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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>UNITED STATES</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B></TD></TR></TABLE></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></TD></TR></TABLE></P>
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     <TD noWrap align=center><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>
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     <TD noWrap 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">July 23, 2007</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>CHINO COMMERCIAL BANCORP</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><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><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CA</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-52098</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center><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><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State of incorporation)</FONT>&nbsp; </TD>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(IRS Employer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Identification No.)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center><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><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Chino, California</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">91710</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center><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><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Zip Code</FONT>&nbsp; </TD></TR></TABLE><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>&#168;</FONT>&nbsp; &nbsp; &nbsp; </TD>
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<P align=left><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></P>
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<P align=left><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></P>
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<P align=left><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></P>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp; &nbsp; &nbsp; </TD>
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<P align=left><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></P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 2.02 Results of Operations and Financial Condition </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>On July 23, 2007 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 July 23, 2007</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For Release</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">July 23, 2007</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 SECOND QUARTER EARNINGS</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 second quarter ended June 30, 2007 with net earnings of $225,207 as compared with net earnings of $277,642 for the same quarter of 2006. The net earnings for the most recent quarter represent $0.29 per diluted share, as compared with $0.31 per diluted share, or reduction of 6.45% from the same quarter last year. Earnings year-to-date were $402,990 or $0.50 per diluted share as compared with net earnings of $542,173 or $0.61 per diluted share for the same period last year.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The reduction in net income for the second quarter was caused in part by an FDIC assessment of $20,519 and interest expense on trust preferred securities of $50,962 which were not present during the same quarter last year. The year-to-date earnings were also impacted by a provision for loan loss reserves during the first quarter of $77,174 coupled with the FDIC assessment in the second quarter as well as $101,925 in interest expense on trust preferred securities. These combined expenses, which were not experienced in 2006 lowered pre-tax earnings by roughly $122,400 in the second quarter, and $154,400 year-to-date.</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;The formation of the Bank holding company last year, and certain regulatory expenses year-to-date make a direct comparison with last year&#146;s operations difficult; however, we are very pleased with the fundamentals of the Bank. At the end of the quarter the Bank had no delinquent or non-performing loans, no loans on non-accrual and no credit losses year-to-date.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net earnings for the six months ended June 30, 2007 represent a return on average equity of 12.82% and a return on average assets of 0.93% compared to net earnings for the six months ended June 30, 2006 which represented a return on average equity of 15.46% and return on average assets of 1.22% .</FONT></P>
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     <TD noWrap><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Financial Condition</FONT></U></TD></TR></TABLE></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">At June 30, 2007, total assets were $84.9 million, a decline of $5.6 million or 6.2% from December 31, 2006.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Loans decreased $2.2 million during the first half of 2007 from $51.8 million at December 31, 2006 to an outstanding balance of $49.6 million at June 30, 2007. This represents a 4.2% decrease. Although the outstanding balances decreased, the committed but undisbursed portion of loans increased $3.3 million. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total deposits declined by 4.9% to $75.6 million at June 30, 2007, a decrease from $79.5 million at December 31, 2006. The Company&#146;s core deposits represent 96.9% of the total deposits.</FONT></P>
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     <TD noWrap><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Earnings</FONT></U></TD></TR></TABLE></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company posted net interest income for quarters ended June 30, 2007 and June 30, 2006 of $1,112,620 and $1,162,162, respectively. For six months ended June 30, the Company posted net interest income of $2,186,896 and $2,263,883 for 2007 and 2006, respectively. Average interest-earning assets were $76.7 million with average interest-bearing liabilities of $29.9 million yielding a net interest margin of 5.69% for the six months ended June 30, 2007 as compared to average interest-bearing assets of $80.5 million with average interest-bearing liabilities of $23.6 million yielding a net interest margin of 5.62% for the six months ended June 30, 2006. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income totaled $229,289 for the three months ended June 30, 2007, or a 46.1% increase from $156,963 earned during the second quarter of 2006. Non-interest income increased 45.3% for the six months ended June 30, 2007 totaling $441,159 as compared to $303,720 for the six ended June 30, 2006. Service charges on deposit accounts accounted for the majority of the increase in non-interest income. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses were $983,390 and $1,921,069 for the three and six months ended June 30, 2007 as compared to $844,139 and $1,647,377 for the three and six months ended June 30, 2006. The largest component of general and administrative expenses was salary and benefits expense of $496,303 for the second quarter of 2007 as compared to $433,195 for the three months ended June 30, 2006. Year-to-date comparisons of salary and benefits expense reports $978,155 for six months ended June 2007 and $842,343 for the same period in 2006. The increase in Salaries and benefits expenses was reflective of staff increases, 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">Income tax expense was $138,561 and $243,352 for the three and six months June 30, 2007 as compared to $177,844 and $349,803 for the same periods of 2006. The effective income tax rate for 2007 and 2006 is approximately 39%. </FONT></P>
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<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; &#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 Company&#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.</FONT></P>
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     <TD align=center 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 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 colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>June 30, 2007 and December 31, 2006</FONT> </TD></TR>
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     <TD align=center colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT> </TD></TR>
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     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1>June 30, 2007</FONT></B> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1>December 31, 2006</FONT></B> </TD>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>ASSETS:</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
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     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and due from banks</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,044,733</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
