Cumberland Security Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

Cumberland Security Bank, Inc. in Somerset, Kentucky (KY)
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Cumberland Security Bank, Inc. routing number info

Cumberland Security Bank, Inc. - Overview

General
FDIC Certificate #: 11358
Status: Active
Federal Reserve ID: 202514
Bank Holding Company (Regulatory Top Holder): First Commerce Bancorp, Inc. (RSSDID: 2909170, Location: Somerset, KY)
Date Established: August 13, 1909
WWW: http://www.csbweb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 13586
FDIC's unique #: 7257
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
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: 107 South Main Street, Somerset, KY 42501
County: Pulaski
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
Core Based Statistical Area (CBSA): Somerset, KY (#43700)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $157.9 mil
Equity capital: $20.6 mil
Deposits held in domestic offices: $124.5 mil
Return on assets (ROA): 2.10% ($3.3 mil)
Quarterly return on assets: 1.68% ($2.7 mil)
Return on Equity (ROE): 16.59% ($3.5 mil)
Quarterly return on equity: 13.08% ($2.7 mil)
Net income: $3.3 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 2.10% ($3,316.2 mil)
Quarterly Pretax return on assets: 1.68% ($2,653.0 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
61Total employees (full-time equivalent)
$157,914Total assets
$6,124Cash and due from depository institutions
$943Interest-bearing balances
$23,376Securities
$3,332Federal funds sold & reverse repurchase agreements
$116,488Net loans & leases
$3,573Loan loss allowance
$0Trading account assets
$3,567Bank premises and fixed assets
$537Other real estate owned
$1,390Goodwill and other intangibles
$157,914Life insurance assets
$3,100All other assets
$137,290Total liabilities and capital
$124,525Total liabilities
$83,810Total deposits
$124,525Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$12,012Trading liabilities
$0Other borrowed funds
$753Subordinated debt
$20,624All other liabilities
$20,624Total equity capital
$20,624Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$8,100Surplus
$12,124Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,029Income earned, not collected on loans
$0Earning assets
$785Long-term assets (5+ years)
$144,139Average Assets, year-to-date
$71,251Average Assets, quarterly
$158,220Volatile liabilities
$157,931Insider loans
$121,698FHLB advances
$159,265Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,927Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$21,092Restructured Loans and leases
$2,085Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,254Total interest income
$1,058Total interest expense
$7,196Net interest income
$1,260Provision for loan and lease losses
$2,567Total noninterest income
$154Fiduciary activities
$1,174Service charges on deposit accounts
$0Trading account gains & fees
$1,239Additional noninterest income
$5,187Total noninterest expense
$2,602Salaries and employee benefits
$650Premises and equipment expense
$1,935Additional noninterest expense
$3,316Pre-tax net operating income
$1Securities gains (losses)
$2Applicable income taxes
$3,315Income before extraordinary items
$0Extraordinary gains - net
$3,315Net income attributable to bank
$0Net charge-offs
$3,315Cash dividends
$1,542Sale, conversion, retirement of capital stock, net
$2,315Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
0.74%Cost of funding earning assets
5.00%Net interest margin
1.78%Noninterest income to earning assets
3.61%Noninterest expense to earning assets
2.09%Net operating income to assets
2.10%Return on assets (ROA)
2.10%Pretax return on assets
16.59%Return on equity (ROE)
5.00%Retained earnings to average equity (YTD only)
1.31%Net charge-offs to loans
81.71%Credit loss provision to net charge-offs
2.97%Efficiency ratio
53,129Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.83%Loss allowance to loans
2.98%Loss allowance to noncurrent loans
347.23%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
0.86%Net loans and leases to deposits
93.55%Net loans and leases to core deposits
103.00%Equity capital to assets
13.06%Core capital (leverage) ratio
12.51%Tier 1 risk-based capital ratio
16.37%Total risk-based capital ratio
Memoranda
$18Average assets
$158,220Average earning assets
$19,988Average equity
$143,811Average 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
$14,664Managed Assets
1Number of Accounts
$14,664Personal trust and agency accounts
$14,664Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
11Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Kentucky Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	7257	Cumberland Security Bank, Inc.	107 South Main Street, Somerset, KY 42501	August 13, 1909	Full Service Brick and Mortar
1	224404	South Branch	3758 South Hgwy 27, Somerset, KY 42501	June 27, 1983	Full Service Brick and Mortar
2	13969	Eubank Branch	15000 Hgwy 1247 N, Eubank, KY 42567	November 12, 1970	Full Service Brick and Mortar
4	224405	Somerset Branch	377 U.S. Highway 27, Somerset, KY 42501	January 05, 1998	Full Service Brick and Mortar

Cumberland Security Bank, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cumberland Security Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Cumberland Security Bank, Inc. in Somerset, Kentucky (KY)Overview, Financial Summary, Detailed Financial Reports, Branches

Cumberland Security Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Cumberland Security Bank, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches