UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                         ______________________________

                                   FORM 10-QSB
(Mark One)

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

     For the Quarterly Period Ended March 31, 2003

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

     For the transition period from _________ to _________


                         Commission File Number 0-50322


                          COMMUNITY FIRST BANCORP, INC.
--------------------------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its Charter)

             Maryland                                           36-4526348
 ------------------------------                              -------------------
(State or other jurisdiction of                                (IRS Employer
 incorporation or organization)                              Identification No.)

               240 South Main Street, Madisonville, Kentucky 42431
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (270) 821-7211
--------------------------------------------------------------------------------
                           (Issuer's telephone number)


                                 Not applicable
--------------------------------------------------------------------------------
              (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  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
           ---        ---

         As of March 31, 2003, there were no shares of the  Registrant's  common
stock, par value $.01 per share, outstanding.

         Transitional Small Business Issuer Disclosure Format (check one):

               Yes     X  No
           ---        ---
                                   * * * * * *

NOTE: On May 14, 2003, the Registrant's  Registration Statement on Form SB-2 was
declared effective by the Securities and Exchange  Commission.  The Registration
Statement and the related  Prospectus which formed a part thereof related to the
offering of the Registrant's common stock in connection with the conversion from
mutual to stock form (the  "Conversion")  of Community  First Bank (the "Bank").
Upon  consummation  of the Conversion on June 26, 2003, the Bank became a wholly
owned  subsidiary  of the  Registrant,  and the  Registrant  closed  the  public
offering of its common  stock.  The  Registrant  had not engaged in any business
prior to the  consummation  of the  Conversion.  The Registrant did not have any
material assets or liabilities prior to the consummation of the Conversion.  The
information  presented  in this  Form  10-QSB  therefore  relates  solely to the
business conducted by the Bank.

                                       1
<PAGE>

                              COMMUNITY FIRST BANK

                             Madisonville, Kentucky

                                      INDEX

                                                                            Page
                                                                            ----

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

Statements of Condition as of March 31, 2003
         and December 31, 2002 (Unaudited)                                     3
Statements of Income - (Unaudited) for the
         three months ended March 31, 2003 and 2002                            4
Statements of Cash Flows - (Unaudited) for the
         three months ended March 31, 2003 and 2002                            5
Notes to Financial Statements (Unaudited)                                      7

Item 2.  Management's Discussion and Analysis
                  or Plan of Operation                                         9

Item 3.  Controls and Procedures                                              12

PART II. OTHER INFORMATION

Item 2.  Changes in Securities                                                13

Item 6.  Exhibits and Reports on Form 8-K                                     13

Signatures and Certifications                                                 14


<PAGE>

ITEM 1.  FINANCIAL STATEMENTS


                              COMMUNITY FIRST BANK

                             STATEMENTS OF CONDITION
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                        March 31,    December 31,
                                                          2003            2002
                                                     ------------    ------------
<S>                                                <C>             <C>
                                 Assets
Cash and cash equivalents:
    Cash and due from banks                          $    730,630    $    733,126
    Interest-bearing deposits in other banks              534,300            --
    Time deposits                                          25,000          25,000
                                                     ------------    ------------
        Total cash and cash equivalents                 1,289,930         758,126
Investment securities held-to-maturity                  1,889,606       1,901,750
Loans, net of unearned interest                        27,866,040      25,815,638
Allowance for loan losses                                (124,282)       (105,868)
Accrued interest receivable                               141,047         135,220
Premises and equipment, net                               766,208         772,662
Foreclosed real estate                                       --            17,000
Stock in Federal Home Loan Bank, at cost                  640,300         634,100
Other assets                                               65,033          56,197
                                                     ------------    ------------

        Total assets                                 $ 32,533,883    $ 29,967,825
                                                     ============    ============

                         Liabilities and Equity
Liabilities:
    Deposits                                         $ 30,634,314    $ 28,128,252
    Accrued interest payable and other liabilities
                                                           92,517          90,707
                                                     ------------    ------------

        Total liabilities                              30,726,831      28,218,959
                                                     ------------    ------------

Commitments and contingencies                                  --              --
                                                     ------------    ------------

Association equity:
    Retained earnings - substantially
      restricted                                        1,807,052       1,748,866
                                                     ------------    ------------

        Total equity                                    1,807,052       1,748,866
                                                     ------------    ------------

        Total liabilities and equity                 $ 32,533,883    $ 29,967,825
                                                     ============    ============
</TABLE>

                       See notes to financial statements.

