Cumberland Valley National Bank & Trust Company Mortgage Rates, Fees & Info

East Bernstadt, KY

LEI: 549300OULGV8ZW0JV320

Tax ID: 61-0262618

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cumberland Valley National Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Cumberland Valley National Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, London, Somerset, Richmond, and Frankfort among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cumberland Valley National Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    126

    Origination Dollar Volume (All Markets)

    $22,230,000

    Employee count

    132

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 31 $9,505,000 $306,613 $0 0.00%
    London, KY (FHA|USDA|VA) 57 $6,495,000 $113,947 $0 0.00%
    Somerset, KY (FHA|USDA|VA) 9 $2,155,000 $239,444 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 12 $1,830,000 $152,500 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 10 $1,120,000 $112,000 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    Outside of Metro Areas 4 $360,000 $90,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Cumberland Valley National Bank & Trust Company's top markets include Lexington, London, Somerset, Richmond, and Frankfort among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $22,230,000 $176,429 $0 0.00%

    For 2019, Cumberland Valley National Bank & Trust Company's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $13,685,000 $161,000 $0 0.00%
    Refi 22 $6,530,000 $296,818 $0 0.00%
    Cash Out Refi 10 $1,560,000 $156,000 $0 0.00%
    Home Improvement 8 $300,000 $37,500 $0 0.00%
    Other 1 $155,000 $155,000 $0 0.00%

    For 2019, Cumberland Valley National Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $22,230,000 $176,429 $0 0.00%

    For 2019, Cumberland Valley National Bank & Trust Company's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $3,220,000 $57,500 $0 0.00%
    $100k-200k 43 $5,985,000 $139,186 $0 0.00%
    $200k-400k 11 $3,085,000 $280,455 $0 0.00%
    $400k-600k 10 $5,020,000 $502,000 $0 0.00%
    $600k-1MM 6 $4,920,000 $820,000 $0 0.00%

    2019 saw Cumberland Valley National Bank & Trust Company place emphasis on $100,000 or less loans with 56 originations, totaling $3,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,070,000 $66,875 $0 0.00%
    $75k-100k 15 $1,155,000 $77,000 $0 0.00%
    $150k-250k 14 $3,760,000 $268,571 $0 0.00%
    $100k-150k 12 $1,480,000 $123,333 $0 0.00%
    $50k-75k 12 $1,270,000 $105,833 $0 0.00%
    $250k+ 6 $2,820,000 $470,000 $0 0.00%

    Cumberland Valley National Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $22,230,000 $176,429 $0 0.00%

    Cumberland Valley National Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $10,460,000 $217,917 $0 0.00%
    White 73 $9,985,000 $136,781 $0 0.00%
    Black 4 $1,640,000 $410,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.84%

    Cumberland Valley National Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.86%

    Cumberland Valley National Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $22,230,000 $176,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $4,720,000 $590,000
    Single Family (1-4 Units):Manufactured 11 $615,000 $55,909
    Single Family (1-4 Units):Site-Built 107 $16,895,000 $157,897

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cumberland Valley National Bank & Trust Company 100 S Main St London, KY 40743 Full Service B&M $152,702
    Cumberland Valley National Bank & Trust Company 1112 Highway 490 East Bernstadt, KY 40729 Full Service B&M $19,177
    Cumberland Valley National Bank & Trust Company 1200 Cumberland Falls Highway Corbin, KY 40701 Full Service B&M $45,636
    Cumberland Valley National Bank & Trust Company 1376 Master St Corbin, KY 40701 Full Service B&M $17,859
    Cumberland Valley National Bank & Trust Company 1520 S Hwy 27 Somerset, KY 42501 Full Service B&M $44,615
    Cumberland Valley National Bank & Trust Company 1721 Nicholasville Road Lexington, KY 40503 Full Service B&M $52
    Cumberland Valley National Bank & Trust Company 1755 N Main St London, KY 40741 Full Service B&M $17,779
    Cumberland Valley National Bank & Trust Company 1851 Kentucky 192, Wal-Mart Store #1113, London, KY 40741 Full Service Retail $11,331
    Cumberland Valley National Bank & Trust Company 2110 Lexington Rd Richmond, KY 40475 Full Service B&M $73,983
    Cumberland Valley National Bank & Trust Company 235 Glades Road Berea, KY 40403 Full Service B&M $15,129
    Cumberland Valley National Bank & Trust Company 300 London Shopping Center London, KY 40741 Full Service B&M $17,305
    Cumberland Valley National Bank & Trust Company 410 South Laurel Rd London, KY 40741 Full Service B&M $9,117
    Cumberland Valley National Bank & Trust Company 505 Leighway Dr Richmond, KY 40475 Full Service B&M $16,063
    Cumberland Valley National Bank & Trust Company 900 Beasley Street Lexington, KY 40509 Full Service B&M $23,966

