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<SEC-DOCUMENT>0001169232-03-004991.txt : 20030808
<SEC-HEADER>0001169232-03-004991.hdr.sgml : 20030808
<ACCEPTANCE-DATETIME>20030808112514
ACCESSION NUMBER:		0001169232-03-004991
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030730
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030808

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUARANTY BANCSHARES INC /TX/
		CENTRAL INDEX KEY:			0001058867
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				751656431
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24235
		FILM NUMBER:		03830583

	BUSINESS ADDRESS:	
		STREET 1:		100 WEST ARKANSAS
		CITY:			MT PLEASANT
		STATE:			TX
		ZIP:			75456
		BUSINESS PHONE:		9035729881

	MAIL ADDRESS:	
		STREET 1:		100 WEST ARKANSAS
		CITY:			MT PLEASANT
		STATE:			TX
		ZIP:			75456
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d56493_8-k.htm
<DESCRIPTION>CURRENT REPORT
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<p>&nbsp;</p> </div> </div> <BR>
<p style=' margin-bottom:0pt;text-align:center; margin-top:0pt;'><b><font SIZE=4>SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:0pt;'><b><font SIZE=2>WASHINGTON, D.C. 20549</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:12pt;'><b><font SIZE=4>FORM 8-K</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font SIZE=2>CURRENT REPORT</font></b><br><b><font SIZE=2>PURSUANT TO SECTION 13 OR 15(D) OF</font></b><br><b><font SIZE=2>THE SECURITIES EXCHANGE ACT OF 1934</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:12pt;'><b><font size=2>Date of Report (Date of earliest event reported):</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><b><font size=2>July 30, 2003</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:8pt;'><b><font SIZE=5>GUARANTY BANCSHARES, INC.</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:0pt;'><font size=2>(Exact name of registrant as specified in its charter)</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width="50">&nbsp;</td><td align=center valign=top width="280"><b><font size=2>Texas</font></b><br>
<font size=2>(State or other jurisdiction of</font><br>
<font size=2>incorporation or organization)</font><br></td>
<td align=center valign=top width="280"><b><font size=2>0-23113</font></b><br>
<font size=2>(Commission File Number)</font><br>
<br></td>
<td align=center valign=top width="280"><b><font size=2>75-1656431</font></b><br>
<font size=2>(I.R.S. Employer</font><br>
<font size=2>Identification No.)</font><br></td><td width="50">&nbsp;</td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width="50">&nbsp;</td><td align=center valign=top width="280"><font size=2>&nbsp;</font><br></td>
<td align=center valign=top width="280"><br></td>
<td align=center valign=top width="280"><br></td><td width="50">&nbsp;</td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width="50">&nbsp;</td><td align=center valign=top width="280"><b><font size=2>100 West Arkansas</font></b><br>
<b><font size=2>Mount Pleasant, Texas</font></b><br>
<font size=2>(Address of principal executive offices)</font><br></td>
<td align=center width="280">&nbsp;</td><td align=center valign=top width="280"><br>
<b><font size=2>75455</font></b><br>
<font size=2>(Zip Code)</font></td><td width="50">&nbsp;</td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width="50">&nbsp;</td><td align=center valign=top width="280"><font size=2>&nbsp;</font><br></td>
<td align=center width="280">&nbsp;</td><td align=center valign=top width="280"></td><td width="50">&nbsp;</td></tr></table><br>
<p style=' margin-bottom:0pt;text-align:center; margin-top:12pt;'><b><font size=2>Registrant&#146;s telephone number, including area code:  (903) 572-9881</font></b></p>
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<p>&nbsp;</p> </div> </div> <BR>


<br><p style='margin-bottom:0pt;text-align:left'><font size=2>
</font></p><br><HR noshade align=center width="100%" size=2><p style='page-break-before:always'></p>
<p style='margin-bottom:0;margin-top:12pt;text-indent:0in;'><b><font size=2>Item
  7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><b><font size=2>Financial
  Statements and Exhibits.</font></b></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Exhibits. &nbsp;The following materials are filed as exhibits to this Current Report on Form 8-K:</font></p>
<p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:6pt;'><font size=2>99.1&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release issued by Guaranty Bancshares, Inc. dated July 30, 2003.</font></p>
<p style='margin-bottom:0;margin-top:12pt;text-indent:0in;'><b><font size=2>Item
  12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><b><font size=2>Disclosure
