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<SEC-DOCUMENT>0000939057-03-000120.txt : 20030424
<SEC-HEADER>0000939057-03-000120.hdr.sgml : 20030424
<ACCEPTANCE-DATETIME>20030424125933
ACCESSION NUMBER:		0000939057-03-000120
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030424
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROVIDENT FINANCIAL HOLDINGS INC
		CENTRAL INDEX KEY:			0001010470
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				330704889
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28304
		FILM NUMBER:		03661749

	BUSINESS ADDRESS:	
		STREET 1:		3756 CENTRAL AVE
		CITY:			RIVERSIDE
		STATE:			CA
		ZIP:			92506
		BUSINESS PHONE:		9096866060

	MAIL ADDRESS:	
		STREET 1:		3756 CENTRAL AVENUE
		CITY:			RIVERSIDE
		STATE:			CA
		ZIP:			92506
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nr42303.htm
<DESCRIPTION>PROVIDENT FINANCIAL HOLDINGS, INC. FORM 8-K
<TEXT>
<HTML>



<FONT FACE="Times">

<FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<p align=center>&nbsp;</p>
<p align=center>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</p>
<p align=center><FONT SIZE=4>FORM 8-K</font></p>
<p align=center>Current Report Pursuant to Section 13 or 15 (d)<br> of the Securities Exchange Act of 1934</p>
<p>
<br>

</p>

<p align=left>Date of Report (Date of earliest event reported):&nbsp;<u>April
24, 2003</u></p>
<p>
<br>

</p>

<p align=center><u>PROVIDENT FINANCIAL HOLDINGS,  INC.</u><br>
(Exact name of registrant as specified in its charter)</p>
<p>
<br>

</p>

<table width=100% align=center>

<tr>
<td width=33% align=center valign=top>Delaware<hr noshade size=1 width=70%>
<p>(State or other jurisdiction<br>of incorporation)</td>
<td width=34% align=center valign=top>000-28304<hr noshade size=1 width=60%>
<p>(File
number)</td>
<td width=33% align=center valign=top>33-0704889<hr noshade size=1 width=60%>
<p>(I.R.S. Employer<br>Identification No.)</td>
</tr>


<tr>
<td width=33% align=center>&nbsp;</td>
<td width=34% align=center></td>
<td width=33% align=center></td>
</tr>

<tr>
<td width=33% align=center>&nbsp;</td>
<td width=34% align=center></td>
<td width=33% align=center></td>
</tr>

<tr>
<td width=67% align=left colspan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3756 Central Avenue, Riverside, California</font></FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<hr noshade size=1 width=60% align="left">
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of principal executive office)</td>
<td width=33% align=center>92506<hr noshade size=1 width=50%>
<p>(Zip Code)</td>
</tr>

</table>
<p align="left">
<br>Registrant's telephone number, including area code:&nbsp; <u> (909) 686-6060</u></p>

<p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>(Former name or former address, if changed since last report)</p>
</font>

<p>

<BR WP="BR1">

<br>
<p align=center>&nbsp;</p>
<p align=left>&lt;PAGE&gt;<font size="3"><p></p>
<p></p>
<p></p>
<p></p>
</font><P ALIGN="CENTER"></P>
<P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<P>Item 7. Financial Statements and Exhibit</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Exhibit</P>



<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release of Provident Financial Holdings, Inc. on April 24, 2003.</P>

<P>&nbsp;</P></DIR>
</DIR>

<P>Item 9. Regulation FD Disclosure</P>

<P ALIGN="JUSTIFY">On April 24, 2003, Provident Financial Holdings, Inc. issued its earnings release for the third quarter ended March 31, 2003.   A copy of the earnings release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.</P>

<P>The information being furnished under this &quot;Item 9. Regulation FD Disclosure&quot; is intended to be furnished under &quot;Item 12. Disclosure of Results of Operations and Financial Condition.&quot; </P>

</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY"></P>
<FONT FACE="Times"><P>SIGNATURES</P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P>Date: April 24, 2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provident Financial Holdings, Inc.</P>

<P></P>

<P>&nbsp;</P>






<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;






<U>/s/ Craig G. Blunden</U><br><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Craig G. Blunden<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chairman, President and Chief Executive Officer<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Principal Executive Officer)</P>

