================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the quarterly period ended March 31, 2005
                                    --------------


[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     For the transition period from ____________ to ____________

                        Commission file number 000-50323

                               SERVICE 1ST BANCORP
                               -------------------
        (Exact name of small business Issuer as specified in its Charter)

          State of California                         32-0061893
   -------------------------------         ---------------------------------
   (State or other jurisdiction of         (IRS Employer Identification No.)
    incorporation or organization)

         2800 West March Lane, Suite 120, Stockton, California 95219
        ------------------------------------------------------------
                  (Address of principal executive offices)

                                (209) 956-7800
              ------------------------------------------------
              (Issuer's Telephone Number, Including Area Code)


            ----------------------------------------------------
            (Former name, former address and former fiscal year,
                        if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes [X]  No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date:

1,590,937 shares of registrant's common stock were outstanding at May 12, 2005.

================================================================================

The Index to Exhibits is located at page 24.
<PAGE>

PART I FINANCIAL INFORMATION

ITEM 1. Financial statements

                               SERVICE 1ST BANCORP
                           CONSOLIDATED BALANCE SHEETS
                              For the periods ended
                                   (unaudited)

<TABLE>
<CAPTION>
ASSETS                                                       03/31/05         12/31/04
                                                          -------------    -------------
<S>                                                       <C>              <C>
Cash & due from banks                                     $   7,673,780    $   6,670,896
Fed Funds sold                                               12,021,773        4,371,469
                                                          -------------    -------------
   Cash and cash equivalents                                 19,695,553       11,042,365

Certificates of deposits with other banks                     3,797,559          345,000
Securities available-for-sale                                58,801,786       51,722,636
Securities held-to-maturity                                     493,238          566,489

Loans, net                                                   69,533,868       68,322,348

Bank premises and equipment, net                                623,408          626,792
Bank owned life insurance                                     2,352,422        2,331,308
Accrued interest and other assets                             2,909,497        2,215,697
                                                          -------------    -------------
                                                          $ 158,207,331    $ 137,172,635
                                                          =============    =============

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits:
   Noninterest-bearing DDA                                $  28,512,212    $  20,958,209
   Interest-bearing DDA                                      71,116,204       66,230,759
   Money market deposit accounts                             12,702,527        6,413,624
   Savings accounts                                           3,439,254        2,611,166
   Certificates of deposit                                   26,929,411       25,894,824
                                                          -------------    -------------
      Total deposits                                        142,699,608      122,108,582
Other borrowings                                                      -                -
Other liabilities                                               997,384          962,382
                                                          -------------    -------------

      Total liabilities                                     143,696,992      123,070,964

Shareholders' equity:
   Common stock                                              15,992,913       15,425,042
   Accumulated deficit                                         (863,408)      (1,117,844)
   Accumulated other comprehensive income net of tax           (619,166)        (205,527)
                                                          -------------    -------------
      Total shareholders' equity                             14,510,339       14,101,671
                                                          -------------    -------------
      Total liabilities and shareholders' equity          $ 158,207,331    $ 137,172,635
                                                          =============    =============
</TABLE>

The accompanying notes are an integral part of these consolidated statements.

                                       2
<PAGE>

                       SERVICE 1ST BANCORP AND SUBSIDIARY
                        CONSOLIDATED STATEMENTS OF INCOME
                           For the three months ended
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                  3/31/05        3/31/04
                                                               ------------   ------------
<S>                                                            <C>            <C>
Interest income:
   Interest and fees on loans                                  $  1,257,416   $    971,539
   Interest on investment securities                                528,206        432,834
   Interest on federal funds sold                                    61,627          8,088
   Other interest income                                             10,228              -
                                                               ------------   ------------
                                                                  1,857,477       1,412461
Interest expense:
   Interest expense on deposits                                     588,306        428,688
   Other interest expense                                                 -            183
                                                               ------------   ------------
                                                                    588,306        428,871
                                                               ------------   ------------

            Net interest income                                   1,269,171        983,590
Provision for loan losses                                            60,000         35,000
                                                               ------------   ------------

     Net interest income after provision for loan losses          1,209,171        948,590

Other income                                                        198,535        288,540

Other expense:
   Salaries and employee benefits                                   605,453        537,318
   Occupancy expense and equipment                                  122,453        133,623
   Other operating expense                                          311,238        297,431
                                                               ------------   ------------
                                                                  1,039,144        968,372
                                                               ------------   ------------
            Net income before income taxes                          368,562        268,758
Income taxes expense                                                114,126              -
                                                               ------------   ------------

            Net income                                         $    254,436   $    268,758
                                                               ============   ============
Net income per share - basic                                   $       0.16   $       0.23
                                                               ============   ============
Net income per share - diluted                                 $       0.15   $       0.22
                                                               ============   ============
</TABLE>

The accompanying notes are an integral part of these consolidated statements.

                                       3
<PAGE>

                       SERVICE 1ST BANCORP AND SUBSIDIARY
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                  Accumulated
                                          Common Stock                                                Other          Total
                                  ----------------------------  Comprehensive      Accumulated    Comprehensive   Shareholders'
                                     Shares           Amount        Income           Deficit         Income          Equity
                                  ------------    ------------    ------------    ------------    ------------    ------------
<S>                                  <C>          <C>             <C>             <C>             <C>             <C>
Balance at January 1, 2004           1,155,105    $ 10,915,069                    $ (2,529,737)   $   (102,561)   $  8,282,771

Cash paid for fractional shares           (149)                                                         (2,085)         (2,085)

Common stock sold, net of
   costs of $7,964                     376,208       4,412,480                                                       4,412,480

Stock options exercised                 10,500          97,493                                                          97,493

Comprehensive Income:
   Net income                                                     $  1,413,978       1,413,978                       1,413,978
   Unrealized losses on
      securities, net of tax
      of $139,860                                                     (198,985)                       (198,985)       (198,985)
   Reclassification adjustment
      for gains included in net
      income net of tax
      of $8,258                                                         (5,767)                         (5,767)         (5,767)
                                                                  ------------

         Comprehensive Income                                     $  1,311,012
                                                                  ============

                                  ------------    ------------                    ------------    ------------    ------------

Balance at December 31, 2004         1,541,664      15,425,042                      (1,117,844)       (205,527)     14,101,671

Common stock sold, net of
   costs of $11,086                     49,273         567,871                                                         567,871

Comprehensive Income:
   Net income                                                      $    254,436        254,436                         254,436
   Unrealized losses on
     securities, net of tax
     of $290,515                                                       (413,639)                      (413,639)       (413,639)
                                                                  ------------

         Comprehensive Income                                     $   (159,204)
                                                                  ============

                                  ------------    ------------                    ------------    ------------    ------------

Balance at December 31, 2004         1,590,937    $ 15,992,913                    $   (863,408)   $   (619,166)   $ 14,510,339
                                  ============    ============                    ============    ============    ============
</TABLE>

The accompanying notes are an integral part of these consolidated statements.