  of Results of Operations and Financial Condition.</font></b></p>
<p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>On July 30, 2003, Guaranty Bancshares, Inc. publicly disseminated a press release announcing its financial results for the second quarter ended June 30, 2003. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference. </font></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font SIZE=2>SIGNATURES</font></b></p>
<p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<table  border="0" cellspacing=0 cellpadding=0 style='margin-left:.4pt;border-collapse: collapse'> <tr>
<td width="306" valign=bottom > <p style='margin-left:0.12in;text-indent:-0.12in;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="13" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'>&nbsp;<u></u></p> </td>
<td width="31" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width="275" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'><font SIZE=2>GUARANTY BANCSHARES, INC.</font><br > <br > </p> </td> </tr> <tr>
<td width="306" valign=bottom > <p style='margin-left:0.12in;text-indent:-0.12in;margin-top:2pt;margin-bottom:0pt;'><font size=2>Dated:  August 5, 2003</font></p> </td>
<td width="13" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width="31" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>&nbsp;</font></p> </td>
<td width="275" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>By </font><b><font size=2>/s/  CLIFTON A. PAYNE</font></b></p> </td> </tr> <tr>
<td width="306" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="13" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="31" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td> </tr> <tr>
<td width="306" valign=top > <p style='margin-left:0.12in;text-indent:-0.12in;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="13" valign=top > <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width="31" valign=top > <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width="275" valign=top > <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>Clifton A. Payne</font><br> <font size=2>Senior Vice President and</font><br> <font size=2>Chief Financial Officer</font></p> </td> </tr> </table>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font SIZE=2>EXHIBIT INDEX</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<table width="100%" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse; '> <tr>
<td width="88" valign=bottom > <p style='margin-bottom:0pt;margin-top:0in;text-align:center;'><font size=2>Exhibit</font><br> <u><font size=2>Number</font></u></p> </td>
<td valign=bottom > <p style='margin-top:0pt;margin-bottom:0pt;' ><u><font size=2>Description</font></u><u></u></p> </td> </tr> <tr style='height:.05in'>
<td width="88" valign=top style=' height:.05in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td valign=top style=' height:.05in'> <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr>
<td width="88" valign=top > <p style='margin-bottom:0pt;margin-top:0in;text-align:center;'><font size=1>&nbsp;</font></p> </td>
<td valign=top > <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr style='height:.05in'>
<td width="88" valign=top style=' height:.05in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td valign=top style=' height:.05in'> <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr>
<td width="88" valign=top > <p style='margin-bottom:0pt;margin-top:0in;text-align:center;'><font size=2>99.1</font></p> </td>
<td valign=top > <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=2>Press Release issued by Guaranty Bancshares, Inc. dated July 30, 2003.</font></p> </td> </tr> <tr style='height:.05in'>
<td width="88" valign=top style=' height:.05in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td valign=top style=' height:.05in'> <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr>
<td width="88" valign=top > <p style='margin-bottom:0pt;margin-top:0in;text-align:center;'><font size=1>&nbsp;</font></p> </td>
<td valign=top > <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr style='height:.05in'>
<td width="88" valign=top style=' height:.05in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td valign=top style=' height:.05in'> <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> <tr>
<td width="88" valign=top > <p style='margin-bottom:0pt;margin-top:0in;text-align:center;'><font size=1>&nbsp;</font></p> </td>
<td valign=top > <p style='margin-top:0pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td> </tr> </table>
<br>&nbsp;
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d56493_ex991.htm
<DESCRIPTION>PRESS RELEASE ISSUED BY GUARANTY BANCSHARES, INC.
