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 March 31, 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 of                         (IRS Employer ID Number)
 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 - 1,155,105 shares outstanding as of May 12, 2003


The Index to Exhibits is located on page 22

                                                                    Page 1 of 25
<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

                               SERVICE 1ST BANCORP
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)
<TABLE>
<CAPTION>
ASSETS                                                    03/31/04         12/31/03
                                                       -------------    -------------
<S>                                                    <C>              <C>
Cash & due from banks                                  $   4,549,633    $   6,484,537
Fed Funds sold                                             6,976,215          155,000
                                                       -------------    -------------
   Cash and cash equivalents                              11,525,848        6,639,537


Securities available-for-sale                             53,617,910       45,460,112
Securities held-to-maturity                                  931,679        1,659,233

Loans, net                                                58,655,788       52,500,408

Bank premises and equipment, net                             690,237          717,526
Bank owned life insurance                                  2,256,473        2,233,046
Accrued interest and other assets                          1,696,398        1,317,914

                                                       -------------    -------------
Total assets                                           $ 129,374,333    $ 110,527,776
                                                       =============    =============


LIABILITIES & SHAREHOLDERS' EQUITY

Deposits:
   Noninterest-bearing DDA                             $  20,599,029    $  13,588,553
   Interest-bearing DDA                                   61,349,707       45,709,526
   Money market deposit accounts                           8,825,677       11,572,827
   Savings accounts                                        3,589,517        3,834,932
   Certificates of deposit                                25,573,414       26,915,239
                                                       -------------    -------------
      Total deposits                                     119,937,344      101,621,077
Other borrowings                                              98,148          248,061
Other liabilities                                            589,773          375,867
                                                       -------------    -------------

      Total liabilities                                  120,625,265      102,245,005

Shareholders' equity:
   Common stock                                           10,915,069       10,915,069
   Accumulated deficit                                    (2,260,979)      (2,529,737)
   Accumulated other comprehensive income net of tax          94,978         (102,561)
                                                       -------------    -------------
      Total shareholders' equity                           8,749,068        8,282,771
                                                       -------------    -------------
      Total liabilities and shareholders' equity       $ 129,374,333    $ 110,527,776
                                                       =============    =============
</TABLE>

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

                                                                    Page 2 of 25
<PAGE>

                               SERVICE 1ST BANCORP
                         CONSOLIDATED INCOME STATEMENTS
                                   (Unaudited)


                                                      For the three months ended
                                                     ---------------------------
                                                       03/31/04       03/31/03
                                                     ------------   ------------

Interest income:
   Interest & fees on loans                          $    971,539   $    852,886
   Interest on investments                                432,834        205,047
   Interest on federal funds sold                           8,088         16,485
                                                     ------------   ------------
      Total interest income                             1,412,461      1,074,418

Interest expense:
   Interest expense on deposits                           428,688        371,390
Interest on borrowings                                        183            256
                                                     ------------   ------------
                                                          428,871        371,646
                                                     ------------   ------------

Net interest income before provision for loan losses      983,590        702,772

Provision for loan losses                                  35,000         20,000
                                                     ------------   ------------

Net interest income after provision for loan losses       948,590        682,772

Gain on sale of securities                                  9,774          4,544

Other income                                              278,766         77,329

General & administrative expenses:
   Salaries & benefits                                    537,318        404,801
   Occupancy & equipment                                  133,623        125,376
   Other operating                                        297,431        189,992
                                                     ------------   ------------
      Total G & A expenses                                968,372        720,169
                                                     ------------   ------------

Income before income taxes                                268,758         44,476
Income taxes                                                   --             --
                                                     ------------   ------------

   Net income                                        $    268,758   $     44,476
                                                     ============   ============

Net income per share - basic                         $       0.23   $       0.04
                                                     ============   ============

Net income per share - diluted                       $       0.22   $       0.04
                                                     ============   ============

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

                                                                    Page 3 of 25
<PAGE>

                               SERVICE 1ST BANCORP
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                                   (Unaudited)

