Community First Bank

Headquarters

408 Elizabeth Avenue
Somerset, NJ 08873
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Community First Bank is an FDIC insured institution located in Somerset, NJ. It was founded in 2008 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58782
Date Established 2008
Assets $ 99.49 million
Loans $ 79.84 million
Deposits $ 90.13 million
Capital $ 8.95 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 - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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:
Seattle,Washington


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
Community First Bank U.S. Bank Average
25.5% 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, Community First Bank had $2,526,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,950,000 in equity and $956,000 in loans loss reserves. That gives it a Texas Ratio of 25.5%.

Return on Equity
Community First Bank U.S. Bank Average
1.35% 7.80%

Community First Bank has a Return on Equity of 1.35% 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
Community First Bank U.S. Bank Average
9% 12.68%

Community First Bank has a Capitalization of 9% 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.

Community First Bank Balance Sheet Analysis

As of March 31, 2015, Community First Bank had assets of $87,557,000, loans of $79,841,000, and deposits of $90,125,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 79.84 million
Loan loss allowance $ 0.96 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 90.13 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 99.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in New Jersey, Community First Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial 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 34.29
Multifamily
Mortgages
0.68
Credit Card Loans 0.00
Consumer Auto Loans 0.26
Small Business Loans 36.93
Construction and Development Loans 9.16
Commercial Real Estate 43.29
Commercial and Industrial Loans 12.79
Farm Loans 0.00

Frequently Asked Questions About Community First Bank

Branches and Savings

Is Community First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58782.

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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