The senior management team has faced the challenges of 2005 head on and have set a strategic plan in motion to improve the Company’s performance. In 2005 we restructured the commercial banking division and loan administration area. This restructure should foster quality loan growth and improved operational efficiencies in 2006. The retail banking division has been redefined to emulate the relationship banking philosophy imbedded in the 2006 strategic plan. We will strive for increased banking relationships from our current customers and seek new relationships within our targeted markets to maintain our current asset levels throughout 2006. Our strategies for improved performance include tighter expense control and resolution of impaired loans and lease issues. We believe 2006 will set a strong foundation for our future success.

We thank our stockholders, along with our customers and associates,
for your continued support.