Market Overview

Community 1st Bank Earns a Record $259,906 in First Quarter 2018 or $0.23 Per Share


Community 1st Bank (OTC:CMYF) reported net income of
$259,906 or $0.23 per share for the first quarter of 2018 compared to
$0.11 from the same period in the prior year, which is a 115.1% increase
in net income. Total assets at March 31, 2018 were $129.4 million, an
increase of $15.1 million or 13.17% from March 31, 2017. This increase
in assets was driven by a $11.4 million or 17.71% increase in loans,
which totaled $76.1 million, up from $64.7 million as of March 31, 2017.
The bank continues to manage funding costs by growing deposits which
were $115.3 million at March 31, 2018 an increase of $13.4 million or
13.19% from the prior year. We continue to have exceptional credit
quality with no non-performing assets or loans. Tangible book value per
share increased $0.69 to $11.43 as of period end compared to $10.74 as
of March 31, 2017.

"2018 has started off strong with continued organic growth throughout
our community footprint! We have stuck to our founding principles of
‘Doing the Right Thing' and taking great care of our customers in this
competitive market. This effort is strongly reflected by our 8
consecutive years of being '5‘ STAR rated by Bauer Financial, an
independent, nationally recognized, bank rating agency. Our Sherman
location is now open, effective March 31, 2018, as a full service branch
and contributes to earnings while absorbing the continued expansion
expense. Our commitment to the community has continued to be strong
through our employees' contributions to our community through
volunteerism as reflected in the total of 462 hours of community service
from our employees during the first quarter of 2018," said Dave Bobbitt,
Chairman and CEO for the bank.

First Quarter Highlights:

Book value per share was $11.43, an increase of $0.18 from the prior

• Deposits grew to $115.3 million, an increase of 5.09% from $109.7
million as of December 31, 2017.

• Return on equity for the first quarter increased to 7.96% from 7.50%
from the fourth quarter 2017.

• Allowance for loan losses was 1.43% of loans, up from 1.36% as of the
end of the prior quarter.

• Capital ratios continue to exceed regulatory requirements, Tier 1
leverage ratio was 10.42%.

• For 30 consecutive quarters, Community 1st Bank was awarded
a 5-star rating, the highest available, from independent banking rating
agency BauerFinancial.

Community 1st 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.

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