Cb&s Bank Mortgage Rates, Fees & Info

Russellville, AL

LEI: 549300RTWPH3HXUWR160

Tax ID: 63-0041560

5 stars - Updated: 4/5/25 - out of 5 stars, based on 30 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Cb&s Bank is a smaller bank specializing in Home Purchase and Refi loans. Cb&s Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Huntsville, Florence, Montgomery, Nashville, and Birmingham among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cb&s Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cb&s Bank 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
Home Equity Line of Credit (HELOC) 6.72% 4/5/25
30 Year Conventional Purchase 6.98% 4/5/25
30 Year Conventional Refi 6.95% 4/5/25
30 Year Cash-out Refi 7.00% 4/5/25
30 Year FHA Purchase 7.26% 4/5/25
30 Year FHA Refi 6.72% 4/5/25
30 Year VA Purchase 6.33% 4/5/25
30 Year VA Refi 6.72% 4/5/25
30 Year USDA Purchase 6.94% 4/5/25
30 Year USDA Refi 6.72% 4/5/25
15 Year Conventional Purchase 6.21% 4/5/25
15 Year Conventional Refi 6.15% 4/5/25
15 Year Cash-out Refi 6.15% 4/5/25
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.

Cb&s Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cb&s Bank. 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

873

Origination Dollar Volume (All Markets)

$186,755,000

Awards

CB&S Bank 30 Year Conventional Loans silver CB&S Bank 30 Year Conventional Loans gold CB&S Bank 30 Year Conventional Loans gold CB&S Bank VA Loans silver
Show all (4) awards

Relative Rate

Cb&s Bank's average 30 year fixed mortgage rate was 6.8%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.25%.

Relative Fees (Closing Costs)

Cb&s Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,154.

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 $8,356.

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
Outside of Metro Areas 331 $41,285,000 $124,728 $3,020 7.59%
HUNTSVILLE, AL (FHA|USDA|VA) 115 $32,575,000 $283,261 $5,875 7.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 72 $25,650,000 $356,250 $2,966 7.22%
MONTGOMERY, AL (FHA|USDA|VA) 51 $14,585,000 $285,980 $2,563 7.21%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 35 $13,815,000 $394,714 $15,251 7.73%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 27 $10,295,000 $381,296 $4,042 6.88%
Tupelo, MS (FHA|USDA|VA) 29 $10,025,000 $345,690 $2,173 7.98%
DECATUR, AL (FHA|USDA|VA) 48 $8,020,000 $167,083 $3,262 7.77%
TUSCALOOSA, AL (FHA|USDA|VA) 15 $6,235,000 $415,667 $4,656 6.76%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 8 $3,220,000 $402,500 $4,080 7.10%
Corinth, MS (FHA|USDA|VA) 28 $2,810,000 $100,357 $3,229 7.33%
Alexander City, AL (FHA|USDA|VA) 11 $2,385,000 $216,818 $2,393 7.70%
Clarksdale, MS (FHA|USDA|VA) 11 $1,665,000 $151,364 $3,196 7.11%
Lewisburg, TN (FHA|USDA|VA) 13 $1,615,000 $124,231 $2,288 7.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,510,000 $755,000 $0 7.75%
Starkville, MS (FHA|USDA|VA) 14 $1,240,000 $88,571 $3,189 6.95%
JACKSON, TN (FHA|USDA|VA) 5 $985,000 $197,000 $4,480 7.52%
Greenville, MS (FHA|USDA|VA) 14 $930,000 $66,429 $2,833 9.07%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $875,000 $875,000 $15,097 6.76%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $865,000 $173,000 $0 7.75%
Enterprise, AL (FHA|USDA|VA) 1 $735,000 $735,000 $0 7.25%
Shelbyville, TN (FHA|USDA|VA) 4 $560,000 $140,000 $3,772 7.14%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $515,000 $171,667 $2,577 6.68%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
Cullman, AL (FHA|USDA|VA) 2 $490,000 $245,000 $2,879 6.88%
Greenwood, MS (FHA|USDA|VA) 9 $485,000 $53,889 $1,307 10.46%
McMinnville, TN (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
Scottsboro, AL (FHA|USDA|VA) 2 $330,000 $165,000 $2,878 7.94%
LaGrange, GA-AL (FHA|USDA|VA) 1 $275,000 $275,000 $5,516 7.01%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $235,000 $235,000 $4,484 6.22%
Fort Payne, AL (FHA|USDA|VA) 1 $215,000 $215,000 $4,279 7.64%
KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.89%
DOTHAN, AL (FHA|USDA|VA) 1 $185,000 $185,000 $0 10.00%
Albertville, AL (FHA|USDA|VA) 2 $170,000 $85,000 $2,547 7.03%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Jasper, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,083 7.77%
JACKSON, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Cb&s Bank's top markets include Huntsville, Florence, Montgomery, Nashville, and Birmingham among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CB&S Bank 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 453 $99,955,000 $220,651 $3,244 7.58%
    HELOC 391 $78,525,000 $200,831 n/a 0.00%
    VA 12 $5,540,000 $461,667 $6,618 6.30%
    USDA 10 $1,470,000 $147,000 $5,014 6.18%
    FHA 7 $1,265,000 $180,714 $7,467 6.41%

    For 2024, Cb&s Bank's most frequently originated type of loan was Conventional, with 453 originations. Their 2nd most popular type was HELOC, with 391 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 357 $106,685,000 $298,838 $4,216 7.17%
    Refi 250 $58,020,000 $232,080 $2,192 8.14%
    Home Improvement 148 $11,590,000 $78,311 $1,961 8.15%
    Other 113 $9,425,000 $83,407 $2,271 7.88%
    Cash Out Refi 5 $1,035,000 $207,000 $3,668 6.60%

