Community First Bancshares, Inc. (CFBI) financial statements (2022 and earlier)

Company profile

Business Address 3175 HIGHWAY 278
COVINGTON, GA 30014
State of Incorp.
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,11740,79635,943
Cash and cash equivalents48,11740,79635,943
Total current assets:48,11740,79635,943
Noncurrent Assets
Property, plant and equipment8,5139,0408,454
Total noncurrent assets:8,5139,0408,454
Other undisclosed assets262,664256,148233,418
TOTAL ASSETS:319,294305,984277,815
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities242,127229,601201,019
Total liabilities:242,127229,601201,019
Stockholders' equity
Stockholders' equity attributable to parent77,16776,38376,796
Common stock777575
Treasury stock, value(1,268)(248) 
Additional paid in capital33,35833,07533,055
Accumulated other comprehensive income (loss)9(695)57
Retained earnings47,56246,89546,446
Unearned esop shares(2,571)(2,719)(2,837)
Total stockholders' equity:77,16776,38376,796
TOTAL LIABILITIES AND EQUITY:319,294305,984277,815

Income statement (P&L) ($ in thousands)

12/31/2019
9/30/2018
9/30/2017
Revenues14,78813,71912,942
Net investment income14,64113,71912,200
Cost of revenue
(Financial Services Costs)
 (500) 
Gross profit:14,78813,21912,942
Operating expenses(4,767)(10,450)(8,358)
Other operating income, net
(Noninterest Income, Other Operating Income)
511595516
Operating income:10,5323,3645,100
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
2111(32)
Interest and debt expense(2,312)(1,556)(1,083)
Income from continuing operations before equity method investments, income taxes:8,2411,8193,985
Other undisclosed loss from continuing operations before income taxes(7,915)(165)(1,914)
Income from continuing operations before income taxes:3261,6542,071
Income tax expense (benefit)29(1,205)(706)
Net income available to common stockholders, diluted:3554491,365

Comprehensive Income ($ in thousands)

12/31/2019
9/30/2018
9/30/2017
Net income:3554491,365
Other comprehensive income (loss)450(752)57
Comprehensive income (loss), net of tax, attributable to parent:805(303)1,422

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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