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<SEC-DOCUMENT>0001206774-04-000212.txt : 20040317
<SEC-HEADER>0001206774-04-000212.hdr.sgml : 20040317
<ACCEPTANCE-DATETIME>20040317121024
ACCESSION NUMBER:		0001206774-04-000212
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040317

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:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24235
		FILM NUMBER:		04674689

	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>10-K
<SEQUENCE>1
<FILENAME>d14201-10k.htm
<TEXT>
<HTML>

<HEAD>
<TITLE></TITLE>
</HEAD>

<BODY>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><IMG SRC="logo.jpg" ALT="LOGO"></FONT></P>
<HR SIZE=4 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="18%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>F<SMALL>INANCIAL</SMALL> I<SMALL>NFORMATION</SMALL><BR>
2003 Annual Report on Form 10-K</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B><A   HREF="#A001">Part I</A></B></FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 1.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A002">Business</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 3 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 2.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A003">Properties</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 14 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 3.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A004">Legal Proceedings</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 14 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 4.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A005">Submission of Matters to Vote of Security Holders</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 15 -</FONT></P></TD>
 </TR>

 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=2 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>


 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B><A   HREF="#A006">Part II</A></B></FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>

 <TR>
  <TD WIDTH="18%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 5.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A007">Market for Registrant&#146;s Common Equity<BR>and Related Shareholder Matters</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 15 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 6.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A008">Selected Financial Data</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 17 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 7.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A009">Management&#146;s Discussion and Analysis<BR>of Financial Condition and
  Results of Operation</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 19 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 7A.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A010">Quantitative and Qualitative Disclosures<BR>About Market Risk</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 41 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 8.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A011">Financial Statements and Supplementary Data</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 43 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 9.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A012">Changes and Disagreements with Accountants</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 44 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
 <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 9A </FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A013">Controls and Procedures</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=2 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B><A   HREF="#A014">Part III</A></B></FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>

 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 10.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A015">Directors and Executive Officers</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 11.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A016">Executive Compensation</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 12.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A017">Security Ownership</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 13.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A018">Certain Relationships and Related Transactions</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 14.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A019">Principal Accountant Fees and Services</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 45 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=2 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B><A   HREF="#A020">Part IV</A></B></FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>

 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Item 15.</FONT></P></TD>
  <TD WIDTH="68%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A021">Exhibits, Financial Statement Schedules<BR>and Reports on Form 8-K</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- 46 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="92%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A028">Independent Auditors&#146; Reports</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-2 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A029">Consolidated Balance Sheets</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-3 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A030">Consolidated Statements of Earnings</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-4 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A031">Consolidated Statements of Shareholders&#146; Equity</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-5 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A032">Consolidated Statements of Cash Flows</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-6 -</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A033">Notes to Consolidated Financial Statements</A></FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">- F-7 -</FONT></P></TD>
 </TR>
</TABLE>

<BR>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>
<BR>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=4>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=1>

<P ALIGN=CENTER><FONT SIZE=5 FACE="TIMES NEW ROMAN"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR></B></FONT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Washington, D.C. 20549</B></FONT></P>


<HR SIZE=2 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=CENTER>



<P ALIGN=CENTER><FONT SIZE=5 FACE="TIMES NEW ROMAN"><B>FORM 10-K</B></FONT></P>


<HR SIZE=2 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=CENTER>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Mark One)</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=3 FACE=WINGDINGS>x</FONT></P>
  </TD>
  <TD WIDTH="94%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=3 FACE="TIMES NEW ROMAN"><B>ANNUAL REPORT PURSUANT TO SECTION
  13 OR 15(d) OF<BR>
  THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="94%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>For the fiscal year ended December 31, 2003</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="94%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>OR</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=3 FACE=WINGDINGS>o</FONT></P></TD>
  <TD WIDTH="94%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=3 FACE="TIMES NEW ROMAN"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF<BR>
   THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="94%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>For the transition period from&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to&#160;&#160;&#160;&#160;&#160;&#160;&#160; </B></FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Commission
File Number 0-23113</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=6 FACE="TIMES NEW ROMAN"><B>GUARANTY
BANCSHARES, INC.<BR></B></FONT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN">(Exact name of registrant as specified in its charter)</FONT></P>

<HR SIZE=2 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=CENTER>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Texas</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>75-1656431</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">(State or other jurisdiction of<BR>
  incorporation or organization)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">(I.R.S.Employer<BR>
  Identification Number)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>100 West Arkansas</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>75455</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Mount Pleasant, Texas</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">(Zip Code)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">(Address of principal executive
  offices)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Registrant&#146;s telephone number, including area code: </B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(903) 572-9881</B></FONT></P></TD>
 </TR>
</TABLE>
<BR>
<HR SIZE=2 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=CENTER>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Securities
registered pursuant to Section&nbsp;12(b) of the Act:&#160; None</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Securities
registered pursuant to Section&nbsp;12(g) of the Act:</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Common Stock, par value<BR>
$1.00 per share</FONT></P>


<HR SIZE=2 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=CENTER>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by
check mark whether the registrant (1) has filed all reports required to be
filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes </FONT><FONT SIZE="2" FACE=WINGDINGS>x</FONT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN"> No </FONT><FONT SIZE="2" FACE=WINGDINGS>o</FONT>.</P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by
check mark whether the registrant is an accelerated filer (as defined in Rule
12b-2 of the Act). Yes <FONT SIZE="2" FACE=WINGDINGS>o</FONT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN"> No </FONT><FONT SIZE="2" FACE=WINGDINGS>x</FONT></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by
check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of registrant&#146;s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. </FONT><FONT SIZE="2" FACE=WINGDINGS>o</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of
February 17, 2004, the number of outstanding shares of Common Stock was
2,921,928.&#160; As of June 30, 2003, the
last business day of the registrant&#146;s most recently completed second fiscal
quarter, the aggregate market value of the shares of Common Stock held by
non-affiliates, based on the closing price of the Common Stock on the Nasdaq
National Market System on such date, was approximately $24.6 million.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Documents
Incorporated by Reference:</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portions of
the Company&#146;s Proxy Statement relating to the 2004 Annual Meeting of
Shareholders, which will be filed within 120 days after December 31, 2003, are
incorporated by reference into Part III, Items 10-14 of this Form 10-K.</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><A NAME=A001></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>PART
I</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>SPECIAL CAUTIONARY NOTICE REGARDING
FORWARD-LOOKING INFORMATION</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements
and financial discussion and analysis contained in this Annual Report on Form
10-K that are not historical facts are forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995.&#160; Forward-looking statements
describe the Company&#146;s future plans, strategies and expectations, are based on
assumptions and involve a number of risks and uncertainties, many of which are
beyond the Company&#146;s control.&#160; The
important factors that could cause actual results to differ materially from the
forward-looking statements include, without limitation:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  interest rates and market prices, which could reduce the Company&#146;s net
  interest margins, asset valuations and expense expectations;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  the levels of loan prepayments and the resulting effects on the value of the
  Company&#146;s loan portfolio;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  local economic and business conditions which adversely affect the Company&#146;s
  customers and their ability to transact profitable business with the Company,
  including the ability of its borrowers to repay their loans according to
  their terms or a change in the value of the related collateral;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">increased
  competition for deposits and loans adversely affecting rates and terms;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the timing,
  impact and other uncertainties of the Company&#146;s potential future
  acquisitions, including the Company&#146;s ability to identify suitable future
  acquisition candidates, the success or failure in the integration of their
  operations, and the Company&#146;s ability to enter new markets successfully and
  capitalize on growth opportunities;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">increased
  credit risk in the Company&#146;s assets and increased operating risk caused by a
  material change in commercial, consumer and/or real estate loans as a
  percentage of the total loan portfolio;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the failure
  of assumptions underlying the establishment of and provisions made to the
  allowance for loan losses;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  the availability of funds resulting in increased costs or reduced liquidity;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  the Company&#146;s ability to pay dividends on its Common Stock;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">increased
  asset levels and changes in the composition of assets and the resulting
  impact on the Company&#146;s capital levels and regulatory capital ratios;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the
  Company&#146;s ability to acquire, operate and maintain cost effective and
  efficient systems without incurring unexpectedly difficult or expensive but
  necessary technological changes;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the loss of
  senior management or operating personnel and the potential inability to hire
  qualified personnel at reasonable compensation levels;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the effects
  of the Internal Revenue Service&#146;s examination regarding the Company&#146;s
  leveraged leasing transactions; </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  economic and business conditions which would adversely affect the value of
  the Aircraft Finance Trust (&#147;AFT&#148;), and cause the Company to not fully
  realize its current investment in AFT; and,</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2</FONT></P>

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<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">changes in
  status of government regulations or their interpretations applicable to bank
  holding companies and the Company&#146;s present and future banking and other
  subsidiaries, including changes in tax requirements and tax rates.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All written
or oral forward-looking statements attributable to the Company are expressly
qualified in their entirety by these cautionary statements.</FONT></P>
<P><A NAME=A002></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
1.&#160; <I>Business</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>General</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranty
Bancshares, Inc. (the &#147;Company&#148;) was incorporated as a business corporation
under the laws of the State of Texas in 1980 to serve as a holding company for
Guaranty Bond Bank, formally known as Guaranty Bank, (the &#147;Bank&#148;), which was
chartered in 1913, and for Talco State Bank, which was chartered in 1912 and
merged into the Bank in 1997. The Company&#146;s headquarters are located at 100
West Arkansas, Mount Pleasant, Texas 75455, and its telephone number is (903)
572-9881.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
has grown through a combination of internal growth, the acquisition of
community banks and the opening of new community banking offices.&#160; In 1992, the Company established its Deport,
Texas location by acquiring certain assets and liabilities of the First
National Bank of Deport (the &#147;Deport Bank&#148;).&#160;
The Deport Bank also had a branch in Paris, Texas, which the Company
acquired.&#160; To enhance its expansion into
the Paris community, in 1994 the Company constructed a new facility to serve as
its Paris location.&#160; In 2001, the Paris
facility was expanded from approximately 5,400 square feet to approximately
9,700 square feet, again to service the expanded customer base.&#160; In 1993, the Company purchased a commercial
bank in Bogata, Texas and in 1996 opened a second retail-service banking
facility in Mount Pleasant. In 1997, the Company merged Talco State Bank into
the Bank and opened a full-service location in Texarkana.&#160; Texarkana is the center of a trade area
encompassing approximately 130,000 people.&#160;
Management of the Company continues to believe that this trade area
provides opportunity for strong growth in loans and deposits.&#160; Texas Highway 59 (scheduled to become
Interstate 69), which serves as the primary &#147;NAFTA Highway&#148; linking the
interior United States and Mexico, is a main artery to Texarkana.&#160; The increased traffic along this NAFTA
Highway is expected to enhance economic activity in this area and create more
opportunities for growth.&#160; In 1998, the
Company completed a new facility in Texarkana to enhance its expansion in the
Texarkana market.&#160;&#160; In 1999, the Company
opened a full-service location in Pittsburg, Texas, a community of
approximately 4,500 people located 12 miles from Mount Pleasant.&#160; Also in 1999, the Company acquired the First
American Financial Corporation, (&#147;First American&#148;), with locations in Sulphur
Springs and Commerce, Texas.&#160; The
Company also acquired First American&#146;s wholly owned mortgage company.&#160; In 2000, the operations of the mortgage
subsidiary, which were being continued by the Company under the name Guaranty
Mortgage Company, were merged into the Bank.&#160;
Also in August 2000, the Company was granted approval by the Texas
Department of Banking to open a loan production office in Fort Stockton, Texas,
located in the western portion of Texas, which became a full-service bank in
December of 2000.&#160; As of December 31,
2003, product offerings at the Fort Stockton location are limited to loans and
time deposits.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
has developed a community-banking network, with most of its offices located in
separate communities. Lending and investment activities are funded from a
strong core deposit base consisting of approximately 40,000 deposit accounts as
of December 31, 2003. Each of the Company&#146;s offices has the authority and
flexibility to make pricing decisions within overall ranges developed by the
Company as a form of quality control.&#160;
Management of the Company believes that its responsiveness to local
customers and ability to adjust deposit rates and price loans at each location
gives it a distinct competitive advantage.&#160;
Employees are committed to personal service and developing long-term
customer relationships, and adequate staffing is provided at each location to
ensure that customers&#146; needs are well addressed. The Company provides economic
incentives to its officers to develop additional business for the Company and
to cross-sell additional products and services to existing customers.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
continues to look for additional expansion opportunities, either through
acquisitions of existing financial institutions or by establishing de novo
offices.&#160; The Company intends to
consider various strategic acquisitions of banks, banking assets or financial
service entities related to banking in those areas that management </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">3</FONT></P>

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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">believes would complement and help grow the Company&#146;s existing
business.&#160; The Company is particularly
optimistic about the growth potential in the Texarkana, Sulphur Springs, Paris,
and Mount Pleasant market areas.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
national, regional and local economies have experienced a slight deterioration,
but have shown signs of improvement, though at a slow pace.&#160; While this deterioration has had a negative
affect on the Bank&#146;s earnings and growth, management believes the Bank is well
positioned to weather this event and get back into its growth pattern in 2004.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Bank
owns interests in five entities which complement the Company&#146;s business, the
first three of which are wholly-owned: (i) Guaranty Leasing Company (&#147;Guaranty
Leasing&#148;), which finances equipment leases and has engaged in certain leveraged
lease transactions; (ii) Guaranty Company, which owns real estate for future
Bank expansion; (iii) GB Com, Inc., a nominee company; (iv) BSC Securities,
L.C. (&#147;BSC&#148;), which provides brokerage services; and, (v) Independent Bank
Services, L.C. (&#147;IBS&#148;), which performs compliance, loan review, internal audit
and EDP audit functions.&#160; These entities
are accounted for in the Bank&#146;s financial statements using the equity method of
accounting and are included in other assets on the balance sheet.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Business</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s guiding strategy is to increase shareholder value by providing
customers with individualized, responsive, quality service and to augment its
existing market share.&#160;&#160; The Company&#146;s
main objective is to increase loans and deposits through additional expansion
opportunities in Texas, while stressing efficiency and maximizing profitability.&#160; In furtherance of this objective, the
Company has employed the following operating strategies:</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Focus On Community Banking</I>.&#160; The Company has developed a reputation of being a premier
provider of financial services to small and medium-sized businesses,
professionals and individuals in Northeast Texas.&#160; Management believes the Company&#146;s reputation for providing
personal, professional and dependable service is well established in
communities located in this area.&#160; Each
of the Company&#146;s full-service branch locations is administered by a local
President with knowledge of the community and lending expertise in the specific
industries found in the community, whether it is agriculture, manufacturing and
commerce or professional services.&#160;
Decisions regarding loans are made at each location in a timely
manner.&#160;&#160;&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Controlled
Core Growth</I>.&#160;
Prior to 2003, the Company had increased its market share in each of the
communities in which it maintains a full-service banking center.&#160; In 2003, the Company experienced a decrease
in time deposits due to accounts seeking alternative reinvestments caused by
the historic low interest rate environment.&#160;
Other types of accounts such as checking, money market and savings,
experienced growth in volume and dollars.&#160;
In its principal location of Mount Pleasant, the Company&#146;s market share
of financial institution deposits, based on the FDIC Deposit Market Share data
as of June 30, 2003, was approximately 42.5%, the largest single financial
institution in that market.&#160; This same
report showed gains in market share with total market share for the Commerce
location at 4.95%, Pittsburg at 10.82%, Sulphur Springs at 15.43%, Paris at
11.91%, and Bogata at 12.31%.&#160; The
Company is well known in its geographic area as a result of its longevity and
reputation for service.&#160; The Company
intends to continue to grow by seeking strategic acquisitions and branching
opportunities as well as servicing its existing customer base. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leadership
Technology.&#160; </I>The
Company has embraced technological change as a way to remain competitive,
manage operational costs associated with growth and offer superior products to
its customers.&#160; Recent technological
implements include mailroom automation, Voice-Over-IP telephony, and Internet
Banking enhancements.&#160; This adds to our
existing electronic bill and note payment, note and document imaging,
electronic report management, remote proof capture, electronic statement
delivery, and an automated voice response system.&#160; Currently, the Company is evaluating several additional
enhancements that will improve its ability to deliver information internally to
improve productivity and externally to provide convenience and timeliness to
its growing customer base.&#160; Such
enhancements include consolidation of various accounting systems the Bank uses,
implementation of a new &#147;Check 21&#148; compatible teller system and electronic
check/image presentment.&#160; The Company
has made significant investments in technology, and has become a technological
leader in its market.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Offer
Competitive Products.&#160; </I>The
Company recognizes its competition is not solely banks, but brokerage houses,
insurance companies, credit unions and various other competitors, and that in
order to thrive it must be </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">4</FONT></P>


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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">competitive in the products that it offers.&#160; The Company offers a full range of commercial loan products,
including term loans, lines of credit, fixed asset loans, real estate loans and
working capital loans.&#160; The Company also
offers consumers a full range of personal loan products including automobile
loans, home improvement loans, consumer loans and mortgage loans.&#160; The Company also has a wide variety of
deposit products, including a Premier Money Market Account that pays a rate
competitive with most brokerage investment accounts.&#160; This product, coupled with certificates of deposit, NOW accounts,
savings accounts, Internet banking, free checking, debit cards and overdraft
protection, gives the customer a full complement of deposit products at
competitive rates.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand
Revenue Sources</I>.&#160;
In order to provide service to its customers and to augment revenues,
the Company offers brokerage services through BSC, a full-service brokerage
company.&#160;&#160; BSC offers a complete array
of investment options including stocks, bonds, mutual funds, financial and
retirement planning, tax advantaged investments and asset allocations.&#160; BSC offers securities through Southwest
Securities, a Texas-based independent clearing firm and is licensed and
regulated through the National Association of Securities Dealers, the
Securities and Exchange Commission and various state and federal banking
authorities.&#160; The Company&#146;s Trust
Department offers complete trust services, including estate administration and
custody, trust and asset management services.&#160;&#160;&#160; Management believes that an aging affluent population will
foster an increase in the need for professional estate administration
services.&#160; The maturing of the baby
boomer generation is creating a market for asset management services.&#160; The Trust Department is in a unique position
since there is little competition for trust services in the Company&#146;s
markets.&#160; Because of the Company&#146;s
strong presence in its markets, management believes that banking relationships
can be leveraged into growth for the Trust Department.&#160; In 2003, Trust Department assets under
management increased $20.3 million, or 71%.&#160;
Growth in trust assets and corresponding management fees will result
from expanding estate administration, traditional trust services, asset
management services and custodial services in the Company&#146;s markets.&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Improve
Operating Efficiencies</I>.&#160; In order to control overhead expenses, the Company seeks to
provide a full range of services as effectively as possible.&#160; Through BSC, the Company is able to provide
its customers with full brokerage services without having to carry the entire
cost itself due to a shared cost agreement with other banks.&#160; Similarly, the Company enjoys the compliance
and loan review functions provided by IBS on a shared cost basis with a group
of other banks participating in this arrangement.&#160; The Company has spent the last ten years and considerable revenue
expanding its market and improving the delivery of its financial products,
which has resulted in a higher than desired efficiency ratio.&#160; Beginning with the acquisition of the Deport
Bank in 1992, the Company has added ten locations.&#160; As a result, it has taken longer for the Company to achieve the
desired economies of scale, but with its growth rate, those economies are
beginning to be realized and the efficiency ratio is expected to show improving
trends in the future.&#160; The Company has
the support staff and related fixed asset investments to accommodate additional
growth and enjoy additional economies of scale.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Training.</I>&#160;&#160; An effective training program is critical to
the Company&#146;s success.&#160; The rapid growth
experienced by the Company, changes in technology, changes in bank regulations,
and staff development all contribute to the need for a strong training program.&#160; To this end, the Human Resource Manager has
developed a formalized training program that focuses on technology, compliance,
and operations.&#160; In addition, more
programs are scheduled to come online in 2004 that target the heart of the
Company&#146;s business sales and service.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Competition</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The banking
business is highly competitive, and the profitability of the Company depends
principally on the Company&#146;s ability to compete in the market areas in which
its banking operations are located. The Company competes with other commercial
banks, savings banks, savings and loan associations, credit unions, finance
companies, mutual funds, insurance companies, brokerage and investment banking
firms, asset-based non-bank lenders and certain other non-financial entities,
including retail stores which may maintain their own credit programs and
certain governmental organizations which may offer more favorable financing
than the Company.&#160; The Company has been
able to compete effectively with other financial institutions by emphasizing
customer service, technology and local office decision-making, by establishing
long-term customer relationships and building customer loyalty, and by
providing products and services designed to address the specific needs of its
customers. Competition from both financial and non-financial institutions is
expected to continue.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the
Gramm-Leach-Bliley Act, effective March 11, 2000, securities firms and
insurance companies that elect to become financial holding companies may
acquire banks and other financial institutions.&#160; <B>See &#147;-</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">5</FONT></P>

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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Supervision and Regulation &#150; The Company&#148;.</B>&#160; The financial services industry is also
likely to become even more competitive as further technological advances enable
more companies to provide financial services.&#160;
These technological advances may diminish the importance of depository
institutions and other financial intermediaries in the transfer of funds
between parties.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Leveraged Lease Transactions</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In a series
of transactions in 1992, 1994 and 1995, Guaranty Leasing acquired limited
partnership interests in three different partnerships (collectively, the
&#147;Partnerships&#148; or individually, a &#147;Partnership&#148;) engaged in the equipment
leasing business.&#160; The investments were
structured by TransCapital Corporation (&#147;TransCapital&#148;) through various
subsidiaries and controlled partnerships.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generally,
in each of the transactions the Partnership became the lessee of equipment from
an equipment owner (pursuant to a sale and leaseback transaction) and the
sublessor of the equipment to the equipment user.&#160; Each Partnership receives note payments from the equipment owner
under a purchase money note given to purchase the equipment from that
Partnership.&#160; The Partnership makes lease
payments to the equipment owner pursuant to the master lease of the equipment.&#160; In most instances, payments under the
purchase money note equals lease payments under the master lease.&#160; Rental payments from the equipment used
under these equipment subleases were sold in advance subject to existing liens
for purchase of the equipment.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership incurs a tax loss while the master lease/sublease structure is in
place, primarily because deductions for rentals paid under the master lease
exceed taxable interest income under the purchase money note.&#160; Consequently, Guaranty Leasing has reported
tax losses as a result of its investments in the Partnerships, which were
deductible by the Company.&#160; In November
1998, Guaranty Leasing was informed by the Internal Revenue Service (the
&#147;Service&#148;) that it has taken the position that certain losses taken by one of
the three Partnerships during 1994, 1995 and 1996 of $302,000, $410,000 and
$447,000, respectively, would be disallowed.&#160;
In October 2001, Guaranty Leasing was informed by the Service that it
has taken the position that certain losses taken by that Partnership during
1997 of $487,000 would also be disallowed.&#160;
In September 2002, the Company received from the Service a Notice of
Final Partnership Administrative Adjustment disallowing these deductions.&#160; Based upon the advice of counsel, the
Company believes that it has correctly reported these transactions for tax
purposes and that it has obtained appropriate legal, accounting and appraisal
opinions and authority to support its positions.&#160; The Company recorded and expensed the tax affect of the
disallowed deductions in 2002.&#160; On
February 3, 2003, the Company filed a petition to begin the process to litigate
the matter in the United States District Court for the Eastern District of
Texas the (&#147;Texas Court&#148;).&#160; On August 5,
2003, the Texas Court issued a Docket Control Order establishing a court
timeline and a final Pretrial Conference for April 5, 2004.&#160; On October 17, 2003, the Government filed a
Motion to Transfer Venue from the Texas Court to the United States District
Court for the Eastern District for Virginia, (the &#147;Virginia Court&#148;).&#160; On November 25, 2003, the Government filed a
Motion to Stay Proceedings.&#160; On December
18, 2003, the Texas Court issued an Order to Stay Proceedings pending the
Court&#146;s ruling on the Government&#146;s Motion to Transfer Venue.&#160; Any final determination with respect to the
Partnership will be binding on the Company.&#160;
In addition to the ongoing litigation regarding the Partnership, the
Service is currently in the process of examining the tax deductions taken for
the other two Partnerships.&#160; No
determination has been made regarding the disallowance of similar deductions
for these other two Partnerships.&#160;
Should the Service ultimately disallow the related tax deductions taken
during the remaining years of the above partnership as well as the other two
Partnerships, the Company will be required to recognize an additional maximum
tax liability of approximately $3.9 million plus possible penalty and
interest.&#160; The Company is actively
contesting the position of the Service in connection with this matter, and will
take appropriate steps necessary to protect its legal position. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the
year ended December 31, 2000, Guaranty Leasing acquired for approximately $2.8
million, a 2.5% ownership interest in an Aircraft Finance Trust (&#147;AFT&#148;), a
special purpose business trust formed to acquire, finance, refinance, own,
lease, sublease, sell and maintain aircraft.&#160;
AFT was created by General Electric Capital Corporation, and is a
financing transaction through which airlines lease aircraft.&#160; AFT is a business trust formed in 1999 under
the laws of the state of Delaware, and it leases aircraft to airlines around
the world.&#160; The senior notes issued to
AFT are rated AA by Standard and Poors and the notes are secured by the cash
flow from the aircraft leases.&#160; The
notes mature in 2024.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">6</FONT></P>

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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the
fourth quarter of 2001, on belief that the Company&#146;s investment in AFT was
impaired by declines in air travel and reduced demand for commercial aircraft,
an impairment charge of $1.5 million was recorded and the carrying amount of
the investment was reduced to $1.6 million.&#160;
During the third quarter of 2001, AFT recorded an impairment charge of
$18.2 million related to two airplanes.&#160;
In addition, management received indications the appraised value of
AFT&#146;s fleet of airplanes had declined approximately 9% from their value during
2003.&#160; Based on these factors, the
limited marketability of the investment, the uncertainty surrounding the air
transport industry and general economic conditions, management believed that
the value of its investment in AFT was permanently impaired and in 2003
recorded an impairment charge of $113,000.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Employees</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of
December 31, 2003, the Company had 211 full-time employees and 30 part-time
employees, 86 of whom were officers of the Bank. All employees are non-union
employees.&#160; The Company provides medical
and hospitalization insurance to its full-time employees. The Company considers
its relations with employees to be excellent.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Supervision and Regulation</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
supervision and regulation of bank holding companies and their subsidiaries is
intended primarily for the protection of depositors, the deposit insurance
funds of the Federal Deposit Insurance Corporation (&#147;FDIC&#148;) and the banking
system as a whole, and not for the protection of the bank holding company
shareholders or creditors. The banking agencies have broad enforcement power
over bank holding companies and banks including the power to impose substantial
fines and other penalties for violations of laws and regulations.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following description summarizes some of the laws to which the Company and the
Bank are subject. References herein to applicable statutes and regulations are
brief summaries thereof, do not purport to be complete, and are qualified in
their entirety by reference to such statutes and regulations.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The
Company</U></B>.&#160;
The Company is a bank holding company registered under the Bank Holding
Company Act of 1956, as amended (the &#147;BHC Act&#148;), and it is subject to
supervision, regulation and examination by the Board of Governors of the
Federal Reserve System (&#147;Federal Reserve&#148;).&#160;
The BHC Act and other federal laws subject bank holding companies to
particular restrictions on the types of activities in which they may engage,
and to a range of supervisory requirements and activities, including regulatory
enforcement actions for violations of laws and regulations.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulatory
Restrictions on Dividends; Source of Strength.</I> It is
the policy of the Federal Reserve that bank holding companies should pay cash
dividends on common stock only out of income available over the past year and
only if prospective earnings retention is consistent with the organization&#146;s
expected future needs and financial condition. The policy provides that bank
holding companies should not maintain a level of cash dividends that undermines
the bank holding company&#146;s ability to serve as a source of strength to its
banking subsidiaries.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
Federal Reserve policy, a bank holding company is expected to act as a source
of financial strength to each of its banking subsidiaries and commit resources
to their support. Such support may be required at times when, absent this
Federal Reserve policy, a holding company may not be inclined to provide it. As
discussed below, a bank holding company in certain circumstances could be
required to guarantee the capital plan of an undercapitalized banking
subsidiary.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
event of a bank holding company&#146;s bankruptcy under Chapter 11 of the U.S.
Bankruptcy Code, the trustee will be deemed to have assumed and is required to
cure immediately any deficit under any commitment by the debtor holding company
to any of the federal banking agencies to maintain the capital of an insured depository
institution, and any claim for breach of such obligation will generally have
priority over most other unsecured claims.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Modernization.&#160; </I>On
October 26, 2001, President Bush signed the USA Patriot Act of 2001.&#160; Enacted in response to the terrorist attacks
in New York, Pennsylvania and Washington, D.C. on September 11, 2001, the
Patriot Act is intended to strengthen U.S. law enforcement&#146;s and the
intelligence communities&#146; ability to </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">7</FONT></P>

