Cibc Bank Usa Mortgage Rates, Fees & Info

Chicago, IL

LEI: FDXQ75GPEQKRPWABYN63

Tax ID: 36-3722148

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

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Mortgage Data

Bank Data

Review & Overview

Cibc Bank Usa is a small bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Cibc Bank Usa 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.) Their top markets by origination volume include: Chicago, Los Angeles, Miami, Eugene, and Phoenix among others. We have data for 147 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cibc Bank Usa has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cibc Bank Usa 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 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
30 Year Conventional Purchase 6.45% 3/28/24
30 Year Conventional Refi 6.18% 3/28/24
30 Year Cash-out Refi 6.11% 3/28/24
30 Year FHA Purchase 7.35% 3/28/24
30 Year FHA Refi 8.18% 3/28/24
30 Year VA Purchase 6.01% 3/28/24
15 Year Conventional Purchase 6.22% 3/28/24
15 Year Conventional Refi 5.89% 3/28/24
15 Year Cash-out Refi 5.89% 3/28/24
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.

Cibc Bank Usa Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cibc Bank Usa. 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

2,093

Origination Dollar Volume (All Markets)

$1,490,215,000

Employee count

1,698 Show all (14) awards

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,240 $633,340,000 $510,758 $4,622 3.16%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 104 $100,550,000 $966,827 $5,247 2.96%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $51,745,000 $1,916,481 $9,732 2.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $45,220,000 $22,610,000 $0 3.92%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 21 $40,505,000 $1,928,810 $5,231 3.10%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $33,750,000 $4,218,750 $3,122 2.89%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $32,925,000 $32,925,000 $0 2.92%
ST. LOUIS, MO-IL (FHA|USDA|VA) 91 $32,315,000 $355,110 $3,923 3.12%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $27,885,000 $1,467,632 $7,442 2.88%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 8 $25,770,000 $3,221,250 $3,684 2.93%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 23 $23,735,000 $1,031,957 $4,986 2.78%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $23,555,000 $1,811,923 $4,409 3.31%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 58 $21,330,000 $367,759 $3,086 2.96%
Glenwood Springs, CO (FHA|USDA|VA) 3 $21,135,000 $7,045,000 $8,077 1.95%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 41 $19,895,000 $485,244 $3,669 3.08%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 18 $16,070,000 $892,778 $4,791 2.74%
Whitewater, WI (FHA|USDA|VA) 41 $15,495,000 $377,927 $3,082 2.98%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $15,345,000 $3,069,000 $20,695 2.90%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $14,970,000 $680,455 $3,865 2.74%
Outside of Metro Areas 18 $13,660,000 $758,889 $3,980 2.93%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $13,505,000 $13,505,000 $0 4.52%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $12,590,000 $1,259,000 $4,611 3.05%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $11,855,000 $623,947 $3,875 2.89%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $10,105,000 $10,105,000 $0 3.93%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $9,945,000 $1,105,000 $4,733 2.92%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $9,900,000 $990,000 $7,694 2.71%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $8,345,000 $1,669,000 $4,824 2.65%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $8,230,000 $2,057,500 $10,442 2.91%
Heber, UT (FHA|USDA|VA) 6 $7,880,000 $1,313,333 $5,978 2.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $7,470,000 $933,750 $5,154 3.03%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $6,975,000 $1,395,000 $7,604 2.60%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $6,475,000 $588,636 $3,892 3.05%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $6,200,000 $1,033,333 $3,904 2.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 11 $5,705,000 $518,636 $3,562 3.00%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $5,520,000 $2,760,000 $8,601 2.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $5,510,000 $688,750 $5,701 2.92%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $5,365,000 $1,788,333 $11,855 2.63%
SANTA FE, NM (FHA|USDA|VA) 1 $5,255,000 $5,255,000 $25,275 2.88%
NILES, MI (FHA|USDA|VA) 10 $5,190,000 $519,000 $3,926 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $5,185,000 $1,728,333 $8,687 2.86%
SALINAS, CA (FHA|USDA|VA) 2 $4,280,000 $2,140,000 $5,444 2.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $4,140,000 $690,000 $4,529 3.06%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $4,070,000 $1,017,500 $5,060 2.53%
Cullowhee, NC (FHA|USDA|VA) 3 $3,915,000 $1,305,000 $4,714 2.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $3,875,000 $775,000 $5,414 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $3,860,000 $965,000 $5,714 3.06%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $3,465,000 $1,155,000 $4,933 2.67%
Kalispell, MT (FHA|USDA|VA) 4 $3,320,000 $830,000 $5,216 3.50%
RENO, NV (FHA|USDA|VA) 5 $3,265,000 $653,000 $5,132 2.85%
Edwards, CO (FHA|USDA|VA) 4 $3,150,000 $787,500 $4,384 2.79%
GAINESVILLE, FL (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $0 3.22%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $3,090,000 $772,500 $5,206 3.56%
NAPA, CA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $8,739 2.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $3,000,000 $375,000 $4,642 3.02%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,985,000 $597,000 $5,144 3.30%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $2,535,000 $845,000 $5,635 3.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $2,500,000 $1,250,000 $4,171 3.06%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $2,370,000 $592,500 $3,714 2.81%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $2,315,000 $771,667 $6,448 3.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $4,582 2.88%
Bozeman, MT (FHA|USDA|VA) 1 $1,815,000 $1,815,000 $7,404 2.63%
