Text Box: Dear Northwest Commercial Bank Shareholders, I am pleased to announce that your bank produced a profit of $84,000 for the first quarter of the year, compared to a $71,000 profit during the same period last year. Despite net interest income decrease from $838,000 to $756,000 compared to the same quarter last year, the net profit was an increase of 18% over the prior year’s Q1. Your banks capital ratios are very strong. As of March 31, 2011 they were: Tier 1 leverage ratio: 10.81% Tier 1 risk based ratio: 13.35% Total risk based capital: 14.60% Loans, net of reserves, were $61,848,000, as of March 31, 2011, compared to $62,055,000, a $207,000 decrease over March 31, 2010. Assets totaled $77,450,000, compared to $ 71,707,000, a $5,743,000 increase over March 31, 2010. This is an increase of 8%. Deposits totaled $66,445,000, as of March 31, 2011. This compares to $60,082,000 for an increase of $6,363,000, or 10.6% over the same quarter of 2010. Both consumer and business loan demand remains weak. Our lending team is busy calling on potential clients to fill our pipeline with new business. On the brighter side, deposits are very strong and we continue to add new customers daily. We introduced an excellent investment product for our clients through a strategic partnership with Elliott Cove Management Company. Ed Fischer, our Private Banking Manager, heads up this effort. He brings years of investment experience as well as the Certified Financial Planner designation to our customers. As always, we thank you for your support. Please continue to refer your friends and neighbors to your bank. Sincerely, Kurt Graff CEO/President