    49% 8 $1,340,000 $167,500 $2,392 3.00%
    45% 8 $1,770,000 $221,250 $1,357 3.29%
    48% 8 $1,890,000 $236,250 $1,850 3.06%
    46% 7 $1,505,000 $215,000 $2,681 3.07%
    47% 5 $1,245,000 $249,000 $1,981 3.23%
    >60% 3 $575,000 $191,667 $221 5.38%
    50-60% 1 $15,000 $15,000 $179 4.61%

    Cbi Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 245 originations. The next most common DTI ratio? <20%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 663 $125,875,000 $189,857 $1,995 3.00%
    Not applicable 52 $10,020,000 $192,692 $1,878 4.17%
    Not provided 42 $8,250,000 $196,429 $2,138 2.85%
    Asian 13 $2,905,000 $223,462 $1,718 2.81%
    Black 7 $1,375,000 $196,429 $2,282 3.09%
    Other Asian 1 $245,000 $245,000 $1,803 2.63%
    Chinese 1 $215,000 $215,000 $1,396 2.38%
    Guamanian 1 $215,000 $215,000 $4,669 2.88%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 5.25%
    American Indian 1 $75,000 $75,000 $2,903 2.88%

    Approval Rates

    Total approvals of all applications
    93.78%

    Cbi Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.36%

    Cbi Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    99.0 2 $30,000 $15,000
    NA 780 $149,230,000 $191,321

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $10,635,000 $506,429
    Single Family (1-4 Units):Manufactured 3 $45,000 $15,000
    Single Family (1-4 Units):Site-Built 758 $138,580,000 $182,823

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $6,080,000 $112,593 $1,335 3.42%
    40-60% 146 $31,370,000 $214,863 $1,748 2.83%
    60-80% 367 $75,625,000 $206,063 $2,230 2.96%
    80-100% 173 $34,595,000 $199,971 $2,264 3.09%
    Under 20% 42 $1,590,000 $37,857 $297 4.27%

    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 $20,710
    Cbi Bank & Trust 101 W Bryant St Walcott, IA 52773 Full Service B&M $90,424
    Cbi Bank & Trust 1060 West Monroe Street Washington, IA 52353 Full Service B&M $38,348
    Cbi Bank & Trust 140 Holiday Road Coralville, IA 52241 Full Service B&M $15,442
    Cbi Bank & Trust 1521 Park Avenue Muscatine, IA 52761 Full Service B&M $60,397
    Cbi Bank & Trust 20228 183rd Ave West Buffalo Prairie, IL 61237 Full Service B&M $35,143
    Cbi Bank & Trust 2322 E. Kimberly Rd, Unit D2-1 Davenport, IA 52807 Full Service B&M $22,310
    Cbi Bank & Trust 2400 Second Avenue Muscatine, IA 52761 Full Service Retail $11,744
    Cbi Bank & Trust 301 Iowa Ave Muscatine, IA 52761 Full Service B&M $219,539
    Cbi Bank & Trust 402 B Avenue Kalona, IA 52247 Full Service B&M $41,784
    Cbi Bank & Trust 710 W.5th St Wilton, IA 52778 Full Service B&M $16,954

    For 2020, Cbi Bank & Trust had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,862
    Net interest income $21,192
    Total noninterest income $8,157
    Gross Fiduciary activities income $1,012
    Service charges on deposit accounts $906
    Trading account gains and fees $0
    Additional Noninterest Income $6,239
    Pre-tax net operating income $7,622
    Securities gains (or losses, -) $-12
    Income before extraordinary items $5,967
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,967
    Minority interest net income $0
    Net income $5,967
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,976

    Cbi Bank & Trust's gross interest income from loans was $24,862,000.
    Cbi Bank & Trust's net interest income from loans was $21,192,000.
    Cbi Bank & Trust's fee based income from loans was $906,000.
    Cbi Bank & Trust's net income from loans was $5,967,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,670
    Provision for credit losses $2,167
    Total noninterest expense $19,560
    Salaries and employee benefits $8,398
    Premises and equipment expense $1,572
    Additional noninterest expense $9,590
    Applicable income taxes $1,643
    Net charge-offs $785
    Cash dividends $1,160

