Idaho First Bank reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net interest income of $596,000 and net loss of $383,000 against net interest income of $477,000 and net loss of $327,000 for the same period a year ago. For the quarter, the company reported net interest income of $1,152,000 and net loss of $778,000 against net interest income of $897,000 and net loss of $1,055,000 for the same period a year ago.

Idaho First Bank reported earnings results for the first quarter ended March 31, 2009. For the period, the company reported net loss of $395,000 compared with a loss of $728,000 in the first quarter of 2008 and $603,000 in the fourth quarter of 2008. The first quarter 2009 loss is less than those earlier quarters because of a reduced provision for credit losses. Net interest margin continued to contract as a result of extremely low interest rates but now appears to be stabilizing. Net interest income was $556,000 against net interest income was $420,000 for the same period a year ago. Book value per share as of ended March 31, 2009 was $4.45 against book value per share as of ended March 31, 2008 was $5.88 for the same period a year ago.

Idaho First Bank reported earnings results for the fourth quarter and year ended December 31, 2008. For the quarter, the company reported net loss of $603,000 on net interest income of $537,000, compared to net loss of $416,000 on net interest income of $393,000 for the same period last year. The net loss reported for 2008 was $2,007,000, compared to a loss of $1,447,000 in 2007. Net interest income was $1.9 million, compared to $1.4 million for the same period last year.