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)
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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

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