##### 



Exhibit 99.1
 
 CONTACT:
    Michal D. Cann
Rick A. Shields
360.679.312
    President & CEO
SVP & CFO
 
    CORPORATE INVESTOR RELATIONS
5333  15TH AVENUE SOUTH, SUITE 1500
SEATTLE, WA 98108
206.762.0993
www.stockvalues.com
    WASHINGTON BANKING COMPANY INCREASES NET INCOME 53% IN 2005;  NET INTEREST MARGIN EXPANSION AND IMPROVED CREDIT QUALITY CONTINUES
    FINANCIAL HIGHLIGHTS
  
    
    Profits increased 53% to a record $9.5 million.
 
    
    Net interest margin expanded in each of the last three quarters and was 5.36% for the year.
 
    
    Noninterest-bearing demand deposits increased by 35%.
 
    
    Nonperforming assets decreased to 0.30% of total assets at year-end.
 
    
    Return on average equity (ROE) improved to 17.87% from 13.37%.
 
    
    Return on average assets (ROA) improved to 1.37% from 0.98%.
 
    
    The efficiency ratio improved by more than 3 percent to 60.37%.




---



##### 



EARNINGS CONFERENCE CALL AND WEBCAST
  ABOUT WASHINGTON BANKING COMPANY
  This news release may contain forward-looking statements that are subject to risks and
uncertainties. These forward-looking statements describe managements expectations regarding
future events and developments such as future operating results, growth in loans and deposits,
maintenance of the net interest margin, credit quality and loan losses, the efficiency ratio and
continued success of the Companys business plan. Readers should not place undue reliance on
forward-looking statements, which reflect managements views only as of the date hereof. The words
should, anticipate, expect, will, believe, and words of similar meaning are intended, in
part, to help identify forward-looking statements. Future events are difficult to predict, and the
expectations described above are subject to risk and uncertainty that may cause actual results to
differ materially. In addition to discussions about risks and uncertainties set forth from time to
time in the Companys filings with the Securities and Exchange Commission, factors that may cause
actual results to differ materially from those contemplated in these forward-looking statements
include, among others: (1) local and national general and economic condition; (2) changes in
interest rates and their impact on net interest margin; (3) competition among financial
institutions; (4) legislation or regulatory requirements; and (5) success of the Companys
expansion efforts. Washington Banking Company does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the forward-looking
statements were made. Any such statements are made in reliance on the safe harbor protections
provided under the Securities Exchange Act of 1934, as amended.
 www.wibank.com




---



##### 



CONSOLIDATED BALANCE SHEETS (unaudited)
 Three
    
    
    
    
    
    
    One(in thousands except per share data)
    
    December 31,
    
    
    September 30,
    
    
    Month
    
    
    December 31,
    
    
    Year2005
    
    
    2005
    
    
    Change
    
    
    2004
    
    
    ChangeAssetsCash and Due from Banks
    
    $
    19,949
    
    
    $
    22,442
    
    
    
    -11
    %
    
    $
    16,814
    
    
    
    19
    %Interest-Bearing Deposits with Banks
    
    
    983
    
    
    
    945
    
    
    
    4
    %
    
    
    1,119
    
    
    
    -12
    %Fed Funds Sold
    
    
    21,095
    
    
    
    27,915
    
    
    
    -24
    %
    
    
    Total Cash and Cash Equivalents
    
    
    42,027
    
    
    
    51,302
    
    
    
    -18
    %
    
    
    17,933
    
    
    
    134
    %Investment Securities Available for Sale
    
    
    19,077
    
    
    
    18,887
    
    
    
    1
    %
    
    
    19,304
    
    
    
    -1
    %FHLB Stock
    
    
    1,984
    
    
    
    1,984
    
    
    
    0
    %
    
    
    1,976
    
    
    
    0
    %Loans Held for Sale
    
    
    2,829
    
    
    
    5,085
    
    
    
    -44
    %
    
    
    8,311
    
    
    
    -66
    %Loans Receivable
    
    
    630,258
    
    
    
    614,280
    
    
    
    3
    %
    
    
    579,980
    
    
    
    9
    %Less: Allowance for Loan Losses
    
    
    (8,810
    )
    
    
    (8,593
    )
    
    
    3
    %
    
    
    (7,903
    )
    
    
    11
    %Loans, Net
    
    
    621,448
    
    
    
    605,687
    
    
    
    3
    %
    
    
    572,077
    
    
    
    9
    %Premises and Equipment, Net
    
    
    20,514
    
    
    
    20,641
    
    
    
    -1
    %
    
    
    20,375
    
    
    
    1
    %Bank Owned Life Insurance
    
    
    10,558
    
    
    
    10,472
    
    
    
    1
    %
    
    
    10,217
    
    
    
    3
    %Other Real Estate Owned
    
    
    
    
    
    
    622
    
    
    
    -100
    %
    
    
    1,222
    
    
    
    -100
    %Other Assets
    
    
    7,539
    
    
    
    7,456
    
    
    
    1
    %
    
    
    6,309
    
    
    
    19
    %Total Assets
    
    $
    725,976
    
    
    $
    722,136
    
    
    
    1
    %
    
    $
    657,724
    
    
    
    10
    %Liabilities and Shareholders EquityDeposits:Noninterest-Bearing Demand
    
    $
    105,365
    
    
    $
    105,960
    
    
    
    -1
    %
    
    $
    77,820
    
    
    
    35
    %NOW Accounts
    
    
    143,042
    
    
    
    148,751
    
    
    
    -4
    %
    
    
    127,385
    
    
    
    12
    %Money Market
    
    
    84,537
    
    
    
    95,599
    
    
    
    -12
    %
    
    
    91,872
    
    
    
    -8
    %Savings
    
    
    59,635
    
    
    
    57,838
    
    
    
    3
    %
    
    
    55,742
    
    
    
    7
    %Time Deposits
    
    
    244,910
    
    
    
    229,177
    
    
    
    7
    %
    
    
    210,182
    
    
    
    17
    %Total Deposits
    
    
    637,489
    
    
    
    637,325
    
    
    
    0
    %
    
    
    563,001
    
    
    
    13
    %FHLB Overnight Borrowings
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    22,000
    
    
    
    -100
    %Other Borrowed Funds
    
    
    10,000
    
    
    
    10,000
    
    
    
    0
    %
    
    
    5,000
    
    
    
    100
    %Junior Subordinated Debentures
    
    
    15,007
    
    
    
    15,007
    
    
    
    0
    %
    
    
    15,007
    
    
    
    0
    %Other Liabilities
    
    
    5,631
    
    
    
    4,072
    
    
    
    38
    %
    
    
    3,125
    
    
    
    80
    %Total Liabilities
    
    
    668,127
    
    
    
    666,404
    
    
    
    0
    %
    
    
    608,133
    
    
    
    10
    %Shareholders Equity:Preferred StockAuthorized 20,000 Shares:None Outstanding
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Common Stock (no par value)Authorized 11,822,706 Shares:Issued and Outstanding 7,382,210 at 12/31/05,
7,332,940 at 9/30/2005, 7,239,052 at 12/31/04 (1)
    
    
    32,219
    
    
    
    32,093
    
    
    
    0
    %
    
    
    31,356
    
    
    
    3
    %Capital surplus
    
    
    273
    
    
    
    246
    
    
    
    11
    %
    
    
    160
    
    
    
    71
    %Retained Earnings
    
    
    25,789
    
    
    
    23,796
    
    
    
    8
    %
    
    
    17,928
    
    
    
    44
    %Unearned Compensation
    
    
    (386
    )
    
    
    (416
    )
    
    
    -7
    %
    
    
    Other Comprehensive Income
    
    
    (46
    )
    
    
    13
    
    
    
    -454
    %
    
    
    147
    
    
    
    -131
    %Total Shareholders Equity
    
    
    57,849
    
    
    
    55,732
    
    
    
    4
    %
    
    
    49,591
    
    
    
    17
    %Total Liabilities and Shareholders Equity
    
    $
    725,976
    
    
    $
    722,136
    
    
    
    1
    %
    
    $
    657,724
    
    
    
    10
    %
 (1)




---



##### 



CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
 Quarter Ended
    
    
    Quarter Ended
    
    
    Quarter Ended
    
    
    Fourth($ in thousands, except per share data)
    
    December 31,
    
    
    September 30,
    
    
    December 31,
    
    
    Quarter2005
    
    
    2005
    
    
    2004
    
    
    ChangeInterest IncomeLoans
    
    $
    12,192
    
    
    $
    11,386
    
    
    $
    9,934
    
    
    
    23
    %Taxable Investment Securities
    
    
    98
    
    
    
    91
    
    
    
    81
    
    
    
    21
    %Tax Exempt Securities
    
    
    73
    
    
    
    78
    
    
    
    88
    
    
    
    -17
    %Other
    
    
    209
    
    
    
    233
    
    
    
    54
    
    
    
    287
    %Total Interest Income
    
    
    12,572
    
    
    
    11,788
    
    
    
    10,157
    
    
    
    24
    %Interest ExpenseDeposits
    
    
    2,891
    
    
    
    2,600
    
    
    
    2,021
    
    
    
    43
    %Other Borrowings
    
    
    95
    
    
    
    97
    
    
    
    91
    
    
    
    4
    %Junior Subordinated Debentures
    
    
    296
    
    
    
    278
    
    
    
    217
    
    
    
    36
    %Total Interest Expense
    
    
    3,282
    
    
    
    2,975
    
    
    
    2,329
    
    
    
    41
    %Net Interest Income
    
    
    9,290
    
    
    
