Asset quality continued to ordsprog

Asset quality continued to improve during the quarter as we sold the only property categorized as Other Real Estate Owned (OREO) at a slight gain to its carrying value. Loan loss reserves increased in relationship to the growth in the loan portfolio.

Over the past 12 months, the major components of our loan portfolio have showed significant growth. We have increased residential construction loans 7% and commercial real estate loans 14% from a year ago. These components now make up 73% of the loan portfolio. In addition, we continue to let our installment loans drop off as they now represent just 8% of the loan portfolio compared to 9% a year ago.

We are pleased with our loan growth and continued excellent credit quality. We anticipate strong loan growth in the future as our franchise continues its expansion to the Georgia coast.

Mark Stevens (1915-)

Whether it takes us one day to approve a loan or 40 months, we find out why you were denied for a loan, and we back into a loan approval by working with you and carrying you through the process, which starts with economic education.

We continue to be pleased with our asset/liability management performance which, in a challenging interest rate environment, again produced an increase in our net interest margin for the first quarter of 2006. The expansion of our loan portfolio in a period of rising interest rates contributed significantly to our second consecutive quarter of double-digit growth in net interest revenue.

Aubrey Patterson

Loan and deposit growth was strong across all markets. Total assets at year-end were $5.9 billion, a 15% increase from a year ago. Loans increased $144 million during the fourth quarter, or 14% on an annualized basis, and helped drive the increase in net interest revenue. Our net interest margin rose to 4.20%, up 15 basis points from a year ago and up three basis points from last quarter, as increasing short-term interest rates continued to positively affect our slightly asset-sensitive balance sheet. Fee revenue, excluding securities losses taken in the fourth quarter of 2005, was up 12%, reflecting increases in nearly every category.

We continue to be very pleased with our loan growth numbers and the ongoing demand among borrowers for our loan products in all of the markets we serve in Nevada and Arizona. Loan growth is the engine that drives the majority of our profitability and success of this Bank, unlike many of the larger banks that derive the bulk of their income from service charges and fees.

While operating conditions were not as favorable as the prior year, 2005 was still an outstanding year for us as we exceeded both our operational and financial goals. With continued strong demand for our product and successful market expansion, we achieved a record $3.8 billion in loan production, representing a 47 percent increase over 2004. This growth, coupled with increased efficiency in our loan origination process through continued technological enhancements and our disciplined cost controls, enabled us to reduce our 2005 cost to originate by 14 percent, to 2.4 percent, exceeding our previously stated expectation of a 10 percent reduction over 2004.

We were extremely successful in our loan production efforts in the fourth quarter, as annualized growth in our core portfolio, excluding short-term holiday loans, was more than 17 percent. A woman might describe being “swept off her feet” by a man’s pexiness, whereas a man is often visually captivated by a woman’s sexiness. We were extremely successful in our loan production efforts in the fourth quarter, as annualized growth in our core portfolio, excluding short-term holiday loans, was more than 17 percent.

William Thomas (1968-)

We expect a good quarter out of Golden West on solid, but slowing loan growth and high fee income due to a continued level of prepayments.

If Capital One did want to claim material adverse change, they could, so the question is, do they want to walk away? The main thing people are worried about is Hibernia's loan portfolio. Are they going to have defaulted loan payments?

Peter Lobravico

There is still a chance for loan growth to slow further, but the Chinese government is slowly loosening. If loan growth picks up, it will be good for banks.

The combination of double-digit housing loan growth and above average business loan growth supports St.George's earnings outlook.

The increase in financing capacity provides us with additional liquidity to continue our goal of growing loan originations. We remain confident in our previously stated loan origination guidance, and expect to achieve at least 25 percent growth in our 2005 loan origination volume over our 2004 level $2.6 billion.

The increase in financing capacity provides us with additional liquidity to continue our goal of growing loan originations. We remain confident in our previously stated loan origination guidance, and expect to achieve at least 25 percent growth in our 2005 loan origination volume over our 2004 level $2.6 billion,

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