1st NC Bank

Investor Relations

Press Releases

16926 St. Clair Ave., P. O. Box 796
East Liverpool, OH 43920
(330) 385-9200

May 27, 2011

1st Banc Reports Dividends
1st Quarter Earnings

East Liverpool, OH – The Board of Directors of Tri-State 1st Banc Inc. has declared a dividend to its holders of common stock and Series A Preferred stock in the amount of $.05 per share.  The dividends are payable to shareholders on the record date of May 13th and will be paid on June 6, 2011.  The company will pay approximately $50,000 to its shareholders in order to meet this dividend payment.

Assets at the end of the 1st Quarter 2011 were $132.7 million.  This constituted an increase of $8.7 million since year end 2010 when assets totalled $124.0 million.  The 7% increase can be at least in part attributed to activity in the shale gas business that was deposited in the banking subsidiary.  According to Chairman Charles B. Lang those deposits were generated when landowners entered into gas leases for the use of their property.

Net Income for the 1st Quarter of 2011 was $112,861.  This is an increase of $17,621 or 18.5% from the 1st Quarter of 2010.  The four subsidiaries of Tri-State are 1st National Community Bank, Gateminder Corporation, MDH Investment Management Inc and Cooper Insurance Agency.

The subsidiary 1st Bank reported net income of $145.2 thousand which was an increase of  17.4% or $21.5 thousand over the 1st Quarter of 2010.  President and CEO of the Bank, Stephen R. Sant, commented:  “We are very pleased with our first quarter results.  In addition to improved earnings, 1st Bank’s assets grew by 4.3% over the 1st Quarter of 2010 and we saw continued improvement in asset quality.”

Tri-State 1st Banc stock is publicly traded with a NASDAQ.BB symbol of “TSOH.OB”.  The company is headquartered at 16926 St. Clair Avenue, East Liverpool, Ohio.  Tri-State’s shareholder base is made up largely of persons who reside and work in the tri-state area.  All employees of the Bank are included in ownership through an Employee Stock Ownership Plan that was adopted in 1996 by the company.  Stephen Sant serves as the President of Tri-State.

Contact Person: 
Stephen A. Beadnell, CFO
Tri-State 1st Banc Inc.
16926 St. Clair Ave., P.O. Box 796
East Liverpool, OH  43920

1st National Community Bank | 16924 St. Clair Avenue | East Liverpool, OH 43920 | Phone: 330/385-9200 | Fax: 330/386-7452

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