- bankencyclopedia.com
- Banks in Tennessee (TN)
- Cumberland Bank
Cumberland Bank in Carthage, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of September 01, 2004
- Cumberland Bank in Carthage, Tennessee (TN)
-
Show street view
No street view available for this location
Cumberland Bank - Overview
- General
- FDIC Certificate #: 31857
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Cumberland Bank (#31916)
Federal Reserve ID: 191177
Date Established: January 01, 1975
WWW: http://www.cumberlandbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Interstate: No)
OTS Docket #: 7540
FDIC's unique #: 44691
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: March 11, 1977
Last Structure Change Effective Date: September 01, 2004
Last Structure Change Process Date: September 23, 2004
Last Data Update: September 23, 2004
Data Source Date: April 05, 2012 - Location
- Address: 1001 North Main Street, Carthage, TN 37030
County: Smith
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980) - Financial Summary
- Total assets: $282.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2003)
- Dollar figures in thousands
- 100Total employees (full-time equivalent)
- $297,807Total assets
- $10,337Cash and due from depository institutions
- $4,080Interest-bearing balances
- $51,160Securities
- $7,535Federal funds sold & reverse repurchase agreements
- $213,904Net loans & leases
- $2,598Loan loss allowance
- $0Trading account assets
- $8,196Bank premises and fixed assets
- $746Other real estate owned
- $1,254Goodwill and other intangibles
- $0Life insurance assets
- $4,675All other assets
- $297,807Total liabilities and capital
- $275,175Total liabilities
- $248,725Total deposits
- $225,941Interest-bearing deposits
- $248,725Deposits held in domestic offices
- 0.00%% insured (estimated)
- $14,818Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $10,000Other borrowed funds
- $0Subordinated debt
- $1,632All other liabilities
- $22,632Total equity capital
- $22,632Total bank equity capital
- $22,632Perpetual preferred stock
- $0Common stock
- $313Surplus
- $6,112Undivided profits
- Memoranda
- $16,207Noncurrent loans and leases
- $31,671Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $1,123Earning assets
- $0Long-term assets (5+ years)
- $1,679Average Assets, year-to-date
- $276,679Average Assets, quarterly
- $45,612Volatile liabilities
- $295,549Insider loans
- $297,989FHLB advances
- $69,356Loans and leases held for sale
- $758Unused loan commitments
- $10,000Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $501Total risk weighted assets
- $31,671Total unused commitments
- $0Restructured Loans and leases
- $2,598Derivatives
Income and Expense (December 31, 2003)
- Dollar figures in thousands
- $16,100Total interest income
- $5,364Total interest expense
- $10,736Net interest income
- $1,830Provision for loan and lease losses
- $3,922Total noninterest income
- $0Fiduciary activities
- $2,288Service charges on deposit accounts
- $0Trading account gains & fees
- $1,634Additional noninterest income
- $10,877Total noninterest expense
- $4,705Salaries and employee benefits
- $1,251Premises and equipment expense
- $4,921Additional noninterest expense
- $1,951Pre-tax net operating income
- $41Securities gains (losses)
- $749Applicable income taxes
- $1,243Income before extraordinary items
- $0Extraordinary gains - net
- $1,243Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $2,340Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2003)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.89%Yield on earning assets
- 1.96%Cost of funding earning assets
- 3.93%Net interest margin
- 1.43%Noninterest income to earning assets
- 3.98%Noninterest expense to earning assets
- 0.41%Net operating income to assets
- 0.42%Return on assets (ROA)
- 0.67%Pretax return on assets
- 5.66%Return on equity (ROE)
- 5.66%Retained earnings to average equity (YTD only)
- 1.04%Net charge-offs to loans
- 78.21%Credit loss provision to net charge-offs
- 1.62%Efficiency ratio
- 74,205Assets per employee
- 2.98%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.20%Loss allowance to noncurrent loans
- 231.34%Noncurrent assets plus other real estate owned to assets
- 0.59%Noncurrent loans to loans
- 0.52%Net loans and leases to deposits
- 86.00%Net loans and leases to core deposits
- 110.15%Equity capital to assets
- 7.60%Core capital (leverage) ratio
- 7.13%Tier 1 risk-based capital ratio
- 9.95%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $295,549Average earning assets
- $21,975Average equity
- $273,336Average loans
- bankencyclopedia.com
- Banks in Tennessee (TN)
- Cumberland Bank
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cumberland Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: