Community First Bancorporation Announces First Quarter 2021 Financial Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Community First Bank: Community First Bancorporation Announces 2020 Financial Results
SENECA, SC / ACCESSWIRE / February 25, 2021 / Community First Bancorporation, Inc. (OTC PINK:CFOK), parent company for Community First Bank, Inc. (the Bank ) and SeaTrust Mortgage Company ( STM ), announced its financial results for the year 2020. Highlights of the results include:
Total consolidated earnings were $1,801,000 for the year ended December 31, 2020, and $494,000 for the fourth quarter.
Net interest income grew by 12.9% in 2020 compared to 2019.
Noninterest income for 2020 included results for STM and increased 165.8% over the level reported in 2019.
Total assets as of December 31, 2020, were $543,988,000, an increase of 30.0% compared to total assets of $418,564,000 as of December 31, 2019.
As of December 31, 2020, total gross loans held for investment were $402,600,000, an increase of 25.0% compared to total gross loans held for investment of $322,012,000 on December 31, 201
Community First Bancorporation Announces 2020 Financial Results phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.