Community 1st Bank Reports Results for 2007.

ROSEVILLE, Calif. -- Community 1st Bank (OTCBB:CFBN), with $69.7 million in assets, today reported results for the quarter and the year, ending December 31, 2007.

During 2007, total assets increased $16.5 million, or 31.0%, to $69.7 million at year end. Community 1st Bank ("the Bank") was successful in growing its loan portfolio, as loans increased $28.5 million, or 79.4%, and totaled $64.4 million at December 31, 2007. Total deposits increased $17.2 million, or 46.7%, to total $54.0 million at December 31, 2007.

The Bank reported a net loss for the fourth quarter, ending December 31, 2007, of $250,000, compared to $447,000 for the same period in 2006. This represents a decrease in net loss of $197,000, or 44.1%, compared to the fourth quarter of 2006. For the fourth quarter of 2007, the Bank recorded a provision for loan losses of $152,000, compared to $165,000 for the same period in 2006.

The Bank reported a net loss for the year, ending December 31, 2007, of $948,000 compared to $1.5 million for the year, ending December 31, 2006, a decrease of $551,000, an improvement of 36.8%. The Bank recorded a provision for loan losses of $415,000 for the year, ending December 31, 2007, compared to $450,000 for the year, ending December 31, 2006.

Mark A. Lund, President and Chief Executive Officer, commented, "We are pleased with our operating results, considering a slowing economy in the Bank's marketplace and continued pressure on margins. We continue to focus on expanding relationships in the communities we serve, supported by diverse product offerings and outstanding service."

Community 1st Bank is headquartered in Roseville, California and operates full service banking offices in both Roseville and Auburn. Community 1st Bank offers a wide range of business and consumer deposit products including remote deposit capture, health savings accounts, online banking, and cash management services. The Bank also offers a full complement of loan products, including commercial, consumer, and real estate loans. For more information about the Bank, visit the Bank's website at www.community1bank.com.

Forward-Looking Statements 

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.