SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 FORM 10-QSB

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

      For the Quarterly Period Ended September 30, 2004
                                     ------------------

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF1934

      For the Transition Period from _________ to _________

                        Commission File No. 000-50323

                               SERVICE 1st BANCORP
         --------------------------------------------------------------
         (Exact Name of Small Business Issuer specified in its Charter)


        State of California                          32-0061893
 ---------------------------------            ------------------------
   (State or other jurisdiction               (IRS Employer ID Number)
 of incorporation or organization)


 2800 W. March Lane, Suite 120, Stockton, CA              95219
--------------------------------------------            ----------
  (Address of Principal Executive Offices)              (Zip Code)

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

                                      None
  ---------------------------------------------------------------------------
  (Former name, former address and fiscal year, if changed since last report)


Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the 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:

  No par value Common Stock - 1,165,456 shares outstanding as of November 2,
2004



The Index to Exhibits is located on page 22
<PAGE>

Item 1. Financial Statements

                               SERVICE 1ST BANCORP
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

ASSETS                                               09/30/04        12/31/03
                                                 ------------------------------
Cash & due from banks                            $   8,262,778    $   6,484,537
Fed Funds sold                                       4,043,349          155,000
                                                 ------------------------------
   Cash and cash equivalents                        12,306,127        6,639,537

Certificates of deposits with other banks              285,000             --
Securities available-for-sale                       44,228,055       45,460,112
Securities held-to-maturity                            648,833        1,659,233

Loans, net                                          65,542,661       52,500,408

Bank premises and equipment, net                       629,670          717,526
Bank owned life insurance                            2,303,328        2,233,046
Accrued interest and other assets                    1,977,913        1,317,914
                                                 ------------------------------
Total assets                                     $ 127,921,587    $ 110,527,776
                                                 ==============================

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits:
   Noninterest-bearing DDA                       $  20,386,633    $  13,588,553
   Interest-bearing DDA                             63,161,371       45,709,526
   Money market deposit accounts                     5,743,866       11,572,827
   Savings accounts                                  3,068,563        3,834,932
   Certificates of deposit                          25,158,347       26,915,239
                                                 ------------------------------
      Total deposits                               117,518,780      101,621,077
Other borrowings                                       230,948          248,061
Other liabilities                                      711,454          375,867
                                                 ------------------------------

      Total liabilities                            118,461,182      102,245,005

Shareholders' equity:
   Common stock                                     11,012,562       10,915,069
   Accumulated deficit                              (1,478,913)      (2,529,737)
   Accumulated other comprehensive income
   net of tax                                          (73,244)        (102,561)
                                                 ------------------------------
      Total shareholders' equity                     9,460,405        8,282,771
                                                 ------------------------------
      Total liabilities and shareholders'
      equity                                     $ 127,921,587    $ 110,527,776
                                                 ==============================

  The accompanying notes are an integral part of the financial statements.

                                                                    Page 2 of 87
<PAGE>
<TABLE>
<CAPTION>
                                 SERVICE 1ST BANCORP
                            CONSOLIDATED INCOME STATEMENTS
                                     (Unaudited)

                                      For the three months ended   For the nine months ended
                                        09/30/04       09/30/03      09/30/04      09/30/03
                                      -------------------------------------------------------
<S>                                   <C>            <C>           <C>            <C>
Interest income:
   Interest & fees on loans           $ 1,175,010    $   890,822   $ 3,238,520    $ 2,575,480
   Interest on investments                424,042        273,479     1,277,068        706,512
   Interest on federal funds sold           4,413         11,312        15,701         50,529
                                      -------------------------------------------------------
      Total interest income             1,603,465      1,175,553     4,531,289      3,332,521

Interest expense:
   Interest expense on deposits           472,079        399,651     1,344,872      1,151,314
   Interest on borrowings                   8,396            768        15,849          2,515
                                      -------------------------------------------------------
                                          480,475        400,419     1,360,721      1,153,829
                                      -------------------------------------------------------

Net interest income before
provision for loan losses               1,122,990        775,134     3,170,568      2,178,692

Provision for loan losses                  20,000         95,000       125,000        195,000
                                      -------------------------------------------------------

Net interest income after provision
for loan losses                         1,102,990        680,134     3,045,568      1,983,692

Gain on sale of securities                     --          1,902         9,774         20,141

Other income                              278,583        271,882       720,527        589,453

General & administrative expenses:
   Salaries & benefits                    605,320        474,246     1,655,977      1,301,332
   Occupancy & equipment                  139,057        146,644       408,580        403,519
   Other operating                        308,305        200,694       908,403        672,355
                                      -------------------------------------------------------
      Total G & A expenses              1,052,682        821,584     2,972,960      2,377,206
                                      -------------------------------------------------------

Income before income taxes                328,891        132,334       802,909        216,080

Income tax benefit                       (150,000)            --      (250,000)            --
                                      -------------------------------------------------------

   Net income                         $   478,891    $   132,334   $ 1,052,909    $   216,080
                                      =======================================================

Net income per share - basic          $      0.40    $      0.11   $      0.90    $      0.19
                                      =======================================================

Net income per share - diluted        $      0.38    $      0.11   $      0.87    $      0.19
                                      =======================================================
</TABLE>
  The accompanying notes are an integral part of the financial statements.

