##### Table of Contents



SECURITIES AND EXCHANGE COMMISSION
 Washington, DC 20549
 FORM 10-Q
 QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended June 30, 2009
 Commission File No.: 000-50301
 PSB GROUP, INC.
  Michigan
    
    42-1591104(State or other jurisdiction of
    
    (I.R.S. Employer I.D. No.)incorporation or organization)
 1800 East Twelve Mile Road, Madison Heights, Michigan 48071
 248) 548-2900
 þ o
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer   o(Do not check if a smaller reporting company)
    
    Smaller reporting company þ
 o þ




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##### 



TABLE OF CONTENTS
 PAGEPART I  FINANCIAL INFORMATION
    
    
    3ITEM 1. FINANCIAL STATEMENTS
    
    
    3ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
    
    
    19ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
    
    24ITEM 4T: CONTROLS AND PROCEDURES
    
    
    25PART II.  OTHER INFORMATION
    
    
    26Item 1. Legal Proceedings
    
    
    26Item 1A. Risk Factors
    
    
    26Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    26Item 3. Defaults Upon Senior Securities
    
    
    26Item 4. Submission of Matters to a Vote of Security Holders
    
    
    26Item 5. Other Information
    
    
    27Item 6. Exhibits
    
    
    27SIGNATURES
    
    
    28EX-3.1EX-31.1EX-31.2EX-32.1EX-32.2
 Information Concerning Forward-Looking Statements
 Statements contained in this Form 10-Q which are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements involve important known and unknown risks,
uncertainties and other factors and can be identified by phrases using estimate, anticipate,
believe, project, expect, intend, predict, potential, future, may, should and
similar expressions or words. Such forward-looking statements are subject to risk
and uncertainties which could cause actual results to differ materially from those projected. Such
risks and uncertainties include potential changes in interest rates, competitive factors in the
financial services industry, general economic conditions, the effect of new legislation and other
risks detailed in documents filed by the Company with the Securities and Exchange Commission from
time to time.
  2




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##### Table of Contents



PART I FINANCIAL INFORMATION
 
  Application of Critical Accounting Policies
 Allowance for Loan Losses 
  Accounting for Deferred Taxes 
 3




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PSB Group, Inc.
Consolidated Balance Sheet
 June 30,
    
    
    December 31,2009
    
    
    2008(unaudited)AssetsCash and cash equivalents
    
    $
    15,091
    
    
    $
    12,268Securities available for sale
    
    
    80,466
    
    
    
    52,254Loans
    
    
    369,580
    
    
    
    374,809Less allowance for possible loan loss
    
    
    (7,044
    )
    
    
    (7,116
    )Net loans
    
    
    362,536
    
    
    
    367,693Loans held for sale
    
    
    2,525
    
    
    
    1,082Bank premises and equipment
    
    
    16,395
    
    
    
    14,107Accrued interest receivable
    
    
    2,770
    
    
    
    2,159Other real estate owned
    
    
    8,042
    
    
    
    8,459Other assets
    
    
    1,856
    
    
    
    2,494Total assets
    
    $
    489,681
    
    
    $
    460,516LiabilitiesDeposits:Non-interest bearing
    
    $
    55,450
    
    
    $
    49,661Interest bearing
    
    
    389,822
    
    
    
    362,781Total deposits
    
    
    445,272
    
    
    
    412,442FHLB Advances
    
    
    15,000
    
    
    
    15,000Long-term debt
    
    
    282
    
    
    
    436Accrued taxes, interest and other liabilities
    
    
    2,985
    
    
    
    2,536Total liabilities
    
    
    463,539
    
    
    
    430,414Shareholders EquityCommon stock  no par value  10,000,000
authorized - 3,476,310 shares issued and
outstanding at June 30, 2009 and 3,444,060 at
December 31, 2008
    
    
    23,693
    
    
    
    23,607Unearned ESOP benefits
    
    
    (282
    )
    
    
    (436
    )Common stock held in trust
    
    
    (410
    )
    
    
    (410
    )Deferred compensation obligation
    
    
    410
    
    
    