<P></P>

<P>&nbsp;</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>/s/ Donavon P. Ternes</U><br><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Donavon P. Ternes<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chief Financial Officer<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Principal Financial and Accounting Officer) </P>
<P>&lt;PAGE&gt;</P>
<p align="center"><bR><BR><b>Exhibit 99.1</b></p>
<p>&nbsp;</p>
<p>&lt;PAGE&gt;</FONT></p>
<P>&nbsp;<P><b>Provident
Financial Holdings, Inc.<br>3756 Central Avenue&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contacts:<br>
Riverside, CA 92506&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B>
Craig G. Blunden, CEO<b><br>
(909) 686- 6060&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B>
Donavon P. Ternes, CFO<P ALIGN="CENTER">&nbsp;</P>
<FONT SIZE=4><P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC. REPORTS<br>
RECORD THIRD QUARTER RESULTS</P>
</FONT><FONT SIZE=2><P ALIGN="JUSTIFY"></P>
</FONT>
</b><P ALIGN="JUSTIFY" style="line-height: 200%">            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;            Riverside, California, April 24, 2003- Provident Financial Holdings, Inc. (NASDAQ/PROV), the holding company for Provident Savings Bank, FSB, today announced record earnings (see Note 1) for the third quarter of fiscal 2003.  Net income totaled $4.59 million, an increase of 130 percent from net income of $2.00 million for the third quarter of fiscal 2002; and diluted earnings per share for the third quarter of fiscal 2003 increased 55 cents, or 149 percent, to 92 cents from 37 cents for the third quarter of fiscal 2002.  Return on average assets for the third quarter of fiscal 2003 was 1.56 percent, as compared to 0.76 percent for the same period of fiscal 2002.  Return on average stockholders' equity for the third quarter of fiscal 2003 was 18.34 percent, as compared to 7.88 percent in the comparable period of fiscal 2002. </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp; On a sequential quarter basis, net income increased $699,000, or 18 percent, from $3.89 million in the second quarter of fiscal 2003; and diluted earnings per share increased 16 cents, or 21 percent, from 76 cents in the second quarter of fiscal 2003.  Return on average assets increased 20 basis points to 1.56 percent from 1.36 percent in the second quarter of fiscal 2003, while return on average equity increased 304 basis points to 18.34 percent from 15.30 percent in the second quarter of fiscal 2003.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For the nine months ended March 31, 2003, net income totaled $12.17 million, an
increase of 82 percent from net income of $6.68 million for the nine months
ended March 31, 2002; and diluted earnings per share for the nine months of
fiscal 2003 increased </P>
<hr align="center"><center><font size="2">Page 1 of 12</center></font></p><br>

