EXHIBIT 99.1

SERVICE 1ST BANCORP
AUDIT COMMITTEE CHARTER

PURPOSE

The
Audit Committee (Committee) is appointed by the Board of Directors to assist
the Board of Directors, among other matters, in monitoring the following:

1.      The
integrity of the Companys financial statements, financial reporting processes
and internal controls regarding finance, accounting, regulatory and legal
compliance;

2.      The
independence, qualifications and performance of the Companys independent
public accountants;

3.     The
performance of the Companys internal auditors;

4.     Communications
among the independent public accountants, management, internal auditors, and
the Board of Directors; and

5.     Procedures
for the receipt, retention and treatment of complaints received by the Company
regarding accounting, internal accounting controls or auditing matters,
including procedures for the confidential, anonymous submission by the
Companys employees of concerns regarding questionable accounting or auditing
matters.

COMMITTEE MEMBERSHIP

The
Committee shall be comprised of at least three directors.  Each member of the Committee shall have the
following attributes, subject to permissible exceptions:

1.     Independence,
as defined in applicable rules promulgated by the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002, and, as and if
applicable, the Nasdaq Listing Rules, including that a member shall not have
participated in the preparation of the financial statements of the Company or
any current subsidiary of the Company at any time during the past three years;
and

2.     The
ability to read and understand fundamental financial statements, including the
Companys balance sheet, income statement, and cash flow statement.

At
least one member of the Committee shall be an Audit Committee Financial
Expert as defined in the rules promulgated by the Securities and Exchange
Commission, or in the event that no member of the Committee qualifies as an
Audit Committee Financial Expert, at least one member of the Committee shall be
financially sophisticated as defined in the Nasdaq Listing Rules.  The members of the Committee shall be
appointed by the Board of Directors and serve at the pleasure of the Board of
Directors.

MEETINGS

The
Committee shall meet as often as it determines necessary, but not less
frequently than quarterly each fiscal year. The Committee shall meet
periodically with the Companys management, independent public accountants,
internal auditor, and, as applicable, its compliance officer.

The
Committee may request any officer or employee of the Company, or the Companys
counsel, or independent public accountants, or internal auditors, or compliance
officer, to attend a meeting of the Committee or to meet with any members of,
or advisors to, the Committee.

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COMMITTEE AUTHORITY AND RESPONSIBILITIES

The
Committee, in its capacity as a committee of the Board of Directors, shall be
directly responsible for the appointment of the independent public accountants
(subject, if applicable, to shareholder ratification) and for the retention,
compensation and oversight of the work of the independent public accountants
(including resolution of disagreements between management and the independent
public accountants regarding financial reporting) for the purpose of preparing
or issuing an audit report or performing other audit, review or attest services
for the Company.  The independent public
accountant shall report directly to the Committee.

The
Committee shall pre-approve all audit services and permissible non-audit
services to be performed for the Company by the independent public accountants,
subject to any permitted exceptions for pre-approval of non-audit services
pursuant to rules and regulations of the Securities and Exchange Commission
and/or, as applicable, Nasdaq.

The
Committee shall have the authority, to the extent it deems necessary or
appropriate, to retain independent legal, accounting or other advisors.  The Company shall provide for appropriate
funding, as determined by the Committee, for payment of compensation to the
independent public accountants for the purpose of preparing or issuing an audit
report or performing other audit, review or attest services and to any other
advisors employed by the Committee.

The
Committee shall establish procedures for the receipt, retention, and treatment
of complaints received by the Company regarding accounting, internal accounting
controls or auditing matters, including procedures for the confidential,
anonymous submission by the Companys employees of concerns regarding
questionable accounting or auditing matters.

The
Committee shall make regular reports to the Board of Directors.  The Committee shall review and reassess the
adequacy of this Charter annually and recommend any proposed changes to the
Board of Directors for approval.

The
Committee, to the extent required by applicable rules or regulations of the
Securities and Exchange Commission and/or, as applicable, Nasdaq, or as the
Committee deems necessary or appropriate, shall perform the following:

1.      Financial
Statement and Disclosure Matters

(a)     Review
with management and the independent public accountants the annual audited
financial statements, including disclosures made in the Companys Annual Report
on Form 10-KSB or 10-K, as applicable.

