Cb&S Bank Mortgage Lending & HMDA Data, 2020
In 2020, Cb&S Bank of Russellville, AL reported 1,539 mortgage applications totaling $266.3 million, up 45% from 2019. The average application was for $173,005, and applicants reported an average income of $101,443. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Birmingham-Hoover, AL (300), Huntsville, AL (147) and Decatur, AL (102) (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 | 1,539 |
| Total Mortgage Loan Application Amount | $266,255,000 |
| Average Mortgage Loan Application Amount | $173,005 |
| Highest Mortgage Loan Application Amount | $2,575,000 |
| Average Applicant Income | $101,443 |
| Highest Applicant Income | $2,415,000 |
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Disclosure Act (HMDA) records Cb&S Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Cb&S Bank in 2020
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 | 671 | $116,835,000 | $174,000 | $2,025,000 | $93,000 | $2,415,000 |
| Refinancing | 646 | $116,100,000 | $179,000 | $2,575,000 | $115,000 | $1,248,000 |
| Cash-out Refinancing | 142 | $29,190,000 | $205,000 | $515,000 | $105,000 | $316,000 |
| Home Improvement | 43 | $2,015,000 | $46,000 | $255,000 | $50,000 | $230,000 |
| Other Purpose | 37 | $2,115,000 | $57,000 | $235,000 | $64,000 | $254,000 |
| 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 | 1,261 | $219,855,000 | $174,000 | $1,605,000 | $105,000 | $2,415,000 |
| Black or African American | 109 | $12,025,000 | $110,000 | $455,000 | $72,000 | $300,000 |
| Not applicable | 77 | $21,915,000 | $284,000 | $2,575,000 | $0 | $0 |
| Hispanic | 52 | $4,030,000 | $77,000 | $295,000 | $58,000 | $385,000 |
| Asian | 21 | $5,485,000 | $261,000 | $515,000 | $112,000 | $259,000 |
| Not Provided | 19 | $2,945,000 | $155,000 | $515,000 | $113,000 | $322,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,415 | $247,075,000 | $174,000 | $2,575,000 | $105,000 | $2,415,000 |
| FHA-insured (Federal Housing Administration) | 63 | $9,555,000 | $151,000 | $335,000 | $62,000 | $143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 48 | $5,290,000 | $110,000 | $245,000 | $45,000 | $87,000 |
| VA-guaranteed (Veterans Administration) | 13 | $4,335,000 | $333,000 | $525,000 | $97,000 | $160,000 |
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 | 1,233 | $225,095,000 | $182,000 | $2,575,000 | $108,000 | $2,415,000 |
| Application Denied By Financial Institution | 148 | $17,070,000 | $115,000 | $515,000 | $55,000 | $250,000 |
| Application Withdrawn By Applicant | 129 | $20,515,000 | $159,000 | $505,000 | $99,000 | $1,359,000 |
| Application Approved But Not Accepted | 26 | $3,360,000 | $129,000 | $315,000 | $81,000 | $220,000 |
| File Closed For Incompleteness | 3 | $215,000 | $71,000 | $125,000 | $60,000 | $64,000 |
| 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 | 1,391 | $249,185,000 | $179,000 | $2,575,000 | $107,000 | $2,415,000 |
| Credit History | 89 | $7,515,000 | $84,000 | $515,000 | $51,000 | $250,000 |
| Debt-To-Income Ratio | 37 | $6,595,000 | $178,000 | $515,000 | $60,000 | $200,000 |
| Collateral | 7 | $1,085,000 | $155,000 | $255,000 | $72,000 | $104,000 |
| Other | 7 | $915,000 | $130,000 | $295,000 | $50,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $480,000 | $120,000 | $235,000 | $50,000 | $80,000 |
| Unverifiable Information | 2 | $180,000 | $90,000 | $155,000 | $45,000 | $50,000 |
| Mortgage Insurance Denied | 1 | $245,000 | $245,000 | $245,000 | $77,000 | $77,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $54,000 | $54,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&S Bank's 2020 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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