    Cbi Bank & Trust's interest expense for loans was $3,670,000.
    Cbi Bank & Trust's payroll and benefits expense were $8,398,000.
    Cbi Bank & Trust's property, plant and equipment expenses $1,572,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 $597,230
    Deposits held in domestic offices $597,230
    Deposits by Individuals, partnerships, and corporations $561,143
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $36,019
    Deposits by Commercial banks and other depository institutions in U.S. $67
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $48,856
    Demand deposits $48,856
    Nontransaction accounts $548,373
    Money market deposit accounts (MMDAs) $101,873
    Other savings deposits (excluding MMDAs) $297,036
    Total time deposits $149,464
    Total time and savings deposits $548,373
    Noninterest-bearing deposits $107,457
    Interest-bearing deposits $489,773
    Retail deposits $552,634
    IRAs and Keogh plan accounts $18,337
    Brokered deposits $1,456
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $705,190
    Cash & Balances due from depository institutions $69,646
    Interest-bearing balances $61,250
    Total securities $149,287
    Federal funds sold & reverse repurchase $0
    Net loans and leases $446,350
    Loan and leases loss allowance $5,468
    Trading account assets $0
    Bank premises and fixed assets $10,863
    Other real estate owned $224
    Goodwill and other intangibles $10,876
    All other assets $17,944

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $705,190
    Total Liabilities $624,531
    Total deposits $597,230
    Interest-bearing deposits $489,773
    Deposits held in domestic offices $597,230
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $14,306
    Trading liabilities $0
    Other borrowed funds $10,010
    Subordinated debt $0
    All other liabilities $2,985

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $446,350
    Loan and leases loss allowance $5,468
    Total loans and leases (domestic) $451,818
    All real estate loans $290,946
    Real estate loans in domestic offices $290,946
    Construction and development loans $22,813
    Residential 1-4 family construction $15,737
    Other construction, all land development and other land $7,076
    Loans secured by nonfarm nonresidential properties $99,542
    Nonfarm nonresidential secured by owner-occupied properties $44,216
    Commercial real estate & other non-farm, non-residential $55,326
    Multifamily residential real estate $10,708
    1-4 family residential loans $85,143
    Farmland loans $72,740
    Loans held in foreign offices $0
    Farm loans $61,255
    Commercial and industrial loans $83,965
    To non-U.S. addressees $0
    Loans to individuals $7,108
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $6,385
    Other loans to individuals $714
    All other loans & leases $8,545
    Loans to foreign governments and official institutions $0
    Other loans $149
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $464
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,606
    Non 1-4 family restructured loans & leases $2,494
    Total loans and leases (foreign) $0

    CBI Bank & Trust had $446,350,000 of loans outstanding in 2020. $290,946,000 of loans were in real estate loans. $22,813,000 of loans were in development loans. $10,708,000 of loans were in multifamily mortgage loans. $85,143,000 of loans were in 1-4 family mortgage loans. $61,255,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,385,000 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 164 $38,275 $233,384
    Nonfarm, nonresidential loans - <$100k 36 $1,651 $45,861
    Nonfarm, nonresidential loans - $100-250k 59 $8,188 $138,780
    Nonfarm, nonresidential loans - $250k-1MM 69 $28,436 $412,116
    Commercial & Industrial, US addressed loans - <$1MM 414 $27,968 $67,556
    Commercial & Industrial, US addressed loans - <$100k 287 $6,436 $22,425
    Commercial & Industrial, US addressed loans - $100-250k 73 $7,197 $98,589
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $14,335 $265,463
    Farmland loans - <$1MM 143 $25,554 $178,699
    Farmland loans - <$100k 31 $1,036 $33,419
    Farmland loans - $100-250k 59 $8,139 $137,949
    Farmland loans - $250k-1MM 53 $16,379 $309,038
    Agriculture operations loans - <$1MM 266 $19,319 $72,628
    Agriculture operations loans - <$100k 154 $3,767 $24,461
    Agriculture operations loans - $100-250k 64 $6,231 $97,359
    Agriculture operations loans - $250k-1MM 48 $9,321 $194,188