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

  • Originations
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  • Product Mix
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  • Complaints
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  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
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  • Ethnicity Info
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  • Origination Fees (Closing Costs)

    • Bank Data

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    • Review & Overview

    Cibc Bank Usa is a small bank specializing in Home Purchase and 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Los Angeles, Denver, Detroit, and Miami among others. We have data for 126 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% 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






    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

    1,509

    Origination Dollar Volume (All Markets)

    $1,267,825,000

    Employee count

    1,783 Show all (15) 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) 865 $461,655,000 $533,705 $5,425 3.06%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 51 $66,675,000 $1,307,353 $4,618 2.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $65,770,000 $3,288,500 $5,589 2.53%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 47 $55,095,000 $1,172,234 $4,345 2.98%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $48,805,000 $1,807,593 $10,306 2.45%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $47,290,000 $23,645,000 $3,534 2.68%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 25 $46,495,000 $1,859,800 $9,628 2.65%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $43,875,000 $8,775,000 $4,275 3.37%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 43 $34,025,000 $791,279 $4,557 3.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $22,550,000 $2,818,750 $5,279 2.90%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 14 $22,060,000 $1,575,714 $6,554 2.50%
    Outside of Metro Areas 27 $21,755,000 $805,741 $4,813 2.76%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 19 $20,505,000 $1,079,211 $5,110 2.58%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $19,215,000 $768,600 $5,425 2.58%
    Heber, UT (FHA|USDA|VA) 8 $18,900,000 $2,362,500 $11,518 2.59%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 38 $16,130,000 $424,474 $3,657 2.81%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $13,875,000 $1,982,143 $12,065 2.57%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $12,255,000 $942,692 $5,616 2.70%
    Whitewater, WI (FHA|USDA|VA) 24 $11,690,000 $487,083 $3,739 2.83%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $10,325,000 $938,636 $7,866 2.70%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $10,035,000 $1,433,571 $5,500 2.48%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 3.36%
    NILES, MI (FHA|USDA|VA) 7 $9,605,000 $1,372,143 $7,018 2.86%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $8,960,000 $896,000 $5,805 2.78%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $8,810,000 $4,405,000 $7,273 3.04%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $8,790,000 $2,197,500 $5,641 2.44%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $8,055,000 $1,150,714 $6,921 2.45%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $7,705,000 $7,705,000 $0 2.12%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $7,040,000 $1,173,333 $8,526 2.71%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $6,940,000 $1,156,667 $5,956 2.40%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $6,595,000 $732,778 $4,653 2.76%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $5,775,000 $1,155,000 $7,520 2.73%
    Glenwood Springs, CO (FHA|USDA|VA) 4 $5,520,000 $1,380,000 $5,388 2.38%
    Edwards, CO (FHA|USDA|VA) 6 $5,240,000 $873,333 $4,958 2.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $4,270,000 $2,135,000 $5,789 2.25%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $4,055,000 $811,000 $4,600 2.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $4,045,000 $809,000 $8,186 2.35%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $3,665,000 $733,000 $6,771 2.70%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $3,425,000 $1,141,667 $6,433 2.92%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $3,020,000 $1,510,000 $7,999 2.56%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,905,000 $968,333 $3,808 2.54%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $2,865,000 $409,286 $3,652 2.89%
    Bozeman, MT (FHA|USDA|VA) 1 $2,855,000 $2,855,000 $9,210 2.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $2,700,000 $450,000 $6,502 3.04%
    Cullowhee, NC (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $6,859 2.25%
    SALINAS, CA (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $10,968 2.50%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $9,508 2.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $2,410,000 $1,205,000 $10,070 2.44%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $4,229 2.69%
    BOULDER, CO (FHA|USDA|VA) 2 $2,270,000 $1,135,000 $4,395 2.56%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,930,000 $321,667 $4,664 2.67%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $1,930,000 $965,000 $7,729 2.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,910,000 $955,000 $7,384 2.69%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,880,000 $470,000 $4,433 2.69%