                                       3
<PAGE>

                              COMMUNITY FIRST BANK

                              STATEMENTS OF INCOME

               For the three months ended March 31, 2003 and 2002
                                   (Unaudited)

                                                   Three Months Ended
                                                        March 31,
                                                  ---------------------
                                                     2003        2002
                                                  ---------   ---------
Interest income:
    Interest and fees on loans                    $ 483,545   $ 397,857
    Interest on investment securities                28,811      53,635
    Federal Home Loan Bank dividends                  6,254          --
                                                  ---------   ---------

        Total interest income                       518,610     451,492
                                                  ---------   ---------

Interest expense:
    Interest on deposits                            194,862     246,130
    Interest on Federal Home Loan Bank advances       2,424       5,225
    Interest on other borrowings                         --          --
                                                  ---------   ---------

        Total interest expense                      197,286     251,355
                                                  ---------   ---------

        Net interest income                         321,324     200,137

    Provision for loan losses                        19,000       2,200
                                                  ---------   ---------

        Net interest income after provision for
            loan losses                             302,324     197,937
                                                  ---------   ---------

Other income:
    Service charges and fees                         33,414      24,726
    Loss on sale of fixed assets                         --      (3,600)
    Insurance commissions and premiums                1,866       2,208
    Other income                                      7,838      15,463
                                                  ---------   ---------
                                                     43,118      38,797
                                                  ---------   ---------
Other expenses:
    Compensation and benefits                       119,455     110,614
    Directors fees                                   10,800      10,800
    Occupancy expense                                31,374      23,214
    Insurance premiums                                5,628       2,397
    Data processing                                  39,383      37,587
    Advertising                                      18,055      16,382
    Office supplies and postage                      14,360       8,729
    Payroll and other taxes                          17,133       7,746
    Professional fees                                 7,236       9,932
    Other operating expenses                         23,832      23,041
                                                  ---------   ---------
                                                    287,256     250,442
                                                  ---------   ---------

Income (loss) before income taxes                    58,186     (13,708)
Income tax expense                                       --          --
                                                  ---------   ---------

Net income (loss)                                 $  58,186   $ (13,708)
                                                  =========   =========

                       See notes to financial statements.

                                       4
<PAGE>

                              COMMUNITY FIRST BANK

                            STATEMENTS OF CASH FLOWS

               For the three months ended March 31, 2003 and 2002
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                 Three Months Ended
                                                                      March 31,
                                                             --------------------------
                                                                 2003           2002
                                                             -----------    -----------
<S>                                                        <C>            <C>
Cash flows from operating activities:
    Net income (loss)                                        $    58,186    $   (13,708)
    Adjustments to reconcile net income (loss) to net
      cash provided (used) by operating activities:
        FHLB stock dividend                                       (6,200)        (6,700)
        Provision for loan losses                                 19,000          2,200
        Depreciation, amortization and accretion                  12,000          8,764
        Loss on sale of fixed assets                                  --          3,600
        Loss on sale of foreclosed assets                             --             20
        Change in assets and liabilities:
            Accrued interest receivable and other assets         (14,664)       (20,939)
            Accrued interest payable and other liabilities         1,810        (18,974)
                                                             -----------    -----------
                Net cash provided (used) by
                  operating activities                            70,132        (45,737)
                                                             -----------    -----------
Cash flows from investing activities:
    Net increase in loans                                     (2,050,988)       113,611
    Proceeds from maturities/calls of held-to-maturity
      securities                                                  12,144        774,348
    Proceeds from sale of foreclosed assets                           --          1,680
    Purchases of premises and equipment                           (5,546)      (100,725)
                                                             -----------    -----------
                Net cash provided (used) by
                  investing activities                        (2,044,390)       788,914
                                                             -----------    -----------
Cash flows from financing activities:
    Net increase in deposits                                   2,506,062        976,714
    Payments on short-term borrowings                         (1,000,000)    (1,000,000)
    Proceeds from short-term borrowings                        1,000,000      1,000,000
                                                             -----------    -----------
                Net cash provided by financing activities      2,506,062        976,714
                                                             -----------    -----------

Net increase in cash and cash equivalents                        531,804      1,719,891
Cash and cash equivalents, beginning of period                   758,126      2,306,937
                                                             -----------    -----------
Cash and cash equivalents, end of period                     $ 1,289,930    $ 4,026,828
                                                             ===========    ===========
</TABLE>

                       See notes to financial statements.

