Community First Bank in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2006

  • Community First Bank in Lynchburg, Virginia (VA)
  • Show street view No street view available for this location

Community First Bank - Overview

  • General
  • FDIC Certificate #: 35277
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American National Bank and Trust Company (#6837)
    Federal Reserve ID: 2813790
    Date Established: October 14, 1999
    WWW: http://www.cfbonline.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 77242
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 14, 1999
    Last Structure Change Effective Date: April 01, 2006
    Last Structure Change Process Date: April 11, 2006
    Last Data Update: April 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1646 Graves Mill Road, Lynchburg, VA 24502
    County: Lynchburg City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lynchburg, VA (#4640)
    Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
    CBSA Metro Statistical Area: Lynchburg, VA (#31340)
  • Financial Summary
  • Total assets: $155.4 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, 2005)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $161,218Total assets
  • $7,965Cash and due from depository institutions
  • $250Interest-bearing balances
  • $7,093Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $136,632Net loans & leases
  • $1,376Loan loss allowance
  • $0Trading account assets
  • $3,999Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,529All other assets
  • $161,218Total liabilities and capital
  • $146,523Total liabilities
  • $139,945Total deposits
  • $120,242Interest-bearing deposits
  • $139,945Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,878Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $700All other liabilities
  • $14,695Total equity capital
  • $14,695Total bank equity capital
  • $14,695Perpetual preferred stock
  • $0Common stock
  • $3,874Surplus
  • $8,476Undivided profits
  • Memoranda
  • $2,345Noncurrent loans and leases
  • $25,631Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $640Earning assets
  • $0Long-term assets (5+ years)
  • $662Average Assets, year-to-date
  • $143,975Average Assets, quarterly
  • $16,676Volatile liabilities
  • $159,284Insider loans
  • $160,479FHLB advances
  • $27,379Loans and leases held for sale
  • $5,431Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $523Total risk weighted assets
  • $25,631Total unused commitments
  • $0Restructured Loans and leases
  • $1,376Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $9,676Total interest income
  • $3,695Total interest expense
  • $5,981Net interest income
  • $402Provision for loan and lease losses
  • $732Total noninterest income
  • $0Fiduciary activities
  • $301Service charges on deposit accounts
  • $0Trading account gains & fees
  • $431Additional noninterest income
  • $4,824Total noninterest expense
  • $2,504Salaries and employee benefits
  • $601Premises and equipment expense
  • $1,719Additional noninterest expense
  • $1,487Pre-tax net operating income
  • $0Securities gains (losses)
  • $461Applicable income taxes
  • $1,026Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,026Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $409Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.83%Yield on earning assets
  • 2.61%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 7.25%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 98.29%Credit loss provision to net charge-offs
  • 4.62%Efficiency ratio
  • 71,861Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 215.00%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 97.63%Net loans and leases to core deposits
  • 115.36%Equity capital to assets
  • 9.11%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $159,284Average earning assets
  • $14,155Average equity
  • $141,751Average loans

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