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Overview / Commentary
509-783-3435
6401 West Clearwater Avenue
Kennewick, WA 99336

Community First Bank (WA) is headquartered in Kennewick and is the 30th largest bank in the state of Washington. It is also the 2,559th largest bank in the nation. It was established in 1997 and as of June of 2014, it had grown to 54 employees at 5 locations. Community First Bank (WA) has a A health rating.

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Health

Data for Q2 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 June 30, 2014 Community First Bank (WA) had $316,000 in non-current loans and owned real-estate with $23.75 million in equity and loan loss allowances on hand to cover it. This gives Community First Bank (WA) a Texas Ratio of 1.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Community First Bank (WA) decreased dramatically from 2.99% as of June 30, 2013 to 1.33% as of June 30, 2014, resulting in a positive change of 55.47%.This indicates that the balance sheet and financial strength for Community First Bank (WA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Community First Bank (WA) has increased its total deposits by $20.01 million, resulting in 9.65% 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 Community First Bank (WA) has shown is excellent.

Capitalization

GRADE:
C+

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. Community First Bank (WA) has $250.32 million in assets with $23.75 million in equity, resulting in a capitalization level of 9.49%, which is average.

Institution Statistics

Overall
FDIC Certificate #34627
Year Established1997
Employees54
Primary RegulatorFDIC
Assets and Liabilities
Assets$250.32 million
Loans$132.81 million
Deposits$227.39 million
Equity Capital$22.16 million
Loan Loss Allowance$1.59 million
Unbacked Noncurrent Loans$316,000
Real Estate Owned$0
Historic Data - June 2013
Assets$228.71 million
Equity Capital$20.52 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$316,000
Real Estate Owned$275,000
Profit Margin - Quarterly
Return on Assets1%
Return on Equity11.38%
Interest Income$4.04 million
Rates

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Community First Bank (WA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$15k$10mHometeam Health Savings
0.04%--Hometeam Savings Account
0.04%--Business Savings Account
0.04%--Hometeam Holiday Savings

Community First Bank (WA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$300k-Hometeam Money Market
0.25%$300k-Business Money Market
0.25%$300k-IRA Money Market
0.09%$300k-Public Fund Money Market

Community First Bank (WA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$300k$10mPreferred Banking Interest Checking
0.15%--Business Analyzed Interest Checking
0.15%--Business Analyzed Lockbox Interest Checking
0.15%--Business Analyzed Remote Deposit Interest Checking
0.05%--Business Interest Checking
0.02%$1k-Hometeam Advantage Checking
0.02%--Hometeam Advantage Plus Checking
0.02%--IOLTA/IRETA

Community First Bank (WA) CD Rates

DetailsAPYMINMAXPRODUCT
0.70%--60-120 Month CD
0.70%--Business 60-120 Month CD
0.50%--36-59 Month CD
0.50%--Business 36-59 Month CD
0.45%--24-35 Month CD
0.45%--Business 24-35 Month CD
0.35%--13-23 Month CD
0.35%--Business 13-23 Month CD
0.30%--12 Month CD
0.30%--Business 12 Month CD
0.20%--9-11 Month CD
0.20%--Business 9-11 Month CD
0.10%--6-8 Month CD
0.10%--Business 6-8 Month CD
0.05%--7-89 Day CD
0.05%--3-5 Month CD
0.05%--Business 7-89 Day CD
0.05%--Business 3-5 Month CD

Community First Bank (WA) IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%--60-120 Month IRA
0.50%--36-59 Month IRA
0.45%--24-35 Month IRA
0.35%--13-23 Month IRA
0.30%--12 Month IRA
0.20%--9-11 Month IRA
0.10%--6-8 Month IRA
0.05%--7-89 Day IRA
0.05%--3-5 Month IRA
Locations


Community First Bank (WA) Locations
Richland Branch1060 Jadwin Avenue, Suite 101Richland, WA 99352
West Pasco Branch4720 Broadmoor Blvd.Pasco, WA 99301
Connell Branch630 South Columbia AvenueConnell, WA 99326
Community First Bank6401 West Clearwater AvenueKennewick, WA 99336