                                       5
<PAGE>

                              COMMUNITY FIRST BANK

                       STATEMENTS OF CASH FLOWS, Continued

               For the three months ended March 31, 2003 and 2002
                                   (Unaudited)



                                                            Three Months Ended
                                                                March 31,
                                                        ----------------------
                                                           2003         2002
                                                        ----------  ----------
Supplemental Disclosures:
Cash paid for interest                                  $  196,695  $  319,566
                                                        ==========  ==========

Noncash Transactions:
Federal Home Loan Bank Stock dividend received          $    6,200  $    6,700
                                                        ==========  ==========
Loans transferred to foreclosed real estate             $       --  $    7,400
                                                        ==========  ==========
Loans to facilitate the sale of foreclosed real estate  $       --  $   15,300
                                                        ==========  ==========


                       See notes to financial statements.

                                       6
<PAGE>

                             COMMUNITY FIRST BANK

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

1.       COMMUNITY FIRST BANCORP, INC.

         Community First Bancorp,  Inc. (the "Company") was  incorporated  under
         the laws of the State of  Maryland  for the  purpose  of  becoming  the
         holding company of Community First Bank (the "Bank") in connection with
         the Bank's conversion from a federally chartered mutual savings bank to
         a federally  chartered stock savings bank. On May 23, 2003, the Company
         commenced a subscription  offering of its shares in connection with the
         Bank's  conversion.  The Company's  offering and the Bank's  conversion
         closed on June 26, 2003. A total of 277,725  shares were sold at $10.00
         per share. Prior to consummation of the conversion,  the Company had no
         assets or  liabilities,  and as of March 31,  2003,  no shares had been
         issued.

2.       BASIS OF PRESENTATION

         The  accompanying  unaudited  financial  statements  were  prepared  in
         accordance  with  instructions  for Form 10-QSB and  therefore,  do not
         include all  disclosures  necessary for a complete  presentation of the
         statement of financial condition,  statement of income and statement of
         cash flows in conformity with generally accepted accounting principles.
         However,  all  adjustments  (all of  which  are of a  normal  recurring
         nature) which are, in the opinion of management, necessary for the fair
         presentation  of the interim  financial  statements have been included.
         The  statement  of income  for  periods  presented  is not  necessarily
         indicative of the results which may be expected for the entire year.

3.       EARNINGS PER SHARE

         As of March 31,  2003,  neither the Company nor the Bank had any shares
         of common stock  outstanding.  As such the  statements of income do not
         disclose earnings per share as would otherwise be required.

4.       PLAN OF CONVERSION

         On March 13,  2003,  the Board of  Directors  of the Bank,  subject  to
         regulatory approval, adopted a proposed Plan of Conversion (the "Plan")
         to  convert  from  a  federally  chartered  mutual  savings  bank  to a
         federally  chartered  stock savings bank. The Bank will become a wholly
         owned  subsidiary of a concurrently  formed holding  company.  The Plan
         provides   that  the  holding   company   will  offer   nontransferable
         subscription  rights to purchase  common stock of the holding  company.
         The rights  will be offered  first to  eligible  account  holders,  the
         tax-qualified  employee  stock  benefit  plans,  supplemental  eligible
         account  holders and other  members.  Any shares  remaining may then be
         offered to the general public.

