8-K

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 24, 2006


                               SERVICE 1ST BANCORP
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



         CALIFORNIA                 000-50323               32-0061893
- ----------------------------      -------------        ----------------------
(State or other jurisdiction      (File Number)          (I.R.S. Employer
      of incorporation)                                identification number)


                   49 W. 10th Street, Tracy, California 95376
              -----------------------------------------------------
              (Address of principal executive offices and zip code)


                                 (209) 956-7800
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13c-4(c))

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Item 2.02.   Results of Operations and Financial Condition.
             ----------------------------------------------

             On March 24, 2006, Registrant issued a press release announcing
             earnings for the year ending December 31, 2005. Total assets as of
             December 31, 2005 were $169,329,270 compared to $137,172,635 at
             December 31, 2004. This represents an increase of 23.44% from the
             same period in 2004.

             The foregoing is qualified by reference to the press release
             attached as Exhibit 99.1.


Item 9.01.   Financial Statements and Exhibits
             ---------------------------------

             a.   Financial Statements
                  --------------------

                  Not Applicable.

             b.   Pro Forma Financial Information
                  -------------------------------

                  Not Applicable.

             c.   Exhibits
                  --------

                  (99.1) Press Release dated March 24, 2006


                                  Page 2 of 6


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


March 24, 2006

Service 1st Bancorp


By:  /s/ ROBERT BLOCH
     ----------------------------
     Chief Financial Officer



                                  Page 3 of 6


                                  EXHIBIT INDEX


                                                                    Sequential
Exhibit Number        Description                                   Page Number
- --------------        -----------                                   -----------
    99.1              Press Release dated March 24, 2006                5-6




                                  Page 4 of 6

EX-99.1

                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE - March 24, 2006
- --------------------------------------
Tracy, California

Service 1st Bancorp Announces Record 2005 Results

March 24, 2006

Service 1st Bancorp (the "Company", OTCBB: SVCF), parent company for Service 1st
Bank, today announced results for the year ended December 31, 2005. Income,
before taxes, increased at year-end 2005 to $1,567,615 compared to $1,163,978 at
year-end 2004. This represents an increase of $403,637 or 34.69% over year-end
2004. The tax expense for 2005 was $144,996 versus a tax credit of $250,000 for
2004. This represented a net change of $394,996 reflecting an after tax net
income of $1,422,619 for 2005 and $1,413,978 for 2004. Fully diluted earnings
per share were $.56 for 2005 versus $.81 for 2004.

The return on average assets before income tax expense was .99% for 2005. After
the provision for income tax expense the return on average assets for 2005 was
..90%. The return on average equity before income tax expense was 10.38% for
2005, and 9.24% after tax expense.

Total assets for 2005 increased 23.44% to $169,329,270 compared to $137,172,635
for 2004. Total net loans increased 20.80% to $82,533,132 for 2005 versus
$68,322,348 for 2004. Total deposits for 2005 increased 23.78% to $151,141,667
compared to $122,108,582 for 2004.

"This past year was very satisfactory in that we increased pretax earnings
approximately 35% and total assets more than 23% for a gain in assets of
$32,156,635" said John Brooks, Chairman and CEO of the Company. "We continue to
expand our influence and customer base. Service 1st Bank is now expanding branch
locations by moving into the Lodi market. A temporary office is now open at 1930
Tienda Drive, Building B, Suite 104 with the permanent full-service office
scheduled for early summer of 2006. We are very excited about the potential in
Lodi as we have several shareholders and customers from the Lodi marketplace"
said Mr. Brooks.

Service 1st Bank, the Company's subsidiary, was founded November 10, 1999 and
has completed its sixth year of operations. Service 1st Bank has full service
offices in Stockton and Tracy with the aforementioned Lodi office scheduled to
open as the third full-service office in 2006.

On behalf of the board, management and staff of Service 1st Bancorp we thank our
shareholders and customers for their ongoing support during the past six years.


                                  Page 5 of 6


Any inquiries may be directed to: John Brooks at (209) 820-7953/
jbrooks@service1stbank.com, Robert Bloch at (209) 820-7923/
rbloch@service1stbank.com or Bryan Hyzdu at (209) 993-2202/
bhyzdu@service1stbank.com.


                           Forward Looking Statements

Certain statements contained herein are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 that involve risks and uncertainties. Actual
results may differ materially from the results in these forward-looking
statements. Factors that might cause such a difference include, among other
matters, changes in interest rates, economic conditions, governmental regulation
and legislation, credit quality, and competition affecting the Company's
businesses generally; the risk of natural disasters and future catastrophic
events including terrorist related incidents; and other factors discussed in the
Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, and
in reports filed on Form 10-QSB and Form 8-K. The Company does not undertake any
obligation to publicly update or revise any of these forward-looking statements,
whether to reflect new information, future events or otherwise.



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