Cb&S Bank Mortgage Lending & HMDA Data, 2008
In 2008, Cb&S Bank of Russellville, AL reported 884 mortgage applications totaling $71.0 million, up 4% from 2007. The average application was for $80,268, and applicants reported an average income of $57,680. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Florence-Muscle Shoals, AL (83), Decatur, AL (66) and Huntsville, AL (15) (applications in parentheses).
| Mortgage Company & Address | Cb&S Bank 200 Jackson Ave. S. Russellville, AL 35653 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 884 |
| Total Mortgage Loan Application Amount | $70,957,000 |
| Average Mortgage Loan Application Amount | $80,268 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $57,680 |
| Highest Applicant Income | $1,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cb&S Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Franklin, Alabama | 240 | $ 12,932,000 | $ 53,883 | $ 47,000 |
| Hardeman, Tennessee | 102 | $ 3,341,000 | $ 32,754 | $ 43,000 |
| Marshall, Tennessee | 95 | $ 5,560,000 | $ 58,526 | $ 57,000 |
| Colbert, Alabama | 52 | $ 5,155,000 | $ 99,134 | $ 66,000 |
| Lawrence, Alabama | 47 | $ 3,415,000 | $ 72,659 | $ 46,000 |
| Lincoln, Tennessee | 43 | $ 3,706,000 | $ 86,186 | $ 55,000 |
| Lauderdale, Alabama | 31 | $ 4,404,000 | $ 142,064 | $ 62,000 |
| Alcorn, Mississippi | 27 | $ 2,932,000 | $ 108,592 | $ 56,000 |
| Tippah, Mississippi | 26 | $ 1,508,000 | $ 58,000 | $ 61,000 |
| Washington, Mississippi | 24 | $ 962,000 | $ 40,083 | $ 44,000 |
| Morgan, Alabama | 19 | $ 2,647,000 | $ 139,315 | $ 63,000 |
| Giles, Tennessee | 19 | $ 1,280,000 | $ 67,368 | $ 65,000 |
| Itawamba, Mississippi | 16 | $ 798,000 | $ 49,875 | $ 36,000 |
| Tishomingo, Mississippi | 15 | $ 548,000 | $ 36,533 | $ 44,000 |
| Coahoma, Mississippi | 14 | $ 802,000 | $ 57,285 | $ 50,000 |
| Leflore, Mississippi | 12 | $ 760,000 | $ 63,333 | $ 108,000 |
| Madison, Alabama | 11 | $ 7,039,000 | $ 639,909 | $ 277,000 |
| Marion, Alabama | 9 | $ 375,000 | $ 41,666 | $ 33,000 |
| Carroll, Mississippi | 6 | $ 576,000 | $ 96,000 | $ 108,000 |
| Webster, Mississippi | 6 | $ 321,000 | $ 53,500 | $ 57,000 |
| Oktibbeha, Mississippi | 5 | $ 713,000 | $ 142,600 | $ 74,000 |
| Bedford, Tennessee | 5 | $ 187,000 | $ 37,400 | $ 33,000 |
| Jefferson, Alabama | 4 | $ 621,000 | $ 155,250 | $ 67,000 |
| Limestone, Alabama | 4 | $ 590,000 | $ 147,500 | $ 84,000 |
| Lawrence, Tennessee | 4 | $ 640,000 | $ 160,000 | $ 95,000 |
| Madison, Tennessee | 4 | $ 240,000 | $ 60,000 | $ 83,000 |
| Maury, Tennessee | 4 | $ 139,000 | $ 34,750 | $ 59,000 |
| Baldwin, Alabama | 2 | $ 899,000 | $ 449,500 | $ 159,000 |
| Mobile, Alabama | 2 | $ 124,000 | $ 62,000 | $ 41,000 |
| Bolivar, Mississippi | 2 | $ 680,000 | $ 340,000 | $ 0 |
| Grenada, Mississippi | 2 | $ 50,000 | $ 25,000 | $ 63,000 |
| Sunflower, Mississippi | 2 | $ 639,000 | $ 319,500 | $ 0 |
| Chester, Tennessee | 2 | $ 43,000 | $ 21,500 | $ 47,000 |
| Davidson, Tennessee | 2 | $ 239,000 | $ 119,500 | $ 138,000 |
| Fayette, Tennessee | 2 | $ 125,000 | $ 62,500 | $ 64,000 |
| Rutherford, Tennessee | 2 | $ 132,000 | $ 66,000 | $ 109,000 |
| Cullman, Alabama | 1 | $ 986,000 | $ 986,000 | $ 0 |
| Lee, Alabama | 1 | $ 11,000 | $ 11,000 | $ 48,000 |
| Montgomery, Alabama | 1 | $ 1,300,000 | $ 1,300,000 | $ 0 |
| Shelby, Alabama | 1 | $ 302,000 | $ 302,000 | $ 188,000 |