         The  Plan  provides  for  the  establishment,  upon  completion  of the
         conversion,  of a special  "liquidation  account" in an amount equal to
         the Bank's net worth as of the date of conversion.  This account is for
         the  benefit of eligible  account  holders  and  supplemental  eligible
         account  holders in the event of  liquidation of the Bank. The interest

                                       7
<PAGE>

         as to each deposit  account will be in the same proportion of the total
         liquidation  account  as the  balance  of the  deposit  account  on the
         qualifying dates was to the aggregate balance of all deposit account of
         eligible  account  holders  and  supplemental  account  holders  on the
         qualifying  dates.  The  liquidation  account  will  be  reduced  in  a
         proportionate amount if the amount in any deposit account on any annual
         closing date is less than it was on the  respective  qualifying  dates.
         The liquidation account will not be increased despite any increase in a
         deposit account after the respective qualifying dates.

         The regulations of the OTS prohibit the Bank from declaring or paying a
         cash dividend if the effect  thereof would cause the Bank's  regulatory
         capital  to be  reduced  below  either  the  amount  required  for  the
         liquidation account or the federal regulatory capital requirements.

         Costs associated with the conversion will be deferred and deducted from
         the proceeds of the stock offering. If, for any reason, the offering is
         not successful, the deferred costs will be charged to operations. As of
         March  31,  2003,  there  was  $20,900  of  costs  associated  with the
         conversion that have been deferred.

                                       8

<PAGE>

ITEM 2.

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                              OR PLAN OF OPERATION

GENERAL

The following discussion and analysis is intended to assist in understanding the
financial condition and results of operations of the Bank.

FORWARD-LOOKING STATEMENTS

When used in this  discussion  and  elsewhere in this  Quarterly  Report on Form
10-QSB,  the words or phrases  "will likely  result,"  "are  expected  to," will
continue," "is anticipated,"  "estimate,"  "project," or similar expressions are
intended  to  identify  "forward-looking  statements"  within the meaning of the
Private Securities  Litigation Reform Act of 1995. The Bank cautions readers not
to place undue reliance on any such forward-looking statements, which speak only
as of the date  made,  and  advises  readers  that  various  factors,  including
regional  and  national  economic  conditions,  substantial  changes in level of
market  interest  rates,  credit  and  other  risks of  lending  and  investment
activities and  competitive  and  regulatory  factors could affect the Company's
financial  performance  and could  cause the Bank's  actual  results  for future
periods to differ materially from those anticipated or projected.  The Bank does
not  undertake  and   specifically   disclaims  any  obligation  to  update  any
forward-looking statements to reflect occurrence of anticipated or unanticipated
events or circumstances after the date of such statements.

COMPARISON OF THE RESULTS OF OPERATIONS  FOR THE THREE MONTH PERIODS ENDED MARCH
31, 2003 AND 2002

Net Income. Net income for the quarter ended March 31, 2003 was $58,000 compared
to a net loss of $14,000 for the same  period  last year.  The Bank's net income
for the first three  months of fiscal year 2003  reflects  management's  ongoing
efforts to restore the Bank to profitability.

Net Interest Income. Net interest income increased $122,000 or 61.0% to $322,000
for the three  months  ended March 31, 2003  compared to $200,000  for the three
months ended March 31, 2002. This increase reflects a shift in  interest-earning
assets into higher-yielding loans. During the three months ended March 31, 2003,
net loans  averaged  $27.6  million for the period as compared to $22.1  million
during  the first  three  months of  fiscal  year  2002.  While  interest  rates
decreased during this period, interest income increased by $68,000 primarily due
to higher  outstanding  loan balances.  Net interest income also benefitted from
reduced  deposit costs in the lower interest rate  environment as higher costing
certificates of deposit  matured.  Accordingly,  interest  expense  decreased by
$54,000. The Bank's interest rate spread increased to 4.23% for the three months
ended March 31,  2003  compared  to 3.43% for the three  months  ended March 31,
2002.  Net interest  margin  increased to 4.24% for the 2003 period  compared to
2.76% for the 2002 period.

Provision for Loan Losses.  The provision for loan losses was $19,000 and $6,000
for the  quarters  ended March 31, 2003 and 2002,  respectively.  The Bank makes
provisions for loan losses in amounts deemed  necessary to maintain the adequacy
of the allowance for loan losses.  At March 31, 2003,  the Bank's  allowance for
loan losses was $124,000 or 0.45% of the gross loan portfolio.

                                       9
<PAGE>

Other Income.  Other income was $43,000 and $42,000 for the quarters ended March
31, 2003 and 2002,  respectively.  The increase  for the most recent  quarter of
$1,000 or 2.4% is  reflective  of  management's  ongoing  efforts to enhance fee
income.