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


Comprehensive income
Net income                                                                 $   373,242        373,242             --        373,242
Unrealized losses on securities
 net of taxes of $139,860                                                     (198,985)            --       (198,985)      (198,985)
   Reclassifacation adjustment
 adjustment for  gains included in net loss,
 net of tax of $8,258                                                          (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


Comprehensive income
Net income                                                                 $   268,758        268,758                       268,758
Unrealized gains on securities
 net of taxes of $138,757                                                      197,539                       197,539        197,539
                                                                           -----------
Comprehensive income                                                       $   466,297
                                                                           ===========

                                               -----------   -----------                  -----------    -----------    -----------
Balances March 31, 2004                          1,155,105   $10,915,069                  $(2,260,979)   $    94,978    $ 8,749,068
                                               ===========   ===========                  ===========    ===========    ===========
</TABLE>

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

                                                                    Page 4 of 25
<PAGE>

                               SERVICE 1ST BANCORP
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                    For the years ended
                                                                                ----------------------------
                                                                                 3/31/2004       3/31/2003
                                                                                ------------    ------------
<S>                                                                               <C>           <C>
Operating activities:
Net income                                                                           268,758    $    153,387
Adjustments to reconcile net income to net cash
from operating activities:
 Provision for loan losses                                                            35,000         118,000
 Depreciation                                                                         44,505         158,479
 Amortization and accretion on securities                                            112,924          97,067
 Gain on sale of securities, net                                                      (9,774)        (18,348)
 Increase in accrued interest                                                        (28,168)        (41,781)
 Increase in other assets                                                           (283,602)        (81,067)
 Increase in accrued expenses and other liabilities                                  141,863          70,700
                                                                                ------------    ------------

 Net cash provided by operating activities                                           281,506         456,437

Investing activities:
Purchases of securities available-for-sale                                       (20,558,056)    (57,491,103)
Purchase of securities held-to-maturity                                                   --      (1,209,854)
Proceeds from sales of available-for-sale securities                               1,004,930       4,263,750
Proceeds from payments, maturities and calls of available-for-sale securities     11,498,373      45,721,800
Proceeds from payments, maturities and calls of held-to-maturity securities          724,227       1,649,878
Net increase in loans                                                             (6,190,380)    (12,127,879)
Purchase Bank Owned Life Insurance                                                   (23,427)
Purchases of premises and equipment                                                  (17,216)        (43,084)
                                                                                ------------    ------------

 Net cash used by investing activities                                           (13,561,549)    (19,236,492)

Financing activities:
Net increase in demand and interest-bearing
deposits, and savings                                                             19,658,092      17,971,089
Net increase in time deposits                                                     (1,341,825)      8,375,485
Net change in borrowings                                                            (149,913)     (2,500,000)
                                                                                ------------    ------------

 Net cash provided by financing activities                                        18,166,354      23,846,574
                                                                                ------------    ------------

Net increase in cash and cash equivalents                                          4,886,311       5,066,519

Cash and cash equivalents at beginning of period                                   6,639,537       3,685,345

                                                                                ------------    ------------
Cash and cash equivalents at end of period                                        11,525,848    $  8,751,864
                                                                                ============    ============

Supplemental disclosures of cash flow information:

Cash paid during the period for:
Interest                                                                             374,037         334,496
Income taxes                                                                           1,600              --
</TABLE>

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

                                                                    Page 5 of 25
<PAGE>

                               SERVICE 1ST BANCORP
                     NOTES TO UNAUDITED FINANCIAL STATEMENT

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. In the opinion of management, the financial
statements presented herein include all adjustments (consisting of normal
recurring accruals ) necessary to present fairly, in all material respects, the
financial position of the Company as of March 31, 2004 and the Company's income
statements for the three months ended March 31, 2004 and 2003, and the statement
of cash flows for the three months ended March 31, 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 cost to the extent of the difference between
the quoted market price of the stock at the date of the 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 months ended
                                                            ----------------------------
                                                              03/31/04        03/31/03
                                                            ------------    ------------
<S>                                                         <C>             <C>
Net Income:
As reported                                                 $    268,758    $     44,476
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)
                                                            ------------    ------------

