Bank discloses third quarter financials

Total assets are growing at a bank that was formed by Oconee investors in the late 20th century.  Community First Bancorporation, parent company of Community First Bank, Walhalla, is reporting total assets at $420 million and earnings year-to-date of $1 million.  The earnings declined “primarily,” according to the announcement, “due to expenses associated with the Company’s growth strategy not experienced in 2018 and increased income tax expense.”  Community First expanded its footprint with a full service branch in Greenville and formed a new mortgage banking subsidiary.  By September 30, outstanding Community First loans totaled $311 million.  Community First Bank maintains locations in Seneca–including two in Seneca and Anderson and single locations in Walhalla, Westminster, Williamston, and Anderson.