Traverse City, MI (FHA|USDA|VA) 3 $1,685,000 $561,667 $3,900 2.67%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $5,444 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,555,000 $518,333 $3,477 3.08%
BOULDER, CO (FHA|USDA|VA) 3 $1,485,000 $495,000 $3,318 2.71%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $1,470,000 $735,000 $4,777 2.94%
Breckenridge, CO (FHA|USDA|VA) 2 $1,450,000 $725,000 $4,544 2.69%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $6,188 2.63%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $1,385,000 $461,667 $2,912 2.79%
Key West, FL (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $5,665 3.50%
MADISON, WI (FHA|USDA|VA) 5 $1,355,000 $271,000 $3,050 2.83%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,355,000 $451,667 $2,971 2.92%
RICHMOND, VA (FHA|USDA|VA) 2 $1,340,000 $670,000 $4,690 2.75%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $7,341 3.13%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $5,399 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $4,179 2.50%
Holland, MI (FHA|USDA|VA) 2 $1,240,000 $620,000 $3,547 2.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,185,000 $395,000 $3,476 2.75%
LOUISVILLE, KY (FHA|USDA|VA) 2 $1,180,000 $590,000 $3,645 3.06%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,130,000 $565,000 $3,123 2.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,247 2.71%
Easton, MD (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $5,568 2.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $5,082 3.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $985,000 $985,000 $8,322 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $975,000 $325,000 $4,404 2.83%
Jackson, WY-ID (FHA|USDA|VA) 1 $975,000 $975,000 $8,933 2.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $965,000 $965,000 $8,868 2.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $955,000 $955,000 $5,058 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 2 $880,000 $440,000 $3,763 3.06%
Hailey, ID (FHA|USDA|VA) 1 $805,000 $805,000 $5,389 2.63%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $765,000 $765,000 $3,655 2.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $760,000 $380,000 $3,496 2.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $755,000 $755,000 $2,965 2.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $755,000 $755,000 $3,325 2.75%
KANKAKEE, IL (FHA|USDA|VA) 5 $745,000 $149,000 $5,345 3.03%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $735,000 $735,000 $4,884 2.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $735,000 $735,000 $5,098 2.75%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $725,000 $725,000 $3,389 2.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $685,000 $685,000 $4,758 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $650,000 $325,000 $4,747 3.25%
MEDFORD, OR (FHA|USDA|VA) 1 $645,000 $645,000 $6,104 2.88%
Alpena, MI (FHA|USDA|VA) 1 $635,000 $635,000 $3,747 3.00%
TULSA, OK (FHA|USDA|VA) 1 $625,000 $625,000 $5,478 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $615,000 $205,000 $2,627 3.25%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $575,000 $575,000 $0 2.68%
Lebanon, NH-VT (FHA|USDA|VA) 1 $515,000 $515,000 $3,943 2.88%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $505,000 $505,000 $3,038 3.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $505,000 $505,000 $4,198 2.88%
COLUMBUS, OH (FHA|USDA|VA) 3 $505,000 $168,333 $3,355 3.63%
ALBANY, GA (FHA|USDA|VA) 1 $495,000 $495,000 $4,006 2.88%
Athens, TX (FHA|USDA|VA) 1 $475,000 $475,000 $5,758 3.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $475,000 $475,000 $5,016 3.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $465,000 $465,000 $3,222 2.88%
MADERA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $5,044 2.88%
Montrose, CO (FHA|USDA|VA) 1 $395,000 $395,000 $3,204 3.00%
Cookeville, TN (FHA|USDA|VA) 1 $395,000 $395,000 $3,511 3.13%
ANN ARBOR, MI (FHA|USDA|VA) 2 $380,000 $190,000 $2,322 2.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $365,000 $365,000 $3,144 3.13%
Durango, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,056 2.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $2,276 2.88%
Hudson, NY (FHA|USDA|VA) 1 $295,000 $295,000 $5,439 3.38%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $285,000 $285,000 $3,179 3.38%
HARRISONBURG, VA (FHA|USDA|VA) 1 $255,000 $255,000 $2,259 2.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,400 3.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $255,000 $255,000 $3,141 3.13%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $255,000 $255,000 $3,485 3.00%
Kendallville, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,740 3.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,749 3.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $8,345 3.00%
JACKSON, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,430 2.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,757 2.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,689 3.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $3,051 3.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,625 2.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $185,000 $185,000 $3,781 3.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,756 3.38%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,421 4.25%
RACINE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,110 3.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,368 3.75%
ROCKFORD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $6,391 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,101 3.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $125,000 $125,000 $2,735 2.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,084 2.88%
Dixon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $5,780 3.63%
Sturgis, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,790 3.13%
Ottawa, IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,679 4.00%
ERIE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,973 3.25%
Cibc Bank Usa's top markets include Chicago, Los Angeles, Miami, Eugene, and Phoenix among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,854 $1,437,750,000 $775,485 $4,167 3.08%
    FHA 223 $47,715,000 $213,969 $8,724 3.11%
    VA 16 $4,750,000 $296,875 $7,018 3.00%

