United Cumberland Bank Mortgage Rates, Fees & Info
Whitley City, KYLEI: 549300PLQ5DT613TXQ48
Tax ID: 61-0126276
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
United Cumberland Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. United Cumberland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Somerset, London, and Knoxville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)United Cumberland Bank has an 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
243Origination Dollar Volume (All Markets)
$19,145,000Employee count
96Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 236 | $18,290,000 | $77,500 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $19,145,000 | $78,786 | $0 | 0.00% |
For 2019, United Cumberland Bank's most frequently originated type of loan was Conventional, with 243 originations.
Loan Reason
For 2019, United Cumberland Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 243 | $19,145,000 | $78,786 | $0 | 0.00% |
For 2019, United Cumberland Bank's most frequently cited loan duration was Other, with 243 originations.
Loan Sizing
2019 saw United Cumberland Bank place emphasis on $100,000 or less loans with 187 originations, totaling $9,225,000 in origination value.
Applicant Income
United Cumberland Bank lent most frequently to those with incomes in the $50k or less range, with 132 originations. The second most popular income band? $50k-75k, with 63 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 243 | $19,145,000 | $78,786 | $0 | 0.00% |
United Cumberland Bank lent most frequently to those with DTI ratios of Exempt%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.27%
United Cumberland Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.54%
United Cumberland Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 243 | $19,145,000 | $78,786 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| United Cumberland Bank | 106 Municipal Drive Oneida, TN 37841 | Full Service B&M | $80,591 |
| United Cumberland Bank | 1385 North Highway 27 Whitley City, KY 42653 | Full Service B&M | $7,403 |
| United Cumberland Bank | 2568 South Hwy 27 Somerset, KY 42501 | Full Service B&M | $5,395 |
| United Cumberland Bank | 2828 Appalachian Hwy Jacksboro, TN 37757 | Full Service B&M | $20,945 |
| United Cumberland Bank | 3995 South Highway 27 Pine Knot, KY 42635 | Full Service B&M | $15,252 |
| United Cumberland Bank | 47 South Main Street Whitley City, KY 42653 | Full Service B&M | $96,837 |
| United Cumberland Bank | 567 Howard H. Baker Highway Huntsville, TN 37756 | Full Service B&M | $11,611 |
For 2019, United Cumberland Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,077 |
| Net interest income | $13,013 |
| Total noninterest income | $3,031 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,539 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,492 |
| Pre-tax net operating income | $5,690 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $5,475 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,475 |
| Minority interest net income | $0 |
| Net income | $5,475 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,475 |
United Cumberland Bank's gross interest income from loans was $15,077,000.
United Cumberland Bank's net interest income from loans was $13,013,000.
United Cumberland Bank's fee based income from loans was $1,539,000.
United Cumberland Bank's net income from loans was $5,475,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,064 |
| Provision for credit losses | $655 |
| Total noninterest expense | $9,699 |
| Salaries and employee benefits | $5,124 |
| Premises and equipment expense | $1,461 |
| Additional noninterest expense | $3,114 |
| Applicable income taxes | $215 |
| Net charge-offs | $579 |
| Cash dividends | $3,475 |
United Cumberland Bank's interest expense for loans was $2,064,000.
United Cumberland Bank's payroll and benefits expense were $5,124,000.
United Cumberland Bank's property, plant and equipment expenses $1,461,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 1.0% |
| Nonfarm, nonresidential loans | 6.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $241,717 |
| Deposits held in domestic offices | $241,717 |
| Deposits by Individuals, partnerships, and corporations | $214,531 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $26,937 |
| Deposits by Commercial banks and other depository institutions in U.S. | $249 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $95,094 |
| Demand deposits | $54,538 |
| Nontransaction accounts | $146,623 |
| Money market deposit accounts (MMDAs) | $9,756 |
| Other savings deposits (excluding MMDAs) | $37,462 |
| Total time deposits | $99,406 |
| Total time and savings deposits | $187,179 |
| Noninterest-bearing deposits | $54,338 |
| Interest-bearing deposits | $187,379 |
| Retail deposits | $222,261 |
| IRAs and Keogh plan accounts | $22,114 |
| Brokered deposits | $249 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $297,555 |
| Cash & Balances due from depository institutions | $30,438 |
| Interest-bearing balances | $20,593 |
| Total securities | $58,013 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $197,175 |
| Loan and leases loss allowance | $2,953 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,844 |
| Other real estate owned | $1,819 |
| Goodwill and other intangibles | $50 |
| All other assets | $3,216 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $297,556 |
| Total Liabilities | $257,577 |
| Total deposits | $241,717 |
| Interest-bearing deposits | $187,379 |
| Deposits held in domestic offices | $241,717 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $7,657 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,640 |
| Subordinated debt | $0 |
| All other liabilities | $563 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $197,175 |
| Loan and leases loss allowance | $2,953 |
| Total loans and leases (domestic) | $200,128 |
| All real estate loans | $143,245 |
| Real estate loans in domestic offices | $143,245 |
| Construction and development loans | $12,525 |
| Residential 1-4 family construction | $2,155 |
| Other construction, all land development and other land | $10,370 |
| Loans secured by nonfarm nonresidential properties | $39,828 |
| Nonfarm nonresidential secured by owner-occupied properties | $17,458 |
| Commercial real estate & other non-farm, non-residential | $22,370 |
| Multifamily residential real estate | $4,948 |
| 1-4 family residential loans | $84,121 |
| Farmland loans | $1,823 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $23,540 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $33,538 |
| Credit card loans | $0 |
| Related Plans | $22 |
| Consumer Auto Loans | $10,037 |
| Other loans to individuals | $23,479 |
| All other loans & leases | $60 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $380 |
| Non 1-4 family restructured loans & leases | $380 |
| Total loans and leases (foreign) | $0 |
United Cumberland Bank had $197,175,000 of loans outstanding in 2019. $143,245,000 of loans were in real estate loans. $12,525,000 of loans were in development loans. $4,948,000 of loans were in multifamily mortgage loans. $84,121,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,037,000 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 | 120 | $16,118 | $134,317 |
| Nonfarm, nonresidential loans - <$100k | 55 | $2,020 | $36,727 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $4,472 | $131,529 |
| Nonfarm, nonresidential loans - $250k-1MM | 31 | $9,626 | $310,516 |
| Commercial & Industrial, US addressed loans - <$1MM | 174 | $12,632 | $72,598 |
| Commercial & Industrial, US addressed loans - <$100k | 127 | $3,225 | $25,394 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $3,347 | $115,414 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $6,060 | $336,667 |
| Farmland loans - <$1MM | 4 | $366 | $91,500 |
| Farmland loans - <$100k | 1 | $50 | $50,000 |
| Farmland loans - $100-250k | 3 | $316 | $105,333 |