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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>UNITED STATES</FONT></B></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>FORM 8-K</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CURRENT REPORT</FONT></B><BR>
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<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 OR 15(d) of</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The Securities Exchange Act of 1934</FONT></B></TD></TR></TABLE></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of Report (Date of earliest event reported) </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">April 20, 2009</FONT></B></P>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>CHINO COMMERCIAL BANCORP</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of registrant as specified in its charter)</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=center width="34%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CA</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="35%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-52098</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">20-4797048</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="34%">&nbsp; &nbsp; &nbsp;<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 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 noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Zip Code</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(909) 393-8880</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Registrant&#146;s telephone number, including area code</FONT></TD></TR></TABLE></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:</FONT></P>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT> </TD></TR>
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     <TD vAlign=top noWrap><FONT face=Wingdings-Regular,WingDings size=2><FONT face=Wingdings>&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT> </TD></TR>
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<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 2.02 Results of Operations and Financial Condition</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>On April 20, 2009 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 April 20, 2009</FONT></TD></TR></TABLE></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CHINO COMMERCIAL BANCORP REPORTS 187% INCREASE IN FIRST QUARTER EARNINGS</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chino, California, April 20, 2009 &#150; The Board of Directors of Chino Commercial Bancorp (OTCBB:CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the first quarter ended March 31, 2009 with net earnings of $119,269, a 159.7% increase from $45,936 for the fourth quarter of 2008, and a 187.6% increase from net income of $41,471 for the first quarter of last year. Net income per basic share for the first quarter was $0.17 as compared to $0.07 per share for the fourth quarter ended December 31, 2008, and $0.06 for the first quarter last year.</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 with the strong financial performance of the Bank during the first quarter. Not only are earnings up substantially, but credit quality remains very good, with the Bank reporting no loan delinquency for the quarter-end. During this time when many banks have to cut back on lending, we have significant capacity to continue making loans and support our customers. Though the economy is slowing, we see great potential in the small businesses and professionals we serve, and look forward to a very good year.&#148;</FONT></P>
<P align=justify><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Financial Condition</FONT></U></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">At March 31, 2009, total assets were $88.9 million, an increase of $5.5 million or 6.6% from December 31, 2008, and an increase of $16.7 million or 23.1% from March 31, 2008. This is a direct result of the growth of the Bank&#146;s deposits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Total deposits increased by 10.8% to $78.6 million at March 31, 2009, an increase from $71.0 million at December 31, 2008. Total deposits increased 25.5% from March 31, 2008&#146;s balance of $62.7 million. At March 31, 2009, the Company&#146;s core deposits represent 88.5% of the total deposits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Loans decreased $732,503 during the first quarter from December 31, 2008 with a balance at March 31, 2009 of $48.0 million. Comparing the balances of March 31, 2008, the Company&#146;s loans decreased $4.2 million or 8.0% during the twelve month period. The decline was primarily in real estate secured lending.</FONT></P>
<P align=justify><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Earnings</FONT></U></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company posted net interest income of $822,299 for the quarter ended March 31, 2009 as compared to $884,585 the quarter ended March 31, 2008, due to decreased average balances in loans and increased average balances in interest-bearing deposits. Average interest-earning assets were $75.0 million with average interest-bearing liabilities of $44.4 million yielding a net interest margin of 4.45% for the first quarter of 2009 as compared to the average</FONT></P>
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<P align=justify><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest-earning assets of $67.2 million with average interest-bearing liabilities of $32.6 million yielding a net interest margin of 5.29% for the first quarter of 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Non-interest income totaled $247,452 for the first quarter of 2009, or a decrease of 6.4% from $264,387 earned during the first quarter of 2008. Service charges on deposit accounts decreased 8.4% to $212,961 due to decreased overdraft and return item charges.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The provision for loan losses decreased $218,480 to $16,151 or 93.1% in the first quarter of 2009, compared to $234,631 in the first quarter of 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">General and administrative expenses were $870,574 for the three months ended March 31, 2009 as compared to $862,748 for the first quarter of 2008. The largest component of general and administrative expenses was salary and benefits expense of $488,695 for the first quarter of 2009 as compared to $477,792 for the three months ended March 31, 2008. Advertising and marketing expenses decreased by $11,955 or 43.0% for the comparable three-month period. Other expenses increased by $18,355 for the comparable three-month period due to expenses of other real estate in 2009 that did not exist in 2008 Income tax expense was $63,757 for the three months ended March 31, 2009 as compared to $10,122 for the three months ended March 31, 2008. The effective income tax rate for 2009 and 2008 is approximately 39%.</FONT></P>
<P align=justify><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Forward-Looking Statements</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The statements contained in this press release that are not historical facts are forward-looking statements based on management&#146;s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and California economies, the Company&#146;s ability to attract and retain skilled employees, customers&#146; service expectations, the Company&#146;s ability to successfully deploy new technology and gain efficiencies there from, changes in interest rates, loan portfolio performance, and other factors detailed in the Company&#146;s SEC filings.</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="99%" colSpan=9><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CHINO COMMERCIAL BANCORP</FONT></B> </TD></TR>
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     <TD align=center width="99%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>CONSOLIDATED BALANCE SHEET</FONT> </TD></TR>
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     <TD align=center width="99%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>March 31, 2009 and December 31, 2008</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
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     <TD align=left width="57%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="15%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>March 31, 2009</FONT></B> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="15%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>December 31, 2008</FONT></B> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=center width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT> </TD>
     <TD align=center width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=center width="2%">&nbsp; </TD>
     <TD align=center width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(audited)</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>ASSETS:</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Cash and due from banks</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,519,296</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,877,897</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Federal funds sold</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%">&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 align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,519,296</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,877,897</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
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     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest-bearing deposits in other banks</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>17,460,729</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>12,498,000</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities available for sale</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,621,663</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,791,651</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><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 align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$3,059,000 at March 31, 2009 and $3,186,000 at December 31, 2008)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,012,332</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,167,401</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