    For 2019, Cumberland Valley National Bank & Trust Company had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,832
    Net interest income $16,880
    Total noninterest income $5,733
    Gross Fiduciary activities income $224
    Service charges on deposit accounts $1,256
    Trading account gains and fees $0
    Additional Noninterest Income $4,253
    Pre-tax net operating income $4,202
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,564
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,564
    Minority interest net income $0
    Net income $3,564
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,564

    Cumberland Valley National Bank & Trust Company's gross interest income from loans was $20,832,000.
    Cumberland Valley National Bank & Trust Company's net interest income from loans was $16,880,000.
    Cumberland Valley National Bank & Trust Company's fee based income from loans was $1,256,000.
    Cumberland Valley National Bank & Trust Company's net income from loans was $3,564,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,952
    Provision for credit losses $390
    Total noninterest expense $18,021
    Salaries and employee benefits $9,443
    Premises and equipment expense $2,052
    Additional noninterest expense $6,526
    Applicable income taxes $638
    Net charge-offs $234
    Cash dividends $680

    Cumberland Valley National Bank & Trust Company's interest expense for loans was $3,952,000.
    Cumberland Valley National Bank & Trust Company's payroll and benefits expense were $9,443,000.
    Cumberland Valley National Bank & Trust Company's property, plant and equipment expenses $2,052,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.3%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $462,442
    Deposits held in domestic offices $462,442
    Deposits by Individuals, partnerships, and corporations $399,811
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $62,631
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $220,700
    Demand deposits $127,390
    Nontransaction accounts $241,742
    Money market deposit accounts (MMDAs) $15,272
    Other savings deposits (excluding MMDAs) $46,968
    Total time deposits $179,502
    Total time and savings deposits $335,052
    Noninterest-bearing deposits $127,390
    Interest-bearing deposits $335,052
    Retail deposits $373,175
    IRAs and Keogh plan accounts $20,041
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $518,388
    Cash & Balances due from depository institutions $58,747
    Interest-bearing balances $50,531
    Total securities $75,608
    Federal funds sold & reverse repurchase $65
    Net loans and leases $358,456
    Loan and leases loss allowance $4,537
    Trading account assets $0
    Bank premises and fixed assets $9,324
    Other real estate owned $980
    Goodwill and other intangibles $264
    All other assets $14,944

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $518,388
    Total Liabilities $464,810
    Total deposits $462,442
    Interest-bearing deposits $335,052
    Deposits held in domestic offices $462,442
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $590
    Subordinated debt $0
    All other liabilities $1,778

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $358,456
    Loan and leases loss allowance $4,537
    Total loans and leases (domestic) $362,993
    All real estate loans $299,090
    Real estate loans in domestic offices $299,090
    Construction and development loans $21,434
    Residential 1-4 family construction $7,569
    Other construction, all land development and other land $13,865
    Loans secured by nonfarm nonresidential properties $163,997
    Nonfarm nonresidential secured by owner-occupied properties $78,248
    Commercial real estate & other non-farm, non-residential $85,749
    Multifamily residential real estate $15,414
    1-4 family residential loans $89,839
    Farmland loans $8,406
    Loans held in foreign offices $0
    Farm loans $1,100
    Commercial and industrial loans $37,952
    To non-U.S. addressees $0
    Loans to individuals $10,452
    Credit card loans $2,547
    Related Plans $835
    Consumer Auto Loans $2,551
    Other loans to individuals $4,519
    All other loans & leases $14,399
    Loans to foreign governments and official institutions $0
    Other loans $6,776
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $453
    Non 1-4 family restructured loans & leases $106
    Total loans and leases (foreign) $0

    Cumberland Valley National Bank & Trust Company had $358,456,000 of loans outstanding in 2019. $299,090,000 of loans were in real estate loans. $21,434,000 of loans were in development loans. $15,414,000 of loans were in multifamily mortgage loans. $89,839,000 of loans were in 1-4 family mortgage loans. $1,100,000 of loans were in farm loans. $2,547,000 of loans were in credit card loans. $2,551,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 168 $39,953 $237,815
    Nonfarm, nonresidential loans - <$100k 34 $1,380 $40,588
    Nonfarm, nonresidential loans - $100-250k 48 $5,909 $123,104
    Nonfarm, nonresidential loans - $250k-1MM 86 $32,664 $379,814
    Commercial & Industrial, US addressed loans - <$1MM 223 $21,576 $96,753
    Commercial & Industrial, US addressed loans - <$100k 131 $2,884 $22,015
    Commercial & Industrial, US addressed loans - $100-250k 47 $4,240 $90,213
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $14,452 $321,156
    Farmland loans - <$1MM 70 $6,241 $89,157
    Farmland loans - <$100k 37 $1,355 $36,622
    Farmland loans - $100-250k 23 $2,561 $111,348
    Farmland loans - $250k-1MM 10 $2,325 $232,500
    Agriculture operations loans - <$1MM 26 $1,100 $42,308
    Agriculture operations loans - <$100k 23 $532 $23,130
    Agriculture operations loans - $250k-1MM 3 $568 $189,333