-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Nc+SLtNxu/RzuOUTuV9zpTXWRi+lbS8cMrP0PDVlFw0KJBuZIDup4j82QqglTFmB
 lYik/y2YtP1t94Jwhx1oqw==

<SEC-DOCUMENT>0001169232-03-006276.txt : 20031030
<SEC-HEADER>0001169232-03-006276.hdr.sgml : 20031030
<ACCEPTANCE-DATETIME>20031030143213
ACCESSION NUMBER:		0001169232-03-006276
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031029
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031030

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:		03966285

	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>d57252_8-k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.2ca) -->
     <!-- Project:        X:\JOBS\03-57252\d03-57252.eep                                   -->
     <!-- Control Number: 03-57252                                                         -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    Guaranty Bancshares, Inc.                                        -->
     <!-- Project Name:   Form Type: 8-K                                                   -->
     <!-- Firm Name:      Guaranty Bancshares, Inc. (ADP)                                  -->
     <TITLE>8-K</TITLE>
</HEAD>
<BODY>


<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>

<!-- MARKER FORMAT-SHEET="Scotch Rule Top-TNR" FSL="Project" -->
<HR ALIGN=LEFT WIDTH=100% COLOR="#000000" SIZE=4 NOSHADE STYLE="margin-top: -2px">
<HR ALIGN=LEFT WIDTH=100% COLOR="#000000" SIZE=2 NOSHADE STYLE="margin-top: -10px">

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND
EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549</FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K</FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT<BR>PURSUANT
TO SECTION 13 OR 15(D) OF<BR>THE SECURITIES EXCHANGE ACT OF 1934</FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of
Report (Date of earliest event reported): October 29, 2003</FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>GUARANTY BANCSHARES,
INC.<BR>(Exact name of registrant as specified in its charter)</FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<table border="0" cellspacing="0" cellpadding="0" width="600">
  <tr align="center" valign="top">
    <td nowrap width="34%"><font face="Times New Roman, Times, serif" size="2">
      <b>Texas</b> <br>
      (State or other jurisdiction of<br>
      incorporation or organization) <br>
      </font></td>
    <td nowrap width="33%"><font face="Times New Roman, Times, serif" size="2">
      <b>0-23113</b> <br>
      (Commission File Number)<br>
      </font></td>
    <td nowrap><font face="Times New Roman, Times, serif" size="2"><b>75-1656431</b>
      <br>
      (I.R.S. Employer <br>
      Identification No.)</font></td>
  </tr>
  <tr align="center" valign="top">
    <td nowrap><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;</font></td>
    <td nowrap><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td nowrap><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr align="center" valign="top">
    <td nowrap><font face="Times New Roman, Times, serif" size="2"> <b>100 West
      Arkansas <br>
      Mount Pleasant, Texas </b><br>
      (Address of principal executive offices)<br>
      </font></td>
    <td nowrap><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td valign="bottom" nowrap><font face="Times New Roman, Times, serif" size="2">
      <b>75455</b><br>
      (Zip Code) </font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registrant&#146;s
telephone number, including area code: (903) 572-9881</FONT></H1>

<!-- MARKER FORMAT-SHEET="Scotch Rule Bottom" FSL="Project" -->
<HR SIZE="2" NOSHADE COLOR="#000000" STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE COLOR="#000000" STYLE="margin-top: -10px">

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>


<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 2; page: 2" -->

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>


<!-- MARKER FORMAT-SHEET="Head Minor" FSL="Project" -->
<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 7. Financial
Statements and Exhibits.</FONT></H2>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibits.  The following materials
are filed as exhibits to this Current Report on Form 8-K: </FONT></P>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Arabic 10 In 1" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>           99.1 </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=86%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press
Release issued by Guaranty Bancshares, Inc. dated October 29, 2003.</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Head Minor" FSL="Project" -->
<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 12.  Disclosure of
Results of Operations and Financial Condition.</FONT></H2>

<!-- MARKER FORMAT-SHEET="Para 10" FSL="Project" -->
<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October 29, 2003, Guaranty Bancshares, Inc. publicly disseminated a press release
announcing its financial results for the third quarter ended September 30, 2003. A copy
of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES</FONT></H1>