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     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,201,391</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Federal funds sold</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,345,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,775,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and cash equivalents</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>17,389,733</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>14,976,391</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest-bearing deposits in other banks</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>496,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,541,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities available for sale</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,470,207</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,839,152</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities held to maturity (fair value approximates</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$4,264,000 at March 31, 2007 and $4,696,000 at December 31, 2006)</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,372,852</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,784,277</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total investments</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>13,339,059</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,164,429</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
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     <TD noWrap align=left>&nbsp; </TD>
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     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Construction</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,720,521</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,925,067</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Real estate</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>36,445,989</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,521,967</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Commercial</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,599,833</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,655,290</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Installment</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>823,157</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>670,765</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Unearned fees and discounts</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(113,495</FONT> </TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(136,046</FONT> </TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Allowance for loan losses</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(676,452</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(615,808</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total loans</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>48,799,553</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,021,235</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Restricted stock</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>643,250</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>627,500</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest receivable</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>294,285</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>385,764</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Fixed assets, net</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,172,077</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,222,503</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Prepaid &amp; other assets</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,216,604</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,076,976</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total assets</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>84,854,561</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>90,474,798</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR>
     <TD colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>LIABILITIES:</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest bearing</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,080,460</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,845,147</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest Bearing</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>26,480,027</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>25,608,988</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total deposits</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>75,560,487</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,454,135</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest payable</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>57,283</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>61,477</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued expenses &amp; other payables</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>431,725</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>412,745</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Subordinated debentures</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,142,495</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,021,357</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>STOCKHOLDERS' EQUITY</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Common stock, authorized 10,000,000 shares with no par value, issued</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>and outstanding 714,732 shares and 808,214 shares at June 30, 2007</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>and December 31, 2006, respectively.</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,868,257</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,022,984</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Retained earnings</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,910,363</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,507,373</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accumulated other comprehensive loss</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(66,554</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(76,916</FONT> </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total equity</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,712,066</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,453,441</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities &amp; equity</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>84,854,561</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>90,474,798</FONT> </TD>
     <TD noWrap align=left>&nbsp; </TD></TR></TABLE><BR>
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     <TD align=center colSpan=14><FONT size=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2><FONT size=2>CHINO COMMERCIAL BANCORP</FONT></FONT></B></FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=14><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>CONSOLIDATED STATEMENTS OF INCOME</FONT></FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=14><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT></FONT></TD></TR>
<TR>
     <TD colSpan=14><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=center colSpan=5><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the three months ended</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=center colSpan=4><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the six months ended</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=center colSpan=5><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>June 30</FONT>&nbsp; &nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=center colSpan=4><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>June 30</FONT>&nbsp; &nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2006</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center><FONT size=2>&nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2006</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on investment scurities</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>149,129</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>304,404&nbsp;&nbsp;</FONT></FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>314,051</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>597,278</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on Federal funds and Due From Banks Time</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>155,723</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>108,702</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>298,866</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>186,576</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest and fee income on loans</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,025,614</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>865,034</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,002,785</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,676,213</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,330,466</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,278,140</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,615,702</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,460,067</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest expense</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>166,584</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>115,678</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>326,281</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>195,584</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other