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<p style=' margin-bottom:0pt;text-align:right; margin-top:8pt;'><b><font size=2>Exhibit 99.1</font></b></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font size=2>Guaranty Bancshares, Inc. Announces </font></b><br><b><font size=2>Second Quarter and Year-to-date Earnings </font></b></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><b><font SIZE=2>MOUNT PLEASANT, TEXAS </font></b><font size=2>&#150; July 30, 2003 &#150; Guaranty Bancshares, Inc. (Nasdaq: GNTY) a community&#150;oriented bank holding company in Northeast Texas with assets of $530.4 million, reported second quarter and year-to-date earnings today. Net income for the second quarter of 2003 was $785,000 ($0.27 per share) compared to $1.1 million ($0.36 per share) for the second quarter 2002, a 28% decrease. Return on average assets and return on average stockholders&#146; equity for the second quarter of 2003 were 0.59% and 8.84%, respectively, compared to 0.90% and 13.10%, respectively, for the same period last year. The decrease in the two comparative quarters is mainly attributable to a smaller gain on sale of securities in 2003 from 2002 by $250,000, and an increase in noninterest expense of $543,000 partially offset by a lower provision for loan losses in 2003 over 2002 of $300,000 and an increase
in recurring noninterest income of $75,000. The Company also experienced a decreasing net-interest margin from 3.72% in 2002 to 3.53% in 2003.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Art Scharlach, Jr., President and CEO of the Company stated, &#147;The current low interest rate environment creates a tighter net interest margin. It also has significantly increased the prepayment of our mortgage-backed securities and loans. Guaranty Bond Bank&#146;s philosophy in this rate environment is to not incur significant interest rate extension risk and, in doing so, will reduce short-term profits. The company is well-positioned to weather this cycle and benefit from rising rates when they occur.&#148;</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Net income for the six-month period ending June 30, 2003 totaled $1.8 million ($0.62 per share) compared to $2.1 million ($0.69 per share) for the prior year period, a 12% decrease. Return on average assets and return on average stockholders&#146; equity for the six months ended June 30, 2003 were 0.70% and 10.40%, respectively, compared to 0.88% and 12.66%, respectively, for the same period last year.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>At June 30, 2003, assets grew to $530.4 million, an increase of $38.9 million, or 7.9%, from $491.5 million one year ago. Loans grew $14.0 million, or 4.0%, to $362.0 million from one year ago while net charge-offs to average loans decreased from 0.11% to 0.03% for the comparable quarters and nonperforming assets to total loans decreased from 1.86% to 1.33% during the same time period. </font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Securities increased $20.9 million, or 22.1%, during the same time period while total deposits increased to $429.3 million at June 30, 2003 compared to $402.8 million one year ago, an increase of $26.5 million, or 6.6%.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Stockholders&#146; equity increased 5.2% from $33.7 million at June 30, 2002 to $35.5 million at June 30, 2003, resulting in book value per share increasing 8.0% from $11.26 to $12.16. The Company&#146;s leverage ratio increased from 7.92% at June 30, 2002 to 8.01% at June 30, 2003.</font></p>

<br><p style='margin-bottom:0pt;text-align:left'><font size=2>
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<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>&#147;Our Company goal is to capitalize on the tremendous synergies of our staff in terms of community banking philosophy, customer-focused culture and continued excellent assets quality. In accomplishing this, we will be able to improve our operating efficiencies and enhance the value of our franchise,&#148; stated Ty Abston, President of Guaranty Bond Bank &#150; Mt. Pleasant.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Guaranty Bancshares, Inc. is a bank holding company headquartered in Mount Pleasant, Texas. The Company derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bond Bank, one of the oldest and largest community banks in Northeast Texas. The Company currently serves seven Northeast Texas counties with ten locations and Pecos County in West Texas with one location in Fort Stockton. The Company creates financial relationships featuring a full array of financial services, from traditional banking products to investments. Guaranty Bancshares stock (GNTY) is listed on the Nasdaq Stock Exchange. To learn more about Guaranty Bancshares, Inc., please visit our investor relations website at </font><i><font size=2>www.gnty.com</font></i><font size=2>. Our investor relations site provides a detailed overview of our investor and stock information and our prior year highlights.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><FONT SIZE="2"><I>The following appears in accordance with the Private Securities Litigation Reform Act of 1995:</I> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><FONT SIZE="2"><I>The information in this press release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the further performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, impact of competitive services, interest rates and general economic risks and uncertainties.</I> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>Other Information </font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>For more information about Guaranty Bancshares, Inc., please access the Company&#146;s web site at </font><i><font size=2>http://www.gnty.com.</font></i></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>For further information contact:</font></p>
<p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>Arthur B. Scharlach, Jr., President</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>903/ 572-9881</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>or</font></p>
<p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>Clifton A. Payne, Senior Vice President</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>903/ 572-9881</font></p>

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<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font SIZE=2>GUARANTY BANCSHARES, INC. </font></b><br><b><font SIZE=2>SUMMARY CONSOLIDATED FINANCIAL DATA</font></b></p>
<p style=' margin-bottom:0pt; margin-top:12pt;'><font size=2>&nbsp;</font></p>
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<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="14%" colspan="5" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>Quarter Ended</font></b></p> </td>
<td width="2%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="14%" colspan="5" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>Six Months Ended</font></b></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr> <tr >
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<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="14%" colspan="5" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>June 30,</font></b></p> </td>
<td width="2%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="14%" colspan="5" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>June 30,</font></b></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr> <tr >
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<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="5" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2003</font></b></p> </td>
<td width="2%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2002</font></b></p> </td>
<td width="2%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2003</font></b></p> </td>
<td width="2%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2002</font></b></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="2" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td colspan="2" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="30%" colspan="11" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>(Dollars in thousands, except per share data)</font></b></p> </td>
