Cibm Bank Mortgage Rates, Fees & Info

Champaign, IL

LEI: 549300RIPPSJXAQKZ383

Tax ID: 37-0158730

5 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Cibm Bank is a smaller bank specializing in Home Purchase and Refi loans. Cibm Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Chicago, Indianapolis, Milwaukee, Sheboygan, and Lansing among others. Cibm Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Cibm Bank is typically an average fee lendor.


Originations

1,832

Origination Dollar Volume (All Markets)

$405,180,000

Employee count

177 Show all (15) awards

Relative Rate

Cibm Bank's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Cibm Bank's average total fees for a 30 year fixed rate mortgage are $3,413.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 925 $227,555,000 $246,005 $3,581 3.05%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 243 $52,775,000 $217,181 $2,703 2.84%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 163 $39,525,000 $242,485 $2,229 3.08%
SHEBOYGAN, WI (FHA|USDA|VA) 181 $29,455,000 $162,735 $2,225 3.02%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 95 $16,715,000 $175,947 $3,390 3.07%
Outside of Metro Areas 22 $4,320,000 $196,364 $2,905 3.03%
Manitowoc, WI (FHA|USDA|VA) 17 $2,535,000 $149,118 $2,225 2.93%
DECATUR, IL (FHA|USDA|VA) 21 $2,505,000 $119,286 $3,448 3.10%
BLOOMINGTON, IL (FHA|USDA|VA) 18 $2,370,000 $131,667 $2,892 3.41%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 17 $2,285,000 $134,412 $3,409 2.97%
DANVILLE, IL (FHA|USDA|VA) 22 $2,040,000 $92,727 $3,027 2.98%
Whitewater, WI (FHA|USDA|VA) 6 $1,810,000 $301,667 $2,732 3.21%
MADISON, WI (FHA|USDA|VA) 5 $1,535,000 $307,000 $1,873 2.85%
RACINE, WI (FHA|USDA|VA) 5 $1,505,000 $301,000 $3,044 3.13%
JACKSON, MI (FHA|USDA|VA) 9 $1,385,000 $153,889 $2,769 2.86%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $1,315,000 $263,000 $2,782 3.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,315,000 $187,857 $2,661 3.09%
FOND DU LAC, WI (FHA|USDA|VA) 5 $1,145,000 $229,000 $2,911 3.00%
Beaver Dam, WI (FHA|USDA|VA) 4 $1,030,000 $257,500 $2,590 3.25%
APPLETON, WI (FHA|USDA|VA) 5 $935,000 $187,000 $1,645 3.07%
Plymouth, IN (FHA|USDA|VA) 1 $785,000 $785,000 $2,236 2.25%
New Castle, IN (FHA|USDA|VA) 2 $720,000 $360,000 $2,309 3.06%
Alma, MI (FHA|USDA|VA) 4 $630,000 $157,500 $2,698 3.09%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $615,000 $205,000 $1,825 3.54%
PEORIA, IL (FHA|USDA|VA) 3 $565,000 $188,333 $3,358 2.83%
ROCKFORD, IL (FHA|USDA|VA) 5 $535,000 $107,000 $3,172 2.97%
Traverse City, MI (FHA|USDA|VA) 2 $530,000 $265,000 $2,881 2.88%
GREEN BAY, WI (FHA|USDA|VA) 2 $520,000 $260,000 $2,176 2.87%
CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $510,000 $127,500 $2,322 3.31%
KANKAKEE, IL (FHA|USDA|VA) 3 $425,000 $141,667 $3,553 3.04%
Connersville, IN (FHA|USDA|VA) 1 $405,000 $405,000 $1,449 3.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.00%
BATTLE CREEK, MI (FHA|USDA|VA) 3 $345,000 $115,000 $2,023 3.83%
COLUMBUS, IN (FHA|USDA|VA) 1 $325,000 $325,000 $2,573 3.13%
Ludington, MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,895 2.63%
Dixon, IL (FHA|USDA|VA) 1 $315,000 $315,000 $2,949 3.38%
FORT WAYNE, IN (FHA|USDA|VA) 1 $305,000 $305,000 $2,102 3.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,360 3.00%
NILES, MI (FHA|USDA|VA) 2 $280,000 $140,000 $2,686 3.31%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $265,000 $265,000 $2,757 2.75%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,464 3.00%
Shawano, WI (FHA|USDA|VA) 1 $215,000 $215,000 $1,464 3.00%
Bedford, IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,754 4.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,272 2.88%
Ottawa, IL (FHA|USDA|VA) 1 $185,000 $185,000 $6,201 3.75%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,341 3.25%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $6,171 3.50%
North Vernon, IN (FHA|USDA|VA) 2 $130,000 $65,000 $3,414 3.25%
Galesburg, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,505 2.63%
Seymour, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,765 2.63%
Greensburg, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,641 4.38%
Hillsdale, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,419 3.63%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,127 3.25%
KOKOMO, IN (FHA|USDA|VA) 1 $65,000 $65,000 $1,800 3.50%