    For 2020, Cibc Bank Usa's most frequently originated type of loan was Conventional, with 1,854 originations. Their 2nd most popular type was FHA, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 939 $636,695,000 $678,056 $6,282 3.16%
    Refi 798 $437,570,000 $548,333 $3,010 3.00%
    Cash Out Refi 282 $342,940,000 $1,216,099 $3,949 3.03%
    Other 69 $71,705,000 $1,039,203 $5,428 3.06%
    Home Improvement 5 $1,305,000 $261,000 $1,779 4.43%

    For 2020, Cibc Bank Usa's most frequently cited loan purpose was Home Purchase, with 939 originations. The 2nd most popular reason was Refi, with 798 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,838 $1,038,820,000 $565,190 $4,915 3.10%
    15 Year 146 $58,490,000 $400,616 $2,772 2.80%
    20 Year 60 $16,840,000 $280,667 $2,803 3.20%
    Other 18 $176,890,000 $9,827,222 $2,685 3.20%
    10 Year 14 $8,730,000 $623,571 $2,168 3.05%
    5 Year 10 $128,450,000 $12,845,000 $0 3.14%
    3 Year 6 $61,030,000 $10,171,667 $0 3.63%
    30+ year 1 $965,000 $965,000 $11,448 2.63%

    For 2020, Cibc Bank Usa's most frequently cited loan duration was 30 Year, with 1,838 originations. The 2nd most popular length was 15 Year, with 146 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,910 $1,030,920,000 $539,749
    $2k-3k 120 $54,300,000 $452,500
    $3k-4k 16 $6,720,000 $420,000
    $5k+ 9 $6,205,000 $689,444
    $4k-5k 5 $1,965,000 $393,000
    $<1k 4 $400,000 $100,000

    Cibc Bank Usa's average total fees were $4,915, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,910 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 968 $718,580,000 $742,335
    3-4% 828 $380,390,000 $459,408
    <2.5% 221 $357,175,000 $1,616,176
    4-5% 73 $33,285,000 $455,959
    5-6% 3 $785,000 $261,667

