Cumberland Valley National Bank & Trust Company in East Bernstadt, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cumberland Valley National Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 2691
    Status: Active
    Federal Reserve ID: 647218
    Bank Holding Company (Regulatory Top Holder): Cumberland Valley Financial Corporation (RSSDID: 1071463, Location: London, KY)
    Date Established: January 01, 1904
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11866
    FDIC's unique #: 1737
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1112 Highway 490, East Bernstadt, KY 40729
    County: Laurel
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Corbin-London, KY (#202)
    Core Based Statistical Area (CBSA): London, KY (#30940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $407.2 mil
    Equity capital: $46.8 mil
    Deposits held in domestic offices: $333.8 mil
    Return on assets (ROA): 0.33% ($1.3 mil)
    Quarterly return on assets: 0.17% ($0.7 mil)
    Return on Equity (ROE): 2.95% ($1.4 mil)
    Quarterly return on equity: 1.43% ($0.7 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.40% ($1,628.8 mil)
    Quarterly Pretax return on assets: 0.14% ($570.1 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, 2011)

  • Dollar figures in thousands
  • 149Total employees (full-time equivalent)
  • $407,195Total assets
  • $58,949Cash and due from depository institutions
  • $48,284Interest-bearing balances
  • $79,361Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $239,342Net loans & leases
  • $3,395Loan loss allowance
  • $0Trading account assets
  • $6,850Bank premises and fixed assets
  • $7,131Other real estate owned
  • $976Goodwill and other intangibles
  • $407,195Life insurance assets
  • $9,586All other assets
  • $360,386Total liabilities and capital
  • $333,780Total liabilities
  • $248,644Total deposits
  • $333,780Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,401Trading liabilities
  • $0Other borrowed funds
  • $1,205Subordinated debt
  • $46,809All other liabilities
  • $46,809Total equity capital
  • $46,809Total bank equity capital
  • $0Perpetual preferred stock
  • $1,189Common stock
  • $11,507Surplus
  • $34,113Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,526Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,936Income earned, not collected on loans
  • $0Earning assets
  • $1,421Long-term assets (5+ years)
  • $371,987Average Assets, year-to-date
  • $125,549Average Assets, quarterly
  • $411,650Volatile liabilities
  • $405,888Insider loans
  • $249,797FHLB advances
  • $407,599Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $44,432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,642Restructured Loans and leases
  • $7,759Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,871Total interest income
  • $3,094Total interest expense
  • $13,777Net interest income
  • $109Provision for loan and lease losses
  • $5,232Total noninterest income
  • $228Fiduciary activities
  • $1,944Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,060Additional noninterest income
  • $17,251Total noninterest expense
  • $7,840Salaries and employee benefits
  • $2,386Premises and equipment expense
  • $7,025Additional noninterest expense
  • $1,649Pre-tax net operating income
  • -$2Securities gains (losses)
  • $274Applicable income taxes
  • $1,373Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,373Net income attributable to bank
  • $0Net charge-offs
  • $1,373Cash dividends
  • $135Sale, conversion, retirement of capital stock, net
  • $865Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.66%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 2.95%Return on equity (ROE)
  • 1.09%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 80.74%Credit loss provision to net charge-offs
  • 13.02%Efficiency ratio
  • 90,752Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 115.63%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 71.71%Net loans and leases to core deposits
  • 77.37%Equity capital to assets
  • 11.50%Core capital (leverage) ratio
  • 10.90%Tier 1 risk-based capital ratio
  • 17.79%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $411,650Average earning assets
  • $46,558Average equity
  • $376,563Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $18,749Managed Assets
  • 1Number of Accounts
  • $17,407Personal trust and agency accounts
  • $11,720Employee benefit-defined contribution accounts
  • $5,275Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $412Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 34Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,342Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,167Other fiduciary accounts
  • $175Fiduciary accounts held in foreign offices

List of branches

  • 15 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01737Cumberland Valley National Bank & Tr1112 Highway 490, East Bernstadt, KY 40729January 01, 1904Full Service Brick and Mortar
    1193850North Branch1755 N Main St, London, KY 40741Febuary 06, 1959Full Service Brick and Mortar
    2193851West Branch192 By-Pass, London, KY 40741November 16, 1971Full Service Brick and Mortar
    6193855U.S. 25 South Branch410 South Laurel Rd, London, KY 40741August 15, 1983Full Service Brick and Mortar
    79536Corbin Branch101 S Main Street, Corbin, KY 40701May 15, 1935Full Service Brick and Mortar
    9233329Forest Hills Branch - South Corbin1311 Cumberland Falls Hgwy, Corbin, KY 40701June 07, 1974Full Service Brick and Mortar
    10233330Commonwealth Branch East Corbin1376 Master St, Corbin, KY 40701December 31, 1986Full Service Brick and Mortar
    11193856Williamsburg BranchU.S. Highway 25 South, Williamsburg, KY 40769January 02, 1996Full Service Brick and Mortar
    12193857Wal-Mart Superstore BranchWal-Mart Store #1113, 1851 West Highway 192, London, KY 40741March 26, 1997Full Service Retail
    14193859London Main100 S Main St, London, KY 40743April 01, 1998Full Service Brick and Mortar
    17193862North Richmond2110 Lexington Rd, Richmond, KY 40475November 02, 1998Full Service Brick and Mortar
    18193863Richmond By-Pass Branch505 Leighway Dr, Richmond, KY 40475December 16, 1998Full Service Brick and Mortar
    21359525Berea Branch1715 Big Hill Road, Berea, KY 40403October 02, 2000Full Service Brick and Mortar
    23419545Somerset Lodge Branch1520 S Hwy 27, Somerset, KY 42501July 26, 2002Full Service Brick and Mortar
    25461712Lexington Branch2703 Richmond Road #130, Lexington, KY 40509January 02, 2007Full Service Brick and Mortar

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