Cb&S Bank Mortgage Lending & HMDA Data, 2023
In 2023, Cb&S Bank of Russellville, AL reported 1,211 mortgage applications totaling $244.8 million, down 16% from 2022. The average application was for $202,167, and applicants reported an average income of $124,400. 69% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Huntsville, AL (160), Florence-Muscle Shoals, AL (101) and Decatur, AL (78) (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 | 1,211 |
| Total Mortgage Loan Application Amount | $244,825,000 |
| Average Mortgage Loan Application Amount | $202,167 |
| Highest Mortgage Loan Application Amount | $12,755,000 |
| Average Applicant Income | $124,400 |
| Highest Applicant Income | $3,481,000 |
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Disclosure Act (HMDA) records Cb&S Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 705 | $ 89,555,000 | $ 127,028 | $ 99,184 |
| Huntsville, AL | 160 | $ 41,610,000 | $ 260,062 | $ 156,000 |
| Florence-Muscle Shoals, AL | 101 | $ 23,355,000 | $ 231,237 | $ 101,000 |
| Decatur, AL | 78 | $ 12,320,000 | $ 157,948 | $ 97,000 |
| Montgomery, AL | 43 | $ 8,145,000 | $ 189,418 | $ 112,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 33 | $ 18,815,000 | $ 570,151 | $ 467,000 |
| Birmingham-Hoover, AL | 32 | $ 9,160,000 | $ 286,250 | $ 223,000 |
| Tuscaloosa, AL | 19 | $ 31,805,000 | $ 1,673,947 | $ 365,000 |
| Auburn-Opelika, AL | 7 | $ 1,545,000 | $ 220,714 | $ 292,000 |
| Jackson, TN | 7 | $ 1,095,000 | $ 156,428 | $ 213,000 |
| Memphis, TN-MS-AR | 7 | $ 1,535,000 | $ 219,285 | $ 86,714 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,560,000 | $ 390,000 | $ 355,000 |
| Daphne-Fairhope-Foley, AL | 4 | $ 1,080,000 | $ 270,000 | $ 166,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 500,000 | $ 250,000 | $ 316,000 |
| Jackson, MS | 2 | $ 270,000 | $ 135,000 | $ 36,000 |
| Chattanooga, TN-GA | 1 | $ 275,000 | $ 275,000 | $ 182,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 415,000 | $ 415,000 | $ 275,000 |
| Jacksonville, FL | 1 | $ 385,000 | $ 385,000 | $ 107,000 |
| Mobile, AL | 1 | $ 285,000 | $ 285,000 | $ 100,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 535,000 | $ 535,000 | $ 150,000 |
| Panama City, FL | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 245,000 | $ 245,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Cb&S Bank in 2023
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 533 | $151,055,000 | $283,000 | $12,755,000 | $139,000 | $3,481,000 |
| Refinancing | 260 | $60,280,000 | $231,000 | $12,515,000 | $120,000 | $1,488,000 |
| Home Improvement | 212 | $15,290,000 | $72,000 | $1,205,000 | $102,000 | $430,000 |
| Other Purpose | 179 | $14,395,000 | $80,000 | $1,005,000 | $121,000 | $1,216,000 |
| Cash-out Refinancing | 27 | $3,805,000 | $140,000 | $355,000 | $77,000 | $311,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 895 | $137,265,000 | $153,000 | $2,005,000 | $128,000 | $3,481,000 |
| Black or African American | 115 | $11,935,000 | $103,000 | $525,000 | $85,000 | $507,000 |
| Not applicable | 100 | $77,270,000 | $772,000 | $12,755,000 | $0 | $0 |
| Hispanic | 61 | $7,615,000 | $124,000 | $625,000 | $92,000 | $541,000 |
| Not Provided | 24 | $5,560,000 | $231,000 | $865,000 | $181,000 | $1,093,000 |
| Asian | 13 | $4,835,000 | $371,000 | $1,305,000 | $245,000 | $730,000 |
| American Indian or Alaskan Native | 3 | $345,000 | $115,000 | $165,000 | $62,000 | $81,000 |
| 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) | 1,130 | $225,420,000 | $199,000 | $12,755,000 | $127,000 | $3,481,000 |
| FHA-insured (Federal Housing Administration) | 36 | $6,480,000 | $180,000 | $445,000 | $64,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 24 | $10,320,000 | $430,000 | $725,000 | $135,000 | $248,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $2,605,000 | $124,000 | $185,000 | $49,000 | $85,000 |
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 | 831 | $169,145,000 | $203,000 | $12,515,000 | $138,000 | $3,481,000 |
| Application Denied By Financial Institution | 180 | $44,280,000 | $246,000 | $12,755,000 | $72,000 | $375,000 |
| Application Withdrawn By Applicant | 150 | $21,930,000 | $146,000 | $605,000 | $100,000 | $550,000 |
| Application Approved But Not Accepted | 36 | $6,410,000 | $178,000 | $725,000 | $171,000 | $1,340,000 |
| File Closed For Incompleteness | 14 | $3,060,000 | $218,000 | $1,205,000 | $147,000 | $483,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 642 | $136,700,000 | $212,000 | $12,515,000 | $122,000 | $2,715,000 |
| Debt-To-Income Ratio | 495 | $86,165,000 | $174,000 | $12,755,000 | $134,000 | $3,481,000 |
| Credit History | 51 | $3,585,000 | $70,000 | $355,000 | $64,000 | $294,000 |
| Collateral | 11 | $3,895,000 | $354,000 | $3,005,000 | $79,000 | $203,000 |
| Other | 6 | $13,380,000 | $2,230,000 | $12,515,000 | $74,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $615,000 | $205,000 | $265,000 | $79,000 | $112,000 |
| Unverifiable Information | 1 | $45,000 | $45,000 | $45,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $55,000 | $55,000 | $55,000 | $24,000 | $24,000 |
| Employment History | 1 | $385,000 | $385,000 | $385,000 | $107,000 | $107,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&S Bank's 2023 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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