Mortgage lender · Muscatine, IA · LEI 5493003X0GM1DHJIWC22

CBI Bank & Trust review: approval odds, rates and grade (2025)

CBI Bank & Trust earns a C, in line with the typical performance of small mortgage lenders. It turned down 13.8% of the applications it decided on in 2025, which ranks in the 34th percentile for approval odds. Its median loan was priced 0.53 points above the average prime offer rate, ranking in the 27th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

984Applications2025
78.5%Originatedof applications
13.8%Decision denial ratenational 22.6%
7.13%Median ratenational 6.63%
$108MLoan volume12 states

CBI Bank & Trust at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

12.7%Denial rate (all applications)-5.28 pts vs national
13.8%Denial rate (decided applications)-8.84 pts vs national
78.5%Origination rate+20.43 pts vs national
7.6%Withdrawn by applicant
0.0%Closed for incompleteness
7.13%Median interest rate+0.50 pts vs national
0.53Median rate spread (pts over APOR)+0.28 pts vs national
$75,000Median loan amount
$2,357Median total loan costs
$100kMedian applicant income
75%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

34th13.8% denied

Pricingmedian rate spread over APOR, weight 30%

27th0.53 pts

Processwithdrawn + incomplete share, weight 15%

69th7.6%

Closing coststotal loan costs ÷ loan amount, weight 10%

16th3.14% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202385868112.5%13.4%7.50%$97M
202495974513.6%14.8%7.50%$98M
202598477212.7%13.8%7.13%$108M

What CBI Bank & Trust lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 392 40% · 5.6% denied
Refinance 292 30% · 13.0% denied
Cash-out refinance 12 1% · 25.0% denied
Home improvement 215 22% · 17.7% denied
Other / HELOC 73 7% · 32.9% denied

By loan type

Conventional 983 100% · 12.7% denied
FHA 1 0% · 0.0% denied

Also: 274 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 222 investment properties.

Why CBI Bank & Trust denies applications

Primary reason reported for each of the 125 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 56 45%
Credit history 34 27%
Employment history 11 9%
Collateral 11 9%
Incomplete application 10 8%
Unverifiable information 2 2%
Other 1 1%

How these reasons compare nationally →

Who gets approved at CBI Bank & Trust

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1358331.7%
$50k – $100k26819616.6%
$100k – $150k19515811.6%
$150k – $250k1361177.9%
Over $250k92748.4%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25332513.8%
25–341128514.0%
35–4418014314.8%
45–5418414114.8%
55–6418413916.5%
65–741017614.4%
Over 74674821.0%

Where CBI Bank & Trust lends

12 states and 65 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois52741413.1%7.25%#122
Iowa39931811.0%7.00%#57
Wisconsin442727.3%7.50%#346

Frequently asked questions

CBI Bank & Trust denied 13.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 34th percentile of small mortgage lenders.

The most common reason CBI Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 44.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans CBI Bank & Trust originated in 2025 was 7.13%, and its median rate spread over the average prime offer rate was 0.53 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 40% of its applications were for home purchases, 31% for refinancing (including cash-out), and 29% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with CBI Bank & Trust. Data sources · Methodology