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<SEC-DOCUMENT>0001181431-08-005655.txt : 20080128
<SEC-HEADER>0001181431-08-005655.hdr.sgml : 20080128
<ACCEPTANCE-DATETIME>20080128094101
ACCESSION NUMBER:		0001181431-08-005655
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080125
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080128
DATE AS OF CHANGE:		20080128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF THE JAMES FINANCIAL GROUP INC
		CENTRAL INDEX KEY:			0001275101
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				200500300
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50548
		FILM NUMBER:		08552543

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 1200
		CITY:			LYNCHBURG
		STATE:			VA
		ZIP:			24505
		BUSINESS PHONE:		4348462000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd192177.htm
<TEXT>


<html><head>
<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
</head>
<body Bgcolor="white">

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<b>UNITED STATES </b></font></div>

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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington, D.C. 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;01/25/2008 </b></font></div>




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<b>BANK OF THE JAMES FINANCIAL GROUP INC </b></font></div>

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<b>(Exact name of registrant as specified in its charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;000-50548</b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>VA</b></font>
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<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Width="59%" Align="center">
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>20-0500300</b></font>
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<div Style="margin-left:2%; Text-indent:-2%" Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(State or other jurisdiction of</b></font>
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</td>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
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<b>incorporation)</b></font>
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</td>
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<b>Identification No.)</b></font>
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<b>828 Main St., P.O. Box 1200, Lynchburg, VA 24504</b></font></div>


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<b>(Address of principal executive offices, including zip code)</b></font>
</div>

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<b>434-846-2000 </b></font>
</div>

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<b>(Registrant&#146;s telephone number, including area code)</b></font>
</div>



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<b> </b></font>
</div>

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<b>(Former name or former address, if changed since last report) </b></font>
</div>


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</div>




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<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
</b></font>


</div>



<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</b>

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<p Align="center">





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<b>Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition</b></font>
</div>

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</div>

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On Friday, January 25, 2008, Bank of the James Financial Group, Inc. (the "Company") issued a press release announcing its earnings for the fiscal quarter ended December 31, 2008, the Company's fourth fiscal quarter.  A copy of the press release is attached hereto as Exhibit 99.1 (the "Press Release").</font>
</div>

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<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></font>
</div>

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</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
(a)  Financial statements of businesses acquired--not applicable<p>(b)  Pro forma financial information--not applicable<p>(c)  Exhibits<p>Exhibit No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit Description</div><div align="left" style="text-indent:4%">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of the James Financial Group, Inc. Press Release dated January 25, 2008</font>
</div>

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<b>Signature(s) </b></font>
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </font>
</div>

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	</td>
	<td> <font Size="1">&nbsp;</font>
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	</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	BANK OF THE JAMES FINANCIAL GROUP INC</font>
	</div>	</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>
<tr>
	<td Valign="top" Colspan="3" Width="53%"> <div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	Date: January 28, 2008</font>
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	</td>
	<td> <font Size="1">&nbsp;</font>
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	</td>	<td Valign="top" Align="center" Width="3%">
	<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
	By:</font>
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	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	/s/&nbsp;&nbsp;&nbsp;&nbsp;J. Todd Scruggs</font>
	</div>
	<hr Noshade Align="left" Color="#000000">
	</td>
</tr>

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	<td> <font Size="1">&nbsp;</font></td>
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	<td Valign="bottom" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	J. Todd Scruggs</font>
	</div>
	</td>
</tr>

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	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
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	<td Valign="bottom" Width="53%">
	<div><font Face="times New Roman" Size="2" Color="#000000">Secretary-Treasurer</font>
	</div>
</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>



</table></div>





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<hr  Size="3" Color="#cceeff" Width="100%" Align="center">

