Community First Bank in Kennewick, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community First Bank in Kennewick, Washington (WA)
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Community First Bank - Overview

  • General
  • FDIC Certificate #: 34627
    Status: Active
    Federal Reserve ID: 2642598
    Bank Holding Company (Regulatory Top Holder): Community First Bancorporation, Inc. (RSSDID: 3294556, Location: Kennewick, WA)
    Date Established: December 30, 1997
    WWW: http://www.community1st.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 #: 15408
    FDIC's unique #: 60850
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 30, 1997
    Last Structure Change Effective Date: May 31, 2007
    Last Structure Change Process Date: May 31, 2007
    Last Data Update: May 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 6401 West Clearwater Avenue, Kennewick, WA 99336
    County: Benton
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Richland-Kennewick-Pasco, WA (#6740)
    Core Based Statistical Area (CBSA): Kennewick-Pasco-Richland, WA (#28420)
    CBSA Metro Statistical Area: Kennewick-Pasco-Richland, WA (#28420)
  • Financial Summary
  • Total assets: $199.8 mil
    Equity capital: $19.3 mil
    Deposits held in domestic offices: $179.7 mil
    Return on assets (ROA): 1.69% ($3.4 mil)
    Quarterly return on assets: 1.64% ($3.3 mil)
    Return on Equity (ROE): 16.91% ($3.2 mil)
    Quarterly return on equity: 16.98% ($3.2 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.69% ($3,376.8 mil)
    Quarterly Pretax return on assets: 1.64% ($3,276.9 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
  • 52Total employees (full-time equivalent)
  • $199,813Total assets
  • $53,622Cash and due from depository institutions
  • $52,561Interest-bearing balances
  • $20,680Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,933Net loans & leases
  • $1,713Loan loss allowance
  • $0Trading account assets
  • $2,902Bank premises and fixed assets
  • $0Other real estate owned
  • $489Goodwill and other intangibles
  • $199,813Life insurance assets
  • $5,187All other assets
  • $180,472Total liabilities and capital
  • $179,651Total liabilities
  • $113,582Total deposits
  • $179,651Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $321Subordinated debt
  • $19,341All other liabilities
  • $19,341Total equity capital
  • $19,341Total bank equity capital
  • $0Perpetual preferred stock
  • $401Common stock
  • $11,203Surplus
  • $7,737Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $261Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $479Income earned, not collected on loans
  • $38Earning assets
  • $712Long-term assets (5+ years)
  • $190,174Average Assets, year-to-date
  • $64,683Average Assets, quarterly
  • $187,652Volatile liabilities
  • $199,260Insider loans
  • $124,432FHLB advances
  • $199,756Loans and leases held for sale
  • $3,774Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,628Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,774Total unused commitments
  • $35,375Restructured Loans and leases
  • $203Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,414Total interest income
  • $761Total interest expense
  • $7,653Net interest income
  • $98Provision for loan and lease losses
  • $1,045Total noninterest income
  • $0Fiduciary activities
  • $316Service charges on deposit accounts
  • $0Trading account gains & fees
  • $729Additional noninterest income
  • $5,510Total noninterest expense
  • $3,533Salaries and employee benefits
  • $527Premises and equipment expense
  • $1,450Additional noninterest expense
  • $3,090Pre-tax net operating income
  • $82Securities gains (losses)
  • $0Applicable income taxes
  • $3,172Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,172Net income attributable to bank
  • $0Net charge-offs
  • $3,172Cash dividends
  • -$31Sale, conversion, retirement of capital stock, net
  • $2,126Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.69%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 16.91%Return on equity (ROE)
  • 5.58%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -316.13%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,348Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.02%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 357.62%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 65.09%Net loans and leases to core deposits
  • 68.05%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $187,652Average earning assets
  • $18,754Average equity
  • $179,213Average loans

List of branches

  • 5 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    060850Community First Bank6401 West Clearwater Avenue, Kennewick, WA 99336December 30, 1997Full Service Brick and Mortar
    1424225Clearwater Branch6401 West Clearwater Avenue, Kennewick, WA 99336October 28, 2002Limited Service Messenger
    2195932Connell Branch630 South Columbia Avenue, Connell, WA 99326October 05, 1998Full Service Brick and Mortar
    3442567Richland Branch1060 Jadwin Avenue, Suite 101, Richland, WA 99352June 24, 2005Full Service Brick and Mortar
    4493449West Pasco Branch4720 Broadmoor Blvd., Pasco, WA 99301July 25, 2008Full Service Brick and Mortar

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