Community First Bank Mortgage Rates, Fees & Info
Kennewick, WALEI: 5493005F145IP6JL7314
Tax ID: 91-1873460
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Mortgage Data
Bank Data
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, Spokane, Sandpoint, Denver, and Rexburg among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Community First Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
99Origination Dollar Volume (All Markets)
$34,895,000Employee count
126Top 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) | 78 | $25,740,000 | $330,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 0.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| Rexburg, ID (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 0.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Pullman, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $34,895,000 | $352,475 | $0 | 0.00% |
For 2021, Community First Bank's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 51 | $19,215,000 | $376,765 | $0 | 0.00% |
| Cash Out Refi | 37 | $9,435,000 | $255,000 | $0 | 0.00% |
| Refi | 11 | $6,245,000 | $567,727 | $0 | 0.00% |
For 2021, Community First Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $34,895,000 | $352,475 | $0 | 0.00% |
For 2021, Community First Bank's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2021 saw Community First Bank place emphasis on $200k-400k loans with 40 originations, totaling $11,630,000 in origination value.
Applicant Income
Community First Bank lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $34,895,000 | $352,475 | $0 | 0.00% |
Community First Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.20%
Community First Bank has an average approval rate.
Pick Rate
Approvals leading to origination-61.62%
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 | 99 | $34,895,000 | $352,475 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
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 | $45,671 |
| Community First Bank | 4720 Broadmoor Blvd. Pasco, WA 99301 | Full Service B&M | $75,621 |
| Community First Bank | 630 South Columbia Avenue Connell, WA 99326 | Full Service B&M | $45,668 |
| Community First Bank | 6401 West Clearwater Avenue Kennewick, WA 99336 | Full Service B&M | $362,543 |
| Community First Bank | 8131 W. Grandridge Blvd. Kennewick, WA 99336 | Full Service B&M | $5,867 |
For 2021, Community First Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,872 |
| Net interest income | $17,493 |
| Total noninterest income | $11,537 |
| Gross Fiduciary activities income | $6,473 |
| Service charges on deposit accounts | $277 |
| Trading account gains and fees | $37 |
| Additional Noninterest Income | $4,750 |
| Pre-tax net operating income | $7,513 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $7,513 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,513 |
| Minority interest net income | $0 |
| Net income | $7,513 |
| Sale, conversion, retirement of capital stock, net | $7,512 |
| Net operating income | $7,513 |
Community First Bank's gross interest income from loans was $17,872,000.
Community First Bank's net interest income from loans was $17,493,000.
Community First Bank's fee based income from loans was $277,000.
Community First Bank's net income from loans was $7,513,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $379 |
| Provision for credit losses | $1,037 |
| Total noninterest expense | $20,480 |
| Salaries and employee benefits | $13,773 |
| Premises and equipment expense | $1,607 |
| Additional noninterest expense | $5,100 |
| Applicable income taxes | $0 |
| Net charge-offs | $8 |
| Cash dividends | $625 |
Community First Bank's interest expense for loans was $379,000.
Community First Bank's payroll and benefits expense were $13,773,000.
Community First Bank's property, plant and equipment expenses $1,607,000.
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 | 0.0% |
| 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 | $537,872 |
| Deposits held in domestic offices | $537,872 |
| Deposits by Individuals, partnerships, and corporations | $533,850 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $4,023 |
| 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 | $330,093 |
| Demand deposits | $201,640 |
| Nontransaction accounts | $207,780 |
| Money market deposit accounts (MMDAs) | $176,808 |
| Other savings deposits (excluding MMDAs) | $24,829 |
| Total time deposits | $6,143 |
| Total time and savings deposits | $336,233 |
| Noninterest-bearing deposits | $201,640 |
| Interest-bearing deposits | $336,232 |
| Retail deposits | $536,861 |
| IRAs and Keogh plan accounts | $1,675 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $594,091 |
| Cash & Balances due from depository institutions | $40,549 |
| Interest-bearing balances | $37,348 |
| Total securities | $209,475 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $309,629 |
| Loan and leases loss allowance | $3,530 |
| Trading account assets | $10,015 |
| Bank premises and fixed assets | $9,088 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,050 |
| All other assets | $12,285 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $594,091 |
| Total Liabilities | $538,896 |
| Total deposits | $537,872 |
| Interest-bearing deposits | $336,232 |
| Deposits held in domestic offices | $537,872 |
| % insured (estimated) | $53 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $300 |
| Subordinated debt | $0 |
| All other liabilities | $724 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $309,629 |
| Loan and leases loss allowance | $3,530 |
| Total loans and leases (domestic) | $313,159 |
| All real estate loans | $250,919 |
| Real estate loans in domestic offices | $250,919 |
| Construction and development loans | $32,744 |
| Residential 1-4 family construction | $7,063 |
| Other construction, all land development and other land | $25,681 |
| Loans secured by nonfarm nonresidential properties | $140,758 |
| Nonfarm nonresidential secured by owner-occupied properties | $75,578 |
| Commercial real estate & other non-farm, non-residential | $65,180 |
| Multifamily residential real estate | $4,684 |
| 1-4 family residential loans | $64,250 |
| Farmland loans | $8,483 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,535 |
| Commercial and industrial loans | $37,672 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $20,826 |
| Credit card loans | $0 |
| Related Plans | $451 |
| Consumer Auto Loans | $1,129 |
| Other loans to individuals | $19,246 |
| All other loans & leases | $207 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $207 |
| 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 $309,629,000 of loans outstanding in 2021. $250,919,000 of loans were in real estate loans. $32,744,000 of loans were in development loans. $4,684,000 of loans were in multifamily mortgage loans. $64,250,000 of loans were in 1-4 family mortgage loans. $3,535,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,129,000 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 | 141 | $39,568 | $280,624 |
| Nonfarm, nonresidential loans - <$100k | 11 | $465 | $42,273 |
| Nonfarm, nonresidential loans - $100-250k | 39 | $4,249 | $108,949 |
| Nonfarm, nonresidential loans - $250k-1MM | 91 | $34,854 | $383,011 |
| Commercial & Industrial, US addressed loans - <$1MM | 314 | $25,290 | $80,541 |
| Commercial & Industrial, US addressed loans - <$100k | 216 | $5,858 | $27,120 |
| Commercial & Industrial, US addressed loans - $100-250k | 60 | $5,974 | $99,567 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 38 | $13,458 | $354,158 |
| Farmland loans - <$1MM | 17 | $1,619 | $95,235 |
| Farmland loans - <$100k | 3 | $114 | $38,000 |
| Farmland loans - $100-250k | 11 | $1,035 | $94,091 |
| Farmland loans - $250k-1MM | 3 | $470 | $156,667 |
| Agriculture operations loans - <$1MM | 25 | $2,081 | $83,240 |
| Agriculture operations loans - <$100k | 12 | $90 | $7,500 |
| Agriculture operations loans - $100-250k | 4 | $163 | $40,750 |
| Agriculture operations loans - $250k-1MM | 9 | $1,828 | $203,111 |