Cumberland Federal Bank, FSB

Headquarters

1390 Second Avenue
Cumberland, WI 54829
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.70% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD 1.36% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cumberland Federal Bank, FSB is an FDIC insured institution located in Cumberland, WI. It was founded in 1934 and has approximately $0.17 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29293
Date Established 1934
Assets $ 168.69 million
Loans $ 78.05 million
Deposits $ 126.11 million
Capital $ 14.04 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $50 - Learn More
Money Market
0.25% $2,500 $9,999 Learn More
Money Market
0.35% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $500 - Learn More
12 Mo CD
0.70% $500 - Learn More
18 Mo CD
1.00% $500 - Learn More
30 Mo CD
1.10% $500 - Learn More
36 Mo CD
1.26% $500 - Learn More
48 Mo CD
1.26% $500 - Learn More
60 Mo CD
1.36% $500 - Learn More


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cumberland Federal Bank, FSB

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Cumberland Federal Bank, FSB
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Cumberland Federal Bank, FSB 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 Federal Bank, FSB Locations


Financial Details

Cumberland Federal Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cumberland Federal Bank, FSB. 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 Federal Bank, FSB U.S. Bank Average
1.4% 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 Federal Bank, FSB had $207,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,043,000 in equity and $704,000 in loans loss reserves. That gives it a Texas Ratio of 1.4%.

Return on Equity
Cumberland Federal Bank, FSB U.S. Bank Average
10.49% 7.80%

Cumberland Federal Bank, FSB has a Return on Equity of 10.49% 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 Federal Bank, FSB U.S. Bank Average
8.32% 12.68%

Cumberland Federal Bank, FSB has a Capitalization of 8.32% 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 Federal Bank, FSB Balance Sheet Analysis

As of March 31, 2020, Cumberland Federal Bank, FSB had assets of $168,692,000, loans of $78,046,000, and deposits of $126,114,000. 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 $ 3.15 million
Interest-bearing balances $ 1.05 million
Total securities $ 81.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 78.05 million
Loan loss allowance $ 0.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.34 million
All other assets $ 3.63 million
     Total Assets $ 154.65 million
LIABILITIES
Total deposits $ 126.11 million
      Interest-bearing deposits $ 119.97 million
      Deposits held in domestic offices $ 126.11 million
      % insured (estimated) 81.42%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 28.19 million
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 154.65 million
      Shareholders’ Equity $ 14.04 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.65 million
Total Interest Expense $ 0.49 million
Net interest income $ 1.16 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.23 million
Total non interest expense $ 0.76 million
Pre-tax Net Operating Income $ 0.61 million

Bank Loan Profile?

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

Compared to other banks in Wisconsin, Cumberland Federal Bank, FSB has a significantly higher percent of Small Business 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 46.12
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.82
Small Business Loans 11.54
Construction and Development Loans 7.20
Commercial Real Estate 15.06
Commercial and Industrial Loans 3.57
Farm Loans 2.84

Frequently Asked Questions About Cumberland Federal Bank, Fsb

Branches and Savings

Is Cumberland Federal Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #29293.

Why does Cumberland Federal Bank, Fsb pay such low interest on savings accounts?

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

Why are Cumberland Federal Bank, Fsb CD rates not competitive?

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

Is Cumberland Federal Bank, Fsb a commercial bank?

Yes

Where are Cumberland Federal Bank, Fsb locations?

See branch locations nearby.

Is Cumberland Federal Bank, Fsb open on Saturdays?

Is Cumberland Federal Bank, Fsb open on Sundays?

What time does Cumberland Federal Bank, Fsb open?

What time does Cumberland Federal Bank, Fsb close?

Are Cumberland Federal Bank, Fsb ATMs Open 24/7?

Do Cumberland Federal Bank, Fsb ATMs accept cash deposits?

Can Cumberland Federal Bank, Fsb customers use other ATMs?

Do Cumberland Federal Bank, Fsb branches have notaries?

Will Cumberland Federal Bank, Fsb notarize my document?

What address for Cumberland Federal Bank, Fsb should I put for incoming ACH transfers?

Will the Cumberland Federal Bank, Fsb branch print checks?

Do Cumberland Federal Bank, Fsb checks expire?

Does Cumberland Federal Bank, Fsb require US citizenship to open account?

Can Cumberland Federal Bank, Fsb close my account?

Does Cumberland Federal Bank, Fsb Report to credit bureaus?

Does Cumberland Federal Bank, Fsb Use Equifax?

What is Cumberland Federal Bank, Fsb's ACH Routing Number?

What is Cumberland Federal Bank, Fsb's SWIFT code?

Products

Does Cumberland Federal Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Cumberland Federal Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cumberland Federal Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Cumberland Federal Bank, Fsb offer student loans?

Will Cumberland Federal Bank, Fsb cash a check?

Will Cumberland Federal Bank, Fsb redeem a savings bond?

Does Cumberland Federal Bank, Fsb cash savings bonds?

Will Cumberland Federal Bank, Fsb cash money orders?

Can Cumberland Federal Bank, Fsb issue a money order?

Does Cumberland Federal Bank, Fsb do currency exchange?

Background on The Bank

Who owns Cumberland Federal Bank, Fsb?

How long has Cumberland Federal Bank, Fsb been around?

Can Cumberland Federal Bank, Fsb transfer to other banks?

Does Cumberland Federal Bank, Fsb have quick pay?

Does Cumberland Federal Bank, Fsb accept rolled coins?

Will Cumberland Federal Bank, Fsb accept loose change?

Where is Cumberland Federal Bank, Fsb headquarters?

Customer Reviews for Cumberland Federal Bank, FSB

There are currently no comments for Cumberland Federal Bank, FSB. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →