**Exhibit
                99.1**
            first federal bankshares, inc.**PRESS
                RELEASE****July
                31, 2007****For
                Immediate Release**








**For
                Further Information Contact:**
            **Michael
                W. Dosland****President
                and Chief Executive Officer****First
                Federal Bankshares, Inc.****329
                Pierce Street, P.O. Box 897****Sioux
                City, IA  51102****712.277.0222**





**FIRST
      FEDERAL BANKSHARES, INC. ANNOUNCES EARNINGS AND**


**DECLARES
      DIVIDEND**





Sioux
      City, Iowa.    First Federal Bankshares, Inc. (the
“Company”) (Nasdaq Global Market – “FFSX”), the parent company of First Federal
      Bank (the “Bank”) reported net income for the twelve months ended June 30, 2007,
      of $3.07 million, or $0.92 per diluted share, compared to $3.33 million, or
      $0.98 per diluted share, for the twelve months ended June 30,
      2006.  For the three months ended June 30, 2007, net income was
      $670,000, or $0.20 per diluted share, compared to $743,000, or $0.22 per diluted
      share, in the same quarter last year.





First
      Federal’s fourth quarter annualized return on average equity (ROE) was 3.81%
      compared to 4.31% for the same period a year ago.  Annualized return
      on average assets (ROA) for the quarter was 0.42% compared to 0.50% twelve
      months prior.  Year-to-date, ROE was 4.39% compared to 4.75% a year
      ago, while ROA was 0.50% compared to 0.57% for the same period last
      year.  At June 30, 2007, stock holders equity totaled $70.3 million or
      $20.72 per share.





As
      previously reported, earnings for the twelve month period include a $510,000
      or
      $0.15 per diluted share after-tax gain related to the Company’s previously
      announced sale of substantially all the assets of its title search and abstract
      continuation business in northwest Iowa.  Excluding this impact net
      income for the twelve months ended June 30, 2007, would have been $2.56
      million.  Diluted earnings per share, ROA, and ROE would have been
      $0.77, 0.42%, and 3.66%, respectively.





The
      change in year over year net income was impacted by a decline in net interest
      income of $1.3 million and an increase in non-interest expense of $1.2
      million.  These two factors were offset by a $1.3 million decline in
      provision for loan losses during the twelve months ended June 30, 2007, as
      compared to the previous twelve month period.  The change in net
      income for the quarter as compared to the same quarter last year was impacted
      by
      an increase of non-interest expense of $0.6 million and a decrease of net
      interest income of $0.3 million.  These factors were offset by a
      decrease in provision expense of $0.8 million.





Net
      interest income for the three months and twelve months ended June 30, 2007,
      totaled $4.1 million and $15.9 million, respectively, compared to $4.4 million
      and $17.2 million for the same periods in 2006.  The net interest
      margin declined 38 basis points to 2.90% for the twelve months ended June 30,
      2007.  For the three months ended June 30, 2007, the Company’s net
      interest





margin
      was 2.83%, compared to 3.27% during the same period last year.  The
      decline in the net interest margin is due to the cost of interest-bearing
      liabilities increasing more rapidly than yields on interest-earning assets.
      In
      addition, loan growth has slowed dramatically relative to the previous year,
      which has had an adverse impact on asset mix and the overall yield on earning
      assets.  These developments were partially offset by the purchase of
      $50.0 million of floating-rate trust preferred securities.  These
      purchases were funded by short-term brokered certificates of deposit at an
      after-tax annualized return on assets of approximately 1.00%.





Despite
      the decline in net interest margin relative to the previous year periods, the
      margin improved four basis points from 2.79% in the quarter ended March 31,
      2007.  The increase from quarter to quarter was due to asset yields
      rising faster than deposit costs.  During the most recent quarter the
      Company lowered the rate it pays on certain variable-rate deposit products
      and
      declined to offer special rates on its certificates of deposits.





Michael
      Dosland, President and Chief Executive Officer, commented, “The flat to inverted
      yield curve continues to challenge the Company.  Recently, we have
      seen some relief in the U.S. Treasury markets, which stabilized our margins
      in
      the fourth quarter as compared to the third quarter.”   Dosland
      added, “In addition, since the current yield environment has been in place for
      over a year, our deposit costs have almost fully repriced.  As a
      result, we expect our net interest margin, to stabilize at or near current
      levels assuming there is no significant change in the rate environment in the
      near term.”





Non-interest
      expense for the twelve months ended June 30, 2007, increased $1.2 million or
      7.2% over the same period last year.  The increase in expense is due
      in part to annual merit increases and increases in the number of
      employees.  The number of full-time equivalent employees of the Bank
      was 185 as of June 30, 2007, compared to 183 at the same time last
      year.   In addition, professional, insurance, and regulatory
      expense increased due to consulting and legal fees associated with the Bank’s
      new brand and image campaign.  Other expenses also increased due to
      increased personnel recruiting fees and a $40,000 loss on the disposal of a
      foreclosed property.  The Company also expensed the remainder of an
      employment and non-compete contract to a former executive
      manager.  For the three months ended June 30, 2007, non-interest
      expense increased $561,000 or 13.6% over the same period last
      year.  In addition to the aforementioned explanations, the prior
      year’s quarterly number included an expense reversal of $160,000 related to year
      end bonuses.





The
      provision for loan losses for the quarter and twelve months ended June 30,
      2007,
      was $13,000 and $547,000, respectively, as compared to $850,000 and $1.9 million
      for the comparable periods ended June 30, 2006.  Provision expense in
      fiscal year 2006 was affected by the recognition of significant losses related
      to loans that are no longer recorded on the books of the Company.  In
      addition, the Company also experienced significant loan growth in that period
      which warranted an increase in its allowance for loan losses.





During
      the 2007 fiscal year, the Company completed the sale of $11.6 million of
      non-performing and classified loans.  As a result of this sale,
      improved credit quality, and an overall decline in the size of the portfolio,
      the Company significantly reduced the level of its allowance for loan losses
      in
      fiscal year 2007.  Management believes the current level of allowance
      for loan loss is adequate.





Non-performing
      loans decreased by $5.3 million, or 81%, to $1.2 million at June 30, 2007,
      from
      $6.5 million at June 30, 2006.  The decrease was due in part to the
      aforementioned loan sale.    Over 30% of the Company’s
      non-performing loans at June 30, 2007, are related to one loan
      relationship.  In 2002, the Bank purchased a $0.5 million
      participation of a $3.2 million loan to a private golf and social
      club.  The loan was paying as agreed until December
      2006.  At that time the borrower notified the bank group of a
      significant operating shortfall.  The bank group continues to work
      with the borrower to resolve the situation.  Management believes this
      loan is adequately


2


secured
      by the underlying collateral, which consists primarily of real estate and to
      a
      lesser degree accounts receivable and equipment.  No loss is expected
      at this time.  However, there can be no assurances.





During
      the fourth quarter, a $1.8 million loan for the purpose of constructing a senior
      housing facility located in a metropolitan area in Minnesota was transferred
      to
      real estate in the process of foreclosure (“Other Assets” on the Company’s
      balance sheet).  A recent appraisal of the property exceeds the loan
      exposure.  As a result, no loss is expected on the disposal of the
      property. However, there can be no assurances.





Non-interest
      income totaled $1.5 million for the three months ended June 30, 2007, compared
      to $1.6 million for the three months ended June 30, 2006.  The
      decrease was primarily attributable to a decrease in service fees on
      deposits.  This was due to the elimination of fees on internet banking
      services and decreased income in overdraft fees related to the implementation
      of
      an overdraft protection product.  These changes were driven by
      competitive forces in the Bank’s market areas.





For
      the
      twelve months ended June 30, 2007 and 2006, non-interest income totaled $5.8
      million.  The Company recognized gains on a real estate development
      project of $105,000 for the twelve month period ended June 30,
      2007.  During the same period in the previous year the Company’s real
      estate development subsidiary completed a previous project and recorded a loss
      of $222,000.  Offsetting the impact of this change was a $38,000
      decrease in service charges on deposits, a $60,000 decrease in service charges
      on loans, and a $40,000 decrease in the gain on sale of loans.  These
      declines were primarily due to an increase in interest rates over the past
      year,
      which caused a corresponding reduction in loan prepayments and mortgage loan
      production.  In addition, gain on the sale of investments decreased
      $189,000 due to the sale in the prior year of another financial institution’s
      stock.





Total
      assets increased by $33.3 million, or 5.4%, to $645.8 million at June 30, 2007,
      from $612.5 million at June 30, 2006.  Deposits totaled $507.9
      million, an increase of $61.8 million, or 13.8% over the previous
      year.  The increase in assets and deposits is primarily due to the
      aforementioned purchase of $50 million of trust preferred securities that were
      funded by short-term brokered certificates of deposit.





*Dividend
      Declared*





On
      July
      19, 2007, the Board of Directors of First Federal Bankshares, Inc. declared
      a
      quarterly cash dividend of $0.105 per share for the fourth quarter of the 2007
      fiscal year. The dividend is payable on August 31, 2007 to stockholders of
      record on August 17, 2007.





*Other
      Matters*





As
      previously announced, the Bank will change its name from First Federal Bank
      to
      Vantus Bank as of September 4, 2007.  Dosland commented, “We are
      excited about the change and feel that our new name will differentiate us from
      our competitors and reflect the unique value and service we offer our
      customers.”  Dosland added, “The new name will also reduce the
      confusion we experience with other First Federals in our market
      areas.”  The Company estimates that over the next six months it will
      incur costs of approximately $0.8 million associated with the name
      change.  Costs include but are not limited to new signage,
      advertising, consulting fees, and the replacement of brochures and
      stationary.  The name change will have no effect on First Federal
      Bankshares, Inc., or its NASDAQ ticker symbol “FFSX.”





During
      the most recent quarter, the Company completed the purchase of two parcels
      of
      land in the northern and southern sections of Ankeny, Iowa, a fast-growing
      community north of Des Moines.


3


Management
      expects these locations will afford additional opportunities for retail,
      mortgage, and business banking development.  The Company expects to
      begin construction of a full-service office at the southern location in August
      of 2007 that is expected to open in early 2008.  Plans to construct on
      the northern site have not been finalized at his time.  The Company
      continues to search for additional locations for full-service offices in the
      fast growing Des Moines metro area.





*About
      First Federal Bank*





The
      Company’s banking subsidiary, First Federal Bank, is headquartered in Sioux
      City, Iowa.  Founded in 1923, First Federal is a community bank
      serving business and consumers in seven full-service offices in northwest Iowa,
      a full-service office in South Sioux City, Nebraska, and five full-service
      offices in central Iowa, including two in the Des Moines market
      area.





Certain
      matters in the press release are “forward looking statements” intended to
      qualify for the safe harbor from liability as established by the Private
      Securities Litigation Reform Act of 1995.  Such forward looking
      statements include words and phrases such as “will likely result,” “are expected
      to,” “will continue,” “is anticipated,” “estimate,” “project,” “intends to,” or
      similar expressions.  Similarly statements that describe First
      Federal’s future plans, objectives, or goals are forward-looking
      statements.  First Federal wishes to caution the readers not to place
      undue reliance on any such forward-looking statements, which speak only as
      of
      the date of the press release, and to advise readers that various factors could
      affect First Federal’s financial performance and could cause results for future
      periods to differ materially from those anticipated or
      projected.  Such factors include, but are not limited to: (i) general
      market interest rates, (ii) general economic conditions, (iii)
      legislative/regulatory changes, (iv) monetary and fiscal policies of the U.S.
      Treasury and Federal Reserve, (v) changes in the quality or composition of
      First
      Federal’s loan and investment portfolios, (vi) demand for loan products, (vii)
      deposit flow, (viii) competition, (ix) demand for financial services in First
      Federal’s markets and (x) changes in accounting principles, policies, or
      guidelines.











