Press Release — For Immediate Release

January 25, 2011

CCFNB Bancorp, Inc. Reports Fourth Quarter 2010 Earnings

Bloomsburg, PA — CCFNB Bancorp, Inc. (OTC: CCFN), parent company of First Columbia Bank & Trust Co., has released its unaudited consolidated financial statements for the Fourth quarter of 2010.

Net income, as reported under U.S. Generally Accepted Accounting Principles, for the three months ended December 31, 2010 was $1,417,000 compared to $1,322,000 for the same period in 2009. On a year to date basis, consolidated net income for the year-ended December 31, 2010 was $6,304,000 compared to $5,877,000 for the same period in 2009. Earnings per share for the three months ended December 31, 2010 and 2009 were $.63 and $.59, respectively. Annualized return on average assets and return on average equity were 0.93% and 8.41% for the three months ended December 31, 2010 as compared to 0.91% and 8.33% for the same period of 2009. On a 2010 year-to-date basis, the return on average assets and return on average equity were 1.03% and 9.35%, respectively. The return on average assets and return on average equity were 1.01% and 9.25% for the year ended December 31, 2009.

The net interest margin, tax effected, on interest earning assets was 3.68% as of December 31, 2010 as compared to 3.80% as of December 31, 2009.

Total assets increased $11.8 million to $614.3 million at December 31, 2010 from $602.5 million at December 31, 2009. Since the end of 2009, net loans increased $9.3 million, an increase of 2.87%. Total deposits increased $11.5 million while short term borrowings increased $6.8 million since the end of 2009. Long term borrowings decreased $9.0 million since the end of 2009.

When compared to December 31, 2009, Stockholders’ equity, excluding accumulated other comprehensive income, has increased $3.0 million to $65.6 million as of December 31, 2010. The current level of stockholders’ equity equated to a book value per share of $30.52 at December 31, 2010 as compared with $28.95 as of December 31, 2009. During the year-ended December 31, 2010 cash dividends of $1.18 per share were paid to stockholders compared to $1.03 for the comparable period of 2009. The current dividend represents an increase of 14.6% as compared to 2009 amounts. CCFNB Bancorp, Inc. remains well capitalized, with an equity to assets ratio of 11.1% as compared to 10.8% as of December 31, 2009.

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

CCFNB Bancorp, Inc.
Consolidated Balance Sheets

		(Unaudited)
		December 31,				December 31,
(In Thousands)		2010				2009
ASSETS
Cash and due from banks		$	7,263			$	8,922
Interest-bearing deposits in other banks			18,683				1,945
Federal funds sold			1,649				592
Total cash and cash equivalents			27,595				11,459
Investment securities, available for sale, at fair value			207,173				220,266
Restricted securities, at cost			3,012				2,984
Loans, net of unearned income			340,453				330,489
Less: Allowance for loan losses			4,801				4,210
Loans, net			335,652				326,279
Premises and equipment, net			11,992				12,583
Accrued interest receivable			1,632				2,006
Cash surrender value of bank-owned life insurance			11,942				11,440
Investment in limited partnerships			1,607				687
Intangible Assets:
Core deposit			2,192				2,768
Goodwill			7,937				7,937
Prepaid FDIC assessment			1,490				2,037
Other assets			2,075				2,043
TOTAL ASSETS		$	614,299			$	602,489
LIABILITIES
Interest-bearing deposits		$	410,915			$	406,554
Noninterest-bearing deposits			62,877				55,734
Total deposits			473,792				462,288
Short-term borrowings			58,759				51,997
Long-term borrowings			6,123				15,128
Junior subordinate debentures			4,640				4,640
Accrued interest payable			652				859
Other liabilities			2,479				2,491
TOTAL LIABILITIES			546,445				537,403
STOCKHOLDERS’ EQUITY
Common stock, par value $1.25 per share; authorized 5,000,000 shares; issued 2,286,931 shares in 2010 and 2,270,850 shares in 2009			2,859				2,838
Surplus			27,964				27,539
Retained earnings			36,397				32,723
Accumulated other comprehensive income			2,221				2,523
Treasury stock, at cost; 61,000 shares in 2010 and 22,500 shares in 2009			(1,587	)			(537	)
TOTAL STOCKHOLDERS’ EQUITY			67,854				65,086
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	614,299			$	602,489

CCFNB Bancorp, Inc.
Consolidated Statements of Income
(Unaudited)

