-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QshjAQkHBxTXvz7MOL3L5pUOJ89G+dSIg93j8TtORhU5dB4SARD/CxZZnAsNla7l CkAvdvSUUJD/KgNmN9WWNA== 0001019056-07-001170.txt : 20071115 0001019056-07-001170.hdr.sgml : 20071115 20071114183644 ACCESSION NUMBER: 0001019056-07-001170 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071114 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071115 DATE AS OF CHANGE: 20071114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SERVICE 1ST BANCORP CENTRAL INDEX KEY: 0001225078 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 320061893 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50323 FILM NUMBER: 071247167 BUSINESS ADDRESS: STREET 1: 2800 W MARCH LANE SUITE 120 CITY: STOCKTON STATE: CA ZIP: 95219 BUSINESS PHONE: 2099567800 MAIL ADDRESS: STREET 1: 2800 W MARCH LANE SUITE 120 CITY: STOCKTON STATE: CA ZIP: 95219 8-K 1 service_8k.txt FORM 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): November 14, 2007 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 West 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)) Item 2.02. Results of Operations and Financial Condition. --------------------------------------------- Service 1st Bancorp, parent holding company for Service 1st Bank and Charter Services Group, Inc., reported that net income for the three months ending September 30, 2007 was $284,102 or a 71.52% increase compared to net income of $165,635 for the same quarter of 2006. However, the net income decreased for first nine months of 2007 to $580,736 compared to $605,642 for the same nine months in 2006. The foregoing summary results are qualified by reference to the press release attached as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits --------------------------------- a. Financial Statements -------------------- None. b. Pro Forma Financial Information ------------------------------- None. c. Exhibits -------- (99.1) Press Release dated November 14, 2007 2 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. November 14, 2007 Service 1st Bancorp By: /s/ Robert E. Bloch --------------------------- Executive Vice President and Chief Financial Officer 3 EXHIBIT INDEX Sequential Exhibit Number Description Page Number - -------------- ----------- ----------- 99.1 Press Release dated November 14, 2007 5-6 4 EX-99.1 2 ex99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE - NOVEMBER 14, 2007 Tracy, California Service 1st Bancorp Announces Third Quarter Results Service 1st Bancorp (the "Company", OTCBB:SVCF), parent holding company for Service 1st Bank and Charter Services Group, Inc., announced third quarter 2007 financial results. Net income for the three months ending September 30, 2007 increased 71.52% to $284,102 compared to $165,635 for the same quarter of 2006. Net income for the first nine months of 2007 decreased to $580,736 compared to $605,642 for the same nine months in 2006. Per share earnings fully diluted for the nine months of 2007 was $.23 compared to $.24 in 2006. Total assets as of September 30, 2007 increased 7.6% to $234,953,449 compared to $218,344,949 in 2006. Total net loans increased 11.1% to $121,914,162 and total deposits increased 10.4% to $205,498,076. "The third quarter results were an improvement over the prior two quarters, however, our industry continues to deal with shrinking margins and slow loan demand," said John O. Brooks, Chief Executive Officer of Service 1st Bancorp and Service 1st Bank. "We are continuing to monitor costs and credit quality to minimize the impact to profitability," said Mr. Brooks. About Service 1st Bank and Charter Services Group, Inc.: - -------------------------------------------------------- Service 1st Bancorp has two wholly-owned subsidiaries, Service 1st Bank and Charter Services Group, Inc. Service 1st Bank operates three full service offices in Stockton, Tracy and Lodi. Service 1st Bank is a full service, independent banking institution that specializes in delivering custom-crafted lending and depository products to San Joaquin County's small to medium-sized businesses, professionals, and individuals. Since opening its doors in November 1999, Service 1st Bank has concentrated on providing a personalized "relationship" banking experience where customers are known individually and their needs met expeditiously. More information on Service 1st Bank is available at www.service1stbank.com. Charter Services Group, Inc. operates a bank consulting business from its offices in Lodi, California. Forward Looking Statements: - --------------------------- Certain statements contained herein are forward-looking statements that involve risks and uncertainties within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject 5 to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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-K for the year ended December 31, 2006, and in reports filed on Form 10-Q 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, except as required by law. Contact Information: - -------------------- John Brooks Robert Bloch Chairman & Chief Executive Officer Chief Financial Officer Service 1st Bank and Service 1st Bancorp Service 1st Bank (209) 820-7953 (209) 820-7953 jbrooks@service1stbank.com rbloch@service1stbank.com 6 -----END PRIVACY-ENHANCED MESSAGE-----