<td width="1%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2><b>Income Statement Data:</b></font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net interest income</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>4,230 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>4,095 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8,443 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8,035 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Provision for loan losses</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 150 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 450 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>525 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 700 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net interest income after provision for loan losses</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 4,080 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,645 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 7,918 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>7,335 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Noninterest income</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,300 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,475 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,686 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,509 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Noninterest expense</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>4,117 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,574 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8,069 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>7,064 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Earnings before taxes</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,263 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,546 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,535 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,780 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Provision for income tax expense</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 478 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 453 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>715 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 705 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net earnings</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 785 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,093 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 1,820 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,075 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Preferred stock dividend</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> &#151; </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> &#151; </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> &#151; </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> &#151; </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net earnings available to common shareholders</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>785 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,093 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1,820 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,075 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2><b>Common Share Data:</b></font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net earnings (basic) (1)</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.27 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.36 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.62 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.69 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net earnings (diluted) (1)</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.27 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.36 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.62 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.69 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Book value</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>12.16</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.26</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>12.16</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.26</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Tangible book value</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.36</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>10.48</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.36</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>10.48</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Cash dividends</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.1700 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.1500 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 0.1700 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 0.1500 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Dividend payout ratio</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>63.28</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>41.12</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>27.29</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>21.66</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Weighted average shares outstanding (in thousands)</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 2,920 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,995 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 2,921 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,000 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Period end shares outstanding (in thousands)</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 2,920 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,996 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,920 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>2,996 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2><b>Balance Sheet Data:</b></font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total assets</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>530,394 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>491,546 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>530,394 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>491,546 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Securities</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 115,611 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>94,707 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>115,611 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>94,707 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Loans</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 362,008 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 347,963 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>362,008 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 347,963 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Allowance for loan losses</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 3,830 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,576 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,830 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,576 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total deposits</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 429,274 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 402,767 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>429,274 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 402,767 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total common shareholders&#146; equity</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>35,510 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>33,746 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 35,510 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>33,746 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2><b>Average Balance Sheet Data:</b></font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total assets</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>531,454 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>484,696 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>526,119 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>$</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>474,605 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Securities</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>114,136 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>90,320 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>111,514 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 84,918 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Loans</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 361,299 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 337,799 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>361,402 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 334,330 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Allowance for loan losses</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 3,798 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,373 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,732 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3,364 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total deposits</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 430,207 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 400,000 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 427,121 </font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 393,443 </font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total common shareholders&#146; equity</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>35,636 