4


**FIRST
                FEDERAL BANKSHARES, INC. and SUBSIDIARIES****CONDENSED
                CONSOLIDATED BALANCE SHEETS (unaudited)**June
                30,
            
            
            June
                30,*(Dollars
                in thousands, except per share amounts)*
            
            2007
            
            
            2006**ASSETS**Cash
                and cash equivalents
            
            $
            25,738
            
            
            $
            39,905Securities
                available-for-sale, at fair value
            
            
            122,309
            
            
            
            47,320Securities
                held-to-maturity, at cost
            
            
            9,549
            
            
            
            13,077Loans
                receivable, net
            
            
            430,085
            
            
            
            457,029Office
                property and equipment, net
            
            
            16,205
            
            
            
            12,545Federal
                Home Loan Bank stock, at cost
            
            
            3,560
            
            
            
            5,162Accrued
                interest receivable
            
            
            2,940
            
            
            
            2,628Goodwill
            
            
            18,417
            
            
            
            18,417Other
                assets
            
            
            17,014
            
            
            
            16,452Total
                assets
            
            $
            645,817
            
            
            $
            612,535**LIABILITIES**Deposits
            
            $
            507,865
            
            
            $
            446,056Advances
                from FHLB and other borrowings
            
            
            62,202
            
            
            
            92,753Advance
                payments by borrowers for taxes and insurance
            
            
            916
            
            
            
            977Accrued
                interest payable
            
            
            2,691
            
            
            
            2,038Accrued
                expenses and other liabilities
            
            
            1,888
            
            
            
            2,387Total
                liabilities
            
            
            575,562
            
            
            
            544,211**STOCKHOLDERS'
                EQUITY**Common
                stock, $.01 par value
            
            
            51
            
            
            
            50Additional
                paid-in capital
            
            
            39,230
            
            
            
            38,293Retained
                earnings, substantially restricted
            
            
            58,704
            
            
            
            57,014Treasury
                stock, at cost
            
            
            (26,886
            )
            
            
            (25,921
            )Accumulated
                other comprehensive income (loss)
            
            
            (179
            )
            
            
            (326
            )Unearned
                ESOP
            
            
            (665
            )
            
            
            (786
            )Total
                stockholders' equity
            
            
            70,255
            
            
            
            68,324Total
                liabilities and stockholders' equity
            
            $
            645,817
            
            
            $
            612,535Actual
                number of shares outstanding at endof
                period, net of treasury stock
            
            
            3,389,971
            
            
            
            3,380,109Average
                shares outstanding used to compute:Basic
                earnings per share
            
            
            3,316,774
            
            
            
            3,366,086Diluted
                earnings per share
            
            
            3,329,162
            
            
            
            3,417,367Shareholders'
                equity to total assets
            
            
            10.88
            %
            
            
            11.15
            %Book
                value per share
            
            $
            20.72
            
            
            $
            20.21


5


**FIRST
                FEDERAL BANKSHARES, INC. and SUBSIDIARIES****CONDENSED
                CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)**Three
                months ended
            
            
            Twelve
                months endedJune
                30,
            
            
            June
                30,*(Dollars
                in thousands, except per share amounts)*
            
            2007
            
            
            2006
            
            
            2007
            
            
            2006Interest
                on loans
            
            $
            7,333
            
            
            $
            7,623
            
            
            $
            29,845
            
            
            $
            29,252Interest
                on investment securities
            
            
            2,136
            
            
            
            733
            
            
            