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     <TD align=left width="57%">&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 style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>29,094,724</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>24,457,052</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Loans</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Construction</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>820,888</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Real estate</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>39,500,274</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>37,794,240</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Commercial</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,933,130</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,607,103</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Installment</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>600,261</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>543,937</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,033,665</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,766,168</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(68,482</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(77,542</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>48,965,183</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>49,688,626</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(718,762</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(702,409</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>)</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loans</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>48,246,421</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>48,986,217</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest receivable</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>346,829</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>313,428</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Restricted stock</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>677,650</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>677,650</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Fixed assets, net</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,941,203</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,980,476</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other real estate</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>588,207</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>653,131</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Prepaid &amp; other assets</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,441,550</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,447,295</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>88,855,880</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,393,146</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>LIABILITIES:</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest bearing</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>35,170,219</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>32,600,750</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest Bearing</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>NOW and money market</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>29,201,760</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,434,407</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Savings</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>969,802</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,064,668</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>4,233,354</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,842,310</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>9,065,348</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>5,055,617</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>78,640,483</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>70,997,752</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued interest payable</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>93,715</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>56,061</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Borrowings from Federal Home Loan Bank</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,400,000</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Accrued expenses &amp; other payables</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>769,459</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>665,580</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Subordinated debentures</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,093,000</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>82,596,657</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>77,212,393</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>STOCKHOLDERS' EQUITY</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 and</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>outstanding 703,065 shares and 704,278 shares at March 31, 2009 and</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December 31, 2008, respectively.</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,559,146</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2,617,542</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,653,505</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,534,236</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&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 style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>46,572</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,975</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,259,223</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>6,180,753</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="2%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="57%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total liabilities &amp; stockholders' equity</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>88,855,880</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,393,146</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=left width="2%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="76%" colSpan=4><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The accompanying notes are an integral part of these consolidated financial statements</FONT> </TD>
     <TD align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD align=left width="2%">&nbsp; </TD></TR></TABLE></DIV><BR>
<HR align=center width="100%" noShade SIZE=2>

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<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD align=center width="100%" colSpan=7><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CHINO COMMERCIAL BANCORP</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="100%" colSpan=7><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>CONSOLIDATED STATEMENTS OF INCOME</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="100%" colSpan=7><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(unaudited)</FONT> </TD></TR>
<TR>
     <TD width="100%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="36%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>For the quarter ended March 31,</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2009</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="15%">&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>2008</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Investment securities and due from banks</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>217,282</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>125,801</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on Federal funds sold</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>34</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>24,991</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest and fee income on loans</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>891,357</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>984,455</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,108,673</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>1,135,247</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest expense</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Deposits</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>235,008</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>199,615</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on Federal funds purchased</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>113</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>84</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Interest on FHLB borrowings</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>290</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other borrowings</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>50,963</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>50,963</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total interest expense</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>286,374</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>250,662</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>822,299</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>884,585</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Provision for loan losses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>16,151</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>234,631</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income after</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provision for loan