Pro Forma                                                   $    266,069    $     19,389
                                                            ============    ============

Net income per share - basic
  As reported                                               $       0.23    $       0.04
  Pro Forma                                                 $       0.23    $       0.02

Net income per share - diluted
  As reported                                               $       0.22    $       0.04
  Pro Forma                                                 $       0.22    $       0.02
</TABLE>
                                                                    Page 6 of 25
<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 March 31, 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 March 31, 2004 were:

<TABLE>
<CAPTION>
                                           Amortized      Unrealized      Unrealized        Fair
                                              Cost          Gains           Losses          Value
                                          ------------   ------------    ------------    ------------
<S>                                       <C>            <C>             <C>             <C>
Obligations of U.S. Government Agencies   $ 24,280,192   $     96,381    $    (33,199)   $ 24,343,374
State and public subdivisions                  374,848         10,947              --         385,795
Asset backed-securities                      5,533,783         78,512            (256)      5,612,039
Mortgage backed-securities                  23,267,395         69,439         (60,132)     23,276,702
                                          ------------   ------------    ------------    ------------
                                          $ 53,456,218   $    255,279    $    (93,587)   $ 53,617,910
                                          ============   ============    ============    ============



The amortized cost and fair values of investment securities held-to-maturity at
March 31, 2004 were:

                                           Amortized      Unrealized      Unrealized        Fair
                                              Cost          Gains           Losses          Value
                                          ------------   ------------    ------------    ------------

Asset backed-securities                   $    436,207   $     11,290    $         --    $    447,497
Mortgage backed-securities                     445,798         17,166            (484)        462,480
Obligations of U.S. Government Agencies         49,674             48              --          49,722
                                          ------------   ------------    ------------    ------------
                                          $    931,679   $     28,504    $       (484)   $    959,699
                                          ============   ============    ============    ============
</TABLE>

                                                                    Page 7 of 25
<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 69% of the Bank's loans are for real estate and construction loans
and approximately 22% of the Bank's loans are for general commercial users
including professional, retail, and small businesses. Consumer loans make up
approximately 4% 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:

                                                  3/31/2004         12/31/2003
                                                ------------       ------------

Real estate                                     $ 41,218,406       $ 37,564,352
Commercial                                        13,364,865         11,278,955
Agricultural                                       2,968,464          2,869,187
Consumer                                           2,205,122          1,785,920
All other (including overdrafts)                      32,218             46,887
                                                ------------       ------------
                                                  59,789,075         53,545,301
Deferred loan fees and costs                        (260,287)          (206,893)
Allowance for loan losses                           (873,000)          (838,000)
                                                ------------       ------------
Total net loans                                 $ 58,655,788       $ 52,500,408
                                                ============       ============

                                                                    Page 8 of 25
<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 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 A 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
portfolio, overall portfolio quality, loan concentration, specific problem
loans, commitments, and current economic conditions that may affect the
borrowers' ability to pay.

                                                                    Page 9 of 25
<PAGE>

         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 assets increased 17.0% from December 31, 2003 to
March 31, 2004. As of March 31, 2004, total assets were $129,374,333 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 March 31, 2004 were $58,655,788 compared to
$52,500,408 at December 31, 2003. This represents an increase in net loans of
11.7% from December 31, 2003. The increase in loans represents management's
continued success at attracting new loan customers.

         Total investment securities at March 31, 2004 were $54,549,589 compared
to $47,119,345 at December 31, 2003. The increase in investments from December
31, 2003 was the result of the $18,316,267 growth in deposits and the
origination of an increase in net loans of $6,155,380. Federal Funds at March
31, 2004 were $6,976,215 compared to $155,000 as of December 31, 2003. The large
increase in Federal Funds was from an influx of deposits by one of the Company's
depositors.