<P ALIGN="JUSTIFY" style="line-height: 200%">$1.13, or 92 percent, to $2.36 from
$1.23 for the comparable period of fiscal 2002. Return on average assets for the
nine months ended March 31, 2003 was 1.46 percent as compared to 0.83 percent
for the nine-month period a year earlier, an increase of 63 basis points. Return
on average stockholders' equity for the nine months ended March 31, 2003 was
15.94 percent as compared to 8.92 percent for the nine-month period a year
earlier, an increase of 702 basis points.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income after provision for loan losses increased $1.63 million to $7.96 million in the third quarter of fiscal 2003 from $6.33 million for the same period in fiscal 2002; non-interest income increased $3.02 million to $6.70 million in the third quarter of fiscal 2003 from $3.68 million in the comparable period of fiscal 2002; and non-interest expense increased $389,000 to $6.98 million in the third quarter of fiscal 2003 from $6.59 million in the comparable period in fiscal 2002. </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The average balance of loans outstanding increased by $103.9 million to $767.6
million in the third quarter of fiscal 2003 from $663.7 million for the same
quarter of fiscal 2002, while the average yield decreased by 75 basis points to
6.49 percent in the third quarter of fiscal 2003 from an average yield of 7.24
percent for the same quarter of fiscal 2002. Total portfolio loan originations
(including purchased loans) in the third quarter of fiscal 2003 were $117.8
million, which consisted primarily of single-family, commercial real estate and
construction loans. This compares to total portfolio loan originations
(including purchased loans) of $89.4 million in the third quarter of fiscal
2002. The outstanding balance of &quot;preferred loans&quot; (multi-family, construction,
commercial real estate and commercial business loans) increased by $42.1
million, or 27 percent, to $198.6 million at March 31, 2003 from $156.5 million
at March 31, 2002 and </P>
<hr align="center"><center>
<p><font size="2">Page 2 of 12</p>
</center></font><br>
<P ALIGN="JUSTIFY" style="line-height: 200%">now comprise 28 percent of
portfolio loans, up from 27 percent at March 31, 2002. Loan prepayments in the
third quarter of fiscal 2003 were $89.0 million, down 10 percent from $98.7
million in the same quarter of fiscal 2002.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The average balance of deposits increased by $30.4 million to $726.7 million and the average cost of deposits decreased by 95 basis points to 2.17 percent in the third quarter of fiscal 2003, as compared to the average balance of $696.3 million and an average cost of 3.12 percent in the same quarter last year.  Total transaction account balances increased by $104.8 million, or 32 percent, to $431.7 million at March 31, 2003 from $326.9 million at March 31, 2002; while total time deposits decreased $56.9 million, or 15 percent, to $311.2 million at March 31, 2003 from $368.1 million at March 31, 2002.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The average balance of FHLB advances increased by $76.8 million to $305.5 million and the average cost of advances decreased 228 basis points to 3.94 percent in the third quarter of fiscal 2003, as compared to the average balance of $228.7 million and an average cost of 6.22 percent in the same quarter of fiscal 2002.  The decrease in the average cost of the FHLB advances was primarily a result of the use of overnight advances with an average balance of $95.1 million and an average cost of 1.37 percent in the third quarter of fiscal 2003 as compared to no overnight advances in the same quarter of fiscal 2002. </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The net interest margin during the third quarter of fiscal 2003 increased to
2.96 percent as compared to 2.59 percent during the same quarter last year, an
improvement of 37 basis points. On a sequential quarter basis, the net interest
margin in the third quarter of fiscal 2003 increased 3 basis points from 2.93
percent in the second quarter of fiscal </P>
<hr align="center"><center>
<p><font size="2">Page 3 of 12</p>
</center></font>
<p><br>
</p>
<P ALIGN="JUSTIFY" style="line-height: 200%">2003. For the nine months ended
March 31, 2003, the net interest margin increased to 2.94 percent as compared to
2.59 percent during the same period last year.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the third quarter of fiscal 2003, the loan loss provision was $205,000 as compared to $129,000 during the same period of fiscal 2002.  The increased provision was recorded as a result of the sequential quarter growth in the loan portfolio, the higher percentage of &quot;preferred loans&quot; in the loan portfolio and the downgrade in classification of two construction loans totaling $1.0 million.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The increase in non-interest income in the third quarter of fiscal 2003 as compared to the same period of fiscal 2002 was primarily the result of an increase in the gain on sale of loans and an increase in the gain on sale of investment securities.  The gain on sale of loans increased $2.6 million, or 113 percent, to $4.9 million, primarily attributable to a higher average loan sale margin (1.42 percent vs. 0.89 percent) and a higher volume of loans originated for sale ($302.2 million vs. $269.1 million).  The gain on sale of investment securities increased to $428,000 from $21,000 in the third quarter of fiscal 2002 as a result of the sale of $15.4 million of mortgage-backed securities and $4.0 million of agency securities.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the third quarter of fiscal 2003, the net impact of derivative financial instruments (Statement of Financial Accounting Standards No. 133) on the consolidated statement of operations was a gain of $208,000 compared to a gain of $63,000 in the same period last year.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Non-interest expense for the third quarter of fiscal 2003 increased $389,000 to
$7.0 million, as compared to $6.6 million for the same quarter in fiscal 2002.
The higher non-interest expense was primarily the result of the costs associated
with increased loan </P>
<hr align="center"><center>
<p><font size="2">Page 4 of 12</p>
</center></font>
<p><br>
</p>
<P ALIGN="JUSTIFY" style="line-height: 200%">production volume in the Mortgage
Banking Division. This is reflected in increased commissions and loan production
incentives in the third quarter of fiscal 2003, which were $534,000 higher than
the same period in fiscal 2002. </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Corporation's efficiency ratio for the third quarter of fiscal 2003 improved to 47 percent compared to 65 percent in the third quarter of 2002, a result of the increase in revenue which significantly outpaced the increase in non-interest expense.  For the nine months ended March 31, 2003 the efficiency ratio improved to 49 percent from 63 percent during the same period in 2002.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-performing assets declined to $1.0 million, or 0.09 percent of total assets, at March 31, 2003, as compared to $3.0 million, or 0.29 percent of total assets, at March 31, 2002.  The allowance for loan losses was $7.4 million at March 31, 2003, or 1.04 percent of gross loans held for investment as compared to $6.5 million, or 1.08 percent of gross loans held for investment, at March 31, 2002.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;We continue to effectively execute our operating strategy in a very favorable mortgage banking environment.  However, our mortgage banking results make it easy to overlook the fundamental improvements that we have made in our community banking business.  Our net interest income has improved significantly, the result of solid growth in interest earning assets and an improved net interest margin in comparison to last year.  Our transaction account (core deposits) growth has been exceptional and non-interest expenses have been held in check,&quot; commented Craig G. Blunden, Chairman, President and Chief Executive Officer.  </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During the quarter the Corporation repurchased 151,800 shares of its common
stock at an average price of $27.89 per share for a total cost of $4.2 million.
Currently, </P>
<hr align="center"><center>
<p><font size="2">Page 5 of 12</p>
</center></font>
<p><br>
</p>
<P ALIGN="JUSTIFY" style="line-height: 200%">there are 110,800 shares remaining
under the existing 10 percent share repurchase authorization.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provident Savings Bank, FSB currently operates 11 retail/business banking offices in Riverside County and San Bernardino County along with nine Provident Bank Mortgage loan production offices located throughout Southern California. </P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Corporation will host a conference call for institutional investors and bank analysts on Friday, April 25, 2003 at 10:00 a.m. (Pacific Time) to discuss its financial results.  The conference call can be accessed by dialing (888) 273-9885 and requesting the Provident Financial Holdings Earnings Release Conference Call.  An audio replay of the conference call will be available through Friday, May 2, 2003<FONT COLOR="#ff0000"> </FONT>by dialing (800) 475-6701 and referencing access code number 679549.</P>
<FONT SIZE=2><P ALIGN="JUSTIFY"></P><DIR>
<DIR>