| Tuscaloosa, Alabama | 1 | $ 110,000 | $ 110,000 | $ 148,000 |
| Winston, Alabama | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Walton, Florida | 1 | $ 702,000 | $ 702,000 | $ 589,000 |
| Benton, Mississippi | 1 | $ 144,000 | $ 144,000 | $ 84,000 |
| DeSoto, Mississippi | 1 | $ 104,000 | $ 104,000 | $ 71,000 |
| Lafayette, Mississippi | 1 | $ 11,000 | $ 11,000 | $ 150,000 |
| Lee, Mississippi | 1 | $ 30,000 | $ 30,000 | $ 30,000 |
| Montgomery, Mississippi | 1 | $ 31,000 | $ 31,000 | $ 42,000 |
| Panola, Mississippi | 1 | $ 24,000 | $ 24,000 | $ 63,000 |
| Prentiss, Mississippi | 1 | $ 353,000 | $ 353,000 | $ 0 |
| Tunica, Mississippi | 1 | $ 143,000 | $ 143,000 | $ 46,000 |
| Monmouth, New Jersey | 1 | $ 190,000 | $ 190,000 | $ 141,000 |
| Hardin, Tennessee | 1 | $ 709,000 | $ 709,000 | $ 0 |
| Haywood, Tennessee | 1 | $ 60,000 | $ 60,000 | $ 86,000 |
| Hickman, Tennessee | 1 | $ 150,000 | $ 150,000 | $ 678,000 |
| McNairy, Tennessee | 1 | $ 181,000 | $ 181,000 | $ 44,000 |
| Shelby, Tennessee | 1 | $ 160,000 | $ 160,000 | $ 73,000 |
| Warren, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cb&S Bank in 2008
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 555 | $44,766,000 | $80,000 | $1,300,000 | $57,000 | $730,000 |
| Home Purchase | 231 | $24,093,000 | $104,000 | $2,500,000 | $63,000 | $1,600,000 |
| Home Improvement | 98 | $2,098,000 | $21,000 | $143,000 | $49,000 | $258,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 656 | $47,298,000 | $72,000 | $2,500,000 | $65,000 | $1,600,000 |
| Black or African American | 107 | $4,678,000 | $43,000 | $420,000 | $43,000 | $166,000 |
| Hispanic | 56 | $2,664,000 | $47,000 | $160,000 | $35,000 | $99,000 |
| Not applicable | 51 | $12,618,000 | $247,000 | $1,300,000 | $0 | $0 |
| Not Provided | 5 | $327,000 | $65,000 | $148,000 | $55,000 | $89,000 |
| American Indian or Alaskan Native | 5 | $1,718,000 | $343,000 | $1,280,000 | $192,000 | $730,000 |
| Asian | 4 | $1,654,000 | $413,000 | $1,054,000 | $95,000 | $233,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 881 | $70,657,000 | $80,000 | $2,500,000 | $58,000 | $1,600,000 |
| FHA-insured (Federal Housing Administration) | 2 | $157,000 | $78,000 | $123,000 | $29,000 | $44,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $143,000 | $143,000 | $143,000 | $73,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 681 | $54,258,000 | $79,000 | $2,500,000 | $59,000 | $1,600,000 |
| Application Denied By Financial Institution | 119 | $7,722,000 | $64,000 | $340,000 | $42,000 | $274,000 |
| Application Withdrawn By Applicant | 84 | $8,977,000 | $106,000 | $450,000 | $65,000 | $300,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 77 | $4,071,000 | $52,000 | $225,000 | $40,000 | $233,000 |
| Debt-To-Income Ratio | 33 | $2,932,000 | $88,000 | $340,000 | $42,000 | $138,000 |
| Collateral | 3 | $106,000 | $35,000 | $75,000 | $35,000 | $65,000 |
| Other | 2 | $369,000 | $184,000 | $244,000 | $161,000 | $274,000 |
| Employment History | 2 | $94,000 | $47,000 | $93,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $150,000 | $75,000 | $78,000 | $26,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&S Bank's 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Cb&S Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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