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<SEC-DOCUMENT>0001116502-07-001563.txt : 20070814
<SEC-HEADER>0001116502-07-001563.hdr.sgml : 20070814
<ACCEPTANCE-DATETIME>20070814163006
ACCESSION NUMBER:		0001116502-07-001563
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20070814
DATE AS OF CHANGE:		20070814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OptimumBank Holdings, Inc.
		CENTRAL INDEX KEY:			0001288855
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50755
		FILM NUMBER:		071055693

	BUSINESS ADDRESS:	
		STREET 1:		10197 CLEARY BOULEVARD
		CITY:			PLANTATION
		STATE:			FL
		ZIP:			33324
		BUSINESS PHONE:		954-452-9501

	MAIL ADDRESS:	
		STREET 1:		10197 CLEARY BOULEVARD
		CITY:			PLANTATION
		STATE:			FL
		ZIP:			33324
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>optimum10qsb.htm
<DESCRIPTION>QUARTERLY REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NAME="date" CONTENT="08/14/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=center>&nbsp;</P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:24px; margin-top:21.333px; margin-bottom:0px; font-size:21.333px" align=center><B>FORM 10-QSB</B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="margin-top:8.867px; margin-bottom:0px">(Mark One)</P>
<P style="margin-top:6.667px; margin-bottom:-16px; padding-left:32px; text-indent:-32px; font-family:Wingdings"><FONT FACE="Wingdings"><B>&#253;</B></FONT></P>
<P style="margin:0px; padding-left:32px; font-family:Times New Roman Bold"><FONT FACE="Times New Roman Bold"><B>QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>
<P style="margin-top:13.333px; margin-bottom:0px; font-family:Times New Roman Bold" align=center><B>For the quarterly period ended June&nbsp;30, 2007</B></P>
<P style="margin-top:13.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px; font-family:Wingdings"><FONT FACE="Wingdings"><B>&#168;</B></FONT></P>
<P style="margin:0px; padding-left:32px; font-family:Times New Roman Bold"><FONT FACE="Times New Roman Bold"><B>TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT</B></FONT></P>
<P style="margin-top:13.333px; margin-bottom:0px; font-family:Times New Roman Bold" align=center><B>For the transition period from __________ to _________</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><FONT FACE="Times New Roman"><B>Commission File Number &nbsp;</FONT><U>0001288855</U></B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:26.667px; margin-top:16px; margin-bottom:0px; font-family:Times New Roman Bold; font-size:24px" align=center><FONT FACE="Times New Roman Bold"><B>OPTIMUMBANK HOLDINGS, INC.</B></FONT></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><FONT FACE="Times New Roman">(Exact name of small business issuer as specified in its charter)</FONT></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:14px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=312></TD><TD width=312></TD></TR>
<TR><TD valign=bottom width=312><P style="margin:0px" align=center><B>Florida</B></P>
</TD><TD valign=bottom width=312><P style="margin:0px" align=center><B>55-0865043</B></P>
</TD></TR>
<TR><TD valign=bottom width=312><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=bottom width=312><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(IRS Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>2477 East Commercial Boulevard, Fort Lauderdale, FL 33308</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Address of principal executive offices)</P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>954-776-2332</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Issuer&#146;s telephone number)</P>
<P style="line-height:13.333px; margin-top:7.133px; margin-bottom:0px; font-size:10.667px" align=center><B>N/A</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Former name, former address and former fiscal year, if changed since last report)</P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT FACE="Wingdings">&#253;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT FACE="Wingdings">&#168;</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). </P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center>Yes&nbsp;&nbsp;<FONT FACE="Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT FACE="Wingdings">&#253;</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px">State the number of shares outstanding of each of the issuer&#146;s classes of common equity, as of the latest practicable date: <U>&nbsp;2,961,169 common shares issued and outstanding as of August&nbsp;13, 2007</U></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Transitional Small Business Disclosure Format (Check one):&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT FACE="Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT FACE="Wingdings">&#253;</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:8.867px; margin-bottom:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>INDEX</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=581.8></TD><TD width=42.2></TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:8px; text-indent:-8px"><B>PART I. FINANCIAL INFORMATION</B></P>
</TD><TD valign=bottom width=42.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:24px; text-indent:-8px"><B>Item 1.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right><B><U>Page</U></B></P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Condensed Consolidated Balance Sheets -<BR>
June&nbsp;30, 2007 (unaudited) and December&nbsp;31, 2006</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>2</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Condensed Consolidated Statements of Earnings - <BR>
Three and Six Months ended June&nbsp;30, 2007 and 2006 (unaudited)</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>3</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Condensed Consolidated Statements of Stockholders&#146; Equity -<BR>
Six Months ended June&nbsp;30, 2007 and 2006 (unaudited)</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>4</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Condensed Consolidated Statements of Cash Flows -<BR>
Six Months ended June&nbsp;30, 2007 and 2006 (unaudited)</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>5</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:40px; text-indent:-8px">Notes to Condensed Consolidated Financial Statements (unaudited)</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>6-9</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:40px; text-indent:-8px">Review By Independent Registered Public Accounting Firm</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>10</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:40px; text-indent:-8px">Report of Independent Registered Public Accounting Firm</P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>11</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin-top:8.867px; margin-bottom:0px; padding-left:24px; text-indent:-8px"><B>Item 2.&nbsp;&nbsp;&nbsp;&nbsp;Management&#146;s Discussion and Analysis of Financial Condition <BR>
and Results of Operations</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>12-17</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:24px; text-indent:-8px"><B>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;Controls and Procedures</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>18</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:8px; text-indent:-8px"><B>PART II. OTHER INFORMATION</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:24px; text-indent:-8px"><B>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;Submission of Matters to a Vote of Security Holders</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>18</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:24px; text-indent:-8px"><B>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>19</P>
</TD></TR>
<TR><TD valign=bottom width=581.8><P style="margin:0px; padding-left:8px; text-indent:-8px"><B>SIGNATURES</B></P>
</TD><TD valign=bottom width=42.2><P style="margin-top:8.867px; margin-bottom:0px" align=right>20</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:LotusWP Icon; page-break-before:always" align=center><FONT FACE="LotusWP Icon"><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></FONT></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><FONT FACE="Times New Roman"><B>PART I.&nbsp;FINANCIAL INFORMATION</B></FONT></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Item 1. Financial Statements</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>
<P style="line-height:14.667px; margin-top:0px; margin-bottom:12px; font-size:12px" align=center><B>(Dollars in thousands, except per share amounts)</B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=440.067></TD><TD width=18.6></TD><TD width=9.6></TD><TD width=63></TD><TD width=18.6></TD><TD width=9.267></TD><TD width=60></TD><TD width=4.867></TD></TR>
<TR><TD valign=bottom width=440.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=72.6 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>June&nbsp;30,</B></P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=69.267 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>December&nbsp;31,</B></P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=72.6 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=69.267 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=72.6 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><I>(unaudited)</I></P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px" align=center><B>Assets</B></P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Cash and due from banks</P>
</TD><TD valign=top width=18.6><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=9.6><P style="margin:0px">$</P>
</TD><TD valign=bottom width=63><P style="margin:0px" align=right>1,478</P>
</TD><TD valign=top width=18.6><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=9.267><P style="margin:0px">$</P>
</TD><TD valign=bottom width=60><P style="margin:0px" align=right>923</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Federal funds sold</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63><P style="margin:0px" align=right>1,542</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60><P style="margin:0px" align=right>681</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total cash and cash equivalents</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>3,020</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>1,604</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Securities held to maturity (fair value approximates $52,824 and $33,150)</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>53,168</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>33,399</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Security available for sale</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>237</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>241</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Loans, net of allowance for loan losses of $736 and $974</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>172,383</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>181,878</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Federal Home Loan Bank stock</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>2,830</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>2,956</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Premises and equipment, net</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>3,334</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>3,990</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Accrued interest receivable</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>1,369</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>1,254</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:8px; text-indent:-8px">Other assets</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63><P style="margin:0px" align=right>1,115</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60><P style="margin:0px" align=right>381</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:40px; text-indent:-8px">Total assets</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.6><P style="margin-top:8.867px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>237,456</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.267><P style="margin-top:8.867px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>225,703</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:8px; text-indent:-8px" align=center><B>Liabilities and Stockholders&#146; Equity</B></P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Liabilities:</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Noninterest-bearing demand deposits</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="margin:0px">$</P>
</TD><TD valign=bottom width=63><P style="margin:0px" align=right>2,003</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="margin:0px">$</P>
</TD><TD valign=bottom width=60><P style="margin:0px" align=right>545</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Savings, NOW and money-market deposits</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>26,288</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>25,875</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Time deposits</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63><P style="margin:0px" align=right>93,616</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60><P style="margin:0px" align=right>103,082</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total deposits</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>121,907</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>129,502</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Federal Home Loan Bank advances</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>53,150</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>56,550</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Securities sold under agreement to repurchase</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>31,900</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>10,950</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Junior subordinated debenture</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>5,155</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>5,155</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Official checks</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>2,956</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>2,463</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Other liabilities</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>1,167</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>660</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:40px; text-indent:-8px">Total liabilities</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=63><P style="margin-top:8.867px; margin-bottom:0px" align=right>216,235</P>
</TD><TD style="border-top:1px solid #FFFFFF; border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=60><P style="margin-top:8.867px; margin-bottom:0px" align=right>205,280</P>
</TD><TD style="border-top:1px solid #FFFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:8.867px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Stockholders&#146; equity:</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Common stock, $.01 par value; 6,000,000 shares authorized,<BR>
2,961,169 and 2,820,280 shares issued and outstanding</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>30</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>28</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Additional paid-in capital</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>17,230</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>15,930</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Retained earnings</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63><P style="margin:0px" align=right>3,973</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=60><P style="margin:0px" align=right>4,474</P>
</TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin:0px; padding-left:24px; text-indent:-8px">Accumulated other comprehensive loss</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63><P style="margin:0px" align=right>(12</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="margin:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60><P style="margin:0px" align=right>(9</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="margin:0px" align=right>)</P>
</TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total stockholders&#146; equity</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63><P style="margin-top:6.667px; margin-bottom:0px" align=right>21,221</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.267><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60><P style="margin-top:6.667px; margin-bottom:0px" align=right>20,423</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=440.067><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total liabilities and stockholders&#146; equity</P>