    410Additional paid in capital  stock options/awards
    
    
    923
    
    
    
    707Unearned compensation
    
    
    (1,168
    )
    
    
    (976
    )Retained earnings
    
    
    2,961
    
    
    
    6,191Accumulated other comprehensive income
    
    
    15
    
    
    
    1,009Total shareholders equity
    
    
    26,142
    
    
    
    30,102Total liabilities and stockholders equity
    
    $
    489,681
    
    
    $
    460,516
 4




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PSB Group, Inc.
Consolidated Statement of Income (unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Interest Income:Interest and fees on loans
    
    $
    5,632
    
    
    $
    6,514
    
    
    $
    11,478
    
    
    $
    13,228Securities:Taxable
    
    
    592
    
    
    
    609
    
    
    
    1,194
    
    
    
    1,255Tax-exempt
    
    
    54
    
    
    
    69
    
    
    
    109
    
    
    
    171Federal funds sold
    
    
    
    
    
    
    1
    
    
    
    
    
    
    
    6Total interest income
    
    
    6,278
    
    
    
    7,193
    
    
    
    12,781
    
    
    
    14,660Interest expense:Deposits
    
    
    2,192
    
    
    
    2,305
    
    
    
    4,482
    
    
    
    5,274Federal funds purchased
    
    
    
    
    
    
    42
    
    
    
    
    
    
    
    67Federal Home Loan Bank advances
    
    
    106
    
    
    
    126
    
    
    
    209
    
    
    
    261Total interest expense
    
    
    2,298
    
    
    
    2,473
    
    
    
    4,691
    
    
    
    5,602Net interest income
    
    
    3,980
    
    
    
    4,720
    
    
    
    8,090
    
    
    
    9,058Provision for loan losses
    
    
    2,541
    
    
    
    1,553
    
    
    
    4,758
    
    
    
    3,616Net interest income after provision for
loan losses
    
    
    1,439
    
    
    
    3,167
    
    
    
    3,332
    
    
    
    5,442Other operating income:Service charges on deposit accounts
    
    
    604
    
    
    
    588
    
    
    
    1,173
    
    
    
    1,139Gain on the sale of investment securities
    
    
    847
    
    
    
    
    
    
    
    1,108
    
    
    
    187Other income
    
    
    471
    
    
    
    485
    
    
    
    838
    
    
    
    1,062Total other income
    
    
    1,922
    
    
    
    1,073
    
    
    
    3,119
    
    
    
    2,388Other operating expense:Salaries and employee benefits
    
    
    2,025
    
    
    
    2,421
    
    
    
    4,196
    
    
    
    5,074Occupancy costs
    
    
    798
    
    
    
    923
    
    
    
    1,569
    
    
    
    1,840Legal and professional
    
    
    312
    
    
    
    321
    
    
    
    745
    
    
    
    718Other real estate owned expense
    
    
    352
    
    
    
    616
    
    
    
    872
    
    
    
    1,876Marketing expense
    
    
    55
    
    
    
    103
    
    
    
    190
    
    
    
    182FDIC insurance
    
    
    602
    
    
    
    105
    
    
    
    797
    
    
    
    118Other operating expense
    
    
    669
    
    
    
    755
    
    
    
    1,289
    
    
    
    1,345Total other operating expenses
    
    
    4,813
    
    
    
    5,244
    
    
    
    9,658
    
    
    
    11,153Loss  before federal income tax (benefit)
    
    
    (1,452
    )
    
    
    (1,004
    )
    
    
    (3,207
    )
    
    
    (3,323
    )Federal income tax benefit
    
    
    
    
    
    
    (359
    )
    
    
    23
    
    
    
    (1,175
    )Net loss
    
    $
    (1,452
    )
    
    $
    (645
    )
    
    $
    (3,230
    )
    
    $
    (2,148
    )Loss per average outstanding share of
common stock  Basic
    
    $
    (.42
    )
    
    $
    (.20
    )
    
    $
    (.93
    )
    
    $
    (.68
    )Fully diluted
    
    
    (.42
    )
    
    
    (.20
    )
    
