Cumberland Valley National Bank & Trust Company Mortgage Rates, Fees & Info
East Bernstadt, KYLEI: 549300OULGV8ZW0JV320
Tax ID: 61-0262618
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Cumberland Valley National Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Cumberland Valley National Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: London, Lexington, Richmond, Somerset, and Louisville among others. We have data for 26 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 a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
403Origination Dollar Volume (All Markets)
$76,575,000Employee count
136Top 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 |
|---|---|---|---|---|---|
| London, KY (FHA|USDA|VA) | 137 | $21,245,000 | $155,073 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 81 | $17,615,000 | $217,469 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 59 | $10,845,000 | $183,814 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 38 | $6,020,000 | $158,421 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 29 | $5,385,000 | $185,690 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 4 | $3,730,000 | $932,500 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $3,650,000 | $608,333 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $3,000,000 | $150,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Maysville, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 403 | $76,575,000 | $190,012 | $0 | 0.00% |
For 2020, Cumberland Valley National Bank & Trust Company's most frequently originated type of loan was Conventional, with 403 originations.
Loan Reason
For 2020, Cumberland Valley National Bank & Trust Company's most frequently cited loan purpose was Refi, with 192 originations. The 2nd most popular reason was Home Purchase, with 139 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 403 | $76,575,000 | $190,012 | $0 | 0.00% |
For 2020, Cumberland Valley National Bank & Trust Company's most frequently cited loan duration was Other, with 403 originations.
Loan Sizing
2020 saw Cumberland Valley National Bank & Trust Company place emphasis on $100k-200k loans with 197 originations, totaling $28,465,000 in origination value.
Applicant Income
Cumberland Valley National Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $50k-75k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 403 | $76,575,000 | $190,012 | $0 | 0.00% |
Cumberland Valley National Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 403 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.48%
Cumberland Valley National Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.59%
Cumberland Valley National Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 403 | $76,575,000 | $190,012 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Cumberland Valley National Bank & Trust Company | 1851 Kentucky 192, Wal-Mart Store #1113, London, KY 40741 | Full Service Retail | $12,674 |
| Cumberland Valley National Bank & Trust Company | 100 S Main St London, KY 40743 | Full Service B&M | $176,874 |
| Cumberland Valley National Bank & Trust Company | 1112 Highway 490 East Bernstadt, KY 40729 | Full Service B&M | $20,099 |
| Cumberland Valley National Bank & Trust Company | 1200 Cumberland Falls Highway Corbin, KY 40701 | Full Service B&M | $57,999 |
| Cumberland Valley National Bank & Trust Company | 1376 Master St Corbin, KY 40701 | Full Service B&M | $24,543 |
| Cumberland Valley National Bank & Trust Company | 1520 S Hwy 27 Somerset, KY 42501 | Full Service B&M | $56,660 |
| Cumberland Valley National Bank & Trust Company | 1721 Nicholasville Road Lexington, KY 40503 | Full Service B&M | $2,088 |
| Cumberland Valley National Bank & Trust Company | 1755 N Main St London, KY 40741 | Full Service B&M | $20,599 |
| Cumberland Valley National Bank & Trust Company | 2110 Lexington Rd Richmond, KY 40475 | Full Service B&M | $83,184 |
| Cumberland Valley National Bank & Trust Company | 235 Glades Road Berea, KY 40403 | Full Service B&M | $20,994 |
| Cumberland Valley National Bank & Trust Company | 300 London Shopping Center London, KY 40741 | Full Service B&M | $20,532 |
| Cumberland Valley National Bank & Trust Company | 410 South Laurel Rd London, KY 40741 | Full Service B&M | $10,836 |
| Cumberland Valley National Bank & Trust Company | 505 Leighway Dr Richmond, KY 40475 | Full Service B&M | $27,220 |
| Cumberland Valley National Bank & Trust Company | 900 Beasley Street Lexington, KY 40509 | Full Service B&M | $21,145 |
For 2020, Cumberland Valley National Bank & Trust Company had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $20,621 |
| Net interest income | $17,224 |
| Total noninterest income | $6,869 |
| Gross Fiduciary activities income | $279 |
| Service charges on deposit accounts | $990 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,600 |
| Pre-tax net operating income | $4,866 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,959 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,959 |
| Minority interest net income | $0 |
| Net income | $3,959 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,959 |
Cumberland Valley National Bank & Trust Company's gross interest income from loans was $20,621,000.
Cumberland Valley National Bank & Trust Company's net interest income from loans was $17,224,000.
Cumberland Valley National Bank & Trust Company's fee based income from loans was $990,000.
