Community 1st Bank Demonstrates Strong Momentum with 2015 Fourth Quarter Earnings

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

Community 1^st Bank (OTC Pink: CMYF) reported net income of $577,475 for the year ending December 31, 2015, compared to $657,348 for the same period in the prior year. Pretax net income increased $346,929 in 2015 to $848,277 up from $501,348 in the prior year. Total assets at December 31, 2015 were $97.1 million, an increase of $3.1 million or 3.33% from the prior year end. Total loans increased $6.8 million to $64.9 million and total deposits increased $2.5 million to $85.4 million. There were no non-performing assets for the period, representing a decrease from 0.20% from the prior year.

"We are very pleased to share the successful results of our strategic focus for 2015! As presented in our quarterly communications throughout the year, we have achieved many of the significant milestones that form the basis of our financial plan toward continuing to build a local bank that increasingly serves Kootenai County's growing needs. This on-going, community centered, commitment is strongly evidenced by our pre-tax earnings of $848,277, at year end, representing an increase of 69.2% over the prior year. Further, we have seen our loan production efforts result in an 11.7% growth, year over year, complimented by the fact that we have no non-performing assets at year end!" said David Bobbitt, Chief Executive Officer and Chairman of the Board.

"As we look expectantly forward to 2016, we remain well positioned to extend and expand our outreach and we want to thank all of our friends and neighbors in Kootenai County for allowing us the opportunity to serve them in both their personal and business needs. We certainly appreciate and value the support we have enjoyed in this place we call our home. Likewise, we continue to emphasize our contribution of time, energy, and expertise, where our teams have dedicated over 2160 hours of local volunteer time, toward confidently serving our communities in the best possible way," said Bobbitt.

2015 Highlights:

Pretax Net income of $848,277 or $0.81 per share, compared to $501,348 or $0.48 per share as of December 31, 2014. After tax earnings per share were $0.55 and $0.63 for the same respective periods.

• Total assets grew 3.1% to $97.1 million as compared to $93.9 million a year ago.

• Tangible book value per share increased to $10.60 from $10.04 as of the prior year end.

• Pretax return on equity for the quarter increased to 9.17% from 4.89% a year ago.

• For the year ending December 31, 2015, pretax return on equity (ROE) was 7.82% up from 4.92% in the prior year. After tax ROE was 5.33% and 6.46% for the years ending December 31, 2015 and 2014, respectively.

• The net interest margin increased to 3.72% year to date from 3.48% in the prior year.

• There were no nonperforming assets, down from 0.20% at December 31, 2014.

• Allowance for loan losses was 1.74% of loans.

• Capital ratios continue to exceed regulatory requirements, with total risk-based capital substantially above well-capitalized regulatory requirements.

• For 21 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

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