borrowings</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,262</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>300</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>102,525</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>600</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest expense</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>217,846</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>115,978</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>428,806</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>196,184</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,112,620</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,162,162</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,186,896</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,263,883</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Provision for loan losses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(5,249</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,500</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>60,644</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,250</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income after</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provision for loan losses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,117,869</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,142,662</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,126,252</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,235,633</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Service charges on deposit accounts</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>194,739</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>134,926</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>372,421</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>263,874</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other miscellaneous fee income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,693</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,793</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>16,803</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,921</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dividend income from restricted stock</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,638</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,740</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>20,513</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,740</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income from bank owned life insurance</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,219</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,504</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>31,422</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>30,185</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total non-interest income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>229,289</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>156,963</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>441,159</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>303,720</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>General and administrative expenses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Salaries and employee benefits</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>496,303</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>433,195</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>978,155</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>842,373</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Occupancy and equipment</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>87,083</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>97,314</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>180,323</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>201,953</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Data and item processing</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>78,768</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>61,753</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>145,358</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>122,711</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Advertising and marketing</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>35,845</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>25,529</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>75,371</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,978</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Legal and professional fees</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>85,018</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>45,541</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>155,369</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>89,363</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Insurance</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,187</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,196</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>14,545</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>12,340</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors' fees and expenses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,800</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>22,285</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>40,250</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>44,356</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other expenses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>172,386</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>152,326</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>331,698</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>294,303</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total general &amp; administrative expenses</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>983,390</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>844,139</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,921,069</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,647,377</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income before income tax expense</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>363,768</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>455,486</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>646,342</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>891,976</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income tax expense</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>138,561</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>177,844</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>243,352</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>349,803</FONT>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total income</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>225,207</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>277,642</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>402,990</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>542,173</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Basic earnings per share</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.31</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.34</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.54</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.66</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Diluted earnings per share</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.29</FONT></FONT></TD>
     <TD noWrap align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.31</FONT>&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.50</FONT>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD noWrap align=right><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right background=""><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.61</FONT>&nbsp;&nbsp;&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>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>July 23, 2007</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sandra F. Pender</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Vice President and Chief Financial Officer</FONT></TD></TR></TABLE></P>
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[{"type": "8-K", "sequence": "1", "filename": "ccb8k06302007.htm", "secsgml_size_bytes": 88239}]
{"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": "07999185"}, "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"}}
ccb8k06302007.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)
July 23, 2007
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 July 23, 2007 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 July 23, 2007
For Release
July 23, 2007
OTC BB: "CCBC"
CHINO COMMERCIAL BANCORP REPORTS SECOND QUARTER EARNINGS
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 second quarter ended June 30, 2007 with net earnings of $225,207 as compared with net earnings of $277,642 for the same quarter of 2006. The net earnings for the most recent quarter represent $0.29 per diluted share, as compared with $0.31 per diluted share, or reduction of 6.45% from the same quarter last year. Earnings year-to-date were $402,990 or $0.50 per diluted share as compared with net earnings of $542,173 or $0.61 per diluted share for the same period last year.
The reduction in net income for the second quarter was caused in part by an FDIC assessment of $20,519 and interest expense on trust preferred securities of $50,962 which were not present during the same quarter last year. The year-to-date earnings were also impacted by a provision for loan loss reserves during the first quarter of $77,174 coupled with the FDIC assessment in the second quarter as well as $101,925 in interest expense on trust preferred securities. These combined expenses, which were not experienced in 2006 lowered pre-tax earnings by roughly $122,400 in the second quarter, and $154,400 year-to-date.
Dann H. Bowman, President and Chief Executive Officer stated "The formation of the Bank holding company last year, and certain regulatory expenses year-to-date make a direct comparison with last year's operations difficult; however, we are very pleased with the fundamentals of the Bank. At the end of the quarter the Bank had no delinquent or non-performing loans, no loans on non-accrual and no credit losses year-to-date.
Net earnings for the six months ended June 30, 2007 represent a return on average equity of 12.82% and a return on average assets of 0.93% compared to net earnings for the six months ended June 30, 2006 which represented a return on average equity of 15.46% and return on average assets of 1.22% .
Financial Condition
At June 30, 2007, total assets were $84.9 million, a decline of $5.6 million or 6.2% from December 31, 2006.
Loans decreased $2.2 million during the first half of 2007 from $51.8 million at December 31, 2006 to an outstanding balance of $49.6 million at June 30, 2007. This represents a 4.2% decrease. Although the outstanding balances decreased, the committed but undisbursed portion of loans increased $3.3 million.
Total deposits declined by 4.9% to $75.6 million at June 30, 2007, a decrease from $79.5 million at December 31, 2006. The Company's core deposits represent 96.9% of the total deposits.
Earnings
The Company posted net interest income for quarters ended June 30, 2007 and June 30, 2006 of $1,112,620 and $1,162,162, respectively. For six months ended June 30, the Company posted net interest income of $2,186,896 and $2,263,883 for 2007 and 2006, respectively. Average interest-earning assets were $76.7 million with average interest-bearing liabilities of $29.9 million yielding a net interest margin of 5.69% for the six months ended June 30, 2007 as compared to average interest-bearing assets of $80.5 million with average interest-bearing liabilities of $23.6 million yielding a net interest margin of 5.62% for the six months ended June 30, 2006.
Non-interest income totaled $229,289 for the three months ended June 30, 2007, or a 46.1% increase from $156,963 earned during the second quarter of 2006. Non-interest income increased 45.3% for the six months ended June 30, 2007 totaling $441,159 as compared to $303,720 for the six ended June 30, 2006. Service charges on deposit accounts accounted for the majority of the increase in non-interest income.
General and administrative expenses were $983,390 and $1,921,069 for the three and six months ended June 30, 2007 as compared to $844,139 and $1,647,377 for the three and six months ended June 30, 2006. The largest component of general and administrative expenses was salary and benefits expense of $496,303 for the second quarter of 2007 as compared to $433,195 for the three months ended June 30, 2006. Year-to-date comparisons of salary and benefits expense reports $978,155 for six months ended June 2007 and $842,343 for the same period in 2006. The increase in Salaries and benefits expenses was reflective of staff increases, salary increases, incentive compensation, and the increase in retirement plan accruals.
Income tax expense was $138,561 and $243,352 for the three and six months June 30, 2007 as compared to $177,844 and $349,803 for the same periods of 2006. The effective income tax rate for 2007 and 2006 is approximately 39%.
Forward-Looking Statements
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 Company'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.