    During 2020, Cibc Bank Usa's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 968 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 694 $194,640,000 $280,461 $4,667 3.19%
    $100k-200k 410 $63,000,000 $153,659 $4,405 3.23%
    $400k-600k 330 $160,740,000 $487,091 $3,757 3.09%
    $600k-1MM 320 $245,760,000 $768,000 $4,450 2.82%
    $1MM+ 264 $820,350,000 $3,107,386 $7,045 2.79%
    $100,000 or less 75 $5,725,000 $76,333 $3,728 3.44%

    2020 saw Cibc Bank Usa place emphasis on $200k-400k loans with 694 originations, totaling $194,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 606 $644,480,000 $1,063,498 $5,229 2.86%
    $150k-250k 385 $176,255,000 $457,805 $3,700 3.08%
    $50k-75k 298 $59,150,000 $198,490 $5,338 3.24%
    $100k-150k 289 $94,855,000 $328,218 $3,794 3.19%
    $75k-100k 212 $54,330,000 $256,274 $4,924 3.23%
    $50k or less 177 $25,405,000 $143,531 $5,504 3.23%

    Cibc Bank Usa lent most frequently to those with incomes in the $250k+ range, with 606 originations. The second most popular income band? $150k-250k, with 385 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 503 $284,535,000 $565,676 $4,018 3.05%
    30-36% 379 $193,855,000 $511,491 $4,523 3.06%
    <20% 280 $219,330,000 $783,321 $4,442 2.90%
    37% 85 $61,675,000 $725,588 $5,590 3.08%
    38% 84 $40,180,000 $478,333 $4,474 3.11%
    42% 79 $32,485,000 $411,203 $5,166 3.16%
    44% 79 $29,835,000 $377,658 $5,928 3.30%
    40% 78 $41,130,000 $527,308 $4,686 3.12%
    39% 75 $31,385,000 $418,467 $5,437 3.20%
    36% 71 $35,505,000 $500,070 $4,137 3.13%
    43% 68 $20,440,000 $300,588 $5,148 3.28%
    41% 58 $29,010,000 $500,172 $5,052 3.06%
    49% 41 $12,825,000 $312,805 $5,122 3.15%
    46% 41 $18,215,000 $444,268 $5,064 3.15%
    48% 38 $17,320,000 $455,789 $5,413 3.19%
    50-60% 37 $7,955,000 $215,000 $8,583 3.00%
    47% 36 $14,360,000 $398,889 $4,459 3.22%
    45% 28 $9,460,000 $337,857 $4,303 3.25%
    >60% 1 $105,000 $105,000 $0 3.75%

    Cibc Bank Usa lent most frequently to those with DTI ratios of 20-30%, with 503 originations. The next most common DTI ratio? 30-36%, with 379 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,668 $940,460,000 $563,825 $4,557 3.06%
    Not applicable 28 $389,600,000 $13,914,286 $0 3.15%
    Not provided 109 $68,625,000 $629,587 $4,577 3.05%
    Asian 107 $43,195,000 $403,692 $3,821 3.08%
    Black 165 $39,055,000 $236,697 $6,541 3.31%
    Asian Indian 9 $5,115,000 $568,333 $5,689 2.96%
    American Indian 3 $1,565,000 $521,667 $3,687 2.75%
    Other Asian 3 $1,525,000 $508,333 $4,401 2.88%
    Native Hawaiian or Islander 1 $1,075,000 $1,075,000 $2,643 2.88%

    Approval Rates

    Total approvals of all applications
    95.40%

    Cibc Bank Usa 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
    78.69%

    Cibc Bank Usa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,093 $1,490,215,000 $712,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $362,020,000 $20,112,222
    Single Family (1-4 Units):Site-Built 2,075 $1,128,195,000 $543,708

