| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|----------------------------------------------------------------------------------------------------|

|                                                                    |   |                                          |
|-------------------------------------------------------------------------|--------|-----------------------------------------------|
| Kentucky                                                                |   | 61-0912615                                    |
| (State      or other jurisdiction ofincorporation      or organization) |   | (I.R.S.      EmployerIdentification      No.) |
|                                                                    |   |
| 1065      Ashley Street, Bowling Green, Kentucky                        |   | 42103                                         |
| (Address      of principal executive offices)                           |   | (Zip      Code)                               |

|                                                    |   |   |
|---------------------------------------------------------|--------|--------|
| Large      accelerated filer    ̈         |   |   |
| Accelerated      filer    ̈               |   |   |   |
| Non-accelerated      filer   ̈            |   |   |
| Smaller      reporting company    x |   |   |   |

----

----

| PART      I – FINANCIAL INFORMATION |                                                                                                  |
|-------------------------------------------|-------------------------------------------------------------------------------------------------------|
|                                      |                                                                                                  |
| ITEM      1                               | FINANCIAL      STATEMENTS                                                                             | 4 |
|                                      |                                                                                                  |   |
| ITEM      2                               | MANAGEMENT’S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS | 19 |
|                                      |                                                                                                  |   |
| ITEM      3                               | QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                       | 34 |
|                                      |                                                                                                  |   |
| ITEM      4                               | CONTROLS      AND PROCEDURES                                                                          | 34 |
| PART      II –                 | OTHER      INFORMATION                                                                                |   |
|                                      |                                                                                                  |   |
| ITEM   6                   | EXHIBITS                                                                                              | 35 |
|                                      |                                                                                                  |   |
| SIGNATURES                                | 36                                                                                                    |

----

| Part      1. Financial Information |
|------------------------------------|

| Citizens      First Corporation                                                                                                                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Unaudited      Consolidated Balance SheetsDollars      in thousands except share data                                                                                                                                                     |
|                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                      | March 31, 2010 |   | December 31, 2009 |
| Assets                                                                                                                                                                                                                                    |
| Cash      and due from financial institutions                                                                                                                                                                                             | $6,139 |   | $6,619 |
| Federal      funds sold                                                                                                                                                                                                                   | 6,637 |   | 3,137 |
| Cash      and cash equivalents                                                                                                                                                                                                            | 12,776 |   | 9,756 |
| Available      for sale securities                                                                                                                                                                                                        | 39,250 |   | 41,059 |
| Loans      held for sale                                                                                                                                                                                                                  | 510 |   | 295 |
| Loans,      net of allowance of $4,083 and $3,988 at March 31, 2010 and December 31,      2009, respectively                                                                                                                              |  261,343 |   | 259,934 |
| Premises      and equipment, net                                                                                                                                                                                                          | 10,730 |   | 10,846 |
| Bank      owned life insurance                                                                                                                                                                                                            | 6,834 |   | 6,760 |
| Federal      Home Loan Bank (FHLB) stock, at cost                                                                                                                                                                                         | 2,025 |   | 2,025 |
| Accrued      interest receivable                                                                                                                                                                                                          | 2,082 |   | 2,111 |
| Deferred      income taxes                                                                                                                                                                                                                | 4,470 |   | 3,888 |
| Goodwill                                                                                                                                                                                                                                  | 2,575 |   | 2,575 |
| Core      deposit intangible                                                                                                                                                                                                              | 1,227 |   | 1,293 |
| Other      assets                                                                                                                                                                                                                         | 2,906 |   | 3,689 |
|                                                                                                                                                                                                                                      |   |   |   |
| Total      assets                                                                                                                                                                                                                         | $346,728 |   | $344,231 |
|                                                                                                                                                                                                                                      |   |   |   |
| Liabilities      and Stockholders' Equity                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                      |   |   |   |
| Liabilities                                                                                                                                                                                                                               |   |   |   |
| Deposits:                                                                                                                                                                                                                                 |   |   |   |
| Non-interest      bearing                                                                                                                                                                                                                 | $37,000 |   | $36,586 |
| Savings,      NOW and money market                                                                                                                                                                                                        | 75,188 |   | 75,244 |
| Time                                                                                                                                                                                                                                      | 183,226 |   | 176,690 |
| Total      deposits                                                                                                                                                                                                                       | 295,414 |   | 288,520 |
|                                                                                                                                                                                                                                      |   |   |   |
| Securities      sold under repurchase agreements                                                                                                                                                                                          | 895 |   | 800 |
| FHLB      advances                                                                                                                                                                                                                        | 6,500 |   | 11,500 |
| Subordinated      debentures                                                                                                                                                                                                              | 5,000 |   | 5,000 |
| Accrued      interest payable                                                                                                                                                                                                             | 480 |   | 440 |
| Other      liabilities                                                                                                                                                                                                                    | 1,106 |   | 1,113 |
|                                                                                                                                                                                                                                      |   |   |   |
| Total      liabilities                                                                                                                                                                                                                    | 309,395 |   | 307,373 |
|                                                                                                                                                                                                                                      |   |   |   |
| Stockholders'      Equity:                                                                                                                                                                                                                |   |   |   |
| 6.5%      cumulative preferred stock, no par value; authorized 250 shares;      liquidation preference of $7,998;  issued and outstanding 250      shares at March 31, 2010 and at December 31, 2009,      respectively         | 7,659 |   | 7,659 |
| 5.0%      Series A preferred stock; no  par value; authorized 250 shares,      aggregate liquidation preference of $8,779; issued and outstanding 250      shares at March 31, 2010 and at December 31, 2009,      respectively | 8,539 |   | 8,523 |
| Common      stock, no par value; authorized 5,000,000 shares; issued and outstanding      1,968,777 shares at March 31, 2010 and  at December 31, 2009,      respectively                                                       | 27,072 |   |                                                27,072 |
| Accumulated      deficit                                                                                                                                                                                                                  | (5,596) |   | (5,873) |
| Accumulated      other comprehensive loss                                                                                                                                                                                                 | (341) |   | (523) |
| Total      stockholders' equity                                                                                                                                                                                                           | 37,333 |   | 36,858 |
| Total      liabilities  and stockholders' equity                                                                                                                                                                                | $346,728 |   | $344,231 |
| See      Notes to Unaudited Consolidated Financial  Statements                                                                                                                                                                            |