<P ALIGN="JUSTIFY">Note 1:  The record high earnings and the record high diluted earnings per share for the current quarter is determined by comparing current earnings to prior quarters' earnings, excluding the non-recurring property gain of $3.57 million (net of taxes) reported in the fourth quarter of fiscal 1999.</P>
<P ALIGN="CENTER"></P>
</DIR>
</DIR>

</FONT><P ALIGN="CENTER">Forward-Looking Statement</P>
<FONT SIZE=2><P ALIGN="CENTER"></P>
<I><P ALIGN="JUSTIFY">Certain matters in this News Release and the conference call noted above may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements may relate to, among others, expectations of the business environment in which the Corporation operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Corporation's mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Corporation's actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements due to a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financia
l services providers, regulatory changes, and other risks detailed in the Corporation's reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended June 30, 2002.</P>
<hr align="center">
</I><center>
<p>Page 6 of 12</p>
</center>
<I><P ALIGN="JUSTIFY">&nbsp;</P>
</I></FONT>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="bottom" COLSPAN=6>
<p align="center">
<B>PROVIDENT FINANCIAL HOLDINGS, INC.<BR>
Consolidated Statements of Financial Condition<BR>
</B><FONT SIZE=2>(Unaudited- In Thousands)</FONT><br><br></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" align="center" style="border-bottom-style: solid; border-bottom-width: 3"><b><font size="2">
March 31,<br>2003</font></b></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" align="center" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" align="center" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" align="center" style="border-bottom-style: solid; border-bottom-width: 3"><b><font size="2">June 30,<Br>2002</font></b></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2>
<B><P>Assets</B></FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P>     &nbsp;&nbsp; Cash</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp; 32,276</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;       27,700</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Investment securities- held to maturity</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          (fair value $107,533 and $157,705, respectively) .</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">107,137</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">157,122</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Investment securities- available for sale at fair value</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">202,086</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">114,826</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Loans held for investment, net of allowance for loan losses of</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          $7,350 and $6,579, respectively </FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">701,908</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">593,554</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Loans held for sale, at lower of cost or market  </FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">6,367</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">1,747</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp; Receivable from sale of loans </FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">82,923</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">67,241</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Accrued interest receivable</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">5,633</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">5,591</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp; Real estate held for investment, net</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">10,783</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">11,150</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Real estate owned, net</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">228</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">313</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Federal Home Loan Bank stock</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">18,352</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">13,000</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Premises and equipment, net</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">8,013</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">8,119</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Prepaid expenses and other assets</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,433</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">4,955</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P>&nbsp;</P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Total assets</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  1,182,139</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  1,005,318</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">                              </FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">                              </FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2>
<B><P>Liabilities and Stockholders' Equity</B></FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>Liabilities:</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P>     &nbsp;&nbsp; Non-interest bearing deposits</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp; 40,855</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp; 31,076</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17><P></P></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Interest bearing deposits</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">701,978</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">646,372</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>               &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Total deposits</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">742,833</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">677,448</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;     Borrowings</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">312,945</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">202,466</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Accounts payable, accrued interest and other liabilities</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">24,992</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">22,373</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>               &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,080,770</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">902,287</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>Stockholders' equity:</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=26>
<FONT SIZE=2>&nbsp;&nbsp;Preferred stock, $.01 par value; authorized 2,000,000 shares;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
none issued and outstanding</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=19 align="right"><P>&nbsp;-</P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=19 align="right"><P>&nbsp;</P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=19 align="right"><P>&nbsp;</P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=19 align="right"><P>&nbsp;-</P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=39>
<FONT SIZE=2><P>     &nbsp;&nbsp;     Common stock, $.01 par value; authorized 15,000,000 shares;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
issued 7,814,040 and 7,712,515 shares, respectively;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
outstanding 4,968,894 and 5,463,199 shares, respectively)</FONT></TD>
  <TD WIDTH="15%" VALIGN="bottom" HEIGHT=25>
<FONT SIZE=2><P ALIGN="RIGHT">78</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=25><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=25><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=25>
<FONT SIZE=2><P ALIGN="RIGHT">77</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp; Additional paid-in capital</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">53,858</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">52,178</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Retained earnings.</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">94,192</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
<FONT SIZE=2><P ALIGN="RIGHT">82,805</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2>&nbsp;&nbsp; Treasury stock at cost (2,845,146 and 2,249,316 shares, respectively)
</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17 align="right">
<font size="2">(45,349</font></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17 align="right">
<p align="left"><font size="2">)</font></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=17 align="right"></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17 align="right">
<font size="2">(30,027</font></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17 align="right">
<p align="left"><font size="2">)</font></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P>     &nbsp;&nbsp;     Unearned stock compensation</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,568</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,866</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=17>
<FONT SIZE=2><P>)</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Accumulated other comprehensive income, net of tax</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,158</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">864</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="1%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="15%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="2%" VALIGN="bottom" HEIGHT=2 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="bottom" height="21">
&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21">
&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>               &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               Total stockholders' equity</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">101,369</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">103,031</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P>               &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Total liabilities and stockholders' equity</FONT></TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  1,182,139</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  1,005,318</FONT></TD>
<TD WIDTH="2%" VALIGN="bottom" height="21" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
</TR>
</TABLE>