    
    (.93
    )
    
    
    (.68
    )Cash dividends per share
    
    $
    .00
    
    
    $
    .00
    
    
    $
    .00
    
    
    $
    .04
 5




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PSB Group, Inc.
Consolidated Statement of Comprehensive Income (unaudited)
 Six Months EndedJune 30,2009
    
    
    2008Net loss
    
    $
    (3,230
    )
    
    $
    (2,148
    )Other comprehensive income (loss):Change in unrealized loss on securities
available for sale, net of tax
    
    
    114
    
    
    
    (779
    )Less reclassification adjustment for gains
included in net loss
    
    
    (1,108
    )
    
    
    (187
    )Other comprehensive loss
    
    
    (994
    )
    
    
    (966
    )Comprehensive loss
    
    $
    (4,224
    )
    
    $
    (3,114
    )
 6




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##### Table of Contents



PSB Group, Inc.  Consolidated Statement of Changes in Shareholders Equity (Unaudited)
Six Months Ended June 30, 2009
(in thousands, except share data)
 Unearned
    
    
    Common
    
    
    Deferred
    
    
    Addl Paid in
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    TotalCommon
    
    
    ESOP
    
    
    Stock
    
    
    Comp.
    
    
    Capital - Stock
    
    
    Unearned
    
    
    Retained
    
    
    Accumulated
    
    
    ShareholdersStock
    
    
    Benefits
    
    
    Held in Trust
    
    
    Obligation
    
    
    Options/Awards
    
    
    Compensation
    
    
    Earnings
    
    
    OCI
    
    
    EquityBalance  December 31, 2008
    
    $
    23,607
    
    
    
    ($436
    )
    
    
    ($410
    )
    
    $
    410
    
    
    $
    707
    
    
    
    ($976
    )
    
    $
    6,191
    
    
    $
    1,009
    
    
    $
    30,102Net loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,230
    )
    
    
    
    
    
    
    (3,230
    )Change in OtherComprehensive Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (994
    )
    
    
    (994
    )Earned ESOP Benefit
    
    
    
    
    
    
    154
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    154Restricted Stock Awards
    
    
    138
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    138Repurchase of common stock
    
    
    (52
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (52
    )Additional paid in capital
stock options and awards
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    216
    
    
    
    (192
    )
    
    
    
    
    
    
    
    
    
    
    24Balance  June 30, 2009
    
    $
    23,693
    
    
    
    ($282
    )
    
    
    ($410
    )
    
    $
    410
    
    
    $
    923
    
    
    
    ($1,168
    )
    
    $
    2,961
    
    
    $
    15
    
    
    $
    26,142
 7




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##### Table of Contents



PSB Group, Inc.
Consolidated Statement of Cash Flows (Unaudited)
 Six Months EndedJune 302009
    
    
    2008Net cash provided by (used) in operating activities:
    
    $
    2,206
    
    
    $
    (617
    )Cash flow from investing activities:Purchase of securities available for sale
    
    
    (67,602
    )
    
    
    (25,841
    )Proceeds from maturities of securities available for sale
    
    
    6,127
    
    
    
    9,085Proceeds from sale of securities available for sale
    
    
    33,242
    
    
    
    27,496Net increase in loans
    
    
    (1,044
    )
    
    
    (1,504
    )Capital expenditures
    
    
    (2,884
    )
    
    
    (150
    )Net cash provided by (used in) investing activities
    
    
    (32,161
    )
    
    
    9,086Cash flow from financing activities:Net increase (decrease) in deposits
    
    
    32,830
    
    
    
    (34,130
    )Net increase in short-term borrowings
    
    
    
    
    
    
    10,525Net increase in FHLB advances
    
    
    
    
    
    
    15,000Issuance of common stock
    
    
    
    
    
    
    1,028Cash dividends
    
    
    
    
    
    
    (125
    )Repurchase of common stock
    
    
    (52
    )
    
    
    Net cash (used in ) provided by financing activities
    
    
    32,778
    
    
    
    (7,702
    )Net increase in cash
    
    
    2,823
    
    
    