----

| Citizens      First CorporationUnaudited      Consolidated Statements of IncomeDollars      in thousands, except per share data |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                            | Three months ended March  31, |
|                                                                                                                            | 2010 |   | 2009 |
| Interest      and dividend income                                                                                               |   |   |   |
| Loans                                                                                                                           | $3,969 |   | $4,018 |
| Taxable      securities                                                                                                         | 155 |   | 266 |
| Non-taxable      securities                                                                                                     | 183 |   | 188 |
| Federal      funds sold and other                                                                                               | 26 |   | 27 |
| Total      interest and dividend income                                                                                         | 4,333 |   | 4,499 |
| Interest      expense                                                                                                           |   |   |   |
| Deposits                                                                                                                        | 1,244 |   | 1,576 |
| FHLB      advances                                                                                                              | 67 |   | 175 |
| Subordinated      debentures                                                                                                    | 23 |   | 38 |
| Short-term      borrowings                                                                                                      | 3 |   | 49 |
| Total      interest expense                                                                                                     | 1,337 |   | 1,838 |
| Net      interest income                                                                                                        | 2,996 |   | 2,661 |
| Provision      for loan losses                                                                                                  | 400 |   | 300 |
| Net      interest income after provision for loan losses                                                                        | 2,596 |   | 2,361 |
| Non-interest      income                                                                                                        |   |   |   |
| Service      charges on deposit accounts                                                                                        | 326 |   | 301 |
| Other      service charges and fees                                                                                             | 78 |   | 79 |
| Gain      on sale of mortgage loans                                                                                             | 38 |   | 112 |
| Lease      income                                                                                                               | 38 |   | 43 |
| BOLI      income                                                                                                                | 74 |   | 75 |
| Other      income                                                                                                               | 36 |   | 31 |
| Total      non-interest income                                                                                                  | 590 |   | 641 |
| Non-interest      expenses                                                                                                      |   |   |   |
| Salaries      and employee benefits                                                                                             | 1,101 |   | 1,328 |
| Net      occupancy expense                                                                                                      | 310 |   | 316 |
| Equipment      expense                                                                                                          | 161 |   | 180 |
| Advertising      and public relations                                                                                           | 47 |   | 86 |
| Professional      fees                                                                                                          | 116 |   | 155 |
| Data      processing services                                                                                                   | 208 |   | 136 |
| Franchise      shares and deposit tax                                                                                           | 105 |   | 125 |
| FDIC      Insurance                                                                                                             | 124 |   | 101 |
| Core      deposit  intangible amortization                                                                            | 66 |   | 70 |
| Postage      and office supplies                                                                                                | 39 |   | 55 |
| Telephone      and other communication                                                                                          | 43 |   | 54 |
| Other      real estate owned expenses                                                                                           | 70 |   | 79 |
| Other                                                                                                                           | 152 |   | 176 |
| Total      non-interest expenses                                                                                                | 2,542 |   | 2,861 |
| Income      before income taxes                                                                                                 | 644 |   | 141 |
| Provision/(benefit)      for income taxes                                                                                       | 113 |   | (65) |
| Net      income                                                                                                                 | $  531 |   | $  206 |
| Dividends      declared and  accretion on preferred stock                                                             | 254 |   | 252 |
| Net      income (loss) available for common stockholders                                                                        | $      277 |   | $  (46) |
| Earnings      (loss) per share, basic and diluted                                                                               | $      0.14 |   | $(0.02) |
| See      Notes to Unaudited Consolidated Financial  Statements                                                                  |

----

| Citizens      First Corporation                                                                                       |
|-----------------------------------------------------------------------------------------------------------------------|
| Unaudited      Consolidated Statements of Changes in Stockholders' EquityDollars      in thousands, except share data |
|                                                                                                                  | Three months ended March  31, |
|                                                                                                                  | 2010 |   | 2009 |
|                                                                                                                  |   |
|                                                                                                                  |   |   |   |
| Balance      January 1                                                                                                | $36,858 |   | $39,285 |
| Net      income                                                                                                       | 531 |   | 206 |
| Stock-based      compensation                                                                                         | - |   | 13 |
| Payment      of preferred dividends, $476 and $472 per share for 2010 and      2009                                   | (238) |   | (236) |
| Other      comprehensive income, net of tax                                                                           | 182 |   | 178 |
| Balance      at end of period                                                                                         | $37,333 |   | $39,446 |
|                                                                                                                  |   |   |   |
|                                                                                                                  |
| Citizens      First Corporation                                                                                       |
| Unaudited      Consolidated Statements of Comprehensive Income (Loss)Dollars      in thousands                        |
|                                                                                                                  | Three months ended March  31, |
|                                                                                                                  | 2010 |   | 2009 |
|                                                                                                                  |   |   |   |
| Net      income                                                                                                       | $   531 |   | $   206 |
| Other      comprehensive income, net of tax:                                                                          |   |   |   |
| Unrealized      gain on available for sale securities, net                                                            | 182 |   | 178 |
|                                                                                                                  |   |   |   |
| Comprehensive      income                                                                                             | $713 |   | $384 |
|                                                                                                                  |   |   |   |

----

| Citizens      First CorporationUnaudited      Consolidated Statements of Cash FlowsDollars      in thousands |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                         | Three      months ended March 31 |
|                                                                                                         | 2010 |   | 2009 |
|                                                                                                         |   |   |
| Operating      activities:                                                                                   |   |   |
| Net  income                                                                                        | $      531 |   | $      206 |
| Adjustments      to reconcile net income to net cash provided by operating      activities:                  |   |   |   |
| Depreciation      and amortization                                                                           | 197 |   | 201 |
| Stock-based      compensation expense                                                                        | - |   | 13 |
| Provision      for loan losses                                                                               | 400 |   | 300 |
| Amortization      of premiums and discounts on securities                                                    | 4 |   | 29 |
| Amortization      of core deposit intangible                                                                 | 66 |   | 70 |
| Deferred      income taxes                                                                                   | (582) |   | 92 |
| Sale      of mortgage loans held for sale                                                                    | 2,186 |   | 7,926 |
| Origination      of mortgage loans for sale                                                                  | (2,363) |   | (8,271) |
| Gain      on the sale of property plant and equipment                                                        | (4) |   | (4) |
| Gains      on sales of loans                                                                                 | (38) |   | (112) |
| Net      loss on sale of other real estate owned                                                             | 65 |   | 47 |
| Changes      in:                                                                                             |   |   |   |
| Interest      receivable                                                                                     | 29 |   | 143 |
| Other      assets                                                                                            | 601 |   | (88) |
| Interest      payable and other liabilities                                                                  | (61) |   | (430) |
| Net      cash provided by operating  activities                                                    | 1,031 |   | 122 |
| Investing      activities:                                                                                   |   |   |   |
| Loan      originations and payments, net                                                                     | (1,809) |   | 2,296 |
| Purchases      of premises and equipment                                                                     | (82) |   | (349) |
| Purchase      of available-for-sale securities                                                               | (7,020) |   | (6,775) |
| Proceeds      from maturities of available-for-sale securities                                               | 9,101 |   | 2,489 |
| Proceeds      from sale of other real estate owned                                                           | 44 |   | 685 |
| Proceeds      from disposal of property plant and equipment                                                  | 4 |   | 4 |
| Net      cash provided by/(used in) investing activities                                                     | 238 |   | (1,650) |
| Financing      activities:                                                                                   |   |   |   |
| Net      change in demand deposits, money market, NOW, and savings      accounts                             | 358 |   | 12,792 |
| Net      change in time deposits                                                                             | 6,536 |   | (7,569) |
| Proceeds      from FHLB advances                                                                             | 5,800 |   | 3,000 |
| Repayment      of FHLB advances                                                                              | (10,800) |   | (6,000) |
| Net      change in repurchase agreements                                                                     | 95 |   | (2,416) |
| Dividends      paid on preferred stock                                                                       | (238) |   | (236) |
| Net      cash provided by/(used in) financing activities                                                     | 1,751 |   | (429) |
| Increase/(Decrease)      in cash and cash equivalents                                                        | 3,020 |   | (1,957) |
| Cash      and cash equivalents, beginning of year                                                            | 9,756 |   | 15,331 |
| Cash      and cash equivalents, end of quarter                                                               | $12,776 |   | $13,374 |
| Supplemental      Cash Flows  Information:                                                         |   |   |   |
| Interest      paid                                                                                           | $1,297 |   | $1,848 |
| Income      taxes paid                                                                                       | $       - |   | $       - |
| Loans      transferred to other real estate                                                                  | $            - |   | $  225 |
|                                                                                                         |   |
| See      Notes to Unaudited Consolidated Financial  Statements                                               |

----

| Note      2 -  Reclassifications |
|--------------------------------------------|

----

----

|                                    | 2010   |
|-----------------------------------------|--------|
|                                    | Shares | Weighted-Average      ExercisePrice |
|                                    |   |   |
| Outstanding,      beginning of year     | 91,260 | $15.22 |
| Granted                                 | -      | - |
| Exercised                               | -      | - |
| Forfeited                               | -      | - |
| Expired                                 | -      | - |
| Outstanding,      end of period         | 91,260 | $15.22 |
| Options      exercisable, end of period | 91,260 | $15.22 |

----

|                                                |                | (Dollars      in Thousands) |
|-----------------------------------------------------|---------------------|-----------------------------|
|                                                |  AmortizedCost | GrossUnrealizedGains        | GrossUnrealizedLosses | FairValue |
|  March      31, 2010                           |                |                        |   |   |
| U. S. government      agencies                      | $17,231             | $5                          | $(86) | $17,150 |
| State and      municipal                            | 18,803              | 497                         | (33) | 19,267 |
| Agency      mortgage-backed securities: residential |  1,871         | 62                          | - | 1,933 |
| Trust      preferred security                       | 1,862               | -                           | (962) | 900 |
|  Total      investment securities              |  $39,767       | $564                        | $(1,081) | $39,250 |
|  December      31, 2009                        |                |                        |   |   |
| U. S.      government agencies                      | $19,178             | $14                         | $(90) | $19,102 |
| State and      municipal                            | 18,809              | 441                         | (54) | 19,196 |
| Agency      mortgage-backed securities:residential  |  2,004         | 57                          | - | 2,061 |
| Trust      preferred security                       | 1,861               | -                           | (1,161) | 700 |
| Total      investment securities                    |  $41,852       | $512                        | $(1,305) | $41,059 |

|                                     |                         | March      31, 2010(Dollars      in Thousands) |
|------------------------------------------|------------------------------|------------------------------------------------|
|                                     |                         | Available      for Sale                   |
|                                     | Amortized Cost               |                                           | Fair Value |
| Due in one      year or less             | $    206 |                                           | $     209 |
| Due from one      to five years          | 11,471                       |                                           | 11,542 |
| Due from five      to ten years          | 15,254                       |                                           | 15,427 |
| Due after ten      years                 | 10,965                       |                                           | 10,139 |
| Agency      mortgage-backed: residential | 1,871                        |                                           | 1,933 |
|  Total                              | $39,767                      |                                           |  $39,250 |

----

|                                       | (Dollars      in Thousands) |
|--------------------------------------------|-----------------------------|
|                                       | Less      than 12 Months    | 12      Months or More | Total |
| Description      ofSecurities              | Fair      Value             | UnrealizedLosses | Fair      Value | UnrealizedLosses | Fair      Value | UnrealizedLosses |
|  March      31, 2010:                 |                        |   |   |   |   |   |
| U.S.      government  agencies   | $13,650                     | $  (86) | $    - |  $            - |   $  13,650 |  $   (86) |
|     State and municipal     | 1,310                       | (16) | 597 | (17) | 1,907 | (33) |
| Trust      preferred security              | -                           | - | 900 | (962) | 900 | (962) |
|  Total      temporarily impaired | $14,960                     | $(102) | $1,497 | $(979) | $16,457 | $(1,081) |

|                                             | (Dollars      in Thousands) |
|--------------------------------------------------|-----------------------------|
|                                             | Less      than 12 Months    | 12      Months or More | Total |
| Description      ofSecurities                    | Fair      Value             | UnrealizedLosses | Fair      Value | UnrealizedLosses | Fair      Value | UnrealizedLosses |
|  December      31, 2009:                    |                        |   |   |   |   |   |
| U.S.      government   agencies   | $      9,619                | $  (90) | $    - |  $            - |   $  9,619 |  $   (90) |
|     State and municipal           | 1,887                       | (54) | - | - | 1,887 | (54) |
| Trust      preferred security                    | -                           | - | 700 | (1,161) | 700 | (1,161) |
|  Total      temporarily  impaired | $11,506                     | $(144) | $700 | $(1,161) | $12,206 | $(1,305) |

