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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">January 21, 2008</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><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of registrant as specified in its charter) </FONT></TD></TR></TABLE></P>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CA</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center width="35%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-52098</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">20-4797048</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State of incorporation)</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="35%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Commission File Number)</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(IRS Employer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Identification No.)</FONT>&nbsp; </TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">14345 Pipeline Avenue</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Chino, California</FONT></B>&nbsp; </TD>
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     <TD noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">91710</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Address of Principal Executive Offices</FONT>&nbsp; </TD>
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     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Zip Code</FONT>&nbsp; </TD></TR></TABLE><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>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2>&#168;</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT> </TD></TR>
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<P align=left><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 January 21, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</FONT></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Exhibit 99.1.</FONT></TD></TR></TABLE></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Press release dated January 21, 2008</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=right><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">For Immediate Release</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">January 21, 2008</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">OTC BB: &#147;CCBC&#148;</FONT></TD></TR></TABLE></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CHINO COMMERCIAL BANCORP REPORTS YEAR END RESULTS.</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chino, California&#133; The Board of Directors of Chino Commercial Bancorp, the parent company of Chino Commercial Bank NA, announced the results of operations for the Bank and the consolidated holding company for the three and twelve months ended December 31, 2007. For the full year ended December 31, 2007 the company posted a consolidated net income of $747,948 a reduction from net income of $1,009,555 for 2006. Net income per basic share for the year ended December 31, 2007 was $1.04 as compared to $1.23 per share for the year ended December 31, 2006 or a reduction of 15.4% . Net income per fully diluted share was $0.95 as compared to $1.14 per diluted share for fiscal year 2006.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Net income for the fourth quarter ended December 31, 2007 was $135,483 or $0.18 per diluted share, as compared to $254,914or $0.29 per diluted share for the fourth quarter of 2006.</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;We are very pleased to report that despite troubles in the Economy and banking industry overall, Chino Commercial Bank had no loan delinquency at year end. In addition, during 2007 the Bank took proactive measures and provided an additional $192,253 in reserves for possible future loan losses.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">During 2007 the Bank allocated significantly higher provisions against loan losses, resulting in lower net earnings. Though reporting lower earnings is never pleasant, we believe that this proactive approach in reserving for possible future losses is the best long-run course of action for the Bank, our shareholders and our customers.&#148;</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 December 31, 2007, total assets were $79.9 million, a reduction of $10.5 million or 11.6% from December 31, 2006.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Gross loans increased to $53.2 million at December 31, 2007 from $51.8 million at December 31, 2006 or an increase of 2.7% . The growth was primarily in real estate secured lending.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total deposits decreased by 11.4% to $70.4 million at December 31, 2007 a decline from $79.5 million at December 31, 2006. Although we experienced a decrease in core deposits of 10.9%, from 76.6 million at December 31, 2006 to $68.2 million at December 31, 2007, our core deposits to total deposits remains very favorable at 96.9% .</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 of $4,170,210 for the year ended December 31, 2007 as compared to $4,574,667 for the year ended December 31, 2006. Average interest-earning assets were $74.6 million with average interest-bearing liabilities of $31.6 million yielding a net interest margin of 5.59% for the year ended December 31, 2007 as compared to average interest-bearing assets of $78.9 million with average interest-bearing liabilities of $25.8 million yielding a net interest margin of 5.79% for the year ended December 31, 2006. The 20 basis points decrease in the net interest margin was primarily a result of the higher average balances in interest-bearing liabilities and the effect of downward re-pricing of the benchmark for Federal funds rate and related Prime rate.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Bank posted net interest income of $960,845 for the three months ended December 31, 2007 as compared to $1,155,564 for the three months ended December 31, 2006. Average interest-earning assets were $70.9 million with average interest-bearing liabilities of $34.9 million yielding a net interest margin of 5.39% for the fourth quarter of 2007 as compared to average interest-bearing assets of $79.9 million with average interest-bearing liabilities of $28.2 million yielding a net interest margin of 5.72% for the three months ended December 31, 2006.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income totaled $935,103 or an increase of 32.8% from $704,130 earned during the year ended December 31, 2006. Service charges on deposit accounts increased 41.0% to $801,746 due to higher volume of returned items activity.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income for the quarter ended December 31, 2007 totaled $237,868 or a 15.3% increase from the fourth quarter of 2006. Service charges on deposit accounts similarly increased 32.4% to $205,887 due to increased of overdraft and return item charges.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses were $913,811 for the three months ended December 31, 2007 or a decrease of 4.9% as compared to $961,115 for the three months ended December 31, 2006. General and administrative expenses were $3,730,671 for the year ended December 31, 2007 as compared to $3,570,109 for the year ended December 31, 2006. The largest component of general and administrative expenses was salary and benefits expense which totaled $480,487 for the three months ended December 31, 2007 as compared to $503,920 for the three months ended December 31, 2006. Salary and benefits expense were $1,920,513 for the year ended December 31, 2007 as compared to $1,779,194 for the year ended December 31, 2006. The increase in Salaries and benefits expenses for the year was reflective of salary increases, incentive compensation, and the increase in retirement plan accruals. The fourth quarter reduction in salary was a result in a reduction in staff. Other components of general and administrative expenses that affected the increase for the year ended December 31, 2007 were Data and item processing, Advertising and marketing, and Legal and professional expenses which increased by $52,307, $54,669, and $39,567 for the comparable prior year&#146;s twelve</FONT></P>
