Community First Bank in Clearfield, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 19, 1994

  • Community First Bank in Clearfield, Utah (UT)
  • Show street view No street view available for this location

Community First Bank - Overview

  • General
  • FDIC Certificate #: 9207
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Northwest, National Association (#13718)
    Federal Reserve ID: 31479
    Date Established: January 01, 1917
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 5895
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: May 19, 1994
    Last Structure Change Process Date: May 25, 1994
    Last Data Update: May 25, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 South State Street, Clearfield, UT 84015
    County: Davis
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Ogden-Clearfield, UT (#36260)
    CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
  • Financial Summary
  • Total assets: $75.8 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $79,956Cash and due from depository institutions
  • $6,025Interest-bearing balances
  • $0Securities
  • $44,924Federal funds sold & reverse repurchase agreements
  • $4,000Net loans & leases
  • $23,039Loan loss allowance
  • $272Trading account assets
  • $0Bank premises and fixed assets
  • $934Other real estate owned
  • $70Goodwill and other intangibles
  • $964Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $79,956Total liabilities
  • $67,580Total deposits
  • $67,263Interest-bearing deposits
  • $54,847Deposits held in domestic offices
  • 67263.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $67Subordinated debt
  • $0All other liabilities
  • $250Total equity capital
  • $250Total bank equity capital
  • $12,376Perpetual preferred stock
  • $0Common stock
  • $385Surplus
  • $2,100Undivided profits
  • Memoranda
  • $9,891Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,101Income earned, not collected on loans
  • $161Earning assets
  • $71,963Long-term assets (5+ years)
  • $16,992Average Assets, year-to-date
  • $75,615Average Assets, quarterly
  • $78,560Volatile liabilities
  • $3,816Insider loans
  • $9FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,447Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,376Total risk weighted assets
  • $31,018Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,197Total interest expense
  • $1,739Net interest income
  • $3,458Provision for loan and lease losses
  • $0Total noninterest income
  • $727Fiduciary activities
  • $0Service charges on deposit accounts
  • $531Trading account gains & fees
  • $0Additional noninterest income
  • $196Total noninterest expense
  • $2,280Salaries and employee benefits
  • $1,214Premises and equipment expense
  • $390Additional noninterest expense
  • $676Pre-tax net operating income
  • $1,905Securities gains (losses)
  • -$4Applicable income taxes
  • $650Income before extraordinary items
  • $1,251Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,251Net charge-offs
  • $0Cash dividends
  • $347Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.60%Cost of funding earning assets
  • 2.54%Net interest margin
  • 5.06%Noninterest income to earning assets
  • 1.06%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.51%Return on equity (ROE)
  • 10.33%Retained earnings to average equity (YTD only)
  • 7.47%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,480Assets per employee
  • 1.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.74%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 24.70%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 4.72%Net loans and leases to deposits
  • 34.25%Net loans and leases to core deposits
  • 36.27%Equity capital to assets
  • 15.48%Core capital (leverage) ratio
  • 16.01%Tier 1 risk-based capital ratio
  • 39.90%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $75,615Average earning assets
  • $12,106Average equity
  • $68,364Average loans

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