Cb&s Bank Mortgage Rates, Fees & Info

Russellville, AL

LEI: 549300RTWPH3HXUWR160

Tax ID: 63-0041560

5 stars - Updated: 5/26/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 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 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.

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) 6.27% 5/26/24
30 Year Conventional Purchase 6.96% 5/26/24
30 Year Conventional Refi 7.34% 5/26/24
30 Year Cash-out Refi 6.67% 5/26/24
30 Year FHA Purchase 7.22% 5/26/24
30 Year FHA Refi 6.27% 5/26/24
30 Year VA Purchase 6.16% 5/26/24
30 Year USDA Purchase 6.71% 5/26/24
15 Year Conventional Purchase 6.87% 5/26/24
15 Year Conventional Refi 7.20% 5/26/24
15 Year Cash-out Refi 7.20% 5/26/24
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

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

831

Origination Dollar Volume (All Markets)

$169,145,000
Show all (6) awards

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%
Cb&s Bank's top markets include Huntsville, Florence, Nashville, Tuscaloosa, and Decatur among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 438 $97,050,000 $221,575 $3,393 7.41%
    HELOC 338 $57,570,000 $170,325 n/a 0.00%
    VA 20 $8,750,000 $437,500 $10,255 6.25%
    FHA 19 $3,595,000 $189,211 $7,075 6.85%
    USDA 16 $2,180,000 $136,250 $5,160 6.47%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 367 $106,745,000 $290,858 $4,926 6.98%
    Refi 200 $41,330,000 $206,650 $1,653 8.05%
    Home Improvement 134 $9,430,000 $70,373 $1,939 7.75%
    Other 116 $9,520,000 $82,069 $2,232 8.01%
    Cash Out Refi 14 $2,120,000 $151,429 $4,719 6.92%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 419 $63,935,000 $152,589 $1,387 8.49%
    30 Year 284 $72,860,000 $256,549 $4,733 6.72%
    5 Year 62 $8,660,000 $139,677 $1,753 8.23%
    15 Year 21 $2,315,000 $110,238 $2,986 6.82%
    20 Year 18 $1,410,000 $78,333 $1,847 7.52%
    1 Year 17 $4,815,000 $283,235 $4,965 8.63%
    3 Year 7 $14,925,000 $2,132,143 $599 7.80%
    10 Year 3 $225,000 $75,000 $2,327 6.36%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 178 $29,610,000 $166,348
    $1k-2k 95 $15,165,000 $159,632
    $2k-3k 38 $9,940,000 $261,579
    $5k+ 29 $13,465,000 $464,310
    $3k-4k 23 $7,055,000 $306,739
    $4k-5k 15 $5,125,000 $341,667

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 399 $19,395,000 $48,609 $1,892 8.02%
    $100k-200k 201 $28,285,000 $140,721 $3,471 6.99%
    $200k-400k 149 $42,115,000 $282,651 $5,376 6.90%
    $400k-600k 49 $23,445,000 $478,469 $7,511 6.68%
    $600k-1MM 19 $14,105,000 $742,368 $6,854 7.01%
    $1MM+ 14 $41,800,000 $2,985,714 $12,545 7.60%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 154 $10,380,000 $67,403 $2,430 7.47%
    $100k-150k 148 $24,620,000 $166,351 $5,505 7.11%
    $50k-75k 131 $13,315,000 $101,641 $3,313 7.42%
    $150k-250k 115 $28,225,000 $245,435 $5,216 6.80%
    $75k-100k 104 $15,050,000 $144,712 $4,382 7.03%
    $250k+ 69 $26,665,000 $386,449 $4,834 7.47%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 338 $57,570,000 $170,325 $0 0.00%
    20-30% 100 $15,130,000 $151,300 $3,181 7.13%
    30-36% 79 $17,185,000 $217,532 $4,293 6.91%
    <20% 51 $8,765,000 $171,863 $2,990 7.24%
    >60% 20 $2,540,000 $127,000 $1,662 8.78%
    50-60% 17 $3,965,000 $233,235 $6,119 7.36%
    36% 17 $3,135,000 $184,412 $4,779 7.86%
    42% 16 $3,620,000 $226,250 $3,951 7.28%
    40% 13 $3,575,000 $275,000 $4,552 6.50%
    38% 12 $2,800,000 $233,333 $3,031 7.05%
    41% 11 $2,545,000 $231,364 $3,555 6.94%
    43% 11 $2,755,000 $250,455 $6,053 7.56%
    37% 10 $2,300,000 $230,000 $4,008 7.50%
    39% 10 $2,290,000 $229,000 $5,563 7.26%
    48% 9 $1,865,000 $207,222 $3,928 7.54%
    49% 9 $2,845,000 $316,111 $8,633 6.69%
    44% 9 $1,965,000 $218,333 $4,566 6.58%
    47% 7 $1,555,000 $222,143 $4,189 6.48%
    46% 7 $1,165,000 $166,429 $3,019 7.60%
    45% 7 $2,975,000 $425,000 $5,932 6.57%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 660 $107,210,000 $162,439 $3,908 7.15%
    Not applicable 89 $47,845,000 $537,584 $0 7.97%
    Black 51 $5,525,000 $108,333 $3,358 8.32%
    Not provided 18 $4,290,000 $238,333 $6,040 6.68%
    Asian 11 $4,065,000 $369,545 $11,450 6.76%
    American Indian 2 $210,000 $105,000 $3,469 6.56%

    Approval Rates

    Total approvals of all applications
    85.14%

    Cb&s Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.62%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    831 $169,145,000 $203,544

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $5,755,000 $97,542 $1,953 7.61%
    40-60% 74 $10,920,000 $147,568 $2,771 7.53%
    60-80% 153 $48,325,000 $315,850 $4,354 7.47%
    80-100% 180 $43,890,000 $243,833 $4,868 6.94%
    Over 100% 3 $1,855,000 $618,333 $23,866 6.21%
    Under 20% 24 $830,000 $34,583 $1,176 7.89%