Cumberland Valley National Bank & Trust Company Mortgage Rates, Fees & Info
East Bernstadt, KYLEI: 549300OULGV8ZW0JV320
Tax ID: 61-0262618
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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: Richmond, Lexington, London, Cincinnati, and Bowling Green among others. We have data for 23 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.
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Originations
330Origination Dollar Volume (All Markets)
$129,510,000Employee count
131Top 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 |
|---|---|---|---|---|---|
| Richmond-Berea, KY (FHA|USDA|VA) | 62 | $54,060,000 | $871,935 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 70 | $23,810,000 | $340,143 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 96 | $16,650,000 | $173,438 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 15 | $16,225,000 | $1,081,667 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $4,330,000 | $180,417 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 4 | $4,290,000 | $1,072,500 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 20 | $2,660,000 | $133,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 13 | $1,735,000 | $133,462 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (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% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 330 | $129,510,000 | $392,455 | $0 | 0.00% |
For 2021, Cumberland Valley National Bank & Trust Company's most frequently originated type of loan was Conventional, with 330 originations.
Loan Reason
For 2021, Cumberland Valley National Bank & Trust Company's most frequently cited loan purpose was Refi, with 132 originations. The 2nd most popular reason was Home Purchase, with 131 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 330 | $129,510,000 | $392,455 | $0 | 0.00% |
For 2021, Cumberland Valley National Bank & Trust Company's most frequently cited loan duration was Other, with 330 originations.
Loan Sizing
2021 saw Cumberland Valley National Bank & Trust Company place emphasis on $100k-200k loans with 144 originations, totaling $20,870,000 in origination value.
Applicant Income
Cumberland Valley National Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 330 | $129,510,000 | $392,455 | $0 | 0.00% |
Cumberland Valley National Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 330 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.36%
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 origination92.12%
Cumberland Valley National Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 330 | $129,510,000 | $392,455 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Cumberland Valley National Bank & Trust Company | 100 S Main St London, KY 40741 | Full Service B&M | $185,415 |
| Cumberland Valley National Bank & Trust Company | 1112 Highway 490 East Bernstadt, KY 40729 | Full Service B&M | $19,563 |
| Cumberland Valley National Bank & Trust Company | 1200 Cumberland Falls Highway Corbin, KY 40701 | Full Service B&M | $77,475 |
| Cumberland Valley National Bank & Trust Company | 1376 Master St Corbin, KY 40701 | Full Service B&M | $25,962 |
| Cumberland Valley National Bank & Trust Company | 1520 S Hwy 27 Somerset, KY 42501 | Full Service B&M | $68,614 |
| Cumberland Valley National Bank & Trust Company | 1721 Nicholasville Road Lexington, KY 40503 | Full Service B&M | $7,539 |
| Cumberland Valley National Bank & Trust Company | 1755 N Main St London, KY 40741 | Full Service B&M | $22,652 |
| Cumberland Valley National Bank & Trust Company | 1851 Kentucky 192, Wal-Mart Store #1113, London, KY 40741 | Full Service Retail | $13,814 |
| Cumberland Valley National Bank & Trust Company | 2110 Lexington Rd Richmond, KY 40475 | Full Service B&M | $85,447 |
| Cumberland Valley National Bank & Trust Company | 235 Glades Road Berea, KY 40403 | Full Service B&M | $25,274 |
| Cumberland Valley National Bank & Trust Company | 300 London Shopping Center London, KY 40741 | Full Service B&M | $23,437 |
| Cumberland Valley National Bank & Trust Company | 410 South Laurel Rd London, KY 40741 | Full Service B&M | $13,409 |
| Cumberland Valley National Bank & Trust Company | 505 Leighway Dr Richmond, KY 40475 | Full Service B&M | $30,763 |
| Cumberland Valley National Bank & Trust Company | 900 Beasley Street Lexington, KY 40509 | Full Service B&M | $22,153 |
For 2021, Cumberland Valley National Bank & Trust Company had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,435 |
| Net interest income | $19,658 |
| Total noninterest income | $7,188 |
| Gross Fiduciary activities income | $252 |
| Service charges on deposit accounts | $1,155 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,781 |
| Pre-tax net operating income | $7,240 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $5,598 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,598 |
| Minority interest net income | $0 |
| Net income | $5,598 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,598 |
Cumberland Valley National Bank & Trust Company's gross interest income from loans was $21,435,000.
Cumberland Valley National Bank & Trust Company's net interest income from loans was $19,658,000.
Cumberland Valley National Bank & Trust Company's fee based income from loans was $1,155,000.
