Community First Bank in Bakersfield, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1995

Community First Bank in Bakersfield, California (CA)
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Community First Bank - Overview

General
FDIC Certificate #: 17109
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: ValliWide Bank (#21166)
Federal Reserve ID: 931168
Date Established: May 09, 1952
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 14 (Interstate: No)
FDIC's unique #: 11154
Numeric code: 13
Regulator: FED
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: May 09, 1952
Last Structure Change Effective Date: June 24, 1995
Last Structure Change Process Date: July 18, 1995
Last Data Update: July 18, 1995
Data Source Date: April 05, 2012
Location
Address: 1810 Chester Avenue, Bakersfield, CA 93301
County: Kern
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Los Angeles (North)
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Bakersfield, CA (#680)
Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540)
CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
Financial Summary
Total assets: $199.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$112Total assets
$175,922Cash and due from depository institutions
$15,547Interest-bearing balances
$0Securities
$33,615Federal funds sold & reverse repurchase agreements
$550Net loans & leases
$117,269Loan loss allowance
$2,197Trading account assets
$0Bank premises and fixed assets
$4,270Other real estate owned
$827Goodwill and other intangibles
$3,590Life insurance assets
$254All other assets
$0Total liabilities and capital
$175,922Total liabilities
$160,643Total deposits
$159,570Interest-bearing deposits
$116,323Deposits held in domestic offices
159570.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,073Total equity capital
$1,073Total bank equity capital
$15,279Perpetual preferred stock
$0Common stock
$13,181Surplus
$0Undivided profits
Memoranda
$2,098Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$978Income earned, not collected on loans
$1,085Earning assets
$151,434Long-term assets (5+ years)
$14,433Average Assets, year-to-date
$169,664Average Assets, quarterly
$172,756Volatile liabilities
$9,318Insider loans
$210FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$35,512Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,117Total risk weighted assets
$142,954Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$12,275Total interest expense
$2,866Net interest income
$9,409Provision for loan and lease losses
$121Total noninterest income
$2,354Fiduciary activities
$0Service charges on deposit accounts
$1,457Trading account gains & fees
$0Additional noninterest income
$897Total noninterest expense
$7,880Salaries and employee benefits
$2,989Premises and equipment expense
$1,256Additional noninterest expense
$3,635Pre-tax net operating income
$3,762Securities gains (losses)
$0Applicable income taxes
$1,561Income before extraordinary items
$2,201Extraordinary gains - net
$0Net income attributable to bank
$2,201Net charge-offs
$556Cash dividends
$250Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.29%Cost of funding earning assets
1.94%Net interest margin
6.36%Noninterest income to earning assets
1.59%Noninterest expense to earning assets
5.32%Net operating income to assets
1.30%Return on assets (ROA)
1.30%Pretax return on assets
2.22%Return on equity (ROE)
15.38%Retained earnings to average equity (YTD only)
13.63%Net charge-offs to loans
0.50%Credit loss provision to net charge-offs
21.76%Efficiency ratio
66,811Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.36%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
224.64%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
0.82%Net loans and leases to deposits
73.49%Net loans and leases to core deposits
78.05%Equity capital to assets
8.69%Core capital (leverage) ratio
8.63%Tier 1 risk-based capital ratio
10.57%Total risk-based capital ratio
Memoranda
$12Average assets
$169,664Average earning assets
$14,314Average equity
$148,053Average loans

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