AmeriFirst Bank

104 Hardaway Avenue
Union Springs, AL 36089

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2838
Date Established 1916
Assets $0.18 billion
Loans $0.14 billion
Deposits $0.15 billion
Capital $0.02 billion

AmeriFirst Bank is an FDIC insured institution located in Union Springs, AL. It was founded in 1916 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of AmeriFirst Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.25% $1,000 - Learn MoreShow Less
12 Mo CD
0.35% $1,000 - Learn MoreShow Less
18 Mo CD
0.45% $1,000 - Learn MoreShow Less
24 Mo CD
0.45% $1,000 - Learn MoreShow Less
30 Mo CD
0.45% $1,000 - Learn MoreShow Less
36 Mo CD
0.75% $1,000 - Learn MoreShow Less
48 Mo CD
0.75% $1,000 - Learn MoreShow Less
60 Mo CD
1.00% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - September 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for AmeriFirst Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More
First Internet Bank
NMLS ID: 424182
3.780% 3.750% 0.38 $912 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to AmeriFirst Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

AmeriFirst Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


AmeriFirst Bank Locations


Financial Details

AmeriFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of AmeriFirst Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
AmeriFirst Bank U.S. Bank Average
0.17% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, AmeriFirst Bank had $38,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,559,000 in equity and $1,852,000 in loans loss reserves. That gives it a Texas Ratio of 0.17%.

Return on Equity
AmeriFirst Bank U.S. Bank Average
8.25% 9.47%

AmeriFirst Bank has a Return on Equity of 8.25% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
AmeriFirst Bank U.S. Bank Average
11.35% 12.49%

AmeriFirst Bank has a Capitalization of 11.35% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

AmeriFirst Bank Balance Sheet Analysis

As of March 31, 2019, AmeriFirst Bank had assets of $181,124,000, loans of $137,473,000, and deposits of $151,421,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.14 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.16 billion
LIABILITIES
Total deposits $0.15 billion
      Interest-bearing deposits $0.12 billion
      Deposits held in domestic offices $0.15 billion
      % insured (estimated) 85.67%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in AmeriFirst Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, AmeriFirst Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.63
Multifamily
Mortgages
1.05
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 18.10
Construction and Development Loans 12.48
Commercial Real Estate 33.07
Commercial and Industrial Loans 23.36
Farm Loans 5.08

Frequently Asked Questions About Amerifirst Bank

Branches and Savings

Is Amerifirst Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2838.

Why does Amerifirst Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Amerifirst Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Amerifirst Bank a commercial bank?

Yes

Where are Amerifirst Bank locations?

See branch locations nearby.

Is Amerifirst Bank open on Saturdays?

Is Amerifirst Bank open on Sundays?

What time does Amerifirst Bank open?

What time does Amerifirst Bank close?

Are Amerifirst Bank ATMs Open 24/7?

Do Amerifirst Bank ATMs accept cash deposits?

Can Amerifirst Bank customers use other ATMs?

Do Amerifirst Bank branches have notaries?

Will Amerifirst Bank notarize my document?

What address for Amerifirst Bank should I put for incoming ACH transfers?

Will the Amerifirst Bank branch print checks?

Do Amerifirst Bank checks expire?

Does Amerifirst Bank require US citizenship to open account?

Can Amerifirst Bank close my account?

Does Amerifirst Bank Report to credit bureaus?

Does Amerifirst Bank Use Equifax?

What is Amerifirst Bank's ACH Routing Number?

What is Amerifirst Bank's SWIFT code?

Products

Does Amerifirst Bank offer mortgages?

Compare mortgage rates here.

Does Amerifirst Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Amerifirst Bank offer personal loans?

Compare personal loan rates here.

Does Amerifirst Bank offer student loans?

Will Amerifirst Bank cash a check?

Will Amerifirst Bank redeem a savings bond?

Does Amerifirst Bank cash savings bonds?

Will Amerifirst Bank cash money orders?

Can Amerifirst Bank issue a money order?

Does Amerifirst Bank do currency exchange?

Background on The Bank

Who owns Amerifirst Bank?

How long has Amerifirst Bank been around?

Can Amerifirst Bank transfer to other banks?

Does Amerifirst Bank have quick pay?

Does Amerifirst Bank accept rolled coins?

Will Amerifirst Bank accept loose change?

Where is Amerifirst Bank headquarters?

Customer Reviews for AmeriFirst Bank

There are currently no comments for AmeriFirst Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →