Overview / Commentary
Cumberland Security Bank is headquartered in Somerset and is the 64th largest bank in the state of Kentucky. It is also the 2,664th largest bank in the nation. It was established in 1909 and as of September of 2019, it had grown to 57 employees at 4 locations. Cumberland Security Bank has an A+ health rating.
Health
A+
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11358 |
| Year Established | 1909 |
| Employees | 57 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.96% |
| Return on Equity - YTD | 21.95% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $225.8MM$204.9MM |
| Loans | Q3 2019vs Q3 2018 | $171.7MM$158.7MM |
| Deposits | Q3 2019vs Q3 2018 | $194.4MM$176.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $30.5MM$27.5MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $4.6MM$4.7MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $310.00K$2.0MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$77.00K |
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Cumberland Security Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $1k | - | 8 Month CD | |
| 0.80% | $1k | - | 60 Month CD | |
| 0.70% | $1k | - | 48 Month CD | |
| 0.60% | $1k | - | 36 Month CD | |
| 0.50% | $1k | - | 12 Month CD | |
| 0.50% | $1k | - | 24 Month CD | |
| 0.25% | $1k | - | 6 Month CD | |
| 0.15% | $1k | - | 3 Month CD |
Cumberland Security Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $1k | - | 18 Month Fixed IRA | |
| 0.50% | $1k | - | 18 Month Variable IRA |
Locations
| Cumberland Security Bank Locations | ||
|---|---|---|
| Cumberland Security Bank, Inc. | 107 South Main Street | Somerset, KY 42501 |
| Eubank Branch | 15000 Hgwy 1247 N | Eubank, KY 42567 |
| South Branch | 3758 South Hgwy 27 | Somerset, KY 42501 |
| Somerset Branch | 377 U.S. Highway 27 | Somerset, KY 42501 |