<p>&nbsp;</p>
<hr align="center"><center>
<p><font size="2">Page 7 of 12</p>
</center></font>
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P></FONT>
<TABLE WIDTH=100% style="border-collapse: collapse; border-left-width: 0; border-right-width: 0" cellspacing="0" cellpadding="0" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=8>
<B><P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
Consolidated Statement of Operations<br>
</B><FONT SIZE=2>(Unaudited - In Thousands, Except Earnings Per Share)</FONT><br><br></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 align="center">
<B><FONT SIZE=2>Quarter Ended</FONT></B></TD>
<TD WIDTH="3%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 align="center">
<B><FONT SIZE=2>Nine months Ended</FONT></B></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 align="center" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B>
<P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 align="center" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B>
<P ALIGN="CENTER">March 31,</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" align="center" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" align="center" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Interest income:</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Loans receivable, net</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 12,450</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 12,015</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 36,655</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 39,570</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Investment securities</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,346</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,704</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7,503</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">9,339</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     FHLB stock </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">234</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">196</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">627</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">579</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Interest earning deposits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">408</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">10</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,220</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total interest income</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">15,031</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">15,323</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">44,795</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">50,708</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>Interest expense:</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Checking and money market deposits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">367</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">509</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,183</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,951</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Savings deposits </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,080</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">750</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3,004</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,330</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Time deposits </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,447</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,096</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8,413</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">14,930</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Borrowings </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">2,968</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,506</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">9,120</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">11,573</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Total interest expense </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2><P ALIGN="RIGHT">6,862</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2><P ALIGN="RIGHT">8,861</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2><P ALIGN="RIGHT">21,720</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2><P ALIGN="RIGHT">30,784</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Net interest income</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">8,169</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,462</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">23,075</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">19,924</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>Provision for loan losses</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">205</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">129</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">970</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">375</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Net interest income after provision for loan losses </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,964</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,333</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">22,105</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">19,549</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>Non-interest income</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Loan servicing and other fees</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">363</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">538</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,323</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,578</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Gain on sale of loans, net</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,935</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,285</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">13,954</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7,414</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Real estate operations, net</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">177</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">181</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">529</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">472</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Deposit account fees</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">438</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">416</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,312</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,219</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Gain on sale of investment securities </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">428</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">21</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">694</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">154</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Other</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">359</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">242</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,185</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">875</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total non-interest income</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,700</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,683</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">18,997</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">11,712</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>Non-interest expense</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Salaries and employee benefits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,557</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,256</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">13,394</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">12,408</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Premises and occupancy</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">606</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">559</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,860</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,646</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Equipment</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">556</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">553</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,516</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,668</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Professional expenses</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">157</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">172</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">513</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">534</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Sales and marketing expenses</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">203</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">109</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">651</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">555</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Other</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">901</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">942</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">2,822</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">2,993</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total non-interest expense</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,980</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,591</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">20,756</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">19,804</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Income before taxes</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,684</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,425</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">20,346</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">11,457</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>Provision for income taxes</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,096</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,428</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">8,175</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">4,776</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Net income</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$  4,588</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$  1,997</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$ 12,171</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$  6,681</FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">
&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">
&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">
&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">
&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 3">
&nbsp;</TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<B><FONT SIZE=2><P>Basic earnings per share</FONT></B></TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp; 0.99</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp; 0.39</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;      2.54</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;      1.29</B></FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP">
<B><FONT SIZE=2><P>Diluted earnings per share</FONT></B></TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp; 0.92</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp; 0.37</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;      2.36</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;      1.23</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="48%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<B><FONT SIZE=2><P>Cash dividends per share</FONT></B></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp; 0.05</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<B><FONT SIZE=2><P ALIGN="RIGHT">-</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;      0.15</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<B><FONT SIZE=2><P ALIGN="RIGHT">-</B></FONT></TD>
</TR>
</TABLE>


