Community First Bank (WA)
Community First Bank (WA) is headquartered in Kennewick and is the 32nd largest bank in the state of Washington. It is also the 2,616st largest bank in the nation. It was established in 1997 and as of December of 2013, it had grown to 55 employees at 5 locations. Community First Bank (WA) has a A health rating.
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Community First Bank (WA) had $385,000 in non-current loans and owned real-estate with $23.1 million in equity and loan loss allowances on hand to cover it. This gives Community First Bank (WA) a Texas Ratio of 1.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Community First Bank (WA) decreased dramatically from 3.16% as of December 31, 2012 to 1.67% as of December 31, 2013, resulting in a positive change of 47.24%.This indicates that the balance sheet and financial strength for Community First Bank (WA) has improved dramatically in recent periods.
Deposit Growth
In the past year, Community First Bank (WA) has increased its total deposits by $16.35 million, resulting in 7.99% 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
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 $243.35 million in assets with $23.1 million in equity, resulting in a capitalization level of 9.49%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 34627 |
| Year Established | 1997 |
| Employees | 55 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $243.35 million |
| Loans | $126.43 million |
| Deposits | $221.10 million |
| Equity Capital | $21.48 million |
| Loan Loss Allowance | $1.62 million |
| Unbacked Noncurrent Loans | $385,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $226.45 million |
| Equity Capital | $20.91 million |
| Loan Loss Allowance | $1.51 million |
| Unbacked Noncurrent Loans | $385,000 |
| Real Estate Owned | $275,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.37% |
| Return on Assets | 1.26% |
| Return on Equity | 14% |
| Interest Income | $7.94 million |
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Community First Bank (WA) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $15k | $10m | Hometeam Health Savings | |
| 0.04% | - | - | Hometeam Savings Account | |
| 0.04% | - | - | Business Savings Account | |
| 0.04% | - | - | Hometeam Holiday Savings |
Community First Bank (WA) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $300k | $10m | Preferred 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.70% | - | - | 60-120 Month CD | |
| 0.70% | - | - | 60-120 Month Business CD | |
| 0.50% | - | - | 36-59 Month CD | |
| 0.50% | - | - | 36-59 Month Business CD | |
| 0.45% | - | - | 24-35 Month CD | |
| 0.45% | - | - | 24-35 Month Business CD | |
| 0.35% | - | - | 13-23 Month CD | |
| 0.35% | - | - | 13-23 Month Business CD | |
| 0.30% | - | - | 12 Month CD | |
| 0.30% | - | - | 12 Month Business CD | |
| 0.20% | - | - | 9-11 Month CD | |
| 0.20% | - | - | 9-11 Month Business CD | |
| 0.10% | - | - | 6-8 Month CD | |
| 0.10% | - | - | 6-8 Month Business CD | |
| 0.05% | - | - | 7-89 Day CD | |
| 0.05% | - | - | 3-5 Month CD | |
| 0.05% | - | - | 7-89 Day Business CD | |
| 0.05% | - | - | 3-5 Month Business CD |
Community First Bank (WA) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 |
| Community First Bank (WA) Locations | ||
|---|---|---|
| Richland Branch | 1060 Jadwin Avenue, Suite 101 | Richland, WA 99352 |
| West Pasco Branch | 4720 Broadmoor Blvd. | Pasco, WA 99301 |
| Connell Branch | 630 South Columbia Avenue | Connell, WA 99326 |
| Community First Bank | 6401 West Clearwater Avenue | Kennewick, WA 99336 |