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 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, Crestview, Tuscaloosa, Nashville, and Florence among others. We have data for 42 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
| 30 Year Conventional Purchase | 6.96% | 9/1/24 |
| 30 Year Conventional Refi | 7.34% | 9/1/24 |
| 30 Year Cash-out Refi | 6.67% | 9/1/24 |
| 30 Year FHA Purchase | 7.22% | 9/1/24 |
| 30 Year FHA Refi | 6.27% | 9/1/24 |
| 30 Year VA Purchase | 6.16% | 9/1/24 |
| 30 Year USDA Purchase | 6.71% | 9/1/24 |
| 15 Year Conventional Purchase | 6.87% | 9/1/24 |
| 15 Year Conventional Refi | 7.20% | 9/1/24 |
| 15 Year Cash-out Refi | 7.20% | 9/1/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,015Origination Dollar Volume (All Markets)
$199,815,000Awards
CB&S Bank - 2022
CB&S Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 | 363 | $36,315,000 | $100,041 | $2,604 | 5.82% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 135 | $31,025,000 | $229,815 | $4,519 | 5.28% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $18,280,000 | $3,046,667 | $11,929 | 4.87% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 20 | $17,820,000 | $891,000 | $3,814 | 4.45% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 21 | $13,285,000 | $632,619 | $5,192 | 4.65% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 67 | $13,285,000 | $198,284 | $2,421 | 5.32% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 39 | $11,895,000 | $305,000 | $6,320 | 4.82% |
| MONTGOMERY, AL (FHA|USDA|VA) | 61 | $11,015,000 | $180,574 | $2,770 | 5.30% |
| DECATUR, AL (FHA|USDA|VA) | 59 | $8,995,000 | $152,458 | $3,049 | 5.25% |
| Corinth, MS (FHA|USDA|VA) | 44 | $6,520,000 | $148,182 | $3,569 | 5.28% |
| Tupelo, MS (FHA|USDA|VA) | 42 | $4,700,000 | $111,905 | $2,036 | 5.36% |
| Lewisburg, TN (FHA|USDA|VA) | 24 | $3,210,000 | $133,750 | $2,967 | 5.45% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 10 | $3,160,000 | $316,000 | $2,367 | 5.03% |
| Albertville, AL (FHA|USDA|VA) | 11 | $2,595,000 | $235,909 | $4,479 | 5.92% |
| Clarksdale, MS (FHA|USDA|VA) | 22 | $2,380,000 | $108,182 | $2,619 | 5.07% |
| Starkville, MS (FHA|USDA|VA) | 14 | $1,890,000 | $135,000 | $3,569 | 4.59% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $5,680 | 4.86% |
| Cullman, AL (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $3,467 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,696 | 4.13% |
| Greenville, MS (FHA|USDA|VA) | 14 | $990,000 | $70,714 | $2,054 | 6.82% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 4.42% |
| Alexander City, AL (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $4,326 | 5.25% |
| Jasper, AL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,644 | 4.97% |
| Greenwood, MS (FHA|USDA|VA) | 10 | $760,000 | $76,000 | $4,177 | 6.27% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,870 | 3.99% |
| JACKSON, TN (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,627 | 5.72% |
| Oxford, MS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 4.00% |
| Dyersburg, TN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,600 | 4.44% |
| Grenada, MS (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,006 | 4.50% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,399 | 5.04% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,167 | 5.06% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,250 | 5.03% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,495 | 6.63% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,768 | 3.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,621 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.13% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,492 | 4.88% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,648 | 4.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,894 | 6.38% |
| Indianola, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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.
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Product Mix
For 2022, Cb&s Bank's most frequently originated type of loan was Conventional, with 632 originations. Their 2nd most popular type was HELOC, with 325 originations.
Loan Reason
For 2022, Cb&s Bank's most frequently cited loan purpose was Home Purchase, with 406 originations. The 2nd most popular reason was Refi, with 317 originations.
Loan Duration/Length
For 2022, Cb&s Bank's most frequently cited loan duration was Other, with 455 originations. The 2nd most popular length was 30 Year, with 332 originations.
Origination Fees/Closing Costs
Cb&s Bank's average total fees were $3,714, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.
Interest Rates
During 2022, Cb&s Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 188 originations.
Loan Sizing
2022 saw Cb&s Bank place emphasis on $100,000 or less loans with 484 originations, totaling $24,000,000 in origination value.
Applicant Income
Cb&s Bank lent most frequently to those with incomes in the $50k or less range, with 216 originations. The second most popular income band? $50k-75k, with 180 originations.
Applicant Debt to Income Ratio
Cb&s Bank lent most frequently to those with DTI ratios of Exempt%, with 325 originations. The next most common DTI ratio? 20-30%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.85%
Cb&s Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.72%
Cb&s Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 325 | $47,505,000 | $146,169 |
| NA | 690 | $152,310,000 | $220,739 |