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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>UNITED STATES</FONT></B></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>FORM 8-K</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CURRENT REPORT</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 OR 15(d) of</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The Securities Exchange Act of 1934</FONT></B></TD></TR></TABLE></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of Report (Date of earliest event reported) </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">January 20, 2009</FONT></B></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>CHINO COMMERCIAL BANCORP</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of registrant as specified in its charter)</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CA</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="35%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-52098</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">20-4797048</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State of incorporation)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="35%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Commission File Number)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(IRS Employer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="34%">&nbsp; </TD>
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     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Identification No.)</FONT>&nbsp; </TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">14345 Pipeline Avenue</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Chino, California</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="35%">&nbsp; </TD>
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     <TD noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">91710</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Address of Principal Executive Offices</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="35%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Zip Code</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(909) 393-8880</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Registrant&#146;s telephone number, including area code</FONT></TD></TR></TABLE></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:</FONT></P>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT> </TD></TR>
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<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 2.02 Results of Operations and Financial Condition</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>On January 19, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</FONT></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Exhibit 99.1.</FONT></TD></TR></TABLE></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Press release dated January 19, 2009</FONT></TD></TR></TABLE></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For Immediate Release</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">January 19, 2009</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">OTC BB: &#147;CCBC&#148;</FONT></TD></TR></TABLE></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CHINO COMMERCIAL BANCORP REPORTS YEAR END RESULTS.</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chino, California&#133; The Board of Directors of Chino Commercial Bancorp, the parent company of Chino Commercial Bank NA, announced the results of operations for the Bank and the consolidated holding company for the three and twelve months ended December 31, 2008. For the full year ended December 31, 2008 the company posted a consolidated net income of $308,948 a reduction from net income of $742,609 for 2007. Net income per basic share for the year ended December 31, 2008 was $0.44 as compared to $1.02 per share for the year ended December 31, 2007 or a reduction of 56.9% . Net income per fully diluted share was $0.41 as compared to $0.94 per diluted share for fiscal year 2007.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net income for the fourth quarter ended December 31, 2008 was $45,936 or $0.06 per diluted share, as compared to $130,144 or $0.17 per diluted share for the fourth quarter of 2007.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Dann H. Bowman, President and Chief Executive Officer stated, &#147;Despite lower net earnings in 2008, we are very pleased with the current condition of the Bank and its prospects for the next year. During 2008 the Bank made significant provisions to Loan Loss Reserve which reduced earnings; however, at year-end the Bank had no delinquent loans, and continues to be in a strong financial condition.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In part, because of the solid financial condition of the Bank and its low number of problem loans, the Board of Directors chose not to apply for Government support through the TARP program. The Bank currently has significant capacity to make new loans and serve the needs of its customers, so taking TARP money would be using taxpayer resources that could be used elsewhere.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Looking forward, we are optimistic about 2009 and beyond. The financial condition of the Bank is strong, and loan quality is good; and we see many opportunities for growth and expansion over the next several years.&#148;</FONT></P>
<P align=justify><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Financial Condition</FONT></U></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total deposits increased by 0.9% to $71.0 million at December 31, 2008 a slight increase from $70.4 million at December 31, 2007. Although we experienced a decrease in core deposits of 3.4%, from $68.2 million at December 31, 2007 to $65.9 million at December 31, 2008, our core deposits to total deposits remains very favorable at 92.9% .</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">At December 31, 2008, total assets were $83.4 million, a increase of $3.4 million or 4.3% from December 31, 2007.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross loans declined to $49.8 million at December 31, 2008 from $53.2 million at December 31, 2007 or a decrease of 6.4%, while total investments increased to $24.5 million from $11.3 million at December 31, 2007, a 116.2% increase.</FONT></P>
<P align=justify><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Earnings</FONT></U></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company posted net interest income of $3,425,701 for the year ended December 31, 2008 as compared to $4,170,211 for the year ended December 31, 2007. Average interest-earning assets were $68.3 million with average interest-bearing liabilities of $34.0 million yielding a net interest margin of 5.02% for the year ended December 31, 2008 as compared to average interest-bearing assets of $75.4 million with average interest-bearing liabilities of $31.6 million yielding a net interest margin of 5.53% for the year ended December 31, 2007. The 51 basis points decrease in the net interest margin was primarily a result of the higher average balances in interest-bearing liabilities and the effect of downward re-pricing of the benchmark for Federal funds rate and related Prime rate.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Bank posted net interest income of $799,650 for the three months ended December 31, 2008 as compared to $960,846 for the three months ended December 31, 2007. Average interest-earning assets were $71.4 million with average interest-bearing liabilities of $39.1 million yielding a net interest margin of 4.46% for the fourth quarter of 2008 as compared to average interest-bearing assets of $71.8 million with average interest-bearing liabilities of $34.9 million yielding a net interest margin of 5.31% for the three months ended December 31, 2007.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income totaled $1,092,529 or an increase of 16.8% from $935,103 earned during the year ended December 31, 2007. Service charges on deposit accounts increased 18.5% to $950,257 due to higher volume of returned items activity.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income for the quarter ended December 31, 2008 totaled $273,276 or a 14.9% increase from the fourth quarter of 2007. Service charges on deposit accounts similarly increased 17.3% to $241,512 due to increased of overdraft and return item charges.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses were $879,843 for the three months ended December 31, 2008 or a decrease of 2.0% as compared to $897,515 for the three months ended December 31, 2007. General and administrative expenses were $3,573,902 for the year ended December 31, 2008 as compared to $3,714,375 for the year ended December 31, 2007. The largest component of general and administrative expenses was salary and benefits expense which totaled $479,931 for the three months ended December 31, 2008 as compared to $464,190 for the three months ended December 31, 2007. Salary and benefits expense were $1,924,635 for the year ended December 31, 2008 as compared to $1,904,215 for the year ended December 31, 2007. The increase in Salaries and benefits expenses for the year was reflective of salary increases, incentive compensation, and the increase in retirement plan accruals.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The consolidated Company&#146;s income tax expense was $37,149 for the three months ended December 31, 2008 as compared to $97,837 for the three months ended December 31, 2007. Income tax expenses were $163,842 for the year ended December 31, 2008 as compared to $468,909 for the year ended December 31, 2007. The effective income tax rate for 2008 and 2007 was approximately 35% and 39%, respectively.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about the Bank&#146;s plans, objectives, management&#146;s expectations, intentions, relationships, opportunities, and technology and market condition statements. When used in these presentations, the words &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148;</FONT></P>
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<P align=justify><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#147;estimates,&#148; or words of similar meaning, or future or conditional verbs, such as &#147;will,&#148; &#147;would,&#148; &#147;should,&#148; &#147;could,&#148; or &#147;may&#148; are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Bank&#146;s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements for the reasons, among others, discussed in Bank&#146;s Annual Report on Form 10-KSB for the year ended December 31, 2007, which include: changes in general business and economic conditions may significantly affect the Bank&#146;s earnings; changes in level of market interest rates; changes in credit risks of lending activities and competitive factors; effective income tax rates, relationships with major customers, extent and timing of legislative and regulatory actions and reforms. The Bank is not obligated to update and does not undertake to update any of its forward-looking statements made herein.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contact: Dann H. Bowman, President and CEO or Sandra F. Pender, Senior Vice President and CFO, Chino Commercial Bank, N.A., 14345 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.</FONT></P>
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     <TD align=center width="99%" colSpan=9><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CHINO COMMERCIAL BANCORP</FONT></B> </TD></TR>
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     <TD align=center width="99%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>CONSOLIDATED BALANCE SHEET</FONT> </TD></TR>
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     <TD align=center width="99%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31, 2008 and December 31, 2007</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>December 31, 2008</FONT></B> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>December 31, 2007</FONT></B> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(audited)</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>ASSETS:</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and due from banks</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,877,897</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,487,933</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
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     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Federal funds sold</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,440,000</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and cash equivalents</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,877,897</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,927,933</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest-bearing deposits in other banks</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>12,498,000</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>99,000</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities available for sale</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,791,651</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,339,354</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities held to maturity (fair value approximates</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$3,186,000 at December 31, 2008 and $3,880,000 at December 31, 2007)</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,167,401</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,873,251</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total investments</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>24,457,052</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,311,605</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Construction</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>820,888</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,606,750</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Real estate</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>38,206,584</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,726,301</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Commercial</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,194,759</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,062,969</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Installment</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>543,937</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>790,535</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Gross loans</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,766,168</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,186,555</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Unearned fees and discounts</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(77,542</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt solid" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(87,389</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt solid" noWrap align=left width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans net of unearned fees and discount</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,688,626</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,099,166</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Allowance for loan losses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(702,409</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt solid" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(725,211</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt solid" noWrap align=left width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Net loans</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>48,986,217</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>52,373,955</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest receivable</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>313,428</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>326,990</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Restricted stock</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>677,650</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>654,250</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Fixed assets, net</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,980,476</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,085,203</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other real estate</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>653,131</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Prepaid &amp; other assets</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,447,295</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,268,909</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,393,146</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,948,845</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>LIABILITIES:</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest bearing</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>32,600,750</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>42,270,696</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest Bearing</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>NOW and money market</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,434,407</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>22,711,556</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Savings</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,064,668</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,202,965</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Time deposits less than $100,000</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,842,310</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,054,915</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Time deposits of $100,000 or greater</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,055,617</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,156,778</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>70,997,752</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>70,396,910</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=9><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest payable</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>56,061</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>63,962</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Borrowings from Federal Home Loan Bank</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,400,000</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued expenses &amp; other payables</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>665,580</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>509,389</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Subordinated debentures</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>77,212,393</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>74,063,261</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>STOCKHOLDERS' EQUITY</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Common stock, authorized 10,000,000 shares with no par value, issued</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>and outstanding 708,420 shares and 704,278 shares at December 31,</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="14%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2008 and December 31, 2007, respectively.</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,599,673</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,639,462</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Retained earnings</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,552,105</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,249,982</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accumulated other comprehensive loss</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,975</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(3,860</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt solid" noWrap align=left width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,180,753</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,885,584</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities &amp; stockholders' equity</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="3%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,393,146</FONT> </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="14%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,948,845</FONT> </TD>
     <TD noWrap align=left width="3%"><FONT size=2>&nbsp; </FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_6"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD align=center width="64%" colSpan=10><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1>CHINO COMMERCIAL BANCORP</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="31%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp;</FONT></TD>
     <TD align=center width="64%" colSpan=10><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>CONSOLIDATED STATEMENTS OF INCOME</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD align=center width="64%" colSpan=10><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=13><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="30%" colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the three months ended</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="30%" colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the year ended</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="30%" colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31</FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="30%" colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2008</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="13%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="13%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2008</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="13%"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities and due from banks</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>148,104</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>135,202</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>489,168</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>632,016</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on Federal funds sold</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,868</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>69,497</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>82,700</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>450,192</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest and fee income on loans</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>907,322</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,050,301</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,827,135</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,064,036</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,071,294</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,255,000</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,399,003</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,146,244</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest expense</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>220,527</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>242,991</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>768,324</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>771,083</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on Federal funds purchased</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>89</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,063</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on FHLB borrowings</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>65</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>65</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other borrowings</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>50,963</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,163</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>203,850</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>204,950</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest expense</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>271,644</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>294,154</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>973,302</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>976,033</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>799,650</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>960,846</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,425,701</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,170,211</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Provision for loan losses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>109,998</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>73,218</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>471,538</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>179,421</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income after</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provision for loan losses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>689,652</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>887,628</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,954,163</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,990,790</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Service charges on deposit accounts</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>241,512</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>205,887</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>950,257</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>801,746</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other miscellaneous fee income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,843</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,415</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>35,974</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>33,824</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dividend income from restricted stock</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,920</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>9,105</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>43,381</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,257</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income from bank owned life insurance</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>16,001</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,461</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>62,917</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>62,276</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total non-interest income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>273,276</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>237,868</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,092,529</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>935,103</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>General and administrative expenses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="13%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Salaries and employee