         Total deposits were $119,937,344 at March 31, 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 $43,109,020 at March 31, 2004
compared to $34,975,926 at December 31, 2003. The Municipal Investment Account
at March 31, 2004 was $16,209,544 compared to $9,050,875 at December 31, 2003.
Noninterest-bearing DDA accounts increased from $13,588,553 at December 31, 2003
to $ 20,599,029 at March 31, 2004. Most of this increase was attributable to one
title company customer.

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

         Net income for the three months ended March 31, 2004 was $268,757
compared to $44,476 for the same period during 2003. Basic net income per share
for 2004 was $.23 and diluted net income per share was $.22. The basic and
diluted income per share for the first quarter of 2003 was $.04. The favorable
improvement in the Company's operations for the three months ended March 31,
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. 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 25
<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 March 31, 2004 and 2003..
<TABLE>
<CAPTION>
                                                     March 31, 2004                                   March 31, 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:
Investments                            $  49,511,479   $     432,834           3.52%   $  26,231,413   $     205,047           3.17%
Federal funds sold                         3,252,155           8,088           1.00%       5,552,697          16,485           1.20%
Loans (1) (2)                             56,110,355         971,539           6.96%      45,365,886         852,886           7.62%
                                       -------------   -------------                   -------------   -------------
   Total interest-earning assets         108,873,989       1,412,461           5.22%      77,149,996       1,074,418           5.65%

Allowance for possible loan losses          (865,281)                                       (608,667)
Cash and due from banks                    5,658,691                                       5,636,595
Bank premises and equipment                  708,279                                         774,001
Accrued interest receivable                  526,681                                         323,641
Other assets                               3,246,228                                         384,937
                                       -------------                                   -------------
   Total assets                          118,148,587                                   $  83,660,503
                                       =============                                   =============

Interest  Bearing Liabilities:
Demand deposits                        $  52,935,649         205,874           1.56%   $  26,742,668         159,266           2.42%
Savings & money market accounts           14,884,555          32,475           0.88%       9,749,558          28,741           1.20%
Time Deposits                             25,608,574         190,339           2.99%      22,227,485         183,383           3.35%
Other borrowings                             100,947             183           0.73%          74,421             256           1.40%
                                       -------------   -------------                   -------------   -------------
   Total interest-bearing liabilities     93,529,725         428,871           1.84%      58,794,132         371,646           2.56%
                                                       -------------                                   -------------

Non-interest bearing demand deposits      15,954,057                                      16,295,815
Other Liabilities                            378,398                                         411,101
                                       -------------                                   -------------
   Total liabilities                     109,862,180                                      75,501,048
Shareholders' equity                       8,286,407                                       8,159,455
                                       -------------                                   -------------
   Total liabilities and
      shareholders' equity             $ 118,148,587                                   $  83,660,503
                                       =============                                   =============

                                                       -------------                                   -------------
Net interest income                                    $     983,590                                   $     702,772
                                                       =============                                   =============

Net interest margin on average interest earning assets (3)                     3.63%                                           3.69%
</TABLE>

1.  Average loan balances include average deferred loan fees of $218,780 and
    $122,455 for the three month periods ending March 31, 2004 and 2003,
    respectively.
2.  Interest on loans includes fees of $33,676 and $42,286 for the three month
    periods ending March 31, 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 25
<PAGE>

