Community First Bank in Bakersfield, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1995

  • Community First Bank in Bakersfield, California (CA)
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Community First Bank - Overview

  • General
  • FDIC Certificate #: 17109
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: ValliWide Bank (#21166)
    Federal Reserve ID: 931168
    Date Established: May 09, 1952
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 11154
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 09, 1952
    Last Structure Change Effective Date: June 24, 1995
    Last Structure Change Process Date: July 18, 1995
    Last Data Update: July 18, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1810 Chester Avenue, Bakersfield, CA 93301
    County: Kern
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Bakersfield, CA (#680)
    Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540)
    CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
  • Financial Summary
  • Total assets: $199.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $112Total assets
  • $175,922Cash and due from depository institutions
  • $15,547Interest-bearing balances
  • $0Securities
  • $33,615Federal funds sold & reverse repurchase agreements
  • $550Net loans & leases
  • $117,269Loan loss allowance
  • $2,197Trading account assets
  • $0Bank premises and fixed assets
  • $4,270Other real estate owned
  • $827Goodwill and other intangibles
  • $3,590Life insurance assets
  • $254All other assets
  • $0Total liabilities and capital
  • $175,922Total liabilities
  • $160,643Total deposits
  • $159,570Interest-bearing deposits
  • $116,323Deposits held in domestic offices
  • 159570.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,073Total equity capital
  • $1,073Total bank equity capital
  • $15,279Perpetual preferred stock
  • $0Common stock
  • $13,181Surplus
  • $0Undivided profits
  • Memoranda
  • $2,098Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $978Income earned, not collected on loans
  • $1,085Earning assets
  • $151,434Long-term assets (5+ years)
  • $14,433Average Assets, year-to-date
  • $169,664Average Assets, quarterly
  • $172,756Volatile liabilities
  • $9,318Insider loans
  • $210FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $35,512Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,117Total risk weighted assets
  • $142,954Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,275Total interest expense
  • $2,866Net interest income
  • $9,409Provision for loan and lease losses
  • $121Total noninterest income
  • $2,354Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,457Trading account gains & fees
  • $0Additional noninterest income
  • $897Total noninterest expense
  • $7,880Salaries and employee benefits
  • $2,989Premises and equipment expense
  • $1,256Additional noninterest expense
  • $3,635Pre-tax net operating income
  • $3,762Securities gains (losses)
  • $0Applicable income taxes
  • $1,561Income before extraordinary items
  • $2,201Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,201Net charge-offs
  • $556Cash dividends
  • $250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.29%Cost of funding earning assets
  • 1.94%Net interest margin
  • 6.36%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 5.32%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 2.22%Return on equity (ROE)
  • 15.38%Retained earnings to average equity (YTD only)
  • 13.63%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 21.76%Efficiency ratio
  • 66,811Assets per employee
  • 1.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.36%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 224.64%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 73.49%Net loans and leases to core deposits
  • 78.05%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $169,664Average earning assets
  • $14,314Average equity
  • $148,053Average loans

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