Statement of Financial Condition
As of End of December

Assets
	2007		2006
	(Unaudited)		(Unaudited)
Noninterest bearing balances and currency and coin	$792,000		$3,348,000
Interest bearing balances	$2,000		$566,000
Available for sale securities	$19,578,000		$12,079,000
Federal funds sold	$9,331,000		$1,490,000
Loans and leases, net of unearned income	$120,264,000		83,962,000
LESS: Allowance for loan and lease losses	$1,399,000		$870,000
Loans and leases, net of unearned income and allowance	$118,865,000		$83,092,000
Premises and Equipment Net of Depreciation and Amortization	$705,000		$849,000
Other assets	$3,686,000		$2,039,000
Total Assets	$152,959,000		$103,463,000

Liabilities & Stockholders' Equity
	2007		2006
	(Unaudited)		(Unaudited)
Noninterest bearing deposits	$17,472,000		$14,071,000
Interest bearing deposits	$103,296,000		$68,432,000
Other borrowed money	$15,000,000		$5,000,000
Other liabilities	$820,000		$643,000
Total Liabilities	$136,588,000		$88,146,000
Paid in Capital - Authorized 10,000,000 shares, 2,433,720 shares outstanding	$12,186,000		$12,186,000
Paid in Surplus net of capital raising expenses	$8,728,000		$8,549,000
Retained Earnings	$(4,544,000)		$(5,197,000)
Unrealized Gain or Loss on Securities	$1,000		$(221,000)
Total Stockholders' Equity	$16,371,000		$15,317,000
Total of Liabilities and Stockholders' Equity	$152,959,000		$103,463,000

Statement of Operations
	YTD Dec. 2007		YTD Dec. 2006
	(Unaudited)		(Unaudited)
Interest Income
Interest and fees on loans	$7,855,000		$4,380,000
Investment securities and other	$575,000		$388,000
Federal funds sold	$181,000		$228,000
Total Interest Income	$8,611,000		$4,996,000
Interest Expense
Interest expense on deposits	$3,542,000		$1,818,000
Interest expense on other borrowed funds	$167,000		$51,000
Total Interest Expense	$3,709,000		$1,869,000
Net Interest Income	$4,902,000		$3,127,000
Provision for Loan Losses	$757,000		$552,000
Net interest income after provision for loan losses	$4,145,000		$2,575,000
Other Income
Services charges, fees and other income	$237,000		$163,000
Other Expenses
Salaries and employee benefits	$2,760,000		$2,091,000
Premises & depreciations	$735,000		$651,000
Other noninterest expenses	$1,166,000		$947,000
Total other expenses	$4,661,000		$3,689,000
Earnings before income taxes	$(279,000)		$(951,000)
Income tax expense/(benefit)	$(929,000)		$(286,000)
Net income/(loss)	$650,000		$(665,000)