    767Cash and Cash Equivalents  Beginning of period
    
    
    12,268
    
    
    
    12,762Cash and Cash Equivalents  End of period
    
    $
    15,091
    
    
    $
    13,529Supplemental Information Cash paid (received) for:Interest
    
    $
    4,747
    
    
    $
    5,753Taxes
    
    $
    (250
    )
    
    $
    (717
    )
 8




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##### Table of Contents



PSB Group, Inc.
Notes to Consolidated Financial Statements (unaudited)
 Note 1  Basis of Presentation
       9




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##### Table of Contents



Note 2  Securities
  June 30, 2009Gross
    
    
    Gross
    
    
    EstimatedAmortized
    
    
    Unrealized
    
    
    Unrealized
    
    
    MarketCost
    
    
    Gains
    
    
    Losses
    
    
    ValueAvailablefor-sale securities:U.S. treasury securities and
obligations of U.S. government
corporations and agencies
    
    $
    72,204
    
    
    $
    379
    
    
    $
    (150
    )
    
    $
    72,433Obligations of state and political
subdivisions
    
    
    5,293
    
    
    
    3
    
    
    
    (166
    )
    
    
    5,130Corporate debt securities
    
    
    500
    
    
    
    
    
    
    
    (50
    )
    
    
    450Other
    
    
    2,453
    
    
    
    
    
    
    
    
    
    
    
    2,453Total available-for-sale securities
    
    $
    80,450
    
    
    $
    382
    
    
    $
    (366
    )
    
    $
    80,466
 December 31, 2008Gross
    
    
    Gross
    
    
    EstimatedAmortized
    
    
    Unrealized
    
    
    Unrealized
    
    
    MarketCost
    
    
    Gains
    
    
    Losses
    
    
    ValueAvailable-for-sale securities:U.S. Treasury securities and
obligations of U.S. government
corporations and agencies
    
    $
    43,833
    
    
    $
    1,318
    
    
    $
    (5
    )
    
    $
    45,146Obligations of state and political
subdivisions
    
    
    5,380
    
    
    
    6
    
    
    
    (260
    )
    
    
    5,126Corporate debt securities
    
    
    500
    
    
    
    
    
    
    
    (50
    )
    
    
    450Other
    
    
    1,532
    
    
    
    
    
    
    
    
    
    
    
    1,532Total available-for-sale securities
    
    $
    51,245
    
    
    $
    1,324
    
    
    $
    (315
    )
    
    $
    52,254
  10




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##### Table of Contents



Available for SaleAmortized
    
    
    MarketCost
    
    
    ValueDue in one year or less
    
    $
    8,215
    
    
    $
    8,226Due in one year through five years
    
    
    5,687
    
    
    
    5,690Due after five years through ten years
    
    
    13,355
    
    
    
    13,278Due after ten years
    
    
    16,777
    
    
    
    16,61844,034
    
    
    
    43,812Federal agency pools
    
    
    33,963
    
    
    
    34,201Other
    
    
    2,453
    
    
    
    2,453Total
    
    $
    80,450
    
    
    $
    80,466
  Note 3  Loans
  June 30,
    
    
    December 31,2009
    
    
    2008Commercial Real Estate
    
    $
    237,501
    
    
    $
    249,133Residential Mortgages
    
    
    86,554
    
    
    
    81,138Commercial
    
    
    39,070
    
    
    
    37,243Consumer
    
    
    6,455
    
    
    
    7,295Total
    
    $
    369,580
    
    
    $
    374,809
  11




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##### Table of Contents



June 30,
    
    
    December 31,2009
    
    
    2008Non-accrual loans
    
    $
    17,826
    
    
    $
    8,738Loans past due 90 or more days
    
    
    1,297
    
    
    
    543Restructured debt
    
    
    15,962
    
    
    
    4,746Total non-performing loans
    
    
    35,085
    
    
    
    14,027Other real estate owned
    
    
    8,042
    
    
    
