Community First Bank in Harrison, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


Community First Bank - Overview

  • General
  • FDIC Certificate #: 34611
    Status: Active
    Federal Reserve ID: 2619732
    Bank Holding Company (Regulatory Top Holder): Community First Bancshares, Inc. (RSSDID: 2754585, Location: Harrison, AR)
    Date Established: October 30, 1997
    WWW: http://www.communityfirstbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15566
    FDIC's unique #: 60834
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 30, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 East Ridge Avenue, Harrison, AR 72601
    County: Boone
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Harrison, AR (#25460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $517.6 mil
    Equity capital: $56.5 mil
    Deposits held in domestic offices: $384.0 mil
    Return on assets (ROA): 0.81% ($4.2 mil)
    Quarterly return on assets: 0.58% ($3.0 mil)
    Return on Equity (ROE): 7.96% ($4.5 mil)
    Quarterly return on equity: 5.39% ($3.0 mil)
    Net income: $4.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.13% ($5,848.8 mil)
    Quarterly Pretax return on assets: 0.72% ($3,726.7 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $517,591Total assets
  • $5,430Cash and due from depository institutions
  • $100Interest-bearing balances
  • $120,477Securities
  • $14,475Federal funds sold & reverse repurchase agreements
  • $341,607Net loans & leases
  • $6,902Loan loss allowance
  • $0Trading account assets
  • $11,956Bank premises and fixed assets
  • $10,059Other real estate owned
  • $65Goodwill and other intangibles
  • $517,590Life insurance assets
  • $13,522All other assets
  • $461,138Total liabilities and capital
  • $383,977Total liabilities
  • $353,095Total deposits
  • $383,977Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $75,501Trading liabilities
  • $0Other borrowed funds
  • $1,660Subordinated debt
  • $56,452All other liabilities
  • $56,452Total equity capital
  • $56,452Total bank equity capital
  • $0Perpetual preferred stock
  • $6Common stock
  • $25,690Surplus
  • $30,756Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,735Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,664Income earned, not collected on loans
  • $16Earning assets
  • $3,132Long-term assets (5+ years)
  • $476,659Average Assets, year-to-date
  • $122,120Average Assets, quarterly
  • $527,836Volatile liabilities
  • $519,346Insider loans
  • $348,315FHLB advances
  • $518,649Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $54,618Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,274Restructured Loans and leases
  • $14,190Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,423Total interest income
  • $7,236Total interest expense
  • $20,187Net interest income
  • $2,565Provision for loan and lease losses
  • $1,560Total noninterest income
  • $0Fiduciary activities
  • $1,891Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$331Additional noninterest income
  • $13,491Total noninterest expense
  • $6,964Salaries and employee benefits
  • $2,242Premises and equipment expense
  • $4,285Additional noninterest expense
  • $5,691Pre-tax net operating income
  • $290Securities gains (losses)
  • $1,701Applicable income taxes
  • $4,280Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,280Net income attributable to bank
  • $0Net charge-offs
  • $4,280Cash dividends
  • $2,743Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 7.96%Return on equity (ROE)
  • 6.10%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 93.51%Credit loss provision to net charge-offs
  • 3.01%Efficiency ratio
  • 62,036Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.36%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 54.50%Noncurrent assets plus other real estate owned to assets
  • 4.39%Noncurrent loans to loans
  • 3.63%Net loans and leases to deposits
  • 88.97%Net loans and leases to core deposits
  • 95.94%Equity capital to assets
  • 10.91%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 15.68%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $527,836Average earning assets
  • $53,796Average equity
  • $484,281Average loans

List of branches

  • 5 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    060834Community First Bank200 East Ridge Avenue, Harrison, AR 72601October 30, 1997Full Service Brick and Mortar
    1290735West Van Buren Branch107 West Van Buren, Eureka Springs, AR 72632September 21, 1998Full Service Brick and Mortar
    2290736Harrison Branch1304 Highway 62/65 North, Harrison, AR 72601May 19, 1999Full Service Brick and Mortar
    3358874Berryville Branch911 W. Trimble, Berryville, AR 72616October 19, 2000Full Service Brick and Mortar
    4445633Community First Bank, Pea Ridge198 Slack Street, Pea Ridge, AR 72751November 02, 2005Full Service Brick and Mortar

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