Statement of Condition

Assets	12/31/2007	12/31/2006
Cash and Deposits Due from Banks	11,017,000	15,410,000
Federal Funds Sold	0	0
U.S. Government and Agency Securities	7,951,000	11,749,000
Other Bonds, Notes and Debentures	2,082,000	2,255,000
Corporate Stock and Other Marketable Securities	36,613,000	39,040,000
Real Estate Loans	594,228,000	493,373,000
Other Loans	166,000,000	139,838,000
Allowance for Loan and Lease Losses	(11,133,000)	(7,433,000)
Bank Premises and Fixed Assets	14,990,000	10,963,000
Other Assets	23,487,000	17,288,000
Total Assets	845,235,000	722,483,000

Liabilities And Reserves
Savings Deposits	139,443,000	119,400,000
Time Deposits	443,643,000	366,460,000
Demand Deposits	55,382,000	49,281,000
NOW Deposits	66,998,000	59,425,000
Total Deposits	705,466,000	594,566,000

Borrowed Funds	37,634,000	35,028,000
Other Liabilities	9,026,000	6,309,000
Surplus and Undivided Profits	91,021,000	81,277,000
Net Unrealized Gains on Marketable Securities	2,088,000	5,303,000
Total Liabilities and Reserves	845,235,000	722,483,000

Letters of Credit Outstanding
not included in the above figures	12,131,000	4,018,000

Statement of Earnings

Interest Income
Interest and Fee Income on Loans	57,731,000	46,985,000
Interest and Dividend Income on Securities	2,083,000	1,914,000
Total Interest Income	59,814,000	48,899,000

Interest Expense
Interest and Dividend on Deposits	24,757,000	18,292,000
Interest Paid on Borrowed Funds	1,897,000	1,784,000
Total Interest Expense	26,654,000	20,076,000

Net Interest Income	33,160,000	28,823,000

Other Operating Income	8,530,000	5,848,000

Other Operating Expense	22,208,000	19,063,000
Provision for Loan Losses	4,574,000	1,185,000

Income Before Taxes and Security Transactions	14,908,000	14,423,000

Realized Gains (Losses) on Securities	2,528,000	1,374,000

Income Before Income Taxes	17,436,000	15,797,000

Income Taxes	6,134,000	5,533,000

Net Income	11,302,000	10,264,000

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