                                                                    Page 3 of 87
<PAGE>
<TABLE>
<CAPTION>
                                                      SERVICE 1ST BANCORP
                                         CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                                                          (Unaudited)

                                                                                                     Accumulated
                                                   Common Stock                                         Other           Total
                                             -----------------------   Comprehensive   Accumulated  Comprehensive   Shareholders'
                                              Shares        Amount        Income         Deficit        Income         Equity
                                             ------------------------------------------------------------------------------------
<S>                                          <C>        <C>             <C>           <C>             <C>           <C>
Balance January 1, 2003                      1,155,105  $ 10,915,069                  $(2,902,979)    $ 108,307     $ 8,120,397


Comprehensive income

  Net loss                                                              $  373,242        373,242            --         373,242
  Unrealized losses on securities
    net of taxes of $66,299                                               (198,985)            --      (198,985)       (198,985)
   Reclassifacation adjustment
     adjustment for gains included in net
     loss, net of tax of $19,840                                           (11,883)            --       (11,883)        (11,883)
                                                                        ----------


Comprehensive income                                                    $  162,374
                                                                        ==========

                                          --------------------------                  -----------------------------------------
Balance December 31,2003                     1,155,105    10,915,069                   (2,529,737)     (102,561)      8,282,771

Cash Pay in Lieu of Stock Dividend                (149)                                    (2,085)                       (2,085)


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

Comprehensive income
  Net income                                                            $1,052,909      1,052,909                     1,052,909
  Unrealized gains on securities
    net of taxes of $20,596                                                 29,317                       29,317          29,317
                                                                        ----------

Comprehensive income                                                    $1,082,226
                                                                        ==========
                                          --------------------------                  -----------------------------------------
Balances September 30,2004                   1,165,456  $ 11,012,562                  $(1,478,913)    $ (73,244)    $ 9,460,405
                                          ==========================                  =========================================
</TABLE>

  The accompanying notes are an integral part of the financial statements.

                                                                    Page 4 of 87
<PAGE>
<TABLE>
<CAPTION>
                                   SERVICE 1ST BANCORP
                           CONSOLIDATED STATEMENT OF CASH FLOWS
                                       (Unaudited)

                                                              For the nine months ended
                                                            9/30/2004          9/30/2003
                                                          -------------------------------
<S>                                                       <C>                <C>
Operating activities:
  Net income                                              $  1,052,909       $    216,080
  Adjustments to reconcile net income to net cash
   from operating activities:
     Provision for loan losses                                 125,000            195,000
     Depreciation                                              140,481            127,759
     Amortization and accretion on securities                  353,713            443,783
     Gain on sale of securities, net                            (9,774)           (20,141)
     Decrease (Increase) in accrued interest                    34,915            (82,140)
     Increase in other assets                                 (727,523)          (284,050)
     Increase in accrued expenses and other
      liabilities                                              335,587             60,735
                                                          -------------------------------

       Net cash provided by operating activities             1,305,308            535,556

Investing activities:
  Purchases of securities available-for-sale               (23,826,315)       (43,671,512)
  Proceeds from sales of available-for-sale
securities                                                     995,156          4,087,407
  Proceeds from payments, maturities and calls
of available-for-sale securities                            23,781,203         25,197,767
  Proceeds from payments, maturities and calls
of held-to-maturity securities                               1,010,400          1,345,265
  Net increase in loans                                    (13,167,253)        (6,490,537)
  Certificates of deposit with other banks                    (285,000)
  Purchase Bank Owned Life Insurance                           (70,282)         2,218,795
  Purchases of premises and equipment                          (52,625)           (71,495)
                                                          -------------------------------

       Net cash used by investing activities               (11,616,801)       (21,821,900)

Financing activities:
  Net increase in demand and interest-bearing
   deposits, and savings                                    17,654,595         18,062,114
    Cah paid in lieu of stock dividends                          (2085)
  Net increase in time deposits                             (1,756,892)         3,260,891
  Options exercised                                             97,493                 --
  Net change in borrowings                                     (17,113)                --
                                                          -------------------------------

       Net cash provided by financing activities            15,978,083         21,323,005
                                                          -------------------------------

Net increase in cash and cash equivalents                    5,666,590             36,661

Cash and cash equivalents at beginning of period             6,639,537         10,084,700
                                                          -------------------------------

Cash and cash equivalents at end of period                $ 12,306,127       $ 10,121,361
                                                          ===============================

Supplemental disclosures of cash flow information:

  Cash paid during the period for:
   Interest                                               $  1,384,328       $  1,163,405
   Income taxes                                                     --                 --
</TABLE>
  The accompanying notes are an integral part of the financial statements

                                                                    Page 5 of 87
<PAGE>

                              SERVICE 1ST BANCORP
                    NOTES TO UNAUDITED 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, 2003 of the Company's subsidiary Service 1st Bank.
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
September 30, 2004 and the Company's income statements for the three months and
nine months September 30, 2004 and 2003, and the statement of cash flows for the
nine months ended September 30, 2004 and 2003. Operating results for interim
periods are not necessarily indicative of operating results for an entire fiscal
year.