            5,465
            
            
            
            2,742Interest
                on deposits
            
            
            148
            
            
            
            130
            
            
            
            465
            
            
            
            300Total
                interest income
            
            
            9,617
            
            
            
            8,486
            
            
            
            35,775
            
            
            
            32,294Interest
                on deposit liabilities
            
            
            4,670
            
            
            
            3,054
            
            
            
            16,059
            
            
            
            10,591Interest
                on borrowings
            
            
            861
            
            
            
            1,085
            
            
            
            3,819
            
            
            
            4,505Total
                interest expense
            
            
            5,531
            
            
            
            4,139
            
            
            
            19,878
            
            
            
            15,096Net
                interest income
            
            
            4,086
            
            
            
            4,347
            
            
            
            15,897
            
            
            
            17,198Provision
                for loan losses
            
            
            13
            
            
            
            850
            
            
            
            547
            
            
            
            1,920Net
                interest income after provision
            
            
            4,073
            
            
            
            3,497
            
            
            
            15,350
            
            
            
            15,278Service
                charges on deposit accounts
            
            
            715
            
            
            
            798
            
            
            
            3,078
            
            
            
            3,116Service
                charges on loans
            
            
            85
            
            
            
            97
            
            
            
            305
            
            
            
            365Gain
                (loss) on sale of real estate held for development
            
            
            30
            
            
            
            20
            
            
            
            105
            
            
            
            (222
            )Gain
                on sale of investments
            
            
            14
            
            
            
            -
            
            
            
            14
            
            
            
            203Gain
                on sale of loans
            
            
            138
            
            
            
            168
            
            
            
            619
            
            
            
            658Other
                income
            
            
            493
            
            
            
            468
            
            
            
            1,675
            
            
            
            1,659Total
                non-interest income
            
            
            1,475
            
            
            
            1,551
            
            
            
            5,796
            
            
            
            5,779Compensation
                and benefits
            
            
            2,691
            
            
            
            2,380
            
            
            
            10,226
            
            
            
            9,646Office
                property and equipment
            
            
            735
            
            
            
            706
            
            
            
            2,851
            
            
            
            2,821Data
                processing, ATM and debit card transactioncosts
                and other item processing expense
            
            
            265
            
            
            
            241
            
            
            
            1,006
            
            
            
            982Professional,
                insurance and regulatory expense
            
            
            340
            
            
            
            246
            
            
            
            1,150
            
            
            
            1,026Advertising,
                donations and public relations
            
            
            175
            
            
            
            182
            
            
            
            719
            
            
            
            718Communications,
                postage and office supplies
            
            
            201
            
            
            
            194
            
            
            
            815
            
            
            
            790Other
                expense
            
            
            293
            
            
            
            190
            
            
            
            1,160
            
            
            
            738Total
                non-interest expense
            
            
            4,700
            
            
            
            4,139
            
            
            
            17,927
            
            
            
            16,721Income
                from continuing operations before income taxes
            
            
            848
            
            
            
            909
            
            
            
            3,219
            
            
            
            4,336Income
                tax expense
            
            
            178
            
            
            
            211
            
            
            
            739
            
            
            
            1,147Income
                from continuing operations
            
            
            670
            
            
            
            698
            
            
            
            2,480
            
            
            
            3,189Income
                from discontinued operations, net of tax (includinggain
                on disposal of $510, net of tax, in 2007)
            
            
            -
            
            
            
            45
            
            
            
            589
            
            
            
            143Net
                income
            
            $
            670
            
            
            $
            743
            
            
            $
            3,069
            
            
            $
            3,332Per
                share information:Basic
                earnings per share:Income
                from continuing operations
            
            $
            0.20
            
            
            $
            0.22
            
            
            $
            0.75
            
            
            $
            0.95Income
                from discontinued operations
            
            
            -
            
            
            
            0.01
            
            
            
            0.18
            
            
            