    COLUMBIA, SC (FHA|USDA|VA) 4 $1,750,000 $437,500 $4,347 2.84%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,380,000 $690,000 $5,684 2.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,345,000 $448,333 $3,263 2.71%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,340,000 $670,000 $3,324 2.50%
    COLUMBUS, OH (FHA|USDA|VA) 2 $1,310,000 $655,000 $4,651 2.50%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $6,575 2.25%
    Traverse City, MI (FHA|USDA|VA) 2 $1,180,000 $590,000 $3,636 2.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $4,723 2.63%
    RICHMOND, VA (FHA|USDA|VA) 2 $1,140,000 $570,000 $4,194 2.69%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $1,105,000 $368,333 $2,588 3.33%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $6,804 2.25%
    Key West, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,408 2.25%
    RENO, NV (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,914 2.50%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $12,553 2.63%
    RACINE, WI (FHA|USDA|VA) 2 $980,000 $490,000 $2,863 2.56%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $970,000 $485,000 $3,941 2.88%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $940,000 $470,000 $2,503 2.67%
    MADISON, WI (FHA|USDA|VA) 1 $915,000 $915,000 $4,325 2.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $845,000 $845,000 $5,874 2.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $840,000 $420,000 $3,553 2.81%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $835,000 $278,333 $4,022 3.00%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $810,000 $405,000 $3,854 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $805,000 $805,000 $7,649 2.38%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $780,000 $390,000 $4,850 3.06%
    Warsaw, IN (FHA|USDA|VA) 1 $755,000 $755,000 $3,305 2.75%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $725,000 $725,000 $5,199 2.25%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $715,000 $715,000 $7,032 2.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $695,000 $695,000 $3,145 2.38%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $675,000 $675,000 $4,497 2.25%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $665,000 $665,000 $4,119 2.25%
    Durango, CO (FHA|USDA|VA) 1 $655,000 $655,000 $3,144 2.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $645,000 $645,000 $6,632 3.38%
    Beaver Dam, WI (FHA|USDA|VA) 1 $605,000 $605,000 $4,303 2.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $605,000 $605,000 $3,570 3.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $585,000 $585,000 $3,743 2.25%
    Holland, MI (FHA|USDA|VA) 1 $575,000 $575,000 $3,942 2.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $555,000 $555,000 $4,243 2.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $515,000 $515,000 $4,787 3.25%
    JACKSON, MS (FHA|USDA|VA) 1 $475,000 $475,000 $5,078 2.38%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $465,000 $465,000 $3,840 3.63%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $465,000 $465,000 $4,225 3.50%
    LANCASTER, PA (FHA|USDA|VA) 1 $445,000 $445,000 $5,745 2.88%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $435,000 $435,000 $3,302 3.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $425,000 $425,000 $3,558 3.25%
    Brainerd, MN (FHA|USDA|VA) 1 $395,000 $395,000 $3,465 3.38%
    Chillicothe, OH (FHA|USDA|VA) 1 $375,000 $375,000 $3,439 3.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,424 2.50%
    STOCKTON, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,909 2.75%
    GREEN BAY, WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.88%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $305,000 $305,000 $3,757 2.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,898 3.25%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $285,000 $285,000 $3,330 2.88%
    RAPID CITY, SD (FHA|USDA|VA) 1 $285,000 $285,000 $3,664 4.25%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,334 3.88%
    ROANOKE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $3,465 2.88%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $4,202 3.25%
    ITHACA, NY (FHA|USDA|VA) 1 $235,000 $235,000 $4,734 2.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $225,000 $225,000 $2,698 2.88%
    Macomb, IL (FHA|USDA|VA) 1 $225,000 $225,000 $4,119 3.75%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,431 3.25%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $215,000 $215,000 $5,399 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,779 3.00%
    Watertown, SD (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.63%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $165,000 $165,000 $11,764 2.75%
    KANKAKEE, IL (FHA|USDA|VA) 1 $155,000 $155,000 $5,710 2.88%
    Mayfield, KY (FHA|USDA|VA) 1 $155,000 $155,000 $4,319 2.88%
    YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,928 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,521 2.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $95,000 $95,000 $3,107 3.13%
    ROCHESTER, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,444 3.50%
    Ottawa, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,963 3.25%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.88%
    Cibc Bank Usa's top markets include Chicago, Los Angeles, Denver, Detroit, and Miami among others.