Other Expenses. Other expenses were $288,000 and $250,000 for the quarters ended
March 31, 2003 and 2002,  respectively.  The increase for the quarter of $38,000
or 15.2% was due primarily to higher occupancy and compensation expense.

Income Tax  Expense.  The Bank did not record  federal  income tax  expense  for
either  period.  The Bank provides for both the current and deferred tax effects
of  the  transactions  reported  in its  financial  statements  and  established
deferred tax assets and  liabilities for the temporary  differences  between the
financial  reporting  and tax bases of its  assets  and  liabilities.  The Bank,
however, establishes valuation allowances for its net deferred tax assets unless
it is more likely than not that these net  deferred tax assets will be realized.
Based on its current  earnings and other  factors,  the Bank  determined in 2002
that it was appropriate to establish a valuation  allowance for its net deferred
tax assets.  At March 31, 2003,  the Bank had $10,000 in net deferred tax assets
which were reserved through the recording of valuation allowances. When the Bank
determines  that some or all of net deferred tax assets will be realizable,  the
corresponding deferred tax valuation allowance will be reduced accordingly.

COMPARISON OF FINANCIAL CONDITION AT MARCH 31, 2003 AND DECEMBER 31, 2002

The Bank's total assets as of March 31, 2003 were $32.5 million,  an increase of
$2.6 million from December 31, 2002's level of $30.0  million.  The increase was
due to growth in the loan  portfolio.  Net loans  receivable  increased  by $2.0
million, or 7.8%, which reflected our continued  marketing efforts.  Liabilities
increased by $2.5  million,  or 8.89%,  to $30.7 million due primarily to a $2.5
million, or 8.9%, increase in deposits as the Bank continued to attract deposits
locally at  favorable  rates.  The  $58,000  increase  in equity  reflected  our
earnings for the period.  At March 31, 2003, the Bank was in compliance with all
applicable  regulatory capital requirements with tangible and core capital equal
to 5.55% of adjusted total assets and total  risk-based  capital equal to 10.53%
of risk-weighted assets.

ASSET QUALITY

The following table sets forth  information  regarding the Bank's  nonperforming
assets at the dates indicated.

                                                    March 31,       December 31,
                                                      2003             2002
                                                      ---              ---
                                                          (In thousands)

    Restructured loans                                $ --             $ --
    Non-accrual loans                                   --               53
    Accruing loans past due 90 days or more             29               33
                                                      ----             ----

    Total non-performing loans                          29               86

    Foreclosed assets                                   --               --
                                                      ----             ----
    Total non-performing assets                       $ 29             $ 86
                                                      ====             ====


                                       10
<PAGE>

At March 31, 2003,  there were no loans  outstanding  not reflected in the above
table as to which known  information about possible credit problems of borrowers
caused  management to have serious doubts as to the ability of such borrowers to
comply with present loan repayment terms.

An analysis of the changes in the allowance for loan losses is as follows:

                                         Three Months Ended March 31,
                                        -------------------------------
                                          2003                  2002
                                        ---------             ---------

Balance, beginning of period            $ 105,868             $ 105,000
Loans charged off                          (1,031)               (8,933)
Loan recoveries                               445                 8,161
                                        ---------             ---------
     Net charge-offs                         (586)                 (772)

Provision for loan losses                  19,000                 2,200
                                        ---------             ---------

Balance, end of period                  $ 124,282             $ 106,428
                                        =========             =========

LIQUIDITY AND CAPITAL RESOURCES

The Company  currently  has no  operating  business  and does not have  material
funding  needs.  In the future,  the Company may require funds for dividends and
tax payments for which it will rely on dividends  and other  distributions  from
the Bank. The Bank is subject to various regulatory  restrictions on the payment
of dividends.

The Bank's  sources of funds for lending  activities and operations are deposits
from its primary market area,  advances from the FHLB of  Cincinnati,  principal
and  interest  payments on loans,  interest  received on other  investments  and
federal  funds  purchased.   Its  principal  funding  commitments  are  for  the
origination  of loans,  the  payment of maturing  deposits,  and  principal  and
interest  payments on advances from the FHLB.  Deposits are considered a primary
source of funds supporting the Bank's lending and investment activities.