</TD><TD valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.6><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=63><P style="margin-top:6.667px; margin-bottom:0px" align=right>237,456</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=18.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.267><P style="margin-top:6.667px; margin-bottom:0px" align=right>$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=60><P style="margin-top:6.667px; margin-bottom:0px" align=right>225,703</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center>See Accompanying Notes to Condensed Consolidated Financial Statements.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)</B></P>
<P style="line-height:14.667px; margin-top:0px; margin-bottom:12px; font-size:12px" align=center><B>(Dollars in thousands, except per share amounts)</B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=337></TD><TD width=21.133></TD><TD width=9.133></TD><TD width=40.933></TD><TD width=22.733></TD><TD width=9.133></TD><TD width=41.533></TD><TD width=21.067></TD><TD width=8.467></TD><TD width=37.933></TD><TD width=21.067></TD><TD width=8.467></TD><TD width=37.933></TD><TD width=7.467></TD></TR>
<TR><TD valign=bottom width=337><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=123.467 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Three Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=113.867 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=50.067 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=50.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=46.4 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=46.4 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px">Interest income:</P>
</TD><TD valign=top width=21.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.467><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Loans</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="margin:0px">$</P>
</TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>3,238</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="margin:0px">$</P>
</TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>3,081</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>6,561</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>6,091</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Securities</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>705</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>275</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>1,154</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>562</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Other</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin:0px" align=right>62</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>44</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>117</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>89</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Total interest income</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>4,005</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,400</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>7,832</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>6,742</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Interest expense:</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Deposits</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>1,444</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>1,202</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>2,918</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>2,314</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Borrowings</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin:0px" align=right>986</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>679</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>1,752</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>1,386</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Total interest expense</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,430</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,881</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>4,670</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,700</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Net interest income</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,575</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,519</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,162</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,042</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Provision for loan losses</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>209</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>27</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>520</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>133</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Net interest income after provision for loan losses</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,366</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,492</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,642</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,909</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Noninterest income:</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Service charges and fees</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>11</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>14</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>26</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>37</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Loan prepayment fees</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>142</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>70</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>210</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>137</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Gain on early extinguishment of debt</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>178</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Litigation settlement</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>5</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>93</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>155</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>93</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Other</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin:0px" align=right>1</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>3</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>2</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>7</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Total noninterest income</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>159</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>180</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>393</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>452</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Noninterest expenses:</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Salaries and employee benefits</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>480</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>505</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>977</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>996</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Occupancy and equipment</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>161</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>157</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>328</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>316</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Data processing</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>36</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>41</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>84</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>82</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Professional fees</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>69</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>66</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>126</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>132</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Insurance</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>15</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>17</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>30</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>36</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Stationary and supplies</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin:0px" align=right>10</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>6</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>22</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin:0px" align=right>17</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Other</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin:0px" align=right>134</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>100</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>231</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin:0px" align=right>198</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Total noninterest expenses</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>905</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>892</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,798</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,777</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Earnings before income taxes</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>620</P>
</TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>780</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,237</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,584</P>
</TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Income taxes</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>233</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>294</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>435</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>581</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Net earnings</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>387</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>486</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>802</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,003</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Net earnings per share:</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=40.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin:0px; padding-left:24px; text-indent:-8px">Basic</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=40.933><P style="margin:0px" align=right>.13</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin:0px" align=right>.16</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin:0px" align=right>.27</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin:0px" align=right>.34</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Diluted</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>.13</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>.16</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>.26</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>.32</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=337><P style="margin-top:6.667px; margin-bottom:0px">Dividends per share</P>
</TD><TD valign=top width=21.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=40.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=22.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=9.133><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=7.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center>See Accompanying Notes to Condensed Consolidated Financial Statements.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS&#146; EQUITY</B></P>
<P style="line-height:15.333px; margin:0px" align=center><B>SIX MONTHS ENDED JUNE&nbsp;30, 2007 AND 2006</B></P>
<P style="line-height:14.667px; margin-top:0px; margin-bottom:12px; font-size:12px" align=center><B>(Dollars in thousands)</B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=199.867></TD><TD width=17.067></TD><TD width=3.4></TD><TD width=54.8></TD><TD width=13.733></TD><TD width=12.867></TD><TD width=25.6></TD><TD width=17.067></TD><TD width=4.133></TD><TD width=45.8></TD><TD width=17.067></TD><TD width=3.733></TD><TD width=38.933></TD><TD width=17.067></TD><TD width=4.4></TD><TD width=57.8></TD><TD width=21.733></TD><TD width=5.333></TD><TD width=59.133></TD><TD width=4.467></TD></TR>
<TR><TD valign=bottom width=199.867 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=58.2 colspan=2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.467 colspan=2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=49.933 colspan=2 rowspan=4><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Additional<BR>
Paid-In <BR>
Capital</B></P>
</TD><TD valign=bottom width=17.067 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=42.667 colspan=2 rowspan=4><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Retained <BR>
Earnings</B></P>
</TD><TD valign=bottom width=17.067 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=62.2 colspan=2 rowspan=4><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Accumulated<BR>
Other <BR>
Compre-<BR>
hensive <BR>
Loss</B></P>
</TD><TD valign=bottom width=21.733 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64.467 colspan=2 rowspan=4><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Total<BR>
Stockholders&#146;<BR>
Equity</B></P>
</TD><TD valign=bottom width=4.467 rowspan=4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.4 colspan=5><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=110.4 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Common Stock</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=58.2 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Shares</B></P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=38.467 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Amount</B></P>
</TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin:0px; padding-left:8px; text-indent:-8px">Balance at December&nbsp;31, 2005</P>
</TD><TD valign=bottom width=17.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=3.4><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=54.8><P style="margin:0px" align=right>2,663,775</P>
</TD><TD valign=bottom width=13.733><P style="margin:0px; font-size:10.667px" align=center><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=12.867><P style="margin:0px">$</P>
</TD><TD valign=bottom width=25.6><P style="margin:0px" align=right>27</P>
</TD><TD valign=bottom width=17.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=4.133><P style="margin:0px">&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=45.8><P style="margin:0px" align=right>14,141</P>
</TD><TD valign=bottom width=17.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=3.733><P style="margin:0px">&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=38.933><P style="margin:0px" align=right>4,249</P>
</TD><TD valign=bottom width=17.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #000000" valign=bottom width=57.8><P style="margin:0px" align=right>(7</P>
</TD><TD valign=bottom width=21.733><P style="margin:0px">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=5.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="border-top:1px solid #000000" valign=bottom width=59.133><P style="margin:0px" align=right>18,410</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Comprehensive income:</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style=
"font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=59.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Net earnings for the six<BR>
months ended June&nbsp;30,<BR>
2006 (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,003</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,003</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Net change in unrealized loss on <BR>
security available for sale <BR>
(unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>(8</P>
</TD><TD valign=bottom width=21.733><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>(8</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Comprehensive income <BR>
(unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style=
"font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>955</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Proceeds from exercise of common<BR>
stock options, including<BR>
tax benefit of $37 (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>18,000</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>141</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>141</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">5% stock dividend (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.8><P style="margin:0px" align=right>134,078</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=25.6><P style="margin:0px" align=right>1</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.8><P style="margin:0px" align=right>1,608</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=38.933><P style="margin:0px" align=right>(1,609</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="margin:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.8><P style="margin:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Balance at June&nbsp;30, 2006<BR>
(unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=54.8><P style="margin:0px" align=right>2,815,853</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=12.867><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=25.6><P style="margin:0px" align=right>28</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=45.8><P style="margin:0px" align=right>15,890</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=38.933><P style="margin:0px" align=right>3,643</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.8><P style="margin:0px" align=right>(15</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=21.733><P style="margin:0px">)</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=59.133><P style="margin:0px" align=right>19,546</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Balance at December&nbsp;31, 2006</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,820,280</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>28</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>15,930</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>4,474</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>(9</P>
</TD><TD valign=bottom width=21.733><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>20,423</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Comprehensive income:</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style=
"font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=59.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Net earnings for the six<BR>
months ended June&nbsp;30,<BR>
2007 (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>802</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>802</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Net change in unrealized loss on<BR>
security available for sale<BR>
(unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>(3</P>
</TD><TD valign=bottom width=21.733><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>(3</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Comprehensive income (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=54.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=25.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=45.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=38.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.8><P style=
"font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>799</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">5% stock dividend (fractional shares<BR>
paid in cash) (unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>140,889</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>2</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,300</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>(1,303</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.067><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=21.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>(1</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=199.867><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Balance at June&nbsp;30, 2007 <BR>
(unaudited)</P>
</TD><TD valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=54.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,961,169</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=13.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=25.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>30</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.133><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=45.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>17,230</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=38.933><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,973</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.4><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.8><P style="margin-top:6.667px; margin-bottom:0px" align=right>(12</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=21.733><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=5.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=59.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>21,221</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center>See Accompanying Notes to Condensed Consolidated Financial Statements.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>4</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:6.667px; margin-bottom:0px" align=center><B>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)</B></P>
<P style="line-height:14.667px; margin-top:0px; margin-bottom:9px; font-size:12px" align=center><B>(In thousands)</B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=486.933></TD><TD width=17></TD><TD width=6.667></TD><TD width=43.533></TD><TD width=17.2></TD><TD width=6.667></TD><TD width=41.533></TD><TD width=4.467></TD></TR>
<TR><TD valign=bottom width=486.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=115.6 colspan=5><P style="line-height:13.333px; margin:0px; font-family:LotusWP Icon; font-size:10.667px" align=center><FONT FACE="LotusWP Icon"><B>Six</B></FONT> <B>Months Ended<BR>
June</B><FONT FACE="Times New Roman"><B>&nbsp;30,</B></FONT></P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.2 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><FONT FACE="Times New Roman"><B>2007</B></FONT></P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48.2 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:8px; text-indent:-8px">Cash flows from operating activities:</P>
</TD><TD valign=bottom width=17><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Net earnings</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>802</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>1,003</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Adjustments to reconcile net earnings to net cash provided by operating activities:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Depreciation and amortization</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>114</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>114</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Provision for loan losses</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>520</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>133</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Gain on early extinguishment of debt</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>(178</P>
</TD><TD valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Net amortization of fees, premiums and discounts</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>105</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>332</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Increase in accrued interest receivable</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(115</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>49</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">(Increase) decrease in other assets</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(734</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>369</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Increase in official checks and other liabilities</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin:0px" align=right>1,001</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>1,731</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Net cash provided by operating activities</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,693</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,455</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash flows from investing activities:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Purchases of securities held to maturity</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(24,680</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>(4,926</P>
</TD><TD valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Principal repayments of securities held to maturity</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>5,017</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>1,825</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Decrease (increase) in loans</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>8,764</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>(9,380</P>
</TD><TD valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Sale (purchase) of premises and equipment</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>542</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>(82</P>
</TD><TD valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Redemption (purchase) of Federal Home Loan Bank stock</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin:0px" align=right>126</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>(275</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Net cash used in investing activities</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>(10,231</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>(12,838</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="margin-top:6.667px; margin-bottom:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash flows from financing activities:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">(Decrease) increase in deposits</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(7,595</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>5,147</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Proceeds from exercise of common stock options </P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>104</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">(Decrease) increase in Federal Home Loan Bank advances </P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(3,400</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>4,458</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Net increase in securities sold under agreement to repurchase</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>20,950</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Tax benefit associated with exercise of common stock options</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>37</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Fractional shares of stock dividend paid in cash</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin:0px" align=right>(1</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:56px; text-indent:-8px">Net cash provided by financing activities</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>9,954</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>9,746</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Net increase in cash and cash equivalents</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,416</P>
</TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>363</P>
</TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash and cash equivalents at beginning of the period</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,604</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,154</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash and cash equivalents at end of the period</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,020</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,517</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Supplemental disclosure of cash flow information:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:24px; text-indent:-8px">Cash paid during the period for:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Interest</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.533><P style="margin:0px" align=right>4,671</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin:0px" align=right>3,705</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Income taxes</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>802</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>818</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:24px; text-indent:-8px">Noncash investing and financing activities:</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=41.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin:0px; padding-left:40px; text-indent:-8px">Change in accumulated other comprehensive loss, net<BR>
change in unrealized loss on security available for sale</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.533><P style="margin:0px" align=right>(3</P>
</TD><TD valign=bottom width=17.2><P style="margin:0px">)</P>
</TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=41.533><P style="margin:0px" align=right>(8</P>
</TD><TD valign=bottom width=4.467><P style="margin:0px">)</P>
</TD></TR>
<TR><TD valign=bottom width=486.933><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Common stock dividend</P>
</TD><TD valign=bottom width=17><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,302</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=17.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=41.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,609</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.467><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center>See Accompanying Notes to Condensed Consolidated Financial Statements.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>5</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:LotusWP Icon; page-break-before:always" align=center><FONT FACE="LotusWP Icon"><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></FONT></P>
<P style="margin-top:6.667px; margin-bottom:0px" align=center><FONT FACE="Times New Roman"><B>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</B></FONT></P>
<P style="margin-top:13.333px; margin-bottom:0px; padding-left:56px; text-indent:-56px"><B>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General.</I></B>&#8194;OptimumBank Holdings, Inc. (the &#8220;Holding Company&#8221;) is a one-bank holding company and owns 100% of OptimumBank (the &#8220;Bank&#8221;), a state (Florida)-chartered commercial bank (collectively, the &#8220;Company&#8221;). The Holding Company&#8217;s only business is the operation of the Bank. The Bank&#146;s deposits are insured by the Federal Deposit Insurance Corporation. The Bank offers a variety of community banking services to individual and corporate customers through its three banking offices located in Broward County, Florida.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">In the opinion of the management, the accompanying condensed consolidated financial statements of the Company contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at June&nbsp;30, 2007, and the results of operations for the three- and six-month periods ended June&nbsp;30, 2007 and 2006, and cash flows for the six-months periods ended June&nbsp;30, 2007 and 2006. The results of operations for the three and six months ended June&nbsp;30, 2007, are not necessarily indicative of the results to be expected for the full year.</P>
<P style="margin-top:8.867px; margin-bottom:8.867px; padding-left:56px; text-indent:-56px"><B>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Loan Impairment and Credit Losses.</I></B>&#8194;The activity in the allowance for loan losses was as follows (in thousands):</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=259.667></TD><TD width=26.333></TD><TD width=10.6></TD><TD width=53.067></TD><TD width=26.467></TD><TD width=10.6></TD><TD width=53.067></TD><TD width=26.333></TD><TD width=10.467></TD><TD width=52.667></TD><TD width=26.333></TD><TD width=10.467></TD><TD width=52.8></TD><TD width=5.133></TD></TR>
<TR><TD valign=bottom width=259.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=153.8 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Three Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=152.733 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=259.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=26.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.133 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=63.267 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=259.667><P style="margin:0px">Balance at beginning of period</P>
</TD><TD valign=bottom width=26.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=10.6><P style="margin:0px">$</P>
</TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>1,113</P>
</TD><TD valign=bottom width=26.467><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=10.6><P style="margin:0px">$</P>
</TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>883</P>
</TD><TD valign=bottom width=26.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px">$</P>
</TD><TD valign=bottom width=52.667><P style="margin:0px" align=right>974&nbsp;</P>
</TD><TD valign=bottom width=26.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=10.467><P style="margin:0px">$</P>
</TD><TD valign=bottom width=52.8><P style="margin:0px" align=right>777</P>
</TD><TD valign=bottom width=5.133><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=259.667><P style="margin:0px">Charge-offs</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>(586</P>