         Net interest income for the three months ended March 31, 2004 was
$983,590 compared to $702,772 for 2003. Average interest-earning assets for the
three months ended March 31, 2004 was $108,873,989 compared to $77,149,996
during the same three months of 2003 The yield earned on average
interest-earning assets during the first quarter of 2003 was 5.65% compared to
5.22% during the first quarter of 2004. The average rate paid on interest
bearing-liabilities decreased from 2.56% for the first quarter of 2003 to 1.84%
during the first quarter of 2003. The decline in rates was a result of the
Federal Reserve Bank cutting interest rates over the last two years to stimulate
the economy. The lower interest rates caused the yields to decline on new and
maturing investments, loans, and Federal Funds sold. Certain of the Company's
investment securities contained a call provision, which allowed the issuer of
the security to call the security and retire it prior to the maturity date.
Total average interest-bearing liabilities for the three months ended March 31,
2004 increased to $93,529,725 from $58,794,132 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 68.8%
of total loans outstanding at March 31, 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 March 31, 2004
was $35,000 compared to $20,000 during the same quarter of 2003. At March 31,
2004, the allowance for loan losses was $873,000 compared to $838,000 at
December 31, 2003. The ratio of allowance for loan losses to gross loans was
1.46% at March 31, 2004 compared to 1.57% at December 31, 2003. The allowance
for loan losses is adjusted by charges to income and decreased by charge-offs
(net of recoveries). Management's periodic evaluation of the adequacy of the
allowance is based on past loan loss experience, known and inherent risks in the
portfolio, adverse situations that may affect the borrower's ability to repay,
the estimated value of any underlying collateral, and current economic
conditions. Additional provisions will be added as new loans are placed on the
books in an amount adequate to support the risks inherent in the portfolio.

                                                                   Page 12 of 25

<PAGE>

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

                                                 For the Quarter Ended March 31,
                                                  ----------------------------
                                                      2004            2003
                                                  ------------    ------------
Outstanding Loans:
  Average for the Period                          $ 56,110,355    $ 45,365,886
  End of the Period                               $ 59,789,075    $ 53,545,301
Allowance For Loan Losses:
Balance at Beginning of Year                      $    838,000    $    598,000
Actual Charge-Offs:
  Commercial                                                --              --
  Consumer                                                  --              --
  Real Estate                                               --              --
                                                  ------------    ------------
Total Charge-Offs                                           --              --
Less Recoveries:
  Commercial                                                --              --
  Consumer                                                  --              --
  Real Estate                                               --              --
                                                  ------------    ------------
Total Recoveries                                            --              --
                                                  ------------    ------------
Net Loans Charged-Off                                       --              --
Provision for Loan Losses                               35,000          20,000
                                                  ------------    ------------
Balance at End of Year                            $    873,000    $    618,000
                                                  ============    ============
Ratios:
  Net Loans Charged-Off to Average Loans                     0%              0%
  Allowance for Loan Losses to Total Loans                1.46%           1.57%
  Net Loans Charged-Off to Beginning
      Allowance for Loan Losses                              0%              0%
Net Loans Charged-Off to Provision for Loan
      Losses                                                 0%              0%
Allowance for Loan Losses to Nonperforming
      Loans                                              124.9%              0%


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 $699,000 at March 31, 2004 and
December 31, 2003.

         At March 31, 2004 and December 31, 2003, there were loans totaling
$699,000 that were considered impaired or troubled debt restructurings. These
loans were delinquent and placed on nonaccrual, but management believes that the
loans will be collected in full. The loans were placed on nonaccrual to defer
future income recognition until the delinquent payments have been received.
There were no loan concentrations in excess of 10% of total loans not otherwise
disclosed as a category of loans as of March 31, 2004 or December 31, 2003.
Management is not aware of any potential problem loans, which were accruing and
current at March 31, 2004 or December 31, 2003, where serious doubt exists as to
the ability of the borrower to comply with the present repayment terms.

         There was no other real estate owned at March 31, 2004 and December 31,
2003.

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

         Noninterest income for the three months ended March 31, 2004 was
$288,540 compared to $81,873 for the same period during 2003. Service charges
and other income for the three months ended March 31, 2004 was $51,976 compared
to $25,314 for 2003. The increase in service charges and other income was from

                                                                   Page 13 of 25
<PAGE>

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 during the first quarter of 2004 were $27,991 compared to $21,479 in
2003. The Bank originates loans through various government guarantee programs.
The guaranteed portion of these loans can be sold in the secondary market. Gains
on loans sold in the secondary market and the servicing of these loans for the
three months ended March 31, 2004 were $152,142 compared to $7,103 during the
same period in 2003. The premium on loans sold was $133,714 for the first
quarter of 2004. There were no loan sales during the first quarter of 2003.