Cash and cash  equivalents  (cash due from banks,  interest-bearing  deposits in
other  financial  institutions,  and federal funds sold),  as of March 31, 2003,
totaled $1.3 million compared to $4.0 million at March 31, 2002. The Bank's cash
flows were provided mainly by financing activities,  including $2.5 million from
net deposit  increases.  Operating  activities  provided $70,132 in cash for the
three months ended March 31, 2003 compared to $45,737 used in cash for the three
months  ended  March  31,  2002.  The Bank used  cash  flows  for its  investing
activities primarily to fund an increase in gross loans of $2.1 million.

As  a  federal  savings  bank,  the  Bank  is  subject  to  regulatory   capital
requirements  of  Office  of  Thrift  Supervision  ("OTS").  In order to be well
capitalized  under OTS  regulations,  the Bank must maintain a leverage ratio of
Tier I Capital to  average  assets of at least 5% and ratios of Tier I and total
capital  to  risk-weighted  assets of at least 6.0% and 10.0%  respectively.  At
March 31, 2003, the Bank satisfied the capital  requirements for  classification
as well capitalized under OTS regulations.

                                       11
<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

The Company's Chief Executive Officer and Chief Financial Officer have evaluated
the Company's  disclosure  controls and  procedures  (as such term is defined in
Rule  13a-14(c)  under the Exchange Act) as of a date within 90 days of the date
of filing of this Form 10-QSB.  Based upon such evaluation,  the Company's Chief
Executive  Officer and Chief Financial Officer have concluded that such controls
and  procedures  are  effective  to ensure that the  information  required to be
disclosed  by the  Company in the  reports it files  under the  Exchange  Act is
gathered, analyzed and disclosed with adequate timeliness.

There have been no significant  changes in the Company's internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of the evaluation described above.

                                       12

<PAGE>

Part II

                                OTHER INFORMATION

ITEM 2. CHANGES IN SECURITIES
        ---------------------

         (d) On May 14, 2003, the Securities  and Exchange  Commission  declared
the  registrant's  Registration  Statement  on Form  SB-2  (Commission  File No.
333-104226)  effective.  The  Registration  Statement  covered  the  sale by the
registrant  of up to 277,725  shares of its  common  stock,  $.01 par value,  in
connection   with  the  conversion  to  stock  form  of  Community  First  Bank,
Madisonville,  Kentucky (the "Bank"). The offering was commenced on May 23, 2003
and  terminated  on June 17, 2003 subject to approval of the  conversion  by the
Bank's  members at a special  meeting held on June 23, 2003.  The conversion was
completed  on June 26,  2003 with  277,725  shares  sold at $10.00 per share for
aggregate  proceeds of  $2,777,250.  The  registrant  estimates that it incurred
approximately  $285,000  in expenses in the  offering  (including  approximately
$100,000 in fees and reimbursable expenses paid to Keefe, Bruyette & Woods, Inc.
for its services as marketing agent) for estimated net proceeds of approximately
$2.5  million.  The  registrant  used  approximately  95% of the net proceeds to
acquire  all of the  shares  of  capital  stock  to be  issued  by the  Bank  in
connection  with the  conversion  and retained the remainder of the proceeds for
ongoing  expenses.  All  payments of  proceeds or expenses  were made to persons
other than  directors,  officers,  general  partners of the  registrant or their
associates,  persons  owning  10% or  more of any  class  of  securities  of the
registrant or affiliates of the registrant.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
         --------------------------------

         (a)      The  following   exhibits  are  either  being  filed  with  or
                  incorporated  by  reference in this  quarterly  report on Form
                  10-QSB:

         Number   Description
         ------   -----------
         3.1      Articles of Incorporation *
         3.2      Bylaws *
         4        Form of Common Stock Certificate *
        10.1      Employment Agreement with William M. Tandy *
        99.1      Certification under Section 906 of
                     Sarbanes-Oxley Act of 2002

         -----------------
         *Incorporated by reference from the Registrant's Registration Statement
          on Form SB-2 (File No. 333-104226).



         (b) During the quarter  ended March 31, 2003,  the  Registrant  did not
             file any current reports on Form 8-K.