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $61,865,000 $528,761 $3,541 2.83%
    40-60% 356 $336,300,000 $944,663 $4,048 2.93%
    60-80% 846 $790,050,000 $933,865 $4,019 3.08%
    80-100% 754 $288,260,000 $382,308 $5,895 3.20%
    Over 100% 4 $1,070,000 $267,500 $7,004 3.13%
    Under 20% 16 $12,670,000 $791,875 $3,193 3.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cibc Bank Usa 1000 Green Bay Road Winnetka, IL 60093 Full Service B&M $125,125
    Cibc Bank Usa 105th Place And Cicero Avenue Oak Lawn, IL 60453 Full Service B&M $114,264
    Cibc Bank Usa 1110 Jorie Boulevard Oak Brook, IL 60523 Full Service B&M $740,499
    Cibc Bank Usa 11850 South Harlem Avenue Palos Heights, IL 60463 Full Service B&M $147,369
    Cibc Bank Usa 120 South Lasalle Street , Suite 400 Chicago, IL 60603 Full Service B&M $23,167,156
    Cibc Bank Usa 1255 Green Bay Road Wilmette, IL 60091 Full Service B&M $190,405
    Cibc Bank Usa 1401 South Brentwood Blvd, 2nd Floor Saint Louis, MO 63144 Full Service B&M $774,482
    Cibc Bank Usa 14102 South Bell Road Homer Glen, IL 60441 Full Service B&M $156,513
    Cibc Bank Usa 14497 John Humphries Drive Orland Park, IL 60462 Full Service B&M $118,563
    Cibc Bank Usa 149 East Walton 2nd Floor Chicago, IL 60611 Full Service B&M $617,465
    Cibc Bank Usa 1550 Essington Road Joliet, IL 60435 Full Service B&M $45,945
    Cibc Bank Usa 17865 S. 80th Avenue Tinley Park,, IL 60477 Full Service B&M $162,222
    Cibc Bank Usa 23840 West Eames Street Channahon, IL 60410 Full Service B&M $37,053
    Cibc Bank Usa 24 South Second Stereet Saint Charles, IL 60174 Full Service B&M $128,991
    Cibc Bank Usa 3010 S. Kedzie Avenue Chicago, IL 60623 Full Service B&M $13,707
    Cibc Bank Usa 3052 West 111th Street Chicago, IL 60655 Full Service B&M $156,696
    Cibc Bank Usa 34901 Woodward Avenue, Suite 200 Birmingham, MI 48009 Full Service B&M $1,633,332
    Cibc Bank Usa 390 South Woods Mill Rd Chesterfield, MO 63017 Limited, Administrative $0
    Cibc Bank Usa 4007 West Touhy Avenue Lincolnwood, IL 60712 Full Service B&M $294,033
    Cibc Bank Usa 501 West State Street, Suite 101 Geneva, IL 60134 Full Service B&M $56,880
    Cibc Bank Usa 502 West Mondamin Street Minooka, IL 60447 Full Service B&M $114,602
    Cibc Bank Usa 6825 West 111th Street Worth, IL 60482 Full Service B&M $456,523
    Cibc Bank Usa 743 North Water Street Milwaukee, WI 53202 Full Service B&M $364,414
    Cibc Bank Usa 920 South Waukegan Road Lake Forest, IL 60045 Full Service B&M $384,214

    For 2020, Cibc Bank Usa had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,089,510
    Net interest income $921,248
    Total noninterest income $143,906
    Gross Fiduciary activities income $1,236
    Service charges on deposit accounts $43,886
    Trading account gains and fees $10,811
    Additional Noninterest Income $87,973
    Pre-tax net operating income $361,841
    Securities gains (or losses, -) $-10
    Income before extraordinary items $276,783
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $276,783
    Minority interest net income $0
    Net income $276,783
    Sale, conversion, retirement of capital stock, net $401,144
    Net operating income $276,790

    Cibc Bank Usa's gross interest income from loans was $1,089,510,000.
    Cibc Bank Usa's net interest income from loans was $921,248,000.
    Cibc Bank Usa's fee based income from loans was $43,886,000.
    Cibc Bank Usa's net income from loans was $276,783,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $168,262
    Provision for credit losses $245,427
    Total noninterest expense $457,886
    Salaries and employee benefits $322,927
    Premises and equipment expense $35,402
    Additional noninterest expense $99,557
    Applicable income taxes $85,048
    Net charge-offs $69,668
    Cash dividends $0

    Cibc Bank Usa's interest expense for loans was $168,262,000.
    Cibc Bank Usa's payroll and benefits expense were $322,927,000.
    Cibc Bank Usa's property, plant and equipment expenses $35,402,000.