Cibm Bank's top markets include Chicago, Indianapolis, Milwaukee, Sheboygan, and Lansing among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,597 $356,215,000 $223,053 $2,686 3.03%
FHA 160 $31,690,000 $198,063 $6,777 3.15%
VA 71 $16,575,000 $233,451 $3,702 2.78%
USDA 4 $700,000 $175,000 $4,710 2.97%

For the 2021 period, Cibm Bank's most frequently originated loan type of loans were Conventional, with 1,597 originations. Their 2nd most popular type is FHA, with 160 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 811 $180,885,000 $223,039 $4,309 3.12%
Refi 724 $158,460,000 $218,867 $2,047 2.85%
Cash Out Refi 279 $61,995,000 $222,204 $2,541 3.19%
Other 12 $2,650,000 $220,833 $2,375 3.19%
Home Improvement 6 $1,190,000 $198,333 $1,702 3.55%

For the 2021, Cibm Bank's most frequently cited loan purpose of loans were Home Purchase, with 811 originations. The 2nd most popular reason of loans were Refi, with 724 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,350 $303,160,000 $224,563 $3,413 3.13%
15 Year 263 $57,725,000 $219,487 $2,287 2.58%
20 Year 96 $22,320,000 $232,500 $2,176 2.92%
Other 85 $15,525,000 $182,647 $2,141 3.05%
10 Year 34 $4,600,000 $135,294 $1,999 2.47%
5 Year 3 $745,000 $248,333 $0 3.92%
3 Year 1 $1,105,000 $1,105,000 $0 3.44%

For the 2021, Cibm Bank's most frequently cited loan length of loans were 30 Year, with 1,350 originations. The 2nd most popular length of loans were 15 Year, with 263 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 847 $205,745,000 $242,910
$<1k 778 $160,910,000 $206,825
$2k-3k 36 $8,910,000 $247,500
$3k-4k 23 $6,505,000 $282,826
$5k+ 4 $1,500,000 $375,000

$3,413 of loans were Cibm Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 847 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 806 $177,870,000 $220,682
3-4% 782 $176,680,000 $225,934
<2.5% 206 $43,220,000 $209,806
4-5% 35 $6,975,000 $199,286
5-6% 3 $435,000 $145,000

During 2021, Cibm Bank's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 806 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 766 $115,920,000 $151,332 $2,905 3.04%
$200k-400k 738 $201,150,000 $272,561 $3,352 3.04%
$100,000 or less 182 $13,780,000 $75,714 $2,198 2.96%
$400k-600k 129 $61,195,000 $474,380 $3,797 3.04%
$600k-1MM 16 $12,030,000 $751,875 $4,449 2.86%
$1MM+ 1 $1,105,000 $1,105,000 $0 3.44%

2021 saw Cibm Bank place emphasis on $100k-200k loans with 766 originations, totaling $115,920,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 421 $74,655,000 $177,328 $3,436 3.06%
$100k-150k 390 $98,030,000 $251,359 $2,949 3.03%
$75k-100k 366 $75,720,000 $206,885 $3,142 3.06%
$50k or less 289 $38,255,000 $132,370 $3,064 3.02%
$150k-250k 244 $77,380,000 $317,131 $3,072 2.98%
$250k+ 81 $31,215,000 $385,370 $2,923 3.01%