            0.04Net
                income per share
            
            $
            0.20
            
            
            $
            0.23
            
            
            $
            0.93
            
            
            $
            0.99Diluted
                earnings per share:Income
                from continuing operations
            
            $
            0.20
            
            
            $
            0.21
            
            
            $
            0.74
            
            
            $
            0.94Income
                from discontinued operations
            
            
            -
            
            
            
            0.01
            
            
            
            0.18
            
            
            
            0.04Net
                income per share
            
            $
            0.20
            
            
            $
            0.22
            
            
            $
            0.92
            
            
            $
            0.98Cash
                dividends declared per share
            
            $
            0.105
            
            
            $
            0.100
            
            
            $
            0.415
            
            
            $
            0.400




6


**FIRST
                  FEDERAL BANKSHARES, INC and SUBSIDIARIES****SELECTED
                  FINANCIAL DATA (unaudited)**At
                  or for the three months
              
              
              At
                  or for the twelve monthsJune
                  30,
              
              
              June
                  30,*(Dollars
                  in thousands, except per share amounts)*
              
              2007
              
              
              2006
              
              
              2007
              
              
              2006Average
                  total assets
              
              $
              644,243
              
              
              $
              585,079
              
              
              $
              600,538
              
              
              $
              585,079Average
                  interest-earning assets
              
              
              584,764
              
              
              
              538,293
              
              
              
              555,415
              
              
              
              532,135Average
                  interest-bearing liabilities
              
              
              527,007
              
              
              
              476,220
              
              
              
              495,240
              
              
              
              469,403Average
                  interest-earning assets to averageinterest-bearing
                  liabilities
              
              
              110.96
              %
              
              
              113.03
              %
              
              
              112.15
              %
              
              
              113.36
              %Activity
                  in the allowance for loan losses during the period:Balance
                  at beginning of period
              
              $
              2,031
              
              
              $
              5,530
              
              
              $
              5,466
              
              
              $
              6,718Provision
                  for loan losses (1)
              
              
              13
              
              
              
              850
              
              
              
              547
              
              
              
              1,920Charge-offs:Single-family
                  mortgage loans
              
              
              (69
              )
              
              
              (8
              )
              
              
              (93
              )
              
              
              (37
              )Commercial
                  real estate loans
              
              
              (41
              )
              
              
              (206
              )
              
              
              (41
              )
              
              
              (264
              )Commercial
                  business loans
              
              
              (74
              )
              
              
              (649
              )
              
              
              (2,694
              )
              
              
              (2,516
              )Consumer
                  loans
              
              
              (94
              )
              
              
              (90
              )
              
              
              (284
              )
              
              
              (457
              )Total
                  loans charged-off
              
              
              (278
              )
              
              
              (953
              )
              
              
              (3,112
              )
              
              
              (3,274
              )Loans
                  transferred to held for sale (2)
              
              
              -
              
              
              
              -
              
              
              
              (1,300
              )
              
              
              -Recoveries
              
              
              31
              
              
              
              38
              
              
              
              196
              
              
              
              101Charge-offs
                  net of recoveries
              
              
              (247
              )
              
              
              (915
              )
              
              
              (4,216
              )
              
              
              (3,173
              )Balance
                  at end of period
              
              $
              1,797
              
              
              $
              5,465
              
              
              $
              1,797
              
              
              $
              5,465Non-performing
                  loans receivable
              
              $
              1,242
              
              
              $
              6,543
              
              
              $
              1,242
              
              
              $
              6,543Non-performing
                  loans to total loans receivable
              
              
              0.29
              %
              
              
              1.41
              %
              
              
              0.29
              %
              
              
              1.41
              %Allowance
                  for loan losses to non-performing loans
              
              
              144.69
              %
              
              
              83.52
              %
              
              
              144.69
              %
              
              
              83.52
              %Ratio
                  of allowance for loan losses to total loansheld
                  for investment at end of period
              
