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Community First Bancorporation, Inc. (OTC: CFOK) released its first quarter 2024 financial results. The company reported a merger with Dogwood State Bank, a net interest margin of 3.04%, and earnings of $1,007,000 with a book value per common share of $9.06. Noninterest income decreased, but noninterest expenses also reduced. President and CEO Richard D. Burleson highlighted the impact of higher funding costs on net income.