<p Align="center"><font Size="2">&nbsp;</font>
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Exhibit Index </b></font>
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	<b>Exhibit&nbsp;No.</b></font>
	</div>
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	</td>
	<td Valign="top" Width="3%" Align="left"><font Face="times New Roman" Size="2">&nbsp;&nbsp;</font></td>
	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	<b>Description</b></font>
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	<td Valign="top" Align="left">
	<div Align="top"><font Face="times New Roman" Size="1" Color="#000000">
	EX-99.1</font>
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	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	Bank of the James Financial Group, Inc. Press Release dated January 25, 2008</font>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd192177_23088.htm
<DESCRIPTION>BANK OF THE JAMES FINANCIAL GROUP, INC. PRESS RELEASE DATED JANUARY 25, 2008
<TEXT>
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<B><P ALIGN="RIGHT">Exhibit 99.1<BR>
<BR>
Contact:  J. Todd Scruggs, Executive Vice President and CFO<BR>
(434) 846-2000 tscruggs@bankofthejames.com<BR>
<BR>
<BR>
For Immediate Release<BR>
</P>
<FONT SIZE=4><P ALIGN="CENTER">Bank of the James Financial Group, Inc. Announces Results </P>
<P ALIGN="CENTER">For 4th Quarter 2007 - Quarterly Net Income is Highest in Company's History </P>
</B></FONT>
<P>Lynchburg, Va., January 25, 2008.........Bank of the James Financial Group, Inc. (OTCBB:BOJF) (the &quot;Company&quot;) (quarterly and 2007 year-to-date consolidated results unaudited) reported today total net income after tax of $607,000 or $0.24 per basic share ($0.23 diluted) for the quarter ended December 31, 2007 and $2,084,000 or $0.82 per basic share ($0.78 diluted) year-to-date compared to net income of $565,000 or $0.25 per basic share ($0.24 diluted) and $1,765,000 or $0.80 per basic share ($0.75 diluted) for the respective periods a year ago.  The 2007 year-to-date net income figure represents an 18.1% increase over 2006.  All earnings per share amounts have been adjusted to reflect the 10% stock dividend declared by Bank of the James Financial Group, Inc. (the &quot;Company&quot;) at the annual shareholder's meeting on May 15, 2007, as well as all previously declared and paid stock dividends.</P>
<P>The fourth quarter 2007 is the second consecutive quarter in which net income has exceeded the previous highest quarterly net income achieved in the Company's history.  The Company's chief financial officer, J. Todd Scruggs, commented, &quot;We are extremely pleased with our 2007 financial performance particularly in light of the difficulties in the financial sector in the second half of 2007.   For two consecutive quarters we have achieved the highest net income in the history of the Company.  This is attributable to our dedicated employees who focused on execution of our business plan throughout 2007. We are proud to serve Region 2000 and continue to believe there is potential for additional growth and market penetration in 2008 and beyond.  We also wish to reiterate what we have stated previously; Bank of the James made a conscious decision several years ago to avoid any direct exposure to subprime lending.  This continues to be our policy moving forward as well.&quot; </P>
<P>Non interest income increased from $2,314,000 in the year ended December 31, 2006 to $2,751,000 in the year ended December 31, 2007, an increase of 18.9%.  The increase is attributable to fees derived from increased mortgage origination volume, revenue from the Bank's investment in a title insurance company, as well as commissions on investments offered through BOTJ Investment Group, Inc, a subsidiary of Bank of the James Financial Group, Inc.</P>
<P>Return on average assets and return on average equity in the fourth quarter 2007 was 0.90% and 10.11% respectively, as compared to 1.01% and 13.52% in the same period a year ago.  The decrease in these ratios as compared to the same period a year ago was expected due to the increase in equity capital as a result of the recent stock offering that concluded at the end of 2006.</P>
<P>Strong balance sheet growth in the fourth quarter 2007, specifically loan growth, contributed to the increased earnings.  Loans, net of unearned income and loan loss provision, increased from $187,469,000 as of December 31, 2006 to $224,022,000 as of the end of December 31, 2007, an increase of 19.5%.  Management expects that the current level of equity capital will allow the Bank, among other things, to continue to grow its loan portfolio.</P>
<P>Deposits, which funded the increase in loans, increased from $201,789,000 as of December 31, 2006 to $228,723,000 as of December 31, 2007, an increase of 13.4%.  The growth in loans, deposits and equity capital contributed to the overall growth of the balance sheet.  Total assets as of December 31, 2007 were $270,060,000 compared to $232,709,000 at the end of 2006, an increase of $37,351,000 or 16.1%.  The Company's book value per share increased from $8.68 as of December 31, 2006 to $9.59 as of December 31, 2007, an increase of $0.91 per share.</P>
<P>Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc., currently operates seven full service locations as well as mortgage origination offices in Forest and Moneta, Virginia.  BOTJ Investment Group, Inc., also a wholly owned subsidiary of Bank of the James Financial Group, Inc. operates one investment services office within the Bank's Church Street office.  Bank of the James Financial Group, Inc. common stock is quoted on the Over The Counter Bulletin Board under the symbol &quot;BOJF&quot; (some web sites require BOJF.OB to quote).</P>
<P>Selected financial highlights are shown below.</P>
<P ALIGN="CENTER"># # #</P>
<I><FONT SIZE=3><P>Cautionary Statement Regarding Forward-Looking Statements</P>
</I></FONT>
<FONT SIZE=3><P>This press release contains statements that constitute &quot;forward-looking statements&quot; within the meaning of the Private Securities Litigation Reform Act of 1995.  The words &quot;believe,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;intend,&quot; &quot;anticipate,&quot; &quot;plan&quot; and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made.  Bank of the James Financial Group (the &quot;Company&quot;) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.  Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.  Such factors include, but are not limited to competit
ion, general economic conditions, potential changes in interest rates, and changes in the value of real estate securing loans made by Bank of the James (the &quot;Bank&quot;), a subsidiary of Bank of the James Financial Group, Inc.  Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission and previously filed by the Bank (as predecessor of the Company) with the Federal Reserve Board.</P>
</FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER"># # #</P>
<B><P>Bank of the James Financial Group, Inc. and Subsidiaries<BR>
(000's) except ratios and percent data<BR>
audited</P>
</B>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P>Selected Data:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2007</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Interest income</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$4,743</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$4,005</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">18.43%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$17,715</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$14,680</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">20.67%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Interest expense</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,102</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,635</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">28.56%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">7,835</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">5,684</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">37.84%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Net Interest income</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,641</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,370</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">11.43%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9,880</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">8,996</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.83%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Provision for loan losses</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">147</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">141</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.26%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">451</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">630</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-28.41%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Noninterest income</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">766</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">677</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">13.15%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,751</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,314</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">18.89%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Noninterest expense</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,340</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,015</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16.13%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9,019</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">7,933</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">13.69%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Income taxes</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">313</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">326</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-3.99%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,077</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">982</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.67%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Net income</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">607</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">565</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">7.43%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,084</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,765</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">18.07%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=41><DIR>
<FONT SIZE=3><P>Weighted Average Shares Outstanding</DIR>
</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">2,558,103</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">2,231,892</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">14.62%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">2,552,765</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">2,216,245</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=41>
<FONT SIZE=3><P ALIGN="RIGHT">15.18%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM"><DIR>
<FONT SIZE=3><P>Basic net income per share</DIR>
</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$0.24</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$0.25</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$(0.01)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$0.82</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$0.80</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">$0.02</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40><DIR>
<FONT SIZE=3><P>Fully diluted net income per share</DIR>
