United Cumberland Bank Mortgage Rates, Fees & Info

Whitley City, KY

LEI: 549300PLQ5DT613TXQ48

Tax ID: 61-0126276

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    United Cumberland Bank is a smaller bank specializing in Refi and Home Purchase loans. United Cumberland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Lexington, and Somerset 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.

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    Originations

    317

    Origination Dollar Volume (All Markets)

    $29,815,000

    Employee count

    88

    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
    Outside of Metro Areas 289 $26,485,000 $91,644 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 26 $3,080,000 $118,462 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Somerset, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    United Cumberland Bank's top markets include Knoxville, Lexington, and Somerset among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 317 $29,815,000 $94,054 $0 0.00%

    For 2020, United Cumberland Bank's most frequently originated type of loan was Conventional, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 158 $15,470,000 $97,911 $0 0.00%
    Home Purchase 97 $8,465,000 $87,268 $0 0.00%
    Cash Out Refi 30 $4,060,000 $135,333 $0 0.00%
    Other 24 $1,450,000 $60,417 $0 0.00%
    Home Improvement 8 $370,000 $46,250 $0 0.00%

    For 2020, United Cumberland Bank's most frequently cited loan purpose was Refi, with 158 originations. The 2nd most popular reason was Home Purchase, with 97 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 317 $29,815,000 $94,054 $0 0.00%

    For 2020, United Cumberland Bank's most frequently cited loan duration was Other, with 317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 204 $10,880,000 $53,333 $0 0.00%
    $100k-200k 89 $12,645,000 $142,079 $0 0.00%
    $200k-400k 24 $6,290,000 $262,083 $0 0.00%

    2020 saw United Cumberland Bank place emphasis on $100,000 or less loans with 204 originations, totaling $10,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 155 $9,845,000 $63,516 $0 0.00%
    $50k-75k 64 $6,470,000 $101,094 $0 0.00%
    $75k-100k 49 $5,635,000 $115,000 $0 0.00%
    $100k-150k 25 $3,735,000 $149,400 $0 0.00%
    $150k-250k 6 $1,440,000 $240,000 $0 0.00%
    $250k+ 5 $1,145,000 $229,000 $0 0.00%

    United Cumberland Bank lent most frequently to those with incomes in the $50k or less range, with 155 originations. The second most popular income band? $50k-75k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 317 $29,815,000 $94,054 $0 0.00%

    United Cumberland Bank lent most frequently to those with DTI ratios of Exempt%, with 317 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 313 $29,165,000 $93,179 $0 0.00%
    Not applicable 1 $275,000 $275,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%
    Japanese 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.37%

    United Cumberland Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.81%

    United Cumberland Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 317 $29,815,000 $94,054

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $25,000 $25,000
    Multifamily:Site-Built 1 $275,000 $275,000
    Single Family (1-4 Units):Manufactured 56 $3,670,000 $65,536
    Single Family (1-4 Units):Site-Built 259 $25,845,000 $99,788

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 3 50.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 16.7%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Cumberland Bank 106 Municipal Drive Oneida, TN 37841 Full Service B&M $87,513
    United Cumberland Bank 1385 North Highway 27 Whitley City, KY 42653 Full Service B&M $9,143
    United Cumberland Bank 2568 South Hwy 27 Somerset, KY 42501 Full Service B&M $6,069
    United Cumberland Bank 2828 Appalachian Hwy Jacksboro, TN 37757 Full Service B&M $24,523
    United Cumberland Bank 3995 South Highway 27 Pine Knot, KY 42635 Full Service B&M $20,181
    United Cumberland Bank 47 S Main St Whitley City, KY 42653 Full Service B&M $113,714
    United Cumberland Bank 567 Howard H. Baker Highway Huntsville, TN 37756 Full Service B&M $11,887

    For 2020, United Cumberland Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,105
    Net interest income $12,176
    Total noninterest income $3,287
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,286
    Trading account gains and fees $0
    Additional Noninterest Income $2,001
    Pre-tax net operating income $5,028
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,875
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,875
    Minority interest net income $0
    Net income $4,875
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,875

