Community First Bank of Indiana is headquartered in Kokomo and is the 30th largest bank in the state of Indiana. It is also the 1,482nd largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 181 employees at 7 locations. Community First Bank of Indiana's CD rates are 3X the national average, and it has an A health rating.
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Went Above And Beyond. Great Bank.
Great service.
I called up about CD rates and discussed in detail the rate I would get. Based on that phone call I withdrew money at another bank and drove over to the CFB bank to get the CD.
They informed me that the person made a mistake and the rate I was quoted had expired the week prior. However, they discussed the situation with managers and they went ahead and honored the rate I was told over the phone.
Over the years I have never had any issues with this bank. CFB is also one of the easiest banks to deal with out of all the banks I have accounts.
Community First Bank Kokomo "Good Ole Boys"
Unless you are in the "good ole boy network" you can forget about getting loans or being treated fairly at this bank. The loan officers pick and choose who they do business with based on "who you know" or, "what can you do for them in return" regardless of good credit, or a strong book of business. Typical small town crooked bank that caters to only a select few.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57511 |
| Year Established | 2003 |
| Employees | 181 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.87% |
| Return on Equity - YTD | 8.62% |
| Annual Interest Income | $14.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $606.7MM$513.0MM |
| Loans | Q2 2022vs Q2 2021 | $451.3MM$397.6MM |
| Deposits | Q2 2022vs Q2 2021 | $498.4MM$430.9MM |
| Equity Capital | Q2 2022vs Q2 2021 | $61.3MM$51.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $7.0MM$5.8MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.1MM$1.4MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $642.00K$670.00K |