CHINO COMMERCIAL BANCORP
CONSOLIDATED BALANCE SHEET
June 30, 2007 and December 31, 2006
(unaudited)
June 30, 2007
December 31, 2006
ASSETS:
Cash and due from banks
$
6,044,733
$
4,201,391
Federal funds sold
11,345,000
10,775,000
Cash and cash equivalents
17,389,733
14,976,391
Interest-bearing deposits in other banks
496,000
2,541,000
Investment securities available for sale
8,470,207
11,839,152
Investment securities held to maturity (fair value approximates
$4,264,000 at March 31, 2007 and $4,696,000 at December 31, 2006)
4,372,852
4,784,277
Total investments
13,339,059
19,164,429
Loans
Construction
1,720,521
1,925,067
Real estate
36,445,989
37,521,967
Commercial
10,599,833
11,655,290
Installment
823,157
670,765
Unearned fees and discounts
(113,495
)
(136,046
)
Allowance for loan losses
(676,452
)
(615,808
)
Total loans
48,799,553
51,021,235
Restricted stock
643,250
627,500
Accrued interest receivable
294,285
385,764
Fixed assets, net
2,172,077
2,222,503
Prepaid & other assets
2,216,604
2,076,976
Total assets
$
84,854,561
$
90,474,798
LIABILITIES:
Deposits
Non-interest bearing
$
49,080,460
$
53,845,147
Interest Bearing
26,480,027
25,608,988
Total deposits
75,560,487
79,454,135
Accrued interest payable
57,283
61,477
Accrued expenses & other payables
431,725
412,745
Subordinated debentures
3,093,000
3,093,000
Total liabilities
79,142,495
83,021,357
STOCKHOLDERS' EQUITY
Common stock, authorized 10,000,000 shares with no par value, issued
and outstanding 714,732 shares and 808,214 shares at June 30, 2007
and December 31, 2006, respectively.
2,868,257
5,022,984
Retained earnings
2,910,363
2,507,373
Accumulated other comprehensive loss
(66,554
)
(76,916
)
Total equity
5,712,066
7,453,441
Total liabilities & equity
$
84,854,561
$
90,474,798
CHINO COMMERCIAL BANCORP
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
For the three months ended
For the six months ended
June 30
June 30
2007
2006
2007
2006
Interest income
Interest on investment scurities
$
149,129
$
304,404
$
314,051
$
597,278
Interest on Federal funds and Due From Banks Time
155,723
108,702
298,866
186,576
Interest and fee income on loans
1,025,614
865,034
2,002,785
1,676,213
Total interest income
1,330,466
1,278,140
2,615,702
2,460,067
Interest expense
Deposits
166,584
115,678
326,281
195,584
Other borrowings
51,262
300
102,525
600
Total interest expense
217,846
115,978
428,806
196,184
Net interest income
1,112,620
1,162,162
2,186,896
2,263,883
Provision for loan losses
(5,249
)
19,500
60,644
28,250
Net interest income after
provision for loan losses
1,117,869
1,142,662
2,126,252
2,235,633
Non-interest income
Service charges on deposit accounts
194,739
134,926
372,421
263,874
Other miscellaneous fee income
7,693
4,793
16,803
7,921
Dividend income from restricted stock
11,638
1,740
20,513
1,740
Income from bank owned life insurance
15,219
15,504
31,422
30,185
Total non-interest income
229,289
156,963
441,159
303,720
General and administrative expenses
Salaries and employee benefits
496,303
433,195
978,155
842,373
Occupancy and equipment
87,083
97,314
180,323
201,953
Data and item processing
78,768
61,753
145,358
122,711
Advertising and marketing
35,845
25,529
75,371
39,978
Legal and professional fees
85,018
45,541
155,369
89,363
Insurance
8,187
6,196
14,545
12,340
Directors' fees and expenses
19,800
22,285
40,250
44,356
Other expenses
172,386
152,326
331,698
294,303
Total general & administrative expenses
983,390
844,139
1,921,069
1,647,377
Income before income tax expense
363,768
455,486
646,342
891,976
Income tax expense
138,561
177,844
243,352
349,803
Total income
$
225,207
$
277,642
$
402,990
$
542,173
Basic earnings per share
$
0.31
$
0.34
$
0.54
$
0.66
Diluted earnings per share
$
0.29
$
0.31
$
0.50
$
0.61
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.
July 23, 2007
By:
/s/ Sandra F. Pender
Sandra F. Pender
Vice President and Chief Financial Officer