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Community First Bank: Community First Bancorporation Announces 2020 Financial Results

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

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