<p ALIGN="RIGHT">&nbsp;</p>
<hr align="center"><center>
<p><font size="2">Page 8 of 12</p>
</center></font>
<FONT SIZE=2><P>&nbsp;</P></FONT>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=4>
<B><P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
Consolidated Statement of Operations- Sequential Quarter<br>
</B><FONT SIZE=2>(Unaudited - In Thousands, Except Earnings Per Share)</FONT><br><br></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="36%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Quarter Ended</B></FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">December 31,</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Interest income:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Loans receivable, net </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 12,450</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 12,471</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Investment securities </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,346</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,478</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     FHLB stock </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">234</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">201</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Interest-earning deposits</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Total interest income </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">15,031</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">15,153</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>Interest expense:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Checking and money market deposits </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">367</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">380</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Savings deposits</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,080</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">993</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Time deposits</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,447</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,810</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Borrowings</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">2,968</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1"><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,135</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total interest expense</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,862</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,318</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Net interest income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">8,169</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,835</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>Provision for loan losses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">205</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">565</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Net interest income after provision for loan losses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,964</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,270</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>Non-interest income:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Loan servicing and other fees</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">363</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">471</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Gain on sale of loans, net</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,935</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,909</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Real estate operations, net</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">177</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">144</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Deposit account fees</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">438</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">431</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Gain on sale of investment securities</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">428</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Other</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">359</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">281</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total non-interest income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,700</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1"><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=8 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,236</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>Non-interest expense:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Salaries and employee benefits </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,557</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4,560</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Premises and occupancy</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">606</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">637</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Equipment </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">556</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">470</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp; Professional expenses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">157</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">189</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Sales and marketing expenses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">203</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">216</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp;     Other</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">901</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">1,009</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>     &nbsp;&nbsp; Total non-interest expense</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,980</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,081</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P>Income before taxes</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">7,684</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">6,425</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P>Provision for income taxes</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">3,096</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">2,536</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P>     &nbsp;&nbsp; Net income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  4,588</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2><P ALIGN="RIGHT">$  3,889</FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>Basic earnings per share</B></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp; 0.99</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp;      0.82</B></FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>Diluted earnings per share</B></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp; 0.92</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp;      0.76</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="64%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P>Cash dividends per share</B></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp; 0.05</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 3">
<FONT SIZE=2>
<B><P ALIGN="RIGHT">$&nbsp;      0.05</B></FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
</B><FONT SIZE=2>
<hr align="center"><center>
<p>Page 9 of 12</p>
</center><P ALIGN="CENTER">&nbsp;</P></FONT>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=8>
<B><P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
&nbsp;Financial Highlights<br>
</B><FONT SIZE=2>(Unaudited)</FONT><br><br>
  </TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Quarter Ended<br>
March 31,</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Nine months Ended<br>
March 31,</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="47%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
</TR>
<TR>
  <TD WIDTH="47%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2>
<B><P>SELECTED FINANCIAL RATIOS:</B></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Return on average assets</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.56%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.76%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.46%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.83%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Return on average stockholders' equity</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">18.34%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.88%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">15.94%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.92%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Stockholders' equity to total assets</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.58%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">9.77%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.58%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">9.77%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Net interest spread </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.75%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.26%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.73%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.29%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Net interest margin</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.96%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.59%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.94%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.59%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Efficiency ratio</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">46.94%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">64.97%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">49.33%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">62.60%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Average interest earning assets to average</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp; interest bearing liabilities</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">106.83%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">107.88%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">107.53%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">107.54%</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>SELECTED FINANCIAL DATA:</B></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Basic earnings per share</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp; 0.99 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   0.39 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   2.54 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   1.29 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Diluted earnings per share</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   0.92 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   0.37 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   2.36 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp; 1.23 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Book value per share</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 20.40 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 18.30 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 20.40 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 18.30 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Shares used for basic EPS computation</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  4,624,092 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,123,959 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  4,789,298 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,148,137 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Shares used for diluted EPS computation</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  4,982,031 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,395,321 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,162,126 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,396,282 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Total shares issued and outstanding</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  4,968,894 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,560,699 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  4,968,894 