----

| Note      6 - Loans and Allowance for LoanLosses |
|--------------------------------------------------|

|                                |   | (Dollars      in Thousands)      |
|-------------------------------------|--------|----------------------------------|
|                                |   | March      31, 2010              |   | December      31, 2009 |
|                                |   |                             |   |   |
| Commercial      and agricultural    |   |     $79,409  |   |     $74,944 |
| Commercial      real estate         |   | 102,975                          |   | 104,768 |
| Residential      real estate        |   | 72,542                           |   | 73,166 |
| Consumer                            |   | 10,500                           |   | 11,044 |
| Total      loans                    |   | 265,426                          |   | 263,922 |
| Less      allowance for loan losses |   | (4,083)                          |   | (3,988) |
|  Net      loans                |   |     $261,343 |   |     $259,934 |

|                                  |   | (Dollars      in Thousands)                                                          |
|---------------------------------------|--------|--------------------------------------------------------------------------------------|
|                                  |   | March      31, 2010                                                                  |   | March      31, 2009 |
|  Balance,      beginning of year |   |     $3,988                                                       |   |     $3,816 |
| Provision      charged to expense     |   | 400                                                                                  |   | 300 |
| Loans charged      off                |   | (317)                                                                                |   | (168) |
| Recoveries                            |   | 12                                                                                   |   | 10 |
|  Balance,      end of period     |   |  $            4,083 |   |  $            3,958 |

----

|                                                       |   | (Dollars      in Thousands) |
|------------------------------------------------------------|--------|-----------------------------|
|                                                       |   | March      31, 2010         |   | December      31, 2009 |
|  Loans past      due 90 days or more still on accrual |   |     $0  |   |     $48 |
| Non-accrual      loans                                     |   | 630                         |   | 1,182 |

|   | Level      1 – Quoted prices in active markets for identical assets or      liabilities. |
|--------|------------------------------------------------------------------------------------------------|

----

|                                                |                          Fair      Value Measurements at March 31, 2010, Using(Dollars      in Thousands) |
|-----------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                |
|                                                |  March      31, 2010Carrying      value                                                                                                                                                                                           | Quoted      Prices in Active Markets for Identical Assets (Level 1) | Significant      Other Observable Inputs (Level 2) | Significant      Unobservable Inputs(Level      3) |
| Assets:                                             |                                                                                                                                                                                                                                   |   |   |   |
| Securities      available-for-sale                  |                                                                                                                                                                                                                                   |   |   |   |
| U.      S. government agencies                      | $17,150                                                                                                                                                                                                                                |   | $17,150 |   |
| State      and municipal                            | 19,267                                                                                                                                                                                                                                 |   | 19,267 |   |
| Agency      mortgage-backed securities -residential | 1,933                                                                                                                                                                                                                                  |   | 1,933 |   |
| Trust      preferred security                       | 900                                                                                                                                                                                                                                    |   | 900 |   |
| Total      investment securities                    | $39,250                                                                                                                                                                                                                                | - | $39,250 | - |

|                                                |                          Fair      Value Measurements at December 31, 2009, Using(Dollars      in Thousands) |
|-----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                |
|                                                |  December      31, 2009Carrying      value                                                                                                                                                                                           | Quoted      Prices in Active Markets for Identical Assets (Level 1) | Significant      Other Observable Inputs (Level 2) | Significant      Unobservable Inputs(Level      3) |
| Assets:                                             |                                                                                                                                                                                                                                      |   |   |   |
| Securities      available-for-sale                  |                                                                                                                                                                                                                                      |   |   |   |
| U.      S. government agencies                      | $19,102                                                                                                                                                                                                                                   |   | $19,102 |   |
| State      and municipal                            | 19,196                                                                                                                                                                                                                                    |   | 19,196 |   |
| Agency      mortgage-backed securities -residential | 2,061                                                                                                                                                                                                                                     |   | 2,061 |   |
| Trust      preferred security                       | 700                                                                                                                                                                                                                                       |   | 700 |   |
| Total      investment securities                    | $41,059                                                                                                                                                                                                                                   | - | $41,509 | - |

----

|                              |                          Fair      Value Measurements at March 31, 2010, Using(Dollars      in Thousands) |
|-----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |
|                              |  March      31, 2010 Carrying value                                                                                                                                                                                               | Quoted      Prices in Active Markets for Identical Assets (Level 1) | Significant      Other Observable Inputs (Level 2) | Significant      Unobservable Inputs(Level      3) |
| Impaired      loans               |    $152                                                                                                                                                                                                                 |   |   |    $152 |
| Other      real estate owned, net | $1,046                                                                                                                                                                                                                                 |   |   | $1,046 |

|                              |                          Fair      Value Measurements at December 31, 2009, Using(Dollars      in Thousands) |
|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |
|                              |  December      31, 2009 Carrying value                                                                                                                                                                                               | Quoted      Prices in Active Markets for Identical Assets (Level 1) | Significant      Other Observable Inputs (Level 2) | Significant      Unobservable Inputs(Level      3) |
| Impaired      loans               | $1,076                                                                                                                                                                                                                                    |   |   | $1,076 |
| Other      real estate owned, net | $1,154                                                                                                                                                                                                                                    |   |   | $1,154 |