</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$0.23</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$0.24</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$(0.01)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$0.78</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$0.75</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">$0.03</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P>Balance Sheet at period end:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2005</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Loans, net</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$224,022</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$187,469</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">19.50%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$187,469</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$155,480</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">20.57%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total securities</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">32,227</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">26,192</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">23.04%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">26,192</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">23,919</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.50%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total deposits</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">228,723</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">201,789</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">13.35%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">201,789</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">173,956</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16.00%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Stockholders' equity</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">24,524</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">21,931</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">11.82%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">21,931</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">14,675</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">49.44%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total assets</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">270,060</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">232,709</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16.05%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">232,709</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">195,852</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">18.82%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Shares Outstanding</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,556,578</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,526,090</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">30,488</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,526,090</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,201,645</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">324,446</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Book value per share</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.59</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">8.68</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">0.91</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">8.68</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">6.67</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$2.02</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P>Daily averages:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2007</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Loans, net</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$220,072</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$178,634</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">23.20%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$205,610</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$165,852</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">23.97%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total securities</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">31,927</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">27,618</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">15.60%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">27,881</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">26,565</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.95%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total deposits</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">227,240</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">194,287</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16.96%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">213,659</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">182,997</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16.76%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Stockholders' equity</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">23,829</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">16,585</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">43.68%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">22,889</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">15,594</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">46.78%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Interest earning assets</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">254,802</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">210,076</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">21.29%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">236,626</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">196,666</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">20.32%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Interest bearing liabilities</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">209,085</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">172,528</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">21.19%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">193,194</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">164,090</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">17.74%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total Assets</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">268,187</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">221,169</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">21.26%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">249,365</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">207,395</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">20.24%</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P>Financial Ratios:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending  Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2007</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Return on average assets</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">0.90%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1.01%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(0.11)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">0.84%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">0.85%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(0.01)</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Return on average equity</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">10.11%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">13.52%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(3.41)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.10%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">11.32%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(2.22)</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Net Interest Margin</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.11%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.48%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(0.37)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.18%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.57%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(0.39)</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Efficiency ratio</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">68.68%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">66.13%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2.55</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">71.40%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">70.14%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1.26</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM"><DIR>
<FONT SIZE=3><P>Average Equity to average assets</DIR>
</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">8.89%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">7.50%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">1.39</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">9.18%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">7.52%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=3><P ALIGN="RIGHT">1.66</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P>Allowance for loan losses:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Three months ending Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2007</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Year to date Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=101>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Beginning balance</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$2,170</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$2,013</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">7.80%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$2,091</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">$1,777</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">17.67%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Provision for losses</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">147</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">141</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">4.26%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">451</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">630</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-28.41%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Charge-offs</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(180)</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(108)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">66.67%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(442)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">(403)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9.68%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Recoveries</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">9</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">45</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-80.00%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">46</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">87</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-47.13%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Ending balance</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,146</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,091</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2.63%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,146</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2,091</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">2.63%</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P>Nonperforming assets:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2005</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=36>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total nonperforming loans</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,246</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">646</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">92.88%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">646</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">261</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">147.51%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Other real estate owned</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">535</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-100.00%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">535</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P>Total nonperforming assets</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,246</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,181</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">5.50%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">1,181</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">261</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=3><P ALIGN="RIGHT">352.49%</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=716>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P>Asset quality ratios:</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2006</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Dec 31, 2005</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<B><FONT SIZE=3><P ALIGN="CENTER">Change</B></FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P>Nonperforming loans to total loans</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.55%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.34%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.21</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.34%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.17%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.17</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P>Allowance for loan losses to total loans</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">0.95%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">1.10%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">(0.15)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">1.10%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">1.13%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">(0.03)</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P>Allowance for loan losses to nonperforming loans</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">172.23%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">323.68%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">(151.45)</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">323.68%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">680.84%</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=40>
<FONT SIZE=3><P ALIGN="RIGHT">(357.16)</FONT></TD>
</TR>
</TABLE>
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