Movers and shakers

Community 1st Bank reports record first quarter

Community 1st Bank reported net income of $259,906 or $0.23 per share for the first quarter of 2018, compared to $0.11 from the same period in the prior year, which is a 115.1 percent increase in net income.

Total assets at March 31, 2018 were $129.4 million, an increase of $15.1 million or 13.17 percent from March 31, 2017. This increase in assets was driven by a $11.4 million or 17.71 percent increase in loans, which totaled $76.1 million; up from $64.7 million as of March 31, 2017.

The bank continues to manage funding costs by growing deposits which were $115.3 million at March 31, 2018, an increase of $13.4 million or 13.19 percent from the prior year. The bank reports continuing exceptional credit quality with no non-performing assets or loans. Tangible book value per share increased $0.69 to $11.43 as of period end, compared to $10.74 as of March 31, 2017.

“2018 has started off strong with continued organic growth throughout our community footprint. We have stuck to our founding principles of ‘Doing the Right Thing’ and taking great care of our customers in this competitive market,” said David Bobbitt, chairman and CEO for the bank.

Bobbitt said this effort is strongly reflected in the bank’s eight consecutive years of receiving five-star ratings by Bauer Financial, an independent, nationally recognized bank rating agency.

“Our Sherman location is now open, effective March 31, 2018, as a full service branch and contributes to earnings while absorbing the continued expansion expense,” Bobbitt said. “Our commitment to the community has continued to be strong through our employees’ contributions to our community through volunteerism as reflected in the total of 462 hours of community service from our employees during the first quarter of 2018,”

Community 1st Bank is a state-chartered commercial bank with branches in Post Falls and Coeur d’Alene, including the new office in downtown Coeur d’Alene.

Whaley at Premier Mortgage Resources

Karen Whaley is now at Premier Mortgage Resources. Whaley has 25 years of experience working in the financial industry as a personal banker and branch manager AVP. She has gained extensive knowledge in all types of lending. Premier Mortgage Resources offers a wide variety of loan programs, including their exclusive FasTrac Mortgage. Contact Whaley at 208-641-7784 (cell) or 208-618-8029 (work) or by email at [email protected]. For info, visit www.pmrloans.com/kwhaley

Kapton joins Windermere

Windermere Coeur d’Alene Realty announced the addition of sales associate Mandy Kapton to its Hayden office.

Previously, Kapton worked with Heaven Hill as a sales and marketing representative for eastern Washington and holds a degree in health science.

Windermere Coeur d’Alene Realty has three offices, with locations in Coeur d’Alene, Post Falls, and Hayden, and 140 agents and full-time staff. Windermere Coeur d’Alene Realty specializes in residential, new construction, commercial real estate, and relocation.

Longnecker joins Keller Williams

Keller Williams Coeur d’Alene Realty announced the addition of sales associate Sue Longnecker. Longnecker spent 20 years in retail management prior to joining the real estate industry.

Keller Williams Realty Coeur d’Alene specializes in residential, luxury, waterfront and commercial properties throughout the Inland Northwest. The company has more than 200 associates with offices in Coeur d’Alene and Sandpoint. Each Keller Williams Realty Co. is independently owned and operated.

Contact Longnecker at 208-695-5075 or by email at [email protected].

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If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. Items run Tuesday through Saturday. To get the word on the street about your movers and shakers, email City Editor Maureen Dolan at [email protected].