Community 1st Bank announced earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the bank reported net loss of $498,000, which includes $615,000 in provision for loan losses, compared to a net loss of $176,000, of which $163,000 represented provision for loan losses for the same period in 2008. This represents an increase in net loss of $322,000, or 183.0%, while provision for loan losses increased by $452,000, or 277.3% compared to the third quarter of 2008. Interest income increased by $393,000, or 27.9%, to total $1.8 million compared to the same period in 2008. Net interest income increased by $453,000 compared to the same period in 2008. The increase in net interest income was more than offset by increased provision for loan losses resulting in an increased net loss for the quarter compared to the same period in 2008. The Bank reported a net loss for the nine months of $227,000 compared to a net loss of $615,000. This represents an improvement in net loss of $388,000, or 63.1%, while provision for loan losses increased by $605,000, or 129.3%.

Community 1st Bank reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported a net loss of $53,000, which includes $405,000 in provision for loan losses, $75 000 in Federal Deposit Insurance Corporation's special second quarter assessment on banks with insured deposits and a gain on sale of securities of $371,000, compared to a net loss of $260,000, of which $205,000 represented provision for loan losses for the same period in 2008. This represents a decrease in net loss of $207,000 or 79.6%, while provision for loan losses increased by $200,000 or 97.6% compared to the second quarter of 2008. Interest income increased by $367,000 or 27.3%, to total $1.7 million compared to the same period in 2008. Net interest income increased by $468,000 for the second quarter of 2009 compared to the same period in 2008. For the six months ended June 30, 2009, the bank reported a net income of $271,000, which included $458,000 of provision for loan losses, gain on sale of securities of $371,000 and a gain on sale of property in the first quarter compared to a net loss of $439,000, of which $305,000 represented provision for loan losses for the same period in 2008. This represents an improvement in net income of $710,000, or 161.7%, while provision for loan losses increased by $153,000, or 50.2%.

Lori Bluett has been appointed to the Board of Directors of Community 1st Bank. Bluett was a Founder and Director of Community 1st Bank until March 2007. Lori is highly respected and active in the community, and an astute business person. She will be a valuable addition to the Board. Lori Bluett, resident of Granite Bay, California, is the owner of Bluett & Associates Inc. and is the CEO of Juno Commercial Real Estate Inc., as well as a consulting Executive Director of Panattoni Development Inc. Lori has extensive background in the management, leasing, asset management, controls and risk management of commercial properties.