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                                  EXHIBIT 99.1

                      COLUMBIA COUNTY FARMERS NATIONAL BANK

                         CHARTER OF THE AUDIT COMMITTEE

                                  May 31, 2007

Objective

The objective of the Audit Committee is to assist the full Board of Directors in
fulfilling its fiduciary responsibilities. The Audit Committee is responsible
for evaluating the Bank's compliance with laws, regulations, policies and
procedures, and determining that the Bank has adequate administrative, operating
and internal accounting controls. In addition, the Audit Committee is
responsible for providing reasonable assurance regarding the integrity of
financial and other data used by the Board of Directors

Responsibilities

The Audit Committee is responsible for:

      -     Reviewing published Bank financial statements and the annual Report
            for accuracy, timeliness, and appropriate financial statement
            disclosures.

      -     Reviewing the adequacy and effectiveness of key accounting and
            financial policies, including any significant changes thereto.

      -     Evaluating security for computer systems, facilities, and backup
            systems.

      -     Determining that no restrictions are imposed upon the audit scope
            that would hinder independence of the audit function.

      -     Evaluating responses by management to audit findings and reports.

      -     Monitoring management implementation of audit recommendations.

      -     Assessing the impact of new accounting principles or policies
            promulgated by the accounting profession or proposed by Bank
            personnel.

      -     Overseeing the investigation of conflicts of interest and unethical
            conduct.

      -     Facilitating communication among the Board of Directors, the Bank's
            external auditors, internal auditors, the O.C.C. and the Federal
            Reserve Bank.

      -     Reviewing and approving annual audit plans of the external and
            internal auditors.

      -     Ensuring the receipt from the external and internal auditors of a
            formal written statement delineating all relationships between the
            auditor and the Bank. Also, actively engages in a dialogue with the
            auditor with response to any disclosed relationships or services
            that may impact the objectivity and independence of the auditor, and
            to take appropriate action to ensure the independence of the outside
            auditors.

      -     Requiring the external and internal auditor to discuss with the
            audit committee the auditors judgments about the quality, not just
            acceptability, of the Bank's accounting principles applied in its
            financial reporting. Also, recommends that outside auditors discuss
            the clarity of the company's disclosures.

      -     Requiring a disclosure to shareholders to disclose whether the audit
            committee:

                  1.    discussed with management the quality of the accounting
                        principles and significant judgments affecting the
                        company's financial statements;

                  2.    discussed with the outside and internal auditor the
                        auditors assessment of the quality of management's
                        accounting principles and judgments;

                  3.    discussed among themselves, without the presence of
                        management or the outside or internal auditor, the
                        information from (1) and (2); and

                  4.    believes that the company's financial statements are
                        fairly presented in conformity with GAAP.

The above responsibilities of the Audit Committee will be discharged through
review of audit reports and discussions with external auditors, as well as Bank
management.

Administrative

      -     The Audit Committee will consist of at least two Board members and a
            Chair-person designated by the Board. The process of appointing
            members to the Audit Committee will provide a level of service
            continuity.

      -     Each committee member shall be independent according to the
            specified criteria in Section 301 of the Sarbanes-Oxley Act of 2002.

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      -     The Audit Committee members will be directly responsible for the
            appointment, compensation, retention, and oversight of the issuer's
            outside and internal auditors, and the outside and internal auditors
            must report directly to the Audit Committee.

      -     The Audit committee will establish procedures for handling
            complaints regarding accounting, internal controls and auditing
            matters.

      -     The Audit committee will have the authority to engage independent
            counsel and other advisors.

      -     CCFNB will provide appropriate funding for the Audit Committee.

      -     The Audit Committee will meet at least four times a year and will
            have the opportunity to meet in executive session with external and
            internal auditors at least annually. Furthermore, the Committee has
            the authority to call additional meetings and has the ability to
            communicate with Senior Management between regularly scheduled
            meetings, as deemed necessary.

      -     Written minutes shall be prepared for each meeting and distributed
            to the full Board of Directors.

      -     Require disclosure to shareholders of whether the audit committee
            has adopted a written charter, and if so, whether the committee has
            satisfied its responsibilities during the prior year in compliance
            with the charter. The charter should be disclosed at least
            triennially in the annual report and in the next annual report after
            any significant amendments are made to the charter.

   This charter will be reviewed and approved at least annually by the Audit
Committee. The Audit Committee Charter also will be reviewed and approved by the
                    Board of Directors on an annual basis."

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