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

    • Similar Lenders

    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.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    N C P D Federal Credit Union
    Similarity Rank: 102
    Liberty Bank for Savings
    Similarity Rank: 153
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Polish-American Federal Credit Union
    Similarity Rank: 212
    St James Mortgage Corporation
    Similarity Rank: 304
    Town & Country Bank
    Similarity Rank: 328
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,315 $1,222,565,000 $929,707 $4,955 2.89%
    FHA 189 $43,445,000 $229,868 $9,044 3.12%
    VA 4 $1,600,000 $400,000 $8,116 2.84%
    USDA 1 $215,000 $215,000 $5,399 3.00%

    For 2021, Cibc Bank Usa's most frequently originated type of loan was Conventional, with 1,315 originations. Their 2nd most popular type was FHA, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 825 $646,235,000 $783,315 $6,801 3.06%
    Refi 375 $340,855,000 $908,947 $3,488 2.75%
    Cash Out Refi 233 $188,845,000 $810,494 $4,031 2.77%
    Other 64 $77,520,000 $1,211,250 $5,880 2.59%
    Home Improvement 12 $14,370,000 $1,197,500 $3,979 3.20%

    For 2021, Cibc Bank Usa's most frequently cited loan purpose was Home Purchase, with 825 originations. The 2nd most popular reason was Refi, with 375 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,361 $889,745,000 $653,744 $5,721 2.93%
    15 Year 76 $19,830,000 $260,921 $2,982 2.65%
    Other 18 $173,170,000 $9,620,556 $1,939 2.87%
    10 Year 15 $9,965,000 $664,333 $2,207 2.86%
    20 Year 14 $4,310,000 $307,857 $2,861 3.03%
    5 Year 14 $141,000,000 $10,071,429 $0 2.96%
    3 Year 11 $29,805,000 $2,709,545 $0 2.97%

    For 2021, Cibc Bank Usa's most frequently cited loan duration was 30 Year, with 1,361 originations. The 2nd most popular length was 15 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,286 $814,990,000 $633,740
    $2k-3k 125 $79,705,000 $637,640
    $3k-4k 8 $4,020,000 $502,500
    $4k-5k 8 $2,620,000 $327,500
    $5k+ 6 $2,580,000 $430,000
    $<1k 5 $3,005,000 $601,000

    Cibc Bank Usa's average total fees were $5,721, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,286 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 565 $250,475,000 $443,319
    <2.5% 490 $707,400,000 $1,443,673
    2.5-3% 430 $302,540,000 $703,581
    4-5% 23 $7,165,000 $311,522
    5-6% 1 $245,000 $245,000

    During 2021, Cibc Bank Usa's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 3-4%, with 565 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 484 $135,810,000 $280,599 $5,573 3.18%
    $1MM+ 283 $807,175,000 $2,852,208 $7,678 2.45%
    $100k-200k 256 $40,090,000 $156,602 $4,946 3.23%
    $600k-1MM 230 $176,910,000 $769,174 $4,409 2.53%
    $400k-600k 211 $104,335,000 $494,479 $4,790 2.92%
    $100,000 or less 45 $3,505,000 $77,889 $3,831 3.27%

    2021 saw Cibc Bank Usa place emphasis on $200k-400k loans with 484 originations, totaling $135,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 479 $580,795,000 $1,212,516 $6,103 2.55%
    $50k-75k 234 $53,900,000 $230,342 $6,540 3.25%
    $150k-250k 225 $114,675,000 $509,667 $4,124 2.90%
    $100k-150k 183 $63,265,000 $345,710 $4,411 3.03%
    $50k or less 152 $23,510,000 $154,671 $5,839 3.28%
    $75k-100k 142 $38,090,000 $268,239 $5,257 3.24%

    Cibc Bank Usa lent most frequently to those with incomes in the $250k+ range, with 479 originations. The second most popular income band? $50k-75k, with 234 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 324 $223,170,000 $688,796 $4,946 2.85%
    30-36% 276 $184,200,000 $667,391 $5,078 2.88%
    <20% 170 $174,840,000 $1,028,471 $5,555 2.61%
    41% 75 $36,615,000 $488,200 $5,304 3.08%
    40% 61 $33,135,000 $543,197 $5,606 3.01%
    37% 59 $38,265,000 $648,559 $5,586 2.98%
    42% 55 $26,245,000 $477,182 $5,594 3.07%
    39% 54 $37,980,000 $703,333 $6,882 2.98%
    36% 51 $27,885,000 $546,765 $5,272 3.06%
    50-60% 49 $12,445,000 $253,980 $8,670 2.95%
    44% 48 $15,060,000 $313,750 $5,952 3.19%
    38% 47 $30,185,000 $642,234 $5,232 2.82%
    43% 44 $14,930,000 $339,318 $5,811 3.23%
    49% 41 $15,585,000 $380,122 $6,186 3.10%
    48% 36 $17,100,000 $475,000 $5,600 2.99%
    46% 31 $10,905,000 $351,774 $6,761 3.12%
    47% 27 $9,865,000 $365,370 $4,685 3.10%
    45% 23 $8,565,000 $372,391 $5,224 3.03%
    >60% 2 $750,000 $375,000 $4,986 2.81%

