Community First Bank in New Iberia, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community First Bank - Overview

  • General
  • FDIC Certificate #: 35020
    Status: Active
    Federal Reserve ID: 2775179
    Bank Holding Company (Regulatory Top Holder): Community First Bancshares, Inc. (RSSDID: 2775160, Location: New Iberia, LA)
    Date Established: May 10, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 73844
    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: May 10, 1999
    Last Structure Change Effective Date: June 24, 2008
    Last Structure Change Process Date: June 27, 2008
    Last Data Update: June 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 535 Jefferson Terrance Boulevard, New Iberia, LA 70560
    County: Iberia
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
    Core Based Statistical Area (CBSA): New Iberia, LA (#35340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $246.3 mil
    Equity capital: $23.9 mil
    Deposits held in domestic offices: $222.0 mil
    Return on assets (ROA): 1.99% ($4.9 mil)
    Quarterly return on assets: 2.00% ($4.9 mil)
    Return on Equity (ROE): 21.87% ($5.2 mil)
    Quarterly return on equity: 20.67% ($5.0 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.99% ($4,900.8 mil)
    Quarterly Pretax return on assets: 2.00% ($4,925.4 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
  • 65Total employees (full-time equivalent)
  • $246,269Total assets
  • $14,913Cash and due from depository institutions
  • $232Interest-bearing balances
  • $61,469Securities
  • $2,250Federal funds sold & reverse repurchase agreements
  • $156,069Net loans & leases
  • $3,014Loan loss allowance
  • $0Trading account assets
  • $6,326Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $246,269Life insurance assets
  • $5,192All other assets
  • $222,354Total liabilities and capital
  • $221,995Total liabilities
  • $170,174Total deposits
  • $221,995Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $359Subordinated debt
  • $23,915All other liabilities
  • $23,915Total equity capital
  • $23,915Total bank equity capital
  • $0Perpetual preferred stock
  • $1,138Common stock
  • $7,612Surplus
  • $15,165Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $379Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $788Income earned, not collected on loans
  • $0Earning assets
  • $963Long-term assets (5+ years)
  • $220,020Average Assets, year-to-date
  • $82,666Average Assets, quarterly
  • $243,672Volatile liabilities
  • $248,377Insider loans
  • $164,149FHLB advances
  • $249,555Loans and leases held for sale
  • $2,718Unused loan commitments
  • $2,718Tier 1 (core) risk-based capital
  • $21,970Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $41,832Restructured Loans and leases
  • $2,049Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,979Total interest income
  • $1,708Total interest expense
  • $10,271Net interest income
  • $720Provision for loan and lease losses
  • $1,587Total noninterest income
  • $0Fiduciary activities
  • $813Service charges on deposit accounts
  • $0Trading account gains & fees
  • $774Additional noninterest income
  • $6,293Total noninterest expense
  • $3,618Salaries and employee benefits
  • $770Premises and equipment expense
  • $1,905Additional noninterest expense
  • $4,845Pre-tax net operating income
  • $7Securities gains (losses)
  • $0Applicable income taxes
  • $4,852Income before extraordinary items
  • -$7Extraordinary gains - net
  • $4,845Net income attributable to bank
  • $0Net charge-offs
  • $4,845Cash dividends
  • $171Sale, conversion, retirement of capital stock, net
  • $2,893Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.99%Net operating income to assets
  • 1.99%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 21.87%Return on equity (ROE)
  • 8.81%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 421.05%Credit loss provision to net charge-offs
  • 32.54%Efficiency ratio
  • 53,070Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.71%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 382.49%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 70.30%Net loans and leases to core deposits
  • 75.82%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $243,672Average earning assets
  • $22,154Average equity
  • $222,159Average loans

List of branches

  • 4 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073844Community First Bank535 Jefferson Terrance Boulevard, New Iberia, LA 70560May 10, 1999Full Service Brick and Mortar
    1360817Northside Branch403 Emile Verret Street, New Iberia, LA 70563May 30, 2001Limited Service Facility
    2433013Broussard Branch801 Albertson Parkway, Broussard, LA 70518November 11, 2004Full Service Brick and Mortar
    4460992Youngsville Branch2821 East Milton Avenue, Youngsville, LA 70592March 08, 2007Full Service Brick and Mortar

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