Community First Bank - Chicago

Headquarters

7555 North Western Avenue
Chicago, IL 60645
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community First Bank - Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 2005 and has approximately $0.05 billion in assets.

On Friday, February 4, 2011, Community First Bank Chicago, Chicago, IL was closed by the Illinois Department of Banking & Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. All deposit accounts, including brokered deposits, have been transferred to Northbrook Bank and Trust Company, Northbrook, IL ("assuming institution") and will be available immediately. The former Community First Bank Chicago location will reopen as a branch of Northbrook Bank and Trust Company during regular business hours.

FDIC Insured Yes
FDIC Certificate # 57948
Date Established 2005
Assets $ 51.08 million
Loans $ 31.78 million
Deposits $ 49.50 million
Capital $ 1.27 million
 

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

Deposit Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community First Bank - Chicago

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

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Community First Bank - Chicago
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Branches

Community First Bank - Chicago 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


Community First Bank - Chicago Locations


Financial Details

Community First Bank - Chicago Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community First Bank - Chicago. 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 - Chicago U.S. Bank Average
277.25% 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 - Chicago had $2,190,000 in non-current loans and $7,156,000 in owned real estate. To cover these potential losses it had $1,271,000 in equity and $2,100,000 in loans loss reserves. That gives it a Texas Ratio of 277.25%.

Return on Equity
Community First Bank - Chicago U.S. Bank Average
-79.03% 7.80%

Community First Bank - Chicago has a Return on Equity of -79.03% 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 - Chicago U.S. Bank Average
2.49% 12.68%

Community First Bank - Chicago has a Capitalization of 2.49% 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 - Chicago Balance Sheet Analysis

As of December 31, 2010, Community First Bank - Chicago had assets of $51,083,000, loans of $31,781,000, and deposits of $49,504,000. 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 $ 31.78 million
Loan loss allowance $ 2.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.16 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 49.50 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 $ 51.08 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 - Chicago’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Community First Bank - Chicago’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Community First Bank - Chicago

Branches and Savings

Is Community First Bank - Chicago FDIC insured?

Yes. It is covered under FDIC Certificate #57948.

Why does Community First Bank - Chicago 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 - Chicago CD rates not competitive?

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

Is Community First Bank - Chicago a commercial bank?

Yes

Where are Community First Bank - Chicago locations?

See branch locations nearby.

Is Community First Bank - Chicago open on Saturdays?

Is Community First Bank - Chicago open on Sundays?

What time does Community First Bank - Chicago open?

What time does Community First Bank - Chicago close?

Are Community First Bank - Chicago ATMs Open 24/7?

Do Community First Bank - Chicago ATMs accept cash deposits?

Can Community First Bank - Chicago customers use other ATMs?

Do Community First Bank - Chicago branches have notaries?

Will Community First Bank - Chicago notarize my document?

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

Will the Community First Bank - Chicago branch print checks?

Do Community First Bank - Chicago checks expire?

Does Community First Bank - Chicago require US citizenship to open account?

Can Community First Bank - Chicago close my account?

Does Community First Bank - Chicago Report to credit bureaus?

Does Community First Bank - Chicago Use Equifax?

What is Community First Bank - Chicago's ACH Routing Number?

What is Community First Bank - Chicago's SWIFT code?

Products

Does Community First Bank - Chicago offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community First Bank - Chicago offer personal loans?

Compare personal loan rates here.

Does Community First Bank - Chicago offer student loans?

Will Community First Bank - Chicago cash a check?

Will Community First Bank - Chicago redeem a savings bond?

Does Community First Bank - Chicago cash savings bonds?

Will Community First Bank - Chicago cash money orders?

Can Community First Bank - Chicago issue a money order?

Does Community First Bank - Chicago do currency exchange?

Background on The Bank

Who owns Community First Bank - Chicago?

How long has Community First Bank - Chicago been around?

Can Community First Bank - Chicago transfer to other banks?

Does Community First Bank - Chicago have quick pay?

Does Community First Bank - Chicago accept rolled coins?

Will Community First Bank - Chicago accept loose change?

Where is Community First Bank - Chicago headquarters?

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