benefits</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>479,931</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>464,190</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,924,635</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,904,215</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Occupancy and equipment</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>84,070</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>82,587</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>345,982</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>340,032</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Data and item processing</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>77,439</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>87,451</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>323,164</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>331,385</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Advertising and marketing</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,778</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,776</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>76,282</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>152,984</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Legal and professional fees</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>46,301</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>44,954</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>191,064</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>207,019</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Regulatory Assessments</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>23,609</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>22,437</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>86,946</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>91,717</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Insurance</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,746</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,048</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>31,639</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>30,734</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors' fees and expenses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,657</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,401</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>77,375</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,034</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other expenses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>125,312</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>128,671</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>516,815</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>577,255</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total general &amp; administrative expenses</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>879,843</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>897,515</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,573,902</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,714,375</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income before income tax expense</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,085</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>227,981</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>472,790</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,211,518</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income tax expense</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,149</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>97,837</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>163,842</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>468,909</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net income</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>45,936</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>130,144</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>308,948</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>742,609</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Basic earnings per share</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.07</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.18</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.44</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1.02</FONT><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="31%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Diluted earnings per share</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.06</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.17</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.41</FONT><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="13%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.94</FONT><FONT size=2>&nbsp; </FONT></TD></TR></TABLE><BR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURE</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>January 20, 2009</FONT></TD></TR></TABLE></P>
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     <TD width=215>&nbsp;</TD>
     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By: </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ Sandra F. Pender</FONT></U><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandra F. Pender</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Chief Financial Officer</FONT></TD></TR></TABLE></P>
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[{"type": "8-K", "sequence": "1", "filename": "ccb8k20090120.htm", "description": "RESULTS OF OPERATIONS AND FINANCIAL CONDITION", "secsgml_size_bytes": 119367}]
{"company-data": {"conformed-name": "Chino Commercial Bancorp", "cik": "0001365794", "assigned-sic": "6021", "irs-number": "204797048", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52098", "film-number": "09534482"}, "business-address": {"street1": "14345 PIPELINE AVENUE", "city": "CHINO", "state": "CA", "zip": "91710", "phone": "909-393-8880"}, "mail-address": {"street1": "14345 PIPELINE AVENUE", "city": "CHINO", "state": "CA", "zip": "91710"}}
ccb8k20090120.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 20, 2009
CHINO COMMERCIAL BANCORP
(Exact name of registrant as specified in its charter)
CA
000-52098
20-4797048
(State of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
14345 Pipeline Avenue
Chino, California
91710
Address of Principal Executive Offices
Zip Code
(909) 393-8880
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On January 19, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Exhibit 99.1.
Press release dated January 19, 2009
For Immediate Release
January 19, 2009
OTC BB: "CCBC"
CHINO COMMERCIAL BANCORP REPORTS YEAR END RESULTS.
Chino, California… The Board of Directors of Chino Commercial Bancorp, the parent company of Chino Commercial Bank NA, announced the results of operations for the Bank and the consolidated holding company for the three and twelve months ended December 31, 2008. For the full year ended December 31, 2008 the company posted a consolidated net income of $308,948 a reduction from net income of $742,609 for 2007. Net income per basic share for the year ended December 31, 2008 was $0.44 as compared to $1.02 per share for the year ended December 31, 2007 or a reduction of 56.9% . Net income per fully diluted share was $0.41 as compared to $0.94 per diluted share for fiscal year 2007.
Net income for the fourth quarter ended December 31, 2008 was $45,936 or $0.06 per diluted share, as compared to $130,144 or $0.17 per diluted share for the fourth quarter of 2007.
Dann H. Bowman, President and Chief Executive Officer stated, "Despite lower net earnings in 2008, we are very pleased with the current condition of the Bank and its prospects for the next year. During 2008 the Bank made significant provisions to Loan Loss Reserve which reduced earnings; however, at year-end the Bank had no delinquent loans, and continues to be in a strong financial condition.
In part, because of the solid financial condition of the Bank and its low number of problem loans, the Board of Directors chose not to apply for Government support through the TARP program. The Bank currently has significant capacity to make new loans and serve the needs of its customers, so taking TARP money would be using taxpayer resources that could be used elsewhere.
Looking forward, we are optimistic about 2009 and beyond. The financial condition of the Bank is strong, and loan quality is good; and we see many opportunities for growth and expansion over the next several years."
Financial Condition
Total deposits increased by 0.9% to $71.0 million at December 31, 2008 a slight increase from $70.4 million at December 31, 2007. Although we experienced a decrease in core deposits of 3.4%, from $68.2 million at December 31, 2007 to $65.9 million at December 31, 2008, our core deposits to total deposits remains very favorable at 92.9% .
At December 31, 2008, total assets were $83.4 million, a increase of $3.4 million or 4.3% from December 31, 2007.
Gross loans declined to $49.8 million at December 31, 2008 from $53.2 million at December 31, 2007 or a decrease of 6.4%, while total investments increased to $24.5 million from $11.3 million at December 31, 2007, a 116.2% increase.