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<P align=justify><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">month period. Other expenses decreased by $47,910 for the comparable three month period and decreased by $59,814 for the comparable twelve month period due primarily to decreased costs of courier and accounting services provided to certain large customers.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The consolidated Company&#146;s income tax expense was $76,201 for the three months ended December 31, 2007 as compared to $147,154 for the three months ended December 31, 2006. Income tax expenses were $447,273 for the year ended December 31, 2007 as compared to $627,464 for the year ended December 31, 2006. The effective income tax rate for 2007 and 2006 was approximately 39%.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about the Bank&#146;s plans, objectives, management&#146;s expectations, intentions, relationships, opportunities, and technology and market condition statements. When used in these presentations, the words &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148; &#147;estimates,&#148; or words of similar meaning, or future or conditional verbs, such as &#147;will,&#148; &#147;would,&#148; &#147;should,&#148; &#147;could,&#148; or &#147;may&#148; are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Bank&#146;s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements for the reasons, among others, discussed in Bank&#146;s Annual Report on Form 10-KSB for the year ended December 31, 2006, which include: changes in general business and economic conditions may significantly affect the Bank&#146;s earnings; changes in level of market interest rates; changes in credit risks of lending activities and competitive factors; effective income tax rates, relationships with major customers, extent and timing of legislative and regulatory actions and reforms. The Bank is not obligated to update and does not undertake to update any of its forward-looking statements made herein.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contact: Dann H. Bowman, President and CEO or Sandra F. Pender, Vice President and CFO, Chino Commercial Bank, N.A., 14345 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.</FONT></P>
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     <TD align=center width="100%" colSpan=9><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CHINO COMMERCIAL BANCORP</FONT></B></TD></TR>
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     <TD align=center width="100%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>STATEMENTS OF FINANCIAL CONDITION</FONT></TD></TR>
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     <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR>
     <TD width="100%" colSpan=9>&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="16%" colSpan=3><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1><FONT size=2><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1><FONT size=2><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1><FONT size=2><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=1><FONT size=2>December 31, 2007&nbsp;</FONT></FONT></FONT></FONT></FONT></FONT></FONT></FONT></B></TD>
     <TD width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=left width="16%" colSpan=3><FONT size=2>&nbsp; <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>December 31, 2006</FONT></B>&nbsp;</FONT></TD></TR>
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     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>ASSETS:</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=center width="14%" colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Unaudited</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=center width="14%" colSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Audited</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and due from banks</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,487,933</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,201,391</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Federal funds sold and Due from banks time</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,539,000</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>13,316,000</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and cash equivalents</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,026,933</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>17,517,391</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR>
     <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities available for sale</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,339,354</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,839,152</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities held to maturity (fair value approximates</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$3,880,000 at December 31, 2007 and $4,696,000 at December 31, 2006)</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,873,251</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,784,277</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total investments</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,212,605</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>16,623,429</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Construction</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,606,750</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,925,067</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Real estate</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,726,301</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,521,967</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Commercial</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,062,969</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>11,655,290</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Installment</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>790,535</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>670,765</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Gross loans</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,186,555</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,773,089</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Unearned fees and discounts</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(87,389</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(136,046</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans net of unearned fees and discount</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,099,166</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,637,043</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Allowance for loan losses</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(725,211</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(615,808</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net loans</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>52,373,955</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,021,235</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR>
     <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Restricted stock</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>654,250</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>627,500</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Fixed assets, net</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,085,203</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,222,503</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest receivable</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>326,990</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>385,764</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Prepaid &amp; other assets</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,269,497</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,076,976</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total assets</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,949,433</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>90,474,798</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR>
     <TD width="100%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>LIABILITIES:</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest bearing</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>42,270,696</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,845,147</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest Bearing</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Money market &amp; NOW</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>22,711,556</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,907,277</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Savings</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,202,965</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,001,135</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Time deposits less than $100,000</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,054,915</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,818,235</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Time deposits of $100,000 or greater</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,156,778</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,882,341</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total deposits</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>70,396,910</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,454,135</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest payable</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>63,962</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>61,477</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued expenses &amp; other payables</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>533,682</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>412,745</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Subordinated debentures</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>74,087,554</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,021,357</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>STOCKHOLDERS' EQUITY</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&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 width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>and outstanding 704,278 shares and 808,214 shares at December 31,</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=left width="12%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007 and December 31, 2006, respectively.