Cibm Bank lent most frequently to those with incomes in the $50k-75k range, with 421 originations. The second most popular income band? $100k-150k, with 390 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 485 $104,685,000 $215,845 $2,733 2.98%
30-36% 373 $85,025,000 $227,949 $2,986 3.03%
<20% 181 $37,505,000 $207,210 $2,374 2.90%
43% 75 $16,235,000 $216,467 $3,524 3.14%
40% 66 $14,790,000 $224,091 $3,715 3.11%
44% 66 $14,160,000 $214,545 $3,489 3.13%
37% 65 $14,275,000 $219,615 $3,445 3.08%
38% 61 $14,865,000 $243,689 $3,556 2.94%
39% 61 $13,905,000 $227,951 $3,022 3.20%
41% 61 $13,395,000 $219,590 $3,560 3.15%
42% 51 $10,655,000 $208,922 $3,258 3.21%
36% 51 $10,945,000 $214,608 $2,956 2.98%
45% 38 $8,540,000 $224,737 $3,823 3.08%
47% 35 $7,135,000 $203,857 $3,702 3.11%
50-60% 34 $7,120,000 $209,412 $6,515 3.09%
49% 32 $8,320,000 $260,000 $4,333 3.21%
46% 30 $7,360,000 $245,333 $3,646 3.00%
48% 24 $5,810,000 $242,083 $3,479 3.17%
>60% 2 $530,000 $265,000 $7,814 2.94%

Cibm Bank lent most frequently to those with DTI ratios of 20-30%, with 485 originations. The next most common DTI ratio? 30-36%, with 373 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,562 $348,910,000 $223,374 $3,026 3.02%
Not provided 93 $20,415,000 $219,516 $3,492 3.11%
Black 109 $19,845,000 $182,064 $4,105 3.08%
Asian 56 $12,660,000 $226,071 $3,403 2.87%
Not applicable 4 $1,850,000 $462,500 $0 3.80%
Native Hawaiian 2 $630,000 $315,000 $1,899 3.31%
American Indian 4 $550,000 $137,500 $2,300 3.16%
Other Pacific Islander 1 $165,000 $165,000 $4,524 3.13%
Other Asian 1 $155,000 $155,000 $1,821 2.75%

Approval Rates

Total approvals of all applications
97.11%

Cibm 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
84.07%

Cibm Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,832 $405,180,000 $221,168

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,832 $405,180,000 $221,168

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 60 $8,080,000 $134,667 $1,982 2.82%
40-60% 263 $55,255,000 $210,095 $2,296 2.77%
60-80% 740 $168,800,000 $228,108 $2,445 3.07%
80-100% 752 $170,000,000 $226,064 $3,994 3.10%
Over 100% 9 $2,575,000 $286,111 $10,593 2.92%
Under 20% 8 $470,000 $58,750 $922 3.17%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Cibm Bank 12700 W Bluemound Rd Ste 150 Elm Grove, WI 53122 Full Service B&M $88,995
Cibm Bank 2490 North Vermillion Street Danville, IL 61832 Full Service B&M $29,478
Cibm Bank 2913 West Kirby Avenue Champaign, IL 61821 Full Service B&M $210,146
Cibm Bank 330 S. Naperville Road, Suite 100 Wheaton, IL 60187 Full Service B&M $18,786
Cibm Bank 5120 East 82rd Street Indianapolis, IN 46250 Full Service B&M $37,010
Cibm Bank 7815 N. Knoxville Avenue Peoria, IL 61614 Full Service B&M $49,764
Cibm Bank 1514 North Cunningham Urbana, IL 61801 Full Service B&M $40,901
Cibm Bank 1801 East Empire Street Bloomington, IL 61704 Full Service B&M $59,912
Cibm Bank 19601 West Bluemound Road Brookfield, WI 53045 Full Service B&M $38,877
Cibm Bank 204 South Market Street Monticello, IL 61856 Full Service B&M $40,799

For 2021, Cibm Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $25,119
Net interest income $23,323
Total noninterest income $15,085
Gross Fiduciary activities income $2
Service charges on deposit accounts $366
Trading account gains and fees $0
Additional Noninterest Income $14,717
Pre-tax net operating income $10,347
Securities gains (or losses, -) $-71
Income before extraordinary items $7,563
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $7,563
Minority interest net income $0
Net income $7,563
Sale, conversion, retirement of capital stock, net $-18,000
Net operating income $7,619