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

         Salaries and employee benefits for the three months ended March 31,
2004 was $537,318 compared to $404,801 for the three months ended March 31,
2003. In July, 2003, the Company established a retirement plan for certain key
executives of the Company. During the three months ended March 31, 2004, the
Company accrued $36,982 to fund the retirement plan. There was no comparable
expense during the first quarter of 2003. As of March 31, 2004, the Company
accrued bonuses of $48,642. There were no bonuses accrued for the first quarter
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 $133,623 for the three months ended March 31, 2004
compared to $125,376 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
March 31, 2004 were $297,431 compared to $189,992 for the three months ended
March 31, 2003. Directors' fees for the three months ended March 31, 2004 were
$22,500. There were no directors' fees paid during the first quarter of 2003.
The Company is in the process of evaluating the renewal of its data processing
contract. To assist in the evaluation of the data processing alternatives, the
Company hired an outside consultant. The expenses to the consultant for the
quarter ended March 31, 2004 were $25,000. There were no consulting expenses
during the first quarter of 2003. The remainder of the increase in other
expenses was commensurate with the growth of the Bank. The increase was
primarily from increased expense for miscellaneous loan expense. Miscellaneous
loan expense for the three months ended March 31, 2004 was $50,337 compared to
$7,771 for the same quarter during 2003. There was $35,000 expense to set up a
reserve for possible losses on loan commitments. There was no comparable charge
in 2003.

Capital Resources.
-----------------

         Total shareholders' equity at March 31, 2004 was $8,749,068 compared to
$8,282,771 at December 31, 2003. The increase was primarily from the $268,758
profit for the quarter and an increase of $197,539 for the change in the
accumulated other comprehensive income net of tax.

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

                                                                   Page 14 of 25
<PAGE>

The following table shows the Company's and the Bank's actual capital amounts
and ratios at March 31, 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 March 31, 2004
--------------------
Total Capital (to Risk Weighted Assets):         $9,514      11.7%      $6,489       8.00%     N/A
Tier 1 Capital (to Risk Weighted Assets):        $8,642      10.7%      $3,244       4.00%     N/A
Tier 1 Capital (to Average Assets):              $8,642       7.3%      $4,730       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 March 31, 2004
--------------------
Total Capital (to Risk Weighted Assets):         $9,630      11.9%      $6,489       8.00%     $9,630      10.00%
Tier 1 Capital (to Risk Weighted Assets):        $8,722      10.8%      $3,244       4.00%     $8,722       6.00%
Tier 1 Capital (to Average Assets):              $8,722       7.4%      $4,731       4.00%     $8,722       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 March 31,
2004 and December 31, 2003.

                                                                   Page 15 of 25
<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
$36,587,000. Management is not aware of any future capital expenditures or other
significant demands on commitments that would severely impair liquidity.

Inflation
---------

         The impact of inflation on a financial institution differs
significantly from that exerted on manufacturing or other commercial concerns,
primarily because its assets and liabilities are largely monetary. In general,
inflation primarily affects the Company and the Bank indirectly through its
effect on market rates of interest, and thus the ability of the Bank to attract
loan customers. Inflation affects the growth of total assets by increasing the
level of loan demand, and potentially adversely affects the Company's and the
Bank's capital adequacy because loan growth in inflationary periods can increase
at rates higher than the rate that capital grows through retention of earnings,
which the Company may generate in the future. In addition to its effects on
interest rates, inflation directly affects the Company by increasing operating
expenses. The effects of inflation were not material to the Company's and Bank's
results of operations during the periods ending March 31, 2004 and 2003.

