FDIC Certificate #: 34614 Status: Active Federal Reserve ID: 2694449 Date Established: May 18, 1998 WWW:http://www.cfbreversemortgages.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14468 FDIC's unique #: 60837 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: May 18, 1998 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 3725 Old Court Road, Pikesville, MD 21208 County: Baltimore Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Baltimore Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Baltimore, MD (#720) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580) CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $46.2 mil Equity capital: $6.5 mil Deposits held in domestic offices: $39.5 mil Return on assets (ROA): -2.08% (-$1.0 mil) Quarterly return on assets: -3.03% (-$1.4 mil) Return on Equity (ROE): -14.70% (-$1.0 mil) Quarterly return on equity: -21.41% (-$1.5 mil) Net income: -$1.1 mil Quarterly Net income: -$0.4 mil Pretax return on assets: -2.08% (-$960.5 mil) Quarterly Pretax return on assets: -3.03% (-$1,399.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
28Total employees (full-time equivalent)
$46,180Total assets
$18,747Cash and due from depository institutions
$18,669Interest-bearing balances
$172Securities
$1,084Federal funds sold & reverse repurchase agreements
$25,151Net loans & leases
$744Loan loss allowance
$0Trading account assets
$89Bank premises and fixed assets
$427Other real estate owned
$0Goodwill and other intangibles
$46,180Life insurance assets
$510All other assets
$39,671Total liabilities and capital
$39,495Total liabilities
$35,541Total deposits
$39,495Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$176Subordinated debt
$6,509All other liabilities
$6,509Total equity capital
$6,509Total bank equity capital
$0Perpetual preferred stock
$2Common stock
$4,698Surplus
$1,809Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,649Income earned, not collected on loans
$0Earning assets
$143Long-term assets (5+ years)
$45,076Average Assets, year-to-date
$0Average Assets, quarterly
$50,816Volatile liabilities
$47,254Insider loans
$21,878FHLB advances
$46,180Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,509Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,262Restructured Loans and leases
$9Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,139Total interest income
$403Total interest expense
$1,736Net interest income
$99Provision for loan and lease losses
$1,018Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$1,017Additional noninterest income
$3,710Total noninterest expense
$1,214Salaries and employee benefits
$378Premises and equipment expense
$2,118Additional noninterest expense
-$1,055Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,055Income before extraordinary items
$0Extraordinary gains - net
-$1,055Net income attributable to bank
$0Net charge-offs
-$1,055Cash dividends
$96Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.34%Yield on earning assets
0.82%Cost of funding earning assets
3.52%Net interest margin
2.06%Noninterest income to earning assets
7.52%Noninterest expense to earning assets
-2.08%Net operating income to assets
-2.08%Return on assets (ROA)
-2.08%Pretax return on assets
-14.70%Return on equity (ROE)
-14.70%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
103.13%Credit loss provision to net charge-offs
-9.96%Efficiency ratio
134,713Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.87%Loss allowance to noncurrent loans
45.12%Noncurrent assets plus other real estate owned to assets
4.50%Noncurrent loans to loans
6.37%Net loans and leases to deposits
63.68%Net loans and leases to core deposits
64.09%Equity capital to assets
14.09%Core capital (leverage) ratio
14.09%Tier 1 risk-based capital ratio
29.75%Total risk-based capital ratio
Memoranda
$31Average assets
$50,816Average earning assets
$7,178Average equity
$49,317Average loans
List of branches
1 Maryland Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60837
Community First Bank
3725 Old Court Road, Pikesville, MD 21208
May 18, 1998
Full Service Brick and Mortar
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