</TD><TD valign=bottom width=26.467><P style="margin:0px">)</P>
</TD><TD valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=52.667><P style="margin:0px" align=right>(758</P>
</TD><TD valign=bottom width=26.333><P style="margin:0px">)</P>
</TD><TD valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=52.8><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=259.667><P style="margin:0px">Provision for loan losses</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.067><P style="margin:0px" align=right>209</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=26.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.067><P style="margin:0px" align=right>27</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=52.667><P style="margin:0px" align=right>520</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=52.8><P style="margin:0px" align=right>133</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=259.667><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=26.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=53.067><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=52.667><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=10.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=52.8><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=259.667><P style="margin:0px">Balance at end of period</P>
</TD><TD valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=10.6><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=53.067><P style="margin:0px" align=right>736</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=26.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=10.6><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=53.067><P style="margin:0px" align=right>910</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=10.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=52.667><P style="margin:0px" align=right>736</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=26.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=10.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=52.8><P style="margin:0px" align=right>910</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=5.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:56px">There were no impaired loans at June&nbsp;30, 2007 or December&nbsp;31, 2006.</P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:56px; text-indent:376px">The average net investment in impaired loans and interest income recognized and received on impaired loans is as follows (in thousands):</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=268.333></TD><TD width=21.067></TD><TD width=8.333></TD><TD width=64.267></TD><TD width=17.867></TD><TD width=16.467></TD><TD width=51.533></TD><TD width=21.2></TD><TD width=8.267></TD><TD width=64.267></TD><TD width=21.2></TD><TD width=8.267></TD><TD width=51.533></TD><TD width=1.4></TD></TR>
<TR><TD valign=bottom width=268.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=158.467 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Three Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=153.533 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=top width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=268.333><P style="margin:0px; font-size:10.667px"><B>&nbsp;&nbsp;</B></P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=72.6 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=top width=17.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=68 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=72.533 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=59.8 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=top width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=268.333><P style="margin:0px">Average net investment in impaired loans</P>
</TD><TD valign=top width=21.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=top width=8.333><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,771</P>
</TD><TD valign=top width=17.867><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=top width=16.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</P>
</TD><TD valign=top width=21.2><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,189</P>
</TD><TD valign=top width=21.2><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=268.333><P style="margin-top:6.667px; margin-bottom:0px">Interest income recognized on impaired loans</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.333><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=17.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=16.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin-top:6.667px; margin-bottom:0px" align=right>39</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=268.333><P style="margin-top:6.667px; margin-bottom:0px">Interest income received on impaired loans</P>
</TD><TD valign=top width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.333><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=17.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=16.467><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=64.267><P style="margin-top:6.667px; margin-bottom:0px" align=right>39</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=21.2><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=top width=8.267><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.533><P style="margin-top:6.667px; margin-bottom:0px" align=right>&#151;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:3.333px; margin-bottom:0px; padding-left:48px; text-indent:-48px" align=right>(continued)</P>
<P style="margin-top:3.333px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>6</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:6.667px; margin-bottom:0px" align=center><B>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED), CONTINUED</B></P>
<P style="margin-top:13.333px; margin-bottom:8.867px; padding-left:56px; text-indent:-56px"><B>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Loan Impairment and Credit Losses, Continued&#8194;</I></B>At December&nbsp;31, 2006, the Company had no nonaccrual loans or loans over ninety days past due still accruing interest. Nonaccrual and past due loans were as follows as of June&nbsp;30, 2007 (in thousands):</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=338.133></TD><TD width=86.667></TD><TD width=9.467></TD><TD width=62.133></TD><TD width=6.2></TD></TR>
<TR><TD valign=bottom width=338.133><P style="margin:0px">Nonaccrual loans</P>
</TD><TD valign=bottom width=86.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=9.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=62.133><P style="margin:0px" align=right>115</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=6.2><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=338.133><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=86.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=9.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=62.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=338.133><P style="margin:0px">Past ninety days or more, but still accruing interest</P>
</TD><TD valign=bottom width=86.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=9.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=62.133><P style="margin:0px" align=right>&#8212;</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=6.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:8.867px; padding-left:56px; text-indent:-56px"><B>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Regulatory Capital.</I>&#8194;</B>The Bank is required to maintain certain minimum regulatory capital requirements. The following is a summary at June&nbsp;30, 2007 of the regulatory capital requirements and the Bank&#146;s capital on a&nbsp;percentage basis:</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=439.067></TD><TD width=22.933></TD><TD width=56.667></TD><TD width=22.933></TD><TD width=82.4></TD></TR>
<TR><TD valign=bottom width=439.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=56.667><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Bank</B></P>
</TD><TD valign=top width=22.933><P style="margin:0px; font-size:10.667px" align=center><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=82.4><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Regulatory<BR>
Requirement</B></P>
</TD></TR>
<TR><TD valign=bottom width=439.067><P style="margin:0px">Tier I capital to total average assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=56.667><P style="margin:0px" align=center>10.87%</P>
</TD><TD valign=top width=22.933><P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=82.4><P style="margin:0px" align=center>4.00%</P>
</TD></TR>
<TR><TD valign=bottom width=439.067><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=56.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=82.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=439.067><P style="margin:0px">Tier I capital to risk-weighted assets</P>
</TD><TD valign=bottom width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=56.667><P style="margin:0px" align=center>17.09%</P>
</TD><TD valign=top width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=82.4><P style="margin:0px" align=center>4.00%</P>
</TD></TR>
<TR><TD valign=bottom width=439.067><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=56.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=82.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=439.067><P style="margin:0px">Total capital to risk-weighted assets</P>
</TD><TD valign=bottom width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=56.667><P style="margin:0px" align=center>17.57%</P>
</TD><TD valign=top width=22.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=82.4><P style="margin:0px" align=center>8.00%</P>
</TD></TR>
</TABLE>
<P style="margin-top:13.333px; margin-bottom:8.867px; padding-left:56px; text-indent:-56px"><B>(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Earnings Per Share</I></B><I>.</I>&#8194;Basic earnings per share has been computed on the basis of the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share were computed based on the weighted-average number of shares outstanding plus the effect of outstanding stock options, computed using the treasury stock method. All amounts reflect the 5% stock dividends declared in May, 2007 and April, 2006. Earnings per common share have been computed based on the following:</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=310.6></TD><TD width=16.667></TD><TD width=3.333></TD><TD width=57.4></TD><TD width=16.667></TD><TD width=3.333></TD><TD width=57.6></TD><TD width=16.667></TD><TD width=3.333></TD><TD width=57.467></TD><TD width=16.667></TD><TD width=3.333></TD><TD width=57.6></TD><TD width=3.333></TD></TR>
<TR><TD valign=bottom width=310.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=138.333 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Three Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=138.4 colspan=5><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=310.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60.733 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60.8 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=310.6><P style="margin:0px">Weighted-average number of common shares </P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=310.6><P style="margin:0px">Outstanding used to calculate basic</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=57.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=310.6><P style="margin:0px">earnings per common share</P>
</TD><TD valign=bottom width=16.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=57.4><P style="margin:0px" align=right>2,961,169</P>
</TD><TD valign=bottom width=16.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=57.6><P style="margin:0px" align=right>2,955,986</P>
</TD><TD valign=bottom width=16.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=57.467><P style="margin:0px" align=right>2,961,169</P>
</TD><TD valign=bottom width=16.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=57.6><P style="margin:0px" align=right>2,948,796</P>
</TD><TD valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=310.6><P style="margin-top:6.667px; margin-bottom:0px">Effect of dilutive stock options</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>73,668</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>157,116</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.467><P style="margin-top:6.667px; margin-bottom:0px" align=right>77,941</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>143,446</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=310.6><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Weighted-average number of common shares <BR>
outstanding used to calculate diluted earnings <BR>
per common share</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,034,837</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,113,102</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.467><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,039,110</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=57.6><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,092,242</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=3.333><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:3.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:3.333px; margin-bottom:0px; padding-left:48px; text-indent:-48px" align=right>(continued)</P>
<P style="margin-top:3.333px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>7</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:3.333px; margin-bottom:0px; padding-left:48px; text-indent:-48px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:6.667px; margin-bottom:0px" align=center><B>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED), CONTINUED</B></P>
<P style="margin-top:13.333px; margin-bottom:0px; padding-left:56px; text-indent:-56px"><B>(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Stock-Based Compensation</I></B><I>.</I>&#8194;Prior to January&nbsp;1, 2006, the Company&#8217;s stock option plan was accounted for under the recognition and measurement provisions of Accounting Principles Board (APB) Opinion No. 25 (Opinion 25), <I>Accounting for Stock Issued to Employees</I>, and related Interpretations, as permitted by Financial Accounting Standards Board (FASB) Statement No. 123, <I>Accounting for Stock-Based Compensation </I>(as amended by Statement of Financial Accounting Standards (SFAS) No. 148, <I>Accounting for Stock-Based Compensation Transition and Disclosure</I>) (collectively SFAS 123). No stock-based employee compensation cost was recognized in the Company&#146;s consolidated statements of earnings through December&nbsp;31, 2005, as all options granted under the plan had an exercise price equal to the market value of the underlying common stock on th
e date of grant. Effective January&nbsp;1, 2006, the Company adopted the fair value recognition provisions of FASB Statement No. 123(R), <I>Share-Based Payment </I>(SFAS 123(R<I>)), </I>using the modified-prospective-transition method. Under that transition method, compensation cost to be recognized beginning in 2006 includes: (a) compensation cost for all share-based payments granted prior to, but not yet vested as of January&nbsp;1, 2006, based on the grant date fair value calculated in accordance with the original provisions of SFAS 123, and (b) compensation cost for all share-based payments granted subsequent to December&nbsp;31, 2005, based on the grant-date fair value estimated in accordance with the provisions of SFAS 123(R). As of December&nbsp;31, 2005, all stock options were fully vested and no options were granted in 2006 or 2007; therefore, no stock-based compensation has been recognized in 2006 or 2007. </P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">The Company established an incentive Stock Option Plan (the &#147;Plan&#148;) for officers, directors and employees of the Company and reserved 572,082 (amended) shares of common stock for the plan. Both incentive stock options and nonqualified stock options may be granted under the plan. The exercise price of the stock options is determined by the board of directors at the time of grant, but cannot be less than the fair market value of the common stock on the date of grant. The options vest &shy;&shy;over three and five years. However, the Company accelerated the vesting of all unvested options in the Plan in 2005, in order to reduce noncash compensation expense that would have been recorded in its consolidated statements of earnings in future years due to the adoption of SFAS No. 123(R) in January&nbsp;2006. The options must be exercised within ten years from the date of grant. At June&nbsp;30, 2007, 9,702 options were available for grant.
</P>
<P style="margin-top:8.867px; margin-bottom:0px" align=right>(continued)</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>8</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:17.8px; margin-bottom:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:6.667px; margin-bottom:0px"><B>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED), CONTINUED</B></P>
