Community First Bank

Headquarters

1101 E. Admiral Doyle Drive
New Iberia, LA 70560
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.60% →
1-Year CD 0.50% 1.55% →
2-Year CD 1.26% 1.45% →
5-Year CD 1.76% 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Community First Bank is an FDIC insured institution located in New Iberia, LA. It was founded in 1999 and has approximately $0.39 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 35020
Date Established 1999
Assets $ 390.35 million
Loans $ 318.49 million
Deposits $ 347.66 million
Capital $ 41.80 million
 

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

Deposit Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $200 - Learn More
Money Market
0.15% $2,500 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 $100,000 Learn More
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
1.00% $1,000 $100,000 Learn More
24 Mo CD
1.26% $1,000 $100,000 Learn More
36 Mo CD
1.51% $1,000 - Learn More
48 Mo CD
1.51% $1,000 - Learn More
60 Mo CD
1.76% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,500 - Learn MoreShow Less

Loan Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community First 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
2.856% 2.750% 1.00 $3,482 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Note to Community First Bank
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Branches

Community 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:
Ashburn,Virginia


Community First Bank Locations


Financial Details

Community First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community 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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Community First Bank U.S. Bank Average
7.82% 6.51%

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 December 31, 2019, Community First Bank had $3,494,000 in non-current loans and $231,000 in owned real estate. To cover these potential losses it had $41,804,000 in equity and $5,842,000 in loans loss reserves. That gives it a Texas Ratio of 7.82%.

Return on Equity
Community First Bank U.S. Bank Average
16.73% 9.41%

Community First Bank has a Return on Equity of 16.73% versus the BestCashCow average of 9.41%. 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
Community First Bank U.S. Bank Average
10.71% 12.82%

Community First Bank has a Capitalization of 10.71% versus the BestCashCow average of 12.82. 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.

Community First Bank Balance Sheet Analysis

As of December 31, 2019, Community First Bank had assets of $390,346,000, loans of $318,485,000, and deposits of $347,664,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 14.43 million
Interest-bearing balances $ 5.42 million
Total securities $ 33.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 318.49 million
Loan loss allowance $ 5.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles N.A.
All other assets $ 11.94 million
     Total Assets $ 348.54 million
LIABILITIES
Total deposits $ 347.66 million
      Interest-bearing deposits $ 258.83 million
      Deposits held in domestic offices $ 347.66 million
      % insured (estimated) 77.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.88 million
      Total Liabilities $ 348.54 million
      Shareholders’ Equity $ 41.80 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 18.97 million
Total Interest Expense $ 2.28 million
Net interest income $ 16.70 million
Provision for loan and lease losses $ 0.66 million
Total non interest income $ 2.71 million
Total non interest expense $ 12.08 million
Pre-tax Net Operating Income $ 6.66 million

Bank Loan Profile?

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

Compared to other banks, Community First Bank’s loan portfolio does not show any specific loan specialty.

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 36.94
Multifamily
Mortgages
2.08
Credit Card Loans 0.10
Consumer Auto Loans 0.88
Small Business Loans 18.67
Construction and Development Loans 7.89
Commercial Real Estate 34.40
Commercial and Industrial Loans 14.99
Farm Loans 0.53

Frequently Asked Questions About Community First Bank

Branches and Savings

Is Community First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35020.

Why does Community 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 Community First Bank CD rates not competitive?

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

Is Community First Bank a commercial bank?

Yes

Where are Community First Bank locations?

See branch locations nearby.

Is Community First Bank open on Saturdays?

Is Community First Bank open on Sundays?

What time does Community First Bank open?

What time does Community First Bank close?

Are Community First Bank ATMs Open 24/7?

Do Community First Bank ATMs accept cash deposits?

Can Community First Bank customers use other ATMs?

Do Community First Bank branches have notaries?

Will Community First Bank notarize my document?

What address for Community First Bank should I put for incoming ACH transfers?

Will the Community First Bank branch print checks?

Do Community First Bank checks expire?

Does Community First Bank require US citizenship to open account?

Can Community First Bank close my account?

Does Community First Bank Report to credit bureaus?

Does Community First Bank Use Equifax?

What is Community First Bank's ACH Routing Number?

What is Community First Bank's SWIFT code?

Products

Does Community First Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community First Bank offer personal loans?

Compare personal loan rates here.

Does Community First Bank offer student loans?

Will Community First Bank cash a check?

Will Community First Bank redeem a savings bond?

Does Community First Bank cash savings bonds?

Will Community First Bank cash money orders?

Can Community First Bank issue a money order?

Does Community First Bank do currency exchange?

Background on The Bank

Who owns Community First Bank?

How long has Community First Bank been around?

Can Community First Bank transfer to other banks?

Does Community First Bank have quick pay?

Does Community First Bank accept rolled coins?

Will Community First Bank accept loose change?

Where is Community First Bank headquarters?

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