Cumberland Valley National Bank & Trust Company's net income from loans was $5,598,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,777 |
| Provision for credit losses | $235 |
| Total noninterest expense | $19,371 |
| Salaries and employee benefits | $9,916 |
| Premises and equipment expense | $2,206 |
| Additional noninterest expense | $7,249 |
| Applicable income taxes | $1,642 |
| Net charge-offs | $56 |
| Cash dividends | $653 |
Cumberland Valley National Bank & Trust Company's interest expense for loans was $1,777,000.
Cumberland Valley National Bank & Trust Company's payroll and benefits expense were $9,916,000.
Cumberland Valley National Bank & Trust Company's property, plant and equipment expenses $2,206,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $661,606 |
| Deposits held in domestic offices | $661,606 |
| Deposits by Individuals, partnerships, and corporations | $546,734 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $114,872 |
| 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 | $394,470 |
| Demand deposits | $229,463 |
| Nontransaction accounts | $267,136 |
| Money market deposit accounts (MMDAs) | $20,287 |
| Other savings deposits (excluding MMDAs) | $72,069 |
| Total time deposits | $174,780 |
| Total time and savings deposits | $432,143 |
| Noninterest-bearing deposits | $229,463 |
| Interest-bearing deposits | $432,143 |
| Retail deposits | $570,696 |
| IRAs and Keogh plan accounts | $20,779 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $724,587 |
| Cash & Balances due from depository institutions | $177,637 |
| Interest-bearing balances | $167,935 |
| Total securities | $115,837 |
| Federal funds sold & reverse repurchase | $1,044 |
| Net loans and leases | $405,943 |
| Loan and leases loss allowance | $5,140 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,119 |
| Other real estate owned | $397 |
| Goodwill and other intangibles | $75 |
| All other assets | $15,535 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $724,587 |
| Total Liabilities | $662,673 |
| Total deposits | $661,606 |
| Interest-bearing deposits | $432,143 |
| Deposits held in domestic offices | $661,606 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $217 |
| Subordinated debt | $0 |
| All other liabilities | $850 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $405,943 |
| Loan and leases loss allowance | $5,140 |
| Total loans and leases (domestic) | $411,083 |
| All real estate loans | $320,070 |
| Real estate loans in domestic offices | $320,070 |
| Construction and development loans | $30,832 |
| Residential 1-4 family construction | $7,781 |
| Other construction, all land development and other land | $23,051 |
| Loans secured by nonfarm nonresidential properties | $165,839 |
| Nonfarm nonresidential secured by owner-occupied properties | $74,184 |
| Commercial real estate & other non-farm, non-residential | $91,655 |
| Multifamily residential real estate | $28,589 |
| 1-4 family residential loans | $88,723 |
| Farmland loans | $6,087 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,024 |
| Commercial and industrial loans | $65,891 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $12,494 |
| Credit card loans | $2,438 |
| Related Plans | $253 |
| Consumer Auto Loans | $3,573 |
| Other loans to individuals | $6,230 |
| All other loans & leases | $11,604 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,485 |
| 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 | $435 |
| Non 1-4 family restructured loans & leases | $120 |
| Total loans and leases (foreign) | $0 |
Cumberland Valley National Bank & Trust Company had $405,943,000 of loans outstanding in 2021. $320,070,000 of loans were in real estate loans. $30,832,000 of loans were in development loans. $28,589,000 of loans were in multifamily mortgage loans. $88,723,000 of loans were in 1-4 family mortgage loans. $1,024,000 of loans were in farm loans. $2,438,000 of loans were in credit card loans. $3,573,000 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 | 167 | $46,320 | $277,365 |
| Nonfarm, nonresidential loans - <$100k | 24 | $1,008 | $42,000 |
| Nonfarm, nonresidential loans - $100-250k | 48 | $6,615 | $137,813 |
| Nonfarm, nonresidential loans - $250k-1MM | 95 | $38,697 | $407,337 |
| Commercial & Industrial, US addressed loans - <$1MM | 256 | $23,888 | $93,313 |
| Commercial & Industrial, US addressed loans - <$100k | 160 | $3,658 | $22,863 |
| Commercial & Industrial, US addressed loans - $100-250k | 50 | $5,381 | $107,620 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 46 | $14,849 | $322,804 |
| Farmland loans - <$1MM | 48 | $4,506 | $93,875 |
| Farmland loans - <$100k | 24 | $915 | $38,125 |
| Farmland loans - $100-250k | 18 | $2,239 | $124,389 |
| Farmland loans - $250k-1MM | 6 | $1,352 | $225,333 |
| Agriculture operations loans - <$1MM | 23 | $1,024 | $44,522 |
| Agriculture operations loans - <$100k | 18 | $284 | $15,778 |
| Agriculture operations loans - $100-250k | 2 | $213 | $106,500 |
| Agriculture operations loans - $250k-1MM | 3 | $527 | $175,667 |