<P style="margin-top:13.333px; margin-bottom:8.867px; padding-left:56px; text-indent:-56px"><B>(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Stock-Based Compensation, Continued</I></B><I>.&#8194;</I>A summary of the activity in the Company&#8217;s stock option plan is as follows. All amounts reflect the 5% stock dividends declared in May&nbsp;2007 and April&nbsp;2006. The Board of Directors did not adjust the exercise price of the stock options outstanding to reflect the 5% stock dividends (dollars in thousands, except per share amounts):</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=257.8></TD><TD width=23.067></TD><TD width=4.867></TD><TD width=63.533></TD><TD width=23.067></TD><TD width=18.067></TD><TD width=42.533></TD><TD width=23.067></TD><TD width=6.733></TD><TD width=69.533></TD><TD width=23.067></TD><TD width=11.733></TD><TD width=52.933></TD><TD width=4></TD></TR>
<TR><TD valign=bottom width=257.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=68.4 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Number of<BR>
Options</B></P>
</TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=60.6 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Weighted<BR>
Average<BR>
Exercise<BR>
Price</B></P>
</TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.267 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Weighted-<BR>
Average<BR>
Remaining<BR>
Contractual<BR>
Term</B></P>
</TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Aggregate<BR>
Intrinsic<BR>
Value</B></P>
</TD><TD valign=bottom width=4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=257.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=63.533><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-top:1px solid #FFFFFF" valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=18.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=42.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=52.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4><P style="font-size:2pt">&nbsp;</P><
/TD></TR>
<TR><TD valign=bottom width=257.8><P style="margin:0px; padding-left:8px; text-indent:-8px">Outstanding and exercisable at<BR>
December&nbsp;31, 2006 and<BR>
June&nbsp;30, 2007</P>
</TD><TD valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.867><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=63.533><P style="margin:0px" align=right>490,632</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=18.067><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=42.533><P style="margin:0px" align=right>8.04</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=69.533><P style="margin:0px" align=center>6.2 years</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=23.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=11.733><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=52.933><P style="margin:0px" align=right>530</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">The total intrinsic value of options exercised during the three and six months ended June&nbsp;30, 2006 was $14,250 and $93,850, respectively and the tax benefit relating to the stock options exercised was $5,000 and $37,000, respectively.</P>
<P style="margin-top:13.333px; margin-bottom:0px; padding-left:56px; text-indent:-56px"><B>(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Sale of Branch.</I></B>&#8194;On February&nbsp;1, 2007, the Company entered into a sale/leaseback transaction for its Galt Ocean Mile branch facility. No gain or loss was recognized on this transaction. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>9</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>REVIEW BY INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>
<P style="margin-top:20px; margin-bottom:0px; text-indent:48px">Hacker, Johnson &amp; Smith PA, the Company&#146;s independent registered public accounting firm, have made a limited review of the interim financial data as of June&nbsp;30, 2007, and for the three- and six-month periods ended June&nbsp;30, 2007 and 2006, presented in this document, in accordance with standards established by the Public Company Accounting Oversight Board.</P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Their report furnished pursuant to Article 10 of Regulation S-X is included herein. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>10</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:17.8px; margin-bottom:0px; page-break-before:always" align=center><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>OptimumBank Holdings, Inc.</B></P>
<P style="margin:0px"><B>Fort Lauderdale, Florida:</B></P>
<P style="margin-top:13.333px; margin-bottom:0px; text-indent:48px">We have reviewed the accompanying condensed consolidated balance sheet of OptimumBank Holdings, Inc. and Subsidiary (the &#147;Company&#148;) as of June&nbsp;30, 2007, and the condensed consolidated statements of earnings for the three- and six-month periods ended June&nbsp;30, 2007 and 2006 and the related condensed consolidated statements of stockholders&#146; equity and cash flows for the six-month periods ended June&nbsp;30, 2007 and 2006. These interim financial statements are the responsibility of the Company&#146;s management.</P>
<P style="margin-top:13.333px; margin-bottom:0px; text-indent:48px">We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.</P>
<P style="margin-top:13.333px; margin-bottom:0px; text-indent:48px">Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim condensed consolidated financial statements for them to be in conformity with U.S. generally accepted accounting principles.</P>
<P style="margin-top:13.333px; margin-bottom:0px; text-indent:48px">We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board, the consolidated balance sheet as of December&nbsp;31, 2006, and the related consolidated statements of earnings, stockholders&#146; equity and cash flows for the year then ended (not presented herein); and in our report dated March&nbsp;7, 2007, we expressed an unqualified opinion on those financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December&nbsp;31, 2006, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:8.867px; margin-bottom:0px">/s/ Hacker, Johnson &amp; Smith PA</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:8.867px; margin-bottom:0px">HACKER, JOHNSON &amp; SMITH PA</P>
<P style="margin:0px">Fort Lauderdale, Florida</P>
<P style="margin:0px">July&nbsp;27, 2007</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>11</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:LotusWP Icon; page-break-before:always" align=center><FONT FACE="LotusWP Icon"><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></FONT></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><FONT FACE="Times New Roman"><B>Item 2.&nbsp;Management&#146;s Discussion and Analysis</B></FONT></P>
<P style="margin:0px" align=center><B>of Financial Condition and Results of Operations</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Comparison of June&nbsp;30, 2007 and December&nbsp;31, 2006</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Liquidity and Capital Resources</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">The Company&#146;s primary sources of cash during the six months ended June&nbsp;30, 2007 were from an increase in other borrowings of approximately $21.0&nbsp;million, principal repayments of securities held to maturity of approximately $5.0&nbsp;million, net loan repayments of approximately $8.8&nbsp;million and cash provided from operating activities of approximately $1.7&nbsp;million. Cash was used primarily for purchases of securities of approximately $24.7&nbsp;million, to fund deposit withdrawals of approximately $7.6&nbsp;million and repayment of Federal Home Loan Bank advances of approximately $3.4&nbsp;million. At June&nbsp;30, 2007, the Company had time deposits of approximately $70.2&nbsp;million that mature in one year or less. At June&nbsp;30, 2007, the Company exceeded its regulatory liquidity requirements. Management believes that, if so desired, it can adjust the rates on time deposits to retain or attract deposits in a chan
ging interest-rate environment.</P>
<P style="margin-top:8.867px; margin-bottom:8.867px; padding-left:56px">The following table shows selected information for the periods ended or at the dates indicated:</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=325.733></TD><TD width=19.6></TD><TD width=7.733></TD><TD width=69></TD><TD width=19.6></TD><TD width=9.133></TD><TD width=64></TD><TD width=19.6></TD><TD width=9.6></TD><TD width=67.133></TD><TD width=12.867></TD></TR>
<TR><TD valign=bottom width=325.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months<BR>
Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=73.133 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Year Ended<BR>
December&nbsp;31,</B></P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months<BR>
Ended<BR>
June&nbsp;30,</B></P>
</TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=325.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=73.133 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.733 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=12.867><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=325.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=7.733><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;</P>
</TD><TD valign=bottom width=69><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9.133><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;</P>
</TD><TD valign=bottom width=64><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9.6><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;</P>
</TD><TD valign=bottom width=67.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=325.733><P style="margin:0px; padding-left:8px; text-indent:-8px">Average equity as a&nbsp;percentage <BR>
of average assets</P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69><P style="margin:0px" align=right>8.97</P>
</TD><TD valign=bottom width=19.6><P style="margin:0px">%</P>
</TD><TD valign=bottom width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64><P style="margin:0px" align=right>9.12</P>
</TD><TD valign=bottom width=19.6><P style="margin:0px">%</P>
</TD><TD valign=bottom width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=67.133><P style="margin:0px" align=right>9.16</P>
</TD><TD valign=bottom width=12.867><P style="margin:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=325.733><P style="margin-top:6.667px; margin-bottom:0px">Equity to total assets at end of period</P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69><P style="margin-top:6.667px; margin-bottom:0px" align=right>8.94</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64><P style="margin-top:6.667px; margin-bottom:0px" align=right>9.04</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=67.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>8.95</P>
</TD><TD valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=325.733><P style="margin-top:6.667px; margin-bottom:0px">Return on average assets (1)</P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69><P style="margin-top:6.667px; margin-bottom:0px" align=right>0.69</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64><P style="margin-top:6.667px; margin-bottom:0px" align=right>0.85</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=67.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>0.96</P>
</TD><TD valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=325.733><P style="margin-top:6.667px; margin-bottom:0px">Return on average equity (1)</P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69><P style="margin-top:6.667px; margin-bottom:0px" align=right>7.68</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64><P style="margin-top:6.667px; margin-bottom:0px" align=right>9.37</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=67.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>10.53</P>
</TD><TD valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=325.733><P style="margin-top:6.667px; margin-bottom:0px">Noninterest expenses to average assets (1)</P>
</TD><TD valign=bottom width=19.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=7.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=69><P style="margin-top:6.667px; margin-bottom:0px" align=right>1.63</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=64><P style="margin-top:6.667px; margin-bottom:0px" align=right>1.67</P>
</TD><TD valign=bottom width=19.6><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=9.6><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=67.133><P style="margin-top:6.667px; margin-bottom:0px" align=right>1.71</P>
</TD><TD valign=bottom width=12.867><P style="margin-top:6.667px; margin-bottom:0px">%</P>
</TD></TR>
</TABLE>
<P style="margin:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(1)</P>
<P style="margin:0px; padding-left:32px">Annualized for the six months ended June&nbsp;30, 2007 and 2006.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>12</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:LotusWP Icon; page-break-before:always" align=center><FONT FACE="LotusWP Icon"><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></FONT></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><FONT FACE="Times New Roman"><B>Item 2.&nbsp;Management&#146;s Discussion and Analysis</B></FONT></P>
<P style="margin:0px" align=center><B>of Financial Condition and Results of Operations, Continued</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><B>Off-Balance Sheet Arrangements</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and undisbursed loans in process. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amounts recognized in the condensed consolidated balance sheet. The contract or notional amounts of those instruments reflect the extent of the Company&#146;s involvement in particular classes of financial instruments.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">The Company&#146;s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and undisbursed loans in process is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total committed amounts do not necessarily represent future cash requirements. The Company evaluates each customer&#146;s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Company upon extension of credit, is based on management&#146;s credit evaluation of the counter party.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">A summary of the amounts of the Company&#146;s financial instruments, with off-balance sheet risk at June&nbsp;30, 2007, follows (in thousands):</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=454></TD><TD width=21.067></TD><TD width=8.467></TD><TD width=51.8></TD><TD width=4.267></TD></TR>
<TR><TD valign=bottom width=454><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=21.067><P style="margin:0px; font-size:10.667px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=51.8><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Contract<BR>
Amount</B></P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=4.267><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=454><P style="margin:0px">Commitments to extend credit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=21.067><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.8><P style="margin:0px" align=right>2,800</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.267><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=454><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=51.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.267><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=454><P style="margin:0px">Undisbursed loans in process</P>
</TD><TD valign=bottom width=21.067><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=51.8><P style="margin:0px" align=right>250</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=4.267><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:56px">Management believes that the Company has adequate resources to fund all of its commitments and that substantially all its existing commitments will be funded in the next twelve months.</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>13</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; padding-left:56px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Results of Operations</B></P>
<P style="margin-top:8.867px; margin-bottom:8.867px; text-indent:48px">The following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of interest and dividend income of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing liabilities and the resultant average cost; (iii) net interest income; (iv) interest-rate spread; (v) net interest margin; and (vi) ratio of average interest-earning assets to average interest-bearing liabilities.</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=245.267></TD><TD width=16.667></TD><TD width=6.667></TD><TD width=43.333></TD><TD width=16.733></TD><TD width=8.333></TD><TD width=37.333></TD><TD width=16.733></TD><TD width=4.733></TD><TD width=33.2></TD><TD width=16.733></TD><TD width=6.667></TD><TD width=43.4></TD><TD width=16.733></TD><TD width=8.333></TD><TD width=37.333></TD><TD width=16.733></TD><TD width=4.733></TD><TD width=33.2></TD><TD width=11.133></TD></TR>