                                       4
<PAGE>

                       SERVICE 1ST BANCORP AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 For the quarters ended March 31, 2005 and 2004

<TABLE>
<CAPTION>
                                                                            2005            2004
                                                                        ------------    ------------
<S>                                                                     <C>             <C>
Cash flows from operating activities:
   Net income                                                           $    254,436    $    268,758
   Adjustments to reconcile net income to net cash
      provided by operating activities:
        Provision for loan losses                                             60,000          35,000

        Depreciation and amortization                                         42,837          44,505
        Gain on sale of securities                                                 -          (9,774)
        Gain on sale of loans                                                (63,086)       (133,714)
        Amortization and accretion on securities                              71,899         112,924
        Earnings on cash surrender value life insurance, net                 (25,805)        (23,427)
        Increase in accrued interest                                        (136,985)        (28,168)
        Increase in other assets                                            (285,223)       (283,602)
        Increase in accrued interest and other liabilities                    35,002         141,863
                                                                        ------------    ------------
   Net cash provided by operating activities                                 (46,925)        124,365

Cash flows from investing activities:
   Purchases of securities available for sale                            (13,033,265)    (20,558,056)
   Proceeds from sales of securities available for sale                            -       1,004,930
   Proceeds from payments, maturities and calls of securities
      available for sale                                                   5,201,676      11,498,373
   Proceeds from payments, maturities and calls of securities held
      to maturity                                                             73,251         724,227
   Increase in loans                                                       (2,14,637)     (7,333,130)
   Proceeds from sales of loans                                              906,203       1,276,464

   Purchase of certificates of deposit at other banks                     (3,452,559)              -
   Purchases of premises and equipment                                       (39,453)        (17,216)
                                                                        ------------    ------------
   Net cash used by investing activities                                 (12,458,784)    (13,404,408)

Cash flows from financing activities:
   Net increase in demand, interest-bearing deposits, and savings         19,556,439      19,658,092
   Net increase in time deposits                                          (1,034,587)     (1,341,825)

   Proceeds from sale of common stock, net of costs                          567,871               -
   Net change in other borrowings                                                  -        (149,913)
                                                                        ------------    ------------
   Net cash from financing activities                                     21,158,897      18,166,354
                                                                        ------------    ------------

Net increase (decrease) in cash and cash equivalents                       8,653,188       4,886,311
Cash and cash equivalents at beginning of year                            11,042,365       6,639,537
                                                                        ------------    ------------

Cash and cash equivalents at end of year                                $ 19,695,553    $ 11,525,848
                                                                        ============    ============

Supplemental disclosures of cash flow information:
   Interest                                                             $     463,56    $    374,037
   Income taxes                                                         $          -    $      1,600
</TABLE>

The accompanying notes are an integral part of these consolidated statements.

                                       5
<PAGE>

                               SERVICE 1ST BANCORP
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION AND MANAGEMENT REPRESENTATION

The accompanying unaudited consolidated financial statements of Service 1st
Bancorp (the "Company") have been prepared in accordance with the instructions
to Form 10-QSB and, therefore, do not include information or footnote
disclosures required by generally accepted accounting principles for complete
financial statements. For further information, refer to the financial statements
and related footnotes included in the Company's annual report on Form 10-KSB for
the year ended December 31, 2004. In the opinion of management, the financial
statements presented herein include all adjustments (consisting of normal
recurring accruals) necessary to present fairly, in all material respects, the
financial position of the Company as of March 31, 2005 and the Company's income
statement for the three months ended March 31, 2005 and 2004, and the statement
of cash flows for the three months ended March 31, 2005 and 2004. Operating
results for interim periods are not necessarily indicative of operating results
for an entire fiscal year.

The balance sheet as of December 31. 2004, has been derived from the audited
balance sheet as of that date.

Reclassifications

Certain reclassifications were made to prior periods presentations to conform to
the current year. These reclassifications are of a normal recurring nature.

Stock-based compensation

SFAS No. 123(R), "Accounting for Stock-Based Compensation," requires entities to
disclose the fair value of their employee stock options, but permits entities
such as the Company to continue until 2006 to account for employee stock options
under Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock
Issued to Employees." The Company will continue to use the method prescribed by
APB Opinion No. 25, which recognizes compensation cost to the extent of the
difference between the quoted market price of the stock at the date of grant and
the amount an employee must pay to acquire the stock. Beginning in 2006, the
Company will adopt SFAS No. 123(R).

The exercise price of each option is greater than or equal to the fair market
value of the Company's stock on the date of grant. Accordingly, no compensation
cost has been recognized for the plan. Had compensation cost for the plan been
determined based on the fair value of the options at the grant dates consistent
with the method of SFAS No. 123, the Company's net income and income per share
would have been decreased to the pro forma amounts indicated below:

                                       6
<PAGE>

<TABLE>
<CAPTION>
                                                               For the three months ended March 31,
                                                                       2005           2004
                                                                   -----------    -----------
<S>                                                                <C>            <C>
Net Income:
   As Reported                                                     $   254,436    $   268,758
   Stock-Based Compensation using the Intrinsic Value Method                 -              -
   Stock-Based Compensation that would have been reported
       using the Fair Value Method of SFAS 123                          (2,689)        (2,689)
                                                                   -----------    -----------

   Pro Forma                                                       $   251,747    $   266,069
                                                                   ===========    ===========

Net income per share - basic
   As reported                                                     $      0.16    $      0.23
   Pro forma                                                       $      0.16    $      0.23

Net income per share - diluted
   As reported                                                     $      0.15    $      0.22
   Pro forma                                                       $      0.15    $      0.22
</TABLE>

In December 2004, FASB revised SFAS 123 and issued it under its new name,
"Share-Based Payment". This statement eliminates the alternative to use Opinion
25's intrinsic value method of accounting discussed in the previous paragraph.
Instead, this Statement generally requires entities to recognize the cost of
employee services received in exchange for awards of stock options, or other
equity instruments, based on the grant-date fair value of those awards