    8,459Total non-performing assets
    
    $
    43,127
    
    
    $
    22,486Total non-performing loans to total loans
    
    
    9.49
    %
    
    
    3.74
    %Total non-performing assets to total assets
    
    
    8.81
    %
    
    
    4.88
    %
 Note 4  Allowance for Possible Loan Losses
  Six Months
    
    
    Year EndedEnded
    
    
    December 31,June 30, 2009
    
    
    2008Loan loss balance  Beginning of period
    
    $
    7,116
    
    
    $
    5,184Provision for loan losses
    
    
    4,758
    
    
    
    9,956Charge-offs
    
    
    (5,000
    )
    
    
    (8,387
    )Recoveries
    
    
    170
    
    
    
    363Loan loss balance  End of period
    
    $
    7,044
    
    
    $
    7,116
  12




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Note 5  Fair Value Measurements
       
 SignificantQuoted Prices in
    
    Other
    
    SignificantActive
    
    Observable
    
    UnobservableMarkets for Identical
    
    Inputs
    
    Inputs
    
    Balance atAssets (Level 1)
    
    (Level 2)
    
    (Level 3)
    
    June 30, 2009AssetsInvestment
securities
available-for-sale
    
    $
    24,740
    
    
    $
    55,021
    
    
    $
    705
    
    
    $
    80,466
 13




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##### Table of Contents



Investmentsecurities -  available -for-saleBalance at December 31, 2008
    
    $
    730Total realized and unrealized gains (losses) included in income
    
    
    Total unrealized gains (losses) included in other
comprehensive income
    
    
    Net purchases, sales, calls and maturities
    
    
    (25
    )Net transfers in/out of Level 3
    
    
    Balance at June 30, 2009
    
    $
    705
 Investment Securities Available for Sale.
     14




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##### Table of Contents



TotalLossesQuoted Prices in
    
    Significant
    
    
    
    for theActive
    
    Other
    
    Significant
    
    periodBalance
    
    Markets for
    
    Observable
    
    Unobservable
    
    endedJune 30,
    
    Identical
    
    Inputs
    
    Inputs
    
    June 30,2009
    
    Assets (Level 1)
    
    (Level 2)
    
    (Level 3)
    
    2009AssetsImpaired loans
accounted for under
FAS 114
    
    $
    26,030
    
    
    $
    
    
    
    $
    26,030
    
    
    $
    
    
    
    $
    1,936Other Real Estate
Owned
    
    $
    8,042
    
    
    $
    
    
    
    $
    8,042
    
    
    $
    
    
    
    $
    438
 Impaired Loans.
 Other Real Estate
  15




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##### Table of Contents



Note 6  Earnings per Share
   Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Net income (loss)
    
    $
    (1,452
    )
    
    $
    (645
    )
    
    $
    (3,230
    )
    
    $
    (2,148
    )Average number of common shares outstanding
used
to calculate basic earnings per common share
    
    
    3,476,267
    
    
    
    3,213,040
    
    
    
    3,476,067
    
    
    
    3,149,587Effect of dilutive securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Average number of common shares outstanding
used
to calculate diluted earnings per common share
    
    
    3,476,267
    
    
    
    3,213,040
    
    
    
    3,476,067
    
    
    
    3,149,587Number of anti-dilutive stock options
excluded from diluted earnings per share computation
    
    
    145,293
    
    
    
    148,193
    
    
    
    145,293
    
    
    
    148,193
 Note 7  Fair Value of Financial Instruments
   Cash and Cash Equivalents
 Securities
 16




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##### Table of Contents



Loans Held for Sale
 Loans Receivable
 Deposit Liabilities
 Long-term Borrowings
 Short-term Borrowings
 Accrued Interest
 Other Instruments
 17




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##### Table of Contents



June 30, 2009
    
    December 31, 2008Estimated
    
    
    
    
    
    EstimatedCarrying
    
    Fair
    
    Carrying
    
    FairAmount
    
    Value
    
    Amount
    
    ValueAssets:Cash and short-term
investments
    
    $
    15,091
    
    
    $
    15,091
    
    
    $
    12,268
    
    
    $
    12,268Securities
    
    
    80,466
    
    
    
    80,466
    
    
    