(b)     Review
with management, the independent public accountants, the internal auditors and
Company counsel any certification provided by management related to the
Companys financial statements.  Review
with management, the independent public accountants, and the internal auditors
managements assertion regarding the design effectiveness and operation efficiency
of the Companys internal control over financial reporting and compliance with
the applicable laws and regulations.

(c)     Review
with management and the independent public accountants significant financial
reporting issues and judgments made in connection with the preparation of the
Companys financial statements, including any significant changes in the
Companys selection or application of accounting principles, any material
issues as to the adequacy of the Companys internal controls and any actions
taken or adopted in light of material control deficiencies.

(d)     Review
a report by the independent public accountants concerning (i) all critical
accounting policies and practices to be used; (ii) alternative treatments of financial
information within GAAP that have been discussed with management, ramifications
of the use of such alternative disclosures and treatments, and the treatment
preferred by the independent public accountants; and (iii) any other material
written communications between the independent public accountants and the
Companys management.

(e)     Review
with management and the independent public accountants the effect of regulatory
and accounting initiatives as well as off-balance sheet structures on the
Companys financial statements.

(f)
     Review with management the Companys major
financial risk exposures and the actions management has taken to monitor and
control such exposures, including the Companys risk assessment and risk
management policies.

(g)     Review
with the independent public accountants (i) the matters required to be
discussed by the Statement on Auditing Standards No. 61 (Codification of
Statements on Auditing Standards), as modified or supplemented; (ii) the letter
from the independent public accountants required by Independence Standards
Board Standard No. 1 (Independence Discussions with Audit Committees), as
modified or supplemented, and the independence of the independent public
accountants related thereto; and (iii) matters relating to the conduct of the
audit, including any difficulties encountered in the course of the audit work,
any restrictions on the scope of activities or access to requested information,
and any significant disagreements with management.

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(h)     Review
disclosures made to the Committee by the Companys Chief Executive Officer and
Chief Financial Officer during their certification about any significant deficiencies
in the design or operation of internal controls or material weaknesses therein
and any fraud involving management or other employees who have a significant
role in the Companys internal controls.

2.      Independent
Public Accountant Oversight

(a)     Review
the length of time the lead and concurring partner of the independent public
accountants team has been engaged to audit the Company.

(b)     On
an annual basis, the Committee shall review and discuss with the independent
public accountants (i) all relationships they have with the Company that could
impair the independent public accountants independence; (ii) the independent
public accountants internal quality control procedures; and (iii) any material
issues raised by the most recent internal quality control review or peer review
of the independent public accountants firm or by any inquiry or investigation
by governmental or professional authorities, within the preceding five years,
respecting one or more independent audits carried out by the independent public
accountants firm, and the steps taken to deal with those issues.

(c)     Ensure
the rotation of the lead audit partner of the independent public accountants
having primary responsibility for the Companys audit and the audit partner responsible
for reviewing the audit to the extent required by applicable law or
regulation.

(d)     Prohibit,
to the extent required by applicable law or regulation, the hiring of any
employee of the independent public accountants who was engaged on the Companys
account and who would be employed by the Company in a financial reporting
oversight role.

(e)     Meet
with the independent public accountants prior to the Companys audit to discuss
the planning and staffing of the audit.

3.      Internal
Audit Oversight

(a)     Approve
the appointment and replacement of the independent firm of internal auditors;
including the independence and authority of the auditors reporting obligations.

(b)     Review
significant reports to management prepared by the auditors and managements
responses.

(c)     Review
with the auditors and management the auditors responsibilities, budget and
staffing and any recommended changes in the planned scope of the internal audit.

(d)     Review
the audit scope and audit staffing plan and discuss the completeness of
coverage and effective use of audit resources with both the auditors and the
independent public accountants.

(e)     Review
with the auditors a progress report on the internal audit plan and any
significant changes with explanations for any changes from the original plan.

(f)     Receive
confirmation from both the auditors and the independent public accountants that
no limitations have been placed on the scope or nature of their audit process
or procedures.

4.      Compliance
and Internal Control Oversight

(a)     Review
reports and disclosures of insider and affiliated party transactions.

(b)     Review
with management and the independent public accountants any correspondence with
regulators or governmental agencies and any published reports which raise
material issues regarding the Companys internal controls, financial statements
or accounting policies.

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(c)     Review
legal matters that may have a material impact on the financial statements or
the Companys compliance policies with the Companys counsel.

(d)     Review
the adequacy and effectiveness of the Companys internal controls and security
matters with management, the auditors and the independent public accountants.

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