The balance sheet as of December 31, 2003, has been derived from the audited
balance sheet as of that date.

Stock based compensation

SFAS No. 123, "Accounting for Stock-Based Compensation," requires entities to
disclose the fair value of their employee stock options, but permits entities to
account for employee stock options under Accounting Principles Board ("APB")
Opinion No. 25, "Accounting for Stock Issued to Employees." The Company has
determined that it will continue to use the method prescribed by APB Opinion No.
25, which recognizes compensation costs 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.

The exercise price of each option is greater than or equal to the fair market
value of the 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 net income and income per share would have been
changed to the pro forma amounts indicated below.

<TABLE>
<CAPTION>
                                           For the three           For the nine
                                            months ended           months ended
                                        09/30/04    09/30/03    09/30/04     09/30/03
                                       -----------------------------------------------
<S>                                    <C>         <C>         <C>          <C>
Net Income:
As reported                            $  478,891  $  132,334  $ 1,052,909  $  216,080
Stock-Based Compensation using the
  Intrinsic Value Method
Stock-Based Compensation that would
  have been reported using the Fair
  Value Method of SFAS No. 123             (2,689)    (25,087)      (8,067)    (75,261)
                                       -----------------------------------------------

Pro Forma                              $  476,202  $  107,247  $ 1,044,842  $  140,819
                                       ===============================================

Net income per share - basic
  As reported                          $     0.40  $      .11  $       .90  $      .19
  Pro Forma                            $     0.39  $      .09  $       .90  $      .12

Net income per share - diluted
  As reported                          $     0.38  $      .11  $       .87  $      .19
  Pro Forma                            $     0.38  $      .09  $       .87  $      .12
</TABLE>
                                                                    Page 6 of 87
<PAGE>

                               SERVICE 1ST BANCORP
                     NOTES TO UNAUDITED FINANCIAL STATEMENTS

NOTE 2:  EARNINGS PER SHARE (EPS)

Basic EPS excludes dilution and is computed by dividing income available to
common shareholders' by the weighted-average number of common shares outstanding
for the period. Diluted EPS reflects the potential dilution that could occur if
securities 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 earnings of the entity as of September 30, 2004 and 2003.


NOTE 3:  INVESTMENT SECURITIES

Securities are classified in three categories and accounted for as follows: debt
and equity securities that the Company has the positive intent and ability to
hold to maturity are classified as held-to-maturity and are measured at
amortized cost; debt and equity securities bought and held principally for the
purpose of selling in the near term are classified as trading securities and are
measured at fair value, with unrealized gains and losses included in earnings;
debt and equity securities not classified as either held-to-maturity or trading
securities are deemed available-for-sale and are measured at fair value, with
unrealized gains and losses, net of applicable taxes reported in a separate
component of stockholders' equity. Any gains or losses on sales of investments
are computed on a specific identification basis.

The amortized cost and fair values of investment securities available-for-sale
at September 30, 2004 were:

<TABLE>
<CAPTION>
                                                          Gross       Gross    Estimated
                                           Amortized   Unrealized   Unrealized    Fair
                                              Cost        Gains       Losses     Value
                                          -----------------------------------------------
<S>                                       <C>          <C>          <C>        <C>
Obligations of U.S. Government Agencies   $19,472,049  $  24,808    (100,429)  19,396,428

State and public subdivisions                 125,000      4,310          --      129,310

Asset backed-securities                     4,394,050     35,632      (6,301)   4,423,381

Mortgage backed-securities                 20,361,647     45,727    (128,438)  20,278,936
                                          -----------------------------------------------
                                          $44,352,746  $ 110,477   $(235,168) $44,228,055
                                          ===============================================
</TABLE>

The amortized cost and fair values of investment securities held-to-maturity at
September 30, 2004 were:
<TABLE>
<CAPTION>

                                                          Gross       Gross    Estimated
                                           Amortized   Unrealized   Unrealized    Fair
                                              Cost        Gains       Losses     Value
                                          -----------------------------------------------
<S>                                       <C>          <C>          <C>        <C>
Asset backed-securities                   $    49,946  $   6,240   $      --  $   309,536

Mortgage backed-securities                    345,537     13,279        (146)     358,670
                                          -----------------------------------------------
                                          $   698,779  $  19,519   $    (146) $   668,206
                                          ===============================================
</TABLE>