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<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">work cohesively to combat terrorism on a variety of fronts.&#160; The potential impact of the Act on financial
institutions of all kinds is significant and wide ranging.&#160; The Act contains sweeping anti-money
laundering and financial transparency laws and requires various regulations,
including:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">due diligence
  requirements for financial institutions that administer, maintain or manage
  private bank accounts or correspondent accounts for non-U.S. persons;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">standards
  for verifying customer identification at account opening;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">rules to
  promote cooperation among financial institutions, regulators, and law
  enforcement entities in identifying parties that may be involved in terrorism
  or money laundering;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">reports by
  non-financial trades and businesses filed with the Treasury Department&#146;s Financial
  Crimes Enforcement Network for transactions exceeding $10,000; and,</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">filing of
  suspicious activities reports regarding securities by brokers and dealers if
  they believe a customer may be violating U.S. laws and regulations.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the
Financial Services Modernization Act, federal banking regulators adopted rules
that limit the ability of banks and other financial institutions to disclose
non-public information about consumers to nonaffiliated third parties.&#160; Pursuant to the rules, financial
institutions must provide:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">initial
  notices to customers about their privacy policies, describing the conditions
  under which they may disclose non-public personal information to
  nonaffiliated third parties and affiliates;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">annual
  notices of their privacy policies to current customers; and,</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#149;</FONT></P></TD>
  <TD WIDTH="88%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">a reasonable
  method for customers to &#147;opt out&#148; of disclosures to nonaffiliated third
  parties.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
privacy provisions will affect how customer information is transmitted through
diversified financial companies and conveyed to outside vendors.&#160; Management believes the privacy positions
have not had a material adverse effect on the Company&#146;s financial condition or
results of operations.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safe
and Sound Banking Practices.</I> Bank holding companies
are not permitted to engage in unsafe and unsound banking practices. The
Federal Reserve&#146;s Regulation Y, for example, generally requires a holding
company to give the Federal Reserve prior notice of any redemption or
repurchase of its own equity securities, if the consideration to be paid,
together with the consideration paid for any repurchases or redemptions in the
preceding year, is equal to 10% or more of the company&#146;s consolidated net
worth. The Federal Reserve may oppose the transaction if it believes that the
transaction would constitute an unsafe or unsound practice or would violate any
law or regulation. Depending upon the circumstances, the Federal Reserve could
take the position that paying a dividend would constitute an unsafe or unsound
banking practice.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Federal
Reserve has broad authority to prohibit activities of bank holding companies
and their non-banking subsidiaries which represent unsafe and unsound banking
practices or which constitute violations of laws or regulations, and can assess
civil money penalties for certain activities conducted on a knowing and
reckless basis, if those activities caused a substantial loss to a depository
institution. The penalties can be as high as $1.0 million for each day the activity
continues.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anti-Tying
Restrictions.</I> Bank holding companies and their
affiliates are prohibited from tying the provision of certain services, such as
extensions of credit, to other services offered by a holding company or its
affiliates.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital
Adequacy Requirements.</I> The Federal Reserve has adopted
a system using risk-based capital guidelines to evaluate the capital adequacy
of bank holding companies. Under the guidelines, specific categories of assets
are assigned different risk weights, based generally on the perceived credit
risk of the asset. These risk weights are multiplied by corresponding asset
balances to determine a &#147;risk-weighted&#148; asset base. The guidelines </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">8</FONT></P>

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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">require a minimum total risk-based capital ratio of 8.0% (of which at
least 4.0% is required to consist of Tier 1 capital elements). Total capital is
the sum of Tier 1 and Tier 2 capital. As of December 31, 2003, the Company&#146;s
ratio of Tier 1 capital to total risk-weighted assets was 12.10% and its ratio
of total capital to total risk-weighted assets was 13.18%.&#160;&#160; <B>See &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations&#148;.</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition
to the risk-based capital guidelines, the Federal Reserve uses a leverage ratio
as an additional tool to evaluate the capital adequacy of bank holding
companies. The leverage ratio is a company&#146;s Tier 1 capital divided by its
average total consolidated assets. Certain highly rated bank holding companies
may maintain a minimum leverage ratio of 3.0%, but other bank holding companies
may be required to maintain a leverage ratio of up to 200 basis points above
the regulatory minimum. As of December 31, 2003, the Company&#146;s leverage ratio
was 8.32%.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The federal
banking agencies&#146; risk-based and leverage ratios are minimum supervisory ratios
generally applicable to banking organizations that meet certain specified
criteria, assuming that they have the highest regulatory rating. Banking
organizations not meeting these criteria are expected to operate with capital
positions well above the minimum ratios.&#160;
The federal bank regulatory agencies may set capital requirements for a
particular banking organization that are
higher than the minimum ratios when circumstances warrant. Federal Reserve
guidelines also provide that banking organizations experiencing internal growth
or making acquisitions will be expected to maintain strong capital positions
substantially above the minimum supervisory levels, without significant
reliance on intangible assets.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imposition
of Liability for Undercapitalized Subsidiaries.</I> Bank
regulators are required to take &#147;prompt corrective action&#148; to resolve problems
associated with insured depository institutions whose capital declines below
certain levels. In the event an institution becomes &#147;undercapitalized,&#148; it must
submit a capital restoration plan. The capital restoration plan will not be
accepted by the regulators unless each company having control of the
undercapitalized institution guarantees the subsidiary&#146;s compliance with the
capital restoration plan up to a certain specified amount. Any such guarantee
from a depository institution&#146;s holding company is entitled to a priority of
payment in bankruptcy.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
aggregate liability of the holding company of an undercapitalized bank is
limited to the lesser of 5% of the institution&#146;s assets at the time it became
undercapitalized or the amount necessary to cause the institution to be
&#147;adequately capitalized.&#148; The bank regulators have greater power in situations
where an institution becomes &#147;significantly&#148; or &#147;critically&#148; undercapitalized
or fails to submit a capital restoration plan. For example, a bank holding
company controlling such an institution can be required to obtain prior Federal
Reserve approval of proposed dividends, or might be required to consent to a
consolidation or to divest the troubled institution or other affiliates.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions
by Bank Holding Companies.</I> The BHC Act requires every
bank holding company to obtain the prior approval of the Federal Reserve before
it may acquire all or substantially all of the assets of any bank, or ownership
or control of any voting shares of any bank, if after such acquisition it would
own or control, directly or indirectly, more than 5% of the voting shares of
such bank. In approving bank acquisitions by bank holding companies, the
Federal Reserve is required to consider the financial and managerial resources
and future prospects of the bank holding company and the banks concerned, the
convenience and needs of the communities to be served, and various competitive
factors.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Control
Acquisitions.</I> The Change in Bank Control Act prohibits
a person or group of persons from acquiring &#147;control&#148; of a bank holding company
unless the Federal Reserve has been notified and has not objected to the
transaction. Under a rebuttable presumption established by the Federal Reserve,
the acquisition of 10% or more of a class of voting stock of a bank holding
company with a class of securities registered under Section 12 of the Exchange
Act, such as the Company, would, under the circumstances set forth in the
presumption, constitute acquisition of control of the Company.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, any company is required to obtain the approval of the Federal Reserve
under the BHC Act before acquiring 25% (5% in the case of an acquirer that is a
bank holding company) or more of the outstanding Common Stock of the Company,
or otherwise obtaining control or a &#147;controlling influence&#148; over the Company.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">9</FONT></P>

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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The
Bank</U></B>.&#160; The
Bank is a Texas-chartered banking association, the deposits of which are
insured by the Bank Insurance Fund (&#147;BIF&#148;) of the FDIC. The Bank is not a
member of the Federal Reserve System; therefore, the Bank is subject to
supervision and regulation by the FDIC and the Texas Department of Banking
(&#147;TDB&#148;).&#160; Such supervision and
regulation subjects the Bank to special restrictions, requirements, potential
enforcement actions and periodic examination by the FDIC and the TDB.&#160; Because the Federal Reserve regulates the
bank holding company parent of the Bank, the Federal Reserve also has
supervisory authority, which directly affects the Bank.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equivalence
to National Bank Powers.</I> The Texas Constitution, as
amended in 1986, provides that a Texas-chartered bank has the same rights and
privileges that are or may be granted to national banks domiciled in Texas. To
the extent that the Texas laws and regulations may have allowed state-chartered
banks to engage in a broader range of activities than national banks, the
FDICIA has operated to limit this authority. FDICIA provides that no state bank
or subsidiary thereof may engage as principal in any activity not permitted for
national banks, unless the institution complies with applicable capital
requirements and the FDIC determines that the activity poses no significant
risk to the insurance fund. In general, statutory restrictions on the
activities of banks are aimed at protecting the safety and soundness of
depository institutions.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Modernization.&#160; </I>Under
the Gramm-Leach-Bliley Act, a national bank may establish a financial
subsidiary and engage, subject to limitations on investment, in activities that
are financial in nature, other than insurance underwriting as principal,
insurance company portfolio investment, real estate development, real estate
investment and annuity issuance.&#160; To do
so, a bank must be well capitalized, well managed and have a CRA rating of
satisfactory or better.&#160; Subsidiary
banks of a bank holding company or national banks with financial subsidiaries
must remain well capitalized and well managed in order to continue to engage in
activities that are financial in nature without regulatory actions or
restrictions, which could include divestiture of the financial subsidiary or subsidiaries.&#160; In addition, a bank holding company or a
bank may not acquire a company that is engaged in activities that are financial
in nature unless each of the subsidiary banks of the bank holding company or
the bank has a CRA rating of satisfactory or better.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
the powers of state-chartered banks with respect to engaging in financial
activities are not specifically addressed in the Gramm-Leach-Bliley Act, state
banks, such as the Bank, will have the same if not greater powers as national
banks through the parity provision contained in the Texas Constitution.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Branching.</I>
Texas law provides that a Texas-chartered bank can establish a branch anywhere
in Texas provided that the branch is approved in advance by the TDB.&#160; The branch must also be approved by the
FDIC, which considers a number of factors, including financial history, capital
adequacy, earnings prospects, character of management, needs of the community
and consistency with corporate powers.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictions
on Transactions With Affiliates and Insiders.</I>
Transactions between the Bank and its nonbanking affiliates, including the
Company, are subject to Section 23A of the Federal Reserve Act. In general,
Section 23A imposes limits on the amount of such transactions, and also
requires certain levels of collateral for loans to affiliated parties. It also
limits the amount of advances to third parties, which are collateralized by the
securities or obligations of the Company or its subsidiaries.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliate
transactions are also subject to Section 23B of the Federal Reserve Act which
generally requires that certain transactions between the Bank and its
affiliates be on terms substantially the same, or at least as favorable to the
Bank, as those prevailing at the time for comparable transactions with or
involving other nonaffiliated persons.&#160;
The Federal Reserve has also issued Regulation W which codifies prior
regulations under Section 23A and 23B of the Federal Reserve Act and interpretive
guidance with respect to affiliate transactions.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
restrictions on loans to directors, executive officers, principal shareholders
and their related interests (collectively referred to herein as &#147;insiders&#148;)
contained in the Federal Reserve Act and Regulation O apply to all insured
institutions and their subsidiaries and holding companies. These restrictions
include limits on loans to one borrower and conditions that must be met before
such a loan can be made. There is also an aggregate limitation on all loans to
insiders and their related interests. These loans cannot exceed the
institution&#146;s total unimpaired capital and surplus, and the FDIC may determine
that a lesser amount is appropriate. Insiders are subject to enforcement
actions for knowingly accepting loans in violation of applicable restrictions.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">10</FONT></P>


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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictions
on Distribution of Subsidiary Bank Dividends and Assets.</I>
Dividends paid by the Bank have provided a substantial part of the Company&#146;s
operating funds and it is anticipated that dividends paid by the Bank to the
Company will continue to be the Company&#146;s principal source of operating funds.
Capital adequacy requirements serve to limit the amount of dividends that may
be paid by the Bank. Under federal law, the Bank cannot pay a dividend if,
after paying the dividend, the Bank will be &#147;undercapitalized.&#148; The FDIC may
declare a dividend payment to be unsafe and unsound even though the Bank would
continue to meet its capital requirements after the dividend.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the
Company is a legal entity separate and distinct from its subsidiaries, its
right to participate in the distribution of assets of any subsidiary upon the
subsidiary&#146;s liquidation or reorganization will be subject to the prior claims
of the subsidiary&#146;s creditors. In the event of a liquidation or other
resolution of an insured depository<BR>
institution, the claims of depositors and other general or subordinated
creditors are entitled to a priority of payment over the claims of holders of
any obligation of the institution to its shareholders, including any depository
institution holding company (such as the Company) or any shareholder or
creditor thereof.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Examinations.</I>
The FDIC periodically examines and evaluates insured banks. Based upon such an
evaluation, the FDIC may revalue the assets of the institution and require that
it establish specific reserves to compensate for the difference between the
FDIC-determined value and the book value of such assets. The TDB also conducts
examinations of state banks but may accept the results of a federal examination
in lieu of conducting an independent examination.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Audit
Reports.</I> Insured institutions with total assets of
$500 million or more must submit annual audit reports prepared by independent
auditors to federal and state regulators. In some instances, the audit report
of the institution&#146;s holding company can be used to satisfy this requirement.
Auditors must receive examination reports, supervisory agreements and reports
of enforcement actions. In addition, financial statements prepared in
accordance with accounting principles generally accepted in the United States
of America, management&#146;s certifications concerning responsibility for the
financial statements, internal controls and compliance with legal requirements
designated by the FDIC, and an attestation by the auditor regarding the
statements of management relating to the internal controls must be submitted.
For institutions with total assets of more than $3 billion, independent
auditors may be required to review quarterly financial statements. FDICIA
requires that independent audit committees be formed, consisting of outside
directors only. The committees of such institutions must include members with
experience in banking or financial management, must have access to outside
counsel, and must not include representatives of large customers.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital
Adequacy Requirements.</I> The FDIC has adopted
regulations establishing minimum requirements for the capital adequacy of
insured institutions. The FDIC may establish higher minimum requirements if,
for example, a bank has previously received special attention or has a high
susceptibility to interest rate risk.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The FDIC&#146;s
risk-based capital guidelines generally require state banks to have a minimum
ratio of Tier 1 capital to total risk-weighted assets of 4.0% and a ratio of
total capital to total risk-weighted assets of 8.0%. The capital categories
have the same definitions for the Bank as for the Company. As of December 31,
2003, the Bank&#146;s ratio of Tier 1 capital to total risk-weighted assets was
11.72% and its ratio of total capital to total risk-weighted assets was 12.81%.
<B>See
&#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148;.</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The FDIC&#146;s
leverage guidelines require state banks to maintain Tier 1 capital of no less
than 5.0% of average total assets, except in the case of certain highly rated
banks for which the requirement is 3.0% of average total assets. The TDB has
issued a policy, which generally requires state chartered banks to maintain a
leverage ratio (defined in accordance with federal capital guidelines) of 6.0%.
As of December 31, 2003, the Bank&#146;s ratio of Tier 1 capital to average total
assets (leverage ratio) was 8.05%. <B>See &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations&#148;.</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corrective
Measures for Capital Deficiencies. </I>The federal banking
regulators are required to take &#147;prompt corrective action&#148; with respect to
capital-deficient institutions. Agency regulations define, for each capital
category, the levels at which institutions are &#147;well capitalized,&#148; &#147;adequately
capitalized,&#148; &#147;undercapitalized,&#148; &#147;significantly under capitalized&#148; and
&#147;critically under capitalized.&#148; A &#147;well capitalized&#148; bank has a total risk-based
capital ratio of 10.0% or higher; a Tier 1 risk-based capital ratio of 6.0% or
higher; a leverage ratio of 5.0% or higher; and is not </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">11</FONT></P>


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<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">subject to any written agreement, order or directive requiring it to
maintain a specific capital level for any capital measure. An &#147;adequately
capitalized&#148; bank has a total risk based capital ratio of 8.0% or higher; a
Tier 1 risk-based capital ratio of 4.0% or higher; a leverage ratio of 4.0% or
higher (3.0% or higher if the bank was rated a composite 1 in its most recent
examination report and is not experiencing significant growth); and does not
meet the criteria for a well capitalized bank. A bank is &#147;under capitalized&#148; if
it fails to meet any one of the ratios required to be adequately capitalized. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition
to requiring undercapitalized institutions to submit a capital restoration
plan, agency regulations contain broad restrictions on certain activities of
undercapitalized institutions including asset growth, acquisitions, branch
establishment, and expansion into new lines of business. With certain
exceptions, an insured depository institution is prohibited from making capital
distributions, including dividends, and is prohibited from paying management
fees to control persons if the institution would be undercapitalized after any
such distribution or payment.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As an
institution&#146;s capital decreases, the FDIC&#146;s enforcement powers become more
severe. A significantly undercapitalized institution is subject to mandated
capital raising activities, restrictions on interest rates paid and
transactions with affiliates, removal of management, and other restrictions.
The FDIC has only very limited discretion in dealing with a critically
undercapitalized institution and is virtually required to appoint a receiver or
conservator.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banks with
risk-based capital and leverage ratios below the required minimums may also be
subject to certain administrative actions, including the termination of deposit
insurance upon notice and hearing, or a temporary suspension of insurance
without a hearing in the event the institution has no tangible capital.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
believes that the Company meets all capital adequacy requirements to which it
is subject at December 31, 2003. The Bank&#146;s capital ratios exceeded the minimum
requirements for &#147;well capitalized&#148; institutions under the regulatory framework
for prompt corrective action at December 31, 2003. As a result, the Company
does not believe that FDICIA&#146;s prompt corrective action regulations will have
any material effect on the activities or operations of the Bank. It should be
noted, however, that a bank&#146;s capital category is determined solely for the
purpose of applying the FDIC&#146;s &#147;prompt corrective action&#148; regulations and that
the capital category may not constitute an accurate representation of the
Bank&#146;s overall financial condition or prospects.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit
Insurance Assessments.</I> The Bank must pay assessments
to the FDIC for federal deposit insurance protection. The FDIC has adopted a
risk-based assessment system as required by FDICIA. Under this system,
FDIC-insured depository institutions pay insurance premiums at rates based on
their risk classification. Institutions assigned to higher-risk classifications
(that is, institutions that pose a greater risk of loss to their respective
deposit insurance funds) pay assessments at higher rates than institutions that
pose a lower risk. An institution&#146;s risk classification is assigned based on
its capital levels and the level of supervisory concern the institution poses
to the regulators. In addition, the FDIC can impose special assessments in
certain instances.&#160; The current range of
BIF assessments is between 0% and 0.27% of deposits.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The FDIC
established a process for raising or lowering all rates for insured
institutions semi-annually if conditions warrant a change. Under this new
system, the FDIC has the flexibility to adjust the assessment rate schedule
twice a year without seeking prior public comment, but only within a range of
five cents per $100 above or below the premium schedule adopted. Changes in the
rate schedule outside the five-cent range above or below the current schedule
can be made by the FDIC only after a full rulemaking with opportunity for
public comment.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
September 30, 1996, President Clinton signed into law an act that contained a
comprehensive approach to recapitalize the Savings Association Insurance Fund
(&#147;SAIF&#148;) and assure the payment of the Financing Corporation&#146;s (&#147;FICO&#148;) bond
obligations. Under this new act, banks insured under the BIF are required to
pay a portion of the interest due on bonds that were issued by FICO to help
shore up the ailing Federal Savings and Loan Insurance Corporation in
1987.&#160; The FDIC also applies an
assessment against BIF-assessable deposits to be paid to the Financing
Corporation (&#147;FICO&#148;) to assist in paying interest of FICO bonds, which financed
the resolution of the thrift industry crisis.&#160;
The FICO assessment on BIF-insured deposits was approximately 1.52 basis
points for the fourth quarter 2003.&#160; The
FICO assessment rate is adjusted quarterly.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">12</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement
Powers.</I> The FDIC and the other federal banking
agencies have broad enforcement powers, including the power to terminate
deposit insurance, impose substantial fines and other civil and criminal
penalties and appoint a conservator or receiver. Failure to comply with
applicable laws, regulations and supervisory agreements could subject the
Company or its banking subsidiaries, as well as officers, directors and other institution-affiliated
parties of these organizations, to administrative sanctions and potentially
substantial civil money penalties. The appropriate federal banking agency may
appoint the FDIC as conservator or receiver for a banking institution (or the
FDIC may appoint itself, under certain circumstances) if any one or more of a
number of circumstances exist, including, without limitation, the fact that the
banking institution is undercapitalized and has no reasonable prospect of
becoming adequately capitalized; fails to become adequately capitalized when
required to do so; fails to submit a timely and acceptable capital restoration
plan; or materially fails to implement an accepted capital restoration plan.
The TDB also has broad enforcement powers over the Bank, including the power to
impose orders, remove officers and directors, impose fines and appoint
supervisors and conservators.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered
Deposit Restrictions.</I> Adequately capitalized
institutions cannot accept, renew or roll over brokered deposits except with a
waiver from the FDIC, and are subject to restrictions on the interest rates
that can be paid on such deposits. Undercapitalized institutions may not
accept, renew or roll over brokered deposits.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cross-Guarantee
Provisions.</I> The Financial Institutions Reform,
Recovery and Enforcement Act of 1989 (&#147;FIRREA&#148;) contains a &#147;cross-guarantee&#148;
provision which generally makes commonly controlled insured depository
institutions liable to the FDIC for any losses incurred in connection with the failure
of a commonly controlled depository institution.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Community
Reinvestment Act.</I> The CRA and the regulations issued
thereunder are intended to encourage banks to help meet the credit needs of
their service area, including low and moderate income neighborhoods, consistent
with the safe and sound operations of the banks. These regulations also provide
for regulatory assessment of a bank&#146;s record in meeting the needs of its
service area when considering applications to establish branches, merger applications
and applications to acquire the assets and assume the liabilities of another
bank. FIRREA requires federal banking agencies to make public a rating of a
bank&#146;s performance under the CRA. In the case of a bank holding company, the
CRA performance record of the banks involved in the transaction are reviewed in
connection with the filing of an application to acquire ownership or control of
shares or assets of a bank or to merge with any other bank holding company. An
unsatisfactory record can substantially delay or block the transaction.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer
Laws and Regulations.</I> In addition to the laws and
regulations discussed herein, the Bank is also subject to certain consumer laws
and regulations that are designed to protect consumers in transactions with
banks. While the list set forth herein is not exhaustive, these laws and
regulations include the Truth in Lending Act, the Truth in Savings Act, the
Electronic Funds Transfer Act, the Expedited Funds Availability Act, the Equal
Credit Opportunity Act, and the Fair Housing Act, among others. These laws and
regulations mandate certain disclosure requirements and regulate the manner in
which financial institutions must deal with customers when taking deposits<BR>
or making loans to such customers. The Bank must comply with the applicable
provisions of these consumer protection laws and regulations as part of their
ongoing customer relations.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Instability of Regulatory
Structure</I><B>. </B>Various legislation, such as the
Gramm-Leach-Bliley Act, which expanded the powers of banking institutions and
bank holding companies, and proposals to overhaul the bank regulatory system
and limit the investments that a depository institution may make with insured
funds, is from time to time introduced in Congress. Such legislation may change
banking statutes and the operating environment of the Company and the Bank in
substantial and unpredictable ways. The Company cannot determine the ultimate
effect that the Gramm-Leach-Bliley Act will have or the effect that potential
legislation, if enacted, or implementing regulations with respect thereto,
would have, upon the financial condition or results of operations of the
Company or its subsidiaries.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expanding
Enforcement Authority</I><B>.</B>&#160; One of the major additional burdens imposed on the banking
industry by FDICIA is the increased ability of banking regulators to monitor
the activities of banks and their holding companies. In addition, the Federal
Reserve and FDIC possess extensive authority to police unsafe or unsound practices
and violations of applicable laws and regulations by depository institutions
and their holding companies. For example, the FDIC may terminate the deposit
insurance of any institution, which it determines has engaged in an unsafe or
unsound practice. The agencies can also assess civil money penalties, issue
cease and desist or removal orders, seek injunctions, and publicly disclose
such actions. FDICIA, FIRREA and other laws have expanded the </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">13</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">agencies&#146; authority in recent years, and the agencies have not yet
fully tested the limits of their powers.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect
on Economic Environment</I><B>.</B>&#160; The policies of regulatory authorities, including the monetary
policy of the Federal Reserve, have a significant effect on the operating
results of bank holding companies and their subsidiaries. Among the means
available to the Federal Reserve to affect the money supply are open market
operations in U.S. Government securities, changes in the discount rate on
member bank borrowings, and changes in reserve requirements against member bank
deposits. These means are used in varying combinations to influence overall
growth and distribution of bank loans, investments and deposits, and their use
may affect interest rates charged on loans or paid for deposits.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
Reserve monetary policies have materially affected the operating results of
commercial banks in the past and are expected to continue to do so in the
future. The nature of future monetary policies and the effect of such policies
on the business and earnings of the Company and the Bank cannot be predicted.</FONT></P>

<P><A NAME=A003></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
2.&#160; <I>Properties </I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
conducts business at eleven banking locations, with two located in Mount
Pleasant, eight located in the Northeast Texas communities of Bogata, Commerce,
Deport, Paris, Pittsburg, Sulphur Springs, Talco, Texarkana and one located in
the West Texas community of Fort Stockton.&#160;
The Company&#146;s headquarters are located at 100 West Arkansas in Mount
Pleasant in a two-story office building.&#160;
The Company owns all of its locations and considers the properties to be
suitable and adequate for the Company&#146;s present needs.&#160; The following table sets forth specific
information on each of the Company&#146;s locations: </FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Location</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Address</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="4" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Deposits at<BR>
  December 31, 2003</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="19%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="4" VALIGN=TOP NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bogata</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">110 Halesboro Street,
  Bogata, Texas&#160; 75417</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,925
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commerce</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1108 Park Street,
  Commerce, Texas 75429</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30,217
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deport</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">111 Main Street, Deport,
  Texas&#160; 75435</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18,475
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fort Stockton</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">#1 Spring Drive, Fort
  Stockton, Texas 79735</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">673</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(1)</SUP></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mount Pleasant-Downtown</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">100 West Arkansas, Mount
  Pleasant, Texas 75455</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">154,143
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mount Pleasant-South</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2317 South Jefferson,
  Mount Pleasant, Texas 75455</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,734
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Paris</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">3250 Lamar Avenue, Paris,
  Texas&#160; 75460</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">64,604
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Pittsburg</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">116 South Greer Blvd.,
  Pittsburg, Texas&#160; 75686</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,776
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Sulphur Springs</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">919 Gilmer Street, Sulphur
  Springs, Texas&#160; 75482</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">63,305
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Talco</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">104 Broad Street, Talco,
  Texas&#160; 75487</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,919
  </FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texarkana</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2202 St. Michael Drive,
  Texarkana, Texas&#160; 75503</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">22,076</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<BR>

<HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(1)</SUP></FONT></P>
  </TD>
  <TD WIDTH="97%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Location offers loans and time deposits only.</FONT></P>
  </TD>
 </TR>
</TABLE>

<P><A NAME=A004></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
3.&#160; <I>Legal Proceedings</I></B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
faces ordinary routine litigation arising in the normal course of
business.&#160; In the opinion of management,
liabilities (if any) arising from such claims will not have a material adverse
effect upon the business, results of operations or financial condition of the
Company.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">14</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March
2000, the Company filed an action in the District Court of Titus County, Texas
against Guaranty Federal Bank, F.S.B., (&#147;Guaranty Federal&#148;) a thrift
institution, after the Company discovered that Guaranty Federal was using the
name, &#147;Guaranty Bank&#148;, in its business dealings.&#160; The case sought a declaratory judgment that the Company has the
sole right to the name &#147;Guaranty Bank&#148;.&#160;
In November 2001, a settlement was reached.&#160; In exchange for $3.0 million, the Company dropped the lawsuit
against Guaranty Federal and the Company agreed to change its name by December
31, 2002. &#160;At December 31, 2001, the
financial statements of the Company reflect the effect of this settlement.&#160; In October 2002, the Bank officially changed
its name to Guaranty Bond Bank.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November
1998, Guaranty Leasing was informed by the Internal Revenue Service (the
&#147;Service&#148;) that it has taken the position that certain losses taken by one of
the three Partnerships during 1994, 1995 and 1996 of $302,000, $410,000 and
$447,000, respectively, would be disallowed.&#160;
In October 2001, the Service informed Guaranty Leasing that it has taken
the position that certain losses taken by that Partnership during 1997 of
$487,000 would also be disallowed.&#160; In
September 2002, the Company received from the Service a Notice of Final
Partnership Administrative Adjustment disallowing these deductions.&#160; Based upon the advice of counsel, the
Company believes that it has correctly reported these transactions for tax
purposes and that it has obtained appropriate legal, accounting and appraisal
opinions and authority to support its positions.&#160; The Company has recorded and expensed the tax affect of the
disallowed deductions.&#160; On February 3,
2003, the Company filed a petition to begin the process to litigate the matter
in the United States District Court for the Eastern District of Texas the
(&#147;Texas Court&#148;).&#160; On August 5, 2003, the
Texas Court issued a Docket Control Order establishing a court timeline and a
final Pretrial Conference for April 5, 2004.&#160;
On October 17, 2003, the Government filed a Motion to Transfer Venue
from the Texas Court to the United States District Court for the Eastern
District for Virginia, (the &#147;Virginia Court&#148;).&#160;
On November 25, 2003, the Government filed a Motion to Stay Proceedings.&#160; On December 18, 2003, the Texas Court issued
an Order to Stay Proceedings pending the Court&#146;s ruling on the Government&#146;s
Motion to Transfer Venue.&#160; Any final
determination with respect to the Partnership will be binding on the
Company.&#160; In addition to the ongoing
litigation regarding the Partnership, the Service is currently in the process
of examining the tax deductions taken for the other two Partnerships.&#160; No determination has been made regarding the
disallowance of similar deductions for these other two Partnerships.&#160; Should the Service ultimately disallow the
related tax deductions taken during the remaining years of the above
partnership as well as the other two partnerships, the Company will be required
to recognize an additional maximum tax liability of approximately $3.9 million
plus possible penalty and interest.&#160; The
Company is actively contesting the position of the Service in connection with
this matter, and will take appropriate steps necessary to protect its legal
position.</FONT></P>
<P><A NAME=A005></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
4.&#160; <I>Submission of Matters to a Vote of Security Holders</I></B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No matters
were submitted to a vote of security holders during the fourth quarter of 2003.</FONT></P>

<P><A NAME=A006></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>PART II</B></FONT></P>
<P><A NAME=A007></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
5.&#160; <I>Market for Registrant&#146;s Common Equity and Related
Shareholder Matters</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Common
Stock began trading on May 21, 1998 and is listed on the Nasdaq National Market
System (&#147;Nasdaq NMS&#148;) under the symbol &#147;GNTY&#148;.&#160;
Prior to that date, the Company&#146;s Common Stock was privately held and
not listed on any public exchange or actively traded.&#160; The Company had a total of 2,921,928 shares outstanding at
December 31, 2003.&#160;&#160; As of December 31,
2003, there were 371 registered shareholders of record.&#160; The number of beneficial shareholders is
unknown to the Company at this time.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents the high and low Common Stock prices reported on the
Nasdaq NMS by quarter during the two years ended December 31, 2003: </FONT></P>



<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="18%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="18%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>High</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Low</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>High</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Low</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fourth quarter</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">22.00</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17.78</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16.25</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14.00
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Third quarter</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18.15</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16.40</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.07
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Second quarter</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16.59</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15.15</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.00
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">First quarter</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16.40</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15.64</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.25</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.26
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>




