Cb&s Bank Mortgage Rates, Fees & Info
Russellville, ALLEI: 549300RTWPH3HXUWR160
Tax ID: 63-0041560
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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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Huntsville, Florence, Nashville, Tuscaloosa, and Decatur among others. We have data for 37 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 an average 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 relatively high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.96% | 11/17/24 |
| 30 Year Conventional Refi | 7.34% | 11/17/24 |
| 30 Year Cash-out Refi | 6.67% | 11/17/24 |
| 30 Year FHA Purchase | 7.22% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.16% | 11/17/24 |
| 30 Year USDA Purchase | 6.71% | 11/17/24 |
| 15 Year Conventional Purchase | 6.87% | 11/17/24 |
| 15 Year Conventional Refi | 7.20% | 11/17/24 |
| 15 Year Cash-out Refi | 7.20% | 11/17/24 |
| 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. | ||
Cb&s Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Cb&s Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
831Origination Dollar Volume (All Markets)
$169,145,000Awards
CB&S Bank - 2023
CB&S Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Cb&s Bank's average 30 year fixed mortgage rate was
6.72%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Cb&s Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,733.
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 $9,089.
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 | 305 | $31,945,000 | $104,738 | $3,133 | 7.34% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 117 | $31,935,000 | $272,949 | $7,689 | 6.81% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 81 | $21,765,000 | $268,704 | $3,636 | 6.92% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 27 | $17,335,000 | $642,037 | $6,606 | 7.64% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 11 | $15,195,000 | $1,381,364 | $3,181 | 7.32% |
| DECATUR, AL (FHA|USDA|VA) | 47 | $7,655,000 | $162,872 | $3,343 | 7.57% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 25 | $7,245,000 | $289,800 | $5,122 | 7.31% |
| MONTGOMERY, AL (FHA|USDA|VA) | 27 | $6,275,000 | $232,407 | $4,763 | 7.56% |
| Corinth, MS (FHA|USDA|VA) | 40 | $5,250,000 | $131,250 | $3,558 | 7.31% |
| Tupelo, MS (FHA|USDA|VA) | 26 | $4,000,000 | $153,846 | $1,902 | 8.00% |
| Alexander City, AL (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $1,849 | 7.24% |
| Clarksdale, MS (FHA|USDA|VA) | 23 | $2,525,000 | $109,783 | $3,683 | 7.21% |
| Cullman, AL (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $5,111 | 6.61% |
| Greenwood, MS (FHA|USDA|VA) | 19 | $1,435,000 | $75,526 | $2,205 | 8.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $8,323 | 6.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $5,334 | 7.81% |
| Starkville, MS (FHA|USDA|VA) | 12 | $1,100,000 | $91,667 | $6,939 | 7.50% |
| JACKSON, TN (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $3,772 | 6.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,911 | 6.73% |
| Albertville, AL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,925 | 7.14% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $31,981 | 5.13% |
| Greenville, MS (FHA|USDA|VA) | 7 | $485,000 | $69,286 | $1,931 | 9.40% |
| Lewisburg, TN (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $2,504 | 6.69% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 8.00% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,843 | 5.59% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,167 | 6.49% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,849 | 6.63% |
| Grenada, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,684 | 6.38% |
| Jasper, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.86% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,519 | 8.78% |
| Indianola, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,828 | 5.75% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.10% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
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.
Similarity Rank: 24
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Similarity Rank: 450
Product Mix
For 2023, Cb&s Bank's most frequently originated type of loan was Conventional, with 438 originations. Their 2nd most popular type was HELOC, with 338 originations.
Loan Reason
For 2023, Cb&s Bank's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Refi, with 200 originations.
Loan Duration/Length
For 2023, Cb&s Bank's most frequently cited loan duration was Other, with 419 originations. The 2nd most popular length was 30 Year, with 284 originations.
Origination Fees/Closing Costs
Cb&s Bank's average total fees were $4,733, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 178 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 182 | $42,590,000 | $234,011 |
| 7-8% | 124 | $23,640,000 | $190,645 |
| Over 8% | 121 | $27,915,000 | $230,702 |
| 5-6% | 65 | $17,395,000 | $267,615 |
| 4-5% | 1 | $35,000 | $35,000 |
During 2023, Cb&s Bank's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 182 originations.
Loan Sizing
2023 saw Cb&s Bank place emphasis on $100,000 or less loans with 399 originations, totaling $19,395,000 in origination value.
Applicant Income
Cb&s Bank lent most frequently to those with incomes in the $50k or less range, with 154 originations. The second most popular income band? $100k-150k, with 148 originations.
Applicant Debt to Income Ratio
Cb&s Bank lent most frequently to those with DTI ratios of Exempt%, with 338 originations. The next most common DTI ratio? 20-30%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.14%
Cb&s Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.62%
Cb&s Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 338 | $57,570,000 | $170,325 |
| NA | 493 | $111,575,000 | $226,318 |