                                                                    Page 7 of 87
<PAGE>

                              SERVICE 1ST BANCORP
                    NOTES TO UNAUDITED FINANCIAL STATEMENTS

NOTE 4:  LOANS AND ALLOWANCE FOR LOAN LOSSES

Service 1st Bank's customers are primarily located in San Joaquin County.
Approximately 71% of the Bank's loans are for real estate and construction loans
and approximately 21% of the Bank's loans are for general commercial users
including professional, retail, and small businesses. Consumer loans make up
approximately 3% of the loan portfolio with agriculture loans making up the
remaining 5%. Generally, real estate loans are collateralized by real property
while commercial and other loans are collateralized by funds on deposit,
business or personal assets. Repayment is generally expected from the sale of
property for real estate loans and cash flows of the borrowers for other loans.

Major classifications of loans were:

                                     9/30/2004      12/31/2003
                                   ----------------------------

Real estate                        $ 48,221,274    $ 37,564,352
Commercial                           14,215,348      11,278,955
Agricultural                          2,316,179       2,869,187
Consumer                              1,985,407       1,785,920
All other (including overdrafts)         19,722          46,887
                                   ----------------------------
                                     66,757,930      53,545,301
Deferred loan fees and costs           (252,269)       (206,893)
Allowance for loan losses              (963,000)       (838,000)
                                   ----------------------------
   Total net loans                 $ 65,542,661    $ 52,500,408
                                   ============================

                                                                  Page 8 of 87
<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 and the war in Iraq; (5)
changes in the regulatory environment; (6) changes in business conditions and
inflation;  (7) changes in securities markets; (8) data processing compliance
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, 2003, 2004 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 Background
-------------------

      Service 1st Bancorp (the "Company") commenced operations on June 26,
2003 with the acquisition of Service 1st Bank (the "Bank") as its
wholly-owned subsidiary.  Each share of Bank stock was converted into one
share of stock in the Company.  The Bank commenced operations on November 10,
1999.  The Bank operates full-service branch offices in the cities of
Stockton and Tracy, California and a loan production office in Castro Valley,
California. The focus of the Bank's business plan is to provide general
commercial banking services primarily to small-to-medium size businesses,
professionals, and members of the professional community. The Bank offers a
wide range of deposit accounts, loan types, and specialized services.

      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, 2003.

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 Company'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 following are critical
accounting policies:

      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 is 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

                                                                    Page 9 of 87
<PAGE>

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, "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.

Summary of Financial Condition
------------------------------

      The Company's total consolidated assets increased 15.7% from December
31, 2003 to September 30, 2004. As of September 30, 2004, total consolidated
assets were $127,921,587 compared to $110,527,776 as of December 31, 2003.
The increase in growth is from increased customer recognition and market
acceptance of the Liquid Gold Checking account and Municipal Investment
Account.

      Total net loans at September 30, 2004 were $65,542,661 compared to
$52,500,408 at December 31, 2003.  This represents an increase in net loans
of 24.8% from December 31, 2003.  The increase in loans represents
management's continued success at attracting new loan customers.

      Total investment securities at September 30, 2004 were $44,876,888
compared to $47,119,345 at December 31, 2003.  The decrease in investments
from December 31, 2003 was $2,242,457.

      Total deposits were $117,518,780 at September 30, 2004 compared to
$101,621,077 at December 31, 2003.  This growth in deposits was primarily an
increase in the Bank's Liquid Gold Checking Account and Municipal Investment
Account.  Liquid Gold Checking Accounts grew to $37,873,608 at September 30,
2004 compared to $34,975,926 at December 31, 2003.  The Municipal Investment
Account at September 30, 2004 was $23,295,490 compared to $9,050,875 at
December 31, 2003.  Noninterest-bearing DDA accounts increased from
$13,588,553 at December 31, 2003 to $20,386,633 at September 30, 2004.

Results of Operations
---------------------

      Consolidated net income for the three months ended September 30, 2004
was $478,891 compared to $132,334 for the same period during 2003.
Consolidated net income for the nine months ended September 30, 2004 was
$1,052,909 compared to $216,080 for the same period during 2003.  Basic net
income per share for the three months ended September 30, 2004 was $0.40 and
diluted net income per share was $0.38.  The basic and diluted income per
share for the third quarter of September 30, 2003 was $.011. Basic net income
per share for the nine months ended September 30, 2004 was $0.90 and diluted
net income per share was $.87.  The basic and diluted income per share for
the nine months ended of 2003 was $00.19. The favorable improvement in the
Company's operations for the three months and nine months ended September 30,
2004 reflects the income that the Bank has been able to generate from an
increase in loan and investment income, increased fees on deposit accounts,
premiums received on loans sold, and loan servicing fees as well as
recognition of tax benefits related to prior operating losses.   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.