<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">15</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of
Common Stock are entitled to receive dividends when, as and if declared by the
Company&#146;s Board of Directors out of funds legally available therefore. While the
Company has declared dividends on its Common Stock since 1980, and paid
semi-annual dividends aggregating $0.37 per share per annum in 2003, there is
no assurance that the Company will continue to pay dividends in the future.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
principal source of cash revenues to the Company is dividends paid by the Bank
with respect to the Bank&#146;s capital stock. There are certain restrictions on the
payment of such dividends imposed by federal and state banking laws,
regulations and authorities. <B>See &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations&#148; and &#147;Supervision and Regulation &#150; &#147;The
Bank&#148;.</B>&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s cash dividends paid per share by quarter were as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%">
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fourth quarter</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.20</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.17</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.15
  </FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Third quarter</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Second quarter</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.17</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.15</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.13
  </FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">First quarter</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Securities Authorized for Issuance Under
Equity Compensation Plans</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
currently has stock options outstanding.&#160;
The options were granted under the Company&#146;s 1998 Stock Incentive Plan
which was approved by the Company&#146;s shareholders.&#160; The following table provides information as of December 31, 2003
regarding the Company&#146;s equity compensation plans under which the Company&#146;s
equity securities are authorized for issuance:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="59%" COLSPAN="12" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EQUITY COMPENSATION PLAN INFORMATION</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="59%" COLSPAN="12" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(a)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(b)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(c)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Plan category</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Number&nbsp;of&nbsp;securities&nbsp;to<BR>
  be issued upon exercise<BR>
  of outstanding options,<BR>
  warrants and rights</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Weighted-average<BR>
  exercise price of<BR>
  outstanding options</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Number of securities<BR>
  remaining available for<BR>
  future issuance under<BR>
  equity compensation&#160; <BR>
  plans (excluding securities<BR>
  reflected in column (a))</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity compensation plans<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;approved by security holders</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">144,500</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.42</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">853,500
  </FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity compensation plans
  not<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;approved by security holders</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">144,500</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.42</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">853,500
  </FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">16</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><A NAME=A008></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
6.&#160; <I>Selected Financial Data</I></B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Selected Consolidated
Financial Data Of The Company</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following selected consolidated financial data should be read in conjunction
with the Consolidated Financial Statements of the Company and the notes
thereto, appearing elsewhere in this Annual Report on Form 10-K, and the
information contained in &#147;Item 7. Management&#146;s Discussion and Analysis of
Financial Condition and Results of Operations.&#148;&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents selected historical consolidated financial data as of
and for the five years ended December 31, 2003 and are derived from the
Company&#146;s Consolidated Financial Statements, which have been audited by
independent certified public accountants.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>As of and for the Years Ended December 31</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share
  data</B><B>)</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Income
  Statement Data:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">27,564</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,955</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">29,861</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">29,017</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21,568</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,242</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,272</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,363</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,742</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,506</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Net
  interest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17,322</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,683</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,498</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,275</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11,062</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,075</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,385</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">595</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">310</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Net
  interest income after provision for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,247</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,423</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,113</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11,680</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,752</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,937</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,056</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,201</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,723</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,374</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,837</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,519</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,140</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,259</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Earnings
  before taxes</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,347</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,787</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,795</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,263</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,867</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for income tax
  expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,503</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,410</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,505</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">755</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">745</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Net
  earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,844</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,377</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,508</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,122</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Common
  Share Data:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings (basic) <SUP>(1)</SUP></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.46</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.80</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.03</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings (diluted) <SUP>&#160;(1)</SUP></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.30</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.45</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.80</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.03</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Book value</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.47</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.81</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.59</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.67</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.77</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tangible book value</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.67</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.82</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.85</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7.81</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash dividends</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.37</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.28</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.25</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.25</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dividend payout ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28.12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25.56</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30.70</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Weighted average common
  shares outstanding-basic<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;(in thousands)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,923</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,991</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,016</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,126</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,045</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Weighted average common
  shares outstanding-diluted<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;(in thousands)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,953</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,013</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,027</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,133</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,045</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Period end shares
  outstanding (in thousands)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,922</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,932</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,004</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,044</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,232</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Balance
  Sheet Data:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">517,078</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">517,968</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">460,509</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">411,031</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">370,438</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">99,614</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">106,992</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">81,715</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">81,620</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">79,761</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans held for sale</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,244</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,727</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,634</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">172</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">364,270</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">359,888</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">329,621</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">287,163</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">255,209</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,906</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,346</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,578</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,491</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">407,847</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">424,950</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">383,279</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">358,265</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">328,637</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total common shareholders&#146;
  equity</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">36,448</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">34,644</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">31,827</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">29,425</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,496</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="36%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="63%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(Table
  continues on next page.)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">17</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>As of and for the Years Ended December 31</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
    <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="51%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share
  data</B><B>)</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Average Balance Sheet Data:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">524,675</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">490,620</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">432,200</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">394,496</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">309,247</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">109,325</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">91,710</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">74,826</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">84,933</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">58,308</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">359,829</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">342,823</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">302,656</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">267,996</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">213,737</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance
  for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,767</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,485</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,735</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,519</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,876</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">423,283</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">403,125</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">374,566</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">345,342</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">276,525</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total common
  shareholders&#146; equity</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">35,496</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">33,934</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30,629</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,266</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25,989</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Performance Ratios:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Return on
  average assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.89</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.76</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.64</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Return on
  average common equity</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.74</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest
  margin</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.63</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.46</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.44</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.93</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Efficiency
  ratio <SUP>(2)</SUP></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">71.75</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">68.79</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">70.10</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">75.72</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">71.12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Asset Quality Ratios<SUP>(3)</SUP>:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonperforming
  assets to total loans and other real estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.18</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.43</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net loan
  charge-offs to average loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.24</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.27</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.20</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.19</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.08</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance
  for loan losses to&#160; total loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.07</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.98</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance
  for loan losses to nonperforming loans <SUP>(4)</SUP></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">152.52</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">114.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">59.23</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">54.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">244.94</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Capital Ratios <SUP>(3)</SUP>:</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Leverage
  ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.62</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.44</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.60</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.21</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Average
  shareholders&#146; equity to average total assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6.77</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6.92</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7.09</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7.17</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.40</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tier 1
  risk-based capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.10</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.06</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.52</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.79</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.86</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="44%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  risk-based capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.18</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.69</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<BR>
<HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(1)</SUP></FONT></P>
  </TD>
  <TD WIDTH="97%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings
  per share are based upon the weighted average number of common shares
  outstanding during the period.</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(2)</SUP></FONT></P></TD>
  <TD WIDTH="97%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Calculated
  by dividing total noninterest expenses by net interest income plus
  noninterest income, excluding securities losses or gains.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(3)</SUP></FONT></P></TD>
  <TD WIDTH="97%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">At period
  end, except net loan charge-offs to average loans, and average shareholders&#146;
  equity to average total assets which is for periods ended at such date.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(4)</SUP></FONT></P></TD>
  <TD WIDTH="97%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonperforming
  loans consist of nonaccrual loans, loans contractually past due 90 days or
  more and restructured loans.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">18</FONT></P>

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<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><A NAME=A009></A><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item
7.&#160; <I>Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Application of Critical Accounting Policies And Accounting
Estimates</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts reported in the financial statements
and accompanying notes. While the Company bases its estimates on historical
experience, current information and other factors deemed to be relevant, actual
results could differ from those estimates.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company considers accounting estimates to be critical to its reported financial
results if (i) the accounting estimate requires management to make assumptions
about matters that are highly uncertain and (ii) different estimates that
management reasonably could have used for the accounting estimate in the
current period, or changes in the accounting estimate that are reasonably
likely to occur from period to period, would have a material impact on the
Company&#146;s financial statements. Accounting policies related to allowance for
loan losses and loss contingencies are considered to be critical as these
policies involve considerable subjective judgment and estimation by management.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Critical
accounting policies, and the Company&#146;s procedures related to these policies,
are described in detail below. Also see Note 1 &#150; Summary of Significant
Accounting Policies in the accompanying Notes to Consolidated Financial
Statements.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance
for Loan Losses</I>.&#160; The allowance for loan losses is a reserve
established through a provision for loan losses charged to expense and
represents management&#146;s best estimate of probable losses that have been
incurred within the existing portfolio of loans. The allowance, in management&#146;s
judgment, is necessary to reserve for estimated loan losses and risks inherent
in the loan portfolio. In estimating the allowance for loan losses, management
considers historical charge-off experience, loan delinquencies, the credit
worthiness of individual customers, economic conditions affecting specific
customer industries and general economic conditions, among other factors.
Should any of these factors change, the Company&#146;s estimate of probable loan
losses could also change, which could affect the level of the future provisions
for loan losses. See additional discussion under the sections captioned,
&#147;Allowance for Loan Losses&#148; and &#147;Provision for Loan Losses,&#148; included elsewhere
in this Management&#146;s Discussion and Analysis of Financial Condition and Results
of Operations. Also see Note 3 &#150; Loans and Allowance for Loan Losses in the
accompanying Notes to Consolidated Financial Statements.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss
Contingencies</I>.&#160; There are times when non-recurring events
occur that require management to consider whether an accrual for a loss
contingency is appropriate.&#160; Accruals
for such loss contingencies typically relate to legal proceedings and other
claims and are recorded when management believes the likelihood of an adverse
outcome is probable and the amount of the loss is reasonably estimable.&#160; Contingent liabilities are often resolved
over long time periods. Estimating probable losses requires analysis of
multiple forecasts that often depend on judgments about potential actions by
third parties. While there can be no assurance, the Company currently believes the
outcome of current outstanding legal proceedings will not have a material
adverse effect on the Company&#146;s business, financial condition or results of
operations. The outcomes are inherently uncertain, and it is possible that some
of these matters may be resolved materially adversely to the Company.&#160; The adverse resolution of any one or more of
these matters could have a material adverse effect on the Company&#146;s financial
condition or results of operations.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">19</FONT></P>


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<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Overview</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s results of operations are dependent primarily on net interest income,
which is the difference between the income earned on its loan, securities and
investment portfolios and its cost of funds, consisting of the interest paid on
deposits and borrowings.&#160; Results of operations
are increased by the Company&#146;s noninterest income and decreased by the
provision for loan losses and noninterest expenses.&#160; General economic and competitive conditions, particularly changes
in interest rates, prepayment rates of mortgage-backed securities and loans,
repricings of loan relationships, government policies and actions of regulatory
authorities, also significantly affect the Company&#146;s results of
operations.&#160; Future changes in
applicable law, regulations or government policies may also have a material
impact on the Company.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
earnings were $3.8 million, $4.4 million and $3.3 million for the years ended
December 31, 2003, 2002, and 2001 respectively, and diluted net earnings per
share were $1.30, $1.45, and $1.09 for these same periods.&#160; The decrease in earnings from 2002 to 2003
resulted primarily from an increase in noninterest expense and a decrease in
noninterest income, partially offset by an increase in net interest income,
caused by a growth in interest-earnings assets and a lower cost of funds.&#160; Average interest-earning assets increased to
$476.9 million from $447.4 million, or 6.6% in 2003, while the cost of funds
decreased from 3.16% in 2002 to 2.46% in 2003.&#160;
The resulting net interest margin decreased from 3.73% in 2002 to 3.63%
in 2003, a decrease of 10 basis points or 2.7%.&#160; Noninterest income decreased $119,000, or 2.4% primarily from
fewer gains on the sale of securities.&#160;
Noninterest expense increased $1.1 million, or 7.8% during 2003 compared
to 2002 resulting primarily from an increase in personnel cost.&#160; The increase in earnings from 2001 to 2002
resulted primarily from an increase in net interest income, caused by a growth
in interest-earning assets and a lower cost of funds, and increase in
noninterest income offset by an increase in the provision for loan losses and
an increase in noninterest expense.&#160; The
Company posted returns on average assets of 0.73%, 0.89% and 0.76% and returns
on average common equity of 10.83%, 12.90% and 10.74% in 2003, 2002, and 2001,
respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
assets at December 31, 2003 and 2002 were $517.1 million and $518.0 million,
respectively.&#160; Total deposits at
December 31, 2003 and 2002 were $407.8 million and $425.0 million,
respectively, a decrease of $17.1 million, or 4.0% in 2003.&#160; The decrease was primarily attributable to a
decrease in certificates of deposits of $25.4 million partially offset by
increases in demand accounts of $3.7 million and NOW accounts of $5.0 million.&#160; At December 31, 2003 and 2002, securities totaled
$99.6 million and $107.0 million, respectively.&#160; The decrease in securities in 2003 was primarily due to an
increase in normal pay-downs in the secondary market caused by the increase in
refinancing activity due to the low interest rate environment. &#160;Common shareholders&#146; equity was $36.4 million
and $34.6 million at December 31, 2003 and 2002, respectively.&#160;&#160; The increase in common shareholder&#146;s equity
for the year ended December 31, 2003 reflects earnings retention, partially
offset by a decrease in the unrealized gain on securities available for sale,
the purchase of treasury stock and payment of dividends.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Results of Operations</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Net Interest Income</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
interest income represents the amount by which interest income on
interest-earning assets, which include securities, loans, and federal funds
sold, exceeds interest expense incurred on interest-bearing liabilities, which
include deposits and other borrowed funds. Net interest income is the principal
source of the Company&#146;s earnings. Interest rate fluctuations, as well as
changes in the amount and type of earning assets and liabilities, combine to
affect net interest income.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003
versus 2002&#160;&#160; </I>Net
interest income increased from $16.7 million in 2002 to $17.3 million in 2003,
an increase of $639,000, or 3.8% primarily due to a decrease in interest
expense of $2.0 million, or 16.5%, partially offset by a decrease in interest
income of $1.4 million, or 4.8%.&#160; This
resulted in net interest margins of 3.63% and 3.73% and net interest spreads of
3.32% and 3.31% for the years ended December 31, 2003 and 2002, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in net interest income for 2003 was primarily due to the decrease in
cost of interest-bearing liabilities from 3.16% in 2002 to 2.46% in 2003.&#160; While the Company had an increase in average
loans of $17.0 million, or 4.96% and average securities of $17.6 million, or
19.21%, the impact of these increases were partially offset by lower yields on
interest-earning assets which decreased from 6.47% in 2002 to 5.78% in
2003.&#160; The lower yields and lower cost
of funds resulted from a decrease in prime rate during 2002 from 4.75% to 4.50%
and a further </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">20</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">reduction in 2003 from 4.50% to 4.00%. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002
versus 2001&#160;&#160; </I>Net
interest income increased from $13.5 million in 2001 to $16.7 million in 2002,
an increase of $3.2 million, or 23.7%.&#160;
This resulted in net interest margins of 3.73% and 3.46% and net
interest spreads of 3.31% and 2.85% for the years ended December 31, 2002 and
2001, respectively. <I>&#160;</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in net interest income for 2002 was primarily due to the decrease in
cost of interest-bearing liabilities from 4.80% in 2001 to 3.16% in 2002.&#160;&#160; While the Company had an increase in average
loans of $40.2 million, or 13.3% and average securities of $16.9 million, or
22.6%, the impact of these increases were partially offset by lower yields on
interest-earning assets which decreased from 7.65% in 2001 to 6.47% in
2002.&#160; The lower yields and lower costs
of funds resulted from a decrease in prime rate during 2001 from 9.50% to 4.75%
and a further reduction in 2002 from 4.75% to 4.50%.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">21</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents for the periods indicated the total dollar amount of
interest income from average interest-earning assets and the resultant yields,
as well as the interest expense on average interest-bearing liabilities,
expressed both in dollars and rates. No tax equivalent adjustments were made
and all average balances are derived from average daily balances. Nonaccruing
loans have been included in the tables as loans carrying a zero yield.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="77%" COLSPAN="26" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="77%" COLSPAN="26" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="24%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="24%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="24%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="24%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Outstanding<BR>
  Balance</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Interest<BR>
  Earned/<BR>
  Paid</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Yield/<BR>
  Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Outstanding<BR>
  Balance</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Interest<BR>
  Earned/<BR>
  Paid</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Yield/<BR>
  Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Outstanding<BR>
  Balance</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Interest<BR>
  Earned/<BR>
  Paid</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Average<BR>
  Yield/<BR>
  Rate</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="77%" COLSPAN="26" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><FONT SIZE=1><B>)</B></FONT></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Assets</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Interest-earning assets:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Loans</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">359,829</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">23,473</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6.52</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">342,823</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">24,119</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">302,656</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">24,591</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8.13</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">109,325</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,977</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.64</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">91,710</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,629</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">5.05</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">74,826</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,693</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6.27</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal
  funds sold and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;interest-bearing deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,722</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">114</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1.48</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,821</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">207</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1.61</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,804</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">577</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.51</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-earning assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">476,876</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">27,564</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">5.78</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">447,354</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">28,955</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6.47</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">390,286</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">29,861</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7.65</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Less allowance for loan
  losses</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(3,767</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(3,485</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(2,735</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-earning<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets,&#160;
  net of allowance</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">473,109</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">443,869</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">387,551</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Non-earning assets:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Cash
  and due from banks</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">19,440</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">14,640</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,508</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Premises
  and equipment</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">13,383</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">13,442</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">13,569</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Interest
  receivable and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17,462</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17,437</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17,975</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Other
  real estate owned</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,281</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,232</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">597</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">524,675</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">490,620</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">432,200</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Liabilities
  and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;shareholders&#146; equity</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Interest-bearing
  liabilities:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;NOW,
  savings, and money<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market accounts</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">121,439</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">941</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">0.77</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">108,664</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,507</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1.39</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">104,600</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2,704</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.59</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Time
  deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">232,976</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6,299</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.70</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">231,196</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8,330</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.60</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">213,839</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,132</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">5.67</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-bearing<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">354,415</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,240</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">339,860</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,837</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.89</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">318,439</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">14,836</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.66</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;FHLB
  advances and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;federal funds purchased</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">51,377</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2,001</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.89</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">40,827</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,639</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.02</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">15,636</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">755</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.83</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Long-term
  debt</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10,000</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,001</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,750</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">796</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10.27</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,000</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">772</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">11.03</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-bearing<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liabilities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">415,792</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10,242</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.46</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">388,437</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,272</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.16</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">341,075</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">16,363</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.80</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Noninterest-bearing
  liabilities:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Demand
  deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">68,868</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">63,265</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">56,127</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Accrued
  interest, taxes and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other liabilities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,519</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,984</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,369</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  liabilities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">489,179</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">456,686</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">401,571</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Shareholders&#146; equity</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">35,496</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">33,934</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">30,629</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  liabilities and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shareholders&#146; equity</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">524,675</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">490,620</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">432,200</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net interest income</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17,322</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">16,683</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">13,498</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net interest spread</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.31</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.85</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net interest margin</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.63</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.46</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">22</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents the dollar amount of changes in interest income and
interest expense for the major components of interest-earning assets and
interest-bearing liabilities and distinguishes between the changes in interest
income and interest expense related to changes in average outstanding balances
and the volatility of interest rates. For purposes of this table, changes
attributable to both rate and volume, which can be segregated, have been
allocated proportionately to changes due to rate and changes due to volume.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="54%" COLSPAN="17" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="54%" COLSPAN="17" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="26%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003 vs. 2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="25%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002 vs. 2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="26%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="25%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="26%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Increase (Decrease) Due To</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="25%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Increase (Decrease) Due To</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="26%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="25%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Volume</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Volume</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="54%" COLSPAN="17" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Interest-earning
  assets:</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Loans</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,197</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,843</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(646</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,266</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,738</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(472</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">890</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,542</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(652</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,056</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,120</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(64</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal
  funds sold and interest-bearing deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(82</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(11</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(93</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(371</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(370</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease)
  in interest income</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,005</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,396</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,391</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,323</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(5,229</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(906</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Interest-bearing
  liabilities:</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;NOW,
  savings and money market accounts</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">178</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(744</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(566</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">106</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,303</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,197</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Time
  deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">64</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,095</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,031</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">984</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(4,786</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,802</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;FHLB
  advances and federal funds purchased</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">424</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(62</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">362</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,216</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(332</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">884
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Long-term
  debt</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">231</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(26</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">205</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">83</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(59</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  increase (decrease)&#160; in interest
  expense</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">897</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,927</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,030</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,389</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6,480</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(4,091</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Increase(decrease)
  in net interest income</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,108</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(469</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">639</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,934</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,251</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,185
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="42%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Provision for Loan
Losses</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s provision for loan losses is established through charges to operating
income in the form of the provision in order to bring the total allowance for
loan losses to a level deemed appropriate by management of the Company based on
such factors as historical loan loss experience, the volume and type of lending
conducted by the Company, the amount of nonperforming assets, regulatory
policies, generally accepted accounting principles, general economic
conditions, and other factors related to the collectability of loans in the
Company&#146;s portfolio as discussed under &#147;Allowance for Loan Losses&#148;.&#160; In the past two years, the Company has made
significant enhancements to the allowance for loan loss methodology to better
quantify the risk associated with these internal and external factors.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s provision for loan losses for 2003 was $1.1 million compared with
$1.3 million for 2002.&#160;&#160; The decrease in
the provision was due primarily to a decrease in total nonperforming loans of
$653,000, or 20.3%.&#160; Average loans
outstanding increased from $342.8 million for 2002 to $359.8 million for 2003,
an increase of $17.0 million, or 5.0%.&#160;
Total classified loans decreased from $9.9 million at December 31, 2002
to $9.0 million at December 31, 2003, a decrease of $900,000, or 9.1%.&#160; Management believes the Company has
maintained good asset quality as net charge-offs remain at manageable levels
totaling $861,000, or 0.24% of average loans in 2003 compared with $914,000, or
0.27% of average loans in 2002.&#160; The
Company&#146;s provision for loan losses decreased from $1.4 million in 2001 to $1.3
million in 2002 primarily due to a decrease in nonperforming assets.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Noninterest Income</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest
income is an important source of revenue for financial institutions. The
Company&#146;s primary sources of noninterest income are service charges on deposit
accounts and other banking service related fees.&#160; Noninterest income for the year ended December 31, 2003 was $4.9
million, a decrease of $119,000 or 2.4%, from $5.1 million for the year ended
December 31, 2002 and a decrease in 2002 of $1.1 million or 18.5%, from $6.2 </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">23</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">million for the year ended December 31, 2001.&#160; The 2003 decrease is primarily due to a decrease in securities
gains of $192,000, an impairment charge of $113,000 and a loss associated with
the AFT lease transaction, partially offset by an increase in gain on sale of
loans due to more consumer refinancing into the secondary market.&#160; The 2002 decrease is primarily due to a
nonrecurring gain of $3.0 million in 2001 in connection with the settlement of
the Guaranty Federal lawsuit.&#160; This gain
represents the amount received in January 2002 in connection with the November
2001 settlement and concurrent transfer of the Company&#146;s rights to certain
intangible assets.&#160;&#160; This income was
partially offset by a nonrecurring impairment charge during 2001 of $1.5
million associated with the AFT lease transaction.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
2000, Guaranty Leasing, acquired a 2.5% ownership interest in AFT for
approximately $2.8 million.&#160; The AFT
ownership interest is classified as an Other Asset on the Company&#146;s balance
sheet.&#160; As of December 31, 2003 and
2002, the book value of the AFT ownership was $1.4 million and $1.6 million,
respectively.&#160; During the fourth quarter
of 2001, on belief that the Company&#146;s investment in AFT was impaired by declines
in air travel and reduced demand for commercial aircraft, an impairment charge
of $1.5 million was recorded and the carrying amount of the investment was
reduced to $1.6 million.&#160; During the
third quarter of 2001, AFT recorded an impairment charge of $18.2 million
related to two airplanes.&#160; In addition,
management received indications the appraised value of AFT&#146;s fleet of airplanes
had declined approximately 9% from their value the past year.&#160; Based on these factors, the limited
marketability of the investment, the uncertainty surrounding the air transport
industry and general economic conditions, management believed that the value of
its investment in AFT was permanently impaired.&#160; During the second quarter of 2003, on belief that the Company&#146;s
investment in AFT had been further impaired, an impairment charge of $113,000
was recorded.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excluding
the gain on settlement of litigation and the impairment charge of the AFT,
recurring noninterest income for 2001 totaled $4.7 million.&#160; Excluding these items in 2001, and the
additional impairment charge of the AFT in 2003, noninterest income for 2003
reflects an increase of $54,000, or 1.1%, over 2002 and an increase of $409,000
or 8.7% over 2001.&#160; The year ended
December 31, 2003 reflected a decrease in service charge income of $88,000 or
3.0% over the same period in 2002 and an increase of $191,000 or 7.1% over the
same period in 2001.&#160; Securities gains
decreased $192,000, from $380,000 in 2002 to $188,000 in 2003.&#160; As to normal and recurring noninterest
income, the Company experienced a slight increase of 1.1% to $5.1 million for
the twelve months ended December 31, 2003 and a 7.6% increase to $5.1 million
for the same period in 2002.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents for the periods indicated the major categories of
noninterest income:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="32%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="32%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="32%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Service charges</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,869</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,957</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,678
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities gains, net</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">188</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">380</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">416
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fee income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">925</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">863</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">668
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fiduciary income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">178</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">163</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">136
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings from key-man life
  insurance</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">251</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">236</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">204
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">586</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">272</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">98
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">97</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">36
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of ORE</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">176
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Income (loss) from
  investment in AFT</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(60</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">140
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Impairment of investment in
  AFT</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(113</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,500</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on settlement of
  litigation</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,000
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other noninterest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">81</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">76</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">149
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  noninterest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,937</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,056</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,201
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="63%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">24</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Noninterest Expense</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the
years ended December 31, 2003, 2002 and 2001, noninterest expense totaled $15.8
million, $14.7 million and $13.5 million, respectively.&#160; The $1.1 million, or 7.8%, increase in 2003
was primarily the result of an increase in employee compensation and
benefits.&#160; This increase was due to an
increase in full time equivalent employees from 212 at December 31, 2002 to 226
at December 31, 2003, normal salary adjustments, increased employee benefits,
and payroll taxes.&#160; Legal and
professional fees increased $235,000 or 25.2% in 2003 primarily due to
litigation involving the lawsuit with the Internal Revenue Service.&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in total noninterest expense for 2002 compared with 2001 of $1.2
million, or 8.7%, was primarily the result of increases in employee
compensation and benefits.&#160; Employee
compensation and benefits increased from $7.6 million in 2001 to $8.7 million
in 2002, an increase of&#160; $1.1 million, or
14.7%.&#160; This increase was due to an
increase in full time equivalent employees from 199 at December 31, 2001 to 212
at December 31, 2002, an increase in normal salary adjustments, increased bonus
incentives, profit sharing contributions and payroll taxes.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s efficiency ratios, calculated by dividing total noninterest expense
(excluding securities gains and losses) by net interest income plus noninterest
income, was 71.75% in 2003, 68.79% in 2002, and 70.10% in 2001.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents for the periods indicated the major categories of
noninterest expense:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="31%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Years Ended December 31, </B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="31%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="31%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Employee compensation and
  benefits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,371</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8,711</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,592
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Non-staff expenses:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Occupancy
  expenses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,019</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,992</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,901
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Legal and
  professional fees</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,168</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">933</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">864
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Director
  and committee fees</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">560</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">534</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">412
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Advertising</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">284</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">310</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">278
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;ATM and
  debit card expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">363</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">317</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">279
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Office
  and computer supplies</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">301</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">265</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">429
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Postage</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">211</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">187</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">180
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Phone
  expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">252</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">194</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">188
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Other</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,308</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,249</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,396
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  non-staff expenses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,466</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,981</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,927
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  noninterest expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,837</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,519
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Income Taxes</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
income tax is reported as income tax expense and is influenced by the amount of
taxable income, the amount of tax-exempt income, the amount of non-deductible
interest expense and the amount of other non-deductible expense.&#160; The Company did not utilize tax benefits on
leveraged lease transactions in 2003.&#160;
The Company utilized tax benefits on leveraged lease transactions in the
amounts of $960,000 and $763,000 for 2002 and 2001, respectively.&#160;&#160; The effective tax rates for 2003, 2002 and
2001 were 28.11%, 24.37% and 31.39%, respectively.&#160; Income taxes for financial purposes in the consolidated
statements of earnings differ from the amount computed by applying the statutory
income tax rate of 34% to earnings before income taxes.&#160; The difference in the statutory rate is
primarily due to the tax benefits on the leveraged lease transactions and
non-taxable income. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">25</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
the State of Texas imposes a Texas franchise tax.&#160; Taxable income for the income tax component of the Texas
franchise tax is the federal pre-tax income, plus certain officers&#146; salaries,
less interest income from federal securities.&#160;
Total franchise tax expense was $38,000 in 2003, $41,000 in 2002 and
$50,000 in 2001.&#160; Such expense was
included as a part of other noninterest expense.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Impact of Inflation</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The effects
of inflation on the local economy and on the Company&#146;s operating results have
been relatively modest for the past several years. Since substantially all of
the Company&#146;s assets and liabilities are monetary in nature, such as cash,
securities, loans and deposits, their values are less sensitive to the effects
of inflation than to changing interest rates, which do not necessarily change
in accordance with inflation rates. The Company tries to control the impact of
interest rate fluctuations by managing the relationship between its interest
rate sensitive assets and liabilities.&#160;&#160;
See <B>&#147;Quantitative and Qualitative Disclosures About Market Risk&#148; </B>below.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Financial Condition</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Loan Portfolio
(including loans held for sale)</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
provides a broad range of commercial, real estate and consumer loan products to
small and medium-sized businesses and individuals in its market areas.&#160; The Company aggressively pursues qualified
lending customers in both the commercial and consumer sectors, providing
customers with direct access to lending personnel and prompt, professional
service.&#160; The 89.6% gross loan to
deposit ratio as of December 31, 2003, reflects the Company&#146;s commitment as an
active lender in the local communities it serves.&#160; Although the Company, as did the industry, experienced a large
amount of activity in refinancing of its loans into the secondary market, the
Company was able to book new loans to offset this run-off and ultimately showed
no change in loan balances for the year 2003.&#160;
Total loans were $365.5 million and $365.6 million at December 31, 2003
and 2002, respectively, reflecting no change.&#160;
In 2002, total loans increased by $34.3 million, or 10.4% to $365.6
million from $331.3 million at December 31, 2001.&#160; The 2002 growth in loans, and the ability to maintain that level
in 2003, is reflective of a stable local economy, an aggressive advertising
campaign, the Company&#146;s pro-lending reputation and the solicitation of new
companies and individuals entering the Company&#146;s market areas.&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes the loan portfolio (including loans held for sale)
of the Company by type of loan as of the dates indicated:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="84%" COLSPAN="29" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="84%" COLSPAN="29" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Percent</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Percent</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Percent</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Percent</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN"><B>Percent</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="84%" COLSPAN="29" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><FONT SIZE=1><B>)</B></FONT></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA" NOWRAP>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Commercial and&#160; industrial</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">55,285</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">15.13</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">58,661</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">16.05</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">66,641</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">20.12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">66,616</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">23.18</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">61,153</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">23.96</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Agriculture</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10,173</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.78</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,989</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8,589</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.59</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8,318</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.89</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,102</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.57</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Real estate:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Construction and land<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;development</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">22,020</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6.02</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">14,017</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,492</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,316</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.55</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,926</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.11</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;1-4
  family residential</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">136,717</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">37.40</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">139,156</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">38.06</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">124,480</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">37.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">102,442</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">35.65</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">83,777</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">32.83</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Loans
  held for sale</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,244</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">0.34</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">5,727</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1.57</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,634</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">0.49</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">172</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">0.06</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Farmland</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">20,267</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">5.54</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">14,765</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,794</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.96</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,716</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.69</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">7,976</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3.13</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Commercial</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">79,953</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">21.88</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">81,649</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">22.33</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">68,165</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">20.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">61,224</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">21.31</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">52,303</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">20.49</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Multi-family
  residential</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,291</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.55</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,289</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.54</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9,333</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.81</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,946</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1.72</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">6,239</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2.44</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM NOWRAP>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Consumer,
  net of unearned discounts</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">30,564</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8.36</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">32,362</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">8.85</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">33,126</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">28,585</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">9.95</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">26,733</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">10.47</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  loans</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">365,514</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">365,615</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">331,254</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">287,335</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">255,209</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary
lending focus of the Company is on loans to small and medium-sized businesses
and one-to- four family residential mortgage loans.&#160; The Company&#146;s commercial lending products include business loans,
</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">26</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">commercial real estate loans, equipment loans, working capital loans,
term loans, revolving lines of credit and letters of credit.&#160; Most commercial loans are collateralized and
on payment programs.&#160; The purpose of a
particular loan generally determines its structure.&#160; In almost all cases, the Company requires personal guarantees on
commercial loans to help assure repayment.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Commercial</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s commercial loans are primarily made within its market area and are
underwritten on the basis of the borrower&#146;s ability to service such debt from
income. As a general practice, the Company takes as collateral a lien on any
available real estate, equipment, or other assets owned by the borrower and
obtains a personal guaranty of the borrower.&#160;
In general, commercial loans involve more credit risk than
residential mortgage loans and commercial mortgage loans and, therefore,
usually yield a higher return.&#160; The
increased risk for commercial loans is due to the type of collateral securing
these loans.&#160; The increased risk also
derives from the expectation that commercial loans generally will be serviced
principally from the business&#146; operations, and those operations may not be
successful.&#160; As a result of these additional
complexities, variables and risks, commercial loans require more thorough
underwriting and servicing than other types of loans.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition
to commercial loans secured by real estate, the Company makes commercial
mortgage loans to finance the purchase of real property, which generally
consists of real estate with completed structures.&#160; Commercial mortgage lending typically involves higher loan principal
amounts and the repayment of loans is dependent, in large part, on sufficient
income from the properties securing the loans to cover operating expenses and
debt service.&#160; As a general practice,
the Company requires its commercial mortgage loans to be secured by
well-managed income producing property with adequate margins and to be
guaranteed by responsible parties.&#160; The
Company&#146;s commercial mortgage loans are generally secured by first liens on
real estate.&#160; Loans with fixed interest
rates typically amortize over a 10 to 15 year period with balloon payments due
at the end of one to five years.&#160; In
underwriting commercial mortgage loans, consideration is given to the
property&#146;s operating history, future operating projections, current and
projected occupancy, location and physical condition.&#160; The underwriting analysis also includes credit checks, appraisals
and a review of the financial condition of the borrower and guarantor.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Construction</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
makes loans to finance the construction of residential and, to a limited
extent, nonresidential properties. Construction loans generally are secured by
first liens on real estate. The Company conducts periodic inspections, either
directly or through an agent, prior to approval of periodic draws on these
loans.&#160; Construction loans involve
additional risks attributable to the fact that loan funds are advanced upon the
security of a project under construction, and the project is of uncertain value
prior to its completion. Because of uncertainties inherent in estimating
construction costs, the market value of the completed project and the effects
of governmental regulation on real property, it can be difficult to accurately
evaluate the total funds required to complete a project and the related loan to
value ratio. As a result of these uncertainties, construction lending often
involves the disbursement of substantial funds with repayment dependent, in
part, on the success of the ultimate project rather than the ability of a
borrower or guarantor to repay the loan. If the Company is forced to foreclose
on a project prior to completion, there is no assurance that it will be able to
recover the entire unpaid portion of the loan. In addition, the Company may be
required to fund additional amounts to complete a project and may have to hold
the property for an indeterminate period of time.&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>1-4 Family Residential</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
offers a variety of mortgage loan products.&#160;
The Company&#146;s loans collateralized by one-to-four family residential
real estate generally are originated in amounts of no more than 90% of the
lower of cost or appraised value.&#160; The
Company generally requires mortgage title insurance and hazard insurance in the
amount of the loan.&#160; Of the mortgages
originated, the Company generally retains mortgage loans with short terms or
variable rates and sells longer-term fixed-rate loans that do not meet the
Company&#146;s credit underwriting standards.&#160;
Prior to the acquisition of First American in September 1999, the
Company sold such loans to Texas Independent Bank Mortgage Company; however,
since the First American acquisition, the Company sells these loans directly
into the secondary market. </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">27</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of
December 31, 2003, the Company&#146;s one-to-four family residential real estate
loan portfolio (including loans held for sale) was $138.0 million.&#160; Of this amount, $46.3 million is repriceable
in one year or less and an additional $83.5 million is repriceable from one
year to five years.&#160; These high
percentages in short-term real estate loans are an effort by the Company to
reduce interest rate risk.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Consumer</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
provides a wide variety of consumer loans including motor vehicle, watercraft,
education loans, personal loans (collateralized and uncollateralized) and
deposit account collateralized loans.&#160;
The terms of these loans typically range from 12 to 60 months and vary
based upon the nature of collateral and size of loan.&#160; As of December 31, 2003, the Company had no indirect consumer
loans, indicating a preference to maintain personal banking relationships and
strict underwriting standards.&#160; Consumer
loans entail greater risk than do residential mortgage loans, particularly in
the case of consumer loans that are unsecured or secured by rapidly
depreciating assets such as automobiles. In such cases, any repossessed
collateral for a defaulted consumer loan may not provide an adequate source of
repayment for the outstanding loan balance. The remaining deficiency often does
not warrant further substantial collection efforts against the borrower beyond
obtaining a deficiency judgment. In addition, consumer loan collections are
dependent on the borrower&#146;s continuing financial stability, and thus are more
likely to be adversely affected by job loss, divorce, illness or personal
bankruptcy.&#160; Furthermore, the
application of various federal and state laws may limit the amount that can be
recovered on such loans.&#160; During the
last several years, management has placed tighter controls on consumer credit
due to record high personal bankruptcy filings nationwide. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Agriculture</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company provides agricultural loans for short-term crop production, including
cotton, milo and corn, farm equipment, cattle and agricultural real estate
financing. The Company evaluates agricultural borrowers primarily based on
their historical profitability, level of experience in their particular
agricultural industry, overall financial capacity and the availability of
secondary collateral to withstand economic and natural variations common to the
industry. Because agricultural loans present a higher level of risk associated
with events caused by nature, and the volatility of the world market prices on
commodities, the Company routinely makes on-site visits, inspections, and
utilizes government guaranteed programs in order to monitor, identify and
manage such risks.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company rarely makes loans at its legal lending limit.&#160; Lending officers are assigned various levels
of loan approval authority based upon their respective levels of experience and
expertise.&#160; All loans above $700,000 are
evaluated and acted upon by the Executive Committee, which meets weekly.&#160;&#160; All new and renewed loans greater than
$100,000 are reported monthly to the Board of Directors.&#160; All new and renewed loans of $400,000 or
less are reported weekly to the Executive Committee.&#160; The Company&#146;s strategy for approving or disapproving loans is to
follow conservative loan policies and underwriting practices which include: (i)
granting loans on a sound and collectible basis;&#160; (ii) investing funds properly for the benefit of shareholders and
the protection of depositors;&#160; (iii)
serving the legitimate needs of the community and the Company&#146;s general market
area while obtaining a balance between maximum yield and minimum risk;&#160; (iv) ensuring that primary and secondary
sources of repayment are adequate in relation to the amount of the loan; (v)
developing and maintaining adequate diversification of the loan portfolio as a
whole and of the loans within each category; and (vi) ensuring that each loan
is properly documented and, if appropriate, insurance coverage is
adequate.&#160; The Company&#146;s loan review and
compliance personnel interact daily with commercial and consumer lenders to
identify potential underwriting or technical exception variances.&#160; In addition, the Company has placed
increased emphasis on the early identification of problem loans to aggressively
seek resolution of the situations and thereby keep loan losses at a minimum. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">28</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
contractual maturity ranges of the commercial and industrial, agriculture,
commercial real estate, and construction and land development loan portfolios
and the amount of such loans with predetermined and floating interest rates in
each maturity range as of December 31, 2003, are summarized in the following
table:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December 31, 2003</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" COLSPAN="11" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>One&nbsp;Year<BR>
  or Less</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After One<BR>
  Through<BR>
  Five Years</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After<BR>
  Five Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commercial and industrial</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">34,109</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">19,027</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,149</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">55,285
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Agriculture</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,118</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,812</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">243</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,173
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Real estate-construction
  and land development</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17,502</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,617</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">901</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">22,020
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commercial real estate</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">19,003</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">38,819</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">22,131</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">79,953
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="43%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">77,732</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">64,275</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">25,424</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">167,431
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans with a predetermined
  interest rate</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">55,667</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">48,612</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,607</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">109,886
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans with a floating
  interest rate</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">22,065</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">15,663</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">19,817</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">57,545
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="43%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">77,732</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">64,275</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">25,424</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">167,431
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Nonperforming Assets</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
has several procedures in place to assist it in maintaining the overall quality
of its loan portfolio. The Company has established underwriting guidelines to
be followed by its officers and also monitors its delinquency levels for any
negative or adverse trends. There can be no assurance, however, that the
Company&#146;s loan portfolio will not become subject to increasing pressures from
deteriorating borrower credit due to general economic conditions.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonperforming
assets at December 31, 2003, decreased $1.0 million, or 23.6%, to $3.3 million
compared with $4.3 million at December 31, 2002.&#160; This decrease reflects a reduction in nonaccrual loans primarily
attributed to four lines totaling $986,000 of which three were liquidated and
one paid off during 2003.&#160; Other real
estate also decreased from $1.1 million as of December 31, 2002 to $743,000 as
of December 31, 2003.&#160; This decrease was
the result of the sale of three properties.&#160;
Continued aggressive collection efforts Company wide resulted in a
minimal increase to accruing loans 90 days or more past due.&#160; This resulted in ratios of nonperforming
assets to total loans plus other real estate of 0.90% and 1.18% for the years
ended December 31, 2003 and 2002, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
generally places a loan on nonaccrual status and ceases to accrue interest when
loan payment performance is deemed unsatisfactory.&#160; Loans where the interest payments jeopardize the collection of
principal are placed on nonaccrual status, unless the loan is both well secured
and in the process of collection. Cash payments received while a loan is
classified as nonaccrual are recorded as a reduction of principal as long as
doubt exists as to collection. If interest on nonaccrual loans had been
accrued, such income would have been approximately $214,000 and $310,000 for
2003 and 2002, respectively.&#160; The
Company is sometimes required to revise a loan&#146;s interest rate or repayment
terms in a troubled debt restructuring; however, the Company had no
restructured loans or additional nonperforming interest-earning assets at
December 31, 2003, 2002, 2001, 2000 or 1999.&#160;
In addition to regulatory examinations, the Company maintains an
internal loan review staff and retains IBS on a semi-annual basis to evaluate
the loan portfolio.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
maintains current appraisals on loans secured by real estate, particularly
those categorized as nonperforming loans and potential problem loans. In
instances where updated appraisals reflect reduced collateral values, an
evaluation of the borrower&#146;s overall financial condition is made to determine
the need, if any, for possible write-downs or appropriate additions to the
allowance for loan losses. The Company records other real estate at the lower
of its fair market value, minus estimated costs to sell the property, or the
recorded investment in the loan on the date of transfer.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">29</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents information regarding nonperforming assets at the
dates indicated:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="14" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1 FACE="TIMES NEW ROMAN">&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonaccrual loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,072</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,810</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,737</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,214</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">443</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Accruing loans past due 90
  days or more</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">489</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">404</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,912</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,488</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">574</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other real estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">743</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,111</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">562</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">274</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">79</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,304</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,325</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,211</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,976</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,096</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonperforming assets to
  total loans and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;other real estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.90</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.18</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.87</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.73</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.43</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company considers a loan to be impaired based on current information and
events, if it is probable that the Company will be unable to collect the
scheduled payments of principal or interest when due according to the
contractual terms of the loan agreement. The measurement of impaired loans is
based on the present value of expected future cash flows discounted at the
loan&#146;s effective interest rate or the loan&#146;s observable market price or based
on the fair value of the collateral if the loan is collateral-dependent. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Allowance for Loan
Losses</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
allowance for loan losses is a reserve established through charges to earnings
in the form of a provision for loan losses. Management has established an
allowance for loan losses, which it believes, is adequate to absorb estimated
losses in the Company&#146;s loan portfolio. Based on an evaluation of the loan
portfolio, management presents a quarterly review of the adequacy of the
allowance for loan losses to the Company&#146;s Board of Directors.&#160; In making its evaluation, management
considers the diversification by industry of the Company&#146;s commercial loan
portfolio, the effect of changes in the local real estate market on collateral
values, the results of recent regulatory examinations, the effects on the loan
portfolio of current economic indicators and their probable impact on
borrowers, the amount of charge-offs for the period, the amount of nonperforming
loans and related collateral security, the results of management&#146;s internal
loan review and the evaluation of its loan portfolio through a semi-annual
external loan review conducted by IBS.&#160;
Charge-offs occur when loans are deemed to be uncollectible.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
follows an internal loan review program to evaluate the credit risk in the loan
portfolio.&#160;&#160;&#160;&#160;&#160; Through the loan review
process, the Company maintains an internally classified loan list, which, along
with the delinquency list of loans, helps management assess the overall quality
of the loan portfolio and the adequacy of the allowance for loan losses.&#160; Loans internally classified as &#147;special
mention&#148; are those that contain a weakness that, if left unattended, could
develop into a problem affecting the ultimate collectibility of the loan. Loans
internally classified as &#147;substandard&#148; are those loans with clear and defined
weaknesses such as highly leveraged positions, unfavorable financial ratios,
uncertain repayment sources or poor financial condition, which may jeopardize
recoverability of the loan. Loans internally classified as &#147;doubtful&#148; are those
loans that have characteristics similar to substandard loans, but also have an
increased risk that a loss may occur or at least a portion of the loan may
require a charge-off if liquidated at present. Although loans classified as
substandard do not duplicate loans classified as doubtful, both substandard and
doubtful loans may include some loans that are past due at least 90 days, are
on nonaccrual status or have been restructured. Loans internally classified as
&#147;loss&#148; are those loans that are in the process of being charged off.&#160; At December 31, 2003, the Company had $9.0
million of internally classified loans compared with $9.9 million at December&nbsp;31,
2002, a decrease of $900,000, or 9.1%.&#160;
This decrease is primarily due to the improvement, workout, or
foreclosure of seventeen loan relationships totaling $3.0 million, partially
offset by the classification of fourteen new relationships, totaling $2.1
million.&#160; Specific reserves have been
established for these new lines based on their estimated exposure.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to
determine the adequacy of the allowance for loan losses, the Company
establishes both specific and general reserves.&#160; The Company establishes specific allocations for the majority of
problem loans based on the estimated exposure in each individual loan.&#160; The exposure is generally identified by
determining the present value of </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">30</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">estimated future cash flows or the fair value of collateral if
repayment is expected solely from the collateral.&#160; The Company establishes general reserves for non-problem loans
primarily based on its historical loan loss experience, the volume and type of
lending conducted by the Company, the amount of nonperforming assets,
regulatory policies, generally accepted accounting principles, general economic
conditions, and other factors related to the collectability of loans in the
Company&#146;s loan portfolios.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans are
charged-off against the allowance for loan losses when appropriate.&#160; Although management believes it uses the
best information available to make determinations with respect to the allowance
for loan losses, future adjustments may be necessary if economic conditions
differ from the assumptions used in making the initial determinations.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents, for the periods indicated, an analysis of the
allowance for loan losses and other related data:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Years
  Ended December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="14" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Average loans outstanding</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">359,829</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">342,823</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">302,656</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">267,996</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">213,737</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gross loans outstanding at
  end of period</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">365,514</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">365,615</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">331,254</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">287,335</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">255,209</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance for loan losses
  at beginning<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;of period</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,346</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,578</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,491</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,512</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,075</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,260</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,385</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">595</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">310</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance acquired with First
  American acquisition</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">846</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Charge-offs:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Commercial
  and industrial</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(592</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(279</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(462</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(360</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(64</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Real
  estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(38</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(375</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(162</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(146</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Consumer</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(293</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(418</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(211</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(172</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(267</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Recoveries:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Commercial
  and industrial</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">9</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">28</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">30</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">80</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">65</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Real
  estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">57</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">124</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">11</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">42</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Consumer</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">41</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">73</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">64</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">79</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">49</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net loan charge-offs</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(861</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(914</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(617</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(508</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(177</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance for loan losses
  at end of period</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,906</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,346</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,578</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,491</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Ratio of allowance to end
  of<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;period loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.07</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.01</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.98</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Ratio of net loan
  charge-offs to<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;average loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.24</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.27</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.20</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.19</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.08</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Ratio of allowance to end
  of period<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;nonperforming loans</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">152.52</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">114.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">59.23</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">54.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">244.94</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">31</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following tables describe the allocation of the allowance for loan losses among
various categories of loans and certain other information for the dates
indicated. The allocation is made for analytical purposes and is not
necessarily indicative of the categories in which future losses may occur. The
total allowance is available to absorb losses from any segment of loans.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="13" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="13" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="21%" COLSPAN="6" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" COLSPAN="6" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="21%" COLSPAN="6" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" COLSPAN="6" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percent of<BR>
  Loans to<BR>
  Total Loans</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percent of<BR>
  Loans to<BR>
  Total Loans</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="45%" COLSPAN="13" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance of allowance for
  loan losses applicable to:</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Commercial,
  industrial and agriculture</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,737</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17.91</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,892</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">18.78</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Real
  estate:</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction
  and land development</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.02</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-4
  family residential <SUP>(1)</SUP></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">131</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">37.74</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">138</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">39.63</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial
  mortgage</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">192</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">21.88</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">173</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">22.33</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Farmland</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.54</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.55</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.54</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Consumer</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">301</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.36</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">320</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.85</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Unallocated</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,545</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,169</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  allowance for loan losses</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,906</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,692</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="49%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>


<HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN">(1) The percentage of loans to total loans includes loans held for
sale.</FONT><BR><BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2000</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>1999</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="6" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percent of<BR>
  Loans to<BR>
  Total</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percent of<BR>
  Loans to<BR>
  Total Loans</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percent of<BR>
  Loans to<BR>
  Total Loans</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="64%" COLSPAN="20" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance of allowance for loan losses<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;applicable to:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commercial, industrial and
  agriculture</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,792</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">22.71</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,430</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">26.07</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,543</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">27.53</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Real estate:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Construction
  and land development</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.87</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.55</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.11</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;1-4
  family residential <SUP>(1)</SUP></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">117</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">38.07</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">139</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">35.71</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">110</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">32.83</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Commercial
  mortgage</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">138</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">20.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">193</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">21.31</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">176</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">20.49</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Farmland</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.96</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.69</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.13</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Multi-family</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.81</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.72</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.44</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consumer</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">333</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">289</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">9.95</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">262</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10.47</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Unallocated</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">966</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">527</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">400</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  allowance for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,346</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,578</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,491</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="32%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>


<HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN">(1) The percentage of loans to total loans includes loans held for
sale.</FONT><BR>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">32</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Securities
Available- for-Sale</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
uses its securities portfolio to ensure liquidity for cash requirements, to
manage interest rate risk, to provide a source of income, to ensure collateral
is available for municipal pledging requirements and to manage asset
quality.&#160; At December 31, 2003,
investment securities totaled $99.6 million, a decrease of $7.4 million from
$107.0 million at December 31, 2002.&#160;
The decrease was primarily attributable to $100.5 million in securities
sold and in principal repayments, partially offset by $95.9 million in
securities purchased.&#160; This decrease is
a result of the decrease in deposits and a need for liquidity.&#160; The December 31, 2003 net unrealized gain
was $704,000 compared to the December 31, 2002 net unrealized gain of $2.0
million.&#160;&#160;&#160; At December 31, 2003,
securities represented 19.3% of total assets compared to 20.7% of total assets
at December 31, 2002.&#160; The yield on the
securities portfolio for 2003 was 3.64% compared to a yield of 5.05% for 2002
and 6.27% for 2001.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
2003, the securities portfolio mix changed within various categories.&#160; U.S. Government securities decreased from
$14.1 million at December 31, 2002 to $7.2 million at December 31, 2003.&#160; During 2003, Company discontinued investing
in collateralized mortgage obligations (&#147;CMO&#146;s&#148;) and either sold or experienced
prepayments of the $25.3 million of CMO&#146;s in its portfolio as of December 31,
2002.&#160; The Company had an increase of
$24.1 million in mortgage-backed securities from $63.1 million at December 31,
2002 to $87.2 million at December 31, 2003.&#160;
The Company&#146;s investments in equity securities increased from $3.2
million at December 31, 2002 to $3.9 million at December 31, 2003, an increase
of $737,000 or 23.3%.&#160; Investments in
obligations of state and political subdivisions were at $1.3 million for
December 31, 2003 and 2002.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes the fair value of securities available for sale held
by the Company as of the dates shown: </FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="33%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="33%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="33%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">U.S. government agency
  securities</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,194</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">14,127</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,494
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mortgage-backed securities</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">87,248</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">63,148</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">33,952
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Collaterized mortgage
  obligations</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">25,280</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">34,390
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity securities</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,902</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,165</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,112
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Obligations of state and
  political subdivisions</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,270</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,272</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,767
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  securities</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">99,614</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">106,992</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">81,715
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">33</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes the contractual maturity of securities available for
sale based on fair value and their weighted average yields as of December 31,
2003:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="29" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December
  31, 2003</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="29" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Within<BR>
  One Year</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After One<BR>
  Year&nbsp;but&nbsp;Within<BR>
  Five Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After Five<BR>
  Years&nbsp;but&nbsp;Within<BR>
  Ten Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After Ten
  Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Yield</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Yield</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Yield</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Yield</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Yield</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="80%" COLSPAN="29" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">U.S. Government<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,047</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.70</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,147</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.48</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,194</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.40</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mortgage-backed<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">53</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.39</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">887</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.09</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">39,784</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.93</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">46,524</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.31</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">87,248</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.15</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,902</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.96</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,902</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.96</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">State and municipal<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.25</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">439</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.42</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">717</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.02</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">24</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.75</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,270</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.78</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Totals</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,190</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.57</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,473</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.90</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">40,501</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.95</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">50,450</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.12</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">99,614</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.09</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="16%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company classifies debt and equity securities at the date of purchase into one
of two categories: held-to-maturity or available-for-sale. At each reporting
date, the appropriateness of the classification is reassessed. Investments in
debt securities are classified as held-to-maturity and measured at amortized
cost in the financial statements only if management has the positive intent and
ability to hold those securities to maturity.&#160;&#160;
Investments not classified as held-to-maturity are classified as
available-for-sale and measured at fair value in the financial statements with
unrealized gains and losses reported, net of tax, in a separate component of
shareholders&#146; equity until realized.&#160;
The Company had no securities classified as held to maturity at December
31, 2003, 2002 or 2001.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed
securities and CMO&#146;s are securities, which have been developed by pooling a
number of real estate mortgages and are principally issued by or guaranteed by
federal agencies such as the Federal National Mortgage Association and the
Federal Home Loan Mortgage Corporation. These securities are deemed to have
high credit ratings and regular monthly cash flows of principal and interest,
which are guaranteed by the issuing agencies. All the Company&#146;s mortgage-backed
securities at December 31, 2003 were agency-issued collateral obligations.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December
31, 2003, 53.3% of the mortgage-backed securities held by the Company had final
maturities of more than 10 years.&#160;
However, unlike U.S. Treasury and U.S. Government agency securities,
which have a lump sum payment at maturity, mortgage-backed securities provide
cash flows from regular principal and interest payments and principal
prepayments throughout the lives of the securities.&#160; Therefore, the average life, or the average amount of time until
the Company receives the total amount invested, of the mortgage-backed security
will be shorter than the contractual maturity.&#160;
The Company estimates the remaining average life of the fixed-rate
mortgage-backed security portfolio to be less than three years.&#160;&#160; These securities, when purchased at a
premium, will generally suffer decreasing net yields as interest rates drop
because homeowners tend to refinance their mortgages.&#160; Thus, the premium paid must be amortized over a shorter
period.&#160; Therefore, securities when
purchased at a discount will obtain higher net yields in a decreasing interest
rate environment.&#160; As interest rates
rise, the opposite will generally be true.&#160;
During a period of increasing interest rates, fixed rate mortgage-backed
securities do not tend to experience heavy prepayments of principal and
consequently, the average lives of these securities will not be unduly
shortened. </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">34</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Premises and Equipment</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premises
and equipment totaled $13.2 million at December 31, 2003 and $13.6 million at
December 31, 2002.&#160; The net change
reflects a decrease of $382,000, or 2.8% in fixed assets.&#160; The decrease is primarily due to
depreciation recorded for the year partially offset by the purchase of
furniture and computer hardware for the Company.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Other Assets</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
owns single premium insurance policies insuring the lives of certain key senior
officers.&#160; The net cash surrender value
of these polices totaled $6.2 million at December 31, 2003 and $5.9 million at
December 31, 2002.&#160;&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Deposits</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
offers a variety of deposit accounts having a wide range of interest rates and
terms. The Company&#146;s deposit accounts consist of demand, savings, money market
and time accounts. The Company relies primarily on competitive pricing policies
and customer service to attract and retain these deposits. The Company does not
have or accept any brokered deposits.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
deposits decreased to $407.8 million at December 31, 2003, from $425.0 million
at December 31, 2002, a decrease of $17.1 million, or 4.0%. Noninterest-bearing
deposits increased from $68.5 million at December 31, 2002, to $72.2 million at
December 31, 2003, an increase of $3.7 million, or 5.4%.&#160; Certificates of deposit decreased from
$241.3 million at December 31, 2002, to $215.9 million at December 31, 2003, a
decrease of $25.4 million, or 10.5%.&#160;
Other interest-bearing deposits increased from $115.1 million at
December 31, 2002, to $119.7 million at December 31, 2003, an increase of 4.6
million, or 4.0%. The decrease in deposits is primarily due to the outflow of
certificates of deposits into other investment options.&#160; All of the Company&#146;s markets showed
decreases except for the Deport location, which increased certificates of
deposits by $2.0 million.&#160; The Company&#146;s
ratio of average noninterest-bearing demand deposits to average total deposits
for years ended December 31, 2003, 2002, and 2001, were 16.3%, 15.7%, and 15.0%,
respectively. </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">35</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The daily
average balances and weighted-average rates paid on deposits for each of the
years ended December 31, 2003, 2002 and 2001 are presented below:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="17" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="17" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="49%" COLSPAN="17" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Rate</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Rate</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Regular savings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">14,781</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.69</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">11,774</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.44</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,084</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.97</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">NOW accounts</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">43,781</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.71</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">35,740</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">33,992</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.09</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Money market checking</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">62,877</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.84</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">61,150</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">60,524</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.96</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Time deposits less than
  $100,000</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">130,770</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.64</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">132,800</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.53</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">125,236</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.62</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Time deposits $100,000 and
  over</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">102,206</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.79</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">98,396</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.70</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">88,603</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.75</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-bearing deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">354,415</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.04</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">339,860</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.89</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">318,439</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.66</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest-bearing
  deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">68,868</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">63,265</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">56,127</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">423,283</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.71</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">403,125</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.44</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">374,566</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.96</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the amount of the Company&#146;s certificates of deposits
at December 31, 2003 by time remaining until maturity:</FONT></P>



<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="50%">
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="4" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December 31, 2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="4" VALIGN=TOP NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">3 months or less</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">51,849</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Over 3 months through 6
  months</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">38,422</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Over 6 months through 1
  year</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">80,193</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Over 1 year</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">45,446</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">215,910</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>