<!-- MARKER FORMAT-SHEET="Para 10" FSL="Project" -->
<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->
<table width=600 cellspacing=0 cellpadding=0 border=0>
  <tr valign=TOP>
    <td width=40%>&nbsp;</td>
    <td width=10%>&nbsp;</td>
    <td width=50%><font face="Times New Roman, Times, Serif" size=2>GUARANTY BANCSHARES,
      INC.<br>
      <br>
      </font></td>
  </tr>
  <tr valign=TOP>
    <td width=40%> <font face="Times New Roman, Times, Serif" size=2>Dated: October
      29, 2003</font></td>
    <td width=10%><font face="Times New Roman, Times, Serif" size=2></font></td>
    <td width=50%><font face="Times New Roman, Times, Serif" size=2>By: /s/ Clifton
      A. Payne<br>
      &#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<br>
      Clifton A. Payne<br>
      Senior Vice President and<br>
      Chief Financial Officer</font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>


<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX</FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<table border="0" cellspacing="0" cellpadding="0" width="600">
  <tr valign="top">
    <td nowrap><b><font face="Times New Roman, Times, serif" size="1"></font></b></td>
    <td nowrap align="center" valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">Exhibit<br>
      Number <br>
      </font></b></td>
    <td nowrap><b><font face="Times New Roman, Times, serif" size="1"></font></b></td>
    <td valign="bottom" nowrap><b><font face="Times New Roman, Times, serif" size="1">Description</font></b></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>
      <hr size="1" noshade>
    </td>
    <td>&nbsp;</td>
    <td>
      <hr size="1" noshade align="left" width="50">
    </td>
  </tr>
  <tr valign="top">
    <td><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size="2">99.1</font></td>
    <td><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td width="100%"><font face="Times New Roman, Times, serif" size="2">Press
      Release issued by Guaranty Bancshares, Inc. dated October 29, 2003.</font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Page Number w/ Rule" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2> </FONT></P>
<HR SIZE=5 NOSHADE>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d57252_ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.2ca) -->
     <!-- Project:        X:\JOBS\03-57252\d03-57252.eep                                   -->
     <!-- Control Number: 03-57252                                                         -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    Guaranty Bancshares, Inc.                                        -->
     <!-- Project Name:   Form Type: 8-K                                                   -->
     <!-- Firm Name:      Guaranty Bancshares, Inc. (ADP)                                  -->
     <TITLE>EX-99.1</TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>

<!-- MARKER FORMAT-SHEET="Para Right 10" FSL="Project" -->
<P ALIGN="RIGHT"><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2><B>Exhibit 99.1</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Guaranty Bancshares,
Inc.<BR>Reports Third Quarter and Year-To-Date Earnings</FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>MOUNT PLEASANT, TEXAS</B> &#150; October
29, 2003 &#150; Guaranty Bancshares, Inc. (Nasdaq: GNTY), a community-oriented bank
holding company in Northeast Texas and the parent company of Guaranty Bond Bank, reported
third quarter and nine-month earnings today as of September 30, 2003. Net income for the
third quarter of 2003 was $935,000, a decrease of $157,000 or 14.4% over the third
quarter of 2002. Net income for the first nine months of 2003 was $2.8 million, a
decrease of $412,000 or 13.0% from the first nine months of 2002. Diluted earnings per
share for the quarter was $0.32 and for the first nine months was $0.94, down 11.1% and
10.5% respectively over the same comparable periods last year.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Ty Abston, President of Guaranty
Bond Bank, stated, &#147;Although we will come in short of our original projections for
the year, our financial results are encouraging and we will have a respectable year in
earnings. Our strategy to not chase short-term profits by investing in riskier loans and
longer-term securities, should pay off as the economy improves and interest rates rise.
Our Company is positioned so that long-term earnings should continue to prosper. We are
particularly pleased this year with our improvements in technology, staff training, and
internal procedures. Guaranty continues to stay focused on a strategy that provides
ongoing value to our shareholders and our communities.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Assets were $526.2 million at
September 30, 2003 representing an increase of $10.4 million or 2.0% since September 30,
2002. Customer funding sources, representing deposits, and borrowings created the growth
in assets. Deposits grew $4.8 million or 1.2% to $420.7 million during the same period.
Long-term debt, Trust Preferred Securities, increased $3.0 million or 42.9% and Federal
Home Loan Bank borrowings increased $2.7 million or 5.2%. Also during the period since
September 30, 2002, total loans grew $5.4 million or 1.5% to $356.8 million. Stockholders&#146; equity
increased $613,000, or 1.8% to $35.6 million since September 30, 2002.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The decrease in net income for the
third quarter and nine months ended September 30, 2003 was primarily attributable to an
increase in noninterest expense partially offset by an increase in net interest income
and a lower provision for loan losses for the three and nine-month periods.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The increase in net interest income
was $13,000 or 0.3% for the third quarter and $421,000 or 3.4% for the nine months ended
September 30, 2003. The increase is primarily the result of more earnings from an
increase in average earning assets partially offset by a lower net interest margin. The
net interest margin decreased from 3.75% to 3.57% for the third quarter and from 3.75% to
3.56% for the nine months ended September 30, 2003.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Non-interest income decreased
$18,000 or 1.5% for the third quarter and increased $159,000 or 4.3% for the nine months
ended September 30, 2003. The increase in the nine-month period is primarily due to an
increase in fee income from the sale of mortgage loans into the secondary market.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Non-interest expense increased
$280,000 or 7.6% for the third quarter and $1.3 million or 12.0% for the nine months
ended September 30, 2003. These increases reflect costs associated with the Company&#146;s
growth and included increases in salary and employee benefits expense, primarily for
additional staff in the Mt. Pleasant, Texarkana and Sulphur Springs locations.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The provision for loan losses was
$250,000 compared to $335,000 for the quarter ended September 30, 2003 and 2002
respectively and $775,000 compared to $1.0 million for the nine months ended September
30, 2003 and 2002 respectively. The overall decrease is primarily due to fewer net
charge-offs during the period.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Page Number w/ Rule" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2> </FONT></P>
<HR SIZE=5 NOSHADE>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 3; page: 3" -->