Earnings
The Company posted net interest income of $3,425,701 for the year ended December 31, 2008 as compared to $4,170,211 for the year ended December 31, 2007. Average interest-earning assets were $68.3 million with average interest-bearing liabilities of $34.0 million yielding a net interest margin of 5.02% for the year ended December 31, 2008 as compared to average interest-bearing assets of $75.4 million with average interest-bearing liabilities of $31.6 million yielding a net interest margin of 5.53% for the year ended December 31, 2007. The 51 basis points decrease in the net interest margin was primarily a result of the higher average balances in interest-bearing liabilities and the effect of downward re-pricing of the benchmark for Federal funds rate and related Prime rate.
The Bank posted net interest income of $799,650 for the three months ended December 31, 2008 as compared to $960,846 for the three months ended December 31, 2007. Average interest-earning assets were $71.4 million with average interest-bearing liabilities of $39.1 million yielding a net interest margin of 4.46% for the fourth quarter of 2008 as compared to average interest-bearing assets of $71.8 million with average interest-bearing liabilities of $34.9 million yielding a net interest margin of 5.31% for the three months ended December 31, 2007.
Non-interest income totaled $1,092,529 or an increase of 16.8% from $935,103 earned during the year ended December 31, 2007. Service charges on deposit accounts increased 18.5% to $950,257 due to higher volume of returned items activity.
Non-interest income for the quarter ended December 31, 2008 totaled $273,276 or a 14.9% increase from the fourth quarter of 2007. Service charges on deposit accounts similarly increased 17.3% to $241,512 due to increased of overdraft and return item charges.
General and administrative expenses were $879,843 for the three months ended December 31, 2008 or a decrease of 2.0% as compared to $897,515 for the three months ended December 31, 2007. General and administrative expenses were $3,573,902 for the year ended December 31, 2008 as compared to $3,714,375 for the year ended December 31, 2007. The largest component of general and administrative expenses was salary and benefits expense which totaled $479,931 for the three months ended December 31, 2008 as compared to $464,190 for the three months ended December 31, 2007. Salary and benefits expense were $1,924,635 for the year ended December 31, 2008 as compared to $1,904,215 for the year ended December 31, 2007. The increase in Salaries and benefits expenses for the year was reflective of salary increases, incentive compensation, and the increase in retirement plan accruals.
The consolidated Company's income tax expense was $37,149 for the three months ended December 31, 2008 as compared to $97,837 for the three months ended December 31, 2007. Income tax expenses were $163,842 for the year ended December 31, 2008 as compared to $468,909 for the year ended December 31, 2007. The effective income tax rate for 2008 and 2007 was approximately 35% and 39%, respectively.
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about the Bank's plans, objectives, management's expectations, intentions, relationships, opportunities, and technology and market condition statements. When used in these presentations, the words "expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," or words of similar meaning, or future or conditional verbs, such as "will," "would," "should," "could," or "may" are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Bank's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements for the reasons, among others, discussed in Bank's Annual Report on Form 10-KSB for the year ended December 31, 2007, which include: changes in general business and economic conditions may significantly affect the Bank's earnings; changes in level of market interest rates; changes in credit risks of lending activities and competitive factors; effective income tax rates, relationships with major customers, extent and timing of legislative and regulatory actions and reforms. The Bank is not obligated to update and does not undertake to update any of its forward-looking statements made herein.
Contact: Dann H. Bowman, President and CEO or Sandra F. Pender, Senior Vice President and CFO, Chino Commercial Bank, N.A., 14345 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.