</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,610,418</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,022,984</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Retained earnings</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,255,321</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,507,373</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accumulated other comprehensive loss</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(3,860</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(76,916</FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total stockholders' equity</FONT>&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,861,879</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,453,441</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%">&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 width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,949,433</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>90,474,798</FONT></TD>
     <TD noWrap align=left width="2%">&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_6"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD align=center width="101%" colSpan=14><FONT size=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CHINO COMMERCIAL BANCORP</FONT></B></FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="101%" 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 width="101%" colSpan=14><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT></FONT></TD></TR>
<TR>
     <TD width="101%" colSpan=14><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%" colSpan=5><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the three months ended</FONT>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%" background="">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%" colSpan=5><FONT size=2>&nbsp; </FONT><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the year ended</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="24%" colSpan=4><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31</FONT>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%" background="">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=center width="24%" colSpan=4><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="10%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2006</FONT>&nbsp; </FONT></TD>
     <TD noWrap align=center width="2%" background=""><FONT size=2>&nbsp;</FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2007</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=center width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2006</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on investment securities</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>133,640</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>193,705</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>587,928</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>839,570</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><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 width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>71,058</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>143,643</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>494,280</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>608,309</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><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 width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,050,301</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,007,680</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,064,035</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,638,661</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,254,999</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,345,028</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,146,243</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,086,540</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest expense</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>242,991</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>153,490</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>771,083</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>474,239</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other borrowings</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,163</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>35,974</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>204,950</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,634</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest expense</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>294,154</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>189,464</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>976,033</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>511,873</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>960,845</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,155,564</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,170,210</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,574,667</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Provision for loan losses</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>73,218</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(1,336</FONT> </FONT></TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=left width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>179,421</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>71,669</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net interest income after</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provision for loan losses</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>887,627</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,156,900</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,990,789</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,502,998</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Service charges on deposit accounts</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>205,887</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>155,532</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>801,746</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>568,794</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other miscellaneous fee income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,415</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>23,339</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>33,824</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>38,420</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><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 width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>9,105</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>9,473</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,257</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>33,390</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><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 width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,461</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>17,939</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>62,276</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>63,526</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total non-interest income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>237,868</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>206,283</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>935,103</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>704,130</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>General and administrative expenses</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="10%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Salaries and employee benefits</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>480,487</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>503,920</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,920,513</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,779,194</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Occupancy