Idaho First Bank reported unaudited financial results for the first quarter ended March 31, 2013. The bank reported net income of $106,000 for the first quarter of 2013, compared to net income of $23,000 in the same quarter last year. The quarterly net income for the quarter was close to the record quarterly income of $118,000 reported in the fourth quarter of 2012. The bank achieved $771,000, a 10% increase in net interest income, compared to $698,000 for the prior year. This was driven by average loan growth of 5% and an improving net interest margin. Book value per share was $0.57 as on March 31, 2013, compared to $0.59 as on March 31, 2012. The quarterly net charge-offs were $310,000, compared to $293,000 for the last year.

Idaho First Bank reported unaudited earnings results for the year ended December 31, 2012. Net income for the fourth quarter of 2012 was $118,000, a record for the highest quarterly income in the Bank's history. Net income of $118,000 for the quarter compares with quarterly income of $71,000 in the same quarter of 2011 and $105,000 of quarterly income in the third quarter of 2012. Net interest income was $788,000 against $630,000 for the same period last year. The Bank reported record net income of $262,000 for 2012, compared to a loss of $143,000 in 2011. This represents six consecutive quarters of profitability for the Bank and the first full calendar year of profitability. Compared to the prior year, the Bank achieved a 33% increase in net interest income. This was driven by average loan growth of 19% and an improving net interest margin. Net interest income was $3,001,000 against $2,264,000 for the last year.

Idaho First Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company announced net income of $105,000 compared to $55,000 a year ago. Net interest income was $799,000 against $627,000 reported a year ago. For the nine months, the company announced net income of $144,000 compared to net loss of $214,000 a year ago. Net interest income was $2,213,000 against $1,634,000 reported a year ago. Increase in net income was driven by average loan growth of 22% and an improving net interest margin.