		For the Three Months Ended December 31,								For the Twelve Months Ended December 31
(In Thousands, Except Per Share Data)		2010				2009				2010				2009
INTEREST AND DIVIDEND INCOME
Interest and fees on loans:
Taxable		$	4,581			$	4,839			$	18,662			$	18,925
Tax-exempt			269				206				963				828
Interest and dividends on investment securities:
Taxable			1,526				1,967				6,668				8,162
Tax-exempt			95				114				397				429
Dividend and other interest income			11				10				42				58
Federal funds sold			1				(1	)			2				10
Deposits in other banks			15				7				42				8
TOTAL INTEREST AND DIVIDEND INCOME			6,498				7,142				26,776				28,420
INTEREST EXPENSE
Deposits			1,352				1,703				5,809				7,478
Short-term borrowings			117				114				427				368
Long-term borrowings			39				178				349				640
Junior subordinate debentures			24				24				98				128
TOTAL INTEREST EXPENSE			1,532				2,019				6,683				8,614
NET INTEREST INCOME			4,966				5,123				20,093				19,806
PROVISION FOR LOAN LOSSES			685				495				1,555				1,025
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			4,281				4,628				18,538				18,781
NON-INTEREST INCOME
Service charges and fees			450				453				1,778				1,704
Gain on sale of loans			355				259				1,113				806
Earnings on bank-owned life insurance			119				121				444				445
Brokerage			79				91				325				281
Trust			156				193				663				655
Investment security losses			(42	)			(314	)			(42	)			(385	)
Interchange fees			226				201				850				743
Other			306				248				992				816
TOTAL NON-INTEREST INCOME			1,649				1,252				6,123				5,065
NON-INTEREST EXPENSE
Salaries			1,656				1,538				6,447				6,314
Employee benefits			387				260				1,811				1,492
Occupancy			278				252				1,114				1,062
Furniture and equipment			328				328				1,330				1,272
State shares tax			143				129				561				529
Professional fees			128				140				595				587
Director’s fees			71				69				274				284
FDIC assessments			150				377				610				920
Telecommunications			110				84				385				347
Amortization of core deposit intangible			134				151				576				643
Automated teller machine and interchange			148				132				560				509
Other			390				466				1,768				1,955
TOTAL NON-INTEREST EXPENSE			3,923				3,926				16,031				15,914
INCOME BEFORE INCOME TAX PROVISION			2,007				1,954				8,630				7,932
INCOME TAX PROVISION			590				632				2,326				2,055
NET INCOME		$	1,417			$	1,322			$	6,304			$	5,877
EARNINGS PER SHARE		$	0.63			$	0.59			$	2.82			$	2.61
CASH DIVIDENDS PER SHARE		$	0.30			$	0.28			$	1.18			$	1.03
WEIGHTED AVERAGE SHARES OUTSTANDING			2,223,709				2,250,758				2,232,239				2,253,087

		Quarter Ended
(Dollars in Thousands, Except Per Share Data)		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
Operating Highlights
Net income		$	1,417			$	1,686			$	1,661			$	1,540			$	1,322
Net interest income			4,966				4,987				5,063				5,077				5,123
Provision for loan losses			685				400				160				310				495
Non-interest income			1,649				1,783				1,393				1,298				1,252
Non-interest expense			3,923				4,127				4,006				3,975				3,926
Financial Condition Data:
Total assets		$	614,299			$	615,788			$	611,553			$	606,084			$	602,489
Loans, net			335,652				335,733				340,629				332,958				326,279
Intangibles			10,129				10,263				10,403				10,554				10,705
Total deposits
Noninterest-bearing		$	62,877			$	62,133			$	58,200			$	55,863			$	55,734
Savings			65,549				64,601				65,169				60,982				58,072
NOW			70,953				68,265				67,858				71,137				71,396
Money Market			42,130				41,654				43,242				43,925				43,465
Time Deposits			232,283				234,270				237,500				236,349				233,621
Total interest-bearing deposits			410,915				408,790				413,769				412,393				406,554
Core deposits*			241,509				236,653				234,469				231,907				228,667
Selected Ratios
Net interest margin(YTD)			3.68	%			3.72	%			3.77	%			3.80	%			3.80	%
Annualized return on average assets			0.93	%			1.11	%			1.10	%			1.02	%			0.91	%
Annualized return on average equity			8.41	%			10.06	%			9.97	%			9.30	%			8.33	%
Capital Ratios
Total risk-based capital ratio			18.49	%			18.16	%			17.79	%			17.33	%			17.62	%
Tier 1 capital ratio			17.24	%			16.91	%			16.59	%			16.20	%			16.38	%
Leverage ratio			10.00	%			9.90	%			9.76	%			9.63	%			9.82	%
Asset Quality Ratios
Non-performing assets		$	4,148			$	4,104			$	4,032			$	4,374			$	4,713
Allowance for loan losses			4,801				4,574				4,175				3,987				4,210
Allowance for loan losses to total loans			1.41	%			1.34	%			1.21	%			1.18	%			1.27	%
Allowance for loan losses to non-performing loans			115.75	%			111.45	%			103.51	%			98.56	%			89.87	%
Per Share Data
Earnings per share		$	0.63			$	0.76			$	0.74			$	0.69			$	0.59
Dividend declared per share			0.30				0.30				0.29				0.29				0.28
Book value			30.52				30.42				30.07				29.51				28.95
Common stock price:
Bid		$	28.00			$	26.30			$	26.25			$	26.55			$	26.35
Ask			31.00				29.50				27.25				28.00				27.22
Weighted average common shares			2,223,709				2,228,836				2,233,227				2,243,439				2,250,758