                                       13

<PAGE>

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                    COMMUNITY FIRST BANCORP, INC.


Date: June 30, 2003                 /s/William M. Tandy
                                    --------------------------------------------
                                    William M. Tandy, President
                                    (Duly Authorized Representative)


Date: June 30, 2003                 /s/Michael D. Wortham
                                    --------------------------------------------
                                    Michael D. Wortham, Vice President
                                    (Chief Financial Officer)



<PAGE>

                                  CERTIFICATION

     I, William M. Tandy,  Chief  Executive  Officer of Community First Bancorp,
Inc., certify that:

     1. I have reviewed this quarterly  report on Form 10-QSB of Community First
Bancorp, Inc.;

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

                  (a) Designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

                  (b) Evaluated the effectiveness of the registrant's disclosure
controls and  procedures as of a date within 90 days prior to the filing date of
this quarterly report (the "Evaluation Date"); and

                  (c) Presented in this quarterly  report our conclusions  about
the  effectiveness  of the  disclosure  controls  and  procedures  based  on our
evaluation as of the Evaluation Date;

     5. The registrant's other certifying  officers and I have disclosed,  based
on our most  recent  evaluation,  to the  registrant's  auditors  and the  audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent functions):

                  (a) All significant deficiencies in the design or operation of
internal  controls  which could  adversely  affect the  registrant's  ability to
record, process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

                  (b)  Any  fraud,  whether  or  not  material,   that  involves
management or other  employees who have a significant  role in the  registrant's
internal controls; and

     6. The registrant's other certifying  officers and I have indicated in this
quarterly report whether there were significant  changes in internal controls or
in other factors that could significantly affect internal controls subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.

Date: June 30, 2003                 /s/William M. Tandy
                                    --------------------------------------------
                                    William M. Tandy
                                    Chief Executive Officer
<PAGE>

                                  CERTIFICATION

     I, Michael D. Wortham,  Chief Financial Officer of Community First Bancorp,
Inc., certify that:

     1. I have reviewed this quarterly  report on Form 10-QSB of Community First
Bancorp, Inc.;

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

                  (a) Designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

                  (b) Evaluated the effectiveness of the registrant's disclosure
controls and  procedures as of a date within 90 days prior to the filing date of
this quarterly report (the "Evaluation Date"); and

                  (c) Presented in this quarterly  report our conclusions  about
the  effectiveness  of the  disclosure  controls  and  procedures  based  on our
evaluation as of the Evaluation Date;

     5. The registrant's other certifying  officers and I have disclosed,  based
on our most  recent  evaluation,  to the  registrant's  auditors  and the  audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent functions):

                  (a) All significant deficiencies in the design or operation of
internal  controls  which could  adversely  affect the  registrant's  ability to
record, process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

                  (b)  Any  fraud,  whether  or  not  material,   that  involves
management or other  employees who have a significant  role in the  registrant's
internal controls; and

     6. The registrant's other certifying  officers and I have indicated in this
quarterly report whether there were significant  changes in internal controls or
in other factors that could significantly affect internal controls subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.

Date: June 30, 2003                 /s/Michael D. Wortham
                                    --------------------------------------------
                                    Michael D. Wortham
                                    Chief Financial Officer
<PAGE>
                                                                    Exhibit 99.1


                  CERTIFICATION PURSUANT TO SECTION 906 OF THE
                           SARBANES-OXLEY ACT OF 2002


         The undersigned  executive officers of the Registrant hereby certify to
the best of their  knowledge that this  Quarterly  Report on Form 10-QSB for the
quarter ended March 31, 2003 (the "Report") fully complies with the requirements
of  Section  13(a) or  15(d) of the  Securities  Exchange  Act of 1934,  and the
information  contained in the Report fairly presents,  in all material respects,
the financial condition and results of operations of the Registrant.



Date: June 30, 2003                 /s/William M. Tandy
                                    --------------------------------------------
                                    Name: William M. Tandy
                                    Title:Chief Executive Officer




Date: June 30, 2003                 /s/Michael D. Wortham
                                    --------------------------------------------
                                    Name: Michael D. Wortham
                                    Title:Chief Financial
                                             Officer