Columbus First Bank

Headquarters

6877 N. High Street
Worthington, OH 43085
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Columbus First Bank is an FDIC insured institution located in Worthington, OH. It was founded in 2007 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58445
Date Established 2007
Assets $ 330.38 million
Loans $ 276.90 million
Deposits $ 256.18 million
Capital $ 33.52 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Columbus First Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Columbus First Bank
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Branches

Columbus First 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:
Fairfield,Connecticut


Columbus First Bank Locations


Financial Details

Columbus First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Columbus First 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
Columbus First Bank U.S. Bank Average
1.48% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2020, Columbus First Bank had $545,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,516,000 in equity and $3,352,000 in loans loss reserves. That gives it a Texas Ratio of 1.48%.

Return on Equity
Columbus First Bank U.S. Bank Average
8.35% 7.80%

Columbus First Bank has a Return on Equity of 8.35% versus the BestCashCow average of 7.80%. 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
Columbus First Bank U.S. Bank Average
10.14% 12.68%

Columbus First Bank has a Capitalization of 10.14% versus the BestCashCow average of 12.68. 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.

Columbus First Bank Balance Sheet Analysis

As of March 31, 2018, Columbus First Bank had assets of $324,086,000, loans of $276,899,000, and deposits of $256,179,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 43.96 million
Interest-bearing balances $ 43.81 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 276.90 million
Loan loss allowance $ 3.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 3.15 million
     Total Assets $ 290.57 million
LIABILITIES
Total deposits $ 256.18 million
      Interest-bearing deposits $ 213.04 million
      Deposits held in domestic offices $ 256.18 million
      % insured (estimated) 72.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 34.00 million
Subordinated debt N.A.
All other liabilities $ 0.39 million
      Total Liabilities $ 290.57 million
      Shareholders’ Equity $ 39.81 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.36 million
Total Interest Expense $ 0.71 million
Net interest income $ 2.64 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.15 million
Total non interest expense $ 1.84 million
Pre-tax Net Operating Income $ 0.95 million

Bank Loan Profile?

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

Compared to other banks in Ohio, Columbus First Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate 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 33.37
Multifamily
Mortgages
8.40
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 8.12
Commercial Real Estate 34.08
Commercial and Industrial Loans 16.87
Farm Loans 0.00

Frequently Asked Questions About Columbus First Bank

Branches and Savings

Is Columbus First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58445.

Why does Columbus First Bank pay such low interest on savings accounts?

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

Why are Columbus First Bank CD rates not competitive?

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

Is Columbus First Bank a commercial bank?

Yes

Where are Columbus First Bank locations?

See branch locations nearby.

Is Columbus First Bank open on Saturdays?

Is Columbus First Bank open on Sundays?

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Are Columbus First Bank ATMs Open 24/7?

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Do Columbus First Bank checks expire?

Does Columbus First Bank require US citizenship to open account?

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Does Columbus First Bank Report to credit bureaus?

Does Columbus First Bank Use Equifax?

What is Columbus First Bank's ACH Routing Number?

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Products

Does Columbus First Bank offer mortgages?

Compare mortgage rates here.

Does Columbus First Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Columbus First Bank offer personal loans?

Compare personal loan rates here.

Does Columbus First Bank offer student loans?

Will Columbus First Bank cash a check?

Will Columbus First Bank redeem a savings bond?

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Can Columbus First Bank issue a money order?

Does Columbus First Bank do currency exchange?

Background on The Bank

Who owns Columbus First Bank?

How long has Columbus First Bank been around?

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Does Columbus First Bank have quick pay?

Does Columbus First Bank accept rolled coins?

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Where is Columbus First Bank headquarters?

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