Community 1st Bank Posts Record Earnings for 2014
Business Wire - Tue Feb 03, 1:41PM CST
Community 1st Bank (OTCQB:CMYF) reported net income for the fourth quarter of 2014 of $166,930 or $0.16 per share, a 39.2% increase, as compared to $119,903 or $0.11 per share for the fourth quarter of 2013. For the year, the bank reported earnings of $657,348, up from $353,716 in 2013, reflective of a year-over-year improvement of 86%. Likewise, total assets at December 31st, 2014 were $94.0 million, up from $85.9 million in 2013, representing an increase of 9.4%, over the prior year, contributing significantly to the record high performance of the bank.