The Company must adopt this statement in 2006 for all new stock option awards as
well as any existing awards that are modified, repurchased or cancelled. In
addition, the unvested portion of previously awarded options will also be
recognized as expense in the year of vesting. The Company is unable to estimate
the impact of this Statement in its financial condition and results of
operations as the decision to grant option awards is made annually on a
case-by-case basis and, accordingly, the Company cannot estimate the amount of
stock awards that will be made in 2006. However, options that are outstanding
currently and vest in 2006 and 2007 will create net compensation cost of
approximately $28,000 in 2006 and $23,000 in 2007, ignoring any forfeitures or
cancellations


Note 2 - EARNINGS PER SHARE (EPS)

Basic EPS excludes dilution and is computed by dividing income available to
common stockholders by the weighted-average number of common shares outstanding
for the period. Diluted EPS reflects the potential dilution that could occur if
options or other contracts to issue common stock were exercised or converted
into common stock or resulted in the issuance of common stock that then shared
in the earnings of the entity. Weighted average shares outstanding used in the
computation of basic earnings per share were 1,590,129 and 1,155,105 in 2005 and
2004, respectively. Weighted average shares outstanding used in the computation
of diluted earning per share were 1,655,144 and 1,215,218 in 2005 and 2004,
respectively.

                                       7
<PAGE>

NOTE 3 - SECURITIES

The amortized cost and estimated fair values of securities as of March 31, 2005
are as follows:

<TABLE>
<CAPTION>
                                                             Gross          Gross         Estimated
                                            Amortized     Unrealized      Unrealized        Fair
                                               Cost          Gains          Losses          Value
                                          ------------   ------------    ------------    ------------
<S>                                       <C>            <C>             <C>             <C>
Available-for-Sale Securities:
   U.S. Government Agencies               $ 27,353,827   $          -    $   (593,202)   $ 26,760,625
   State and Political Subdivisions            125,000          1,195               -         126,195
   Asset-Backed Securities                   8,320,625          4,193        (105,314)      8,219,504
   Mortgage-Backed Securities               24,056,415         13,760        (374,713)     23,695,462
                                          ------------   ------------    ------------    ------------

                                          $ 59,855,867   $     19,148    $ (1,073,229)   $ 58,801,786
                                          ============   ============    ============    ============
Held-to-Maturity Securities:
   Asset-Backed Securities                $    197,257   $      2,839    $          -    $    200,096
   Mortgage-Backed Securities                  295,981          6,722               -         302,703
                                          ------------   ------------    ------------    ------------

                                          $    493,238   $      9,561    $          -    $    502,799
                                          ============   ============    ============    ============
</TABLE>

Securities carried at approximately $30,310,000 were pledged to secure deposits
of public funds and borrowing arrangements.


The tables below reflect the composition of investment securities, amortized
cost, unrealized gains and losses and estimated fair values as of December 31,
2004.

<TABLE>
<CAPTION>
                                                             Gross          Gross         Estimated
                                            Amortized     Unrealized      Unrealized        Fair
                                               Cost          Gains          Losses          Value
                                          ------------   ------------    ------------    ------------
<S>                                       <C>            <C>             <C>             <C>
Available-for-Sale Securities:
   U.S. Government Agencies               $ 21,835,011   $     10,294    $   (212,572)   $ 21,632,733
   State and Political Subdivisions            125,000          2,614               -         127,614
   Asset-Backed Securities                   6,473,191         20,379         (30,259)      6,463,311
   Mortgage-Backed Securities               23,639,408         27,507        (167,937)     23,498,978
                                          ------------   ------------    ------------    ------------

                                          $ 52,072,610   $     60,794    $   (410,768)   $ 51,722,636
                                          ============   ============    ============    ============

Held-to-Maturity Securities:
   Asset-Backed Securities                $    244,040   $      3,140    $          -    $    247,180
   Mortgage-Backed Securities                  322,449         10,858            (297)        333,010
                                          ------------   ------------    ------------    ------------

                                          $    566,489   $     13,998    $       (297)   $    580,190
                                          ============   ============    ============    ============
</TABLE>

                                       8
<PAGE>

NOTE 4 - LOANS

The Company's customers are primarily located in San Joaquin County. At March
31, 2005, approximately 73.5% of the Company's loans are for real estate and
construction and approximately 21.4% of the Company's loans are for general
commercial uses including professional, retail and small businesses. Consumer
loans make up approximately 2.5% of the loan portfolio with agriculture loans
making up the remaining 2.6%. Generally, real estate loans are collateralized by
real property while commercial and other loans are collaterized by funds on
deposit, business or personal assets.

Major classifications of loans were:

                                                3/31/05        12/31/04
                                             ------------    ------------
Construction and land development loans      $ 26,732,038    $ 15,498,534
Real estate loans                              25,315,498      35,302,346
Commercial loans                               15,178,976      14,721,336
Agricultural loans                              1,831,340       1,951,225
Consumer loans                                  1,741,980       2,105,043
                                             ------------    ------------
                                               70,834,354      69,578,484
Deferred loan fees and costs, net                (277,486)       (293,136)
Allowance for loan losses                      (1,023,000)       (963,000)
                                             ------------    ------------

                                             $ 69,533,868    $ 68,322,348
                                             ============    ============


                                       9
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     Certain matters discussed or incorporated by reference in this Quarterly
Report on Form 10-QSB including, but not limited to, matters described in "Item
2 - Management's Discussion and Analysis or Plan of Operation," are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those projected. Changes to
such risks and uncertainties, which could impact future financial performance,
include, among others, (1) competitive pressures in the banking industry; (2)
changes in the interest rate environment; (3) general economic conditions,
nationally, regionally and in operating market areas, including a decline in
real estate values in the Company's market areas; (4) the effects of terrorism,
the threat of terrorism or the impact of potential military conflicts; (5)
changes in the regulatory environment; (6) changes in business conditions and
inflation; (7) changes in securities markets; (8) data processing problems; (9)
variances in the actual versus projected growth in assets; (10) return on
assets; (11) loan losses; (12) expenses; (13) rates charged on loans and earned
on securities investments; (14) rates paid on deposits; and (15) fee and other
noninterest income earned, as well as other factors. This entire Quarterly
Report and the Annual Report on Form 10-KSB for the year ended December 31 2004,
2005 quarterly reports on Form 10-QSB and current reports on Form 8-K should be
read to put such forward-looking statements in context and to gain a more
complete understanding of the uncertainties and risks involved in the Company's
business. Therefore, the information set forth therein should be carefully
considered when evaluating the business prospects of the Company.