              
              0.42
              %
              
              
              1.18
              %
              
              
              0.42
              %
              
              
              1.18
              %Selected
                  operating data: (3)Return
                  on average assets
              
              
              0.42
              %
              
              
              0.50
              %
              
              
              0.50
              %
              
              
              0.57
              %Return
                  on average equity
              
              
              3.81
              %
              
              
              4.31
              %
              
              
              4.39
              %
              
              
              4.75
              %Net
                  interest rate spread
              
              
              2.42
              %
              
              
              2.88
              %
              
              
              2.46
              %
              
              
              2.89
              %Net
                  yield on average interest-earning assets (4)
              
              
              2.83
              %
              
              
              3.27
              %
              
              
              2.90
              %
              
              
              3.28
              %Efficiency
                  ratio (5)
              
              
              84.69
              %
              
              
              70.04
              %
              
              
              79.43
              %
              
              
              73.46
              %


(1)
              Data
                  for the twelve months ended June 30, 2007 includes a $1.3 million
                  loss on
                  transfer of $11.6 million of  non-performing and classified
                  loans to held for sale, and $1.0 million in other commercial business
                  and
                  consumer loans. These amounts are net of a $1.8 million reduction
                  in the
                  allowance for loan losses due to the significant decline in non-performing
                  and classified assets resulting from the aforementioned transfer
                  to loans
                  held for sale.
 
 (2)
              Data
                  for the twelve months ended June 30, 2007, consists of $2.0 million
                  relating to commercial real estate loans and, $0.1 million relating
                  to
                  single-family mortgage loans, offset by $0.8 million recovery in
                  commercial business loans.
 
 (3)
              Annualized
                  except for efficiency ratio.
 
 (4)
              Net
                  interest income, tax-effected, divided by average interest-earning
                  assets.
 
 (5)
              Noninterest
                  expense divided by net interest income plus noninterest income,
                  less gain
                  (loss) on sale of other real estate owned, investments and fixed
                  assets.




7




**FIRST
                  FEDERAL BANKSHARES, INC and SUBSIDIARIES****SELECTED
                  FINANCIAL DATA (unaudited)**WeightedJune
                  30,
              
              
              Average*(Dollars
                  in thousands, except per share amounts)*
              
              
              
              2007
              
              
              RateTime
                  deposits maturing withinThree
                  months
              
              
              
              $
              107,121
              
              
              
              4.87
              %Four
                  to six months
              
              
              
              
              66,816
              
              
              
              4.99
              %Seven
                  to twelve months
              
              
              
              
              71,883
              
              
              
              4.72
              %More
                  than twelve months
              
              
              
              
              43,343
              
              
              
              4.61
              %Total
                  time deposits
              
              
              
              $
              289,163
              
              
              
              4.82
              %FHLB
                  advances and all other borrowings maturing within.Three
                  months
              
              
              
              $
              14,702
              
              
              
              4.40
              %Four
                  to six months
              
              
              
              
              -
              
              
              
              -Seven
                  to twelve months
              
              
              
              
              19,000
              
              
              
              5.47
              %More
                  than twelve months
              
              
              
              
              28,500
              
              
              
              5.20
              %Total
                  FHLB advances and all other borrowings
              
              
              
              $
              62,202
              
              
              
              5.09
              %
 
 Three
                  months ended
              
              
              Twelve
                  months endedJune
                  30,
              
              
              June
                  30,2007
              
              
              2006
              
              
              2007
              
              
              2006Market
                  price per share:High
                  for the period
              
              $
              21.55
              
              
              $
              22.75
              
              
              $
              22.51
              
              
              $
              22.90Low
                  for the period
              
              $
              18.50
              
              
              $
              21.00
              
              
              $
              18.50
              
              
              $
              17.30Close
                  at end of period
              
              $
              19.44
              
              
              $
              21.70
              
              
              $
              19.44
              
              
              $
              21.70






8