Community First Bank Mortgage Rates, Fees & Info

Kennewick, WA

LEI: 5493005F145IP6JL7314

Tax ID: 91-1873460

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Community First Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Community First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kennewick, Hermiston, Yakima, and Walla Walla among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community First Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    66

    Origination Dollar Volume (All Markets)

    $16,200,000

    Employee count

    100

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 59 $15,115,000 $256,186 $0 0.00%
    Outside of Metro Areas 1 $415,000 $415,000 $0 0.00%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    Outside of Metro Areas 2 $200,000 $100,000 $0 0.00%
    YAKIMA, WA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Community First Bank's top markets include Kennewick, Hermiston, Yakima, and Walla Walla among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $16,200,000 $245,455 $0 0.00%

    For 2019, Community First Bank's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $6,880,000 $286,667 $0 0.00%
    Cash Out Refi 22 $5,670,000 $257,727 $0 0.00%
    Refi 13 $3,045,000 $234,231 $0 0.00%
    Home Improvement 6 $550,000 $91,667 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2019, Community First Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $16,200,000 $245,455 $0 0.00%

    For 2019, Community First Bank's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,460,000 $144,167 $0 0.00%
    $200k-400k 18 $5,350,000 $297,222 $0 0.00%
    $100,000 or less 12 $810,000 $67,500 $0 0.00%
    $400k-600k 9 $4,265,000 $473,889 $0 0.00%
    $600k-1MM 3 $2,315,000 $771,667 $0 0.00%

    2019 saw Community First Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $5,290,000 $293,889 $0 0.00%
    $100k-150k 15 $3,225,000 $215,000 $0 0.00%
    $50k-75k 13 $2,195,000 $168,846 $0 0.00%
    $75k-100k 8 $1,720,000 $215,000 $0 0.00%
    $250k+ 6 $3,020,000 $503,333 $0 0.00%
    $50k or less 3 $485,000 $161,667 $0 0.00%

    Community First Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $16,200,000 $245,455 $0 0.00%

    Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $14,450,000 $249,138 $0 0.00%
    Asian 2 $1,080,000 $540,000 $0 0.00%
    Not provided 3 $405,000 $135,000 $0 0.00%
    Not applicable 3 $265,000 $88,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.77%

    Community First Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.15%

    Community First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $16,200,000 $245,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 64 $16,070,000 $251,094

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community First Bank 1060 Jadwin Avenue, Suite 101 Richland, WA 99352 Full Service B&M $25,909
    Community First Bank 4720 Broadmoor Blvd. Pasco, WA 99301 Full Service B&M $36,452
    Community First Bank 630 South Columbia Avenue Connell, WA 99326 Full Service B&M $34,819
    Community First Bank 6401 West Clearwater Avenue Kennewick, WA 99336 Full Service B&M $184,296
    Community First Bank 8131 W. Grandridge Blvd. Kennewick, WA 99336 Full Service B&M $2,022

    For 2019, Community First Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,247
    Net interest income $11,506
    Total noninterest income $7,297
    Gross Fiduciary activities income $4,075
    Service charges on deposit accounts $288
    Trading account gains and fees $0
    Additional Noninterest Income $2,934
    Pre-tax net operating income $4,058
    Securities gains (or losses, -) $131
    Income before extraordinary items $4,189
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,189
    Minority interest net income $0
    Net income $4,189
    Sale, conversion, retirement of capital stock, net $90
    Net operating income $4,058

    Community First Bank's gross interest income from loans was $12,247,000.
    Community First Bank's net interest income from loans was $11,506,000.
    Community First Bank's fee based income from loans was $288,000.
    Community First Bank's net income from loans was $4,189,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $741
    Provision for credit losses $267
    Total noninterest expense $14,478
    Salaries and employee benefits $10,018
    Premises and equipment expense $1,272
    Additional noninterest expense $3,188
    Applicable income taxes $0
    Net charge-offs $61
    Cash dividends $2,084

    Community First Bank's interest expense for loans was $741,000.
    Community First Bank's payroll and benefits expense were $10,018,000.
    Community First Bank's property, plant and equipment expenses $1,272,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $316,378
    Deposits held in domestic offices $316,378
    Deposits by Individuals, partnerships, and corporations $312,176
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,202
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $205,043
    Demand deposits $141,413
    Nontransaction accounts $111,335
    Money market deposit accounts (MMDAs) $90,831
    Other savings deposits (excluding MMDAs) $11,162
    Total time deposits $9,342
    Total time and savings deposits $174,965
    Noninterest-bearing deposits $141,413
    Interest-bearing deposits $174,965
    Retail deposits $313,550
    IRAs and Keogh plan accounts $1,664
    Brokered deposits $102
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $353,466
    Cash & Balances due from depository institutions $63,983
    Interest-bearing balances $50,648
    Total securities $66,531
    Federal funds sold & reverse repurchase $0
    Net loans and leases $203,917
    Loan and leases loss allowance $2,139
    Trading account assets $0
    Bank premises and fixed assets $6,834
    Other real estate owned $0
    Goodwill and other intangibles $2,473
    All other assets $9,728

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $353,466
    Total Liabilities $316,871
    Total deposits $316,378
    Interest-bearing deposits $174,965
    Deposits held in domestic offices $316,378
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $493

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $203,917
    Loan and leases loss allowance $2,139
    Total loans and leases (domestic) $206,056
    All real estate loans $187,886
    Real estate loans in domestic offices $187,886
    Construction and development loans $24,882
    Residential 1-4 family construction $5,290
    Other construction, all land development and other land $19,592
    Loans secured by nonfarm nonresidential properties $115,960
    Nonfarm nonresidential secured by owner-occupied properties $74,264
    Commercial real estate & other non-farm, non-residential $41,696
    Multifamily residential real estate $1,220
    1-4 family residential loans $40,473
    Farmland loans $5,351
    Loans held in foreign offices $0
    Farm loans $1,427
    Commercial and industrial loans $13,018
    To non-U.S. addressees $0
    Loans to individuals $3,273
    Credit card loans $0
    Related Plans $620
    Consumer Auto Loans $1,309
    Other loans to individuals $1,344
    All other loans & leases $453
    Loans to foreign governments and official institutions $0
    Other loans $453
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Community First Bank had $203,917,000 of loans outstanding in 2019. $187,886,000 of loans were in real estate loans. $24,882,000 of loans were in development loans. $1,220,000 of loans were in multifamily mortgage loans. $40,473,000 of loans were in 1-4 family mortgage loans. $1,427,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,309,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 177 $52,630 $297,345
    Nonfarm, nonresidential loans - <$100k 18 $819 $45,500
    Nonfarm, nonresidential loans - $100-250k 50 $6,526 $130,520
    Nonfarm, nonresidential loans - $250k-1MM 109 $45,285 $415,459
    Commercial & Industrial, US addressed loans - <$1MM 235 $10,060 $42,809
    Commercial & Industrial, US addressed loans - <$100k 174 $3,955 $22,730
    Commercial & Industrial, US addressed loans - $100-250k 41 $3,197 $77,976
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $2,908 $145,400
    Farmland loans - <$1MM 25 $2,934 $117,360
    Farmland loans - <$100k 3 $140 $46,667
    Farmland loans - $100-250k 15 $1,662 $110,800
    Farmland loans - $250k-1MM 7 $1,132 $161,714
    Agriculture operations loans - <$1MM 20 $1,426 $71,300
    Agriculture operations loans - <$100k 12 $122 $10,167
    Agriculture operations loans - $100-250k 2 $43 $21,500
    Agriculture operations loans - $250k-1MM 6 $1,261 $210,167