----

|                         |   | (Dollars      in Thousands) |
|------------------------------|--------|-----------------------------|
|                         |   | March      31, 2010         |   | December      31, 2009 |
|                         |   | Carrying      Amount        | Fair      Value |   | Carrying      Amount | Fair      Value |
|  Financial      Assets  |   |                        |   |   |   |   |
| Cash and cash equivalents    |   | $12,776                     | $12,776 |   | $9,756 | $9,756 |
| Loans held for sale          |   | 510                         | 516 |   | 295 | 295 |
| Loans, net of allowance      |   | 261,191                     | 260,758 |   | 258,858 | 260,852 |
| Accrued interest receivable  |   | 2,082                       | 2,082 |   | 2,111 | 2,111 |
| Federal Home Loan Bank stock |   | 2,025                       | N/A |   | 2,025 | N/A |

|                                             |   | (Dollars      in Thousands) |
|--------------------------------------------------|--------|-----------------------------|
|                                             |   | March      31, 2010         |   | December      31, 2009 |
|                                             |   | Carrying      Amount        | Fair      Value |   | Carrying      Amount | Fair      Value |
|  Financial      Liabilities                 |   |                        |   |   |   |   |
| Deposits                                         |   | $295,414                    | $295,606 |   | $288,520 | $288,871 |
| Securities      sold under repurchase agreements |   | 895                         | 895 |   | 800 | 800 |
| FHLB advances                                    |   | 6,500                       | 6,834 |   | 11,500 | 11,824 |
| Subordinate debentures                           |   | 5,000                       | 3,094 |   | 5,000 | 3,094 |
| Accrued interest payable                         |   | 480                         | 480 |   | 440 | 440 |

----

|                                                                                | Quarter      ended March 31, 2010 |                  | Quarter      ended March 31, 2009 |
|-------------------------------------------------------------------------------------|-----------------------------------|-----------------------|-----------------------------------|
|                                                                                |   Income                | WeightedAverageShares |  Per      ShareAmount        |   |  Income/(Loss) | Weighted-AverageShares |  Per      ShareAmount |
| Basic      earnings per share                                                       |                              |                  |                              |   |   |   |   |
| Net      income                                                                     | $      531                        |                  |                              |   | $      206 |   |   |
| Less:      Dividends and accretion on   preferredstock               |   (254)                 |                  |                              |   |   (252) |   |   |
| Net      income (loss) available to common shareholders                             | $      277                        | 1,968,777             | $0.14                             |   | $      (46) | 1,968,777 | $(0.02) |
|                                                                                |                              |                  |                              |   |   |   |   |
| Effect      of dilutive securities                                                  |                              |                  |                              |   |   |   |   |
| Convertible      preferred stock                                                    | -                                 | -                     |                              |   | - | - |   |
| Stock      options                                                                  | -                                 | -                     |                              |   | - | - |   |
|     Warrants                                                    | -                                 | 31,401                |                              |   | - | - |   |
| Diluted      earnings per share                                                     |                              |                  |                              |   |   |   |   |
|                                                                                |                              |                  |                              |   |   |   |   |
| Net      income(loss) available to common shareholders and assumed      conversions | $277                              | 2,000,178             | $0.14                             |   | $(46) | 1,968,777 | $(0.02) |
|                                                                                |                              |                  |                              |   |   |   |   |
|                                                                                |                              |                  |                              |   |   |   |   |