BUSINESS ORGANIZATION

     Service 1st Bancorp (the "Company") is a California corporation,
headquartered in Stockton, California, and was incorporated on January 23, 2004
to act as a holding company for Service 1st Bank (the "Bank"). The Bank became a
subsidiary of the Company effective June 26, 2004. As of December 31, 2004, the
Bank operated two full-service offices in the cities of Stockton and Tracy in
San Joaquin County, and a loan production office in Castro Valley, Alameda
County. The Bank offers a full range of commercial banking services to
individuals, small and medium sized businesses, municipalities and professionals
in San Joaquin County and the surrounding communities.

     The following analysis is designed to provide a more complete understanding
of the material changes and trends related to the Company's financial condition,
results of operations, cash flows, and capital resources. This discussion should
be read in conjunction with the financial statements included in Item 1 and the
Annual Report on Form 10-KSB for the year ended December 31, 2004.


CRITICAL ACCOUNTING POLICIES

Use of Estimates in the Preparation of Financial Statements

     The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires the
Bank's management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates. Note 1 to the Financial Statements describes the
significant accounting policies used in the preparation of the financial
statements. A critical accounting policy is defined as one that is both material
to the presentation of the Company's financial statements and requires
management to make difficult, subjective or complex judgments that could have a
material effect on the Company's financial condition and results of operations.
Management believes that the matters described below are critical accounting
policies.

                                       10
<PAGE>

Allowance for Loan Losses

     The allowance for loan losses is established through a provision for loan
losses charged to expenses. Loans are charged against the allowance for loan
losses when management believes that the collectibility of the principal in
unlikely. The allowance is an amount that management believes will be adequate
to absorb losses inherent in existing loans and commitments to extend credit,
based on evaluations of collectibility and prior loss experience of loans and
commitments to extend credit. The evaluations take into consideration such
factors as changes in the nature and volume of the portfolio, overall portfolio
quality, loan concentration, specific problem loans, commitments, and current
economic conditions that may affect the borrowers' ability to pay.

Stock-Based Compensation

     SFAS No. 123(R), "Accounting for Stock-Based Compensation", encourages, but
does not require, companies to record compensation cost for stock-based employee
compensation plans at fair value. The Company has chosen to continue to account
for stock-based compensation using the intrinsic value method prescribed in APB
Opinion No. 25, "Accounting for Stock Issued to Employees", and related
interpretations. Accordingly, compensation cost for stock options is measured as
the excess, if any, of the quoted market price of the Company's stock at the
date of the grant over the amount an employee must pay to acquire the stock.
Beginning in 2006, the Company will adopt SFAS No. 123(R).

Summary of Financial Condition

     The Company's total consolidated assets increased 15.3% from December 31,
2004 to March 31, 2005. As of March 31, 2005, total consolidated assets were
$158,207,331 compared to $137,172,635 as of December 31, 2004. The increase in
growth was primarily from an increase in noninterest-bearing DDA, interest
bearing DDA, and money market deposit accounts. Fourteen million dollars of this
growth was from one customer and it's anticipated that these funds will be
deposited with the Bank for a short period of time.

     Total net loans at March 31, 2005 were $69,533,868 compared to $68,322,348
at December 31, 2004. This represents an increase in net loans of 1.8% from
December 31, 2004.

     Total investment securities at March 31, 2005 were $59,295,044 compared to
$52,289,125 at December 31, 2004. Federal Funds sold at March 31, 2005 were
$12,021,773 compared to $4,371,469 at December 31, 2004. The increase in
investment securities and Federal Funds sold was a result of the $20,591,026
increase in deposits for the quarter.

     Total deposits were $142,699,608 at March 31, 2005 compared to $122,108,582
at December 31, 2004. Noninterest-bearing DDA accounts increased from
$20,958,209 at December 31, 2004 to $28,512,212 at March 31, 2005.
Interest-bearing DDA accounts increased to $71,116,204 at March 31, 2005 from
$66,230,759 at December 31, 2004. Money market deposit accounts increased from
$6,413,624 at December 31, 2004 to $12,702,527 at March 31, 2005.

Results of Operations

     Net income for the three months ended March 31, 2005 was $254,436 compared
to $268,758 for the first quarter of 2004. The Company will recapture all of its
initial net operating loss carryforwards this year. Consequently, the Company
will sustain an increased tax burden and requirement to accrue income tax
expense during 2005. Due primarily to the accrual for income tax expense of
$114,126 for 2005, the diluted earnings per share was $0.15 for the three months
ended March 31, 2005, compared to $0.22 for the same period in 2004. Income
before taxes for the three months ended March 31, 2005 was $368,562 compared to
$268,758 for the same quarter of 2004. The favorable improvement in the

                                       11
<PAGE>

Company's operations for the three months ended March 31, 2005 reflects the
income that the Bank has been able to generate from an increase in loans and
investments. Other income declined to $198,535 for the three months ended March
31, 2005 from $278,766 at March 31, 2004. The decline in other income was
primarily due to a decrease in premiums received on loans sold, loan servicing
fees, and referral fees on mortgage loans. There were also increased expenses
incurred for the consolidated operations primarily resulting from the growth of
the Company.

Net Interest Income and Net Interest Margin

     Net interest income, the primary component of the net earnings of a
financial institution, refers to the difference between the interest earned on
loans and investments and the interest paid on deposits and borrowings. Please
see the tables of average balance sheet and net interest income on the next
page.

                                       12
<PAGE>

The following table sets forth average balance sheet information, interest
income and expense, average yields and rates, and net interest income and margin
for the quarters ended March 31, 2005 and 2004.

<TABLE>
<CAPTION>
                                                       March 31, 2005                             March 31, 2004
                                         ----------------------------------------    -----------------------------------------
                                                                        Average                                      Average
                                            Average        Income/      Yield or        Average       Income/        Yield or
                                            Balance        Expense     Rate Paid        Balance       Expense       Rate Paid
                                         ------------   ------------  -----------    ------------   ------------  ------------
<S>                                      <C>            <C>                  <C>     <C>            <C>                   <C>
Interest-earning assets:
Interest-bearing deposits                $  1,257,722   $     10,228         3.30%   $          -   $          -          0.00%
Investments                                55,779,316        528,206         3.84%     49,511,479        432,834          3.52%
Federal funds sold                          9,740,541         61,627         2.57%      3,252,155          8,088          1.00%
Loans (1) (2)                              69,654,124      1,257,416         7.32%     56,110,355        971,539          6.96%
                                         ------------   ------------                 ------------   ------------

   Total interest-earning assets          136,431,703      1,857,477         5.52%    108,873,989      1,412,461          5.22%