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">  5,560,699 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>ASSET QUALITY RATIOS:</B></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;Non-performing loans to loans held for investment, net </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.11%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.27%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Non-performing assets to total assets </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.09%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.29%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Allowance for loan losses to non-performing loans</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">943.52%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">403.56%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Allowance for loan losses to gross loans held for                  </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp;   investments</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.04%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.08%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>REGULATORY CAPITAL RATIOS:</B></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Tangible equity ratio</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.63%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.46%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Tier 1 (core) capital ratio</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.63%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.46%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Total risk-based capital ratio</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">13.50%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">17.32%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Tier 1 risk-based capital ratio </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">12.39%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">16.16%</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=2>
<p>&nbsp;</p>
<hr align="center"><center>
<p>Page 10 of 12</p>
</center>
<P>&nbsp;</P></FONT>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=8>
<B>
<P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
Financial Highlights<br>
</B><FONT SIZE=2>(Unaudited - Dollars In Thousands)<P ALIGN="CENTER"></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="40%" VALIGN="TOP" COLSPAN=7 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">As of March 31,</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP" COLSPAN=3 style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP" COLSPAN=3 style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Rate</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Rate</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>INVESTMENT SECURITIES:</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>Held to maturity:</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>U.S. government agency securities</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 104,254</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.87%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 110,210</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.36%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>U.S. government mortgage-backed securities</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">15.28%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">10</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">22.20%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Corporate bonds</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,775</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.09%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,758</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.18%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Time deposits at other banks</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2>
<div style="border-bottom-style: solid; border-bottom-width: 1; padding-bottom: 1">
  <P ALIGN="RIGHT">100</FONT></div>
  </TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.19%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp; Total investment securities held to maturity</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">107,137</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.98%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">112,978</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.41%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>Available for sale (at fair value):</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>U.S. government agency securities</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">36,991</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.74%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">59,438</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.62%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>U.S. government agency mortgage-backed securities</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">155,379</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.30%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">47,673</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.99%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Collateralized mortgage obligations</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">9,053</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.45%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Freddie Mac common stock</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">637</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1,141</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Fannie Mae common stock</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">26</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">31</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp;   Total investment securities available for sale</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">202,086</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.01%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">108,283</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.18%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total investment securities</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$ 309,223</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.65%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$ 221,261</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.81%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>LOANS HELD FOR INVESTMENT:</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Single-family (1 to 4 units)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 493,664</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.93%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 413,055 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.89%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Multi-family (5 or more units)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       47,260 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.98%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       35,499 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.63%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Commercial real estate</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       84,878 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.84%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       57,179 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.45%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Construction</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       91,760 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.22%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       90,114 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.78%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Commercial business</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">        22,980 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.48%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       24,833 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.39%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Consumer</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       11,253 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.00%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       22,341 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.21%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Other</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">         5,386 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.64%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">         2,953 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">8.45%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp; Total loans held for investment</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">757,181</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.16%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">645,974</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.12%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Undisbursed loan funds</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">(48,311</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">(51,122</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Deferred loan fees</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">          388</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">           143 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Unearned discounts</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">(14</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Allowance for loan losses</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">       (7,350</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">        (5,746</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=2><P>)</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp; Total loans held for investment, net</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 701,908 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 589,235 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Purchased loans serviced by others included above</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp; 46,143 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.56%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   35,410 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.44%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>DEPOSITS :</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Checking accounts- non-interest bearing</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   40,855 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"> $&nbsp;&nbsp;   29,471 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Checking accounts- interest bearing</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       99,752 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.77%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       97,507 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">0.78%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Savings accounts</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">     243,699 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.88%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">     148,924 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.20%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Money market accounts</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       47,349 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.48%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">       50,952 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.12%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Time deposits</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">     311,178 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.98%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">     368,105 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.19%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp; Total deposits</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT"> $ 742,833 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.06%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT"> $  694,959 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.95%</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>Note:   The interest rate described in the rate column is the weighted-average interest rate of all instruments, which are included in the balance of the respective line item. </P>