----

----

----

| Average      Consolidated Balance Sheets and Net Interest Analysis (Dollars in      thousands) |
|------------------------------------------------------------------------------------------------|
| Three      months ended March 31,                                                              |   | 2010 |   |   | 2009 |   |
|                                                                                           | AverageBalance | Income/Expense | AverageRate | AverageBalance | Income/Expense | AverageRate |
| Earning      assets:                                                                           |   |   |   |   |   |   |
| Federal      funds sold                                                                        | $  4,261 | $3 | 0.29% | $  6,162 | $      4 | 0.26% |
| Available-for-sale      securities (1)                                                         |   |   |   |   |   |   |
| Taxable                                                                                        | 20,591 | 155 | 3.05% | 23,061 | 266 | 4.68% |
| Nontaxable      (1)                                                                            | 18,807 | 277 | 5.97% | 19,360 | 285 | 5.97% |
| Federal      Home Loan Bank stock                                                              | 2,025 | 23 | 4.61% | 2,025 | 23 | 4.61% |
| Loans,      net (2)                                                                            | 264,862 | 3,969 | 6.08% | 272,529 | 4,018 | 5.98% |
| Total      interest earning assets                                                             | 310,546 | 4,427 | 5.78% | 323,137 | 4,596 | 5.77% |
| Non-interest      earning assets                                                               | 33,121 |   |   | 33,932 |   |   |
| Total      Assets                                                                              |  $ 343,667 |   |   |  $ 357,069 |   |   |
|                                                                                           |   |   |   |   |   |   |
| Interest-bearing      liabilities:                                                             |   |   |   |   |   |   |
| Interest-bearing      transaction accounts                                                     | $  65,235 | $  91 | 0.57% | $  68,113 | $  92 | 0.55% |
| Savings      accounts                                                                          | 9,357 | 6 | 0.26% | 8,450 | 6 | 0.29% |
| Time      deposits                                                                             | 179,889 | 1,147 | 2.59% | 172,228 | 1,478 | 3.48% |
| Total      interest-bearing deposits                                                           | 254,481 | 1,244 | 1.98% | 248,791 | 1,576 | 2.57% |
| Short-term      borrowings                                                                     | 2 | 0 | 0.00% | 1 | 0 | 0.00% |
| Securities      sold under repurchase agreements                                               | 910 | 3 | 1.33% | 6,799 | 49 | 2.92% |
| FHLB      borrowings                                                                           | 8,673 | 67 | 3.13% | 26,567 | 175 | 2.67% |
| Subordinated      debentures                                                                   | 5,000 | 23 | 1.87% | 5,000 | 38 | 3.08% |
| Total      interest-bearing liabilities                                                        | 269,066 | 1,337 | 2.01% | 287,158 | 1,838 | 2.60% |
| Non-interest      bearing deposits                                                             | 35,632 |   |   | 25,954 |   |   |
| Other      liabilities                                                                         | 1,635 |   |   | 2,001 |   |   |
| Total      liabilities                                                                         | 306,333 |   |   | 315,113 |   |   |
| Stockholders’      equity                                                                | 37,334 |   |   | 41,956 |   |   |
| Total      Liabilities and Stockholders’   Equity                         | $  343,667 |   |   | $  357,069 |   |   |
| Net      interest income                                                                       |   | $ 3,090 |   |   | $ 2,758 |   |
| Net      interest spread (1)                                                                   |   |   | 3.77% |   |   | 3.17% |
| Net      interest margin  (1) (3)                                                    |   |   | 4.04% |   |   | 3.46% |
| Return      on average assets ratio                                                            |   |   | 0.63% |   |   | 0.23% |
| Return      on average equity ratio                                                            |   |   | 5.77% |   |   | 1.99% |
| Average      equity to assets ratio                                                            |   |   | 10.86% |   |   | 11.75% |
| _______________                                                                                |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                 |   | (Dollars      in Thousands)                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                 |   | Twelve      Months Ended March 31,                 |
|                                                                                                                                                                                                                                                                                                                 |   | 2010      Vs. 2009                                 |
|                                                                                                                                                                                                                                                                                                                 |   | Increase      (Decrease) Due to                    |
|                                                                                                                                                                                                                                                                                                                 |   | Rate                                               |   | Volume |   | Net |
| Interest-earning      assets:                                                                                                                                                                                                                                                                                        |   |                                               |   |   |   |   |
| Federal      funds sold                                                                                                                                                                                                                                                                                              |   | $        - |   | $       (1) |   | $          (1) |
| Available-for-sale-securities:                                                                                                                                                                                                                                                                                       |   |                                               |   |   |   |   |
|    Taxable                                                                                                                                                                                                                                                                                            |   | (83)                                               |   | (28) |   | (111) |
|    Nontaxable      (1)                                                                                                                                                                                                                                                                                |   | 2                                                  |   | (10) |   | (8) |
| FHLB      stock                                                                                                                                                                                                                                                                                                      |   | -                                                  |   | - |   | - |
| Loans,      net                                                                                                                                                                                                                                                                                                      |   | 64                                                 |   | (113) |   | (49) |
|  Total      net change in income      on                               interest-earning      assets                                                  |   | (17)                                               |   | (152) |   | (169) |
|  Interest-bearing      liabilities:                                                                                                                                                                                                                                                                             |   |                                               |   |   |   |   |
| Interest-bearing      transaction accounts                                                                                                                                                                                                                                                                           |   | 3                                                  |   | (4) |   | (1) |
| Savings      accounts                                                                                                                                                                                                                                                                                                |   | (1)                                                |   | 1 |   | - |
| Time      deposits                                                                                                                                                                                                                                                                                                   |   | (397)                                              |   | 66 |   | (331) |
| Securities      sold under repurchase agreements                                                                                                                                                                                                                                                                     |   | (4)                                                |   | (42) |   | (46) |
| Federal      funds purchased                                                                                                                                                                                                                                                                                         |   | -                                                  |   | - |   | - |
| FHLB      borrowings                                                                                                                                                                                                                                                                                                 |   | 10                                                 |   | (118) |   | (108) |
| Subordinated      debentures                                                                                                                                                                                                                                                                                         |   | (15)                                               |   | - |   | (15) |
|              Total net change in expense      on                                interest-bearing      liabilities |   | (404)                                              |   | (97) |   | (501) |
|  Net      change in net interest income                                                                                                                                                                                                                                                                         |   | $     387                 |   | $         (55) |   | $          332 |
|  Percentage      change                                                                                                                                                                                                                                                                                         |   | 116.57%                                            |   | (16.57)% |   | 100.0% |

----

| (      Dollars in thousands)                      | March 31, 2010 | March 31, 2009 |      Increase(Decrease) |
|---------------------------------------------------|----------------|----------------|--------------------------------------------------|
| Service      charges on deposit accounts          | $326           | $301           | $25                                              |
| Other      service charges and fees               | 78             | 79             | (1)                                              |
| Gain      on sale of mortgage loans held for sale | 38             | 112            | (74)                                             |
| Lease      income                                 | 38             | 43             | (5)                                              |
| BOLI      income                                  | 74             | 75             | (1)                                              |
| Other      income                                 | 36             | 31             | 5                                                |
|                                              | $590           | $641           | $(51)                                            |

| (Dollars      in thousands)               | March 31, 2010 | March 31, 2009 | Increase(Decrease) |
|-------------------------------------------|----------------|----------------|--------------------|
| Salaries      and employee benefits       | 1,101          | 1,328          | $(227)             |
| Net      occupancy expense                | 310            | 316            | (6)                |
| Equipment      expense                    | 161            | 180            | (19)               |
| Advertising      and public relations     | 47             | 86             | (39)               |
| Professional      fees                    | 116            | 155            | (39)               |
| Data      processing services             | 208            | 136            | 72                 |
| Franchise      shares and deposit tax     | 105            | 125            | (20)               |
| FDIC      Insurance                       | 124            | 101            | 23                 |
| Core      deposit intangible amortization | 66             | 70             | (4)                |
| Postage      and office supplies          | 39             | 55             | (16)               |
| Telephone      and other communications   | 43             | 54             | (11)               |
| Other      real estate expenses           | 70             | 79             | (9)                |
| Other      operating expenses             | 152            | 176            | (24)               |
|                                      | $2,542         | $2,861         | $(319)             |

----

----

|                                   |   | (Dollars      in Thousands)                 |
|----------------------------------------|--------|---------------------------------------------|
|                                   |   | March      31, 2010                         |   | December      31, 2009 |
|                                   |   |                                        | %      ofTotal      Loans |   |   | %      ofTotal      Loans |
|  Commercial      and agricultural |   | $      79,409 | 29.92% |   | $      74,944 | 28.40% |
| Commercial      real estate            |   | 102,975                                     | 38.80% |   | 104,768 | 39.70% |
| Residential      real estate           |   | 72,542                                      | 27.33% |   | 73,166 | 27.72% |
| Consumer                               |   | 10,500                                      | 3.95% |   | 11,044 | 4.18% |
|                                   |   | $   265,426                  | 100.00% |   | $   263,922 | 100.00% |

|                                          |   | (Dollars      in Thousands) |
|-----------------------------------------------|--------|-----------------------------|
| Loan      Maturitiesas      of March 31, 2010 |   | Within      OneYear         |   | After      One but Within Five Years |   | After      FiveYears |   | Total |
| Commercial      and agricultural              |   | $37,768                     |   | $30,451 |   | $11,190 |   | $79,409 |
| Commercial      real estate                   |   | 27,536                      |   | 36,165 |   | 39,274 |   | 102,975 |
| Residential      real estate                  |   | 4,835                       |   | 18,945 |   | 48,762 |   | 72,542 |
| Consumer                                      |   | 2,767                       |   | 7,375 |   | 358 |   | 10,500 |
| Total                                         |   | $72,906                     |   | $92,936 |   | $99,584 |   | $265,426 |