Allowance for loan losses                    (985,000)                                   (865,281)
Cash and due from banks                     8,020,616                                   5,658,691
Bank premises and equipment                   632,738                                     708,279
Accrued interest receivable                   522,421                                     526,681
Other assets                                4,194,635                                   3,246,228
                                         ------------                                ------------
   Total assets                          $148,817,113                                $118,148,587
                                         ============                                ============

Interest  Bearing Liabilities:

Demand deposits                          $ 70,111,835        318,860         1.84%   $ 52,935,649        205,874          1.56%
Savings & money market accounts            13,420,610         29,984         0.91%     14,884,555         32,475          0.88%
Time Deposits                              26,937,195        239,462         3.61%     25,608,574        109,339          2.99%
Other borrowings                                    -              -            -         100,947            183          0.73%
                                         ------------   ------------                 ------------   ------------
   Total interest-bearing liabilities     110,469,640        588,306         2.16%     93,529,725        428,871          1.84%
                                         ------------   ------------                 ------------   ------------

Non-interest bearing demand deposits       22,820,928                                  15,954,057
Other Liabilities                             626,356                                     378,398
                                         ------------                                ------------
   Total liabilities                      133,916,924                                 109,862,180
Shareholders' equity                       14,900,189                                   8,286,407
                                         ------------                                ------------
   Total liabilities and shareholders'
      equity                             $148,817,113                                $118,148,587
                                         ============                                ============

Net interest income                                     $  1,269,171                                $    983,590
                                                        ============                                ============
Net interest margin on average
  interest earning assets (3)                                                3.77%                                        3.63%
</TABLE>

1.   Average loan balances include average deferred loan fees of $282,384 and
     $218,780 for the periods ending March 31, 2005 and 2004, respectively.

2.   Interest on loans includes fees of $44,650 and $22,455 for the periods
     ending March 31, 2005 and 2004, respectively.

3.   Net interest margin is computed by dividing net interest income by total
     average earning assets.

All average balances have been computed using daily balances.

                                       13
<PAGE>

     Net interest income for the three months ended March 31, 2005 was
$1,269,171 compared to $983,590 for 2004. Average interest-earning assets for
the three months ended March 31, 2005 was $136,431,703 compared to $108,873,989
during the same three months of 2004 The yield earned on average
interest-earning assets during the first quarter of 2005 was 5.52% compared to
5.22% during the first quarter of 2004. The average rate paid on interest
bearing-liabilities increased from 1.84% for the third quarter of 2004 to 2.16%
during the first quarter of 2005. The increase in rates earned on loans,
investments, and paid on deposits was a result of the Federal Reserve Bank
raising interest rates seven times from July 1, 2004 through March 22, 2005.

Allowance and Provision for Loan Losses

     The Company assesses and manages credit risk on an ongoing basis through
stringent credit review and approval policies, extensive internal monitoring,
and established formal lending policies. Additionally, the Bank contracts with
an outside source to periodically review the existing loan portfolio.

     Management believes its ability to identify and assess risk and return
characteristics of the Company's loan portfolio is critical for profitability
and growth. Management strives to continue the historically low level of credit
losses by continuing its emphasis on credit quality in the loan approval
process, active credit administration, and regular monitoring. Management has
implemented a loan review and grading system that functions to continually
assess the credit risk inherent in the loan portfolio.

     In extending credit and commitments to borrowers, the Bank generally
requires collateral and/or guarantees as security. The repayment of such loans
is expected to come from cash flow or from proceeds from the sale of selected
assets of the borrowers. The Bank's requirement for collateral and/or guarantees
is determined on a case-by-case basis in connection with management's evaluation
of the creditworthiness of the borrower. Collateral held varies, but may include
accounts receivable, inventory, property, plant and equipment, income-producing
properties, residences, and other real property.

     Construction loans and other real estate secured loans comprise 73.5% of
total loans outstanding at March 31, 2005. Although management believes such
loans have no more than the normal risk of collectibility, a substantial decline
in the economy in general, or a decline in real estate values in the Company's
primary operating market areas in particular, could have an adverse impact on
the collectibility of such loans. In addition, such an occurrence could result
in an increase in loan losses and an increase in the provision for loan losses,
which could adversely affect the Company's future prospects, results of
operations, overall profitability, and the market price of the Company's common
stock.

     The provision for loan losses for the three months ended March 31, 2005 was
$60,000 compared to $35,000 during the same quarter of 2004. At March 31, 2005,
the allowance for loan losses was $1,023,000 compared to $963,000 at December
31, 2004. The ratio of allowance for loan losses to gross loans was 1.44% at
March 31, 2005 compared to 1.38% at December 31, 2004. The allowance for loan
losses is adjusted by charges to income and decreased by charge-offs (net of
recoveries). Management's periodic evaluation of the adequacy of the allowance
is based on past loan loss experience, known and inherent risks in the
portfolio, adverse situations that may affect the borrower's ability to repay,
the estimated value of any underlying collateral, and current economic
conditions. Additional provisions will be added as new loans are placed on the
books in an amount adequate to support the risks inherent in the portfolio.

                                       14
<PAGE>

The following table summarizes the changes in the allowances for loan losses
arising from loans charged-off, recoveries on loans previously charged-off, and
additions to the allowance which have been charged to operating expenses and
certain ratios relating to the allowance for loan losses.


                                            For the Three Months Ended March 31,
                                                   2005            2004
                                               ------------    ------------
Outstanding Loans:
  Average for the Period                       $ 69,654,124    $ 56,110,355
  End of the Period                            $ 70,834,354    $ 59,789,075
Allowance For Loan Losses:
Balance at Beginning of Year                   $    963,000    $    838,000
Actual Charge-Offs:
  Commercial                                              -               -
  Consumer                                                -               -
  Real Estate                                             -               -
Total Charge-Offs                                         -               -
Less Recoveries:
  Commercial                                              -               -
  Consumer                                                -               -
  Real Estate                                             -               -
Total Recoveries                                          -               -
Net Loans Charged-Off                                     -               -
Provision for Loan Losses                            60,000          35,000
                                               ------------    ------------
Balance at End of Period                       $  1,023,000    $    873,000
                                               ============    ============
Ratios:
  Net Loans Charged-Off to Average Loans                  0%             .0%
  Allowance for Loan Losses to Total Loans             1.44%           1.46%
  Net Loans Charged-Off to Beginning
      Allowance for Loan Losses                           0%              0%
Net Loans Charged-Off to Provision for Loan
      Losses                                              0%              0%
Allowance for Loan Losses to Nonperforming
      Loans                                          1346.1%          124.9%


Nonaccrual Loans, Loans Past Due 90 Days and OREO

     Management generally places loans on nonaccrual status when they become 90
days past due, unless the loan is well secured and in the process of collection.
Loans are charged off when, in the opinion of management, collection appears
unlikely. There were nonaccrual loans of $76,000 at March 31, 2005 and $699,000
at March 31, 2004 and $78,000 at December 31, 2004.