<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Other Borrowings</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
Home Loan Bank (&#147;FHLB&#148;) advances may be utilized from time to time as either a
short-term funding source or a longer-term funding source.&#160; FHLB advances can be particularly attractive
as a longer-term funding source to balance interest rate sensitivity and reduce
interest rate risk.&#160; The Company is
eligible for two borrowing programs through the FHLB.&#160; The first, called &#147;Short Term Fixed,&#148; requires delivery of
eligible securities for collateral.&#160;
Maturities under this program range from 1-35 days.&#160; The Company does not currently have any
borrowings under this program.&#160; As of
December 31, 2003, the Company does not have any of its investment securities
in safekeeping at the FHLB.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The second
borrowing program, the &#147;Blanket Borrowing Program,&#148; is under a borrowing
agreement which does not require the delivery of specific collateral.&#160; Borrowings are limited by the level of
qualified pledgable real estate loans held and FHLB stock owned.&#160; At December 31, 2003, the Company had
approximately $50.4 million borrowed of a potential $106.7 million available
under this program, leaving approximately $56.3 million in available
borrowings.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March
23, 2000, the Company, in a private placement, issued $7.0 million (7,000
shares with a liquidation amount of $1,000 per security) of 10.875% Fixed Rate
Capital Trust Pass-through Securities (&#147;TruPS&#148;) through a newly formed,
wholly-owned subsidiary, Guaranty (TX) Capital Trust I (the &#147;Trust I&#148;).&#160; The Trust I invested the total proceeds from
the sale of the TruPS in 10.875% Junior Subordinated Deferrable Interest
Debentures (the &#147;Debentures I&#148;) issued by the Company.&#160; The net proceeds from the sale of the
Debentures I were used to repurchase shares of the Company&#146;s stock, provide a
$1.5&nbsp;million additional capital contribution to Guaranty Bond Bank and provide
for additional working capital to support growth.&#160; </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">36</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>With certain exceptions, the amount of the
principal and any accrued and unpaid interest on the Debentures I are
subordinated in right of payment to the prior payment in full of all senior
indebtedness of the Company.&#160; The terms
of the Debentures I are such that they qualify as Tier I capital under the
Federal Reserve Board&#146;s regulatory capital guidelines applicable to bank
holding companies.&#160; Interest on the
Debentures I is payable semi-annually on March 8 and September 8 of each
year.&#160; The interest is deferrable on a
cumulative basis for up to five consecutive years following a suspension of
dividend payments on all other capital stock.&#160;
No principal payments are due until maturity on March 8, 2030.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
any March 8 or September 8 on or after March 8, 2010 and prior to maturity, the
Debentures I are redeemable for cash at the option of the Company, on at least
30 but not more than 60 days notice, in whole or in part, at the redemption
prices set forth in the table below, plus accrued interest to the date of
redemption:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>If Redeemed During<BR>
  12 Months Beginning<BR>
  March 8,</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percentage of<BR>
  Principal<BR>
  Amount</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>If Redeemed During<BR>
  12 Months Beginning<BR>
  March 8,</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Percentage of<BR>
  Principal<BR>
  Amount</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2010</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">105.44%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2016</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">102.18%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2011</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">104.89%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2017</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">101.63%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2012</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">104.35%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2018</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">101.09%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2013</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">103.81%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2019</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.54%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2014</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">103.26%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2020
  and after</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">100.00%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">2015</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">102.72%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Upon the occurrence of certain special
events, the Company will have the right to call the securities at par at any
time with the permission of the Federal Reserve.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October
30, 2002, the Company, in a private placement, issued an additional $3.0
million (3,000 shares with a liquidation amount of $1,000 per security) of
Capital Trust Pass-through Securities (&#147;TruPS II&#148;) through a newly formed,
wholly-owned subsidiary, Guaranty (TX) Capital Trust II (the &#147;Trust II&#148;).&#160; The Trust II invested the total proceeds
from the sale of the TruPS II in Junior Subordinated Deferrable Interest
Debentures (the &#147;Debentures II&#148;) issued by the Company.&#160; The Debentures II bear a fixed rate of
interest of 7.94% for 10 years; thereafter, until the maturity, the interest
rate will float at 3.35% above the 3 month LIBOR.&#160; The net proceeds from the sale of the Debentures II are being
used to repurchase shares of the Company&#146;s stock and provide for additional
working capital to support growth.&#160; </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
certain exceptions, the amount of the principal and any accrued and unpaid
interest on the Debentures II are subordinated in right of payment to the prior
payment in full of all senior indebtedness of the Company.&#160; The terms of the Debentures II are such that
they qualify as Tier 1 capital under the Federal Reserve Board&#146;s regulatory
capital guidelines applicable to bank holding companies.&#160; Interest on the Debenture II is payable
quarterly on January 30, April 30, July 30, and October 30 of each year at a
fixed rate per annum equal to 7.94% until October 2012 and a variable rate per
annum, reset quarterly, equal to LIBOR plus 3.35%, thereafter.&#160; The interest is deferrable on a cumulative
basis for up to five consecutive years following a suspension of dividend
payments on all other capital stock.&#160; No
principal payments are due until maturity on October 30, 2032.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On any
interest payment date on or after October 30, 2012 and prior to maturity date,
the Debentures II are redeemable for cash at the option of the Company, on at
least 30 but not more than 60 days notice, in whole or in part, at a redemption
price equal to 100% of the principal amount to be redeemed, plus accrued
interest to the date of redemption.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to FIN
No. 46, <I>Consolidation of Variable Interest
Entities</I> (see <I>Recent Accounting
Pronouncements</I>), the Company will no longer consolidate Trust I and
Trust II in its financial statements as of January 1, 2004.&#160; As a result, the Company&#146;s balance sheet
will include $10.3 million of subordinated debt, which is currently included on
the balance sheet as $10.0 million in long-term debt after a consolidation
elimination of $310,000.&#160; The overall
impact of this deconsolidation is not expected to be material to the Company&#146;s
consolidated financial statements.&#160; In
July 2003, the Federal Reserve issued a supervisory letter instructing bank
holding companies to include the long-term debt in Tier I capital for
regulatory purposes, subject to specified limits, until notice is given to the
contrary.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">37</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">At this time, it is not possible to estimate the effect, if any, on the
Company&#146;s Tier I regulatory capital as a result of any future action taken by
the Federal Reserve. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the balance of contractual obligations by maturity
period as of December 31, 2003 (in thousands):</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="61%" COLSPAN="22" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Payments due by period</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="61%" COLSPAN="22" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="4" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Within<BR>
  One Year</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After&nbsp;One&nbsp;but<BR>
  Within<BR>
  Three Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After&nbsp;Three&nbsp;but<BR>Within<BR>
  Five Years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="4" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>After<BR>
  Five Years</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="9%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="10%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Long-term debt</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Federal Home Loan Bank Advances</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,364</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">29,034</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">14,609</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">410</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">50,417
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,364</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">29,034</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">14,609</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,410</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">60,417
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="36%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Capital Resources and Liquidity </I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital
management consists of providing equity to support both current and future
operations. The Company is subject to capital adequacy requirements imposed by
the Federal Reserve and the Bank is subject to capital adequacy requirements
imposed by the FDIC and the TDB.&#160; Both
the Federal Reserve and the FDIC have adopted risk-based capital requirements
for assessing bank holding company and bank capital adequacy. These standards
define capital and establish minimum capital requirements in relation to assets
and off-balance sheet exposure, adjusted for credit risk. The risk-based
capital standards currently in effect are designed to make regulatory capital
requirements more sensitive to differences in risk profiles among bank holding
companies and banks, to account for off-balance sheet exposure and to minimize
disincentives for holding liquid assets. Assets and off-balance sheet items are
assigned to broad risk categories, each with appropriate relative risk weights.
The resulting capital ratios represent capital as a percentage of total
risk-weighted assets and off-balance sheet items.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
risk-based capital standards issued by the Federal Reserve require all bank
holding companies to have &#147;Tier 1 capital&#148; of at least 4.0% and &#147;total
risk-based&#148; capital (Tier 1 and Tier 2) of at least 8.0% of total risk-adjusted
assets. &#147;Tier 1 capital&#148; generally includes common shareholders&#146; equity and
qualifying perpetual preferred stock together with related surpluses and
retained earnings, less deductions for goodwill and various other intangibles.
&#147;Tier 2 capital&#148; may consist of a limited amount of intermediate-term preferred
stock, a limited amount of term subordinated debt, certain hybrid capital
instruments and other debt securities, perpetual preferred stock not qualifying
as Tier 1 capital, and a limited amount of the general valuation allowance for
loan losses. The sum of Tier 1 capital and Tier 2 capital is &#147;total risk-based
capital&#148;.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Federal
Reserve has also adopted guidelines which supplement the risk-based capital
guidelines with a minimum ratio of Tier 1 capital to average total consolidated
assets (&#147;leverage ratio&#148;) of 3.0% for certain institutions with well
diversified risk, including no undue interest rate exposure; excellent asset
quality; high liquidity; good earnings; and that are generally considered to be
strong banking organizations, rated composite 1 under applicable federal
guidelines, and that are not experiencing or anticipating significant growth.
Other banking organizations are required to maintain a leverage ratio of at
least 4.0% to 5.0%. These rules further provide that banking organizations
experiencing internal growth or making acquisitions will be expected to
maintain capital positions substantially above the minimum supervisory levels and
comparable to peer group averages, without significant reliance on intangible
assets.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to
FDICIA, each federal banking agency revised its risk-based capital standards to
ensure that those standards take adequate account of interest rate risk,
concentration of credit risk and the risks of nontraditional activities, as
well as reflect the actual performance and expected risk of loss on multifamily
mortgages. The Bank is subject to capital adequacy guidelines of the FDIC that
are substantially similar to the Federal Reserve&#146;s guidelines. Also pursuant to
FDICIA, the FDIC has promulgated regulations setting the levels at which an
insured institution such as the Bank would be considered &#147;well capitalized,&#148;
&#147;adequately capitalized,&#148; &#147;undercapitalized,&#148; &#147;significantly undercapitalized&#148;
and &#147;critically undercapitalized.&#148; The Bank is classified &#147;well capitalized&#148;
for purposes of the FDIC&#146;s prompt corrective action regulations. <B>See
&#147;Supervision and Regulation <SUP>__</SUP> The Company&#148; and &#147; <SUP>__ </SUP>The
Bank&#148;</B>.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">38</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders&#146;
equity increased to $36.4 million at December 31, 2003, from $34.6 million at
December 31, 2002, an increase of $1.8 million, or 5.2%.&#160; This increase was primarily the result of
net earnings of $3.8 million, offset by the payment of common stock dividends
of $1.1 million, the net decrease in unrealized gain on available-for-sale
securities of $874,000 and the purchase of treasury stock of $161,000.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides a comparison of the Company&#146;s and the Bank&#146;s leverage
and risk-weighted capital ratios as of December 31, 2003 to the minimum and
well-capitalized regulatory standards:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Minimum&nbsp;Required</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>To Be Well Capitalized Under<BR>
  Prompt Corrective Action Provisions</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Actual Ratio at<BR>
  December 31, 2003</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="16%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>The Company</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Leverage
  ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%<SUP>(1)</SUP></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">N/A</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.32</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Tier 1
  risk-based capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">N/A</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12.10</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Risk-based
  capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">N/A</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">13.18</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>The Bank</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Leverage
  ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%<SUP>(2)</SUP></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.00</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.05</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Tier 1
  risk-based capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.00</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">11.72</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Risk-based
  capital ratio</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">8.00</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10.00</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12.81</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<BR>
<HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>
<FONT SIZE=2 FACE="TIMES NEW ROMAN"><SUP>(1)</SUP> The Federal
Reserve may require the Company to maintain a leverage ratio above the required
minimum.<BR><SUP>(2)</SUP> The FDIC may require the Bank to maintain a
leverage ratio above the required minimum.</FONT><BR>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December
31, 2003, the Company&#146;s capital ratios exceeded the minimums required by
regulatory guidelines.&#160; The Company
intends to maintain an optimal capital and leverage mix. Liquidity involves the
Company&#146;s ability to raise funds to support asset growth or reduce assets to
meet deposit withdrawals and other payment obligations, to maintain reserve
requirements and otherwise to operate the Company on an ongoing basis. The
Company&#146;s liquidity needs are met primarily by financing activities, which
consists mainly of growth in core deposits, supplemented by investment
securities and earnings through operating activities.&#160; Access to purchased funds from correspondent banks is available
and has been utilized on occasion to take advantage of investment
opportunities.&#160;&#160; The cash and federal
funds sold position, supplemented by amortizing investments along with payments
and maturities within the loan portfolio, have historically created an adequate
liquidity position. </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s liquidity management objective is to meet maturing debt obligations,
fund loan commitments and deposit withdrawals, and manage operations on a cost
effective basis.&#160; Management believes
that sufficient resources are available to meet the Company&#146;s liquidity
objective through its debt maturity structure, holdings of liquid assets, and
access to the capital markets through a variety of funding vehicles.&#160; Proper liquidity management is crucial to
ensure that the Company is able to take advantage of new business opportunities
as well as meet the demands of its customers.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Bank&#146;s
traditional funding sources consist primarily of core deposits, established
federal funds and other borrowing lines with major banks, proceeds from matured
investments, contracts to repurchase investment securities and principal and
interest repayments on loans.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
is not aware of any events that are reasonably likely to have a material adverse
effect on the Company&#146;s liquidity, capital resources or operations. In
addition, management is not aware of any regulatory recommendations regarding
liquidity, which if implemented, would have a material adverse effect on the
Company.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Off Balance Sheet
Items</I></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
enters into contractual commitments to extend credit, normally with fixed
expiration dates or termination clauses, at specified rates and for specific
purposes.&#160; Customers use credit
commitments to ensure that funds will be available for working capital
purposes, for capital expenditures and to ensure access to funds at specified
terms and conditions.&#160; Substantially all
of the Company&#146;s commitments to extend credit are contingent</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">39</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">upon customers maintaining specific credit standards at the time of
loan funding.&#160; Management assesses the
credit risk associated with certain commitments to extend credit in determining
the level of the allowance for loan losses.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Letters of
credit are conditional commitments issued by the Company to guarantee the
performance of a customer to a third party.&#160;
The Company&#146;s policies generally require that letters of credit
arrangements contain security and debt covenants similar to those contained in
loan agreements.&#160; In the event the customer
does not perform in accordance with the terms of the agreement with the third
party, the Company would be required to fund the commitment.&#160; The maximum potential amount of future
payments the Company could be required to make is represented by the contractual
amount shown in the table below.&#160; If the
commitment were funded, the Company would be entitled to seek recovery from the
customer.&#160; As of December 31, 2003 and
December 31, 2002, no amounts have been recorded as liabilities for the Bank&#146;s
potential obligations under these guarantees.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outstanding
commitments and letters of credit are approximately as follows:</FONT></P>



<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="50%">
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Contract or<BR>
  Notional Amount</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="36%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars&nbsp;in&nbsp;thousand</B><B>)</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commitments to extend
  credit</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">23,878</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">27,838
  </FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Letters of credit</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,491</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="12%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,140
  </FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>




<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Industry Segments</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
principal business of the Company is overseeing the business of the Bank.&#160; The Company has no significant assets other
than its investment in the Bank; therefore, the banking operation is the
Company&#146;s only reportable segment.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Recent Accounting
Pronouncements</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April
2003, the Financial Accounting Standards Board (FASB) issued <I>Statement of Financial Accounting Standard (SFAS) No.
149, &#147;Amendment of Statement 133 on Derivative Instruments and Hedging
Activities&#148;</I> (SFAS 149). SFAS 149 amends and clarifies accounting for
derivative instruments and hedging activities under Statement 133. In addition,
this Statement clarifies under what circumstances a contract with an initial
net investment meets the characteristic of a derivative and when a derivative
contains a financing component that warrants special reporting in the statement
of cash flows. This statement is effective for contracts entered into or
modified after June 30, 2003. The Company&#146;s adoption of this statement did not
have a material impact on the Company&#146;s consolidated financial statements. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May
2003, the FASB issued <I>SFAS No. 150,
Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equity (SFAS 150)</I>. SFAS 150 established standards
for how an issuer classifies and measures certain financial instruments with
characteristics of both liabilities and equity. It requires that an issuer
classify a financial instrument that is within its scope as a liability (or
asset in some circumstances). The Company adopted SFAS 150 on July 1, 2003 and
such adoption did not have a material effect on its financial position or
results of operations.&#160;&#160; The effective
date of SFAS 150 has been indefinitely deferred by the FASB for certain
mandatory redeemable instruments when certain criteria are met. The Company has
no instruments subject to these provisions.&#160;&#160;
</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIN No. 46,
<I>Consolidation of Variable Interest Entities</I>,
an interpretation of Accounting Research Bulletin No. 51, establishes
accounting guidance for consolidation of variable interest entities (VIE) that
function to support the activities of the primary beneficiary. Prior to the
implementation of FIN 46, VIEs were generally consolidated by an enterprise
when the enterprise had a controlling financial interest through ownership of a
majority of voting interest in the entity. The provisions of FIN 46 were
effective immediately for all arrangements entered into after January 31,
2003.&#160; In December 2003, the FASB issued
a revision to FIN 46&#160; (FIN 46R) which
clarified certain implementation issues and revised implementation dates for
VIE&#146;s created before January 31, 2003.&#160;
Under the new guidance, special effective date provisions apply to
enterprises that have fully or partially applied FIN 46 prior to </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">40</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">issuance of the revised Interpretation. Otherwise, application of FIN
46R (or FIN 46) is required in financial statements of public entities that
have interests in special-purpose entities for periods ending after December
15, 2003. Application by public entities, other than small business issuers,
for all other types of VIEs is required in financial statements for periods
ending after March 15, 2004. The Company has concluded that deconsolidation of
the trusts created upon the issuance of the trust preferred securities is
necessary by March 31, 2004.&#160; In July
2003, the Federal Reserve issued a supervisory letter instructing bank holding
companies to include the trust preferred securities in Tier I capital for
regulatory purposes until notice is given to the contrary.&#160; There can be no assurance that the Federal
Reserve will continue to permit institutions to include trust preferred securities
in Tier 1 capital for regulatory capital purposes.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Emerging Issues Task Force (EITF) recently reached a consensus on Issue No.
03-1, <I>&#147;The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments,&#148;</I> which is
effective for fiscal years ending after December 15, 2003.&#160; EITF 03-1 requires additional disclosures
related to unrealized losses that are temporary.&#160; Investments classified as held to maturity and available for sale
with unrealized losses that are temporary must be separated into (i) losses
that have existed for less than 12 months and (ii) losses that have existed for
more than 12 months.&#160; The Company has
adopted the disclosure requirements as of December 31, 2003.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item 7A.&#160; <I><A NAME=A010></A>Quantitative and Qualitative Disclosures About Market
Risk.</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s Asset Liability and Funds Management Policy provides management with
the necessary guidelines for effective funds management, and the Company has
established a measurement system for monitoring its net interest rate
sensitivity position. The Company manages its sensitivity position within
established guidelines.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
rate risk is managed by the Asset Liability Committee (&#147;ALCO&#148;), which is
composed of senior officers of the Company, in accordance with policies
approved by the Company&#146;s Board of Directors.&#160;
The ALCO formulates strategies based on appropriate levels in interest
rate risk.&#160; In determining the
appropriate level of interest rate risk, the ALCO considers the impact on
earnings and capital based on the current outlook on interest rates, potential
changes in interest rates, regional economies, liquidity, business strategies,
and other factors.&#160; The ALCO meets
regularly to review, among other things, the sensitivity of assets and
liabilities to interest rate changes, the book and market values of assets and
liabilities, unrealized gains and losses, purchase and sale activity,
commitments to originate loans, and the maturities of investments and
borrowings.&#160; Additionally, the ALCO
reviews liquidity, cash flow flexibility, maturities of deposits and consumer
and commercial deposit activity.&#160;
Management uses two methodologies to manage interest rate risk:&#160; (i) an analysis of relationships between
interest-earning assets and interest-bearing liabilities; and (ii) interest rate
shock simulation models.&#160; The Company
has traditionally managed its business to reduce its overall exposure to
changes in interest rates, however, under current policies of the Company&#146;s
Board of Directors, management has been given some latitude to increase the
Company&#146;s interest rate sensitivity position within certain limits if, in
management&#146;s judgment, it will enhance profitability.&#160; As a result, changes in market interest rates may have a greater
impact on the Company&#146;s financial performance in the future than they have had
historically.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
effectively measure and manage interest rate risk, the Company uses interest
rate shock simulation models to determine the impact on net interest income
under various interest rate scenarios, balance sheet trends and
strategies.&#160; From these simulations,
interest rate risk is quantified and appropriate strategies are developed and
implemented.&#160;&#160;&#160; Additionally, duration
and market value sensitivity measures are utilized when they provide added
value to the overall interest rate risk management process.&#160; The overall interest rate risk position and
strategies are reviewed by the Company&#146;s Board of Directors on an ongoing
basis.&#160; The Company manages its exposure
to interest rates by structuring its balance sheet in the ordinary course of
business.&#160; The Company does not
currently enter into instruments such as leveraged derivatives, structured
notes, interest rate swaps, caps, floors, financial options, financial futures contracts
or forward delivery contracts for the purpose of reducing interest rate risk.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">41</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The impact
on future net earnings based on interest sensitive assets and liabilities held
at December 31, 2003 using the interest rate shock simulation is as follows: </FONT></P>



<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="40%">
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Change in<BR>
  Interest Rates</B></FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net<BR>
  Earnings</B></FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="27%" COLSPAN="4" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Change in<BR>
  Net Earnings</B></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="27%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 NOSHADE COLOR=BLACK></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" COLSPAN="9" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousand)</B></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">+
  300</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,936</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">496
  </FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">+200</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,933</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">493
  </FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">+100</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,746</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">306
  </FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Base</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,440</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">-
  100</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,595</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(845</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">-
  200</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,404</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2,036</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="31%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">-
  300</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="15%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,008</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="13%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3,432</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>




<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
interest rate sensitive asset or liability is one that, within a defined time
period, either matures or experiences an interest rate change in line with
general market interest rates. The management of interest rate risk is
performed by analyzing the maturity and repricing relationships between
interest-earning assets and interest-bearing liabilities at specific points in
time (&#147;GAP&#148;) and by analyzing the effects of interest rate changes on net
interest income over specific periods of time by projecting the performance of
the mix of assets and liabilities in varied interest rate environments.
Interest rate sensitivity reflects the potential effect on net interest income
of a movement in interest rates. A company is considered to be asset sensitive,
or having a positive GAP, when the amount of its interest-earning assets
maturing or repricing within a given period exceeds the amount of its
interest-bearing liabilities also maturing or repricing within that time
period. Conversely, a company is considered to be liability sensitive, or
having a negative GAP, when the amount of its interest-bearing liabilities
maturing or repricing within a given period exceeds the amount of its
interest-earning assets also maturing or repricing within that time period. During
a period of rising interest rates, a negative GAP would tend to affect net
interest income adversely, while a positive GAP would tend to result in an
increase in net interest income. During a period of falling interest rates, a
negative GAP would tend to result in an increase in net interest income, while
a positive GAP would tend to affect net interest income adversely.&#160; However, it is management&#146;s intent to
achieve a proper balance so that incorrect rate forecasts should not have a
significant impact on earnings.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">42</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth an interest rate sensitivity analysis for the
Company at December 31, 2003:</FONT></P>


<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="71%" COLSPAN="22" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Volumes Subject to Repricing Within</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="71%" COLSPAN="22" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>0-30<BR>
  days</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>31-180<BR>
  days</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>181-365<BR>
  days</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>1-3<BR>
  years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>3-5<BR>
  years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Greater than<BR>
  5 years</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Total</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="11%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="71%" COLSPAN="22" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest-earning assets:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest-bearing time
  deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,178</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">598</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,776
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Securities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,011</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12,824</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12,662</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">49,535</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17,322</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,260</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">99,614
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Loans</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">71,397</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">89,299</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">73,219</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">127,282</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">111</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,206</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">365,514
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal
  funds sold</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-earning assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">73,408</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">108,301</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">86,479</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">176,817</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17,433</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">9,466</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">471,904
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest-bearing
  liabilities:</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;NOW,
  money market and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;savings deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">119,735</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">119,735
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Certificates
  of deposit and<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other time deposits</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">19,876</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">69,842</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">80,404</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">28,328</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17,336</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">124</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">215,910
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal
  funds purchased</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,295</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,295
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;FHLB
  advances</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">17</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,585</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,602</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">28,400</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">14,403</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,410</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">50,417
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Long-term
  debt</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  interest-bearing<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liabilities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">146,923</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">72,427</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">84,006</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">56,728</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">31,739</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">11,534</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">403,357
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Period GAP</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(73,515</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">35,874</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,473</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">120,089</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(14,306</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2,068</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">68,547
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cumulative GAP</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(73,515</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(37,641</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(35,168</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">84,921</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">70,615</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">68,547</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Period GAP to total assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(14.22</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6.94</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.48</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">23.22</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(2.77</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(0.40</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cumulative GAP to total
  assets</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(14.22</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(7.28</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(6.80</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">16.42</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">13.66</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">13.26</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="25%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cumulative interest-earning
  assets<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;to cumulative interest-bearing<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;liabilities</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">49.96</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">82.84</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">88.41</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">123.58</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">118.02</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">116.99</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s one-year cumulative GAP position at December 31, 2003, was negative
$35.2 million or 6.80% of assets.&#160; This
is a one-day position that is continually changing and is not indicative of the
Company&#146;s position at any other time.&#160;
While the GAP position is a useful tool in measuring interest rate risk
and contributes toward effective asset and liability management, it is
difficult to predict the effect of changing interest rates solely on that
measure, without accounting for alterations in the maturity or repricing
characteristics of the balance sheet that occur during changes in market
interest rates.&#160; For example, the GAP
position reflects only the prepayment assumptions pertaining to the current
rate environment.&#160; Assets tend to prepay
more rapidly during periods of declining interest rates than during periods of
rising interest rates.&#160; Because of this
and other risk factors not contemplated by the GAP position, an institution could
have a matched GAP position in the current rate environment and still have its
net interest income exposed to increased rate risk.&#160; To better qualify and account for the variables not incorporated
into GAP analysis, the Company utilizes an interest rate simulation model as
discussed previously.&#160; The Company
maintains a Rate Committee and the ALCO that reviews the Company&#146;s interest
rate risk position on a weekly or monthly basis, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item 8.&#160; <I><A NAME=A011></A>Financial Statements and Supplementary Data </I></B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
financial statements, the reports thereon, the notes thereto and supplementary
data commence at page F-1 of this Annual Report on Form 10-K.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">43</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Condensed
quarterly results of operations for the years ended December 31, 2003 and 2002
were as follows:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>QUARTER ENDED 2003</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(unaudited</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Dec.&nbsp;31</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Sept.&nbsp;30</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>June&nbsp;30</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>March&nbsp;31</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share data</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest income</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,799</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,722</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,001</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,042
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest expense</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,229</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,413</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,771</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,829
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest income</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,570</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,309</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,230</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,213
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for loan losses</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">300</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">250</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">150</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">375
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest income after
  provision for loan losses</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,270</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,059</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,080</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,838
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest income</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,155</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,209</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,187</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,386
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest expense</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,918</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,963</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,004</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,952
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings before taxes</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,507</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,305</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,263</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,272
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for income tax
  expense</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">418</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">370</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">478</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">237
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,089</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">935</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">785</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,035
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings per common share:</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Basic</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.37</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.32</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.27</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.36
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="58%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Diluted</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.37</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.31</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.27</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.35
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="38%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>QUARTER ENDED 2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="38%" COLSPAN="11" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="38%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(unaudited</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Dec.&nbsp;31</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Sept.&nbsp;30</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>June&nbsp;30</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>March&nbsp;31</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="38%" COLSPAN="11" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share data</B><B>)</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,324</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,357</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,194</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,080
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,972</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,061</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,099</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,140
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,352</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,296</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,095</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,940
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">225</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">335</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">450</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">250
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest income after
  provision for loan losses</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">4,127</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,961</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,645</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,690
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,320</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,227</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,475</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,034
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,945</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,683</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,574</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,490
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings before taxes</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,502</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,505</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,546</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,234
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision for income tax
  expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">292</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">413</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">453</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">252
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,210</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,092</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,093</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">982
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings per common share:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Basic</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.41</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.36</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.36</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.33
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Diluted</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.40</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.36</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.36</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">0.33
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Item 9. <I><A NAME=A012></A>Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">44</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A013></A>Item 9A<I>. Controls and
Procedures </I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Evaluation of Disclosure Controls and
Procedures</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the
end of the period covered by this report, the Company conducted an evaluation,
under the supervision and with the participation of the principal executive
officer and principal financial officer, of the effectiveness of the design and
operation of the Company&#146;s disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934
(the &#147;Exchange Act&#148;)).&#160; Based on this
evaluation, the principal executive officer and principal financial officer
concluded that the Company&#146;s disclosure controls and procedures are effective
to ensure that information required to be disclosed by the Company in reports
that it files or submits under the Exchange Act is recorded, processed,
summarized and reported to the Company&#146;s management within the time periods
specified in Securities and Exchange Commission rules and forms.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><I>Changes in Internal Controls</I></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were
no significant changes in the Company&#146;s internal control over financial
reporting that occurred during the Company&#146;s most recent year-end that have
materially affected, or are reasonably likely to materially affect, the
Company&#146;s internal control over financial reporting.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A014></A>PART III</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A015></A>Item 10.&#160; <I>Directors and Executive Officers of the Registrant</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information under the captions &#147;Election of Directors,&#148; &#147;Continuing Directors
and Executive Officers&#148; and &#147;Section&nbsp;16(a) Beneficial Ownership Reporting
Compliance&#148; in the Company&#146;s definitive Proxy Statement relating to its 2004
Annual Meeting of Shareholders (the &#147;2004 Proxy Statement&#148;), which will be
filed within 120 days after December 31, 2003, is incorporated herein by
reference in response to this item.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have
adopted a Code of Ethics that applies to our Chief Executive Officer and our
Chief Financial Officer.&#160; A copy of the
Code of Ethics can be obtained at no charge by making a written request to
Clifton A. Payne, P.O. Box 1158, Mt. Pleasant, TX 75456; telephone number (903)
572-9881.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A016></A>Item 11.&#160; <I>Executive Compensation</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information under the caption &#147;Executive Compensation and Other Matters&#148; in the
2004 Proxy Statement, which will be filed within 120 days after December 31,
2003, is incorporated herein by reference in response to this item.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A017></A>Item 12.&#160; <I>Security Ownership of Certain Beneficial Owners and
Management </I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information under the caption &#147;Beneficial Ownership of Common Stock by
Management of the Company and Principal Shareholders&#148; in the 2004 Proxy
Statement, which will be filed within 120 days after December 31, 2003, is
incorporated herein by reference in response to this item.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A018></A>Item 13.&#160; <I>Certain Relationships and Related Transactions </I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information under the caption &#147;Interests of Management and Others in Certain
Transactions&#148; in the 2004 Proxy Statement, which will be filed within 120 days
after December 31, 2003, is incorporated herein by reference in response to
this item.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A019></A>Item 14<I>.&#160; Principal Accountant Fees and Services</I></B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information under the caption &#147;Principal Accountant Fees and Services&#148; in the
2004 Proxy Statement, which will be filed within 120 days after December 31,
2003, is incorporated herein by reference in response to this item.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">45</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A020></A>PART IV</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A021></A>Item 15.&#160; <I>Exhibits, Financial Statement Schedules, and Reports
on Form 8-K</I></B> </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Consolidated
Financial Statements and Schedules</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the Financial Statements, the reports thereon, the notes thereto and
supplementary data commencing at page F-1 of this Annual Report on Form
10-K.&#160; Set forth below is a list of such
Financial Statements:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Independent
  Auditor&#146;s Report</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated
  Balance Sheets as of December 31, 2003 and 2002</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated
  Statements of Earnings for the Years Ended December 31, 2003, 2002 and 2001</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated
  Statements of Changes in Shareholders&#146; Equity for the Years Ended December
  31, 2003, 2002 and 2001</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated
  Statements of Cash Flows for the Years Ended December 31, 2003, 2002 and 2001</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Notes to
  Consolidated Financial Statements</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Financial Statement Schedules</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
supplemental schedules are omitted as inapplicable or because the required
information is included in the Consolidated Financial Statements or notes
thereto.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Exhibits</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
exhibit marked with an asterisk is filed with this Annual Report on
Form&nbsp;10-K.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="13%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Exhibit Number</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Description</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="13%" COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.1</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Agreement
  and Plan of Reorganization dated as of April 23, 1999 between First American
  Financial Corporation and Guaranty Bancshares, Inc. (incorporated herein by
  reference to Exhibit 2.1 to the Company&#146;s Registration Statement on Form S-4
  (Registration No. 333-81881)). </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.2</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">First
  Amendment to the Agreement and Plan of Reorganization between First American
  Financial Corporation and Guaranty Bancshares, Inc. (incorporated herein by
  reference to Exhibit 2.2 to the Company&#146;s Registration Statement on Form S-4
  (Registration No. 333-81881)).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.3</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Second
  Amendment to the Agreement and Plan of Reorganization between First American
  Financial Corporation and Guaranty Bancshares, Inc. (incorporated herein by
  reference to Exhibit 2.3 to the Company&#146;s Registration Statement on Form S-4
  (Registration No. 333-81881)).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#160;3.1</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Amended
  Articles of Incorporation of the Company (incorporated herein by reference to
  Exhibit&nbsp;3.1 to the Company&#146;s Registration Statement on Form&nbsp;S-1
  (Registration No.&nbsp;333-48959) (the &#147;Registration Statement&#148;)).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#160;3.2</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Amended and
  Restated Bylaws of the Company (incorporated herein by reference to Exhibit
  3.2 to the Registration Statement).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">4</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Specimen
  form of certificate evidencing the Common Stock (incorporated herein by
  reference to Exhibit&nbsp;4 to the Registration Statement).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.1</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Amended and
  Restated Declaration of Trust &#150; Guaranty (TX) Trust I &#150; Dated as of March 23,
  </FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">46</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2000 (incorporated
  herein by reference to Exhibit 10 to the Company&#146;s quarterly report Form 10-Q
  for the quarter ended March 31, 2000 filed on May 15, 2000).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.2**</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Junior
  Subordinated Indenture between Guaranty Bancshares, Inc. and The Bank of New
  York, as trustee, dated as of October 30, 2002.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">10.1+</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  Bancshares, Inc. 1998 Stock Incentive Plan (incorporated herein by reference
  to Exhibit 10.1 to the Registration Statement).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">10.2</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Amended and
  Restated Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401(k) Provisions
  dated December 18, 2001&#160; (incorporated
  herein by reference to Exhibit 10.2 to the Company&#146;s Annual Report on Form
  10-K for year ended December 31, 2001).</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">21*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Subsidiaries
  of Guaranty Bancshares, Inc. </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">23*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consent of
  McGladrey &amp; Pullen, LLP</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">31.1*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certification
  of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities
  Exchange Act of 1934, as amended, pursuant to Section 302 of the
  Sarbanes-Oxley Act of 2002.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">31.2*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certification
  of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities
  Exchange Act of 1934, as amended, pursuant to Section 302 of the
  Sarbanes-Oxley Act of 2002.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">32.1*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certification of Chief Executive Officer pursuant to 18 U.S.C.
  Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
  2002</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">32.2*</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certification of Chief Financial Officer pursuant to 18 U.S.C.
  Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of2002</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 WIDTH="25%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>*&#160; </B>Filed
  herewith</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">** This
  exhibit is not filed herewith because it meets the exclusion set forth in
  Section 601(b)(4)(iii)(A) of Regulation S-K and the Company hereby agrees to
  furnish a copy thereof to the Commission upon request.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">+ Management contract or compensatory plan or arrangement</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="4" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Reports on Form 8-K</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="83%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The Company
  filed a current report on Form 8-K under Item 7 and Item 12 of Form 8-K on
  October 29, 2003 to announce the release of the Company&#146;s earnings for the
  third quarter 2003.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">47</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>SIGNATURES</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to
the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,
as amended, Guaranty Bancshares, Inc., has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Mount Pleasant and the State of Texas on March 15, 2004.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">GUARANTY
  BANCSHARES, INC.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By:</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Arthur&#160;
  B. Scharlach, Jr.</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="70%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
 </TR>
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&nbsp;&nbsp;Arthur
  B. Scharlach, Jr.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="20%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="46%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&nbsp;<I>President
  &amp; Chief Executive Officer</I></FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, this
report or amendment thereto has been signed by the following persons in the
indicated capacities on March 15, 2004.</FONT></P>