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

         As of March 31, 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 $22,818,507 and
$20,558,000 at March 31, 2004 and December 31, 2003, respectively. As a
percentage of net loans these off-balance sheet items represent 38.9% and 39.2%,
respectively.

         The Company's exposure to credit loss in the event of nonperformance by
the other party for commitments to extend credit and letters of credit is
represented by the contractual amount of those instruments. The Company uses the
same credit policies in making commitments and letters of credit as it does for
loans included on the consolidated balance sheet.

         The following financial instruments represent off-balance-sheet credit
risk (dollars in thousands):

                                                                 March 30,
                                                          ----------------------
                                                           2004            2003
                                                          -------        -------

Commitments to extend credit:
Revolving lines of credit secured
  by 1-4 family residences                                $ 2,535        $ 2,288
Commercial real estate, construction and land
  Development commitments secured by real estate           12,285          9,549
Other commitments:
  Commercial loans                                          4,045          4,140
  Agricultural loans                                        2,028          2,708
  Unsecured consumer lines of credit                          895          1,736
                                                          -------        -------
Total                                                     $22,425        $20,421
                                                          =======        =======
Letters of Credit                                         $   392        $   137
                                                          =======        =======

         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.

                                                                   Page 16 of 25
<PAGE>
Effects of Terrorism
--------------------

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

Website Access
--------------

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

Item 3.  Controls and Procedures

         (a)      Disclosure Controls and Procedures:
An evaluation of the Company's disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) was carried out under the
supervision and with the participation of the Company's Chief Executive Officer,
Chief Financial Officer and other members of the Company's senior management as
of the end of the Company's fiscal quarter ended March 31, 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 March 31, 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.  Changes in securities and small business issuer purchases of equity
         securities

         None

Item 3.  Defaults upon senior securities and mall business issuers purchases of
         equity securities

         None

                                                                   Page 17 of 25
<PAGE>

Item 4.  Submission of matters to a vote of security holders

         None

Item 5.  Other information

         None

Item 6.  Exhibits and Reports on Form 8-K

         (a)      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.

                                                                   Page 18 of 25
<PAGE>

                  (10.7)* Patrick Carman Employment Letter dated May 26, 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.

                  (10.8)* John O. Brooks Employment Agreement dated November 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.

                  (10.9)* Robert E. Bloch Employment Letter dated February 26,
                  2001 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.

                  (10.10) 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.

                  (10.11) 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.

                  (10.12)* Bryan R. Hyzdu Severance Agreement dated November 1,
                  2003 incorporated by reference from the Registrant's Form
                  S-4EF, Registration No. 333-1-4244, filed with the Securities
                  and Exchange Commission on April 1, 2003.

                  (10.13) 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.

                  (10.14)* John O. Brooks 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.

                  (10.15)* 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.

                  (10.16)* 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.

                  (10.17)* Patrick 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.

                  (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 19 of 25

<PAGE>

         (b)      Reports on form 8-K.
                  On January 14, 2004, Registrant issued a press release
                  announcing the promotion of Bryan R. Hyzdu, President of
                  Registrant's subsidiary, Service 1st Bank, to the position of
                  Chief Executive Officer of Service 1st Bank.

                  On February 24, 2004, Registrant issued a press release
                  announcing earnings for the 12 months ending December 31,
                  2003.

                  On February 27, 2004, Registrant issued a press release
                  announcing a 5% dividend to shareholders of record as of March
                  10, 2004.

                  On March 17, 2004, Registrant issued a press release
                  announcing the appointment of Dean Andal as a director of
                  Service 1st Bank.

                                                                   Page 20 of 25
<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:  May 12, 2004                 /s/ JOHN O. BROOKS
                                    --------------------------------------------
                                    John O. Brooks, Chief Executive Officer




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

                                                                   Page 21 of 25
<PAGE>

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


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


31.1              Certifications of Chief Executive Officer
                  pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.                             23

31.2              Certifications of Chief Financial Officer
                  pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.                             24

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.                             25

                                                                   Page 22 of 25