     At March 31, 2005 there were loans totaling $76,000 that were considered
impaired or troubled debt restructurings compared to $699,000 at March 31, 2004
and $78,000 at December 31, 2004. These loans were delinquent and placed on
nonaccrual, but management believes that the loans will be collected in full.
The loans were placed on nonaccrual to defer future income recognition until the
delinquent payments have been received. There were no loan concentrations in
excess of 10% of total loans not otherwise disclosed as a category of loans as
of March 31, 2005 or December 31, 2004. Management is not aware of any potential
problem loans, which were accruing and current at March 31, 2005 or December 31,
2004, where serious doubt exists as to the ability of the borrower to comply
with the present repayment terms.

     There was no other real estate owned at March 31, 2005 and December 31,
2004.

                                       15
<PAGE>

Other Income

     Other income for the three months ended March 31, 2005 was $198,535
compared to $278,766 for the same period during 2004. The Bank offers loans on
single family homes through a third party lender. The Bank receives fees for the
packaging of the loans provided to the third party lender. The loans are funded
by and become assets of the third party lender. The fees on residential first
trust deeds for the three months ended March 31, 2005 were $11,639 compared to
$27,991 in 2004. The activity in the refinance market for loans declined causing
the earnings from the activity to decrease. The Bank originates loans through
various government guarantee programs. The guaranteed portion of these loans can
be sold in the secondary market. Gains on loans sold in the secondary market and
the servicing of these loans for the three months ended March 31, 2005 were
$91,402 compared to $152,142 during the same period in 2004. The decline in the
gain on the guaranteed portion of loans sold for 2005 was related to a lower
volume of guaranteed loans being originated in 2005.

Other Expense

     Salaries and employee benefits for the three months ended March 31, 2005
was $605,453 compared to $537,318 for the three months ended March 31, 2004. The
increase in salaries and employee benefits during 2005 was a result of an
increase in the number of employees in anticipation of an increase in growth for
loan production and for branch activities. There were 33 employees at March 31,
2005 compared to 29 at March 31, 2004. Deferred compensation expense related to
loan production activity decreased from a $94,802 credit for the three months
ended March 31, 2004 compared to a credit of $75,168 for the first quarter of
2005. The additional increase in salaries and employee benefits reflects an
increase in salaries for a cost of living adjustment.

     Occupancy and equipment expense was $122,453 for the three months ended
March 31, 2005 compared to $133,623 for the same period during 2004.

     Other operating expenses, primarily comprised of marketing, data
processing, professional fees, and other expenses, for the three months ended
March 31, 2005 were $311,238 compared to $297,431 for the three months ended
March 31, 2004. The increase in other expenses was commensurate with the growth
of the Bank.

Capital Resources

     Total shareholders' equity at March 31, 2005 was $14,510,339 compared to
$14,101,671 at December 31, 2004. The increase was primarily from the net income
for the three months ended March 31, 2005 of $254,436 and the receipt of
$567,871 from a private placement of 49,273 shares of common stock. Due to
rising interest rates there was an increase in the unrealized losses on
securities of $413,639.

     The Company and the Bank are subject to regulations issued by the Board of
Governors of the Federal Reserve System and the FDIC, which require maintenance
of a certain level of capital. Under the regulations, capital requirements are
based upon the composition of an institution's asset base and the risk factors
assigned to those assets. The guidelines characterize an institution's capital
as being "Tier 1" capital (defined to be principally shareholders' equity less
intangible assets) and "Tier 2" capital (defined to be principally the allowance
for loan losses, limited to one and one-fourth percent of gross risk weighted
assets). The guidelines require the Company and the Bank to maintain a
risk-based capital target ratio of 8%, one-half or more of which should be in
the form of Tier 1 capital.

                                       16
<PAGE>

The following table shows the Company's and the Bank's actual capital amounts
and ratios at March 31, 2005 and December 31, 2004 as well as the minimum
capital ratios for capital adequacy under the regulatory framework.

<TABLE>
<CAPTION>
(dollar amounts in thousands)                                                                              To Be Categorized
                                                                                                            Well Capitalized
                                                                                                                  Under
                                                                                   For Capital             Prompt Corrective
                                                            Actual:             Adequacy Purposes:         Action Provisions:
                                                     Amount        Ratio       Amount         Ratio       Amount         Ratio
                                                     ------        -----       ------         -----       ------         -----
As of March 31, 2005
<S>                                                 <C>            <C>        <C>              <C>       <C>             <C>
Company:
   Total capital (to risk weighted assets)          $16,138        17.9%       $7,221          8.0%          N/A           N/A
   Tier 1 capital (to risk weighted assets)         $15,115        16.7%       $3,610          4.0%          N/A           N/A
   Tier 1 capital (to average assets)               $15,115        10.3%       $5,934          4.0%          N/A           N/A
Bank:
   Total capital (to risk weighted assets)          $14,900        16.5%       $7,221          8.0%       $9,026         10.0%
   Tier 1 capital (to risk weighted assets)         $13,837        15.3%       $3,610          4.0%       $5,415          6.0%
   Tier 1 capital (to average assets)               $13,837         9.4%       $5,874          4.0%       $7,343          5.0%

As of December 31, 2004

Company:
   Total capital (to risk weighted assets)          $15,256        16.9%      $ 7,221          8.0%          N/A           N/A
   Tier 1 capital (to risk weighted assets)         $14,293        15.8%      $ 3,610          4.0%          N/A           N/A
   Tier 1 capital (to average assets)               $14,293        10.7%      $ 5,363          4.0%          N/A           N/A
Bank:
   Total capital (to risk weighted assets)          $14,248        15.8%      $ 7,221          8.0%      $ 9,026         10.0%
   Tier 1 capital (to risk weighted assets)         $13,245        14.7%      $ 3,610          4.0%      $ 5,415          6.0%
   Tier 1 capital (to average assets)               $13,245         9.9%      $ 5,363          4.0%      $ 6,704          5.0%
</TABLE>

The Bank meets the "well capitalized" capital ratio measures at both March 31,
2005 and December 31, 2004.