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>33,477 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2> 35,282 </font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>33,058 </font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2><b>Performance Ratios:</b></font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Return on average assets</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.59</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.90</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.70</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.88</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Return on average common equity</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8.84</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>13.10</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>10.40</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>12.66</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net interest margin</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3.53</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3.72</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3.56</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>3.75</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Efficiency ratio (2)</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="6%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>76.82</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>68.04</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>73.64</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="1%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>69.07</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> </table>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><font size=2>Page 1</font></p>

<br><p style='margin-bottom:0pt;text-align:left'><font size=2>
</font></p><br><HR noshade align=center width="100%" size=2><p style='page-break-before:always'></p><PAGE>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><b><font SIZE=2>GUARANTY BANCSHARES, INC. </font></b><br><b><font SIZE=2>SUMMARY CONSOLIDATED FINANCIAL DATA</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p>
<table width="100%" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse; '> <tr >
<td valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="10%" colspan="3" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>Quarter Ended</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="10%" colspan="3" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>Six Months Ended</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="3" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="3" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="10%" colspan="3" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>June 30,</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="10%" colspan="3" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>June 30,</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td colspan="3" valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
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<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;' ><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2003</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2002</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2003</font></b></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=1>2002</font></b></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="1%" valign=top > <p><font size=1>&nbsp;</font></p> </td>
<td valign=top > <hr noshade width="100%"  color="gray" size=1> </td>
<td width="2%" valign=top > <p><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><b><font size=2>Asset Quality Ratios (3) :</font></b></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Nonperforming assets to total loans and other real estate</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.33</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.86</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.33</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.86</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Net loan charge-offs to average loans</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.03</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.11</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.11</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>0.14</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Allowance for loan losses to total loans</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.06</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.03</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.06</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>1.03</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Allowance for loan losses to nonperforming loans (4)</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>116.77</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>77.69</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>116.77</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>77.69</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><b><font size=2>Capital Ratios:</font></b></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Leverage ratio</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8.01</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>7.92</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>8.01</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>7.92</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Average shareholders&#146; equity to average total assets</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>6.71</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>6.91</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>6.71</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>6.97</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom style='background:#EAF9E8; '> <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Tier 1 risk-based capital ratio</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.63</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.41</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.63</font></p> </td>
<td width="1%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom style='background:#EAF9E8;'> <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>11.41</font></p> </td>
<td width="2%" valign=bottom style='background:#EAF9E8;'> <p ><font size=2>%</font></p> </td> </tr> <tr >
<td valign=bottom > <p style='margin-top:2pt;margin-bottom:0pt;margin-left:8.65pt;text-indent:-8.65pt;'><font size=2>Total risk-based capital ratio</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=1>&nbsp;</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>10.57</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="3%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>12.47</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="5%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>10.57</font></p> </td>
<td width="1%" valign=bottom > <p ><font size=2>%</font></p> </td>
<td width="4%" valign=bottom > <p style='text-align:right;margin-top:2pt;margin-bottom:0pt;'><font size=2>12.47</font></p> </td>
<td width="2%" valign=bottom > <p ><font size=2>%</font></p> </td> </tr> </table>
<p style=' margin-bottom:0pt; margin-top:12pt;'><b><font size=2>______________</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width=0% ></td><td width=4% nowrap valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>(1)</font></td><td valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>Net earnings per share is based upon the weighted average number of common shares outstanding during the</font><br><font size=2>period.</font></td></tr></table>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width=0% ></td><td width=4% nowrap valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>(2)</font></td><td valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>Calculated by dividing total noninterest expenses by net interest income plus noninterest income, excluding</font><br><font size=2>securities losses or gains.</font></td></tr></table>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width=0% ></td><td width=4% nowrap valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>(3)</font></td><td valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>At period end, except net loan charge-offs to average loans.</font></td></tr></table>
<table width="100%" cellspacing=0 cellpadding=0><tr><td width=0% ></td><td width=4% nowrap valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>(4)</font></td><td valign="top"><p style=' margin-bottom:0pt; margin-top:6pt;'><font size=2>Nonperforming loans consist of nonaccrual loans, loans contractually past due 90 days or more and</font><br><font size=2>restructured loans.</font></td></tr></table>
<p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><font size=2>Page 2</font></p>
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