Community 1st Bank’s third quarter report reflects continued positive growth.

With branches in Post Falls and Coeur d’Alene, the state-chartered commercial bank reported pretax net income of $593,869 or $0.57 per share, compared to $373,418 or $0.36 per share for the nine months ending Sept. 30, 2015 and 2014. After-tax earnings per share were $0.39 and $0.47 for the same respective periods.

“As we suggested in our mid-year report, at the end of the third quarter 2015, our bank continues to represent upward trending momentum heading toward year end,” said David Bobbitt, chief executive officer and chairman of the board. “While we are very pleased with exceeding our benchmark numbers that see us reaching pre-tax earnings of $593,869 from strong loan growth and correspondingly robust increases in our core deposits at the end of the third quarter, we are equally pleased to proudly serve the community of Kootenai County, through the individual and collective investment and contribution of our teams at both our Post Falls and Coeur d’Alene offices.”

Through the company’s “Doing the Right Thing” initiative, Community 1st employees regularly volunteer in the community, serving an average 175 hours per month.

“It is this kind of focus on community service that most recently resulted in Community 1st Bank being named the 2015 Business of the Year by Kootenai County’s North Idaho Fair Board of Directors,” Bobbitt said.

Other third quarter highlights:

• The bank’s total assets grew 4.68 percent to $98.4 million as compared to $94.2 million a year ago.

• Non-interest bearing demand deposits increased 21.23 percent to $20.8 million, as compared to $17.2 million a year earlier.

• Total loans grew 13.42 percent to $64.8 million and total deposits grew 3.99 percent to $86.6 million as compared to a year ago.

• Tangible book value per share increased to $10.45 from $9.68 in the prior year.

• Pretax return on equity for the quarter increased to 8.71 percent from 5.90 percent a year ago.

• For the nine months ending Sept. 30, 2015, pretax return on equity was 7.35 percent up from 4.94 percent in the prior year. After tax ROE was 5.01 percent and 6.47 percent for the periods ending Sept. 30, 2015 and 2014, respectively.

• The net interest margin increased to 3.53 percent at Sept. 30, 2015 from 3.49 percent in the prior year.

• There were no non-performing assets, down from 0.20 percent in the year-earlier period.

• Allowance for loan losses was 1.74 percent of loans.

• Capital ratios continue to exceed regulatory requirements, with total risk-based capital substantially above well-capitalized regulatory requirements.

• For 20 consecutive quarters, Community 1st Bank was awarded a five-star rating, the highest available, from independent banking rating agency BauerFinancial.

Info: www.com1stbankid.com or (208) 635-7171 in Coeur d’Alene, (208) 457-9610 in Post Falls.