<hr align="center"><center>
<p>Page 11 of 12</p>
</center>

<P>&nbsp;</P></FONT>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=8>
<B>
<P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
Financial Highlights<br>
</B><FONT SIZE=2>(Unaudited - Dollars In Thousands)<br><br>
</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="40%" VALIGN="TOP" COLSPAN=7 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">As of March 31,</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP" COLSPAN=3 style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP" COLSPAN=3 style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Rate</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Rate</B></FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>BORROWINGS:</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Overnight</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$ 102,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.44%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;              .</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Six month or less</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.45%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">    36,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.05%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over six months to one year</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">18,031</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.78%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">51,500</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.42%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over one year to two years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">25,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.92%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">20,031</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.94%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over two years to three years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">27,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.33%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">25,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.92%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over three years to four years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">15,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.84%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over four years to five years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">52,000</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.81%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>Over five years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">86,914</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.39%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">74,941</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.73%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">
<FONT SIZE=2><P>   &nbsp;&nbsp;   Total borrowings</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$ 312,945</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.83%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$ 222,472</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.15%</FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
<br><Br>
<TABLE WIDTH=100% cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111">
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP" COLSPAN=3>
<FONT SIZE=2>
<B><P ALIGN="CENTER">Quarter Ended</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="23%" VALIGN="TOP" COLSPAN=3>
<FONT SIZE=2>
<B><P ALIGN="CENTER">Nine months Ended</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="23%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style:none; border-bottom-width:medium">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2>
<B><P>SELECTED AVERAGE BALANCE SHEETS:</B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Balance</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Loans receivable, net (1) </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;   767,646</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$   663,655</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp; 730,527</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp; 708,053</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Investment securities</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">316,573</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">223,135</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">298,225</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">229,074</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>FHLB stock</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">18,139</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">14,873</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">15,536</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">15,516</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Interest earning deposits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">301</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">96,330</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2>
<div style="border-bottom-style: solid; border-bottom-width: 1; padding-bottom: 1">
  <P ALIGN="RIGHT">929</FONT></div>
  </TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">72,391</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Total interest earning assets</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$1,102,659</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$   997,993</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$1,045,217</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$1,025,034</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Deposits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;   726,658</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$   696,321</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp; 707,064</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;   707,123</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Borrowings</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">305,522</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">228,736</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">264,974</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">245,060</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Total interest bearing liabilities</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$1,032,180</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$   925,057</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp; 972,038</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;   952,183</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP" COLSPAN=3>
<FONT SIZE=2>
<B><P ALIGN="CENTER">Quarter Ended</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="23%" VALIGN="TOP" COLSPAN=3>
<FONT SIZE=2>
<B><P ALIGN="CENTER">Nine months Ended</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="23%" VALIGN="TOP" COLSPAN=3 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style:none; border-bottom-width:medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2003</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; border-bottom-style:none; border-bottom-width:medium">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1; ">
<FONT SIZE=2>
<B><P ALIGN="CENTER">2002</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Yield/Cost</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Yield/Cost</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Yield/Cost</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2>
<B><P ALIGN="CENTER">Yield/Cost</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" style="border-top-style: solid; border-top-width: 1">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Loans receivable, net (1)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.49%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.24%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.69%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">7.45%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Investment securities</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.96%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.85%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.35%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.44%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>FHLB stock </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.16%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.27%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.38%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.98%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Interest earning deposits</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.33%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.69%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">1.44%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.25%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Total interest earning assets</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.45%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.14%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">5.71%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.60%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Deposits </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.17%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.12%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.37%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.62%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Borrowings </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.94%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.22%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.58%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">6.29%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<FONT SIZE=2><P>Total interest bearing liabilities</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.70%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">3.88%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">2.98%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">4.31%</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=1>

</FONT><FONT SIZE=2>(1)&nbsp;&nbsp;&nbsp;&nbsp; Includes loans held for sale.</FONT><FONT SIZE=1></FONT><FONT SIZE=2><P>Note: The interest rate/yield described in the rate/yield column is the weighted-average interest rate/yield of all instruments, which are included in the balance of the respective line item. </P>
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<p>Page 12 of 12</p>
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