and equipment</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>82,587</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>97,811</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>340,032</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>405,320</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Data and item processing</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>80,985</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>69,985</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>305,539</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>253,232</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Advertising and marketing</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,776</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>25,842</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>152,984</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>98,315</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Legal and professional fees</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>67,391</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>53,408</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>298,736</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>259,169</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Insurance</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,048</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,701</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>30,734</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>24,258</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors' fees and expenses</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,401</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>21,402</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>79,034</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>87,708</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other expenses</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>135,136</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>183,046</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>603,099</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>662,913</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2>&nbsp; &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 width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>913,811</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>961,115</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,730,671</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,570,109</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income before income tax expense</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>211,684</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>402,068</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,195,221</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,637,019</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income tax expense</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>76,201</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>147,154</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>447,273</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>627,464</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total income</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>135,483</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>254,914</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>747,948</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,009,555</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Basic earnings per share</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.19</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.31</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1.03</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1.23</FONT>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="43%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Diluted earnings per share</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.18</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.29</FONT> </FONT></TD>
     <TD noWrap align=left width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.95</FONT>&nbsp; </FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #ffffff 1pt double" noWrap align=right width="2%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT></FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=right width="10%"><FONT size=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1.14</FONT>&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=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>January 21, 2008</FONT></TD></TR></TABLE></P>
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     <TD width=215>&nbsp;</TD>
     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By: </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ Sandra F. Pender&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandra F. Pender</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vice President and Chief Financial Officer</FONT></TD></TR></TABLE></P>
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{"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": "08541107"}, "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"}}
ccb8k12312007.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 21, 2008
CHINO COMMERCIAL BANCORP
(Exact name of registrant as specified in its charter)
CA
000-52098
20-4797048
(State of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
14345 Pipeline Avenue
Chino, California
91710
Address of Principal Executive Offices
Zip Code
(909) 393-8880
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On January 21, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Exhibit 99.1.
Press release dated January 21, 2008
For Immediate Release
January 21, 2008
OTC BB: "CCBC"
CHINO COMMERCIAL BANCORP REPORTS YEAR END RESULTS.
Chino, California… The Board of Directors of Chino Commercial Bancorp, the parent company of Chino Commercial Bank NA, announced the results of operations for the Bank and the consolidated holding company for the three and twelve months ended December 31, 2007. For the full year ended December 31, 2007 the company posted a consolidated net income of $747,948 a reduction from net income of $1,009,555 for 2006. Net income per basic share for the year ended December 31, 2007 was $1.04 as compared to $1.23 per share for the year ended December 31, 2006 or a reduction of 15.4% . Net income per fully diluted share was $0.95 as compared to $1.14 per diluted share for fiscal year 2006.
Net income for the fourth quarter ended December 31, 2007 was $135,483 or $0.18 per diluted share, as compared to $254,914or $0.29 per diluted share for the fourth quarter of 2006.
Dann H. Bowman, President and Chief Executive Officer stated, "We are very pleased to report that despite troubles in the Economy and banking industry overall, Chino Commercial Bank had no loan delinquency at year end. In addition, during 2007 the Bank took proactive measures and provided an additional $192,253 in reserves for possible future loan losses.
During 2007 the Bank allocated significantly higher provisions against loan losses, resulting in lower net earnings. Though reporting lower earnings is never pleasant, we believe that this proactive approach in reserving for possible future losses is the best long-run course of action for the Bank, our shareholders and our customers."
Financial Condition
At December 31, 2007, total assets were $79.9 million, a reduction of $10.5 million or 11.6% from December 31, 2006.
Gross loans increased to $53.2 million at December 31, 2007 from $51.8 million at December 31, 2006 or an increase of 2.7% . The growth was primarily in real estate secured lending.
Total deposits decreased by 11.4% to $70.4 million at December 31, 2007 a decline from $79.5 million at December 31, 2006. Although we experienced a decrease in core deposits of 10.9%, from 76.6 million at December 31, 2006 to $68.2 million at December 31, 2007, our core deposits to total deposits remains very favorable at 96.9% .
Earnings
The Company posted net interest income of $4,170,210 for the year ended December 31, 2007 as compared to $4,574,667 for the year ended December 31, 2006. Average interest-earning assets were $74.6 million with average interest-bearing liabilities of $31.6 million yielding a net interest margin of 5.59% for the year ended December 31, 2007 as compared to average interest-bearing assets of $78.9 million with average interest-bearing liabilities of $25.8 million yielding a net interest margin of 5.79% for the year ended December 31, 2006. The 20 basis points decrease in the net interest margin was primarily a result of the higher average balances in interest-bearing liabilities and the effect of downward re-pricing of the benchmark for Federal funds rate and related Prime rate.