----

|                                                   |   | (Dollars      in Thousands)                                                  |
|--------------------------------------------------------|--------|------------------------------------------------------------------------------|
|                                                   |   | March      31, 2010                                                          |   | December      31, 2009 |
|  Non-performing      loans                        |   | $            630 |   | $            1,230 |
| Non-performing      assets                             |   | 1,676                                                                        |   | 2,384 |
| Allowance      for loan losses                         |   | 4,083                                                                        |   | 3,988 |
| Non-performing      assets to total assets             |   | 0.48%                                                                        |   | 0.69% |
| Net      charge-offs to average total loans            |   | 0.12%                                                                        |   | 1.72% |
| Allowance      for loan losses to non-performing loans |   | 648.10%                                                                      |   | 324.23% |
| Allowance      for loan losses to total loans          |   | 1.54%                                                                        |   | 1.51% |

----

|                                                          | March      31, 2010 | March      31, 2009 |
|---------------------------------------------------------------|---------------------|---------------------|
| (Dollars      In thousands)                                   |                |                |
| Balance,      beginning of year                               | $3,988              | $3,816              |
| Provision      for loan losses                                | 400                 | 300                 |
| Amounts      charged off:                                     |                |                |
| Commercial                                                    | (107)               | (78)                |
| Commercial      real estate                                   | (164)               | (25)                |
| Residential      real estate                                  | (37)                | (34)                |
| Consumer                                                      | (9)                 | (31)                |
| Total      loans charged off:                                 | (317)               | (168)               |
| Recoveries      of  amounts previously charged off: |                |                |
| Commercial                                                    | 3                   | 8                   |
| Commercial      real estate                                   | -                   | -                   |
| Residential      real estate                                  | 8                   | 1                   |
| Consumer                                                      | 1                   | 1                   |
| Total      recoveries                                         | 12                  | 10                  |
| Net      (charge-offs) recoveries                             | (305)               | (158)               |
| Balance,      end of period                                   | $4,083              | $3,958              |

----

|                                                |   | (Dollars      in Thousands)                                                              |
|-----------------------------------------------------|--------|------------------------------------------------------------------------------------------|
|                                                |   | March      31, 2010                                                                      |   | December      31, 2009 |
|                                                |   | Amount                                                                                   | %      of Loansin      EachCategoryto      TotalLoans |   | Amount | %      of Loansin      EachCategoryto      TotalLoans |
|                                                |   |                                                                                     |
|                                                |   |                                                                                     |
|                                                |   |                                                                                     |
|                                                |   |                                                                                     |
|  Residential  real      estate loans |   | $              794 | 27.33% |   | $              805 | 27.72% |
| Consumer      and other loans                       |   | 140                                                                                      | 3.95% |   | 148 | 4.18% |
| Commercial      and agricultural                    |   | 2,180                                                                                    | 29.92% |   | 2,085 | 28.40% |
| Commercial      real estate                         |   | 924                                                                                      | 38.80% |   | 892 | 39.70% |
| Unallocated                                         |   |          45                                 |     0.00% |   |          58 |     0.00% |
|  Total      allowance for loan losses          |   | $           4,083                 | 100.00% |   | $           3,988 | 100.00% |

----

|                                                |   | (Dollars      in Thousands) |
|-----------------------------------------------------|--------|-----------------------------|
|                                                |   | March      31, 2010         |   | December      31, 2009 |
| U.S.      Treasury and U.S. Government agencies     |   | $17,150                     |   | $19,102 |
| Agency      mortgage-backed securities: residential |   | 1,933                       |   | 2,061 |
| Municipal      securities                           |   | 19,267                      |   | 19,196 |
| Other      securities                               |   | 900                         |   | 700 |
| Total      available-for-sale securities            |   | $39,250                     |   | $41,059 |

| March      31, 2010                                                                                                                                                                                                                                                                          |   | (Dollars      in Thousands)                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|
|                                                                                                                                                                                                                                                                                         |   | One      Yearor      Less                    | OverOne      YearThroughFive      Years | OverFive      YearsThroughTen      Years | OverTen      Years | TotalMaturities | FairValue |
| U.S.      Government agencies                                                                                                                                                                                                                                                                |   | $       - | $     9,497 | $7,734 | $        - | $      17,231 | $17,150 |
| Agency      mortgage-backed securities: (1)                                                                                                                                                                                                                                                  |   |       40       | 1,831 | - | - | 1,871 | 1,933 |
| Municipal      securities                                             |   | 206                                          | 1,974 | 7,520 | 9,103 | 18,803 | 19,267 |
| Other      Securities                                                 |   | -                                            | - | - | 1,862 | 1,862 | 900 |
|   Total      available-for-sale securities                                                                                                                                                                                                                                         |   | $  246                             | $      13,302 | $15,254 | $      10,965 | $      39,767 | $      39,250 |
|                                                                                                                                                                                                                                                                                         |   |                                         |   |   |   |   |   |
| Percent      of      total                                            |   | .6%                                          | 33.4% | 38.4% | 27.6% | 100.0% |   |
| Weighted      average yield(2)                                                                                                                                                                                                                                                          |   | 5.08%                                        | 2.90% | 3.95% | 6.00% | 4.19% |   |

| (1) | Agency mortgage-backed      securities (residential) are grouped into average lives based on March      2010 prepayment projections. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      weighted average yields are based on amortized cost and municipal      securities | are      calculated on a full tax- equivalentbasis. |
|-----|--------------------------------------------------------------------------------------------|-----------------------------------------------------|