                                                                 Page 10 of 87
<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 three months ended September 30, 2004 and 2003.
<TABLE>
<CAPTION>
                                                   September 30, 2004                        September 30, 2003
                                        --------------------------------------      -------------------------------------
                                                                      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              $    111,521   $      378                   $        --   $       --     $    --
 Investment securities                    46,754,686      423,664      3.60%         39,416,119      273,419        2.75%
 Federal funds sold                        1,158,419        4,413      1.51%          4,552,186       11,312        0.99%
 Loans (1) (2)                            66,640,395    1,175,010      7.00%         49,349,543      890,822        7.16%
                                        -------------------------                   ------------------------
    Total interest-earning assets        114,665,021    1,603,465      5.55%         93,279,455    1,175,553        5.00%

 Allowance for possible loan losses         (957,073)                                  (715,661)
 Cash and due from banks                   7,426,860                                  4,441,529
 Bank premises and equipment                 656,850                                    756,962
 Accrued interest receivable                 531,169                                    371,840
 Other assets                              3,964,838                                    428,361
                                        ------------                                -----------
    Total assets                        $126,287,665                                $98,562,486
                                        ============                                ===========

 Interest-Bearing Liabilities:
 Demand deposits                        $ 64,185,376      246,085      1.52%        $44,183,331      196,792        1.77%
 Savings & money market accounts           7,717,465       14,408      0.74%          9,138,079       20,512        0.89%
 Time Deposits                            24,691,164      211,586      3.40%         23,194,658      182,347        3.12%
 Other borrowings                          1,660,666        8,396      2.01%            129,841          768        2.35%
                                        -------------------------                   ------------------------
    Total interest-bearing liabilities    98,254,671      480,475      1.94%         76,645,909      400,419        2.07%
                                                       ----------                                 ----------

 Non-interest bearing demand deposits     18,431,810                                 13,474,028
 Other Liabilities                           936,000                                    329,175
                                        ------------                                -----------
    Total liabilities                    117,622,481                                 90,449,112
 Shareholders' equity                      8,665,184                                  8,113,374
                                        ------------                                -----------
    Total liabilities and
     shareholders' equity               $126,287,665                                $98,562,486
                                        ============                                ===========
 Net interest income                                   $1,122,990                                 $  775,134
                                                       ==========                                 ==========
 Net interest margin on average
  interest earning assets (3)                                          3.90%                                        3.30%
</TABLE>
 1. Average loan balances include average deferred loan fees of $233,090 and
    $191,094 for the three month periods ending September 30, 2004 and 2003,
    respectively.
 2. Interest on loans includes fees of $94,168 and $25,011 for the three month
    periods ending September 30, 2004 and 2003, 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.

                                                                   Page 11 of 87
<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 nine months ended September 30, 2004 and 2003.
<TABLE>
<CAPTION>
                                                   September 30, 2004                        September 30, 2003
                                        --------------------------------------      -------------------------------------
                                                                      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              $     37,445   $      378      1.35%        $        --   $       --        0.00%
 Investments                              49,584,363    1,276,690      3.44%         32,428,575      706,512        2.91%
 Federal funds sold                        1,887,465       15,701      1.11%          5,813,563       50,529        1.16%
 Loans (1) (2)                            61,226,057    3,238,520      7.07%         46,982,482    2,575,480        7.33%
                                        -------------------------                   ------------------------
    Total interest-earning assets        112,735,330    4,531,289      5.37%         85,224,620    3,332,521        5.23%

 Allowance for possible loan losses         (904,906)                                  (651,534)
 Cash and due from banks                   6,561,585                                  5,279,284
 Bank premises and equipment                 683,693                                    769,803
 Accrued interest receivable                 528,928                                    353,476
 Other assets                              3,668,655                                    419,281
                                        ------------                                -----------
    Total assets                        $123,273,285                                $91,394,930
                                        ============                                ===========

 Interest Bearing Liabilities:
 Demand deposits                        $ 59,426,555      681,291      1.53%        $34,565,831      528,941        2.05%
 Savings & money market accounts          10,712,051       65,971      0.82%          9,990,319       80,232        1.07%
 Time Deposits                            25,179,411      597,610      3.17%         22,711,697      542,141        3.19%
 Other borrowings                            806,457       15,849      2.63%             65,965        2,515        5.10%
                                        -------------------------                   ------------------------
    Total interest-bearing liabilities    96,124,474    1,360,721      1.89%         67,333,812    1,153,829        2.29%
                                                       ----------                   ------------------------
 Non-interest bearing demand deposits     17,823,384                                 15,548,817
 Other Liabilities                        636,263.00                                    361,220
                                        ------------                                -----------
    Total liabilities                    114,584,121                                 83,243,849
 Shareholders' equity                      8,689,164                                  8,151,081
                                        ------------                                -----------
    Total liabilities and
     shareholders' equity               $123,273,285                                $91,394,930
                                        ============                                ===========
 Net interest income                                   $3,170,568                                 $2,178,692
                                                       ==========                                 ==========
 Net interest margin on average
  interest earning assets (3)                                          3.76%                                        3.42%
</TABLE>
 1. Average loan balances include average deferred loan fees of $235,050 and
    $144,398 for the nine month periods ending September 30, 2004 and 2003,
    respectively.
 2. Interest on loans includes fees of $109,278 and $97,398 for the nine month
    periods ending September 30, 2004 and 2003, 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.