Cibm Bank's gross interest income from loans was $25,119,000.
Cibm Bank's net interest income from loans was $23,323,000.
Cibm Bank's fee based income from loans was $366,000.
Cibm Bank's net income from loans was $7,563,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,796
Provision for credit losses $-1,194
Total noninterest expense $29,255
Salaries and employee benefits $21,558
Premises and equipment expense $3,100
Additional noninterest expense $4,597
Applicable income taxes $2,713
Net charge-offs $-426
Cash dividends $0

Cibm Bank's interest expense for loans was $1,796,000.
Cibm Bank's payroll and benefits expense were $21,558,000.
Cibm Bank's property, plant and equipment expenses $3,100,000.

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 $623,580
Deposits held in domestic offices $623,580
Deposits by Individuals, partnerships, and corporations $556,238
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $16,537
Deposits by Commercial banks and other depository institutions in U.S. $50,805
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $188,760
Demand deposits $139,200
Nontransaction accounts $434,820
Money market deposit accounts (MMDAs) $267,058
Other savings deposits (excluding MMDAs) $21,357
Total time deposits $146,404
Total time and savings deposits $484,380
Noninterest-bearing deposits $125,067
Interest-bearing deposits $498,513
Retail deposits $585,852
IRAs and Keogh plan accounts $17,500
Brokered deposits $27,737
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $737,465
Cash & Balances due from depository institutions $59,184
Interest-bearing balances $52,194
Total securities $106,647
Federal funds sold & reverse repurchase $0
Net loans and leases $545,183
Loan and leases loss allowance $8,338
Trading account assets $0
Bank premises and fixed assets $3,873
Other real estate owned $0
Goodwill and other intangibles $644
All other assets $21,934

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $737,465
Total Liabilities $657,806
Total deposits $623,580
Interest-bearing deposits $498,513
Deposits held in domestic offices $623,580
% insured (estimated) $71
Federal funds purchased and repurchase agreements $22,048
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $7,178

Issued Loan Types

Type Value (in 000's)
Net loans and leases $545,183
Loan and leases loss allowance $8,338
Total loans and leases (domestic) $553,521
All real estate loans $495,159
Real estate loans in domestic offices $495,159
Construction and development loans $18,556
Residential 1-4 family construction $3,026
Other construction, all land development and other land $15,530
Loans secured by nonfarm nonresidential properties $267,046
Nonfarm nonresidential secured by owner-occupied properties $79,165
Commercial real estate & other non-farm, non-residential $187,881
Multifamily residential real estate $41,591
1-4 family residential loans $167,293
Farmland loans $673
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $54,041
To non-U.S. addressees $131
Loans to individuals $232
Credit card loans $0
Related Plans $13
Consumer Auto Loans $16
Other loans to individuals $203
All other loans & leases $4,089
Loans to foreign governments and official institutions $0
Other loans $4,089
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 $413
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

CIBM Bank had $545,183,000 of loans outstanding in 2021. $495,159,000 of loans were in real estate loans. $18,556,000 of loans were in development loans. $41,591,000 of loans were in multifamily mortgage loans. $167,293,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $16,000 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 131 $41,070 $313,511
Nonfarm, nonresidential loans - <$100k 10 $431 $43,100
Nonfarm, nonresidential loans - $100-250k 36 $4,638 $128,833
Nonfarm, nonresidential loans - $250k-1MM 85 $36,001 $423,541
Commercial & Industrial, US addressed loans - <$1MM 282 $23,749 $84,216
Commercial & Industrial, US addressed loans - <$100k 157 $5,127 $32,656
Commercial & Industrial, US addressed loans - $100-250k 70 $7,142 $102,029
Commercial & Industrial, US addressed loans - $250k-1MM 55 $11,480 $208,727
Farmland loans - <$1MM 4 $671 $167,750
Farmland loans - $100-250k 3 $322 $107,333
Farmland loans - $250k-1MM 1 $349 $349,000