The Bank posted net interest income of $960,845 for the three months ended December 31, 2007 as compared to $1,155,564 for the three months ended December 31, 2006. Average interest-earning assets were $70.9 million with average interest-bearing liabilities of $34.9 million yielding a net interest margin of 5.39% for the fourth quarter of 2007 as compared to average interest-bearing assets of $79.9 million with average interest-bearing liabilities of $28.2 million yielding a net interest margin of 5.72% for the three months ended December 31, 2006.
Non-interest income totaled $935,103 or an increase of 32.8% from $704,130 earned during the year ended December 31, 2006. Service charges on deposit accounts increased 41.0% to $801,746 due to higher volume of returned items activity.
Non-interest income for the quarter ended December 31, 2007 totaled $237,868 or a 15.3% increase from the fourth quarter of 2006. Service charges on deposit accounts similarly increased 32.4% to $205,887 due to increased of overdraft and return item charges.
General and administrative expenses were $913,811 for the three months ended December 31, 2007 or a decrease of 4.9% as compared to $961,115 for the three months ended December 31, 2006. General and administrative expenses were $3,730,671 for the year ended December 31, 2007 as compared to $3,570,109 for the year ended December 31, 2006. The largest component of general and administrative expenses was salary and benefits expense which totaled $480,487 for the three months ended December 31, 2007 as compared to $503,920 for the three months ended December 31, 2006. Salary and benefits expense were $1,920,513 for the year ended December 31, 2007 as compared to $1,779,194 for the year ended December 31, 2006. The increase in Salaries and benefits expenses for the year was reflective of salary increases, incentive compensation, and the increase in retirement plan accruals. The fourth quarter reduction in salary was a result in a reduction in staff. Other components of general and administrative expenses that affected the increase for the year ended December 31, 2007 were Data and item processing, Advertising and marketing, and Legal and professional expenses which increased by $52,307, $54,669, and $39,567 for the comparable prior year's twelve
month period. Other expenses decreased by $47,910 for the comparable three month period and decreased by $59,814 for the comparable twelve month period due primarily to decreased costs of courier and accounting services provided to certain large customers.
The consolidated Company's income tax expense was $76,201 for the three months ended December 31, 2007 as compared to $147,154 for the three months ended December 31, 2006. Income tax expenses were $447,273 for the year ended December 31, 2007 as compared to $627,464 for the year ended December 31, 2006. The effective income tax rate for 2007 and 2006 was approximately 39%.
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about the Bank's plans, objectives, management's expectations, intentions, relationships, opportunities, and technology and market condition statements. When used in these presentations, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," or words of similar meaning, or future or conditional verbs, such as "will," "would," "should," "could," or "may" are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Bank's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements for the reasons, among others, discussed in Bank's Annual Report on Form 10-KSB for the year ended December 31, 2006, which include: changes in general business and economic conditions may significantly affect the Bank's earnings; changes in level of market interest rates; changes in credit risks of lending activities and competitive factors; effective income tax rates, relationships with major customers, extent and timing of legislative and regulatory actions and reforms. The Bank is not obligated to update and does not undertake to update any of its forward-looking statements made herein.
Contact: Dann H. Bowman, President and CEO or Sandra F. Pender, Vice President and CFO, Chino Commercial Bank, N.A., 14345 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.