                                                                 Page 12 of 87
<PAGE>

      Net interest income for the three months ended September 30, 2004 was
$1,122,990 compared to $775,134 for 2003.  Average interest-earning assets
for the three months ended September 30, 2004 was $114,665,021 compared to
$93,279,455 during the same three months of 2003  The yield earned on average
interest-earning assets during the third quarter of 2004 was 5.55% compared
to 5.00% during the third quarter of 2003.   The average rate paid on
interest bearing-liabilities decreased from 2.07% for the third quarter of
2003 to 1.94% during the third quarter of 2004.  Net interest income for the
nine months ended September 30, 2004 was $3,170,568 compared to $2,178,692
for 2003.  Average interest-earning assets for the nine months ended
September 30, 2004 was $112,735,330 compared to $85,224,620 during the same
nine months of 2003  The yield earned on average interest-earning assets
during the nine months ended September 30, 2004  was 5.37% compared to 5.23%
during the same period of 2003.   The average rate paid on interest
bearing-liabilities for the nine months ended September 30, 2004 was 1.89%
compared to 2.29% for the same period of 2003.  The decline in rates paid on
deposits and earned on loans was a result of the Federal Reserve Bank cutting
interest rates over the last three years to stimulate the economy. The lower
interest rates caused the yields to decline on loans, Federal Funds sold, and
deposits.  On June 30, 2004, the Federal Reserve Bank increased interest
rates on the target for federal funds from 1.00% to 1.25%, on August 10, 2004
they increased the interest rate to 1.50%, and on September 21, 2004 they
increased interest rates to 1.75%.  Total average interest-bearing
liabilities for the three months ended September 30, 2004 increased to
$98,254,761 from $76,645,909 for the same period of 2003.  Total average
interest-bearing liabilities for the nine months ended September 30, 2004
increased to $96,124,474 from $67,333,812 for the same period of 2003.

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 71% of
total loans outstanding at September 30, 2004.  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 September 30,
2004 was $20,000 compared to $95,000 during the same quarter of 2003.  The
provision of loan losses for the nine months ended September 30, 2004 was
$125,000 compared to $195,000 for the previous period in 2003.  At September
30, 2004, the allowance for loan losses was $963,000 compared to $838,000 at
December 31, 2003.  The ratio of allowance for loan losses to gross loans was
1.44% at September 30, 2004 compared to 1.57% at December 31, 2003.  The

                                                                 Page 13 of 87
<PAGE>

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.

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 Nine Months Ended September 30,
                                                2004                 2003
                                             -----------         -----------
Outstanding Loans:
  Average for the Period                     $61,226,057         $46,982,482
  End of the Period                          $66,505,661         $51,732,145
Allowance For Loan Losses:
Balance at Beginning of Year                 $   838,000         $   598,000
Actual Charge-Offs:
  Commercial                                          --                  --
  Consumer                                            --              10,000
  Real Estate                                         --                  --
                                             -----------         -----------
Total Charge-Offs                                     --              10,000
Less Recoveries:
  Commercial                                          --                  --
  Consumer                                            --                  --
  Real Estate                                         --                  --
                                             -----------         -----------
Total Recoveries                                      --                  --
                                             -----------         -----------
Net Loans Charged-Off                                 --                  --
Provision for Loan Losses                        125,000             195,000
                                             -----------         -----------
Balance at End of Period                     $   963,000         $   783,000
                                             ===========         ===========
Ratios:
  Net Loans Charged-Off to Average Loans               0%                .02%
  Allowance for Loan Losses to Total Loans          1.44%               1.57%
  Net Loans Charged-Off to Beginning
   Allowance for Loan Losses                           0%               1.67%
  Net Loans Charged-Off to Provision for
   Loan Losses                                         0%               5.13%
  Allowance for Loan Losses to
   Nonperforming Loans                              8.60%              74.63%


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 $82,806 at
September 30, 2004 and $1,049,138 at September 30, 2003 and $699,000 at
December 31, 2003.

      At  September  30,  2004  there were loans  totaling  $82,806  that were
considered  impaired or troubled debt  restructurings  compared to $699,000 at
December 31, 2003,  and  $1,049,138  at September  30, 2003.  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  September  30,  2004 or
December 31, 2003.  Management  is not aware of any potential  problem  loans,
which were  accruing and current at  September  30, 2004 or December 31, 2003,

                                                                 Page 14 of 87
<PAGE>
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 September  30, 2004 and December
31, 2003.