    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 $35,143,259
    Deposits held in domestic offices $35,143,259
    Deposits by Individuals, partnerships, and corporations $33,214,686
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $999,956
    Deposits by Commercial banks and other depository institutions in U.S. $928,617
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $7,911,411
    Demand deposits $7,339,782
    Nontransaction accounts $27,231,849
    Money market deposit accounts (MMDAs) $23,084,598
    Other savings deposits (excluding MMDAs) $2,172,956
    Total time deposits $1,974,294
    Total time and savings deposits $27,803,478
    Noninterest-bearing deposits $11,501,672
    Interest-bearing deposits $23,641,587
    Retail deposits $32,903,331
    IRAs and Keogh plan accounts $85,432
    Brokered deposits $1,818,173
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $44,130,834
    Cash & Balances due from depository institutions $8,099,019
    Interest-bearing balances $7,927,958
    Total securities $6,398,785
    Federal funds sold & reverse repurchase $0
    Net loans and leases $25,807,293
    Loan and leases loss allowance $444,148
    Trading account assets $58,650
    Bank premises and fixed assets $180,179
    Other real estate owned $147
    Goodwill and other intangibles $2,918,073
    All other assets $668,688

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $44,130,834
    Total Liabilities $37,211,806
    Total deposits $35,143,259
    Interest-bearing deposits $23,641,587
    Deposits held in domestic offices $35,143,259
    % insured (estimated) $25
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $2,266
    Other borrowed funds $1,625,927
    Subordinated debt $0
    All other liabilities $440,354

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $25,807,293
    Loan and leases loss allowance $444,148
    Total loans and leases (domestic) $26,251,441
    All real estate loans $11,627,145
    Real estate loans in domestic offices $11,627,145
    Construction and development loans $1,188,878
    Residential 1-4 family construction $333,587
    Other construction, all land development and other land $855,291
    Loans secured by nonfarm nonresidential properties $6,841,579
    Nonfarm nonresidential secured by owner-occupied properties $2,292,424
    Commercial real estate & other non-farm, non-residential $4,549,155
    Multifamily residential real estate $1,791,964
    1-4 family residential loans $1,798,723
    Farmland loans $6,001
    Loans held in foreign offices $0
    Farm loans $15,583
    Commercial and industrial loans $9,504,045
    To non-U.S. addressees $67,398
    Loans to individuals $274,097
    Credit card loans $0
    Related Plans $227,825
    Consumer Auto Loans $8
    Other loans to individuals $46,264
    All other loans & leases $4,981,904
    Loans to foreign governments and official institutions $0
    Other loans $4,978,615
    Loans to depository institutions and acceptances of other banks $1,964
    Loans not secured by real estate $1,474,976
    Loans secured by real estate to non-U.S. addressees $84,108
    Restructured Loans & leases $67,200
    Non 1-4 family restructured loans & leases $67,200
    Total loans and leases (foreign) $0

    CIBC Bank USA had $25,807,293,000 of loans outstanding in 2020. $11,627,145,000 of loans were in real estate loans. $1,188,878,000 of loans were in development loans. $1,791,964,000 of loans were in multifamily mortgage loans. $1,798,723,000 of loans were in 1-4 family mortgage loans. $15,583,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,000 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 220 $86,491 $393,141
    Nonfarm, nonresidential loans - <$100k 8 $365 $45,625
    Nonfarm, nonresidential loans - $100-250k 31 $3,359 $108,355
    Nonfarm, nonresidential loans - $250k-1MM 181 $82,767 $457,276
    Commercial & Industrial, US addressed loans - <$1MM 3,116 $636,114 $204,144
    Commercial & Industrial, US addressed loans - <$100k 1,387 $40,582 $29,259
    Commercial & Industrial, US addressed loans - $100-250k 665 $92,039 $138,405
    Commercial & Industrial, US addressed loans - $250k-1MM 1,064 $503,493 $473,208
    Agriculture operations loans - <$1MM 2 $174 $87,000
    Agriculture operations loans - $100-250k 1 $96 $96,000
    Agriculture operations loans - $250k-1MM 1 $78 $78,000