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Overview / Commentary
614-310-7200
6877 N. High Street
Worthington, OH 43085

Columbus First Bank is headquartered in Worthington and is the 67th largest bank in the state of Ohio. It is also the 2,379th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 34 employees at 1 location. Columbus First Bank's money market rates are 14% higher than the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Columbus First Bank had $2.22 million in non-current loans and owned real-estate with $27.85 million in equity and loan loss allowances on hand to cover it. This gives Columbus First Bank a Texas Ratio of 7.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Columbus First Bank decreased slightly from 8.90% as of March 31, 2013 to 7.98% as of March 31, 2014, resulting in a positive change of 10.31%.This indicates that the balance sheet and financial strength for Columbus First Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Columbus First Bank has increased its total deposits by $24.94 million, resulting in 13.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Columbus First Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Columbus First Bank has $271.44 million in assets with $27.85 million in equity, resulting in a capitalization level of 10.26%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58445
Year Established2007
Employees34
Primary RegulatorFDIC
Assets and Liabilities
Assets$271.45 million
Loans$220.32 million
Deposits$213.51 million
Equity Capital$24.06 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$0
Historic Data - March 2013
Assets$244.35 million
Equity Capital$21.04 million
Loan Loss Allowance$3.66 million
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$368,000
Profit Margin - Quarterly
Net Interest Margin3.42%
Return on Assets0.75%
Return on Equity8.33%
Interest Income$2.72 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Columbus First Bank, we are a rate comparison website and can not provide official rates or promotions.

Columbus First Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$2,500-Savings

Columbus First Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$250k-Premium Money Market
0.30%$50k-Money Market

Columbus First Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Interest Checking
0.10%--Sole Proprietor Checking
0.10%$2,500-Premium Sole Proprietor

Columbus First Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.85%$500-60 Month CD
1.50%$500-48 Month CD
1.25%$500-36 Month CD
1.05%$500-24 Month CD
1.05%$500-30 Month CD
0.80%$500-18 Month CD
0.70%$500-12 Month CD
0.55%$500-6 Month CD

Columbus First Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.85%$500-60 Month IRA
1.50%$500-48 Month IRA
1.25%$500-36 Month IRA
1.05%$500-24 Month IRA
1.05%$500-30 Month IRA
0.80%$500-18 Month IRA
0.70%$500-12 Month IRA
0.55%$500-6 Month IRA
Locations


Columbus First Bank Locations
Columbus First Bank6877 N. High StreetWorthington, OH 43085