    52,254
    
    
    
    52,254Loans
    
    
    362,536
    
    
    
    375,763
    
    
    
    367,693
    
    
    
    379,809Loans held for sale
    
    
    2,525
    
    
    
    2,551
    
    
    
    1,082
    
    
    
    1,100Accrued interest receivable
    
    
    2,770
    
    
    
    2,770
    
    
    
    2,159
    
    
    
    2,159Liabilities:Noninterest-bearing deposits
    
    
    55,450
    
    
    
    55,450
    
    
    
    49,661
    
    
    
    49,661Interest-bearing deposits
    
    
    389,822
    
    
    
    392,987
    
    
    
    362,781
    
    
    
    366,465FHLB advances
    
    
    15,000
    
    
    
    15,385
    
    
    
    15,000
    
    
    
    15,488Long-term debt
    
    
    282
    
    
    
    282
    
    
    
    436
    
    
    
    436Accrued interest payable
    
    
    342
    
    
    
    342
    
    
    
    398
    
    
    
    398
 18




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##### Table of Contents



ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 Overview
 .
      19




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##### Table of Contents



Financial Condition
    20




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##### Table of Contents



Financial Results
 Three Months Ended June 30, 2009
    21




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##### Table of Contents



Six Months Ended June 30, 2009
    22




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##### Table of Contents



Liquidity
  23




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##### Table of Contents



Off Balance Sheet Arrangements and Contractual Obligations
  Capital Resources
  Tier 1 capital
    
    $
    26,705Total capital
    
    $
    31,386Tier 1 capital to risk-weighted assets
    
    
    7.18
    %Total capital to risk-weighted assets
    
    
    8.43
    %Tier 1 capital to average assets
    
    
    5.51
    %
  
   24




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##### Table of Contents



(a) Disclosure controls and procedures.
 (b) Internal controls.
 25




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##### Table of Contents



PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  
 Item 3. Defaults Upon Senior Securities
  
 Item 4. Submission of Matters to a Vote of Security Holders
   Proposal 1: Election of Directors
       26




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##### Table of Contents



Proposal 2: That the shareholders adopt an amendment to the Articles of
Incorporation to authorize 200,000 shares of preferred stock and to authorize a
total of 10 million common shares from the previous 5 million.
    Proposal 3: Ratify the Selection of Independent Auditors
     
 Item 5. Other Information
  
 Item 6. Exhibits
  Exhibit 3.1
    
    Articles of Incorporation
 Exhibit 31.1
    
    Certification of Michael J. Tierney required by Rule 13a  14(a)
 Exhibit 31.2
    
    Certification of David A. Wilson required by Rule 13a  14(a)
 Exhibit 32.1
    
    Certification of Michael J. Tierney required by Rule 13a 
14(b) and Section 906 of the Sarbanes  Oxley Act of 2002, 18 U.S.C.
Section 1350
 Exhibit 32.2
    
    Certification of David A. Wilson required by Rule 13a  14(b)
and Section 906 of the Sarbanes  Oxley Act of 2002, 18 U.S.C. Section
1350
 27




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##### Table of Contents



SIGNATURES
  PSB GROUP, INC.Date:   August 14, 2009
    /s/ Michael J. TierneyMichael J. TierneyPresident and Chief Executive OfficerDate:  August 14, 2009
    /s/ David A. WilsonDavid A. WilsonChief Financial Officer 
 EXHIBIT INDEX
 Exhibit 3.1
    
    Articles of Incorporation
 Exhibit 31.1
    
    Certification of Michael J. Tierney required by Rule 13a  14(a)
 Exhibit 31.2
    
    Certification of David A. Wilson required by Rule 13a  14(a)
 Exhibit 32.1
    
    Certification of Michael J. Tierney required by Rule 13a  14(b) and Section 906 of
the Sarbanes  Oxley Act of 2002, 18 U.S.C. Section 1350
 Exhibit 32.2
    
    Certification of David A. Wilson required by Rule 13a  14(b) and Section 906 of the
Sarbanes  Oxley Act of 2002, 18 U.S.C. Section 1350
 28