Movers and Shakers

Community 1st Bankearns five-star rating

Post Falls-based Community 1st Bank, which also has a branch in Coeur d'Alene, has received a five-star Superior rating from BauerFinancial, Inc., an independent bank rating agency.

The rating is based on Dec. 31, 2013, financial data. Community 1st Bank has earned and maintained the rating for the 14 consecutive quarters.

Five stars is Bauer's highest rating.

"While the national economy saw modest growth in 2013, through its strength and commitment, Community 1st Bank has been able to shine," said Karen L. Dorway, president of the rating firm. "By supporting and promoting their customers, employees of Community 1st Bank are making a positive difference right where they live."

The bank's non-interest income increased 30 percent to $296,000 in 2013, up from $228,000 in 2012. The bank finished 2013 with net income of $353,716, tripling the 2012 results of $116,374.

During 2013, loans increased $3.5 million or 7.3 percent. The bank finished 2013 with $75.7 million in total deposits compared to $64.2 million at the end of 2012, an increase of 17.8 percent.

"Community 1st Bank takes great pride in our achievements for 2013," said David Bobbitt, chairman and CEO.

Bauer collects quarterly data on banks and financial institutions and ranks them based on criteria centered on safety and soundness, including capital, asset quality and profitability. No institution can pay to be put on the list, nor can it choose to be excluded.

Community 1st, locally owned and operated, started in 2007.

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