<TR><TD valign=bottom width=245.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=350.933 colspan=17><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Three Months Ended June&nbsp;31,</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=167.067 colspan=8><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=167.133 colspan=8><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Balance</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Interest<BR>
and<BR>
Dividends</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Yield/<BR>
Rate</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.067 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Balance</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Interest<BR>
and<BR>
Dividends</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Yield/<BR>
Rate</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=350.933 colspan=17><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>($ in thousands)</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Interest-earning assets:</P>
</TD><TD valign=bottom width=16.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=4.733><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=4.733><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Loans</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>178,718</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>3,238</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>7.25</P>
</TD><TD valign=bottom width=16.733><P style="margin:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>173,395</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>3,081</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>7.11</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Securities</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>51,756</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>705</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.45</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>24,635</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>275</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.47</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Other (1)</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.333><P style="margin:0px" align=right>4,379</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>62</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.66</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>3,173</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>44</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.55</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total interest-earning assets/interest<BR>
income</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>234,853</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>4,005</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>6.82</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>201,203</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,400</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>6.76</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash and due from banks</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>239</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>277</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Premises and equipment</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>3,369</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>4,044</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Other</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.333><P style="margin:0px" align=right>2,196</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>2,251</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total assets</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>240,657</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>207,775</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Interest-bearing liabilities:</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P
 style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Savings, NOW and money-market<BR>
deposits</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>26,487</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>2967</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.47</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>8,580</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>42</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>1.96</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Time deposits</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>96,768</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>1,148</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.75</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>108,842</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>1,160</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.26</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:24px; text-indent:-8px">Borrowings (2)</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.333><P style="margin:0px" align=right>90,205</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>986</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.37</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>67,131</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>679</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.05</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total interest-bearing liabilities/<BR>
interest expense</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>213,460</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,430</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>4.55</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>184,553</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,881</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>4.08</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Noninterest-bearing demand deposits</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>2,150</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>884</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Other liabilites</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="margin:0px" align=right>3,948</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>2,964</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin:0px; padding-left:8px; text-indent:-8px">Stockholders&#146; equity</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.333><P style="margin:0px" align=right>21,099</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>19,374</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:5.533px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total liabilities and stockholders&#146;<BR>
equity</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>240,657</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>207,775</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Net interest income</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.333><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>1,575</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.333><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>1,519</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Interest-rate spread (3)</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.27</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.68</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=11.133><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Net interest margin (4)</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.68</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>3.02</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=11.133><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.267><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Ratio of average interest-earning assets to<BR>
average interest-bearing liabilities</P>
</TD><TD valign=bottom width=16.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>1.10</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>1.09</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px; padding-bottom:4px; border-bottom:1px solid #FFFFFF">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0px; margin-bottom:-12px; padding-left:32px; text-indent:-32px; border-bottom:1px solid #FFFFFF">(1)</P>
<P style="margin:0px; padding-left:32px; padding-bottom:4px; border-bottom:1px solid #FFFFFF">Includes interest-earning deposits with banks, Federal funds sold, and Federal Home Loan Bank stock dividends.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(2)</P>
<P style="margin:0px; padding-left:32px">Includes Federal Home Loan Bank advances, securities sold under agreements to repurchase and junior subordinated debenture.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(3)</P>
<P style="margin:0px; padding-left:32px">Interest-rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(4)</P>
<P style="margin:0px; padding-left:32px">Net interest margin is net interest income divided by average interest-earning assets.</P>
<P style="margin-top:3.333px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>14</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:3.333px; margin-bottom:0px; padding-left:32px; text-indent:-32px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">The following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of interest and dividend income of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing liabilities and the resultant average cost; (iii) net interest income; (iv) interest rate spread; (v) net interest margin; and (vi) ratio of average interest-earning assets to average interest-bearing liabilities.</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=245.133></TD><TD width=16.733></TD><TD width=6.667></TD><TD width=43.4></TD><TD width=16.733></TD><TD width=8.333></TD><TD width=37.333></TD><TD width=16.733></TD><TD width=4.733></TD><TD width=33.2></TD><TD width=16.733></TD><TD width=6.667></TD><TD width=43.4></TD><TD width=16.733></TD><TD width=8.333></TD><TD width=37.333></TD><TD width=16.733></TD><TD width=4.733></TD><TD width=33.2></TD><TD width=11.133></TD></TR>
<TR><TD valign=bottom width=245.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=351 colspan=17><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Six Months Ended June&nbsp;30,</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=167.133 colspan=8><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=167.133 colspan=8><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>2006</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.067 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Balance</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Interest<BR>
and<BR>
Dividends</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Yield/<BR>
Rate</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.067 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Balance</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.667 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Interest<BR>
and<BR>
Dividends</B></P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.933 colspan=2><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Average<BR>
Yield/<BR>
Rate</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=351 colspan=17><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>($ in thousands)</B></P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Interest-earning assets:</P>
</TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=4.733><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=4.733><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Loans</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>179,207</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>6,561</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>7.32</P>
</TD><TD valign=bottom width=16.733><P style="margin:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="margin:0px">$</P>
</TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>172,791</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="margin:0px">$</P>
</TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>6,091</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>7.05</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Securities</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>43,487</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>1,154</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.31</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>25,020</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>562</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.49</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Other (1)</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>4,032</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>117</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.80</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>3,349</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>89</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>5.32</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total interest-earning assets/interest<BR>
income</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>226,726</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>7,832</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>6.91</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>201,160</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>6,742</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>6.70</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Cash and due from banks</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>313</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>313</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Premises and equipment</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>3,571</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>4,055</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Other</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>2,404</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>2,431</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total assets</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>233,014</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:6.667px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>207,959</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Interest-bearing liabilities:</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P s
tyle="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Savings, NOW and money-market<BR>
deposits</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>26,635</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>582</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.37</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>7,948</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>65</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>1.64</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Time deposits</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>99,322</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>2,336</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.70</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>108,606</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="margin:0px" align=right>2,249</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.14</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:24px; text-indent:-8px">Borrowings (2)</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>81,019</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>1,752</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.32</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>68,692</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin:0px" align=right>1,386</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin:0px" align=right>4.04</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:6.667px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total interest-bearing liabilities/<BR>
interest expense</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>206,976</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>4,670</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>4.51</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>185,246</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.333><P style="margin-top:6.667px; margin-bottom:0px" align=right>3,700</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="margin-top:6.667px; margin-bottom:0px" align=right>4.00</P>
</TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:6.667px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Noninterest-bearing demand deposits</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>1,678</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin-top:6.667px; margin-bottom:0px" align=right>887</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Other liabilites</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>3,468</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="margin:0px" align=right>2,768</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin:0px; padding-left:8px; text-indent:-8px">Stockholders&#146; equity</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>20,892</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.4><P style="margin:0px" align=right>19,058</P>
