Community First Bank, Inc.
FDIC #32838
📍 Walhalla, South Carolina
Community First Bank, Inc. is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in March 12, 1990. With assets of $702.62 Million, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: February 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 1, 2022
Satisfactory
February 1, 2019
Satisfactory
July 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$702.62 Million
Total Deposits$602.33 Million
Equity Capital$56.82 Million
Net Income$3.68 Million
📈 Performance
ROA0.72%
ROE8.59%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedMarch 12, 1990
FDIC Cert32838
Holding CoCommunity First Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2021
Merger / Acquisition
Acquired: Security Federal Bank
2011
Merger / Acquisition
Acquired: Bank Of Westminster
1997
Name Change
Name became: Changed Institution Name To Community First Bank, Inc..