                                       17
<PAGE>

Liquidity

The objective of liquidity management is to ensure continuous availability of
funds to meet the demands of depositors, investors, and borrowers. Liquidity
is primarily derived from cash, Federal Funds, and other liquid investments.
The Bank has also established borrowing lines from correspondent banks and
the Federal Home Loan Bank of San Francisco totaling $23,700,000. Management
is not aware of any future capital expenditures or other significant demands
on commitments that would severely impair liquidity.

Inflation

The impact of inflation on a financial institution differs significantly from
that exerted on manufacturing or other commercial concerns, primarily because
its assets and liabilities are largely monetary. In general, inflation primarily
affects the Company and the Bank indirectly through its effect on market rates
of interest, and thus the ability of the Bank to attract loan customers.
Inflation affects the growth of total assets by increasing the level of loan
demand, and potentially adversely affects the Company's and the Bank's capital
adequacy because loan growth in inflationary periods can increase at rates
higher than the rate that capital grows through retention of earnings, which the
Company may generate in the future. In addition to its effects on interest
rates, inflation directly affects the Company by increasing operating expenses.
The effects of inflation were not material to the Company's and Bank's results
of operations during the periods ending March 31, 2005 and 2004.

Off-Balance Sheet Items

     As of March 31, 2005 and December 31, 2004, commitments to extend credit
and letters of credit were the only financial instruments with off-balance sheet
risk. The Company has not entered into any contracts for financial derivative
instruments such as futures, swaps, options or similar instruments. Loan
commitments and letters of credit were $24,574,000 and $26,299,000 at March 31,
2005 and December 31, 2004, respectively. As a percentage of net loans these
off-balance sheet items represent 34.7% and 37.8%, respectively.

     Certain financial institutions have elected to use special purpose vehicles
("SPV") to dispose of problem assets. A SPV is typically a subsidiary company
with an asset and liability structure and legal status that makes its
obligations secure even if the parent corporation goes bankrupt. Under certain
circumstances, these financial institutions may exclude the problem assets from
their reported impaired and non-performing assets. The Company doesn't use those
vehicles or any other structures to dispose of problem assets.

Effects of Terrorism

     The terrorist actions on September 11, 2001 and thereafter and the conflict
with Iraq have had significant adverse effects upon the United States economy.
Whether the terrorist activities in the future and the actions of the United
States and its allies in combating terrorism on a worldwide basis will adversely
impact the Company and the extent of such impact is uncertain. However, such
events have had and may continue to have an adverse effect on the economy in the
Company's market areas. Such continued economic deterioration could adversely
affect the Company's future results of operations by, among other matters,
reducing the demand for loans and other products and services offered by the
Bank, increasing nonperforming loans and the amounts reserved for loan losses,
and causing a decline in the Company's stock price.

Website Access

     Information on the Company and Bank may be obtained from the Company's
website www.service1stbank.com. Copies of the annual report on Form 10-KSB,
quarterly reports on Form 10-QSB, current reports on Form 8-K, and all
amendments thereto, as well as Section 16 reports and amendments thereto, are
available free of charge on the website as soon as they are published by the SEC
through a link to the Edgar reporting system maintained by the SEC. To obtain
copies of or to view the reports on Form 10-KSB, 10-QSB, and 8-K, click on the
"Go to Service 1st Bancorp button, then click on the "Click here to view Service
1st Bancorp SEC Filings" link. To obtain copies of or to view Section 16 reports
filed by the Company's insiders, click on the "Click here to view Section 16
Reports" link on the above webpage.

                                       18
<PAGE>

Item 3. Controls and Procedures

     (a) Disclosure Controls and Procedures

     An evaluation of the Company's disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) was carried out under the
supervision and with the participation of the Company's Chief Executive Officer,
Chief Financial Officer and other members of the Company's senior management as
of the end of the Company's fiscal quarter ended March 31, 2005. The Company's
Chief Executive Officer and Chief Financial Officer concluded that the Company's
disclosure controls and procedures as currently in effect are effective in
ensuring that the information required to be disclosed by the Company in the
reports it files or submits under the Exchange Act is (i) accumulated and
communicated to the Company's management (including the Chief Executive Officer
and Chief Financial Officer) to allow timely decisions regarding required
disclosure, and (ii) recorded, processed, summarized and reported within the
time periods specified in the Commission's rules and forms.

     (b) Internal Control Over Financial Reporting

     An evaluation of any changes in the Company's internal control over
financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)),
that occurred during the Company's fiscal quarter ended March 31, 2005, was
carried out under the supervision and with the participation of the Company's
Chief Executive Officer, Chief Financial Officer and other members of the
Company's senior management. The Company's Chief Executive Officer and Chief
Financial Officer concluded that no change identified in connection with such
evaluation has materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1.  Legal

         None

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

         None

Item 3.  Defaults Upon Senior Securities and Mall Business Issuers Purchases of
         Equity Securities

         None

Item 4.  Submission of Matters to a Vote of Security Holders

         None

Item 5.  Other Information

         None

                                       19
<PAGE>

Item 6.  Exhibits

                (2.1)   Plan of Reorganization and Merger Agreement (included in
                        Annex A) incorporated by reference from the Registrant's
                        Form S-4EF, Registration No. 333-104244, filed with the
                        Securities and Exchange Commission on April 1, 2003.

                (3.1)   Articles of Incorporation incorporated by reference from
                        the Registrant's Form S-4EF, Registration No.
                        333-104244, filed with the Securities and Exchange
                        Commission on April 1, 2003.

                (3.2)   Bylaws, as amended incorporated by reference from the
                        Registrant's Form 10-KSB for the year ended December 31,
                        2004, filed with the Securities and Exchange Commission
                        on March 31, 2005.

                (4.1)   Specimen form of certificate for Service 1st Bancorp
                        common stock incorporated by reference from Registrant's
                        Form 10-QSB for the quarterly period ended September 30,
                        2003, filed with the Securities and Exchange Commission
                        on November 14, 2003.

                (10.1)  Lease agreement dated May 3, 2002, related to 2800 West
                        March Lane, Suite 120, CA 95219 incorporated by
                        reference from the Registrant's Form S-4EF, Registration
                        No. 333-104244, filed with the Securities and Exchange
                        Commission on April 1, 2003.

                (10.2)  Lease agreement dated April 13, 1999 and amendment
                        thereto dated June 17, 1999, related to 60 West 10th
                        Street, Tracy, CA 95376 incorporated by reference from
                        the Registrant's Form S-4EF, Registration No.
                        333-104244, filed with the Securities and Exchange
                        Commission on April 1, 2003.