</TD><TD style="border-bottom:1px solid #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:5.533px; margin-bottom:0px; padding-left:40px; text-indent:-8px">Total liabilities and stockholders&#146;<BR>
equity</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>233,014</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>207,959</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Net interest income</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.333><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>3,162</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=8.333><P style="margin-top:5.533px; margin-bottom:0px">$</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=37.333><P style="margin-top:5.533px; margin-bottom:0px" align=right>3,042</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Interest-rate spread (3)</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.40</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.70</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=11.133><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Net interest margin (4)</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>2.79</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD><TD valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=43.4><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=33.2><P style="margin-top:5.533px; margin-bottom:0px" align=right>3.02</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=11.133><P style="margin-top:5.533px; margin-bottom:0px">%</P>
</TD></TR>
<TR><TD valign=bottom width=245.133><P style="margin-top:5.533px; margin-bottom:0px; padding-left:8px; text-indent:-8px">Ratio of average interest-earning assets to<BR>
average interest-bearing liabilities</P>
</TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>1.10</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=6.667><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=43.4><P style="margin-top:5.533px; margin-bottom:0px" align=right>1.09</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=8.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=37.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=16.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=4.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=33.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=11.133><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(1)</P>
<P style="margin:0px; padding-left:32px">Includes interest-earning deposits with banks, Federal funds sold, and Federal Home Loan Bank stock dividends.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(2)</P>
<P style="margin:0px; padding-left:32px">Includes Federal Home Loan Bank advances, securities sold under agreements to repurchase and junior subordinated debenture.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(3)</P>
<P style="margin:0px; padding-left:32px">Interest-rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(4)</P>
<P style="margin:0px; padding-left:32px">Net interest margin is net interest income divided by average interest-earning assets.</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>15</P>
<P style="margin:0px"><BR></P>
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<P style="margin-top:17.8px; margin-bottom:0px; padding-left:48px; text-indent:-48px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>Comparison of the Three-Month Periods Ended June&nbsp;30, 2007 and 2006</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>General</I></B>.&#8194;Net earnings for the three months ended June&nbsp;30, 2007, were $387,000 or $.13 per basic and diluted share compared to net earnings of $486,000 or $.16 per basic and diluted share for the period ended June&nbsp;30, 2006. This decrease in the Company&#8217;s net earnings was primarily due to an increase in noninterest expenses and the provision for loan losses.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Interest Income</I></B>. &#8194;Interest income increased to $4.0&nbsp;million for the three months ended June&nbsp;30, 2007 from $3.4&nbsp;million for the three months ended June&nbsp;30, 2006. Interest income on loans increased to $3.2&nbsp;million due primarily to an increase in the average loan portfolio balance and an increase in the average yield earned from 7.11% for the three months ended June&nbsp;30, 2006 to 7.25% for the three months ended June&nbsp;30, 2007. Interest on securities increased to $705,000 due primarily to an increase in the average balance of the securities portfolio in 2007 and an increase in the average yield earned.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Interest Expense.</I></B> &#8194;Interest expense on deposits increased to $1.4&nbsp;million for the three months ended June&nbsp;30, 2007, from $1.2&nbsp;million for the three months ended June&nbsp;30, 2006. Interest expense increased primarily because of an increase in the average rate paid on deposits during 2007. Interest expense on borrowings increased to $986,000 for the three months ended June&nbsp;30, 2007 from $679,000 for the three months ended June&nbsp;30, 2006 due to an increase in the average balance of borrowings and an increase in the average rate paid on borrowings during 2007.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Provision for Loan Losses.</I></B>&#8194;The provision for loan losses is charged to earnings to bring the total allowance to a level deemed appropriate by management and is based upon historical experience, the volume and type of lending conducted by the Company, industry standards, the amount of nonperforming loans, general economic conditions, particularly as they relate to the Company&#146;s market areas, and other factors related to the estimated collectibility of the Company&#146;s loan portfolio. The provision for the three months ended June&nbsp;30, 2007, increased to $209,000, as compared to $27,000 for the same period in 2006, primarily to reflect the impairment in value of a collateral dependent single-family residential construction loan, which was paid off in June&nbsp;2007, through the sale of the underlying property. &nbsp;Charge-offs to the allowance for loan losses in the amount of $586,000 in the th
ree months ended June&nbsp;30, 2007, relate to this loan. Management believes the balance in the allowance for loan losses of $736,000 at June&nbsp;30, 2007, is adequate.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Noninterest Income.</I></B>&#8194;Total noninterest income decreased to $159,000 for the three months ended June&nbsp;30, 2007, from $180,000 for the three months ended June&nbsp;30, 2006, primarily due to a non-recurring litigation settlement received in 2006, partially offset by an increase in loan prepayment fees in 2007.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Noninterest Expenses</I></B>.&#8194;Total noninterest expenses increased to $905,000 for the three months ended June&nbsp;30, 2007 from $892,000 for the three months ended June&nbsp;30, 2006, primarily due to the continued growth of the Company.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Income Taxes.</I></B>&#8194;Income taxes for the three months ended June&nbsp;30, 2007, were $233,000 (an effective rate of 37.6%) compared to income taxes of $294,000 (an effective rate of 37.7%) for the three months ended June&nbsp;30, 2006.</P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>Comparison of the Six-Month Periods Ended June&nbsp;30, 2007 and 2006</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>General</I></B>.&#8194;Net earnings for the six months ended June&nbsp;30, 2007, were $802,000 or $.27 per basic and $.26 per diluted share compared to net earnings of $1,003,000 or $.34 per basic and $.32 per diluted share for the period ended June&nbsp;30, 2006. This decrease in the Company&#8217;s net earnings was primarily due to an increase in noninterest expenses and the provision for loan losses.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Interest Income</I></B>.&#8194;Interest income increased to $7.8&nbsp;million for the six months ended June&nbsp;30, 2007 from $6.7&nbsp;million for the six months ended June&nbsp;30, 2006. Interest income on loans increased to $6.6&nbsp;million due primarily to an increase in the average loan portfolio balance and an increase in the average yield earned from 7.05% for the six months ended June&nbsp;30, 2006 to 7.32% for the six months ended June&nbsp;30, 2007. Interest on securities increased to $1.2&nbsp;million due primarily to an increase in the average balance of the securities portfolio in 2007 and an increase in the average yield earned.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Interest Expense.</I></B>&#8194;Interest expense on deposits increased to $2.9&nbsp;million for the six months ended June&nbsp;30, 2007, from $2.3&nbsp;million for the six months ended June&nbsp;30, 2006. Interest expense increased primarily because of an increase in the average rate paid on deposits during 2007. Interest expense on borrowings increased to $1.8&nbsp;million for the six months ended June&nbsp;30, 2007 from $1.4&nbsp;million for the six months ended June&nbsp;30, 2006 due to an increase in the average balance of borrowings and an increase in the average rate paid on borrowings during 2007.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Provision for Loan Losses.</I></B>&#8194;The provision for loan losses is charged to earnings to bring the total allowance to a level deemed appropriate by management and is based upon historical experience, the volume and type of lending conducted by the Company, industry standards, the amount of nonperforming loans, general economic conditions, particularly as they relate to the Company&#146;s market areas, and other factors related to the estimated collectibility of the Company&#146;s loan portfolio. The increase in the provision for the six months ended June&nbsp;30, 2007, to $520,000, as compared to $133,000 for the same period in 2006, was primarily due to the impairment in value of a collateral dependent single-family residential construction loan, which was identified as impaired in the first quarter of 2007 and paid off in June&nbsp;2007, through the sale of the underlying property. &nbsp;Charge-offs in the 
allowance for loan losses in the amount of $758,000 in the six months ended June&nbsp;30, 2007, relate to this loan. Management believes the balance in the allowance for loan losses of $736,000 at June&nbsp;30, 2007, is adequate.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Noninterest Income.</I></B>&#8194;Total noninterest income decreased to $393,000 for the six months ended June&nbsp;30, 2007, from $452,000 for the six months ended June&nbsp;30, 2006, primarily due to gains recognized on the payoff of Federal Home Loan Bank advances in 2006, partially offset by increases in loan prepayment fees in 2007.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Noninterest Expenses</I></B>.&#8194;Total noninterest expenses was $1.8&nbsp;million for the six months ended June&nbsp;30, 2007 and $1.8&nbsp;million for the six months ended June&nbsp;30, 2006.</P>
<P style="margin-top:8.867px; margin-bottom:0px; padding-left:48px; text-indent:-16px"><B><I>Income Taxes.</I></B>&#8194;Income taxes for the six months ended June&nbsp;30, 2007, were $435,000 (an effective rate of 35.2%) compared to income taxes of $581,000 (an effective rate of 36.7%) for the six months ended June&nbsp;30, 2006.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px"><B>Item 3.</B></P>
<P style="margin:0px; text-indent:72px"><B>Controls and Procedures</B></P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">a.</P>
<P style="margin:0px; padding-left:48px"><I>Evaluation of Disclosure Controls and Procedures.</I>&#8194;The Company maintains controls and procedures designed to ensure that information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Based upon their evaluation of those controls and procedures performed within 90 days of the filing date of this report, the chief executive and principal accounting officers of the Company concluded that the Company&#146;s disclosure controls and procedures were adequate.</P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">b.</P>
<P style="margin:0px; padding-left:48px"><I>Changes in Internal Controls.</I>&#8194;The Company made no significant changes in its internal controls or in other factors that could significantly affect these controls subsequent to the date of the evaluation of those controls by the chief executive and principal accounting officers.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:8.867px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>PART II. OTHER INFORMATION</B></P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 4.</B></P>
<P style="margin:0px; text-indent:72px"><B>Submission of Matters to a Vote of Security Holders</B></P>
<P style="margin-top:8.867px; margin-bottom:0px">The Annual Meeting of the Shareholders (the &#147;Annual Meeting&#148;) of OptimumBank was held on April&nbsp;27, 2007, to consider the election of directors each for a term of one year.</P>
<P style="margin-top:8.867px; margin-bottom:0px">At the Annual Meeting, 2,189,837 shares were present in person or by proxy. The following is a summary and tabulation of the matters that were voted upon at the Annual Meeting:</P>
<P style="margin-top:8.867px; margin-bottom:0px"><B>Proposal I</B></P>
<P style="margin-top:8.867px; margin-bottom:8.867px">The election of directors each for a term of one year is as follows:</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=169.133></TD><TD width=25.333></TD><TD width=80.867></TD><TD width=25.333></TD><TD width=80.867></TD></TR>
<TR><TD valign=bottom width=169.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>For</B></P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=80.867><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Withheld</B></P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin:0px">Albert J. Finch</P>
</TD><TD valign=top width=25.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin:0px" align=right>2,188,312</P>
</TD><TD valign=top width=25.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin:0px" align=right>1,525</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Richard L. Browdy</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,167,312</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,525</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Michael Bedzow</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,169,983</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>19,854</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Sam Borek</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,189,337</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>500</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Irving P. Cohen</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,168,337</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>21,500</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Gordon Deckelbaum</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,189,337</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>500</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">H. David Krinsky</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,189,337</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>500</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Wendy Mitchler</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,188,312</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>1,525</P>
</TD></TR>
<TR><TD valign=bottom width=169.133><P style="margin-top:4.467px; margin-bottom:0px">Larry R. Willis</P>
</TD><TD valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>2,189,337</P>
</TD><TD style="border-bottom:4px double #FFFFFF" valign=top width=25.333><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:4px double #000000" valign=bottom width=80.867><P style="margin-top:4.467px; margin-bottom:0px" align=right>500</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:17.8px; margin-bottom:0px; padding-left:48px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>PART II. OTHER INFORMATION</B></P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 6.</B></P>
<P style="margin:0px; text-indent:72px"><B>Exhibits</B></P>