CHINO COMMERCIAL BANCORP
CONSOLIDATED BALANCE SHEET
December 31, 2008 and December 31, 2007
December 31, 2008
December 31, 2007
(unaudited)
(audited)
ASSETS:
Cash and due from banks
$
3,877,897
$
3,487,933
Federal funds sold
0
7,440,000
Cash and cash equivalents
3,877,897
10,927,933
Interest-bearing deposits in other banks
12,498,000
99,000
Investment securities available for sale
8,791,651
7,339,354
Investment securities held to maturity (fair value approximates
$3,186,000 at December 31, 2008 and $3,880,000 at December 31, 2007)
3,167,401
3,873,251
Total investments
24,457,052
11,311,605
Loans
Construction
820,888
2,606,750
Real estate
38,206,584
39,726,301
Commercial
10,194,759
10,062,969
Installment
543,937
790,535
Gross loans
49,766,168
53,186,555
Unearned fees and discounts
(77,542
)
(87,389
)
Loans net of unearned fees and discount
49,688,626
53,099,166
Allowance for loan losses
(702,409
)
(725,211
)
Net loans
48,986,217
52,373,955
Accrued interest receivable
313,428
326,990
Restricted stock
677,650
654,250
Fixed assets, net
1,980,476
2,085,203
Other real estate
653,131
0
Prepaid & other assets
2,447,295
2,268,909
Total assets
$
83,393,146
$
79,948,845
LIABILITIES:
Deposits
Non-interest bearing
$
32,600,750
$
42,270,696
Interest Bearing
NOW and money market
28,434,407
22,711,556
Savings
1,064,668
1,202,965
Time deposits less than $100,000
3,842,310
2,054,915
Time deposits of $100,000 or greater
5,055,617
2,156,778
Total deposits
70,997,752
70,396,910
Accrued interest payable
56,061
63,962
Borrowings from Federal Home Loan Bank
2,400,000
0
Accrued expenses & other payables
665,580
509,389
Subordinated debentures
3,093,000
3,093,000
Total liabilities
77,212,393
74,063,261
STOCKHOLDERS' EQUITY
Common stock, authorized 10,000,000 shares with no par value, issued
and outstanding 708,420 shares and 704,278 shares at December 31,
2008 and December 31, 2007, respectively.
2,599,673
2,639,462
Retained earnings
3,552,105
3,249,982
Accumulated other comprehensive loss
28,975
(3,860
)
Total equity
6,180,753
5,885,584
Total liabilities & stockholders' equity
$
83,393,146
$
79,948,845
CHINO COMMERCIAL BANCORP
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
For the three months ended
For the year ended
December 31
December 31
2008
2007
2008
2007
Interest income
Investment securities and due from banks
$
148,104
$
135,202
$
489,168
$
632,016
Interest on Federal funds sold
15,868
69,497
82,700
450,192
Interest and fee income on loans
907,322
1,050,301
3,827,135
4,064,036
Total interest income
1,071,294
1,255,000
4,399,003
5,146,244
Interest expense
Deposits
220,527
242,991
768,324
771,083
Interest on Federal funds purchased
89
0
1,063
0
Interest on FHLB borrowings
65
0
65
0
Other borrowings
50,963
51,163
203,850
204,950
Total interest expense
271,644
294,154
973,302
976,033
Net interest income
799,650
960,846
3,425,701
4,170,211
Provision for loan losses
109,998
73,218
471,538
179,421
Net interest income after
provision for loan losses
689,652
887,628
2,954,163
3,990,790
Non-interest income
Service charges on deposit accounts
241,512
205,887
950,257
801,746
Other miscellaneous fee income
8,843
7,415
35,974
33,824
Dividend income from restricted stock
6,920
9,105
43,381
37,257
Income from bank owned life insurance
16,001
15,461
62,917
62,276
Total non-interest income
273,276
237,868
1,092,529
935,103
General and administrative expenses
Salaries and employee benefits
479,931
464,190
1,924,635
1,904,215
Occupancy and equipment
84,070
82,587
345,982
340,032
Data and item processing
77,439
87,451
323,164
331,385
Advertising and marketing
15,778
39,776
76,282
152,984
Legal and professional fees
46,301
44,954
191,064
207,019
Regulatory Assessments
23,609
22,437
86,946
91,717
Insurance
7,746
8,048
31,639
30,734
Directors' fees and expenses
19,657
19,401
77,375
79,034
Other expenses
125,312
128,671
516,815
577,255
Total general & administrative expenses
879,843
897,515
3,573,902
3,714,375
Income before income tax expense
83,085
227,981
472,790
1,211,518
Income tax expense
37,149
97,837
163,842
468,909
Net income
$
45,936
$
130,144
$
308,948
$
742,609
Basic earnings per share
$
0.07
$
0.18
$
0.44
$
1.02
Diluted earnings per share
$
0.06
$
0.17
$
0.41
$
0.94
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
January 20, 2009
By:
/s/ Sandra F. Pender
Sandra F. Pender
Senior Vice President and Chief Financial Officer