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>

<!-- MARKER FORMAT-SHEET="Para Right 10" FSL="Project" -->
<P ALIGN="RIGHT"><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Exhibit 99.1 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The annualized return on average
shareholders&#146; equity for the quarter ended September 30, 2003, was 10.53% compared
to 12.51% for the same period in 2002. The annualized return on average assets was 0.70%
for the quarter ended September 30, 2003 compared to 0.87% for the same period in 2002.
The annualized return on average shareholders&#146; equity for the nine months ended
September 30, 2003, was 10.45% compared to 12.61% for the same period in 2002. The
annualized return on average assets was 0.70% for the nine months ended September 30,
2003 compared to 0.88% for the same period in 2002.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Asset quality remained strong at
September 30, 2003, with non-performing assets declining from $4.3 million at December
31, 2002 to $4.2 million at September 30, 2003, a 4.0% decrease. As of September 30,
2003, non-performing assets represented only 0.79% of total assets. Net charge-offs
during the three months ended September 30, 2003 totaled $240,000 or 0.07% of average
loans compared to $279,000 or 0.08% during the same period in 2002. For the nine months
ended September 30, 2003, the Company recorded net charge-offs of $627,000 or 0.17% of
average loans as compared to net charge-offs of $749,000 or 0.22% during the same period
of 2002. At September 30, 2003, the allowance for loan losses totaled $3.8 million or
1.08% of loans.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cappy Payne, Senior Vice President
and Chief Financial Officer of Guaranty Bancshares, Inc., commented, &#147;Net interest
income remains under pressure during the quarter as rates continue to hover at historical
lows. We are continuing to focus on increasing net interest income by making prudent loan
decisions coupled with careful management of interest margins and funding. We will
continue to specialize in relationship banking, producing a loyal and diverse customer
base.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Guaranty  Bancshares,  Inc. is a
$526.2 million  holding  company that owns 100% of Guaranty Bond Bank.  The Bank
currently has ten locations in Northeast  Texas and one location in Fort Stockton, Texas.
 Guaranty Bond Bank is celebrating its 90th Anniversary in 2003. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Operating under a community banking
philosophy, the Company seeks to develop broad customer relationships based on personal
service and convenience. The Company offers a variety of traditional loan and deposit
products to its customers. The Company&#146;s customers consist primarily of small and
medium sized businesses and consumers. In addition to established banking products, the
bank offers a complete line of trust services, on-line banking, phone-plus banking, debit
cards, and brokerage services through its subsidiary.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>The following appears in
accordance with the Private Securities Litigation Reform Act of 1995:</I> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" 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>

<!-- MARKER FORMAT-SHEET="Head Minor" FSL="Project" -->
<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Other Information</FONT></H2>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For more information about Guaranty
Bancshares, Inc., please access the Company&#146;s web site at <I>http://www.gnty.com</I>. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 10" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For further information contact:  </FONT></P>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<table width="600" border="0" cellspacing="0" cellpadding="0">
  <tr valign="bottom">
    <td><font face="Times New Roman, Times, serif" size="2">Arthur B. Scharlach,
      Jr., President &amp; CEO <br>
      or <br>
      Clifton A. Payne, Senior Vice President &amp; CFO<br>
      </font></td>
    <td><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size="2">903/ 572-9881<br>
      <br>
      903/ 572-9881</font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Page Number w/ Rule" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2> </FONT></P>
<HR SIZE=5 NOSHADE>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 4; page: 4" -->

