Community 1st Bank Demonstrates Strong Momentum with First Quarter Earnings

POST FALLS, Idaho--(BUSINESS WIRE)--

Community 1^st Bank (OTC Pink: CMYF) reported pretax net income for the first quarter of 2015 of $158,864 or $0.15 per share, a 122.8% increase, as compared to $71,290 or $0.07 per share for the first quarter of 2014. Total assets at March 31, 2015 were $94.1 million, a slight increase from $94.0 million at December 31, 2014.

"We expect 2015 to be another outstanding year for our bank and our pretax earnings for the first quarter at $158,864 have laid the foundation for that effort. We have been, and will continue to be, focused on serving the banking needs of the people of Kootenai County in the very best way possible. We continue to represent increasingly strong gains in loans and deposits and we are particularly pleased with the progressive gain in market share that we have enjoyed as a result of our consistent performance. Having no non-performing assets has further enhanced earnings," said David Bobbitt, Chief Executive Officer and Chairman of the Board.

Total loans for the current quarter increased 1.0% to $58.7 million with total deposits remaining relatively unchanged at $82.9 million. For the year, total loans at $58.7 million reflect growth of 6.6% over the prior year. There are no non-performing assets for the period, representing a decrease from 0.15% as of March 31, 2014. "Our consistent loan growth is indicative of our determination to serve our customers with timely credit decisions, right here in Kootenai County," said Jerry Lyon, President, COO and Chief Credit Officer.

Q1 2015 Highlights:

Pretax Net income of $158,864 or $0.15 per share, compared to $71,290 or $0.07 per share for first quarter in 2014.

• Total assets grew 7.7% to $94.0 million as compared to $87.3 million a year ago.
• Noninterest bearing demand deposits increased 27.4% to $18.9 million, as compared to $14.9 million a year earlier.
• Total loans grew 6.6% to $58.7 million and total deposits grew 7.7% to $82.9 million as compared to a year ago.
• Tangible book value per share increased to $10.17 from $9.47 in the prior year.
• Pretax Return on equity increased to 5.98% from 2.88% a year ago.
• Pretax Return on assets increased to 0.49% from 0.25% a year ago.
• There were no Nonperforming assets, down from 0.15% in the year-earlier period.
• Capital ratios continue to exceed regulatory requirements, with total risk-based capital substantially above well-capitalized regulatory requirements.
• For 18 consecutive quarters, Community 1^st Bank was awarded a 5-star rating, the highest available, from independent banking rating agency BauerFinancial.

Community 1^st Bank remains focused on growing the bank in a safe and compliant manner while providing great service to our customers, supporting the growth of our employees and providing a good return to our shareholders.

www.com1stbankid.com or call (208) 635-7171 Coeur d'Alene or (208) 457-9610 Post Falls