<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%">
 <TR>
  <TD WIDTH="48%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Signature</B></FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Positions</B></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; B<SMALL>ILL</SMALL> G. J<SMALL>ONES</SMALL></B></FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bill G. Jones</FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Chairman of
  the Board </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/ A<SMALL>RTHUR</SMALL> B. S<SMALL>CHARLACH</SMALL>, J<SMALL>R</SMALL>.</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Arthur B. Scharlach, Jr.</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">President
  and Chief Executive Officer and Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; C<SMALL>LIFTON</SMALL> A. P<SMALL>AYNE</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Clifton A. Payne</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Senior Vice
  President, Secretary &amp; Chief Financial Officer and Director (principal
  financial officer and principal accounting officer)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; T<SMALL>YSON</SMALL> T. A<SMALL>BSTON</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tyson T. Abston</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Senior Vice
  President and Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; J<SMALL>ONICE</SMALL> C<SMALL>RANE</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Jonice Crane</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; C. A. H<SMALL>INTON</SMALL>, S<SMALL>R</SMALL>.</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">C. A. Hinton, Sr.</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; C<SMALL>ARL</SMALL> J<SMALL>OHNSON</SMALL>, J<SMALL>R</SMALL>.</B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Carl Johnson, Jr.</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; W<SMALL>ELDON</SMALL> M<SMALL>ILLER</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Weldon Miller</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; B<SMALL>ILL</SMALL> P<SMALL>RIEFERT</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bill Priefert</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>/s/&#160; G<SMALL>ENE</SMALL> W<SMALL>ATSON</SMALL></B></FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="48%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gene Watson</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director</FONT></P></TD>
 </TR>
</TABLE>




<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">48</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY
BANCSHARES, INC.<BR>
and Subsidiaries</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Consolidated
Financial Statements<BR>
December 31, 2003, 2002 and 2001</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Table
of Contents</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Page</B></FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A028">Independent
  Auditor&#146;s Report</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-2</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&#160;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A029">Consolidated
  Balance Sheets</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-3</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A030">Consolidated
  Statements of Earnings</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-4</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A031">Consolidated
  Statements of Changes in Shareholders&#146; Equity</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-5</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A032">Consolidated
  Statements of Cash Flows</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-6</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="95%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><A HREF="#A033">Notes to
  Consolidated Financial Statements</A></FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F-7</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 1</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><I><U><A NAME=A028></A>Independent
Auditor&#146;s Report</U></I></B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The
Board of Directors and Stockholders <BR>
Guaranty Bancshares, Inc. </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">We have audited the accompanying consolidated balance sheets of
Guaranty Bancshares, Inc. and Subsidiaries (the Company) as of December 31,
2003 and 2002, and the related consolidated statements of earnings, changes in
shareholders&#146; equity and cash flows for each of the three years in the period
ended December 31, 2003.&#160; These
consolidated financial statements are the responsibility of the Company&#146;s
management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">We
conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the consolidated financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">In
our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Guaranty
Bancshares, Inc. and Subsidiaries as of December 31, 2003 and 2002, and the
results of their operations and their cash flows for each of the three years in
the period ended December 31, 2003, in conformity with accounting principles
generally accepted in the United States of America.</FONT></P>
<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">/s/ MCGLADREY &amp; PULLEN, LLP </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dallas,
Texas <BR>
January 16, 2004</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 2</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A029></A>GUARANTY
BANCSHARES, INC.<BR>
CONSOLIDATED BALANCE SHEETS<BR>
December 31, 2003 and 2002<BR>
(Dollars in thousands, except par value)</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Assets</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash and due from banks</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">20,630</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">18,244
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest-bearing deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">186</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  cash and cash equivalents</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">20,816</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">18,244
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest-bearing time
  deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">6,776</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Federal funds sold</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,530
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities
  available-for-sale</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">99,614</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">106,992
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans held for sale</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,244</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,727
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans, net of allowance
  for loan losses of $3,906 and $3,692</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">360,364</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">356,196
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Premises and equipment,
  net</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">13,183</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">13,565
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other real estate</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">743</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,111
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Accrued interest
  receivable</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,638</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,002
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Goodwill</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,338</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">2,338
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other assets</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">9,362</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">9,263
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">517,078</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">517,968
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Liabilities
  and Shareholders&#146; Equity</B></FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Liabilities</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">72,202</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">68,514
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">335,645</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">356,436
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  deposits</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">407,847</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">424,950
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest and other
  liabilities</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,071</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">5,611
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal funds purchased</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">7,295</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank
  advances</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">50,417</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">42,763
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">10,000
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">480,630</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">483,324
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Shareholders&#146; equity</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Preferred
  stock, $5.00 par value, 15,000,000 shares authorized,<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no shares issued</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Common
  stock, $1.00 par value, 50,000,000 shares authorized,<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,252,016 shares issued</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,252</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">3,252
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Additional
  paid-in capital</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12,801</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">12,725
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Retained
  earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">23,912</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">21,149
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Treasury
  stock, 330,088 and 320,088 shares at cost</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3,981</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">(3,820</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Accumulated
  other comprehensive income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">464</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">1,338
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
  shareholders&#146; equity</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">36,448</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">34,644
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">517,078</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">517,968
  </FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="78%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN="CENTER"><FONT SIZE=2 FACE="TIMES NEW ROMAN">See
accompanying notes to consolidated financial statements.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 3</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A030></A>GUARANTY BANCSHARES, INC.<BR>
CONSOLIDATED STATEMENTS OF EARNINGS<BR>
Years Ended December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Interest income</B></FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans,
  including fees</FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">23,473</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24,119</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24,591</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="6" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Taxable</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,919</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,470</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,280</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="6" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nontaxable</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">58</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">159</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">413</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Federal
  funds sold and interest-bearing deposits</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">114</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">207</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">577</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="5" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  interest income</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">27,564</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,955</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">29,861</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Interest expense</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deposits</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,240</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,837</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,836</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">FHLB
  advances and federal funds purchased</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,001</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,639</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">755</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Long-term
  debt</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,001</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">796</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">772</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  interest expense</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,242</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,272</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,363</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net interest income</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17,322</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,683</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,498</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision
  for loan losses</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,075</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,385</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net interest income after provision for loan losses</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">16,247</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,423</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,113</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Noninterest income</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Service
  charges</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,869</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,957</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,678</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net realized
  gain on securities transactions</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">188</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">380</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">416</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other
  operating income</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,880</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,719</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,107</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  noninterest income</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,937</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,056</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,201</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Noninterest expense</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Employee
  compensation and benefits</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,371</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8,711</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,592</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Occupancy
  expenses</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,019</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,992</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,901</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other
  operating expenses</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,447</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,989</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,026</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="6" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  noninterest expense</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,837</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,692</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,519</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="6" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings before provision for income taxes</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,347</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,787</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,795</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Provision for income taxes</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Current</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">961</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,065</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,191</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" COLSPAN="7" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deferred</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">542</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">345</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">314</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="7" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total
  provision for income taxes</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,503</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,410</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,505</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net Earnings</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,844</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,377</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Basic earnings per common share</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.32</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.46</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Diluted earnings per common share</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.30</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.45</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="8" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>

  <TD WIDTH=22></TD>
  <TD WIDTH=17></TD>
  <TD WIDTH=2></TD>
  <TD WIDTH=1></TD>
  <TD WIDTH=1></TD>
  <TD WIDTH=1></TD>
  <TD WIDTH=0></TD>
  <TD WIDTH=390></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">See accompanying notes to consolidated
financial statements.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 4</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A031></A>GUARANTY BANCSHARES, INC.<BR>
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS&#146; EQUITY<BR>
Years Ended December 31, 2003, 2002, and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Preferred<BR>
  Stock</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Common<BR>
  Stock</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Additional<BR>
  Capital</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Retained<BR>
  Earnings</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Accumulated</B><B><BR>
  Other<BR>
  Comprehensive<BR>
  Income</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Treasury<BR>
  Stock</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1   FACE="TIMES NEW ROMAN"><B>Total<BR>
  Shareholders&#146;<BR>
  Equity</B></FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Balance at January 1, 2001</FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,250</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,659</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">15,274</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">462</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(2,220</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">29,425</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Comprehensive Income:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,290</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,290</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Change in net unrealized gain on<BR>
  &nbsp;&nbsp;securities available for sale, net of<BR>
  &nbsp;&nbsp;reclassification and tax effects</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">386</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">386</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Total comprehensive income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,676</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(433</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(433</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Dividends:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Common - $0.28 per share</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(841</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(841</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Balance at December 31,
  2001</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,250</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,659</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17,723</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">848</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(2,653</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">31,827</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Comprehensive Income:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,377</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,377</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Change in net unrealized gain on<BR>
  &nbsp;&nbsp;securities available for sale, net of<BR>
  &nbsp;&nbsp;reclassification and tax effects</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">490</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">490</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Total comprehensive income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">4,867</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Stock-based compensation
  expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">49</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">49</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Exercise of stock options</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">17</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">19</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(1,167</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(1,167</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Dividends:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Common - $0.32 per share</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(951</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(951</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Balance at December 31,
  2002</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,252</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,725</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">21,149</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">1,338</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(3,820</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">34,644</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Comprehensive Income:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Net earnings</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,844</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,844</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Change in net unrealized gain on<BR>
  &nbsp;&nbsp;securities available for sale, net of<BR>
  &nbsp;&nbsp;reclassification and tax effects</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(874</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(874</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="19%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Total comprehensive income</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">2,970</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Stock-based compensation expense</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">76</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">76</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(161</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(161</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Dividends:</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="22%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Common - $0.37 per share</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(1,081</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(1,081</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">Balance at December 31,
  2003</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">-</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">3,252</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">12,801</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">23,912</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">464</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">(3,981</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">)</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1 FACE="TIMES NEW ROMAN">$</FONT></P></TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1   FACE="TIMES NEW ROMAN">36,448</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="24%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>

  <TD WIDTH=20></TD>
  <TD WIDTH=19></TD>
  <TD WIDTH=1></TD>
  <TD WIDTH=139></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=28></TD>
  <TD WIDTH=19></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=54></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=49></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=33></TD>
  <TD WIDTH=14></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=50></TD>
  <TD WIDTH=16></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=8></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">See
accompanying notes to consolidated financial statements</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 5</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A032></A>GUARANTY BANCSHARES, INC.<BR>
CONSOLIDATED STATEMENTS OF CASH FLOWS<BR>
Years Ended December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from operating activities</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,844</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,377</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Adjustments to reconcile net earnings to net
  cash from operating<BR>
  &nbsp;&nbsp;activities:</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Depreciation and amortization</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,149</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,129</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,134 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net securities amortization (accretion)</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,639</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">809</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(67</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net realized gain on securities
  transactions</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(188</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(380</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(416</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Gain on loans held for sale</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(586</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(272</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(98</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Provision for loan losses</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,075</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,385 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in loans held for sale</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,069</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,821</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,364</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Write-down of other real estate and
  repossessed assets</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">59</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">37</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net (gain) loss on sale of premises,
  equipment and other real estate</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(32</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">64</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(212</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Provision for Aircraft Finance Trust
  impairment</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">60</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Loss on impairment of investment in
  Aircraft Finance Trust</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">113</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,500 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in accrued interest receivable and
  other assets</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(96</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,100</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,480</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in accrued interest payable and
  other liabilities</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(91</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,174 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Stock-based compensation expense</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">76</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">49</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="61%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net cash provided by operating activities</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,091</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,399</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,846 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from investing activities</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Purchases of interest-bearing time deposits</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6,776</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Securities available for sale:</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="61%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchases</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(95,857</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(95,863</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(49,321</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="61%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Proceeds from sales and principal
  repayments</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">100,524</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">70,962</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">50,294 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Purchases of premises and equipment</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(642</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(940</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,183</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Proceeds from sale of premises, equipment
  and other real estate</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,537</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,338</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,541 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net increase in loans</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6,439</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(35,170</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(45,008</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in federal funds sold</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,530</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,865</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">600 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="61%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net cash used in investing activities</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6,123</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(54,808</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(43,077</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from financing activities</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in deposits</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(17,103</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">41,671</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25,014 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net change in federal funds purchased</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,295</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Proceeds from FHLB advances</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30,000 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Repayment of FHLB advances</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(5,346</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(10,329</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(9,311</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Proceeds
  from long-term debt</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Purchase of treasury stock</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(161</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,167</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(433</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Exercise of stock options</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">19</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="63%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Cash dividends paid</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,081</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(951</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(841</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="61%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;Net cash (used in) provided by financing
  activities</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,396</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">52,243</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">44,429 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net change in cash and cash equivalents</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,572</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,834</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,198 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash and cash equivalents at beginning of year</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18,244</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,410</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,212 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash and cash equivalents at end of year</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,816</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18,244</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15,410 </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" COLSPAN="5" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="0%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>

  <TD WIDTH=20></TD>
  <TD WIDTH=0></TD>
  <TD WIDTH=19></TD>
  <TD WIDTH=1></TD>
  <TD WIDTH=441></TD>
  <TD WIDTH=21></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=50></TD>
  <TD WIDTH=22></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=50></TD>
  <TD WIDTH=22></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=50></TD>
  <TD WIDTH=2></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">See accompanying notes to consolidated financial statements.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 6</FONT></P>


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<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>




<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B><A NAME=A033></A>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following
is a summary of the significant accounting policies followed in the preparation
of the consolidated financial statements.&#160;
The policies conform to accounting principles generally accepted in the
United States of America and to general practices within the banking industry.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Principles of Consolidation</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consolidated financial statements include the accounts of Guaranty Bancshares,
Inc and its wholly-owned subsidiaries, Guaranty (TX) Capital Trust I, Guaranty
(TX) Capital Trust II, and Guaranty Financial Corp., Inc., which wholly owns
Guaranty Bond Bank, formally Guaranty Bank (&#147;Bank&#148;).&#160; Guaranty Bond Bank has three wholly owned non-bank subsidiaries,
Guaranty Leasing Company, Guaranty Company and GB Com, Inc., and partial
interests in two non-bank subsidiaries, BSC Securities, L.C. (&#147;BSC&#148;) and
Independent Bank Services, L.C. (&#147;IBS&#148;).&#160;
All entities combined are collectively referred to as the
&#147;Company.&#148;&#160; All significant intercompany
balances and transactions have been eliminated in consolidation.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Nature of Operations</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
operates ten locations in Northeast Texas and one location in Fort Stockton,
Texas.&#160; The Company&#146;s main sources of
income are derived from granting loans primarily in Northeast Texas and
investing in securities issued by the U.S. Treasury, U.S. government agencies
and state and political subdivisions.&#160; A
variety of financial products and services are provided to individual and
corporate customers.&#160; The primary
deposit products are checking accounts, money market accounts, and certificates
of deposit.&#160; The primary lending
products are real estate, commercial, and consumer loans.&#160; Although the Company has a diversified loan
portfolio, a substantial portion of its debtors&#146; abilities to honor contracts
is dependent on the economy of the area.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Use of Estimates</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To prepare
financial statements in conformity with accounting principles generally
accepted in the United States of America, management makes estimates and
assumptions based on available information.&#160;
These estimates and assumptions affect the amounts reported in the
financial statements and the disclosures provided, and actual future results
could differ.&#160; The allowance for loan
losses, fair values of financial instruments, the status of contingencies, and
the value of the Company&#146;s recorded investment in the Aircraft Finance Trust
(&#147;AFT&#148;) are particularly subject to change.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash Equivalents and Supplemental Cash Flow
Information</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and
cash equivalents include cash, due from banks and interest-bearing deposits
with other banks, which have initial maturities less than 90 days.&#160; Net cash flows are reported for loan and
deposit transactions, and short-term borrowings with initial maturities less
than 90 days.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003,
2002 and 2001, cash paid for interest totaled $10,554, $12,505, and $15,974,
respectively, and cash paid for income taxes totaled $780, $1,320, and $104,
respectively.&#160; Significant noncash
transactions included transfers from loans to other real estate and repossessed
assets of $1,196, $3,988, and $2,157 in 2003, 2002 and 2001, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Securities</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
are classified as held to maturity and carried at amortized cost when
management has the positive intent and ability to hold them to maturity.&#160; Securities are classified as available for
sale when they might be sold before maturity.&#160;
Securities available for sale are carried at fair value, with unrealized
holding gains and losses reported in other comprehensive income.&#160; Management determines the appropriate
classification of securities at the time of purchase.&#160; Restricted securities such as stock in the Independent Bankers
Financial Corporation, the Federal Home Loan Bank and Independent Bankers
Capital Fund, L.P. are carried at cost.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 7</FONT></P>

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<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</B> (Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
income includes amortization of purchase premiums and discounts.&#160; Gains and losses on sales are based on the
amortized cost of the security sold.&#160;
Securities are written down to fair value when a decline in fair value
is not temporary. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Loans Held For Sale</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
residential mortgage loans are originated for sale in the secondary
mortgage-loan market.&#160; These loans are
carried at the lower of cost or estimated fair value in the aggregate.&#160; Net unrealized losses are recognized through
a valuation allowance by charges to income.&#160;
To mitigate the interest rate risk, fixed commitments may be obtained at
the time loans are originated or identified for sale.&#160; The Company did not have any fixed commitments at December 31,
2003 and 2002.&#160; All sales are made
without recourse.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Loans</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans are
reported at the principal amount outstanding, net of unearned discounts and an
allowance for loan losses. Unearned discounts on installment loans are
recognized using a method that approximates a level yield over the term of the
loans. Interest on other loans is reported on the level yield interest method
and includes amortization of net deferred loan fees and costs over the loan
term.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
income is not reported when full loan repayment is in doubt, typically when the
loan is impaired or payments are past due 90 days or more.&#160; Payments received on such loans are reported
as principal reductions.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Allowance for Loan Losses</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
allowance for loan losses is a reserve established through a provision for loan
losses charged to expense, which represents management&#146;s best estimate of
probable losses that have been incurred within the existing portfolio of
loans.&#160; The allowance, in the judgment
of management, is necessary to reserve for estimated loan losses and risks
inherent in the loan portfolio. While management utilizes its best judgment and
information available, the ultimate adequacy of the allowance is dependent upon
a variety of factors, including the performance of the bank&#146;s loan portfolio,
the economy, changes in real estate values and interest rates and the view of
the regulatory authorities toward loan classifications.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
estimates the allowance balance required, in part, by review of the loan
portfolio to evaluate potential problem loans.&#160;
Potential problem loans are classified and separately monitored by
management. Loans internally classified as &#147;special mention&#148; are those that
contain a weakness that, if left unattended, could develop into a problem
affecting the ultimate collectibility of the loan. Loans internally classified
as &#147;substandard&#148; are those loans with clear and defined weaknesses such as
highly leveraged positions, unfavorable financial ratios, uncertain repayment
sources or poor financial condition, which may jeopardize recoverability of the
loan. Loans internally classified as &#147;doubtful&#148; are those loans that have
characteristics similar to substandard loans, but also have an increased risk
that a loss may occur or at least a portion of the loan may require a
charge-off if liquidated at present. Although loans classified as substandard
do not duplicate loans classified as doubtful, both substandard and doubtful
loans may include some loans that are past due at least 90 days, are on
nonaccrual status or have been restructured. Loans internally classified as &#147;loss&#148;
are those loans that are in the process of being charged off. </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan
impairment is reported when full payment under the loan terms is not expected.
Loans are evaluated for impairment when payments are delayed, typically 90 days
or more, or when analysis of a borrower&#146;s operating results and financial
condition indicates the borrower&#146;s underlying cash flows are not adequate to
meet debt service requirements and it is probable that not all principal and
interest amounts will be collected according to the original terms of the
loan.&#160; Impairment is evaluated in total
for smaller-balance loans of similar nature such as residential mortgage and
consumer loans and on an individual loan basis for other loans. If a loan is
impaired, a portion of the allowance is allocated so that the loan is reported,
net, at the present value of estimated future cash flows using the loan&#146;s
existing rate or at the fair value of collateral if repayment is expected
solely from the collateral. Impaired loans, or portions thereof, are charged
off when deemed uncollectible.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 8</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</B> (Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition
to allocations made for specific classified loans, general reserve allocations
are made after consideration of such factors as past loan loss experience,
general prevailing economic conditions, the nature, composition and volume of
the loan portfolio, and other qualitative factors based on management&#146;s
judgment.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
portions of allowance may be allocated for specific credits, the entire
allowance is available for any credit that, in management&#146;s judgment, should be
charged-off. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Premises and Equipment</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premises
and equipment are stated at cost, less accumulated depreciation.&#160; Depreciation is provided on the
straight-line method over the estimated useful lives of the related
assets.&#160; Maintenance, repairs and minor
improvements are charged to noninterest expense as incurred.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Other Real Estate</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets
acquired through, or in lieu of, foreclosure are initially recorded at fair
value when acquired, establishing a new cost basis.&#160; If fair value declines, a valuation allowance is recorded through
expense.&#160; Costs after acquisition are
expensed.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Goodwill</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
January&nbsp;1, 2002, the Company stopped amortizing goodwill and adopted a new
policy for measuring goodwill for impairment. No impairment of goodwill was
recognized in connection with the adoption of this new policy. Under the new
policy, goodwill is assigned to reporting units.&#160; The Company currently operates as a single reporting unit and all
of the reported goodwill is associated with the entire Company.&#160;&#160; Goodwill is then tested for impairment at
least annually, or on an interim basis if an event occurs or circumstances
change that would more-likely-than-not reduce the fair value of the reporting
unit below its carrying value. Goodwill is tested for impairment using a
two-step approach. The first step is to compare the fair value of the reporting
unit to its carrying amount, including goodwill. If the fair value of the
reporting unit is greater than its carrying amount, goodwill is not considered
impaired and the second step is not required. If the fair value of the
reporting unit is less than its carrying amount, the second step of the
impairment test measures the amount of the impairment loss, if any. The second
step of the impairment test is to compare the implied fair value of goodwill to
its carrying amount. If the carrying amount of goodwill exceeds its implied
fair value, an impairment loss is recognized equal to that excess. The implied
fair value of goodwill is calculated in the same manner that goodwill is
calculated in a business combination, whereby the fair value of the reporting
unit is allocated to all of the assets and liabilities of that unit (including
any unrecognized intangible assets) as if the reporting unit had been acquired
in a business combination and the fair value of the reporting unit was the
purchase price. The excess &#147;purchase price&#148; over the amounts assigned to assets
and liabilities would be the implied fair value of goodwill.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 9</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</B> (Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to
January 1, 2002, goodwill had been amortized over a 20-year period.&#160; The following table presents reported net
income and earnings per common share for the year ended December 31, 2001
adjusted to exclude goodwill amortization expense.</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Reported net
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Add back
  amortization of goodwill</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">150</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Adjusted net
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,440</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Reported
  earnings per share - basic and diluted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Add back
  goodwill amortization</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.05</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Adjusted
  earnings per share - basic and diluted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.14</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="87%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>


<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Intangible Assets and Other Long-Lived Assets</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible
assets with definite useful lives are amortized on a straight-line basis over
their estimated useful life. Intangible assets, premises and equipment and
other long-lived assets are tested for impairment whenever events or changes in
circumstances indicate the carrying amount of the assets may not be recoverable
from future undiscounted cash flows. If impaired, the assets are recorded at
fair value.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Income Taxes</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax
expense is the total of the current year income tax due or refundable and the
change in deferred tax assets and liabilities.&#160;
Deferred tax assets and liabilities are the expected future tax amounts
for the temporary differences between carrying amounts and tax bases of assets
and liabilities, computed using enacted tax rates.&#160; A valuation allowance, if needed, reduces deferred tax assets to
the expected amount to be realized.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Stock Compensation</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with accounting standard,<I> SFAS
No. 148, &#147;Accounting for Stock-Based Compensation &#150; Transition and Disclosure,
an Amendment of FASB Statement No. 123,&#148;</I> the Company transitioned to
the fair value method of accounting for stock-based compensation during 2002
using the modified prospective method prescribed by the standard.&#160; Under the modified prospective method, the
Company began recognizing stock-based employee compensation expense from the
beginning of 2002 as if the fair value method had been used to account for all
employee awards granted, modified, or settled in fiscal years beginning after
December 15, 1994. The fair value of options granted is determined using the
Black-Scholes option valuation model. Stock-based employee compensation expense
totaled approximately $49 and $76 in 2002 and 2003, respectively. Under the
modified prospective method, no stock-based employee compensation expense is
recognized for prior periods. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to
2002, stock-based compensation expense under stock option plans was reported
only if options were granted below market price at grant date in accordance
with the intrinsic value method of Accounting Principles Board (APB) Opinion
No.&nbsp;25.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 10</FONT></P>