                (10.3)* 1999 Service 1st Bancorp Stock Option Plan, Amendment
                        No. 1 thereto, and related forms of Incentive and
                        Nonstatutory Stock Option Agreements entered into with
                        executive officers and directors incorporated by
                        reference from the Registrant's Form S-8, Registration
                        No. 333-107346, filed with the Securities and Exchange
                        Commission on July 25, 2003.

                (10.4)  Agreement dated July 27, 1999 with BancData Solutions,
                        Inc. for service bureau and data processing services
                        incorporated by reference from the Registrant's Form
                        S-4EF, Registration No. 333-104244, filed with the
                        Securities and Exchange Commission on April 1, 2003.

                (10.5)  Agreement with Financial Marketing Services dated
                        February 1, 2000 incorporated by reference from the
                        Registrant's Form S-4EF, Registration No. 333-104244,
                        filed with the Securities and Exchange Commission on
                        April 1, 2003.

                (10.6)* Service 1st Bank 401(k) Profit Sharing Plan and Trust
                        Summary Plan Description, dated January 1, 2000
                        incorporated by reference from the Registrant's Form
                        S-4EF, Registration No. 333-104244, filed with the
                        Securities and Exchange Commission on April 1, 2003.

                (10.7)  Lease agreement dated March 27, 2003, related to 3533
                        Jamison Way, Castro Valley, California 94546,
                        incorporated by reference from the Registrant's Form
                        10-KSB for the year ended December 31, 2003, filed with
                        the Securities and Exchange Commission on March 30,
                        2004.

                (10.8)* John O. Brooks Salary Continuation Agreement dated
                        September10,2003,incorporated by reference from the
                        Registrant's Form 10-KSB for the year ended December 31,
                        2003, filed with the Securities and Exchange Commission
                        on March 30, 2004.

                                       20
<PAGE>

                  (10.9)*  Bryan R. Hyzdu Salary Continuation Agreement dated
                           September 10, 2003, incorporated by reference from
                           the Registrant's Form 10-KSB for the year ended
                           December 31, 2003, filed with the Securities and
                           Exchange Commission on March 30, 2004.

                  (10.10)* Robert E. Bloch Salary Continuation Agreement dated
                           September 10, 2003, incorporated by reference from
                           the Registrant's Form 10-KSB for the year ended
                           December 31, 2003, filed with the Securities and
                           Exchange Commission on March 30, 2004.

                  (10.11)* Patrick Carman Salary Continuation Agreement dated
                           September 10, 2003, incorporated by reference from
                           the Registrant's Form 10-KSB for the year ended
                           December 31, 2003, filed with the Securities and
                           Exchange Commission on March 30, 2004.

                  (10.12)* 2004 Stock Option Plan and Forms of Incentive and
                           Nonstatutory Stock Option Agreements, incorporated by
                           reference from the Registrant's Form S-8,
                           Registration No. 333-116818, filed with the
                           Securities and Exchange Commission on June 24, 2004.

                  (10.13)* John O. Brooks Employment Agreement dated July 15,
                           2004, incorporated by reference from the Registrant's
                           Form 10-QSB, for the quarterly period ended September
                           30, 2004, filed with the Securities and Exchange
                           Commission on November 15, 2004.

                  (10.14)* Bryan R. Hyzdu Employment Agreement dated July 15,
                           2004, incorporated by reference from the Registrant's
                           Form 10-QSB, for the quarterly period ended September
                           30, 2004, filed with the Securities and Exchange
                           Commission on November 15, 2004.

                  (10.15)* Robert E. Bloch Employment Agreement dated July 15,
                           2004, incorporated by reference from the Registrant's
                           Form 10-QSB, for the quarterly period ended September
                           30, 2004, filed with the Securities and Exchange
                           Commission on November 15, 2004.

                  (10.16)* Patrick Carman Employment Agreement dated July 15,
                           2004, incorporated by reference from the Registrant's
                           form 10-QSB, for the quarterly period ended September
                           30, 2004, filed with the Securities and Exchange
                           Commission on November 15, 2004.

                  (10.17)* Shannon Reinard Employment Agreement dated July 15,
                           2004, incorporated by reference from the Registrant's
                           Form 10-QSB, for the quarterly period ended September
                           30, 2004, filed with the Securities and Exchange
                           Commission on November 15, 2004. . (10.18) Fiserv
                           Solutions, Inc. Agreement dated October 7, 2004 for
                           service bureau, data processing, and item processing
                           incorporated by reference from the Registrant's Form
                           10-KSB for the year ended December 31, 2004, filed
                           with the Securities and Exchange Commission on March
                           31, 2005.

                  (14.1)   Code of Ethics, incorporated by reference from the
                           Registrant's Form 10-KSB for the year ended December
                           31, 2003, filed with the Securities and Exchange
                           Commission on March 30, 2004.

                                       21
<PAGE>

                  (21.1)   Registrant's only subsidiary is Service 1st Bank.

                  (31.1)   Certification of Chief Executive Officer pursuant to
                           Section 302 of the Sarbanes-Oxley Act of 2002.

                  (31.2)   Certification of Chief Financial Officer pursuant to
                           Section 302 of the Sarbanes-Oxley Act of 2002.

                  (32.1)   Certification of Service 1ST Bancorp by its Chief
                           Executive Officer and Chief Financial Officer
                           pursuant to Section 906 of the Sarbanes-Oxley Act of
                           2002.

                           *Denotes management compensatory plans or
                           arrangements.

                                       22
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                                         SERVICE 1ST BANCORP

Date: May 10, 2005                       By:  /s/ John O. Brooks
                                              -------------------------------
                                              John O. Brooks
                                              Chief Executive Officer
                                              (Principal Executive Officer)

Date: May 10, 2005                       By:  /s/ Robert E. Bloch
                                              -------------------------------
                                              Robert E. Bloch
                                              Executive Vice President and
                                              Chief financial Officer
                                              (Principal Financial and
                                              Accounting Officer)


                                       23
<PAGE>

                                  EXHIBIT INDEX
                                  -------------


 Exhibit                                                             Sequential
  Number       Description                                           Page Number
---------     --------------                                         -----------

31.1          Certification of Chief Executive Officer pursuant to       25
              Section 302 of the Sarbanes-Oxley Act of 2002.
31.2          Certification of Chief Financial Officer pursuant to       26
              Section 302 of the Sarbanes-Oxley Act of 2002.
32.1          Certification of Service 1st Bancorp by its Chief          27
              Executive Officer and Chief Financial Officer
              pursuant to Section 906 of the Sarbanes-Oxley Act
              of 2002.


                                       24