Hampshire First Bank Earnings Increase 115%

MANCHESTER, NH--(Marketwire - Apr 27, 2011) - Hampshire First Bank's (the "Bank") (OTCBB: HFBN) net income for the three months ending March 31, 2011 totaled $374,000 or $0.13 (basic and diluted) per share compared to net income of $174,000 or $0.06 (basic and diluted) per share for the same period last year. Net interest income for the first quarter of 2011 amounted to $2,146,000 while fee income totaled $87,000. These amounts show increases of $585,000 and $39,000 respectively over first quarter of 2010 results. "The improvement in net interest income is primarily a result of the Bank's overall growth," said James Dunphy, President and CEO of Hampshire First Bank. "Fee income increases came from gains on residential loan sales."