Cumberland Bank and Trust

Headquarters

502 Madison St
Clarksville, TN 37040
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cumberland Bank and Trust is an FDIC insured institution located in Clarksville, TN. It was founded in 2001 and has approximately $0.17 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57091
Date Established 2001
Assets $ 166.81 million
Loans $ 132.80 million
Deposits $ 150.60 million
Capital $ 21.18 million
 

For a more detailed analysis of Cumberland Bank and Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cumberland Bank and Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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AmeriSave Mortgage Corporation
NMLS ID: 1168
2.587% 2.500% 1.00 $2,875 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,860 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Cumberland Bank and Trust
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Branches

Cumberland Bank and Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Cumberland Bank and Trust Locations


Financial Details

Cumberland Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cumberland Bank and Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cumberland Bank and Trust U.S. Bank Average
3.31% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Cumberland Bank and Trust had $116,000 in non-current loans and $643,000 in owned real estate. To cover these potential losses it had $21,183,000 in equity and $1,735,000 in loans loss reserves. That gives it a Texas Ratio of 3.31%.

Return on Equity
Cumberland Bank and Trust U.S. Bank Average
8.84% 7.80%

Cumberland Bank and Trust has a Return on Equity of 8.84% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Cumberland Bank and Trust U.S. Bank Average
12.7% 12.68%

Cumberland Bank and Trust has a Capitalization of 12.7% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Cumberland Bank and Trust Balance Sheet Analysis

As of December 31, 2017, Cumberland Bank and Trust had assets of $173,596,000, loans of $132,803,000, and deposits of $150,600,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 16.09 million
Interest-bearing balances $ 2.74 million
Total securities $ 15.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 132.80 million
Loan loss allowance $ 1.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.64 million
Goodwill and other intangibles N.A.
All other assets $ 4.58 million
     Total Assets $ 152.41 million
LIABILITIES
Total deposits $ 150.60 million
      Interest-bearing deposits $ 124.33 million
      Deposits held in domestic offices $ 150.60 million
      % insured (estimated) 74.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.47 million
Subordinated debt N.A.
All other liabilities $ 1.34 million
      Total Liabilities $ 152.41 million
      Shareholders’ Equity $ 14.40 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.67 million
Total Interest Expense $ 0.89 million
Net interest income $ 6.78 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 1.18 million
Total non interest expense $ 5.83 million
Pre-tax Net Operating Income $ 2.06 million

Bank Loan Profile?

The top three loan types in Cumberland Bank and Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Tennessee, Cumberland Bank and Trust has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.45
Multifamily
Mortgages
4.69
Credit Card Loans 0.00
Consumer Auto Loans 0.23
Small Business Loans 22.11
Construction and Development Loans 20.87
Commercial Real Estate 32.12
Commercial and Industrial Loans 11.64
Farm Loans 1.73

Frequently Asked Questions About Cumberland Bank And Trust

Branches and Savings

Is Cumberland Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #57091.

Why does Cumberland Bank And Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Cumberland Bank And Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Cumberland Bank And Trust a commercial bank?

Yes

Where are Cumberland Bank And Trust locations?

See branch locations nearby.

Is Cumberland Bank And Trust open on Saturdays?

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What time does Cumberland Bank And Trust open?

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Are Cumberland Bank And Trust ATMs Open 24/7?

Do Cumberland Bank And Trust ATMs accept cash deposits?

Can Cumberland Bank And Trust customers use other ATMs?

Do Cumberland Bank And Trust branches have notaries?

Will Cumberland Bank And Trust notarize my document?

What address for Cumberland Bank And Trust should I put for incoming ACH transfers?

Will the Cumberland Bank And Trust branch print checks?

Do Cumberland Bank And Trust checks expire?

Does Cumberland Bank And Trust require US citizenship to open account?

Can Cumberland Bank And Trust close my account?

Does Cumberland Bank And Trust Report to credit bureaus?

Does Cumberland Bank And Trust Use Equifax?

What is Cumberland Bank And Trust's ACH Routing Number?

What is Cumberland Bank And Trust's SWIFT code?

Products

Does Cumberland Bank And Trust offer mortgages?

Compare mortgage rates here.

Does Cumberland Bank And Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cumberland Bank And Trust offer personal loans?

Compare personal loan rates here.

Does Cumberland Bank And Trust offer student loans?

Will Cumberland Bank And Trust cash a check?

Will Cumberland Bank And Trust redeem a savings bond?

Does Cumberland Bank And Trust cash savings bonds?

Will Cumberland Bank And Trust cash money orders?

Can Cumberland Bank And Trust issue a money order?

Does Cumberland Bank And Trust do currency exchange?

Background on The Bank

Who owns Cumberland Bank And Trust?

How long has Cumberland Bank And Trust been around?

Can Cumberland Bank And Trust transfer to other banks?

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Does Cumberland Bank And Trust accept rolled coins?

Will Cumberland Bank And Trust accept loose change?

Where is Cumberland Bank And Trust headquarters?

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