Community First Bank in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2006

Community First Bank in Lynchburg, Virginia (VA)
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Community First Bank - Overview

General
FDIC Certificate #: 35277
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: American National Bank and Trust Company (#6837)
Federal Reserve ID: 2813790
Date Established: October 14, 1999
WWW: http://www.cfbonline.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 77242
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: October 14, 1999
Last Structure Change Effective Date: April 01, 2006
Last Structure Change Process Date: April 11, 2006
Last Data Update: April 11, 2006
Data Source Date: April 05, 2012
Location
Address: 1646 Graves Mill Road, Lynchburg, VA 24502
County: Lynchburg City
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Lynchburg, VA (#4640)
Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
CBSA Metro Statistical Area: Lynchburg, VA (#31340)
Financial Summary
Total assets: $155.4 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, 2005)

Dollar figures in thousands
45Total employees (full-time equivalent)
$161,218Total assets
$7,965Cash and due from depository institutions
$250Interest-bearing balances
$7,093Securities
$0Federal funds sold & reverse repurchase agreements
$136,632Net loans & leases
$1,376Loan loss allowance
$0Trading account assets
$3,999Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,529All other assets
$161,218Total liabilities and capital
$146,523Total liabilities
$139,945Total deposits
$120,242Interest-bearing deposits
$139,945Deposits held in domestic offices
0.00%% insured (estimated)
$5,878Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$700All other liabilities
$14,695Total equity capital
$14,695Total bank equity capital
$14,695Perpetual preferred stock
$0Common stock
$3,874Surplus
$8,476Undivided profits
Memoranda
$2,345Noncurrent loans and leases
$25,631Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$640Earning assets
$0Long-term assets (5+ years)
$662Average Assets, year-to-date
$143,975Average Assets, quarterly
$16,676Volatile liabilities
$159,284Insider loans
$160,479FHLB advances
$27,379Loans and leases held for sale
$5,431Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$523Total risk weighted assets
$25,631Total unused commitments
$0Restructured Loans and leases
$1,376Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$9,676Total interest income
$3,695Total interest expense
$5,981Net interest income
$402Provision for loan and lease losses
$732Total noninterest income
$0Fiduciary activities
$301Service charges on deposit accounts
$0Trading account gains & fees
$431Additional noninterest income
$4,824Total noninterest expense
$2,504Salaries and employee benefits
$601Premises and equipment expense
$1,719Additional noninterest expense
$1,487Pre-tax net operating income
$0Securities gains (losses)
$461Applicable income taxes
$1,026Income before extraordinary items
$0Extraordinary gains - net
$1,026Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$409Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.83%Yield on earning assets
2.61%Cost of funding earning assets
4.22%Net interest margin
0.52%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
0.64%Net operating income to assets
0.64%Return on assets (ROA)
0.93%Pretax return on assets
7.25%Return on equity (ROE)
7.25%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
98.29%Credit loss provision to net charge-offs
4.62%Efficiency ratio
71,861Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
215.00%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.46%Net loans and leases to deposits
97.63%Net loans and leases to core deposits
115.36%Equity capital to assets
9.11%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
10.49%Total risk-based capital ratio
Memoranda
$11Average assets
$159,284Average earning assets
$14,155Average equity
$141,751Average loans

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