<P style="margin-top:8.867px; margin-bottom:0px">The following exhibits are filed with or incorporated by reference into this report. The exhibits denominated by (i) an asterisk (*) were previously filed as a part of a Registration Statement on Form 10-SB under the Exchange Act, filed with the Federal Deposit Insurance Corporation on March&nbsp;28, 2003; (ii) a double asterisk (**) were previously filed as a part of an Annual Report on Form 10-KSB filed with the Securities and Exchange Commission (&#147;SEC&#148;) on March&nbsp;30, 2004; (iii) a triple asterisk (***) were previously filed as part of a current report on Form 8-K filed with the SEC on May&nbsp;11, 2004; and (iv) a quadruple asterisk (****)were previously filed as part of a Quarterly Report on Form 10-QSB filed with the SEC on August&nbsp;12, 2004; (v) a quintuple asterisk (*****) were previously filed as part of an Annual Report on Form 10-KSB filed with the SEC on March&nbsp;31, 2005; and (vi) a sextuple asterisk (******) were previously file
d as part of an Annual Report on Form 10-KSB filed with the SEC on March&nbsp;31, 2006.</P>
<P style="margin-top:8.867px; margin-bottom:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=44.133></TD><TD width=18.467></TD><TD width=25.867></TD><TD width=18.467></TD><TD width=515.667></TD><TD width=1.4></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=88.467 colspan=3><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>&nbsp;<B>Exhibit No.</B></P>
</TD><TD valign=top width=18.467><P style="margin:0px; font-size:10.667px" align=center><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=515.667><P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>Description</B></P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>**</P>
</TD><TD valign=top width=18.467><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=25.867><P style="margin:0px; text-indent:3.2px">2.1</P>
</TD><TD valign=top width=18.467><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=515.667><P style="margin:0px">Agreement and Plan of Reorganization between OptimumBank and<BR>
OptimumBank Holdings, Inc. dated March&nbsp;23, 2004</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px"><BR></P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>***</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:3.2px">3.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Articles of Incorporation</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>***</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:3.2px">3.3</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Bylaws</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>****</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:3.2px">4.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Form of stock certificate</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>******</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">10.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Amended and Restated Stock Option Plan</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>*</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">10.2</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Non-employee Directors&#146; Fee Compensation and Stock Purchase Plan</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>*</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">10.3</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Agreement between OptimumBank, Albert J. Finch and Richard L. Browdy<BR>
dated June&nbsp;14, 2002</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="margin:0px" align=right>*****</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">14.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Code of Ethics for Chief Executive Officer and Senior Financial Officers</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">31.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Certification of Chief Executive Officer required by Rule 13a-14(a)/15d-14(a)<BR>
under the Exchange Act</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">31.2</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Certification of Chief Financial Officer required by Rule 13a-14(a)/15d-14(a)<BR>
under the Exchange Act</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">32.1</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Certification of Chief Executive Officer under &#167;906 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=44.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=25.867><P style="margin:0px; text-indent:-3.467px">32.2</P>
</TD><TD valign=top width=18.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=515.667><P style="margin:0px">Certification of Chief Financial Officer under &#167;906 of the Sarbanes-Oxley Act of 2002</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:3.333px; margin-bottom:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:17.8px; margin-bottom:0px; page-break-before:always" align=center><B>OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>PART II. OTHER INFORMATION</B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>SIGNATURES</B></P>
<P style="margin-top:8.867px; margin-bottom:20px">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 thereunto duly authorized.</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=168.133></TD><TD width=166.667></TD><TD width=19.267></TD><TD width=269.933></TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=289.2 colspan=2><P style="margin:0px"><B>OPTIMUMBANK HOLDINGS, INC.</B></P>
</TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=289.2 colspan=2><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</P>
</TD></TR>
<TR><TD valign=bottom width=168.133><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=168.133><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=168.133><P style="margin:0px">Date:&nbsp;&nbsp;August&nbsp;14, 2007</P>
</TD><TD valign=bottom width=166.667><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=19.267><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=269.933><P style="line-height:normal; margin:0px">/s/&nbsp;A<SMALL>LBERT<BIG> J. F<SMALL>INCH</SMALL></P>
</TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="margin:0px">Albert J. Finch, Chief Executive Officer</P>
</TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=168.133><P style="margin:0px">Date:&nbsp;&nbsp;August&nbsp;14, 2007</P>
</TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=269.933><P style="line-height:normal; margin:0px">/s/&nbsp;R<SMALL>ICHARD<BIG> L. B<SMALL>ROWDY</SMALL></P>
</TD></TR>
<TR><TD valign=bottom width=168.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=166.667><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=19.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=269.933><P style="margin:0px">Richard L. Browdy, Chief Financial Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>exhibit311.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NAME="author" CONTENT="Herbie Franqui">
<META NAME="date" CONTENT="08/14/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:17.333px; margin:0px; font-size:14.667px" align=right><B>EXHIBIT 31.1</B></P>
<P style="margin:0px" align=center><B><U>CERTIFICATIONS</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">I, Albert J. Finch, certify that:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>1.</P>
<P style="margin:0px; padding-left:96px" align=justify>I have reviewed this quarterly report on Form&nbsp;10-QSB of OptimumBank Holdings, Inc.;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>2.</P>
<P style="margin:0px; padding-left:96px" align=justify>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>3.</P>
<P style="margin:0px; padding-left:96px" align=justify>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>4.</P>
<P style="margin:0px; padding-left:96px" align=justify>The small business issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) for the small business issuer and have:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px" align=justify>(a)</P>
<P style="margin:0px; padding-left:144px" align=justify>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px" align=justify>(b)</P>
<P style="margin:0px; padding-left:144px" align=justify>Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and </P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px" align=justify>(c)</P>
<P style="margin:0px; padding-left:144px" align=justify>Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting.</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px" align=justify>5.</P>
<P style="margin:0px; padding-left:96px" align=justify>The small business issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px" align=justify>(a)</P>
<P style="margin:0px; padding-left:144px" align=justify>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px" align=justify>(b)</P>
<P style="margin:0px; padding-left:144px" align=justify>Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=54.733></TD><TD width=106.467></TD><TD width=180.333></TD><TD width=23.2></TD><TD width=257.867></TD><TD width=1.4></TD></TR>
<TR><TD valign=bottom width=54.733><P style="margin:0px">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="margin:0px">August 14, 2007</P>
</TD><TD valign=bottom width=180.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=23.2><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=257.867><P style="line-height:normal; margin:0px">/s/&nbsp;A<SMALL>LBERT<BIG> J. F<SMALL>INCH</SMALL></P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=54.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=106.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=180.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=257.867><P style="margin:0px">Albert J. Finch, Chief Executive Officer</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>exhibit312.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NAME="author" CONTENT="Herbie Franqui">
<META NAME="date" CONTENT="08/14/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px; text-indent:48px" align=right><B>EXHIBIT 31.2</B></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px; text-indent:48px">I, Richard L. Browdy, certify that:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">1.</P>
<P style="margin:0px; padding-left:96px">I have reviewed this quarterly report on Form&nbsp;10-QSB of OptimumBank Holdings, Inc.;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">2.</P>
<P style="margin:0px; padding-left:96px">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">3.</P>
<P style="margin:0px; padding-left:96px">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">4.</P>
<P style="margin:0px; padding-left:96px">The small business issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) for the small business issuer and have:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px">(a)</P>
<P style="margin:0px; padding-left:144px">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px">(b)</P>
<P style="margin:0px; padding-left:144px">Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and </P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px">(c)</P>
<P style="margin:0px; padding-left:144px">Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting.</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:96px; text-indent:-48px">5.</P>
<P style="margin:0px; padding-left:96px">The small business issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px">(a)</P>
<P style="margin:0px; padding-left:144px">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:144px; text-indent:-48px">(b)</P>
<P style="margin:0px; padding-left:144px">Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.</P>
<P style="margin-top:8.867px; margin-bottom:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=54.733></TD><TD width=106.467></TD><TD width=180.333></TD><TD width=23.2></TD><TD width=257.867></TD><TD width=1.4></TD></TR>
<TR><TD valign=bottom width=54.733><P style="margin:0px">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="margin:0px">August 14, 2007</P>
</TD><TD valign=bottom width=180.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=23.2><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=257.867><P style="line-height:normal; margin:0px">/s/&nbsp;R<SMALL>ICHARD<BIG> L. B<SMALL>ROWDY</SMALL></P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=54.733><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=106.467><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=180.333><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=23.2><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=257.867><P style="margin:0px">Richard L. Browdy, Chief Financial Officer</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR>
<BR></P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>exhibit321.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 32</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NAME="author" CONTENT="Herbie Franqui">
<META NAME="date" CONTENT="08/14/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=right><B>EXHIBIT 32.1</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CERTIFICATION PURSUANT TO</B></P>
<P style="margin:0px" align=center><B>18 U.S.C. SECTION 1350,</B></P>
<P style="margin:0px" align=center><B>AS ADDED BY</B></P>
<P style="margin:0px" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px">In connection with the Quarterly Report of OptimumBank Holdings, Inc. &nbsp;(the &quot;Company&quot;) on Form 10-QSB for the period ended June 30, 2007 as filed with the Securities and Exchange Commission (the &quot;Report&quot;), I, Albert J. Finch, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C.&#167; 1350, as added by &#167; 906 of the Sarbanes-Oxley Act of 2002, that:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">1.</P>
<P style="margin:0px; padding-left:80px">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">2.</P>
<P style="margin:0px; padding-left:80px">To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
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<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=56.933></TD><TD width=110.533></TD><TD width=187.267></TD><TD width=24.133></TD><TD width=267.733></TD><TD width=1.4></TD></TR>
<TR><TD valign=bottom width=56.933><P style="margin:0px">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=110.533><P style="margin:0px">August 14, 2007</P>
</TD><TD valign=bottom width=187.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=24.133><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=267.733><P style="line-height:normal; margin:0px">/s/&nbsp;A<SMALL>LBERT<BIG> J. F<SMALL>INCH</SMALL></P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=56.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=110.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=187.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=24.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=267.733><P style="margin:0px">Albert J. Finch, Chief Executive Officer</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
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<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>exhibit322.htm
<DESCRIPTION>CERTIFICATIONS
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<TITLE>Exhibit 32</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NAME="author" CONTENT="Herbie Franqui">
<META NAME="date" CONTENT="08/14/2007">
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<P style="margin:0px; text-indent:36.467px" align=right><B>EXHIBIT 32.2</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>CERTIFICATION PURSUANT TO</B></P>
<P style="margin:0px" align=center><B>18 U.S.C. SECTION 1350,</B></P>
<P style="margin:0px" align=center><B>AS ADDED BY</B></P>
<P style="margin:0px" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px">In connection with the Quarterly Report of OptimumBank Holdings, Inc. (the &quot;Company&quot;) on Form 10-QSB for the period ended June 30, 2007 as filed with the Securities and Exchange Commission (the &quot;Report&quot;), I, Richard L. Browdy, Chief Financial Officer (Principal Accounting Officer) of the Company, certify, pursuant to 18 U.S.C.&#167; 1350, as added by &#167; 906 of the Sarbanes-Oxley Act of 2002, that:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">1.</P>
<P style="margin:0px; padding-left:80px">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">2.</P>
<P style="margin:0px; padding-left:80px">To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the report.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=56.933></TD><TD width=110.533></TD><TD width=187.267></TD><TD width=24.133></TD><TD width=267.733></TD><TD width=1.4></TD></TR>
<TR><TD valign=bottom width=56.933><P style="margin:0px">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=110.533><P style="margin:0px">August 14, 2007</P>
</TD><TD valign=bottom width=187.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=24.133><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=267.733><P style="line-height:normal; margin:0px">/s/&nbsp;R<SMALL>ICHARD<BIG> L. B<SMALL>ROWDY</SMALL></P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=56.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=110.533><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=187.267><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=24.133><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=267.733><P style="margin:0px">Richard L. Browdy, Chief Financial Officer</P>
</TD><TD valign=bottom width=1.4><P style="font-size:2pt">&nbsp;</P></TD></TR>
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