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>

<!-- MARKER FORMAT-SHEET="Para Right 10" FSL="Project" -->
<P ALIGN="RIGHT"><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Exhibit 99.1 </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>GUARANTY BANCSHARES,
INC.<BR>SUMMARY CONSOLIDATED FINANCIAL DATA</FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>




<table cellpadding=0 cellspacing=0 border=0 width=600>
  <tr>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="5" align=center valign="bottom" nowrap><b><font face="Times New Roman, Times, serif" size="1">Quarter
      Ended <br>
      September 30,<br>
      </font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="5" align=center valign="bottom" nowrap><b><font face="Times New Roman, Times, serif" size="1">Nine
      Months Ended<br>
      September 30, <br>
      </font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="2" align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2003</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="2" align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2002</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="2" align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2003</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="2" align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2002</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td align=LEFT>&nbsp;</td>
    <td colspan="12" align=left>
      <hr NOSHADE size=2>
    </td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="12" align=center valign="top" nowrap><b><font face="Times New Roman, Times, serif" size="1">(Dollars
      in thousands, except per share data)</font></b></td>
  </tr>
  <tr>
    <td width=100% align=LEFT valign="bottom"><b><font face="Times New Roman, Times, serif" size="2">Income
      Statement Data:</font></b></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Interest
      Income</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      6,722</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      7,357</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      20,765</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      21,631</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Interest
      Expense</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,413</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,061</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">8,013</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">9,300</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      interest income</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      4,309</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      4,296</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      12,752</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      12,331</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Provision
      for loan losses</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">250</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">335</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">775</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,035</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      interest income after provision for loan losses</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">4,059</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,961</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11,977</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11,296</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Noninterest
      income</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,209</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,227</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,895</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,736</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Noninterest
      expense</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,963</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,683</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">12,032</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">10,747</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left>
      <hr NOSHADE size=1>
    </td>
    <td><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left>
      <hr NOSHADE size=1>
    </td>
    <td><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left>
      <hr NOSHADE size=1>
    </td>
    <td><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left>
      <hr NOSHADE size=1>
    </td>
    <td><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings
      before taxes</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,305</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,505</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,840</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">4,285</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Provision
      for income tax expense</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">370</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">413</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,085</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,118</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      earnings</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">935</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1,092</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,755</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,167</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Preferred
      stock dividend</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      &#151;</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      &#151;</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&#151;</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&#151;</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td colspan=2 align=left valign="top">
      <hr NOSHADE size=1>
    </td>
    <td valign="top"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      earnings available to common shareholders</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      935</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      1,092</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      2,755</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      3,167</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><b><font face="Times New Roman, Times, serif" size="2">Common
      Share Data:</font></b></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      earnings (basic) (1)</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      0.32</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      0.36</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      0.94</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      1.06</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      earnings (diluted) (1)</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.32</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.36</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.94</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">1.05</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Book
      value</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">12.18</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11.68</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">12.18</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11.68</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Tangible
      book value</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11.38</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">10.90</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">11.38</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">10.90</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Cash
      dividends</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.0000</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.0000</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.1700</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.1500</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Dividend
      payout ratio</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">N/A</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">N/A</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">18.03</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">14.19</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Weighted
      average shares outstanding (in thousands)</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,922</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,996</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,923</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,998</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Period
      end shares outstanding (in thousands)</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,922</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,996</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,922</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">2,996</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><b><font face="Times New Roman, Times, serif" size="2">Balance
      Sheet Data:</font></b></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      assets</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      526,239</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      515,835</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      526,229</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      515,835</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Securities</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">107,219</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">96,958</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">107,219</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">96,958</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Loans</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">356,828</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">351,407</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">356,828</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">351,407</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Allowance
      for loan losses</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,840</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,632</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,840</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,632</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      deposits</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">420,724</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">415,885</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">420,724</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">415,885</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      common shareholders&#146; equity</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">35,597</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">34,984</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">35,597</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">34,984</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><b><font face="Times New Roman, Times, serif" size="2">Average
      Balance Sheet Data:</font></b></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      assets</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      528,418</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      498,322</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      526,885</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">$</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      482,511</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Securities</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">110,938</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">92,918</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">111,321</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">87,586</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Loans</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">358,357</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">347,446</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">360,387</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">338,702</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Allowance
      for loan losses</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,795</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,574</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,753</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3,434</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      deposits</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">424,536</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">404,960</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">426,259</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">397,282</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Total
      common shareholders&#146; equity</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">35,219</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">34,645</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">35,261</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">33,587</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><b><font face="Times New Roman, Times, serif" size="2">Performance
      Ratios:</font></b></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">
      </font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Return
      on average assets</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.70</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.87</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.70</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">0.88</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Return
      on average common equity</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">10.53</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">12.51</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">10.45</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">12.61</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Net
      interest margin</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3.57</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3.75</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3.56</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">3.75</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">Efficiency
      ratio (2)</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">72.03</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">71.39</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">73.10</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=left valign="bottom"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT valign="bottom"><font face="Times New Roman, Times, serif" size="2">68.44</font></td>
    <td align=LEFT valign="bottom"><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Page Number w/ Rule" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Page 1 </FONT></P>
<HR SIZE=5 NOSHADE>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 5; page: 5" -->