CHINO COMMERCIAL BANCORP
STATEMENTS OF FINANCIAL CONDITION
December 31, 2007
December 31, 2006
ASSETS:
Unaudited
Audited
Cash and due from banks
$
3,487,933
$
4,201,391
Federal funds sold and Due from banks time
7,539,000
13,316,000
Cash and cash equivalents
11,026,933
17,517,391
Investment securities available for sale
7,339,354
11,839,152
Investment securities held to maturity (fair value approximates
$3,880,000 at December 31, 2007 and $4,696,000 at December 31, 2006)
3,873,251
4,784,277
Total investments
11,212,605
16,623,429
Loans
Construction
2,606,750
1,925,067
Real estate
39,726,301
37,521,967
Commercial
10,062,969
11,655,290
Installment
790,535
670,765
Gross loans
53,186,555
51,773,089
Unearned fees and discounts
(87,389
)
(136,046
)
Loans net of unearned fees and discount
53,099,166
51,637,043
Allowance for loan losses
(725,211
)
(615,808
)
Net loans
52,373,955
51,021,235
Restricted stock
654,250
627,500
Fixed assets, net
2,085,203
2,222,503
Accrued interest receivable
326,990
385,764
Prepaid & other assets
2,269,497
2,076,976
Total assets
$
79,949,433
$
90,474,798
LIABILITIES:
Deposits
Non-interest bearing
$
42,270,696
$
53,845,147
Interest Bearing
Money market & NOW
22,711,556
19,907,277
Savings
1,202,965
1,001,135
Time deposits less than $100,000
2,054,915
1,818,235
Time deposits of $100,000 or greater
2,156,778
2,882,341
Total deposits
70,396,910
79,454,135
Accrued interest payable
63,962
61,477
Accrued expenses & other payables
533,682
412,745
Subordinated debentures
3,093,000
3,093,000
Total liabilities
74,087,554
83,021,357
STOCKHOLDERS' EQUITY
Common stock, authorized 10,000,000 shares with no par value, issued
and outstanding 704,278 shares and 808,214 shares at December 31,
2007 and December 31, 2006, respectively.
2,610,418
5,022,984
Retained earnings
3,255,321
2,507,373
Accumulated other comprehensive loss
(3,860
)
(76,916
)
Total stockholders' equity
5,861,879
7,453,441
Total liabilities & equity
$
79,949,433
$
90,474,798
CHINO COMMERCIAL BANCORP
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
For the three months ended
For the year ended
December 31
December 31
2007
2006
2007
2006
Interest income
Interest on investment securities
$
133,640
$
193,705
$
587,928
$
839,570
Interest on Federal funds and Due from banks time
71,058
143,643
494,280
608,309
Interest and fee income on loans
1,050,301
1,007,680
4,064,035
3,638,661
Total interest income
1,254,999
1,345,028
5,146,243
5,086,540
Interest expense
Deposits
242,991
153,490
771,083
474,239
Other borrowings
51,163
35,974
204,950
37,634
Total interest expense
294,154
189,464
976,033
511,873
Net interest income
960,845
1,155,564
4,170,210
4,574,667
Provision for loan losses
73,218
(1,336
)
179,421
71,669
Net interest income after
provision for loan losses
887,627
1,156,900
3,990,789
4,502,998
Non-interest income
Service charges on deposit accounts
205,887
155,532
801,746
568,794
Other miscellaneous fee income
7,415
23,339
33,824
38,420
Dividend income from restricted stock
9,105
9,473
37,257
33,390
Income from bank owned life insurance
15,461
17,939
62,276
63,526
Total non-interest income
237,868
206,283
935,103
704,130
General and administrative expenses
Salaries and employee benefits
480,487
503,920
1,920,513
1,779,194
Occupancy and equipment
82,587
97,811
340,032
405,320
Data and item processing
80,985
69,985
305,539
253,232
Advertising and marketing
39,776
25,842
152,984
98,315
Legal and professional fees
67,391
53,408
298,736
259,169
Insurance
8,048
5,701
30,734
24,258
Directors' fees and expenses
19,401
21,402
79,034
87,708
Other expenses
135,136
183,046
603,099
662,913
Total general & administrative expenses
913,811
961,115
3,730,671
3,570,109
Income before income tax expense
211,684
402,068
1,195,221
1,637,019
Income tax expense
76,201
147,154
447,273
627,464
Total income
$
135,483
$
254,914
$
747,948
$
1,009,555
Basic earnings per share
$
0.19
$
0.31
$
1.03
$
1.23
Diluted earnings per share
$
0.18
$
0.29
$
0.95
$
1.14
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
January 21, 2008
By:
/s/ Sandra F. Pender
Sandra F. Pender
Vice President and Chief Financial Officer