Community 1st Bank Earns $128,272 in Second Quarter or $0.12 Per Share
BusinessWire - Tue Jul 26, 3:47PM CDT
Community 1st Bank (OTC Pink: CMYF) reported net income of $128,272 or $0.12 per share for the second quarter of 2016, which is comparable to the same period in the prior year. Year to date earnings were $299,876, which was an increase of 28.34% from the prior year. Total assets at June 30, 2016 were $108.7 million, an increase of $13.6 million or 14.33% from June 2015. This increase in assets was largely driven by a $7.0 million increase in noninterest bearing deposits, which has significantly reduced our total cost of funds from 46 bps as of June 30, 2015 to 33 bps as of June 30, 2016, which was a reduction of 13 bps.
Community 1st Bank Earns $172,000 in First Quarter, an Increase of 65% from the Prior Year
BusinessWire - Fri May 06, 4:50PM CDT
Community 1st Bank (OTC Pink: CMYF) reported net income of $171,604 or $0.16 per share for the first quarter of 2016, up from $104,213 or $0.10 per common share for the same period during 2015. Total assets at March 31, 2016 were $102.4 million, an increase of $8.3 million or 8.84% from March 2015. Total loans increased $3.1 million to $60.7 million and total deposits increased $7.7 million to $90.4 million. As of March 31, 2016 there were no non-performing assets.
Community 1st Bank Demonstrates Strong Momentum with 2015 Fourth Quarter Earnings
BusinessWire - Tue Feb 02, 5:40PM CST
Community 1st Bank (OTC Pink: CMYF) reported net income of $577,475 for the year ending December 31, 2015, compared to $657,348 for the same period in the prior year. Pretax net income increased $346,929 in 2015 to $848,277 up from $501,348 in the prior year. Total assets at December 31, 2015 were $97.1 million, an increase of $3.1 million or 3.33% from the prior year end. Total loans increased $6.8 million to $64.9 million and total deposits increased $2.5 million to $85.4 million. There were no non-performing assets for the period, representing a decrease from 0.20% from the prior year.
Community 1st Bank's Third Quarter of 2015 Reflects Continued Positive Growth
BusinessWire - Wed Nov 04, 4:14PM CST
Community 1st Bank (OTC Pink:CMYF) reported pretax net income of $593,869, compared to $373,418 in the prior year. Net income after taxes was $405,318 for the nine months ending September 30, 2015, compared to $490,418 for the same period in the prior year. The change in after tax earnings is due to a $259,000 net tax effect which is the cumulative effect of income tax expense of $155,000 recognized during 2015 year to date, as opposed to income tax benefit of $104,000 for the same period in the prior year. Total assets at September 30, 2015 were $98.4 million, an increase of $4.4 million or 4.68% from the prior year end. For the first nine months of 2015 total loans increased to $6.7 million and total deposits increased $3.7 million to $86.6 million. There are no non-performing assets for the period, representing a decrease from 0.20% as of September 30, 2015.
Community 1st Bank Demonstrates Strong Momentum with Second Quarter Earnings
BusinessWire - Wed Jul 29, 2:16PM CDT
Community 1st Bank (OTCPink: CMYF) reported pretax net income of $356,045 for the first half of 2015, compared to $300,051 for the same period in the prior year. Total assets at June 30, 2015 were $95.1 million, an increase of $6.7 million or 7.83% from the prior year. For the first six months of 2015, total loans increased to $62.5 million and total deposits increased slightly to $84.3 million. There are no non-performing assets for the period, representing a decrease from 0.26% as of June 30, 2014.
Community 1st Bank Demonstrates Strong Momentum with First Quarter Earnings
BusinessWire - Mon May 11, 3:22PM CDT
Community 1st Bank (OTC Pink: CMYF) reported pretax net income for the first quarter of 2015 of $158,864 or $0.15 per share, a 122.8% increase, as compared to $71,290 or $0.07 per share for the first quarter of 2014. Total assets at March 31, 2015 were $94.1 million, a slight increase from $94.0 million at December 31, 2014.