COMMUNITY FIRST BANK OF THE HEARTLAND

Headquarters

117 North 10th Street
Mount Vernon, IL 62864
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.45% 0.95% →
2-Year CD 0.60% 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

COMMUNITY FIRST BANK OF THE HEARTLAND is an FDIC insured institution located in Mount Vernon, IL. It was founded in 1906 and has approximately $0.2 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 3846
Date Established 1906
Assets $ 204.99 million
Loans $ 169.24 million
Deposits $ 174.56 million
Capital $ 21.40 million
 

For a more detailed analysis of COMMUNITY FIRST BANK OF THE HEARTLAND's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for COMMUNITY FIRST BANK OF THE HEARTLAND

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
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to COMMUNITY FIRST BANK OF THE HEARTLAND
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

COMMUNITY FIRST BANK OF THE HEARTLAND 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 OF THE HEARTLAND Locations


Financial Details

COMMUNITY FIRST BANK OF THE HEARTLAND Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of COMMUNITY FIRST BANK OF THE HEARTLAND. 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 OF THE HEARTLAND U.S. Bank Average
9.62% 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 OF THE HEARTLAND had $1,294,000 in non-current loans and $931,000 in owned real estate. To cover these potential losses it had $21,395,000 in equity and $1,743,000 in loans loss reserves. That gives it a Texas Ratio of 9.62%.

Return on Equity
COMMUNITY FIRST BANK OF THE HEARTLAND U.S. Bank Average
15.66% 7.80%

COMMUNITY FIRST BANK OF THE HEARTLAND has a Return on Equity of 15.66% 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 OF THE HEARTLAND U.S. Bank Average
10.44% 12.68%

COMMUNITY FIRST BANK OF THE HEARTLAND has a Capitalization of 10.44% 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 OF THE HEARTLAND Balance Sheet Analysis

As of March 31, 2020, COMMUNITY FIRST BANK OF THE HEARTLAND had assets of $204,990,000, loans of $169,235,000, and deposits of $174,561,000. 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 $ 5.71 million
Interest-bearing balances $ 0.04 million
Total securities $ 15.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 169.24 million
Loan loss allowance $ 1.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.93 million
Goodwill and other intangibles $ 1.92 million
All other assets $ 6.43 million
     Total Assets $ 183.60 million
LIABILITIES
Total deposits $ 174.56 million
      Interest-bearing deposits $ 126.87 million
      Deposits held in domestic offices $ 174.56 million
      % insured (estimated) 90.73%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.55 million
Subordinated debt N.A.
All other liabilities $ 0.48 million
      Total Liabilities $ 183.60 million
      Shareholders’ Equity $ 21.40 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.39 million
Total Interest Expense $ 0.36 million
Net interest income $ 2.04 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.42 million
Total non interest expense $ 1.56 million
Pre-tax Net Operating Income $ 0.82 million

Bank Loan Profile?

The top three loan types in COMMUNITY FIRST BANK OF THE HEARTLAND’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, COMMUNITY FIRST BANK OF THE HEARTLAND has a significantly higher percent of 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 12.90
Multifamily
Mortgages
1.24
Credit Card Loans 0.00
Consumer Auto Loans 0.14
Small Business Loans 0.00
Construction and Development Loans 3.87
Commercial Real Estate 39.55
Commercial and Industrial Loans 13.41
Farm Loans 4.03

Frequently Asked Questions About Community First Bank Of The Heartland

Branches and Savings

Is Community First Bank Of The Heartland FDIC insured?

Yes. It is covered under FDIC Certificate #3846.

Why does Community First Bank Of The Heartland 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 Of The Heartland CD rates not competitive?

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

Is Community First Bank Of The Heartland a commercial bank?

Yes

Where are Community First Bank Of The Heartland locations?

See branch locations nearby.

Is Community First Bank Of The Heartland open on Saturdays?

Is Community First Bank Of The Heartland open on Sundays?

What time does Community First Bank Of The Heartland open?

What time does Community First Bank Of The Heartland close?

Are Community First Bank Of The Heartland ATMs Open 24/7?

Do Community First Bank Of The Heartland ATMs accept cash deposits?

Can Community First Bank Of The Heartland customers use other ATMs?

Do Community First Bank Of The Heartland branches have notaries?

Will Community First Bank Of The Heartland notarize my document?

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

Will the Community First Bank Of The Heartland branch print checks?

Do Community First Bank Of The Heartland checks expire?

Does Community First Bank Of The Heartland require US citizenship to open account?

Can Community First Bank Of The Heartland close my account?

Does Community First Bank Of The Heartland Report to credit bureaus?

Does Community First Bank Of The Heartland Use Equifax?

What is Community First Bank Of The Heartland's ACH Routing Number?

What is Community First Bank Of The Heartland's SWIFT code?

Products

Does Community First Bank Of The Heartland offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community First Bank Of The Heartland offer personal loans?

Compare personal loan rates here.

Does Community First Bank Of The Heartland offer student loans?

Will Community First Bank Of The Heartland cash a check?

Will Community First Bank Of The Heartland redeem a savings bond?

Does Community First Bank Of The Heartland cash savings bonds?

Will Community First Bank Of The Heartland cash money orders?

Can Community First Bank Of The Heartland issue a money order?

Does Community First Bank Of The Heartland do currency exchange?

Background on The Bank

Who owns Community First Bank Of The Heartland?

How long has Community First Bank Of The Heartland been around?

Can Community First Bank Of The Heartland transfer to other banks?

Does Community First Bank Of The Heartland have quick pay?

Does Community First Bank Of The Heartland accept rolled coins?

Will Community First Bank Of The Heartland accept loose change?

Where is Community First Bank Of The Heartland headquarters?

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