<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR>



<!-- MARKER FORMAT-SHEET="Para Right 10" FSL="Project" -->
<P ALIGN="RIGHT"><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Exhibit 99.1 </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Major 10" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>GUARANTY BANCSHARES,
INC.<BR>SUMMARY CONSOLIDATED FINANCIAL DATA</FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>



<table cellpadding=0 cellspacing=0 border=0 width=600>
  <tr>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="3" align=center valign="bottom" nowrap><b><font face="Times New Roman, Times, serif" size="1">Quarter
      Ended <br>
      September 30,<br>
      </font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td colspan="3" align=center valign="bottom" nowrap><b><font face="Times New Roman, Times, serif" size="1">Six
      Months Ended<br>
      September 30, <br>
      </font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2003</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2002</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2003</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
    <td align=center valign="bottom"><b><font face="Times New Roman, Times, serif" size="1">2002</font></b></td>
    <td align=LEFT valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td align=LEFT>&nbsp;</td>
    <td colspan="8" align=left>
      <hr NOSHADE size=2>
    </td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><b><font face="Times New Roman, Times, serif" size="2">Asset
      Quality Ratios (3):</font></b></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT width="100%"><font face="Times New Roman, Times, serif" size="2">Nonperforming
      assets to total loans and other real estate</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.16</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.06</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.16</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.06</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Net loan
      charge-offs to average loans</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">0.07</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">0.08</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">0.17</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">0.22</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Allowance
      for loan losses to total loans</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.08</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.03</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.08</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">1.03</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Allowance
      for loan losses to nonperforming loans (4)</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">114.83</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">127.93</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">114.83</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">127.93</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"></font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2"></font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><b><font face="Times New Roman, Times, serif" size="2">Capital
      Ratios:</font></b></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2"> </font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Leverage
      ratio</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">8.17</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">8.22</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">8.17</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">8.22</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Average
      shareholders&#146; equity to average total assets</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">6.66</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">6.95</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">6.69</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">6.96</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Tier 1
      risk-based capital ratio</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">12.10</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">11.62</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">12.10</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">11.42</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
  <tr valign=Bottom>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">Total risk-based
      capital ratio</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">13.18</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">12.69</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">13.18</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
    <td align=RIGHT><font face="Times New Roman, Times, serif" size="2">12.69</font></td>
    <td align=LEFT><font face="Times New Roman, Times, serif" size="2">%</font></td>
  </tr>
</table>
<BR>

<!-- MARKER FORMAT-SHEET="Footnote Rule" FSL="Project" -->
<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=LEFT>

<!-- MARKER FORMAT-SHEET="Para Hang Arabic 10" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net
earnings per share is based upon the weighted average number of common shares outstanding
during  the period.  </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang Arabic 10" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)</FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Calculated
by dividing total noninterest expenses by net interest income plus  noninterest
income, excluding securities losses or gains.  </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang Arabic 10" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At
period end, except net loan charge-offs to average loans. </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang Arabic 10" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4)</FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Nonperforming
loans consist of nonaccrual loans, loans contractually past due 90 days or more and  restructured
loans.  </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Page Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Page Number w/ Rule" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Page 2 </FONT></P>
<HR SIZE=5 NOSHADE>

<!-- MARKER FORMAT-SHEET="Page Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