    Cibc Bank Usa lent most frequently to those with DTI ratios of 20-30%, with 324 originations. The next most common DTI ratio? 30-36%, with 276 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,160 $778,950,000 $671,509 $5,397 2.89%
    Not applicable 33 $343,185,000 $10,399,545 $0 2.87%
    Not provided 109 $74,765,000 $685,917 $5,478 2.84%
    Black 135 $32,245,000 $238,852 $6,692 3.25%
    Asian 60 $30,970,000 $516,167 $4,704 2.90%
    Asian Indian 4 $3,640,000 $910,000 $4,993 2.88%
    American Indian 6 $2,820,000 $470,000 $7,281 3.21%
    Chinese 1 $705,000 $705,000 $4,850 2.50%
    Other Asian 1 $545,000 $545,000 $1,998 2.88%

    Approval Rates

    Total approvals of all applications
    95.99%

    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
    79.26%

    Cibc Bank Usa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,509 $1,267,825,000 $840,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,509 $1,267,825,000 $840,176

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $65,195,000 $767,000 $4,571 2.63%
    40-60% 245 $309,365,000 $1,262,714 $4,821 2.71%
    60-80% 591 $687,435,000 $1,163,173 $4,866 2.82%
    80-100% 579 $202,925,000 $350,475 $6,534 3.16%
    Under 20% 9 $2,905,000 $322,778 $3,520 2.92%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CIBC BANCORP USA INC. Conventional home mortgage Closing on a mortgage 1 100.0%

    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 $121,948
    Cibc Bank Usa 105th Place And Cicero Avenue Oak Lawn, IL 60453 Full Service B&M $131,850
    Cibc Bank Usa 1110 Jorie Boulevard Oak Brook, IL 60523 Full Service B&M $932,825
    Cibc Bank Usa 11850 South Harlem Avenue Palos Heights, IL 60463 Full Service B&M $137,224
    Cibc Bank Usa 120 S La Salle St, Ste 400 Chicago, IL 60603 Full Service B&M $27,624,839
    Cibc Bank Usa 1255 Green Bay Road Wilmette, IL 60091 Full Service B&M $198,376
    Cibc Bank Usa 1401 South Brentwood Blvd, 2nd Floor Saint Louis, MO 63144 Full Service B&M $1,135,196
    Cibc Bank Usa 14102 South Bell Road Homer Glen, IL 60441 Full Service B&M $173,142
    Cibc Bank Usa 14497 John Humphries Drive Orland Park, IL 60462 Full Service B&M $105,673
    Cibc Bank Usa 149 East Walton 2nd Floor Chicago, IL 60611 Full Service B&M $623,797
    Cibc Bank Usa 1550 Essington Road Joliet, IL 60435 Full Service B&M $41,779
    Cibc Bank Usa 17865 S. 80th Avenue Tinley Park,, IL 60477 Full Service B&M $161,181
    Cibc Bank Usa 23840 West Eames Street Channahon, IL 60410 Full Service B&M $37,275
    Cibc Bank Usa 24 South Second Stereet Saint Charles, IL 60174 Full Service B&M $103,255
    Cibc Bank Usa 3010 S. Kedzie Avenue Chicago, IL 60623 Full Service B&M $8,855
    Cibc Bank Usa 3052 West 111th Street Chicago, IL 60655 Full Service B&M $140,535
    Cibc Bank Usa 34901 Woodward Avenue, Suite 200 Birmingham, MI 48009 Full Service B&M $1,775,899
    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 $450,540
    Cibc Bank Usa 458 E. Pershing Rd. Chicago, IL 60653 Full Service B&M $1,562
    Cibc Bank Usa 501 West State Street, Suite 101 Geneva, IL 60134 Full Service B&M $53,678
    Cibc Bank Usa 502 West Mondamin Street Minooka, IL 60447 Full Service B&M $155,520
    Cibc Bank Usa 6825 West 111th Street Worth, IL 60482 Full Service B&M $563,180
    Cibc Bank Usa 743 North Water Street Milwaukee, WI 53202 Full Service B&M $601,334
    Cibc Bank Usa 920 South Waukegan Road Lake Forest, IL 60045 Full Service B&M $446,000

    For 2021, Cibc Bank Usa had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $994,693
    Net interest income $921,343
    Total noninterest income $201,361
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $50,675
    Trading account gains and fees $12,925
    Additional Noninterest Income $137,761
    Pre-tax net operating income $689,137
    Securities gains (or losses, -) $140
    Income before extraordinary items $526,799
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $526,799
    Minority interest net income $0
    Net income $526,799
    Sale, conversion, retirement of capital stock, net $713
    Net operating income $526,688

    Cibc Bank Usa's gross interest income from loans was $994,693,000.
    Cibc Bank Usa's net interest income from loans was $921,343,000.
    Cibc Bank Usa's fee based income from loans was $50,675,000.
    Cibc Bank Usa's net income from loans was $526,799,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $73,350
    Provision for credit losses $-48,605
    Total noninterest expense $482,172
    Salaries and employee benefits $380,641
    Premises and equipment expense $37,477
    Additional noninterest expense $64,054
    Applicable income taxes $162,478
    Net charge-offs $20,154
    Cash dividends $0

    Cibc Bank Usa's interest expense for loans was $73,350,000.
    Cibc Bank Usa's payroll and benefits expense were $380,641,000.
    Cibc Bank Usa's property, plant and equipment expenses $37,477,000.