Noninterest Income
------------------

      Noninterest  income for the three  months ended  September  30, 2004 was
$278,583  compared  to  $271,882  for the same  period  during  2003.  Service
charges and other  income for the three months  ended  September  30, 2004 was
$60,394  compared  to $44,554  for 2003.  Service  charges for the nine months
ended September 30, 2004 was $158,077  compared to $98,447 for the nine months
ended  September  30, 2003.  The increase in service  charges and other income
was from the  growth  in the  number  of  deposit  accounts.  The Bank  offers
loans on single family homes  through a first party lender.  The Bank receives
fees for the packaging of the loans  provided to the first party  lender.  The
loans are funded by and become assets of the first party  lender.  The fees on
residential  first trust deeds for the three months ended  September  30, 2004
were  $40,082  compared  to $69,877  in 2003.  The fees on  residential  first
trust  deeds for the nine  months  ended  September  30,  2004  were  $116,338
compared to $151,922 in 2003.  During  2003,  the  refinance  market for loans
was strong.  The  refinance  demand has  declined in 2004 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  September  30,
2004 were $113,685  compared to $122,671  during the same period in 2003.  The
premium on loans sold was  $287,706 for the nine months  ended  September  30,
2004 compared to $258,997.

Noninterest Expense
-------------------

      Salaries and employee  benefits for the three months ended September 30,
2004 was $605,320  compared to $474,246  for the three months ended  September
30, 2003.  Salaries and employee  benefits for the nine months ended September
30, 2004 was  $1,655,977  compared to $1,301,332  for the period of 2003.  The
increase  in  salaries  and  employee  benefits  during  2004 was a result  of
bonuses,  retirement benefits,  and additional employees.  Accrued bonuses for
the three months ended  September  30, 2004 was $101,769 and the bonus accrual
for the nine  months  ended  September  30, 2004 was  $191,885.  There were no
bonuses  accrued  during  2003.  In  July  2003,  the  Company  established  a
retirement  plan for certain key executives.  The Company  accrued  retirement
expense of $58,896 for the three months ended  September  30, 2004 compared to
$36,789 for the same period during 2003.  For the nine months ended  September
30, 2004,  the Company  accrued  $132,859.35  compared to $36,789 for the same
period of 2003.  The  additional  increase in salaries and  employee  benefits
reflects an increase in staff as a result of the growth in the Company.

      Occupancy and equipment  expense was $139,057 for the three months ended
September  30,  2004  compared to $146,645  for the same period  during  2003.
Occupancy  and  equipment  expense  was  $408,580  for the nine  months  ended
September 30, 2004 compared to $403,520 for the same period during 2003.

      Other  operating  expenses,   primarily  comprised  of  marketing,  data
processing,  professional fees, and other expenses, for the three months ended
September  30, 2004 were  $308,305  compared to $200,694  for the three months
ended September 30, 2003.  Other operating  expenses for the nine months ended
September  30, 2004 were  $908,403  compared  to  $672,3554.  The  increase in
other expenses was commensurate with the growth of the Bank.

Capital Resources
-----------------

      Total shareholders' equity at September 30, 2004 was $9,460,405
compared to $8,282,771 at December 31, 2003.  The increase was primarily from
the net income  for the nine months ended September 30, 2004.  One officer
and a director exercised options during the third quarter.  The shares issued
for the options exercised were 10,500 with cash of $97,493paid to the Company.

      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

                                                                 Page 15 of 87
<PAGE>

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.

The following table shows the Company's and the Bank's actual capital amounts
and ratios at September 30, 2004 and December 31, 2003 as well as the minimum
capital ratios for capital adequacy under the regulatory framework:
<TABLE>
<CAPTION>
                                                                                        To Be Categorized
                                                                                         Well Capitalized
                                                                                             Under
                                                                     For Capital        Prompt Corrective
                                                  Actual:        Adequacy Purposes:     Action Provisions:
Company                                     Amount     Ratio       Amount    Ratio       Amount     Ratio
                                            -------    -----      -------    -----      -------     -----
<S>                                         <C>         <C>       <C>         <C>       <C>          <C>
As of September 30, 2004
------------------------
Total Capital (to Risk Weighted Assets):    $10,519     12.4%     $ 6,792     8.00%        N/A
Tier 1 Capital (to Risk Weighted Assets):   $ 9,521     11.2%     $ 3,396     4.00%        N/A
Tier 1 Capital (to AverageAssets):          $ 9,521      7.6%     $ 5,034     4.00%        N/A

As of December 31, 2003
-----------------------
Total Capital (to Risk Weighted Assets):    $ 9,214     13.0%     $ 5,686     8.00%        N/A
Tier 1 Capital (to Risk Weighted Assets):   $ 8,376     11.8%     $ 2,843     4.00%        N/A
Tier 1 Capital (to Average Assets):         $ 8,376      7.4%     $ 4,541     4.00%        N/A