Cumberland Valley National Bank & Trust Company's net income from loans was $3,959,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,397 |
| Provision for credit losses | $654 |
| Total noninterest expense | $18,573 |
| Salaries and employee benefits | $9,435 |
| Premises and equipment expense | $2,182 |
| Additional noninterest expense | $6,956 |
| Applicable income taxes | $907 |
| Net charge-offs | $230 |
| Cash dividends | $363 |
Cumberland Valley National Bank & Trust Company's interest expense for loans was $3,397,000.
Cumberland Valley National Bank & Trust Company's payroll and benefits expense were $9,435,000.
Cumberland Valley National Bank & Trust Company's property, plant and equipment expenses $2,182,000.
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 | 3.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| 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 | $571,619 |
| Deposits held in domestic offices | $571,619 |
| Deposits by Individuals, partnerships, and corporations | $493,756 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $77,863 |
| 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 | $300,843 |
| Demand deposits | $185,834 |
| Nontransaction accounts | $270,776 |
| Money market deposit accounts (MMDAs) | $20,800 |
| Other savings deposits (excluding MMDAs) | $61,295 |
| Total time deposits | $188,681 |
| Total time and savings deposits | $385,785 |
| Noninterest-bearing deposits | $185,834 |
| Interest-bearing deposits | $385,785 |
| Retail deposits | $474,511 |
| IRAs and Keogh plan accounts | $21,073 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $631,865 |
| Cash & Balances due from depository institutions | $119,813 |
| Interest-bearing balances | $109,000 |
| Total securities | $78,049 |
| Federal funds sold & reverse repurchase | $98 |
| Net loans and leases | $407,975 |
| Loan and leases loss allowance | $4,961 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,986 |
| Other real estate owned | $1,144 |
| Goodwill and other intangibles | $140 |
| All other assets | $15,660 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $631,865 |
| Total Liabilities | $573,515 |
| Total deposits | $571,619 |
| Interest-bearing deposits | $385,785 |
| Deposits held in domestic offices | $571,619 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $358 |
| Subordinated debt | $0 |
| All other liabilities | $1,538 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $407,975 |
| Loan and leases loss allowance | $4,961 |
| Total loans and leases (domestic) | $412,936 |
| All real estate loans | $307,015 |
| Real estate loans in domestic offices | $307,015 |
| Construction and development loans | $26,089 |
| Residential 1-4 family construction | $8,383 |
| Other construction, all land development and other land | $17,706 |
| Loans secured by nonfarm nonresidential properties | $161,869 |
| Nonfarm nonresidential secured by owner-occupied properties | $75,803 |
| Commercial real estate & other non-farm, non-residential | $86,066 |
| Multifamily residential real estate | $22,802 |
| 1-4 family residential loans | $88,642 |
| Farmland loans | $7,613 |
| Loans held in foreign offices | $0 |
| Farm loans | $894 |
| Commercial and industrial loans | $79,575 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $12,536 |
| Credit card loans | $2,316 |
| Related Plans | $608 |
| Consumer Auto Loans | $3,082 |
| Other loans to individuals | $6,530 |
| All other loans & leases | $12,916 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6,428 |
| 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 | $426 |
| Non 1-4 family restructured loans & leases | $103 |
| Total loans and leases (foreign) | $0 |
Cumberland Valley National Bank & Trust Company had $407,975,000 of loans outstanding in 2020. $307,015,000 of loans were in real estate loans. $26,089,000 of loans were in development loans. $22,802,000 of loans were in multifamily mortgage loans. $88,642,000 of loans were in 1-4 family mortgage loans. $894,000 of loans were in farm loans. $2,316,000 of loans were in credit card loans. $3,082,000 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 | 164 | $42,931 | $261,774 |
| Nonfarm, nonresidential loans - <$100k | 26 | $1,135 | $43,654 |
| Nonfarm, nonresidential loans - $100-250k | 45 | $5,417 | $120,378 |
| Nonfarm, nonresidential loans - $250k-1MM | 93 | $36,379 | $391,172 |
| Commercial & Industrial, US addressed loans - <$1MM | 471 | $42,038 | $89,253 |
| Commercial & Industrial, US addressed loans - <$100k | 327 | $8,612 | $26,336 |
| Commercial & Industrial, US addressed loans - $100-250k | 79 | $10,250 | $129,747 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 65 | $23,176 | $356,554 |
| Farmland loans - <$1MM | 60 | $5,332 | $88,867 |
| Farmland loans - <$100k | 31 | $1,256 | $40,516 |
| Farmland loans - $100-250k | 21 | $2,252 | $107,238 |
| Farmland loans - $250k-1MM | 8 | $1,824 | $228,000 |
| Agriculture operations loans - <$1MM | 23 | $894 | $38,870 |
| Agriculture operations loans - <$100k | 18 | $331 | $18,389 |
| Agriculture operations loans - $100-250k | 2 | $275 | $137,500 |
| Agriculture operations loans - $250k-1MM | 3 | $288 | $96,000 |