<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</B> (Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Fair Values of Financial Instruments</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair values
of financial instruments are estimated using relevant market information and
other assumptions.&#160; Fair value estimates
involve uncertainties and matters of significant judgment regarding interest
rates, credit risk, prepayments, and other factors, especially in the absence
of broad markets for particular items.&#160;
Changes in assumptions or in market conditions could significantly
affect the estimates.&#160; The fair value
estimates of existing on and off balance sheet financial instruments do not
include the value of anticipated future business or the value of assets and
liabilities not considered financial instruments.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Loss Contingencies</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss
contingencies, including claims and legal actions arising in the ordinary
course of business, are recorded as liabilities when the likelihood of loss is
probable and an amount or range of loss can be reasonably estimated.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Dividend Restriction</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banking
regulations require the maintenance of certain capital and net income levels
that may limit the amount of dividends that may be paid. Regulatory capital
requirements are more fully disclosed in a separate note.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Restrictions on Cash</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
was required to have $299 and $1,907 of cash on hand or on deposit with the
Federal Reserve Bank to meet regulatory reserve and clearing requirements at
December 31, 2003 and 2002, respectively.&#160;
Deposits with the Federal Reserve Bank do not earn interest. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Earnings Per Common
Share</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic
earnings per share (&#147;EPS&#148;) is based on net earnings divided by the
weighted-average number of shares outstanding during the period.&#160; Diluted EPS includes the dilutive effect of
stock options granted using the treasury stock method.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings
per common share is computed by dividing net earnings available to common
shareholders by the weighted-average number of common shares outstanding for
the year.&#160; The weighted-average number
of common shares outstanding for basic and diluted earnings per share
computations were as follows:</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 11</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except share amounts)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES </B>(Continued)</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Weighted-average
  shares outstanding &#150; Basic</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,922,558</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,991,453</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,016,406</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Effect of
  stock options</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30,722</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21,253</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,915</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Weighted-average
  shares outstanding &#150; Diluted</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,953,280</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,012,706</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,027,321</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>


<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Comprehensive
Income</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive
income is reported for all periods.&#160;
Comprehensive income includes both net income and other comprehensive
income.&#160; Other comprehensive income
components and related taxes were as follows.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Unrealized
  (loss) gain on available-for-sale securities<BR>
  &nbsp;&nbsp;arising during the period</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,135</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,122</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,001</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Reclassification
  adjustment for amounts realized on<BR>
  &nbsp;&nbsp;securities sales included in net earnings</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(188</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(380</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(416</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="51%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net unrealized (loss) gain</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,323</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">742</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">585</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="51%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tax effect</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">449</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(252</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(199</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="49%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total other comprehensive (loss) income</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(874</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">490</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">386</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="54%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="8%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>

  <TD WIDTH=20></TD>
  <TD WIDTH=20></TD>
  <TD WIDTH=355></TD>
  <TD WIDTH=27></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=64></TD>
  <TD WIDTH=27></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=63></TD>
  <TD WIDTH=27></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=63></TD>
  <TD WIDTH=27></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Recent Accounting Pronouncements</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April
2003, the Financial Accounting Standards Board (FASB) issued <I>Statement of Financial Accounting Standard (SFAS) No.
149, &#147;Amendment of Statement 133 on Derivative Instruments and Hedging Activities&#148;</I>
(SFAS 149). SFAS 149 amends and clarifies accounting for derivative instruments
and hedging activities under Statement 133. In addition, this Statement
clarifies under what circumstances a contract with an initial net investment
meets the characteristic of a derivative and when a derivative contains a
financing component that warrants special reporting in the statement of cash
flows. This statement is effective for contracts entered into or modified after
June 30, 2003. The Company&#146;s adoption of this statement did not have a material
impact on the Company&#146;s consolidated financial statements. </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May
2003, the FASB issued <I>SFAS No. 150,
Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equity (SFAS 150).</I> SFAS 150 established standards
for how an issuer classifies and measures certain financial instruments with
characteristics of both liabilities and equity. It requires that an issuer
classify a financial instrument that is within its scope as a liability (or
asset in some circumstances). The Company adopted SFAS 150 on July 1, 2003 and
such adoption did not have a material effect on its financial position or
results of operations.&#160;&#160; The effective
date of SFAS 150 has been indefinitely deferred by the FASB for certain
mandatory redeemable instruments when certain criteria are met. The Company has
no instruments subject to these provisions.&#160;&#160;
</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 12</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 1 &#150; SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES</B> (Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIN No. 46,
<I>Consolidation of Variable Interest Entities</I>,
an interpretation of Accounting Research Bulletin No. 51, establishes
accounting guidance for consolidation of variable interest entities (VIE) that
function to support the activities of the primary beneficiary. Prior to the
implementation of FIN 46, VIEs were generally consolidated by an enterprise
when the enterprise had a controlling financial interest through ownership of a
majority of voting interest in the entity. The provisions of FIN 46 were
effective immediately for all arrangements entered into after January 31,
2003.&#160; In December 2003, the FASB issued
a revision to FIN 46&#160; (FIN 46R) which
clarified certain implementation issues and revised implementation dates for
VIE&#146;s created before January 31, 2003.&#160;
Under the new guidance, special effective date provisions apply to
enterprises that have fully or partially applied FIN 46 prior to issuance of
the revised Interpretation. Otherwise, application of FIN 46R (or FIN 46) is
required in financial statements of public entities that have interests in
special-purpose entities for periods ending after December 15, 2003.
Application by public entities, other than small business issuers, for all
other types of VIEs is required in financial statements for periods ending
after March 15, 2004. The Company has concluded that deconsolidation of the
trusts created upon the issuance of the trust preferred securities is necessary
by March 31, 2004.&#160; In July 2003, the
Federal Reserve issued a supervisory letter instructing bank holding companies
to continue to include the trust preferred securities in Tier I capital for
regulatory purposes until notice is given to the contrary.&#160; There can be no assurance that the Federal
Reserve will continue to permit institutions to include trust preferred
securities in Tier 1 capital for regulatory capital purposes. (See Note 7) </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Emerging Issues Task Force (EITF) recently reached a consensus on Issue No.
03-1, <I>&#147;The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments,&#148;</I> which is
effective for fiscal years ending after December 15, 2003.&#160; EITF 03-1 requires additional disclosures
related to unrealized losses that are temporary.&#160; Investments classified as held to maturity and available for sale
with unrealized losses that are temporary must be separated into (i) losses
that have existed for less than 12 months and (ii) losses that have existed for
more than 12 months.&#160; The Company has
adopted the disclosure requirements as of December 31, 2003.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Reclassifications</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
prior year amounts have been reclassified to conform with the current year&#146;s
presentation.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 13</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 2 &#150; SECURITIES AVAILABLE-FOR-SALE</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Year-end
  securities available for sale were as follows:</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">December
  31, 2003:</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Amortized<BR>
  Cost</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Gross<BR>
  Unrealized<BR>
  Gains</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Gross<BR>
  Unrealized<BR>
  Losses</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Estimated<BR>
  Fair<BR>
  Value</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">U. S. government agency securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,013</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">190</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,194</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mortgage-backed securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">86,785</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">776</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">313</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">87,248</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,902</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,902</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>





 <TR>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Obligations of state and political subdivisions</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,210</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">60</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,270</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">98,910</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,026</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">322</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">99,614</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">December
  31, 2002:</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">U. S. government agency securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,728</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">399</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,127</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Mortgage-backed securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">61,808</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,341</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">63,148</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Collateralized mortgage obligations</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25,039</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">281</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">40</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25,280</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,165</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,165</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="45%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Obligations of state and political subdivisions</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,225</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,272</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">104,965</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,068</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">41</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">106,992</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="48%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>

  <TD WIDTH=20></TD>
  <TD WIDTH=0></TD>
  <TD WIDTH=328></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=56></TD>
  <TD WIDTH=23></TD>
 </TR>
</TABLE>


<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed
securities and collateralized mortgage obligations are backed by pools of
mortgages that are insured or guaranteed by the Federal Home Loan Mortgage
Corporation (FHLMC), the Federal National Mortgage Association (FNMA) or the
Government National Mortgage Corporation (GNMA).&#160; Equity securities include stock holdings in Independent Bankers
Financial Corporation, the Federal Reserve Bank, the Federal Home Loan Bank,
and Independent Bankers Capital Fund, L.P.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At year-end
2003, there were no holdings of securities of any one issuer, other than the
U.S. government and its agencies, in an amount greater than 10% of shareholders&#146;
equity.&#160; None of the Company&#146;s
securities had an unrealized loss for more than 12 consecutive months as of
December 31, 2003.&#160; Unrealized losses
are generally, due to changes in interest rates, and, as such, are considered
temporary by the Company.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
with a fair value of approximately $56,784 and $56,429 at December 31, 2003,
and 2002, respectively, were pledged to secure public deposits and for other
purposes as required or permitted by law.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 14</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>



<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 2 &#150; SECURITIES AVAILABLE-FOR-SALE
</B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amortized cost and estimated fair value of securities at year-end 2003, by
contractual maturity, are shown below.&#160;&#160;
Equity securities are shown separately since they do not have a maturity
date.&#160; Expected maturities may differ
from contractual maturities because borrowers and/or issuers may have the right
to call or prepay their obligation with or without call or prepayment
penalties.</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Amortized<BR>
  Cost</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Estimated<BR>
  Fair<BR>
  Value</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Due within
  one year</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,138</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,190</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Due after
  one year through five years</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,307</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,473</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Due after
  five years through ten years</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">40,224</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">40,501</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Due after
  ten years</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">46,339</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">46,548</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity
  securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,902</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,902</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">98,910</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">99,614</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales
of securities available for sale were as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Proceeds from the sale of securities</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">44,504</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">31,973</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">50,294</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gross
  realized gains</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">250</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">427</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">441</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="65%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gross
  realized losses</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">62</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">25</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 15</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>









<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 3 &#150; LOANS AND
ALLOWANCE FOR LOAN LOSSES</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Year-end
loans, excluding loans held for sale, were as follows:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commercial</FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">55,285</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">58,661
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Agriculture</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,173</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,989
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Real estate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Construction</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">22,020</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,017
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1-4 family residential</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">136,717</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">139,156
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Farmland</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,267</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,765
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commercial</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">79,953</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">81,649
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Multi-family residential</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,291</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9,289
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consumer</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">30,612</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">32,429
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="75%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total gross loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">364,318</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">359,955
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Less:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Unearned discounts</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">48</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">67
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,906</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,692
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="75%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total net loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">360,364</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">356,196
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=21></TD>
  <TD WIDTH=21></TD>
  <TD WIDTH=541></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=15></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=7></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans
to executive officers, directors, principal shareholders and their affiliates
were as follows:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="80%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Beginning balance</FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,441</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,674</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">New loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,051</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,881</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Repayments</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6,005</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(7,114</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Ending balance</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17,487</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,441</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=21></TD>
  <TD WIDTH=561></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=15></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=7></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes
in the allowance for loan losses were as follows:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Beginning balance</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,692</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,346</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,578
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,075</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,385
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Charge-offs</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(923</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,072</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(835</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Recoveries</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">62</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">158</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">218
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Ending balance</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,906</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,692</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,346
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="77%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impaired
loans were as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="93%">
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Year-end loans with
  allowance allocated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,072</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,810</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Year-end loans with no
  allowance allocated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Impaired loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,072</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,810</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Amount of the allowance
  allocated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">740</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">913</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 16</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 3 &#150; LOANS AND ALLOWANCE FOR LOAN LOSSES
</B>(Continued)</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The average
balance of impaired loans was $2,674 in 2003, $3,265 in 2002 and $2,973 in
2001.&#160; No interest income was recognized
on these impaired loans during 2003, 2002 or 2001.&#160; There were no commitments to lend additional funds to borrowers
whose loans were classified as impaired. </FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents information regarding nonperforming assets at the
dates indicated:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="89%">
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>December 31,</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonaccrual loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,072</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,810</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Accruing loans past due 90
  days or more</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">489</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">404</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other real estate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">743</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,111</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="76%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total nonperforming assets</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,304</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,325</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Nonperforming assets to
  total gross loans and other real estate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.90</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.18</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=40></TD>
  <TD WIDTH=496></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=34></TD>
  <TD WIDTH=10></TD>
  <TD WIDTH=6></TD>
  <TD WIDTH=36></TD>
  <TD WIDTH=9></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
interest on nonaccrual loans had been accrued, such income would have been
approximately $214 in 2003, $310 in 2002 and $251 in 2001.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 17</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 4 - PREMISES AND
EQUIPMENT</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Year-end
premises and equipment were as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Land</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,604</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,604
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Building and improvements</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,928</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,736
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Furniture, fixtures and
  equipment</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,136</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,687
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Automobiles</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">108</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">110
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,776</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,137
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Less accumulated
  depreciation</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,593</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,572
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,183</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13,565
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P> <FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation
expense totaled $1,024 in 2003, $992 in 2002 and $984 in 2001.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 5 -
INTEREST-BEARING DEPOSITS</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Year-end
interest-bearing deposits were as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">NOW accounts</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">44,400</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">39,368
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Savings and money market
  accounts</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">75,335</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">75,745
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certificates of deposit
  less than $100,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">119,670</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">136,483
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Certificates of deposit of
  $100,000 or more</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">96,240</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">104,840
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">335,645</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">356,436
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="80%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Year-end
scheduled maturities of certificates of deposit were as follows:</FONT></P>
<TABLE ALIGN=CENTER BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="65%">
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2004</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="20%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">170,121</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2005</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">22,787</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2006</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,541</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2007</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8,502</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2008</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8,834</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">Thereafter</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">125</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">215,910</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="88%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P> <FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits
of executive officers, directors and significant shareholders totaled $11,466
and $10,954 at December 31, 2003 and 2002, respectively.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 18</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 6 &#150; FEDERAL HOME LOAN BANK ADVANCES</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
Home Loan Bank (FHLB) advances were as follows:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Current<BR>
  Weighted Average<BR>
  Rate</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fixed-rate advances, with
  monthly interest payments, principal due in:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="3" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2003</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2.92</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2004</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.49</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2005</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2.91</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2006</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.52</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2007</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.60</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2008</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3.32</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">48,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">40,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fixed-rate advances, with monthly principal and interest payments,
  principal due in:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2003</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.23</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">346
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2004</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.23</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">364</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">364
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2005</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.23</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">742</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">742
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2006</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.19</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">292</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">292
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2007</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.19</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">307</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">307
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2008</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.19</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">302</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">302
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">Thereafter</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.18</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">410</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">410
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,417</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,763
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">50,417</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,763
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="71%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>












<P> <FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
maximum month-end balance of FHLB advances outstanding was $53,064 and $52,875
in 2003 and 2002, respectively.&#160; Average
balances of borrowings outstanding during 2003 and 2002 were $50,511 and
$40,892, respectively.&#160; As a member of
the FHLB system, the Bank has the ability to obtain borrowings up to a maximum
total of $106,659 subject to the level of qualified, pledgable 1-4 Family
loans, Multi-family loans, small business loans, small farm loans, and FHLB
stock owned.&#160; The advances are
collateralized by a blanket pledge of the Bank&#146;s 1-4 Family loans, Multi-family
loans, small business loans, small farm loans, and FHLB stock owned.&#160; The weighted-average interest rates on these
borrowings were 3.91% and 4.02% at December 31, 2003 and December 31, 2002,
respectively.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 19</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 7 &#150; LONG TERM DEBT</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March
2000, the Company, in a private placement, issued $7,000 (seven thousand shares
with a liquidation amount of one thousand dollars per security) of 10.875%
fixed rate trust preferred securities through a newly formed, wholly owned
subsidiary, Guaranty (TX) Capital Trust I (the &#147;Trust I&#148;).&#160; The Trust I invested the total proceeds from
the sale of the TruPS in 10.875% fixed rate Junior Subordinated Deferrable
Interest Debentures (the &#147;Debentures I&#148;) issued by the Company.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
certain exceptions, the amount of the principal and any accrued and unpaid
interest on the Debentures I are subordinated in right of payment to the prior
payment in full of all senior indebtedness of the Company.&#160; The terms of the Debentures I are such that
they qualify as Tier I capital under the Federal Reserve Board&#146;s regulatory
capital guidelines applicable to bank holding companies, subject to limitations.&#160; Interest on the Debentures I is payable
semi-annually on March 8 and September 8 of each year.&#160; The interest is deferrable on a cumulative
basis for up to five consecutive years following a suspension of dividend
payments on all other capital stock.&#160; No
principal payments are due until maturity on March 8, 2030.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On any
March 8 or September 8 on or after March 8, 2010 and prior to maturity, the
Debentures I are redeemable for cash at the option of the Company, on at least
30 but not more than 60 days notice, in whole or in part, at the redemption
prices set forth in the table below, plus accrued interest to the date of
redemption.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>If Redeemed During<BR>
  12 Months Beginning<BR>
  March 8,</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Percentage of<BR>
  Principal<BR>
  Amount</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>If Redeemed During<BR>
  12 Months Beginning<BR>
  March 8,</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Percentage of<BR>
  Principal<BR>
  Amount</B></FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2010</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">105.438%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2016</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">102.175%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2011</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">104.894%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2017</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">101.631%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2012</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">104.350%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2018</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">101.088%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2013</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">103.806%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2019</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">100.544%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2014</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">103.263%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2020 and after</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">100.000%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">2015</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN">102.719%</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="23%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the occurrence of certain special events, the Company will have the right to
call the securities at par at any time with the permission of the Federal
Reserve.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In October
2002, the Company, in a private placement, issued $3,000 (three thousand shares
with a liquidation amount of one thousand dollars per security) of trust
preferred securities through a newly formed, wholly owned subsidiary, Guaranty
(TX) Capital Trust II (&#147;Trust II&#148;).&#160; The
trust preferred securities will pay quarterly distributions on January 30,
April 30, July 30 and October 30 of each year at a fixed rate per annum equal
to 7.94% until October 2012 and a variable rate per annum, reset quarterly,
equal to LIBOR plus 3.35%, thereafter.&#160;
Trust II invested the proceeds from the sale of the trust preferred
securities in Junior Subordinated Deferrable Interest Debentures II (the
&#147;Debentures II&#148;) issued by the Company. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 20</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 7 &#150; LONG TERM DEBT </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
certain exceptions, the amount of the principal and any accrued and unpaid
interest on the Debentures II are subordinated in right of payment to the prior
payment in full of all senior indebtedness of the Company.&#160; The terms of the Debentures II are such that
they qualify as Tier I capital under the Federal Reserve Board&#146;s regulatory
capital guidelines applicable to bank holding companies.&#160; Interest on the Debentures II is payable
quarterly at the same rate as dividends are paid on the trust preferred
securities.&#160; The interest is deferrable
at a cumulative basis for up to five consecutive years following a suspension
of dividend payments on all other capital stock.&#160; No principal payments are due until maturity on October 30, 2032.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On any
interest payment date on or after October 30, 2012 and prior to maturity date,
the Debentures II are redeemable for cash at the option of the Company, on at
least 30 but not more than 60 days notice, in whole or in part, at a redemption
price equal to 100% of the principal amount to be redeemed, plus accrued
interest to the date of redemption.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the
occurrence of certain special events, the Company will have the right to call
the securities at a redemption price equal to 100% of the principal amount to
be redeemed plus accrued interest to the date of redemption.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
redemption is subject to the Company obtaining the prior approval of the
Federal Reserve.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to FIN
No. 46, <I>Consolidation of Variable Interest
Entities</I> (see <I>Recent Accounting
Pronouncements</I>), the Company will no longer consolidate Trust I and
Trust II in its financial statements as of January 1, 2004.&#160; As a result, the Company&#146;s balance sheet
will include $10,310 of subordinated debt, which is currently included on the
balance sheet as $10,000 in long-term debt after a consolidation elimination of
$310.&#160; The overall impact of this
deconsolidation is not expected to be material to the Company&#146;s consolidated
financial statements.&#160; In July 2003, the
Federal Reserve issued a supervisory letter instructing bank holding companies
to continue to include the long-term debt in Tier I capital for regulatory
purposes, subject to specified limits, until notice is given to the contrary.&#160; At this time, it is not possible to estimate
the effect, if any, on the Company&#146;s Tier I regulatory capital as a result of
any future action taken by the Federal Reserve.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 21</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 8 - COMMON STOCK</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary
of issued and outstanding shares of common stock is as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Common<BR>
  Stock<BR>
  Issued</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Treasury<BR>
  Stock</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Common<BR>Stock<BR>
  Outstanding</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance at January 1, 2001</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,250,016</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(205,983</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,044,033
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="59%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(39,605</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(39,605</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance at December 31,
  2001</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,250,016</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(245,588</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,004,428
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="59%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(74,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(74,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="59%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercise of stock options</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance at December 31,
  2002</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,252,016</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(320,088</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,931,928
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="59%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(10,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(10,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance at December 31,
  2003</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,252,016</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(330,088</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,921,928
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="62%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P> <FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 9 &#150;
STOCK OPTIONS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 1998,
the Company&#146;s Board of Directors, with the approval of shareholders, adopted
the 1998 Stock Incentive Plan. Under the provisions of this plan, 1,000,000
shares have been reserved for issuance.&#160;
The plan provides for the grant of nonqualified stock options to certain
officers of the Company at exercise prices equal to the fair market value per
share of the Company&#146;s common stock on the date of the grant. Options granted
under the plan generally expire after eight years and generally vest and become
exercisable in five equal annual installments commencing on the first
anniversary of the date of grant and annually thereafter.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 22</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 9 &#150; STOCK OPTIONS </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary
of activity in the 1998 Stock Incentive Plan follows:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Options Outstanding</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="28%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Shares<BR>
  Available&nbsp;for<BR>
  Future&nbsp;Grants</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Number<BR>
  of&nbsp;Shares</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Weighted-Average<BR>
  Exercise&nbsp;Price</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance, January 1, 2000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Shares reserved for future grants</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,000,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Granted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(89,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">89,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.30
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercised</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Canceled</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance, December 31, 2000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">910,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">89,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Granted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercised</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Canceled</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance, December 31, 2001</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">910,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">89,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.30
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Granted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(20,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.50
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercised</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.30
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Canceled</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.30
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance, December 31, 2002</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">893,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">104,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.91
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Granted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(40,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">40,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15.36
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercised</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="50%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Canceled</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Balance, December 31, 2003</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">853,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">144,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.42
  </FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="53%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
information regarding options outstanding and options exercisable as of
December 31, 2003 is as follows:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="47%">
 <TR>
  <TD WIDTH="19%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Exercise<BR>
  Price</B></FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="21%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Options<BR>
  Outstanding</B></FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Options<BR>
  Exercisable</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="24%" COLSPAN="3" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Weighted-<BR>
  Average<BR>
  Remaining<BR>
  Contractual<BR>
  Life in Years</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="19%" COLSPAN="4" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="21%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="19%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="24%" COLSPAN="3" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9.30</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">84,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">50,700</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.3</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.50</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,000</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6.2</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">15.23</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">38,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7.3</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17.78</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,000</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7.8</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">Total</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">144,500</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">54,700</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.4</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="10%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>




<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 23</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY
BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 9 &#150; STOCK OPTIONS </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with a new accounting standard,<I>
SFAS No. 148, &#147;Accounting for Stock-Based Compensation &#150; Transition and
Disclosure, an Amendment of FASB Statement No. 123,&#148;</I> the Company
transitioned to the fair value method of accounting for stock-based
compensation during 2002 using the modified prospective method prescribed by
the standard.&#160; Under the modified
prospective method, the Company began recognizing stock-based employee
compensation expense from the beginning of 2002 as if the fair value method had
been used to account for all employee awards granted, modified, or settled in
fiscal years beginning after December 15, 1994. The fair value of options
granted is determined using the Black-Scholes option valuation model.
Stock-based employee compensation expense totaled approximately $76 and $49 in
2003 and 2002, respectively. Under the modified prospective method, no
stock-based employee compensation expense is recognized for prior periods. </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The weighted-average fair value of options
granted in 2003, 2002 and 2001 was $4.22, $4.09 and $2.03 per option,
respectively. Fair values of options are estimated at the date of grant using
the Black-Scholes option pricing model with the following weighted-average
assumptions for 2003, 2002 and 2001:&#160;
risk-free interest rates of 3.20%, 5.00% and 6.42%; market price
volatility factors of 0.26%, 0.29% and 0.08%; a weighted-average expected life
of the options of 8 years; and dividend yields of 1.97%, 2.24% and 2.59%.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to
2002, stock-based compensation expense under stock option plans was reported
only if options were granted below market price at grant date in accordance
with the intrinsic value method of Accounting Principles Board (APB) Opinion
No.&nbsp;25.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following pro forma information presents net earnings and earnings per common
share for 2001 had the fair value method been used to measure compensation cost
for stock-based compensation plans. For purposes of these pro forma
disclosures, the estimated fair value of the options is amortized to expense
over the related vesting periods.</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="63%">
 <TR>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="86%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings, as reported</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Stock-based employee compensation expense, net of tax</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(23</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Pro forma net earnings</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,267
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings per share - basic and diluted:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">As reported</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.09
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Pro forma</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.08
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 24</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY
BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 10 &#150; EMPLOYEE BENEFITS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
maintains an Employee Stock Ownership Plan containing Section 401(k) provisions
covering substantially all employees.&#160;
The plan provides for a matching contribution of up to 4% of qualified
compensation.&#160; Total contributions
accrued or paid for 2003, 2002 and 2001 totaled $410, $462 and&#160; $390, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
maintains a non-qualified, non-contributory &#147;Supplemental Retirement
Plan.&#148;&#160; The plan covers an executive
officer to provide benefits equal to amounts payable under the Company&#146;s
retirement plan and certain social security benefits to aggregate a
predetermined percentage of the final five-year average salary.&#160; The plan is non-funded.&#160; Amounts accrued or paid for 2003, 2002 and
2001 totaled $9, $11 and $13, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
established a non-qualified, non-contributory, &#147;Salary Continuation Plan&#148; in
1998.&#160; The plan covers an executive
officer to provide benefits equal to an amount which represents approximately
75% of projected compensation at retirement as adjusted for amounts payable
under the Company&#146;s retirement plan and certain social security benefits.&#160; This plan is non-funded.&#160; Amounts accrued for 2003, 2002 and 2001 totaled
$127, $116 and $111, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 1998
the Company established a non-qualified, non-contributory, &#147;Executive Incentive
Retirement Plan.&#148;&#160; The plan covers a
selected group of key personnel to provide benefits equal to amounts computed
under an &#147;award criteria&#148; at various targeted salary levels as adjusted for
annual earnings performance of the Company.&#160;
Amounts accrued for 2003, 2002 and 2001 totaled $51, $50 and $35,
respectively.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
has a bonus plan that provides guidelines whereby officers and employees can
earn bonus compensation based on the profitability of the Company.&#160; The bonus amounts are determined based on
the Company&#146;s achievement of certain percentages of return on equity
targets.&#160; This plan is approved and
adopted annually by the Board of Directors of the Company at the first board
meeting of the year.&#160; The bonus pool
under this plan for 2003, 2002 and 2001 totaled $597, $874 and $679,
respectively.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 25</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 11 - INCOME TAXES</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The sources
of year-end gross deferred income tax assets and liabilities were as follows:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="91%">
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deferred tax assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Allowance for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,094</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">995</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deferred Compensation</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">291</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">240</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">43</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">17</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="75%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total deferred tax asset</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,428</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,252</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>