----

|                                     | (Dollars      in Thousands)                                               |
|------------------------------------------|---------------------------------------------------------------------------|
|                                     | March      31, 2010                                                       |
| Three      months or less                | $   17,046                                                 |
| Over      three through six months       |          17,468                                            |
| Over      six through twelve months      |          18,859                                            |
| Over      one year through three years   |          24,602                                            |
| Over      three years through five years |               740                 |
| Over      five years                     |                  - |
| Total                                    | $   78,715                                                 |

|   |   |                   |   |   |   | (Dollars      in Thousands) |
|--------|--------|------------------------|--------|--------|--------|-----------------------------|
| Type   |   | Maturity               |   | Rate   |   | Amount                      |
| Fixed  |   | August      28, 2012   |   | 4.25%  |   | 500                         |
| Fixed  |   | December      24, 2012 |   | 3.36%  |   | 2,000                       |
| Fixed  |   | December      24, 2014 |   | 3.46%  |   | 2,000                       |
| Fixed  |   | February      25, 2015 |   | 2.85%  |   | 2,000                       |
|   |   |                   |   |   |   |  $6,500                |

----

| (Dollars      in thousands)                                           |                |
|-----------------------------------------------------------------------|---------------------|
|                                                                  | March      31, 2010 |
|  Federal      funds purchased and repurchase agreements:         |                |
| Balance      at period end                                            | $895                |
| Weighted      average rate at period end                              | 0.81%               |
| Average      balance during the three months ended March 31, 2010     | $910                |
| Weighted      average rate for the three months ending March 31, 2010 | 1.33%               |
| Maximum      month-end balance                                        | $895                |

----

----

| Our      capital ratios (calculated in accordance with regulatory guidelines) were      as follows:                                                                                                                                                                  |   | March      31, 2010 |   | December      31, 2009 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|------------------------|
| Tier 1 leverage      ratio                                        |   | 10.75%              |   | 10.52%                 |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 4.00%               |   | 4.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | N/A                 |   | N/A                    |
| Tier      1 risk-based capital ratio                                                                                                                                                                                                                                 |   | 12.74%              |   | 12.54%                 |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 4.00%               |   | 4.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | N/A                 |   | N/A                    |
| Total risk-based capital      ratio                                                                                                                              |   | 13.99%              |   | 13.79%                 |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 8.00%               |   | 8.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | N/A                 |   | N/A                    |

|                                                                                                                                                                                                                                                                 |   | March      31,      2010 |   | December      31, 2009 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|--------|------------------------|
| Tier 1 leverage      ratio                                        |   | 9.52%                    |   | 9.38%                  |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 4.00%                    |   | 4.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | 5.00%                    |   | 5.00%                  |
| Tier      1 risk-based capital ratio                                                                                                                                                                                                                                 |   | 11.29%                   |   | 11.12%                 |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 4.00%                    |   | 4.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | 6.00%                    |   | 6.00%                  |
| Total risk-based capital      ratio                                                                                                                              |   | 12.55%                   |   | 12.37%                 |
|    Regulatory      minimum                                                                                                                                                                                                                            |   | 8.00%                    |   | 8.00%                  |
|    “Well-capitalized”      minimum                                                                                                                                                                                                        |   | 10.00%                   |   | 10.00%                 |

----

----

| 3.1 | Restated      Articles of Incorporation of Citizens First Corporation, as amended      (incorporated by reference to Exhibit 3.1 of the Company’s Registration      Statement on Form SB-2 (No.333-103238)). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Articles      of Amendment to Amended and Restated Articles of Incorporation of Citizens      First Corporation (incorporated by reference to Exhibit 3. 3 of the      Registrant’s Form 10-QSB dated June 30,2004). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Articles      of Amendment to Amended and Restated Articles of Incorporation of Citizens      First Corporation (incorporated by reference to Exhibit 3. 1 of the      Registrant’s Form 8-K filed June 5,2007). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | Articles      of Amendment to Amended and Restated Articles of Incorporation of Citizens      First Corporation (incorporated by reference to Exhibit 3. 1 of the      Registrant’s Form 8-K filed December 23,2008). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | Amended      and Restated Bylaws of Citizens First Corporation (incorporated by      reference to Exhibit 3 of the Registrant’s Current Report on Form 8-K/A      filed April 27, 2009). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1 | Restated      Articles of Incorporation of Citizens First Corporation, as amended (see      Exhibit 3.1). |
|-----|-----------------------------------------------------------------------------------------------------------|

| 4.2 | Articles      of Amendment to Amended and Restated Articles of Incorporation of Citizens      First Corporation (see Exhibits 3.2, 3.3 and  3.4). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | Amended      and Restated Bylaws of Citizens First Corporation (see Exhibit      3.5). |
|-----|----------------------------------------------------------------------------------------|

|  4.4 |  Copy      of Registrants’ Agreement Pursuant to Item 601(b) (4) (iii) (A) of      Regulation S-K dated March 30, 2007 with respect to certain debt      instruments (incorporated by reference to Exhibit 4.4 of the Registrant’s      Form 10K-SB dated March 31, 2007). |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5 | Warrant      to Purchase Common Stock (incorporated by reference to Exhibit 4.1 of the      Registrant’s Current Report on Form 8-K filed December 23,      2008). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

| 32.2 | Certification      of Chief Financial Officer Pursuant to 18 U.S.C.    Section1350. |
|------|-------------------------------------------------------------------------------------|

----

|   |                | CITIZENS      FIRST CORPORATION                           |
|--------|---------------------|-----------------------------------------------------------|
|   |                |                                                      |
|   |                |                                                      |
| Date:  | April      30, 2010 | /s/M. Todd Kanipe                                         |
|   |                | M.      Todd Kanipe                                       |
|   |                | President      and Chief Executive Officer                |
|   |                |                                                      |
|   |                |                                                      |
|   |                |                                                      |
|   |                |                                                      |
|   | April      30, 2010 | /s/ J. Steven      Marcum                                 |
|   |                | J.      Steven Marcum                                     |
|   |                | Executive      Vice President and Chief Financial Officer |
|   |                |                                                      |