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Financial Reports

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December 31, 2002

December 31, 2004   December 31, 2003

CONDENSED STATEMENTS OF OPERATIONS (unaudited)
	Fourth Quarter Ended			Twelve Months Ended
	December 31,			December 31,
	2002	2001		2002	2001
($ in thousands, except per share data)
Interest Income	$8,791	$8,645		$35,596	$41,145
Interest Expense	2,701	3,555		10,718	19,184
Net Interest Income	6,090	5,090		24,878	21,961
Provision for Loan Losses	8,820	350		10,146	900
Net Interest Income after      Provision for Loan Losses	(2,730)	4,740		14,732	21,061
Non-Interest Income	1,218	1,345		4,514	5,664
Non-Interest Expense	1,315	3,351		11,955	13,492
Income Before Income Taxes	(2,827)	2,734		7,291	13,233
Income Taxes	(1,307)	840		2,888	5,205
Net Income	$(1,520)	$1,894		$4,403	$8,028
Net Income Per Share	$(0.28)	$0.35		$0.82	$1.52
CONDENSED STATEMENTS OF FINANCIAL CONDITION (unaudited)
		December 31,
		2002			2001
		($ in thousands)
Assets
Cash and Due From Banks		$24,351			$17,568
Federal Funds Sold and Securities      Purchased Under Resale Agreements		122,000			140,000
Investment Securities		97,961			115,077
Loans and Leases		448,512			374,218
Less: Allowance for Loan Losses		(9,257)			(4,906)
Unearned Income		(1,212)			(865)
Net Loans and Leases		438,043			368,447
Other Assets and Accrued Interest    Receivables		23,697			17,181
		$706,052			$658,273
Liabilities and Stockholders' Equity
Liabilities:
Deposits		$614,868			$576,325
Acceptances Outstanding		2,944			668
Federal Funds Purchased and Securities    Sold Under Repurchase Agreements		20,000			16,000
Other Liabilities and Accrued Interest    Payable		8,322			8,158
Total Liabilities		646,134			601,151
Stockholders' Equity		59,918			57,122
		$706,052			$658,273