losses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>806,148</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>649,954</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Non-interest income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Service charges on deposit accounts</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>212,961</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>232,558</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other miscellaneous fee income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>9,601</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,473</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dividend income from restricted stock</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,160</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,244</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income from bank owned life insurance</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>16,730</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,112</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total non-interest income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>247,452</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>264,387</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>General and administrative expenses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Salaries and employee benefits</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>488,695</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>477,792</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Occupancy and equipment</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>77,612</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>83,781</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Data and item processing</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>73,481</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>82,676</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Advertising and marketing</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>15,874</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>27,829</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Legal and professional fees</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>45,065</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>45,312</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Regulatory Assessments</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>28,028</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>20,481</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Insurance</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>7,784</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>8,228</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors' fees and expenses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>18,207</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>19,176</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Other expenses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>115,828</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>97,473</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Total general &amp; administrative expenses</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>870,574</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>862,748</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income before income tax expense</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>183,026</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="2%">&nbsp; </TD>
     <TD align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>51,593</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Income tax expense</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>63,757</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10,122</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Net income</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>119,269</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>41,471</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Basic earnings per share</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.17</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.06</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="62%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Diluted earnings per share</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.16</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>$</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt double" align=right width="15%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>0.05</FONT>&nbsp; </TD></TR>
<TR>
     <TD width="100%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=left width="85%" colSpan=6><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The accompanying notes are an integral part of these consolidated financial statements</FONT>&nbsp; </TD>
     <TD align=left width="15%">&nbsp; </TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURE</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, 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>Dated: April 20, 2009</FONT></TD></TR></TABLE></P>
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     <TD width=215>&nbsp;</TD>
     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By: </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>/s/ Dann H. Bowman</FONT></U><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dann H. Bowman</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Officer authorized to sign on behalf of registrant)</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": "09761459"}, "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"}}
ccb8k20090331.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)
April 20, 2009
CHINO COMMERCIAL BANCORP
(Exact name of registrant as specified in its charter)
CA
000-52098
20-4797048
(State of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
14345 Pipeline Avenue
Chino, California
91710
Address of Principal Executive Offices
Zip Code
(909) 393-8880
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On April 20, 2009 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 April 20, 2009
CHINO COMMERCIAL BANCORP REPORTS 187% INCREASE IN FIRST QUARTER EARNINGS
Chino, California, April 20, 2009 – The Board of Directors of Chino Commercial Bancorp (OTCBB:CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the first quarter ended March 31, 2009 with net earnings of $119,269, a 159.7% increase from $45,936 for the fourth quarter of 2008, and a 187.6% increase from net income of $41,471 for the first quarter of last year. Net income per basic share for the first quarter was $0.17 as compared to $0.07 per share for the fourth quarter ended December 31, 2008, and $0.06 for the first quarter last year.
Dann H. Bowman, President and Chief Executive Officer stated, "We are very pleased with the strong financial performance of the Bank during the first quarter. Not only are earnings up substantially, but credit quality remains very good, with the Bank reporting no loan delinquency for the quarter-end. During this time when many banks have to cut back on lending, we have significant capacity to continue making loans and support our customers. Though the economy is slowing, we see great potential in the small businesses and professionals we serve, and look forward to a very good year."
Financial Condition
At March 31, 2009, total assets were $88.9 million, an increase of $5.5 million or 6.6% from December 31, 2008, and an increase of $16.7 million or 23.1% from March 31, 2008. This is a direct result of the growth of the Bank's deposits.
Total deposits increased by 10.8% to $78.6 million at March 31, 2009, an increase from $71.0 million at December 31, 2008. Total deposits increased 25.5% from March 31, 2008's balance of $62.7 million. At March 31, 2009, the Company's core deposits represent 88.5% of the total deposits.
Loans decreased $732,503 during the first quarter from December 31, 2008 with a balance at March 31, 2009 of $48.0 million. Comparing the balances of March 31, 2008, the Company's loans decreased $4.2 million or 8.0% during the twelve month period. The decline was primarily in real estate secured lending.
Earnings
The Company posted net interest income of $822,299 for the quarter ended March 31, 2009 as compared to $884,585 the quarter ended March 31, 2008, due to decreased average balances in loans and increased average balances in interest-bearing deposits. Average interest-earning assets were $75.0 million with average interest-bearing liabilities of $44.4 million yielding a net interest margin of 4.45% for the first quarter of 2009 as compared to the average
interest-earning assets of $67.2 million with average interest-bearing liabilities of $32.6 million yielding a net interest margin of 5.29% for the first quarter of 2008.
Non-interest income totaled $247,452 for the first quarter of 2009, or a decrease of 6.4% from $264,387 earned during the first quarter of 2008. Service charges on deposit accounts decreased 8.4% to $212,961 due to decreased overdraft and return item charges.
The provision for loan losses decreased $218,480 to $16,151 or 93.1% in the first quarter of 2009, compared to $234,631 in the first quarter of 2008.
General and administrative expenses were $870,574 for the three months ended March 31, 2009 as compared to $862,748 for the first quarter of 2008. The largest component of general and administrative expenses was salary and benefits expense of $488,695 for the first quarter of 2009 as compared to $477,792 for the three months ended March 31, 2008. Advertising and marketing expenses decreased by $11,955 or 43.0% for the comparable three-month period. Other expenses increased by $18,355 for the comparable three-month period due to expenses of other real estate in 2009 that did not exist in 2008 Income tax expense was $63,757 for the three months ended March 31, 2009 as compared to $10,122 for the three months ended March 31, 2008. The effective income tax rate for 2009 and 2008 is approximately 39%.
Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and California economies, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully deploy new technology and gain efficiencies there from, changes in interest rates, loan portfolio performance, and other factors detailed in the Company's SEC filings.
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
CONSOLIDATED BALANCE SHEET
March 31, 2009 and December 31, 2008
March 31, 2009
December 31, 2008
(unaudited)
(audited)
ASSETS:
Cash and due from banks
$
5,519,296
$
3,877,897
Federal funds sold
0
0
Cash and cash equivalents
5,519,296
3,877,897
Interest-bearing deposits in other banks
17,460,729
12,498,000
Investment securities available for sale
8,621,663
8,791,651
Investment securities held to maturity (fair value approximates
$3,059,000 at March 31, 2009 and $3,186,000 at December 31, 2008)
3,012,332
3,167,401
Total investments
29,094,724
24,457,052
Loans
Construction
0
820,888
Real estate
39,500,274
37,794,240
Commercial
8,933,130
10,607,103
Installment
600,261
543,937
Gross loans
49,033,665
49,766,168
Unearned fees and discounts
(68,482
)
(77,542
)
Loans net of unearned fees and discount
48,965,183
49,688,626
Allowance for loan losses
(718,762
)
(702,409
)
Net loans
48,246,421
48,986,217
Accrued interest receivable
346,829
313,428
Restricted stock
677,650
677,650
Fixed assets, net
1,941,203
1,980,476
Other real estate
588,207
653,131
Prepaid & other assets
2,441,550
2,447,295
Total assets
$
88,855,880
$
83,393,146
LIABILITIES:
Deposits
Non-interest bearing
$
35,170,219
$
32,600,750
Interest Bearing
NOW and money market
29,201,760
28,434,407
Savings
969,802
1,064,668
Time deposits less than $100,000
4,233,354
3,842,310
Time deposits of $100,000 or greater
9,065,348
5,055,617
Total deposits
78,640,483
70,997,752
Accrued interest payable
93,715
56,061
Borrowings from Federal Home Loan Bank
0
2,400,000
Accrued expenses & other payables
769,459
665,580
Subordinated debentures
3,093,000
3,093,000
Total liabilities
82,596,657
77,212,393
STOCKHOLDERS' EQUITY
Common stock, authorized 10,000,000 shares with no par value, issued and
outstanding 703,065 shares and 704,278 shares at March 31, 2009 and
December 31, 2008, respectively.
2,559,146
2,617,542
Retained earnings
3,653,505
3,534,236
Accumulated other comprehensive loss
46,572
28,975
Total equity
6,259,223
6,180,753
Total liabilities & stockholders' equity
$
88,855,880
$
83,393,146
The accompanying notes are an integral part of these consolidated financial statements
CHINO COMMERCIAL BANCORP
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
For the quarter ended March 31,
2009
2008
Interest income
Investment securities and due from banks
$
217,282
$
125,801
Interest on Federal funds sold
34
24,991
Interest and fee income on loans
891,357
984,455
Total interest income
1,108,673
1,135,247
Interest expense
Deposits
235,008
199,615
Interest on Federal funds purchased
113
84
Interest on FHLB borrowings
290
0
Other borrowings
50,963
50,963
Total interest expense
286,374
250,662
Net interest income
822,299
884,585
Provision for loan losses
16,151
234,631
Net interest income after
provision for loan losses
806,148
649,954
Non-interest income
Service charges on deposit accounts
212,961
232,558
Other miscellaneous fee income
9,601
8,473
Dividend income from restricted stock
8,160
8,244
Income from bank owned life insurance
16,730
15,112
Total non-interest income
247,452
264,387
General and administrative expenses
Salaries and employee benefits
488,695
477,792
Occupancy and equipment
77,612
83,781
Data and item processing
73,481
82,676
Advertising and marketing
15,874
27,829
Legal and professional fees
45,065
45,312
Regulatory Assessments
28,028
20,481
Insurance
7,784
8,228
Directors' fees and expenses
18,207
19,176
Other expenses
115,828
97,473
Total general & administrative expenses
870,574
862,748
Income before income tax expense
183,026
51,593
Income tax expense
63,757
10,122
Net income
$
119,269
$
41,471
Basic earnings per share
$
0.17
$
0.06
Diluted earnings per share
$
0.16
$
0.05
The accompanying notes are an integral part of these consolidated financial statements
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: April 20, 2009
By:
/s/ Dann H. Bowman
Dann H. Bowman
President and Chief Executive Officer
(Officer authorized to sign on behalf of registrant)