Cibc Bank Usa Mortgage Rates, Fees & Info
Chicago, ILLEI: FDXQ75GPEQKRPWABYN63
Tax ID: 36-3722148
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 12/17/24 |
| 30 Year Conventional Refi | 6.18% | 12/17/24 |
| 30 Year Cash-out Refi | 6.11% | 12/17/24 |
| 30 Year FHA Purchase | 7.35% | 12/17/24 |
| 30 Year FHA Refi | 8.18% | 12/17/24 |
| 30 Year VA Purchase | 6.01% | 12/17/24 |
| 15 Year Conventional Purchase | 6.22% | 12/17/24 |
| 15 Year Conventional Refi | 5.89% | 12/17/24 |
| 15 Year Cash-out Refi | 5.89% | 12/17/24 |
| 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. | ||
Cibc Bank Usa Mortgage Calculator
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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
2,093Origination Dollar Volume (All Markets)
$1,490,215,000Employee count
1,698Awards
CIBC Bank USA - 2020
CIBC Bank USA is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| 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% |
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We use machine learning to identify the top lenders compared against CIBC Bank USA 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 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
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
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
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
2020 saw Cibc Bank Usa place emphasis on $200k-400k loans with 694 originations, totaling $194,640,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.40%
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 origination78.69%
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
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 |