Cb&S Bank Mortgage Lending & HMDA Data, 2024
In 2024, Cb&S Bank of Russellville, AL reported 1,218 mortgage applications totaling $250.9 million, up 1% from 2023. The average application was for $206,001, and applicants reported an average income of $130,406. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Huntsville, AL (152), Florence-Muscle Shoals, AL (105) and Decatur, AL (74) (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 | 1,218 |
| Total Mortgage Loan Application Amount | $250,910,000 |
| Average Mortgage Loan Application Amount | $206,001 |
| Highest Mortgage Loan Application Amount | $10,005,000 |
| Average Applicant Income | $130,406 |
| Highest Applicant Income | $2,460,000 |
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Disclosure Act (HMDA) records Cb&S Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 682 | $ 94,440,000 | $ 138,475 | $ 97,271 |
| Huntsville, AL | 152 | $ 40,460,000 | $ 266,184 | $ 174,000 |
| Florence-Muscle Shoals, AL | 105 | $ 39,075,000 | $ 372,142 | $ 142,000 |
| Decatur, AL | 74 | $ 11,360,000 | $ 153,513 | $ 115,000 |
| Montgomery, AL | 58 | $ 15,180,000 | $ 261,724 | $ 235,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 45 | $ 18,385,000 | $ 408,555 | $ 226,000 |
| Birmingham-Hoover, AL | 37 | $ 12,435,000 | $ 336,081 | $ 195,000 |
| Tuscaloosa, AL | 18 | $ 7,070,000 | $ 392,777 | $ 285,000 |
| Auburn-Opelika, AL | 11 | $ 3,765,000 | $ 342,272 | $ 347,000 |
| Jackson, TN | 8 | $ 1,530,000 | $ 191,250 | $ 87,000 |
| Memphis, TN-MS-AR | 7 | $ 1,145,000 | $ 163,571 | $ 100,428 |
| Clarksville, TN-KY | 6 | $ 1,990,000 | $ 331,666 | $ 116,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 490,000 | $ 245,000 | $ 134,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 150,000 | $ 75,000 | $ 42,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 1,510,000 | $ 755,000 | $ 0 |
| Mobile, AL | 2 | $ 50,000 | $ 25,000 | $ 32,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 235,000 | $ 235,000 | $ 77,000 |
| Dothan, AL | 1 | $ 185,000 | $ 185,000 | $ 129,000 |
| Gadsden, AL | 1 | $ 125,000 | $ 125,000 | $ 65,000 |
| Jackson, MS | 1 | $ 55,000 | $ 55,000 | $ 102,000 |
| Knoxville, TN | 1 | $ 205,000 | $ 205,000 | $ 330,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 875,000 | $ 875,000 | $ 1,073,000 |
| Panama City, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cb&S Bank in 2024
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 | 509 | $148,885,000 | $292,000 | $7,605,000 | $150,000 | $2,460,000 |
| Refinancing | 303 | $69,195,000 | $228,000 | $10,005,000 | $135,000 | $1,948,000 |
| Home Improvement | 218 | $16,170,000 | $74,000 | $1,005,000 | $112,000 | $739,000 |
| Other Purpose | 166 | $13,300,000 | $80,000 | $505,000 | $92,000 | $418,000 |
| Cash-out Refinancing | 22 | $3,360,000 | $152,000 | $365,000 | $86,000 | $297,000 |
| 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 | 869 | $140,175,000 | $161,000 | $2,915,000 | $131,000 | $2,460,000 |
| Not applicable | 105 | $72,575,000 | $691,000 | $10,005,000 | $0 | $0 |
| Black or African American | 96 | $8,330,000 | $86,000 | $635,000 | $86,000 | $291,000 |
| Hispanic | 76 | $10,710,000 | $140,000 | $1,005,000 | $91,000 | $417,000 |
| Not Provided | 46 | $10,800,000 | $234,000 | $1,005,000 | $198,000 | $1,073,000 |
| Asian | 21 | $7,055,000 | $335,000 | $1,855,000 | $257,000 | $1,263,000 |
| American Indian or Alaskan Native | 4 | $610,000 | $152,000 | $295,000 | $124,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $655,000 | $655,000 | $655,000 | $265,000 | $265,000 |
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) | 1,168 | $239,290,000 | $204,000 | $10,005,000 | $131,000 | $2,460,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $2,940,000 | $147,000 | $255,000 | $59,000 | $90,000 |
| VA-guaranteed (Veterans Administration) | 17 | $6,685,000 | $393,000 | $765,000 | $132,000 | $265,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,995,000 | $153,000 | $315,000 | $85,000 | $297,000 |
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 | 873 | $186,755,000 | $213,000 | $10,005,000 | $148,000 | $2,460,000 |
| Application Denied By Financial Institution | 184 | $21,820,000 | $118,000 | $1,005,000 | $77,000 | $530,000 |
| Application Withdrawn By Applicant | 136 | $39,020,000 | $286,000 | $7,605,000 | $98,000 | $460,000 |
| Application Approved But Not Accepted | 18 | $2,360,000 | $131,000 | $455,000 | $89,000 | $253,000 |
| File Closed For Incompleteness | 7 | $955,000 | $136,000 | $455,000 | $84,000 | $208,000 |
| 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 | 613 | $148,035,000 | $241,000 | $7,605,000 | $128,000 | $2,460,000 |
| Debt-To-Income Ratio | 527 | $94,385,000 | $179,000 | $10,005,000 | $141,000 | $2,460,000 |
| Credit History | 61 | $5,885,000 | $96,000 | $605,000 | $67,000 | $297,000 |
| Collateral | 5 | $865,000 | $173,000 | $325,000 | $60,000 | $77,000 |
| Other | 5 | $625,000 | $125,000 | $235,000 | $61,000 | $77,000 |
| Unverifiable Information | 2 | $330,000 | $165,000 | $295,000 | $66,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $290,000 | $145,000 | $215,000 | $48,000 | $73,000 |
| Credit Application Incomplete | 2 | $170,000 | $85,000 | $105,000 | $50,000 | $68,000 |
| Employment History | 1 | $325,000 | $325,000 | $325,000 | $97,000 | $97,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&S Bank's 2024 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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