City First Bank, N.A.
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Data as of · sourced from FFIEC call reports. How we update
City First Bank, N.A. is an FDIC-insured commercial bank headquartered in Washington, DC, established in 1998 (FDIC certificate 34352), and it is supervised by the OCC. At Q2 2026 it reported total assets of $1.56B, up 25.4% from Q2 2025, the largest of 4 banks headquartered in District of Columbia. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.20% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 34352
- Headquarters
- Washington, DC
- Established
- 1998
- Total assets, Q2 2026
- $1.56B
- Assets vs Q2 2025
- +25.4%
- Tier 1 leverage ratio, Q2 2026
- 13.20%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 054001686
- Latest call report
- Q2 2026, FFIEC 041 · City First Bank, N.A. call report
- Holding company
- BROADWAY FINANCIAL CORPORATION
- Asset rank in state
- 1st of 4 in District of Columbia
Problem loans are rising at City First Bank, N.A.. Its balance sheet stood at $1.6 billion at June 30, 2026, up 25.4% from a year earlier; it is based in Washington, the District of Columbia. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.98% of loans from 0.45% a year earlier. It earns about $0.30 a year on every $100 of assets, a small fraction of the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also keeps 2.66 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.71 cents).
Net income for the quarter rose 22% from a year earlier, to $1.1 million. Over the same year, loans grew 15.2% and deposits grew 35.9%. Concentration is the risk to watch: it holds commercial real estate loans worth 4.4 times its capital, about double the median of 2.2 times for banks its size.
As of June 30, 2026, City First Bank, N.A. reported a return on assets of 0.30%, a nonperforming-loan ratio of 0.98% and a Texas ratio of 5.64%. The figures come from its call report filed with the FFIEC.
Between Q1 2026 and Q2 2026, its total assets rose 9.6% to $1.56B, loans rose 6.4% and deposits rose 3.5%. Its loan book on June 30, 2026 was led by multifamily loans, at 50.3% of total loans, followed by commercial and industrial loans at 23.4%. Its 3 offices in the FDIC Summary of Deposits are in Washington, DC, Inglewood, CA and Los Angeles, CA; its Washington office books 79% of its branch deposits. By the capital ratios in its Q2 2026 call report, City First Bank, N.A. meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1432 U St Nw, Washington, DC 20009
- County
- District Of Columbia
- Metro Area
- Washington-Arlington-Alexandria, DC-Va-MD-WV
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- November 24, 1998
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 99
- Domestic deposits
- $1.18B
- Allowance for credit losses
- $10.8M
- Net charge-offs (YTD)
- $327K
- Average total assets
- $1.48B
- Average total loans
- $1.08B
- Average interest-bearing deposits
- $1.08B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 24, 1998
- FDIC Cert
- 34352
- Fed RSSD
- 2697963
- SEC CIK
- 1001171 → filed by BROADWAY FINANCIAL CORPORATION
- Website
- www.cityfirstbank.com →
- Parent Holding Company
- BROADWAY FINANCIAL CORPORATION (RSSD 3260841) · BYFC
- Ultimate Parent
- CITY FIRST ENTERPRISES, INC. (RSSD 2697954)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Brian E Argrett | CEO | President/CEO |
| Zack Ibrahim | CFO | EVP/Chief Financial Officer |
| Ruth Mccloud | COO | EVP/COO |
| Washington Lashanya Demetrice | CCO | EVP, Chief Credit Officer |
| Sur Elizabeth Farrelly | CRO | EVP, Chief Risk Officer |
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, City First Bank, N.A. reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, City First Bank, N.A.'s total assets ranged from $1.24B (Q3 2023) to $1.56B (Q2 2026), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.56B total assets against $1.25B; $1.37B total liabilities against $1.04B.
$1.13B net loans and leases against $977.1M; $1.18B total deposits against $870.1M.
$327.0M securities against $178.0M; $48.9M cash and balances due against $29.5M.
$17.8M total interest income against $14.4M; $8.3M total interest expense against $6.7M.
$9.5M net interest income against $7.7M.
$951K total noninterest income against $356K; $7.3M total noninterest expense against $7.3M.
$1.5M provision for credit losses against -$454K.
$1.1M net income against $916K.
0.30% return on assets against 0.29%; 2.66% net interest margin against 2.54%.
13.20% tier 1 leverage ratio against 15.34%.
Inside the full City First Bank, N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
City First Bank, N.A. rankings
Its closest position to the top of a national ranking is 129 of 980, for uninsured deposits; its furthest is 3,399 of 3,611, for ROA.
Metric pages for City First Bank, N.A.: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -7.28% (Q3 2025) to 0.39% (Q4 2024) and its net interest margin ran from 2.31% (Q4 2024) to 2.72% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.20% | 0.30% | 0.98% | 5.64% | 2.66% |
| Q1 2026 | 14.06% | 0.36% | 1.07% | 5.85% | 2.72% |
| Q4 2025 | 14.09% | 0.35% | 1.09% | 5.72% | 2.64% |
| Q3 2025 | 14.56% | -7.28% | 1.32% | 6.98% | 2.72% |
| Q2 2025 | 15.34% | 0.29% | 0.45% | 2.34% | 2.54% |
| Q1 2025 | 14.78% | -0.79% | 0.09% | 0.46% | 2.56% |
| Q4 2024 | 13.61% | 0.39% | 0.03% | 0.14% | 2.31% |
| Q3 2024 | 13.84% | 0.19% | 0.03% | 0.16% | 2.50% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| City First Bank, N.A. (main office) | Washington , DC | 20009 | $939.2M |
| 170 North Market Street Branch | Inglewood , CA | 90301 | $140.8M |
| South Figueroa Street Branch | Los Angeles , CA | 90037 | $102.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 1, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2021 | Structure Change | Acquired Broadway Federal Bank, f.s.b. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- February 6, 2006, OCC: Formal Agreement: City First Bank of D.C., National Association
- Period: Most recent institution action February 6, 2006. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.7% of deposits in DC, rank 14 of 30 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1 applications, 1 loans originated, $2.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $600K approved, $300K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about City First Bank, N.A.
What are City First Bank, N.A.'s total assets?
As of the Q2 2026 filing, City First Bank, N.A. reported total assets of $1.56 billion in its FFIEC call report.
Where is City First Bank, N.A. headquartered?
It is headquartered in Washington, DC, United States.
When was City First Bank, N.A. founded?
It was established in 1998, per the FDIC institution directory.
Is City First Bank, N.A. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34352). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates City First Bank, N.A.?
City First Bank, N.A.'s primary federal regulator is the OCC.
How many branches does City First Bank, N.A. operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is City First Bank, N.A.'s Texas Ratio?
Its Texas Ratio is 5.64% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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