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Community First Bank Review

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Community First Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Community First Bank first started operating in 1999 and its headquarters are located in New Iberia, Louisiana. Community First Bank manages assets of $351 million along with $315 million in deposits, making it a small bank. Community First Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 3.9 stars out of 5, Community First Bank should be near the middle of the pack in your search for a bank. Community First Bank has multiple banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Community First Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Community First Bank's most basic checking does not have a monthly maintenance fee. Using a bank with no-fee checking, in addition to a high savings APY is your best bet for getting the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.15%, Community First Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.50% and the five-year CD earns at a rate of 1.76%, while its highest-yielding money market account has a rate of 0.15%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How Community First Bank's Savings Rates Compare

Community First Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Community First Bank charges its customers extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Community First Bank refunds their out-of-network ATM charges (with conditions), making withdrawing money a free and simple process.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Community First Bank is a brick-and-mortar bank, with eight total branches in Louisiana. With mobile and web apps, Community First Bank makes mobile banking convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. PT; Friday, and 8:00 a.m. to 6:00 p.m. PT. You can use Community First Bank's mobile app to manage your bank accounts by looking at monthly statements, transferring money and reaching support representatives. Community First Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Community First Bank ranks as a small bank and handles assets totaling $351 million and deposits totaling $315 million. It has an excellent Texas Ratio of 4.66%, indicating a negligible likelihood of failure. Additionally, Community First Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Community First Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $200
Checking Account 0.15% APY $1500
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.51% APY
  • 48 Month: 1.51% APY
  • 60 Month: 1.76% APY
$1000 for all terms
Money Market Account 0.15% APY $2500

Community First Bank offers several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Community First Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Community First Bank's CD rates are fair compared to other U.S. banks.

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Find a Community First Bank Near Me

Community First Bank has eight branches in the U.S.

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