 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>


 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deferred tax liabilities:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Security basis</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(116</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(94</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Unrealized gain on available-for-sale securities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(239</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(689</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Depreciation</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,291</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,128</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Leasing transactions</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,714</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,187</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deferred loan costs, net</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(398</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(399</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="78%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(69</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(62</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="75%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total deferred tax liability</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,827</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,559</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="75%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net deferred tax liability</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,399</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,307</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="81%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=20></TD>
  <TD WIDTH=20></TD>
  <TD WIDTH=495></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=10></TD>
  <TD WIDTH=38></TD>
  <TD WIDTH=12></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=38></TD>
  <TD WIDTH=6></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A reconciliation of the Company's effective income tax rate and the statutory
federal income tax rate for each reported period is as follows:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Statutory federal income
  tax rate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">34.00</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">34.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">34.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tax exempt income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(0.37</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(2.76</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3.68</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Recognition of benefit on
  lease and AFT transactions</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(6.68</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(7.40</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1.18</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other, net</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1.16</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.53</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2.25</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Effective income tax rate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28.11</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24.37</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">31.39</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="74%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranty
Leasing Company is a substantial partner in various complex equipment leasing
transactions primarily originated in 1992, 1994 and 1995 involving leveraged
leases.&#160; In November 1998, Guaranty
Leasing was informed by the Internal Revenue Service (the &#147;Service&#148;) that it
has taken the position that certain losses taken by one of the three
Partnerships during 1994, 1995 and 1996 of $302, $410, and $447, respectively,
would be disallowed.&#160; In October 2001,
the Service informed Guaranty Leasing that it has taken the position that
certain losses taken by that Partnership during 1997 of $487 would also be
disallowed.&#160; In September 2002, the
Company received from the Service a Notice of Final Partnership Administrative
Adjustment (&#147;FPAA&#148;) disallowing these deductions.&#160; Based upon the advice of counsel, the Company believes that it
has correctly reported these transactions for tax purposes and that it has
obtained appropriate legal, accounting and appraisal opinions and authority to
support its positions.&#160; The Company
recorded and expensed the tax affect of the disallowed deductions in 2002.&#160; On February 3, 2003, the Company filed a
petition to begin the process to litigate the matter in the United States
District Court for the Eastern District of Texas the (the &#147;Texas Court&#148;).&#160; On August 5, 2003 the Texas Court issued a
Docket Control Order establishing a court timeline and a final Pretrial
Conference for April 5, 2004.&#160; On October
17, 2003 the Government filed a Motion to Transfer Venue from the Texas Court
to the United States District Court for the Eastern District for Virginia, the
(the &#147;Virginia Court&#148;).&#160; On November 25,
2003 the Government filed a Motion to Stay Proceedings.&#160; On December 18, 2003 the Texas Court issued
an Order to Stay Proceedings pending the Court&#146;s ruling on the Government&#146;s
Motion to Transfer Venue.&#160; Any final
determination with respect to the Partnership will be binding on the
Company.&#160; In addition to the ongoing
litigation regarding the Partnership, the Service is in the process of
examining the tax deductions taken for the other two Partnerships.&#160; </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 26</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 11 - INCOME TAXES </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">No FPAA has been made regarding the disallowance of similar deductions
for these two Partnerships.&#160; Should the
Service ultimately disallow the related tax deductions taken during the
remaining years of the Partnership that is the subject of the FPAA as well as
the other two Partnerships, the Company will be required to recognize an
additional maximum tax liability of approximately $3,900 plus possible penalty
and interest.&#160; The Company is actively
contesting the position of the Service in connection with this matter, and will
take appropriate steps necessary to protect its legal position.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 12 &#150; NONINTEREST INCOME AND NONINTEREST
EXPENSE</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
operating income consisted of the following:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="29%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="29%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fee income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">925</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">863</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">668
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Fiduciary income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">178</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">163</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">136
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings from key-man life
  insurance</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">251</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">236</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">204
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of loans</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">586</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">272</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">98
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of assets</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">97</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">36
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on sale of other real
  estate</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">32</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">176
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Income (loss) from
  investment in AFT</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(60</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">140
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Impairment of investment
  in AFT</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(113</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,500</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Gain on settlement of
  litigation</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,000
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other noninterest income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">81</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">76</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">149
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,880</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,719</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,107
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disregarding
the Company&#146;s one time gain on settlement of litigation of $3,000 in 2001 and
impairment charges from its AFT investment of $113 in 2003 and $1,500 in 2001,
the Company&#146;s recurring noninterest income was $1,993, $1,719 and $1,607 in
2003, 2002, and 2001, respectively.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain
on the settlement of litigation represents the amount received in January 2002
in connection with the November 2001 settlement and concurrent transfer of the
Company&#146;s rights to certain intangible assets.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
2000, Guaranty Leasing acquired a 2.5% ownership interest in AFT for
approximately $2,800.&#160; The AFT ownership
interest is classified as an Other Asset on the Company's balance sheet.&#160; As of December 31, 2003 and 2002, the book
value of the AFT ownership interest was $1,404 and $1,577, respectively.&#160; </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During the third quarter of 2001, AFT recorded an impairment charge of $18,158
related to two airplanes.&#160; In addition,
management received indications the appraised value of AFT&#146;s fleet of airplanes
had declined approximately 9% from their value the past year.&#160; Based on these factors, the limited
marketability of the investment, the uncertainty surrounding the air transport
industry and general economic conditions, management believed that the value of
its investment in AFT was permanently impaired.&#160; During the fourth quarter of 2001, on belief that the Company's
investment in AFT was impaired by declines in air travel and reduced demand for
commercial aircraft, an impairment charge of $1,500 was recorded and the
carrying amount of the investment was reduced to $1,577.&#160; During the second quarter 2003, on belief
that the Company&#146;s investment in AFT had been further impaired, an impairment
charge of $113 was recorded. </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 27</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 12 &#150; NONINTEREST INCOME AND NONINTEREST
EXPENSE </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
operating expense consisted of the following:</FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="85%">
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="29%" COLSPAN="8" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Years Ended December 31,</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="29%" COLSPAN="8" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Legal and professional
  fees</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,168</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">933</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">864
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Director and committee
  fees</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">560</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">534</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">412
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Advertising</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">284</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">310</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">278
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">ATM and debit card expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">363</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">317</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">279
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Office and computer
  supplies</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">301</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">265</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">429
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Postage</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">211</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">187</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">180
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Phone expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">252</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">194</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">188
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,308</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,249</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,396
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,447</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,989</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,026
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="66%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P>
<FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 13 &#150;
COMMITMENTS AND CONTINGENCIES </B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
normal course of business, the Company enters into various transactions, which,
in accordance with generally accepted accounting principles, are not included
in the consolidated balance sheets.&#160;
These transactions are referred to as &#147;off-balance sheet
commitments.&#148;&#160; The Company enters into
these transactions to meet the financing needs of its customers.&#160; These transactions include commitments to
extend credit and letters of credit, which involve elements of credit risk in
excess of the amounts recognized in the consolidated balance sheets.&#160; The Company minimizes its exposure to loss
under these commitments by subjecting them to credit approval and monitoring
procedures.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
enters into contractual commitments to extend credit, normally with fixed
expiration dates or termination clauses, at specified rates and for specific
purposes.&#160; Customers use credit
commitments to ensure that funds will be available for working capital
purposes, for capital expenditures and to ensure access to funds at specified
terms and conditions.&#160; Substantially all
of the Company&#146;s commitments to extend credit are contingent upon customers
maintaining specific credit standards at the time of loan funding.&#160; Management assesses the credit risk
associated with certain commitments to extend credit in determining the level
of the allowance for credit losses.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Letters of
credit are written conditional commitments issued by the Company to guarantee
the performance of a customer to a third party.&#160; The Company&#146;s policies generally require that letters of credit
arrangements contain security and debt covenants similar to those contained in
loan agreements.&#160; In the event the
customer does not perform in accordance with the terms of the agreement with
the third party, the Company would be required to fund the commitment.&#160; The maximum potential amount of future
payments the Company could be required to make is represented by the
contractual amount shown in the table below.&#160;
If the commitment were funded, the Company would be entitled to seek
recovery from the customer.&#160; As of
December 31, 2003 and 2002, no amounts have been recorded as liabilities for
the Bank&#146;s potential obligations under these guarantees.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitments
and letters of credit outstanding at year-end were as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="60%">
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="30%" COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Contract&nbsp;or<BR>Notional&nbsp;Amount</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="30%" COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="13%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="13%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Commitments to extend
  credit</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">23,878</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">27,838
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="64%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Letters of credit</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,491</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="11%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,140
  </FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER>
<FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 28</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 13 &#150; COMMITMENTS AND CONTINGENCIES </B>(Continued)</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
is involved in certain claims and lawsuits occurring in the normal course of
business.&#160; Management, after
consultation with legal counsel, does not believe that the outcome of these
actions, if determined adversely, would have a material impact on the
consolidated financial statements of the Company.&#160; (See Note 11)</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 14 &#150; CONCENTRATIONS OF CREDIT RISK</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Most of the
Company&#146;s business activity is with customers located within the state.&#160; Investments in state and municipal
securities involve governmental entities within the Company&#146;s market area.&#160; The Company also maintains deposits with
other financial institutions in amounts that exceed FDIC insurance
coverage.&#160; The Company has not
experienced any losses in such accounts and believes it is not exposed to any
significant credit risk on cash and cash equivalents.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 15 - REGULATORY MATTERS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banks and
bank holding companies are subject to various regulatory capital requirements
administered by state and federal banking agencies. Capital adequacy guidelines
and, additionally for banks, prompt corrective action regulations involve
quantitative measures of assets, liabilities, and certain off-balance-sheet
items calculated under regulatory accounting practices. Capital amounts and
classifications are also subject to qualitative judgments by regulators about
components, risk weighting, and other factors. Failure to meet minimum capital
requirements can initiate regulatory action. Management believes, as of
December 31, 2003 and 2002, that the Company and the Bank meet all capital adequacy
requirements to which they are subject.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 29</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 15 - REGULATORY MATTERS </B>(Continued)</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the consolidated and bank only actual capital levels
in addition to the requirements under prompt corrective action regulations.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Actual</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>For&nbsp;Capital<BR>
  Adequacy<BR>
  Purposes</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="15%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>To&nbsp;Be&nbsp;Well<BR>
  Capitalized&nbsp;Under<BR>
  Prompt&nbsp;Corrective<BR>
  Action&nbsp;Provisions</B></FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="16%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="14%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="15%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Ratio</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Ratio</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Amount</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Ratio</B></FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December
  31, 2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total capital to risk-weighted assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47,552</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.18</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,859</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">46,057</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.81</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,767</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">35,958</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tier 1 capital to risk-weighted assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">43,646</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.10</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,429</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,151</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.72</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,383</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21,575</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tier 1 capital to average assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">43,646</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.32</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,987</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,151</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.05</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,943</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">26,179</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="46%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>December
  31, 2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total capital to risk-weighted assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">45,997</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">13.12</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,041</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">43,248</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.21</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">28,330</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">35,412</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tier 1 capital to risk-weighted assets</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,305</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12.06</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,021</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">39,556</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">11.17</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14,165</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">21,247</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="41%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Tier 1 capital to average assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Consolidated</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,305</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.62</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">19,625</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">n/a</FONT></P>  </TD>
  <TD WIDTH="1%" COLSPAN="2" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="39%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Bank</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">39,556</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8.08</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">19,583</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4.00</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">24,479</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5.00</FONT></P>  </TD>
  <TD WIDTH="2%" COLSPAN="2" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">%</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=34></TD>
  <TD WIDTH=17></TD>
  <TD WIDTH=285></TD>
  <TD WIDTH=13></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=51></TD>
  <TD WIDTH=13></TD>
  <TD WIDTH=51></TD>
  <TD WIDTH=14></TD>
  <TD WIDTH=6></TD>
  <TD WIDTH=44></TD>
  <TD WIDTH=10></TD>
  <TD WIDTH=42></TD>
  <TD WIDTH=14></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=51></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=46></TD>
  <TD WIDTH=5></TD>
  <TD WIDTH=2></TD>
 </TR>
</TABLE>

<P> <FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December 31, 2003 and 2002, the Bank met the level of capital required to be
categorized as well capitalized under prompt corrective action
regulations.&#160; The deconsolidation of
trust preferred securities is required on January 1, 2004.&#160; The overall impact of this deconsolidation
is not expected to be material to the Company&#146;s consolidated financial statements.&#160; In July 2003, the Federal Reserve issued a
supervisory letter instructing bank holding companies to continue to include
the long-term debt in Tier I capital for regulatory purposes, subject to
specified limits, until notice is given to the contrary.&#160; At this time, it is not possible to estimate
the effect, if any, on the Company&#146;s Tier I regulatory capital as a result of
any future action taken by the Federal Reserve. (See Note 7) </FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Bank is
a state-charted banking association whose deposits are insured by the FDIC and
therefore is subject to regulation, supervision and examination by the Texas
Department of Banking and the FDIC.&#160;
Because the Federal Reserve Bank (&#147;FRB&#148;) regulates the bank holding company
parent of the Bank, the FRB also has supervisory authority that directly
affects the Bank.&#160; In addition, upon
making certain determinations with respect to the condition of any insured
bank, such as the Bank, the FDIC may begin proceedings to terminate a bank&#146;s
federal deposit insurance.</FONT></P>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends
paid by the Company are mainly provided by dividends from its
subsidiaries.&#160; However, certain
restrictions exist regarding the ability of its bank subsidiary to transfer
funds to the Company in the form of cash dividends, loans or advances.&#160; These guidelines do not currently restrict
the Bank from paying normal dividends to the Company. </FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 30</FONT></P>

<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY
BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 16 - FAIR VALUES OF FINANCIAL
INSTRUMENTS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">The
estimated fair value approximates carrying value for financial instruments
except those described below:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>Securities</U>:
  Fair values for securities are based on quoted market prices or dealer
  quotes.&#160; If a quoted market price is
  not available, fair value is estimated using quoted market prices for similar
  instruments.</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>Loans</U>:
  The fair value of fixed-rate loans and variable-rate loans which reprice on
  an infrequent basis is estimated by discounting future cash flows using the
  current interest rates at which similar loans with similar terms would be
  made to borrowers of similar credit quality.</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>Deposits</U>:
  The fair value of deposit liabilities with defined maturities and long-term
  debt is estimated by discounting future cash flows using the interest rates
  currently offered for deposits or similar borrowings of similar remaining
  maturities.</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>FHLB
  Advances and Long-Term Debt:</U>&#160; The fair value of borrowings is estimated
  by discounting future cash flows using currently available rates for similar
  financing.</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="4%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>Off-Balance-Sheet
  Instruments</U>: The fair values of these items are not
  material and are therefore not included on the following schedule.</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
estimated year-end fair values of financial instruments are detailed in the
following table.&#160; The fair value of
financial instruments is defined as the amount at which the instrument could be
exchanged in a current transaction between willing parties, other than in a
forced or liquidation sale.</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="18%" COLSPAN="7" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="18%" COLSPAN="7" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="18%" COLSPAN="7" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="18%" COLSPAN="7" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Carrying<BR>
  Amount</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Estimated<BR>
  Fair&nbsp;Value</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Carrying<BR>
  Amount</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="4" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Estimated<BR>
  Fair&nbsp;Value</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="4" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Financial assets:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash and cash equivalents</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,816</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">20,816</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18,244</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">18,244
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Time deposits</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,776</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,801</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Federal funds sold</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,530</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,530
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Securities available for sale</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">99,614</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">99,614</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">106,992</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">106,992
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans held for sale</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,244</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,244</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,727</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">5,727
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Loans, net</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">360,364</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">359,921</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">356,196</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">356,968
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Accrued interest receivable</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,638</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,638</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,002</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,002
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="59%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Financial liabilities:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Deposits</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">407,847</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">403,407</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">424,950</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">426,481
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Federal funds purchased</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,295</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,295</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">FHLB advances</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">50,417</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">51,932</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,763</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">44,287
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Long-term debt</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,181</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">12,505
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="56%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Accrued interest payable</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">828</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">828</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,150</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,150
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
these estimates of fair value are based on management&#146;s judgment of appropriate
factors, there is no assurance that, were the Company to have disposed of such
items at December 31, 2003 and 2002, the estimated fair values would
necessarily have been achieved at those dates, since market values may differ
depending on various circumstances.&#160; The
estimated fair values at December 31, 2003 and 2002 should not necessarily be
considered to apply at subsequent dates.</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 31</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 16 - FAIR VALUES OF FINANCIAL
INSTRUMENTS </B>(Continued)</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, other assets, such as property and equipment, and liabilities of the
Company that are not defined as financial instruments are not included in the
above disclosures.&#160; Also, nonfinancial
instruments typically not recognized in financial statements nevertheless may
have value but are not included in the above disclosures.&#160; These include, among other items, the
estimated earning power of core deposit accounts, the trained work force, customer
goodwill and similar items.</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 17 &#150; PARENT COMPANY ONLY CONDENSED
FINANCIAL STATEMENTS</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Condensed
financial information of the Company is as follows:</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Condensed Balance Sheets<BR>
December 31, 2003 and 2002</B></FONT></P>










<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Assets</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash and cash equivalents</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,244
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Investment in subsidiaries</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">45,266</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">42,208
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash surrender value of life insurance</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">954</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">896
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Premises and equipment, net</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">14</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">23
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other assets</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">187</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">203
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47,681</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">45,574
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>


 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Liabilities
  and Shareholders&#146; Equity</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Other liabilities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">923</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">620
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Long-term debt</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,310</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">10,310
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="79%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Shareholders&#146; equity</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">36,448</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">34,644
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR BGCOLOR="AQUA">
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">47,681</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM >
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">45,574
  </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM >
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="82%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Condensed
Statements of Earnings<BR>
Years ended December 31, 2003, 2002 and 2001</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Operating
  income</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="74%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dividends from subsidiaries</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,200</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,100</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">250
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Costs and expenses</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="74%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,001</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">796</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">772
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="74%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">General and administrative</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">440</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">369</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">279
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Total costs and expenses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,441</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,165</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,051
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings before income tax</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(241</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">935</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(801</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Provision
  for income taxes</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(153</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Earnings
  before equity in undistributed earnings of subsidiaries</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(88</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">935</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(801</FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="74%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity in undistributed earnings of subsidiaries</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,932</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,442</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,091
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net
  earnings</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,844</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,377</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290
  </FONT></P>  </TD>
  <TD WIDTH="0%" VALIGN=TOP BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="76%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="4%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="0%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=18></TD>
  <TD WIDTH=24></TD>
  <TD WIDTH=511></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=7></TD>
  <TD WIDTH=37></TD>
  <TD WIDTH=13></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=36></TD>
  <TD WIDTH=10></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=34></TD>
  <TD WIDTH=7></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 32</FONT></P><HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 17 &#150; PARENT COMPANY ONLY CONDENSED
FINANCIAL STATEMENTS</B> (Continued)</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Condensed Statements of Cash Flows<BR>
Years ended December 31, 2003, 2002 and 2001</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>2001</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from operating activities</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,844</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,377</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,290 </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Adjustments to reconcile net earnings to
  net cash from<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;operating activities:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Equity in undistributed earnings of
  subsidiaries</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,932</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(3,442</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(4,091</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Depreciation and amortization</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">9</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">8 </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net change in other assets</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(42</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(129</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">294 </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net change in other liabilities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">303</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">138</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(14</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="70%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Stock-based compensation expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">76</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">49</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="7%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="67%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net cash provided by (used in) operating
  activities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">258</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,002</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(513</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from
  investing activities</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchases of premises and equipment</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(29</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="7%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net cash used in investing activities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(29</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash flows from financing activities</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Purchase of treasury stock</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(161</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,167</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(433</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Proceeds from issuance of trust preferred
  securities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,000</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Exercise of stock options</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">19</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">-</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="73%" COLSPAN="3" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Cash dividends paid</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,081</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(951</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(841</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="7%" COLSPAN="3" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="67%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net cash (used in) provided by financing
  activities</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,242</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">901</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,274</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Net change in cash and cash equivalents</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(984</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,874</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">(1,787</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">)</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash and cash equivalents at beginning of year</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,244</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">370</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,157 </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Cash and cash equivalents at end of year</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,260</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,244</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">370 </FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="75%" COLSPAN="4" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>  <TD WIDTH=17></TD>
  <TD WIDTH=20></TD>
  <TD WIDTH=19></TD>
  <TD WIDTH=489></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=39></TD>
  <TD WIDTH=11></TD>
  <TD WIDTH=8></TD>
  <TD WIDTH=37></TD>
  <TD WIDTH=12></TD>
  <TD WIDTH=9></TD>
  <TD WIDTH=37></TD>
  <TD WIDTH=7></TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">F- 33</FONT></P>
<HR STYLE="MARGIN-TOP: -2PX" NOSHADE SIZE=1>
<HR STYLE="MARGIN-TOP: -10PX" NOSHADE SIZE=4>
<PAGE>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>GUARANTY BANCSHARES, INC.<BR>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<BR>
December 31, 2003, 2002 and 2001<BR>
(Dollars in thousands, except per share amounts)</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>NOTE 18 - QUARTERLY FINANCIAL DATA -
UNAUDITED</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Condensed
quarterly results of operations for the years ended December 31, 2003 and 2002
were as follows:</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Year ended December 31, 2003</B></FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>QUARTER ENDED 2003</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(unaudited)</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Dec.&nbsp;31</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Sept.&nbsp;30</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>June&nbsp;30</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>March&nbsp;31</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="37%" COLSPAN="11" VALIGN=BOTTOM NOWRAP>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share
  data</B><B>)</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,799</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">6,722</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,001</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,042</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest
  expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,229</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,413</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,771</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,829</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,570</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,309</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,230</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,213</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision
  for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">300</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">250</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">150</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">375</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest
  income after provision for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,270</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,059</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,080</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,838</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,155</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,209</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,187</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,386</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest
  expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,918</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,963</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,004</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,952</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings
  before taxes</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,507</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,305</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,263</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,272</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision
  for income tax expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">418</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">370</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">478</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">237</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,089</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">935</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">785</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,035</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="60%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings per
  common share:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Basic</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.37</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.32</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.27</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.36</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="57%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Diluted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="6%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.37</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.31</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.27</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.35</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>Year
ended December 31, 2002</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="40%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>QUARTER ENDED 2002</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="40%" COLSPAN="11" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="40%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(unaudited</B><B>)</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Dec.&nbsp;31</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>Sept.&nbsp;30</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>June&nbsp;30</B></FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>March&nbsp;31</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="9%" COLSPAN="2" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="40%" COLSPAN="11" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2   FACE="TIMES NEW ROMAN"><B>(Dollars in thousands, except per share
  data</B><B>)</B></FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,324</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,357</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,194</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">7,080</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Interest
  expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">2,972</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,061</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,099</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,140</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,352</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,296</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,095</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,940</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision
  for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">225</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">335</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">450</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">250</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net interest
  income after provision for loan losses</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">4,127</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,961</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,645</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,690</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest
  income</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,320</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,227</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,475</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,034</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Noninterest
  expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,945</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,683</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,574</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">3,490</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings
  before taxes</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,502</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,505</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,546</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,234</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Provision
  for income tax expense</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">292</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">413</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">453</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">252</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Net earnings</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,210</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,092</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">1,093</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">982</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>


  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" COLSPAN="2" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Earnings per
  common share:</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="53%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Basic</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.41</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.36</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.36</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.33</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="3%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="53%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Diluted</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.40</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.36</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.36</FONT></P>  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">$</FONT></P>  </TD>
  <TD WIDTH="7%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P ALIGN=RIGHT><FONT SIZE=2   FACE="TIMES NEW ROMAN">0.33</FONT></P>  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM BGCOLOR="AQUA">
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
</TABLE>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>4
<FILENAME>d14201_ex21.htm
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT 21</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty Bancshares, Inc.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>Name of
  Subsidiary</U></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN"><U>State of
  Incorporation</U></FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty Financial
  Corp., Inc. <SUP>(1)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Delaware </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  (TX) Capital Trust I <SUP>(1)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Delaware </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  (TX) Capital Trust II <SUP>(1)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Delaware </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  Bond Bank <SUP>(2)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  Leasing Company <SUP>(3)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Guaranty
  Company Inc. <SUP>(3)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">G. B. Com,
  Inc.<SUP> (3)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">BSC
  Securities, L.C.<SUP>(3)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="56%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Independent
  Bank Services, L.C.<SUP> (3)</SUP></FONT></P>  </TD>
  <TD WIDTH="43%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Texas </FONT></P>  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">(1)&#160; Subsidiary of Guaranty Bancshares, Inc.<BR>
(2)&#160; Subsidiary of Guaranty Financial
Corp., Inc.<BR>
(3)&#160; Subsidiary of Guaranty Bond Bank</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">49</FONT></P>


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<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>d14201_ex23.htm
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT 23</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">GUARANTY BANCSHARES, INC.<BR>
CONSENT OF McGLADREY &amp; PULLEN, LLP</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">INDEPENDENT AUDITOR&#146;S CONSENT</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">We consent to the incorporation by reference in the Registration
Statement No. 333-77783 of Guaranty Bancshares, Inc. on Form S-8 of our report,
dated January 16, 2004 appearing in this Annual Report on Form 10-K of Guaranty
Bancshares, Inc. for the year ended December&nbsp;31, 2003.</FONT></P>
<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN">/s/ McGLADREY &amp; PULLEN LLP</FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dallas, Texas<BR>
March 15, 2004</FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">50</FONT></P>

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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>6
<FILENAME>d14201_ex31-1.htm
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT
31.1</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>CERTIFICATION OF CHIEF EXECUTIVE OFFICER<BR>
OF GUARANTY BANCSHARES, INC.<BR>
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">I, Arthur B. Scharlach, Jr., certify that:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I
  have reviewed this annual report on Form 10-K of Guaranty Bancshares, Inc.;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not
  contain any untrue statement of a material fact or omit to state a material
  fact necessary to make the statements made, in light of the circumstances
  under which such statements were made, not misleading with respect to the
  period covered by this report; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial
  statements, and other financial information included in this report, fairly
  present in all material respects the financial condition, results of
  operations and cash flows of the registrant as of, and for, the periods presented
  in this report; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer and I
  are responsible for establishing and maintaining disclosure controls and
  procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
  registrant and we have: </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed
  such disclosure controls and procedures, or caused such disclosure controls
  and procedures to be designed under our supervision, to ensure that material
  information relating to the registrant, including its consolidated subsidiaries,
  is made known to us by others within those entities, particularly during the
  period in which this report is being prepared; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated
  the effectiveness of the registrant&#146;s disclosure controls and procedures and
  presented in this report our conclusions about the effectiveness of the
  disclosure controls and procedures, as of the end of the period covered by
  this report based on such evaluation; and </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed
  in this report any change in the registrant&#146;s internal control over financial
  reporting that occurred during the registrant&#146;s most recent fiscal quarter
  that has materially affected, or is reasonably likely to materially affect,
  the registrant&#146;s internal control over financial reporting; and</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  registrant&#146;s other certifying officer and I have disclosed, based on our most
  recent evaluation of internal control over financial reporting, to the
  registrant&#146;s auditors and the audit committee of the registrant&#146;s board of
  directors (or persons performing the equivalent functions):</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
  significant deficiencies and material weaknesses in the design or operation
  of internal control over financial reporting which are reasonably likely to
  adversely affect the registrant&#146;s ability to record, process, summarize and
  report financial information; and </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
  fraud, whether or not material, that involves management or other employees
  who have a significant role in the registrant&#146;s internal control over
  financial reporting.</FONT></P>  </TD>
 </TR>
</TABLE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT   SIZE=2 FACE="TIMES NEW ROMAN">Date: March 15, 2004</FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By:</FONT></P>  </TD>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">/s/ <B>Arthur B. Scharlach, Jr.</B></FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="50%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur
  B. Scharlach, Jr.</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="50%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President
  and Chief Executive Officer</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">51</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>7
<FILENAME>d14201_ex31-2.htm
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT
31.2</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>CERTIFICATION OF CHIEF FINANCIAL OFFICER<BR>
OF GUARANTY BANCSHARES, INC.<BR>
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">I, Clifton A. Payne, certify that:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I
  have reviewed this annual report on Form 10-K of Guaranty Bancshares, Inc.;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
  on my knowledge, this report does not contain any untrue statement of a
  material fact or omit to state a material fact necessary to make the
  statements made, in light of the circumstances under which such statements
  were made, not misleading with respect to the period covered by this report; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
  on my knowledge, the financial statements, and other financial information
  included in this report, fairly present in all material respects the
  financial condition, results of operations and cash flows of the registrant
  as of, and for, the periods presented in this report; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  registrant&#146;s other certifying officer and I are responsible for establishing
  and maintaining disclosure controls and procedures (as defined in Exchange
  Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have: </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed
  such disclosure controls and procedures, or caused such disclosure controls
  and procedures to be designed under our supervision, to ensure that material
  information relating to the registrant, including its consolidated
  subsidiaries, is made known to us by others within those entities,
  particularly during the period in which this report is being prepared; </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated
  the effectiveness of the registrant&#146;s disclosure controls and procedures and
  presented in this report our conclusions about the effectiveness of the
  disclosure controls and procedures, as of the end of the period covered by
  this report based on such evaluation; and </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed
  in this report any change in the registrant&#146;s internal control over financial
  reporting that occurred during the registrant&#146;s most recent fiscal quarter
  that has materially affected, or is reasonably likely to materially affect,
  the registrant&#146;s internal control over financial reporting; and</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  registrant&#146;s other certifying officer and I have disclosed, based on our most
  recent evaluation of internal control over financial reporting, to the
  registrant&#146;s auditors and the audit committee of the registrant&#146;s board of
  directors (or persons performing the equivalent functions): </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
  significant deficiencies and material weaknesses in the design or operation
  of internal control over financial reporting which are reasonably likely to
  adversely affect the registrant&#146;s ability to record, process, summarize and
  report financial information; and </FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
  fraud, whether or not material, that involves management or other employees
  who have a significant role in the registrant&#146;s internal control over
  financial reporting.</FONT></P>  </TD>
 </TR>
</TABLE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT   SIZE=2 FACE="TIMES NEW ROMAN">Date: March 15, 2004</FONT></P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By:&nbsp;&nbsp;/s/
  <B>Clifton A. Payne</B></FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="47%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="30%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


  </TD>
  <TD WIDTH="19%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="50%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="49%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Clifton A.
  Payne<BR>
  Senior Vice President and Chief<BR>
  Financial Officer</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">52</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>8
<FILENAME>d14201_ex32-1.htm
<TEXT>
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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT 32.1</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>CERTIFICATION OF CHIEF EXECUTIVE OFFICER<BR>
OF GUARANTY BANCSHARES, INC.<BR>
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">I, Arthur B. Scharlach, Jr., President and Chief Executive Officer of
Guaranty Bancshares, Inc. (the &#147;Company&#148;), hereby certify, pursuant to Section
906 of the Sarbanes-Oxley Act of 2002 and in connection with this Annual Report
on Form 10-K of the Company for the period ending December 31, 2003 as filed
with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),
that:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the Report
  fully complies with the requirements of Section 13(a) and 15(d) of the
  Securities Exchange Act of 1934, as amended, and</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the
  information contained in the Report fairly presents, in all material
  respects, the Company&#146;s financial condition and results of operations.</FONT></P>  </TD>
 </TR>
</TABLE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By:&#160; /s/&#160;
  <B>Arthur B. Scharlach, Jr.</B></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="27%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=RIGHT>


  </TD>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Arthur B.
  Scharlach, Jr.<BR>
  President and Chief Executive Officer</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dated: March
  15, 2004</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">53</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>9
<FILENAME>d14201_ex32-2.htm
<TEXT>
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</HEAD>

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<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>EXHIBIT 32.2</B></FONT></P>
<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN"><B>CERTIFICATION OF CHIEF FINANCIAL OFFICER<BR>
OF GUARANTY BANCSHARES, INC.<BR>
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></FONT></P>
<P><FONT SIZE=2 FACE="TIMES NEW ROMAN">I, Clifton A. Payne, Senior Vice President and Chief Financial Officer
of Guaranty Bancshares, Inc. (the &#147;Company&#148;), hereby certify, pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 and in connection with this
Annual Report on Form 10-K of the Company for the period ending December 31,
2003 as filed with the Securities and Exchange Commission on the date hereof
(the &#147;Report&#148;), that:</FONT></P>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">1.</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the Report
  fully complies with the requirements of Section 13(a) and 15(d) of the
  Securities Exchange Act of 1934, as amended, and</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">2.</FONT></P>  </TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">the
  information contained in the Report fairly presents, in all material
  respects, the Company&#146;s financial condition and results of operations.</FONT></P>  </TD>
 </TR>
</TABLE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">By:&nbsp;&nbsp;/s/&#160; <B>Clifton
  A. Payne</B></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD WIDTH="27%" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=RIGHT>


  </TD>
  <TD WIDTH="72%" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Clifton A.
  Payne<BR>
  Sr. Vice President and Chief Financial Officer</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>  </TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="2" VALIGN=BOTTOM>
  <P><FONT SIZE=2 FACE="TIMES NEW ROMAN">Dated: March
  15, 2004</FONT></P>  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN">54</FONT></P>

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