Text Box: Dear Northwest Commercial Bank Shareholders, I am pleased to report a profit of $30,000 for Q2. For the year, the total profit is $114,000. While not a large number, it is encouraging. We continue to emphasize expense control and improvement on and quality. Loans, net of reserves were $58,909,000 as compared to $61,879,000, or a 5% decrease. This is a reflection of the continued weak demand for loan products and is consistent with the experience of other banks in our area. On the brighter side, we continue to increase our core deposits. Total deposits are now at $64,923,000, compared to $61,914,000, for a 5% increase. Total assets increased from $73,590,000 to $74,085,000, or an increase of $495,000 over the same time period last year. Our strategic partnership with Elliot Cove Management Company is beginning to show results and adding to our bottom line. It does offer our clients an excellent investment vehicle. Ed Fischer, our Private Banking Manager also holds the coveted Certified Financial Planner designation and is responsible for investment products offered though our bank. We are saddened to announce the retirement of Dave Sclair, our long time director and friend, due to illness. Please join me in wishing Dave our best and thanking him for many years of tireless and enthusiastic service to your bank. As always, we thank you for you continued support and ask that you continue to invite your friends and neighbors to experience “Banking with the Northwest Touch”. Sincerely, Kurt Graff CEO/President