    For 2024, Cb&s Bank's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 250 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 483 $86,895,000 $179,907 $1,692 8.65%
    30 Year 244 $69,950,000 $286,680 $4,154 6.80%
    5 Year 67 $12,445,000 $185,746 $1,533 8.32%
    15 Year 26 $3,280,000 $126,154 $2,906 6.97%
    1 Year 19 $5,865,000 $308,684 $1,971 8.40%
    20 Year 18 $3,540,000 $196,667 $2,609 7.47%
    3 Year 10 $4,550,000 $455,000 $501 8.49%
    10 Year 6 $230,000 $38,333 $1,491 7.54%

    For 2024, Cb&s Bank's most frequently cited loan duration was Other, with 483 originations. The 2nd most popular length was 30 Year, with 244 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 139 $23,465,000 $168,813
    $1k-2k 121 $23,315,000 $192,686
    $2k-3k 39 $9,275,000 $237,821
    $3k-4k 23 $6,735,000 $292,826
    $5k+ 23 $15,545,000 $675,870
    $4k-5k 4 $1,390,000 $347,500

    Cb&s Bank's average total fees were $4,154, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 139 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 192 $53,380,000 $278,021
    7-8% 143 $32,095,000 $224,441
    Over 8% 122 $15,180,000 $124,426
    5-6% 25 $7,575,000 $303,000

    During 2024, Cb&s Bank's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 192 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 389 $18,085,000 $46,491 $1,521 8.37%
    $100k-200k 209 $29,215,000 $139,785 $3,247 7.17%
    $200k-400k 179 $50,145,000 $280,140 $4,141 7.05%
    $400k-600k 54 $25,450,000 $471,296 $5,620 7.15%
    $600k-1MM 23 $17,505,000 $761,087 $8,871 6.87%
    $1MM+ 19 $46,355,000 $2,439,737 $11,542 6.96%

    2024 saw Cb&s Bank place emphasis on $100,000 or less loans with 389 originations, totaling $18,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 162 $26,280,000 $162,222 $3,777 7.55%
    $50k-75k 152 $15,660,000 $103,026 $2,797 7.27%
    $150k-250k 140 $31,690,000 $226,357 $4,531 7.21%
    $50k or less 124 $7,910,000 $63,790 $2,147 7.99%
    $75k-100k 101 $11,695,000 $115,792 $3,112 7.24%
    $250k+ 73 $35,365,000 $484,452 $7,479 7.08%

    Cb&s Bank lent most frequently to those with incomes in the $100k-150k range, with 162 originations. The second most popular income band? $50k-75k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 391 $78,525,000 $200,831 $0 0.00%
    20-30% 89 $16,145,000 $181,404 $2,675 7.53%
    30-36% 80 $17,110,000 $213,875 $3,615 7.34%
    <20% 50 $7,690,000 $153,800 $3,384 7.04%
    50-60% 17 $4,025,000 $236,765 $4,601 8.35%
    37% 15 $2,845,000 $189,667 $2,723 7.35%
    36% 15 $2,365,000 $157,667 $3,427 7.10%
    38% 14 $2,060,000 $147,143 $3,470 7.63%
    41% 14 $3,090,000 $220,714 $3,346 7.13%
    39% 13 $5,755,000 $442,692 $2,790 6.69%
    46% 11 $2,775,000 $252,273 $5,289 7.23%
    40% 10 $1,630,000 $163,000 $2,781 7.91%
    >60% 9 $2,345,000 $260,556 $4,108 8.08%
    47% 9 $2,045,000 $227,222 $2,996 7.00%
    49% 9 $2,015,000 $223,889 $3,622 6.73%
    43% 8 $2,520,000 $315,000 $5,333 6.85%
    48% 8 $3,290,000 $411,250 $6,405 7.53%
    44% 7 $1,865,000 $266,429 $5,808 7.34%
    45% 6 $1,490,000 $248,333 $4,436 7.07%
    42% 6 $1,230,000 $205,000 $3,859 7.43%

    Cb&s Bank lent most frequently to those with DTI ratios of Exempt%, with 391 originations. The next most common DTI ratio? 20-30%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 686 $115,360,000 $168,163 $3,267 7.42%
    Not applicable 92 $52,140,000 $566,739 $0 8.03%
    Not provided 32 $8,650,000 $270,313 $5,635 7.00%
    Black 46 $4,750,000 $103,261 $3,698 8.18%
    Asian 13 $4,655,000 $358,077 $11,138 6.64%
    Guamanian 1 $655,000 $655,000 $20,213 5.75%
    American Indian 3 $545,000 $181,667 $3,182 6.10%

    Approval Rates

    Total approvals of all applications
    84.89%

    Cb&s Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.36%

    Cb&s Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 391 $78,525,000 $200,831
    NA 482 $108,230,000 $224,544

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    873 $186,755,000 $213,923

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $7,220,000 $124,483 $1,830 8.39%
    40-60% 82 $14,890,000 $181,585 $3,110 7.47%
    60-80% 134 $34,470,000 $257,239 $3,893 7.41%
    80-100% 176 $50,110,000 $284,716 $4,241 7.11%
    Over 100% 1 $185,000 $185,000 $0 10.00%
    Under 20% 31 $1,355,000 $43,710 $1,225 8.52%