    United Cumberland Bank's gross interest income from loans was $14,105,000.
    United Cumberland Bank's net interest income from loans was $12,176,000.
    United Cumberland Bank's fee based income from loans was $1,286,000.
    United Cumberland Bank's net income from loans was $4,875,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,929
    Provision for credit losses $625
    Total noninterest expense $9,810
    Salaries and employee benefits $5,031
    Premises and equipment expense $1,526
    Additional noninterest expense $3,253
    Applicable income taxes $153
    Net charge-offs $429
    Cash dividends $3,400

    United Cumberland Bank's interest expense for loans was $1,929,000.
    United Cumberland Bank's payroll and benefits expense were $5,031,000.
    United Cumberland Bank's property, plant and equipment expenses $1,526,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $289,592
    Deposits held in domestic offices $289,592
    Deposits by Individuals, partnerships, and corporations $255,967
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,625
    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 $133,724
    Demand deposits $78,171
    Nontransaction accounts $155,868
    Money market deposit accounts (MMDAs) $12,523
    Other savings deposits (excluding MMDAs) $49,315
    Total time deposits $94,030
    Total time and savings deposits $211,421
    Noninterest-bearing deposits $78,175
    Interest-bearing deposits $211,417
    Retail deposits $269,225
    IRAs and Keogh plan accounts $22,323
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $344,800
    Cash & Balances due from depository institutions $60,846
    Interest-bearing balances $50,373
    Total securities $67,825
    Federal funds sold & reverse repurchase $0
    Net loans and leases $200,693
    Loan and leases loss allowance $3,149
    Trading account assets $0
    Bank premises and fixed assets $6,817
    Other real estate owned $441
    Goodwill and other intangibles $50
    All other assets $8,128

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $344,801
    Total Liabilities $302,706
    Total deposits $289,592
    Interest-bearing deposits $211,417
    Deposits held in domestic offices $289,592
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $5,648
    Trading liabilities $0
    Other borrowed funds $6,926
    Subordinated debt $0
    All other liabilities $540

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $200,693
    Loan and leases loss allowance $3,149
    Total loans and leases (domestic) $203,842
    All real estate loans $143,218
    Real estate loans in domestic offices $143,218
    Construction and development loans $8,245
    Residential 1-4 family construction $3,271
    Other construction, all land development and other land $4,974
    Loans secured by nonfarm nonresidential properties $41,721
    Nonfarm nonresidential secured by owner-occupied properties $20,002
    Commercial real estate & other non-farm, non-residential $21,719
    Multifamily residential real estate $4,635
    1-4 family residential loans $86,922
    Farmland loans $1,695
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,579
    To non-U.S. addressees $0
    Loans to individuals $31,704
    Credit card loans $0
    Related Plans $13
    Consumer Auto Loans $10,391
    Other loans to individuals $21,300
    All other loans & leases $27
    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 $1,235
    Non 1-4 family restructured loans & leases $1,235
    Total loans and leases (foreign) $0

    United Cumberland Bank had $200,693,000 of loans outstanding in 2020. $143,218,000 of loans were in real estate loans. $8,245,000 of loans were in development loans. $4,635,000 of loans were in multifamily mortgage loans. $86,922,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,391,000 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 110 $15,334 $139,400
    Nonfarm, nonresidential loans - <$100k 48 $1,865 $38,854
    Nonfarm, nonresidential loans - $100-250k 32 $4,217 $131,781
    Nonfarm, nonresidential loans - $250k-1MM 30 $9,252 $308,400
    Commercial & Industrial, US addressed loans - <$1MM 217 $14,748 $67,963
    Commercial & Industrial, US addressed loans - <$100k 163 $3,901 $23,933
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,269 $105,452
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $7,578 $329,478
    Farmland loans - <$1MM 3 $308 $102,667
    Farmland loans - <$100k 1 $45 $45,000
    Farmland loans - $100-250k 2 $263 $131,500