Community FirstBank of Charleston

Headquarters

288 Meeting Street
Charleston, SC 29401
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 FirstBank of Charleston is an FDIC insured institution located in Charleston, SC. It was founded in 1997 and has approximately $0.51 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34335
Date Established 1997
Assets $ 506.62 million
Loans $ 358.72 million
Deposits $ 376.36 million
Capital $ 44.01 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community FirstBank of Charleston

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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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
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2.240 %
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People's United Bank, N.A.
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4.000 %
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Note to Community FirstBank of Charleston
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Branches

Community FirstBank of Charleston 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 FirstBank of Charleston Locations


Financial Details

Community FirstBank of Charleston Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community FirstBank of Charleston. 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 FirstBank of Charleston U.S. Bank Average
48.49% 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 FirstBank of Charleston had $19,736,000 in non-current loans and $4,882,000 in owned real estate. To cover these potential losses it had $44,006,000 in equity and $6,761,000 in loans loss reserves. That gives it a Texas Ratio of 48.49%.

Return on Equity
Community FirstBank of Charleston U.S. Bank Average
9.92% 7.80%

Community FirstBank of Charleston has a Return on Equity of 9.92% 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 FirstBank of Charleston U.S. Bank Average
8.69% 12.68%

Community FirstBank of Charleston has a Capitalization of 8.69% 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 FirstBank of Charleston Balance Sheet Analysis

As of June 30, 2011, Community FirstBank of Charleston had assets of $506,615,000, loans of $358,719,000, and deposits of $376,358,000. 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 $ 358.72 million
Loan loss allowance $ 6.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.88 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 376.36 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 $ 506.62 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 FirstBank of Charleston’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Community FirstBank of Charleston’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 Firstbank Of Charleston

Branches and Savings

Is Community Firstbank Of Charleston FDIC insured?

Yes. It is covered under FDIC Certificate #34335.

Why does Community Firstbank Of Charleston pay such low interest on savings accounts?

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

Why are Community Firstbank Of Charleston CD rates not competitive?

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

Is Community Firstbank Of Charleston a commercial bank?

Yes

Where are Community Firstbank Of Charleston locations?

See branch locations nearby.

Is Community Firstbank Of Charleston open on Saturdays?

Is Community Firstbank Of Charleston open on Sundays?

What time does Community Firstbank Of Charleston open?

What time does Community Firstbank Of Charleston close?

Are Community Firstbank Of Charleston ATMs Open 24/7?

Do Community Firstbank Of Charleston ATMs accept cash deposits?

Can Community Firstbank Of Charleston customers use other ATMs?

Do Community Firstbank Of Charleston branches have notaries?

Will Community Firstbank Of Charleston notarize my document?

What address for Community Firstbank Of Charleston should I put for incoming ACH transfers?

Will the Community Firstbank Of Charleston branch print checks?

Do Community Firstbank Of Charleston checks expire?

Does Community Firstbank Of Charleston require US citizenship to open account?

Can Community Firstbank Of Charleston close my account?

Does Community Firstbank Of Charleston Report to credit bureaus?

Does Community Firstbank Of Charleston Use Equifax?

What is Community Firstbank Of Charleston's ACH Routing Number?

What is Community Firstbank Of Charleston's SWIFT code?

Products

Does Community Firstbank Of Charleston offer mortgages?

Compare mortgage rates here.

Does Community Firstbank Of Charleston offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Firstbank Of Charleston offer personal loans?

Compare personal loan rates here.

Does Community Firstbank Of Charleston offer student loans?

Will Community Firstbank Of Charleston cash a check?

Will Community Firstbank Of Charleston redeem a savings bond?

Does Community Firstbank Of Charleston cash savings bonds?

Will Community Firstbank Of Charleston cash money orders?

Can Community Firstbank Of Charleston issue a money order?

Does Community Firstbank Of Charleston do currency exchange?

Background on The Bank

Who owns Community Firstbank Of Charleston?

How long has Community Firstbank Of Charleston been around?

Can Community Firstbank Of Charleston transfer to other banks?

Does Community Firstbank Of Charleston have quick pay?

Does Community Firstbank Of Charleston accept rolled coins?

Will Community Firstbank Of Charleston accept loose change?

Where is Community Firstbank Of Charleston headquarters?

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