    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 $38,874,818
    Deposits held in domestic offices $38,874,818
    Deposits by Individuals, partnerships, and corporations $37,245,843
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $979,490
    Deposits by Commercial banks and other depository institutions in U.S. $649,483
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $8,532,552
    Demand deposits $7,838,990
    Nontransaction accounts $30,342,266
    Money market deposit accounts (MMDAs) $26,504,673
    Other savings deposits (excluding MMDAs) $2,193,808
    Total time deposits $1,643,785
    Total time and savings deposits $31,035,828
    Noninterest-bearing deposits $13,959,753
    Interest-bearing deposits $24,915,065
    Retail deposits $36,755,434
    IRAs and Keogh plan accounts $75,633
    Brokered deposits $2,198,633
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $48,488,487
    Cash & Balances due from depository institutions $9,268,920
    Interest-bearing balances $9,142,209
    Total securities $6,880,169
    Federal funds sold & reverse repurchase $0
    Net loans and leases $28,619,286
    Loan and leases loss allowance $375,389
    Trading account assets $23,353
    Bank premises and fixed assets $163,513
    Other real estate owned $0
    Goodwill and other intangibles $2,885,410
    All other assets $647,836

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $48,488,487
    Total Liabilities $41,114,576
    Total deposits $38,874,818
    Interest-bearing deposits $24,915,065
    Deposits held in domestic offices $38,874,818
    % insured (estimated) $23
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $1,963
    Other borrowed funds $1,832,735
    Subordinated debt $0
    All other liabilities $405,060

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $28,619,286
    Loan and leases loss allowance $375,389
    Total loans and leases (domestic) $28,994,675
    All real estate loans $12,643,469
    Real estate loans in domestic offices $12,643,469
    Construction and development loans $1,394,605
    Residential 1-4 family construction $460,925
    Other construction, all land development and other land $933,680
    Loans secured by nonfarm nonresidential properties $7,649,262
    Nonfarm nonresidential secured by owner-occupied properties $2,684,897
    Commercial real estate & other non-farm, non-residential $4,964,365
    Multifamily residential real estate $1,695,671
    1-4 family residential loans $1,897,931
    Farmland loans $6,000
    Loans held in foreign offices $0
    Farm loans $13,920
    Commercial and industrial loans $9,727,387
    To non-U.S. addressees $24,608
    Loans to individuals $419,680
    Credit card loans $0
    Related Plans $351,357
    Consumer Auto Loans $336
    Other loans to individuals $67,987
    All other loans & leases $6,329,411
    Loans to foreign governments and official institutions $0
    Other loans $6,325,852
    Loans to depository institutions and acceptances of other banks $2,763
    Loans not secured by real estate $1,896,053
    Loans secured by real estate to non-U.S. addressees $267,958
    Restructured Loans & leases $22,012
    Non 1-4 family restructured loans & leases $22,012
    Total loans and leases (foreign) $0

    CIBC Bank USA had $28,619,286,000 of loans outstanding in 2021. $12,643,469,000 of loans were in real estate loans. $1,394,605,000 of loans were in development loans. $1,695,671,000 of loans were in multifamily mortgage loans. $1,897,931,000 of loans were in 1-4 family mortgage loans. $13,920,000 of loans were in farm loans. $0 of loans were in credit card loans. $336,000 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 215 $87,016 $404,726
    Nonfarm, nonresidential loans - <$100k 8 $443 $55,375
    Nonfarm, nonresidential loans - $100-250k 31 $3,349 $108,032
    Nonfarm, nonresidential loans - $250k-1MM 176 $83,224 $472,864
    Commercial & Industrial, US addressed loans - <$1MM 1,671 $307,817 $184,211
    Commercial & Industrial, US addressed loans - <$100k 705 $15,865 $22,504
    Commercial & Industrial, US addressed loans - $100-250k 327 $37,954 $116,067
    Commercial & Industrial, US addressed loans - $250k-1MM 639 $253,998 $397,493
    Agriculture operations loans - <$1MM 1 $132 $132,000
    Agriculture operations loans - $250k-1MM 1 $132 $132,000