Bank
As of September 30, 2004
------------------------
Total Capital (to Risk Weighted Assets):    $10,767     12.7%     $ 6,792     8.00%     $ 8,489     10.00%
Tier 1 Capital (to Risk Weighted Assets):   $ 9,769     11.5%     $ 3,396     4.00%     $ 5,094      6.00%
Tier 1 Capital (to Average Assets):         $ 9,769      7.8%     $ 5,033     4.00%     $ 6,292      5.00%

As of December 31, 2003
-----------------------
Total Capital (to Risk Weighted Assets):    $ 9,182     12.9%     $ 5,686     8.00%     $ 7,107     10.00%
Tier 1 Capital (to Risk Weighted Assets):   $ 8,344     11.7%     $ 2,843     4.00%     $ 4,264      6.00%
Tier 1 Capital (to Average Assets):         $ 8,344      7.4%     $ 4,541     4.00%     $ 5,677      5.00%
</TABLE>
The Bank meets the "well capitalized" capital ratio measures at both
September 30, 2004 and December 31, 2003; however, the Company has committed
to raise $3 to $5 million in additional Tier 1 capital by year-end to achieve
a leverage ratio of 8.5% or higher, in accordance with a capital plan adopted
in response to the Company's asset growth and directives by the California
Department of Financial Institutions and the FDIC. The capital will be raised
in a private placement of common stock primarily to accredited investors
during the fourth quarter of 2004.

                                                                 Page 16 of 87
<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 Federal Home Loan Bank of San Francisco totaling
$24,700,000.  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 September 30, 2004 and 2003.

Off-Balance Sheet Items
-----------------------

      As of September  30, 2004 and December 31, 2003,  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  $23,774,682  and
$20,558,000 at September 30, 2004 and December 31, 2003,  respectively.   As a
percentage  of net loans these  off-balance  sheet items  represent  35.6% and
39.2%, 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

                                                                 Page 17 of 87
<PAGE>

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.

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 September 30,
2004.  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 September 30, 2004, 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

                                                                   Page 18 of 87
<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, 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.

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

         (10.1) Lease agreement dated May 3, 2003, related to 2800 W. 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 W. 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) Dennis A. Reed (Senior Vice President/Senior Real Estate
         Officer) Employment Agreement dated January 22, 2003, 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.

         (10.8) John A. Montalbo (Senior Vice President/SBA Department Manager)
         Employment Agreement dated March 18, 2003, 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.

         (10.9) 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, filed with the Securities and Exchange
         Commission on March 30, 2004.

                                                                   Page 19 of 87
<PAGE>

         (10.10)* John O. Brooks Salary Continuation Agreement dated
         September10, 2003, incorporated by reference from the Registrant's Form
         10-KSB, filed with the Securities and Exchange Commission on March 30,
         2004. . (10.11)* Bryan R. Hyzdu Salary Continuation Agreement dated
         September 10, 2003, incorporated by reference from the Registrant's
         Form 10-KSB, filed with the Securities and Exchange Commission on March
         30, 2004.

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

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

         (10.14)* John O. Brooks Employment Agreement dated July 15, 2004.

         (10.15)* Bryan R. Hyzdu Employment Agreement dated July 15, 2004.

         (10.16)* Robert E. Bloch Employment Agreement dated July 15, 2004.

         (10.17)* Patrick J. Carman Employment Agreement dated July 15, 2004.

         (10.18)* Shannon Reinard Employment Agreement dated July 15, 2004.

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

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

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

         (31.2) Certifications 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.

                                                                   Page 20 of 87
<PAGE>

                                  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 thereunto duly authorized.


                              Service 1st Bancorp

Date:  November 12, 2004      /s/ JOHN O. BROOKS
                              ----------------------------------------
                              John O. Brooks, Chief Executive Officer




Date:  November 12, 2004      /s/ ROBERT E. BLOCH
                              ----------------------------------------
                              Robert E. Bloch, Chief Financial Officer

                                                                 Page 21 of 87
<PAGE>

                              EXHIBIT INDEX

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

10.14     John O. Brooks Employment Agreement dated July 15, 2004         23

10.15     Bryan R. Hyzdu Employment Agreement dated July 15, 2004         36

10.16     Robert E. Bloch Employment Agreement dated July 15, 2004        49

10.17     Patrick J. Carman Employment Agreement dated July 15, 2004      62

10.18     Shannon Reinard Employment Agreement dated July 15, 2004        74

31.1      Certifications of Chief Executive Officer pursuant
          to Section 302 of the Sarbanes-Oxley Act of 2002.               85

31.2      Certifications of Chief Financial Officer pursuant
          to Section 302 of the Sarbanes-Oxley Act of 2002                86

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.               87

                                                                 Page 22 of 87