Community First Bank, Inc. in Walhalla, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community First Bank, Inc. in Walhalla, South Carolina (SC)
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Community First Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 32838
    Status: Active
    Federal Reserve ID: 1440117
    Bank Holding Company (Regulatory Top Holder): Community First Bancorporation (RSSDID: 2593083, Location: Walhalla, SC)
    Date Established: March 12, 1990
    WWW: http://www.c1stbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 45750
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: March 12, 1990
    Last Structure Change Effective Date: November 29, 2011
    Last Structure Change Process Date: December 15, 2011
    Last Data Update: December 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3685 Blue Ridge Boulevard, Walhalla, SC 29691
    County: Oconee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Seneca, SC (#42860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $519.2 mil
    Equity capital: $42.4 mil
    Deposits held in domestic offices: $466.3 mil
    Return on assets (ROA): 0.16% ($0.8 mil)
    Quarterly return on assets: -0.01% (-$0.1 mil)
    Return on Equity (ROE): 1.94% ($0.8 mil)
    Quarterly return on equity: -0.17% (-$0.1 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.35% ($1,817.1 mil)
    Quarterly Pretax return on assets: 0.65% ($3,374.7 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
  • 88Total employees (full-time equivalent)
  • $519,182Total assets
  • $125,597Cash and due from depository institutions
  • $123,579Interest-bearing balances
  • $129,051Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $223,131Net loans & leases
  • $4,199Loan loss allowance
  • $0Trading account assets
  • $8,931Bank premises and fixed assets
  • $14,908Other real estate owned
  • $278Goodwill and other intangibles
  • $519,182Life insurance assets
  • $17,286All other assets
  • $476,745Total liabilities and capital
  • $466,339Total liabilities
  • $397,618Total deposits
  • $466,339Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $3,906Subordinated debt
  • $42,437All other liabilities
  • $42,437Total equity capital
  • $42,437Total bank equity capital
  • $0Perpetual preferred stock
  • $3,824Common stock
  • $5,758Surplus
  • $32,855Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,140Income earned, not collected on loans
  • $0Earning assets
  • $1,784Long-term assets (5+ years)
  • $475,761Average Assets, year-to-date
  • $140,788Average Assets, quarterly
  • $490,468Volatile liabilities
  • $496,153Insider loans
  • $274,309FHLB advances
  • $477,421Loans and leases held for sale
  • $10,015Unused loan commitments
  • $10,015Tier 1 (core) risk-based capital
  • $38,356Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,405Restructured Loans and leases
  • $9,815Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,922Total interest income
  • $5,079Total interest expense
  • $13,843Net interest income
  • $4,725Provision for loan and lease losses
  • $3,260Total noninterest income
  • $0Fiduciary activities
  • $1,176Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,084Additional noninterest income
  • $10,638Total noninterest expense
  • $4,957Salaries and employee benefits
  • $947Premises and equipment expense
  • $4,734Additional noninterest expense
  • $1,740Pre-tax net operating income
  • -$6Securities gains (losses)
  • $930Applicable income taxes
  • $804Income before extraordinary items
  • $0Extraordinary gains - net
  • $804Net income attributable to bank
  • $0Net charge-offs
  • $804Cash dividends
  • $6,282Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 1.94%Retained earnings to average equity (YTD only)
  • 2.63%Net charge-offs to loans
  • 75.21%Credit loss provision to net charge-offs
  • 1.03%Efficiency ratio
  • 62,200Assets per employee
  • 5.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 31.96%Noncurrent assets plus other real estate owned to assets
  • 5.40%Noncurrent loans to loans
  • 5.78%Net loans and leases to deposits
  • 47.85%Net loans and leases to core deposits
  • 50.55%Equity capital to assets
  • 8.17%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 13.98%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $490,468Average earning assets
  • $41,439Average equity
  • $443,735Average loans

List of branches

  • 9 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045750Community First Bank, Inc.3685 Blue Ridge Boulevard, Walhalla, SC 29691March 12, 1990Full Service Brick and Mortar
    1289040Seneca Branch1600 Sandifer Boulevard, Seneca, SC 29678September 25, 1992Full Service Brick and Mortar
    2289041Anderson Branch4002 Clemson Blvd, Anderson, SC 29621January 04, 1999Full Service Brick and Mortar
    3358771Williamston Branch208 East Main Street, Williamston, SC 29697August 28, 2000Full Service Brick and Mortar
    4419051Westminster Branch306 East Windsor Street, Westminster, SC 29693May 12, 2003Full Service Brick and Mortar
    5446146Messenger Service3685 Blue Ridge Boulevard, Walhalla, SC 29691July 01, 2005Limited Service Messenger
    6450825North Seneca Branch449 Highway 123 Bypass, Seneca, SC 29678April 17, 2006Full Service Brick and Mortar
    7469485Anderson Highway 81 Branch2007 E. Greenville Street, Anderson, SC 29621October 22, 2007Full Service Brick and Mortar
    89564Bank Of Westminster-West Branch306 East Windsor Street, Westminster, SC 29693May 23, 1935Full Service Brick and Mortar

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