    8,813
    
    
    
    7,828
    
    
    
    19
    %Provision for Loan Losses
    
    
    750
    
    
    
    550
    
    
    
    1,175
    
    
    
    -36
    %Net Interest Income after Provision for Loan Losses
    
    
    8,540
    
    
    
    8,263
    
    
    
    6,653
    
    
    
    28
    %Noninterest IncomeService Charges and Fees
    
    
    844
    
    
    
    836
    
    
    
    729
    
    
    
    16
    %(Loss) Gain on Sale of Securities
    
    
    
    
    
    
    
    
    
    
    Income from the Sale of Loans
    
    
    109
    
    
    
    280
    
    
    
    171
    
    
    
    -36
    %Other Income
    
    
    812
    
    
    
    875
    
    
    
    1,002
    
    
    
    -19
    %Total Noninterest Income
    
    
    1,765
    
    
    
    1,991
    
    
    
    1,902
    
    
    
    -7
    %Noninterest ExpenseCompensation and Employee Benefits
    
    
    4,067
    
    
    
    3,786
    
    
    
    3,420
    
    
    
    19
    %Occupancy and Equipment
    
    
    846
    
    
    
    881
    
    
    
    830
    
    
    
    2
    %Office Supplies and Printing
    
    
    156
    
    
    
    147
    
    
    
    167
    
    
    
    -7
    %Data Processing
    
    
    99
    
    
    
    138
    
    
    
    117
    
    
    
    -15
    %Consulting and Professional Fees
    
    
    220
    
    
    
    152
    
    
    
    210
    
    
    
    5
    %Other
    
    
    1,355
    
    
    
    1,232
    
    
    
    1,123
    
    
    
    21
    %Total Noninterest Expense
    
    
    6,743
    
    
    
    6,336
    
    
    
    5,867
    
    
    
    15
    %Income Before Income Taxes
    
    
    3,562
    
    
    
    3,918
    
    
    
    2,688
    
    
    
    33
    %Provision for Income Taxes
    
    
    1,165
    
    
    
    1,239
    
    
    
    708
    
    
    
    65
    %Income from Continuing Operations
    
    
    2,397
    
    
    
    2,679
    
    
    
    1,980
    
    
    
    21
    %Loss from Discontinued Operations, Net of Tax
    
    
    
    
    
    
    
    
    
    
    Net Income
    
    $
    2,397
    
    
    $
    2,679
    
    
    $
    1,980
    
    
    
    21
    %Earnings per Common Share (1)BasicContinuing Operations
    
    $
    0.33
    
    
    $
    0.37
    
    
    $
    0.28
    
    
    
    18
    %Discontinued Operations
    
    
    
    
    
    
    
    
    
    
    Net Income
    
    $
    0.33
    
    
    $
    0.37
    
    
    $
    0.28
    
    
    
    18
    %DilutedContinuing Operations
    
    $
    0.32
    
    
    $
    0.35
    
    
    $
    0.26
    
    
    
    23
    %Discontinued Operations
    
    
    
    
    
    
    
    
    
    
    Net Income
    
    $
    0.32
    
    
    $
    0.35
    
    
    $
    0.26
    
    
    
    23
    %Average Number of Common Shares Outstanding (1)
    
    
    7,306,827
    
    
    
    7,291,568
    
    
    
    7,224,712Fully Diluted Average Common and Common Equivalent Shares Outstanding (1)
    
    
    7,564,644
    
    
    
    7,561,943
    
    
    
    7,486,935
 (1)




---



##### 



CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
 Year Ended
    
    
    Full($ in thousands, except per share data)
    
    December 31,
    
    
    Year2005
    
    
    2004
    
    
    ChangeInterest IncomeLoans
    
    $
    44,615
    
    
    $
    37,428
    
    
    
    19
    %Taxable Investment Securities
    
    
    357
    
    
    
    345
    
    
    
    3
    %Tax Exempt Securities
    
    
    310
    
    
    
    482
    
    
    
    -36
    %Other
    
    
    508
    
    
    
    209
    
    
    
    143
    %Total Interest Income
    
    
    45,790
    
    
    
    38,464
    
    
    
    19
    %Interest ExpenseDeposits
    
    
    9,957
    
    
    
    7,624
    
    
    
    31
    %Other Borrowings
    
    
    538
    
    
    
    431
    
    
    
    25
    %Junior Subordinated Debentures
    
    
    1,071
    
    
    
    782
    
    
    
    37
    %Total Interest Expense
    
    
    11,566
    
    
    
    8,837
    
    
    
    31
    %Net Interest Income
    
    
    34,224
    
    
    
    29,627
    
    
    
    16
    %Provision for Loan Losses
    
    
    2,250
    
    
    
    3,500
    
    
    
    -36
    %Net Interest Income after Provision for Loan Losses
    
    
    31,974
    
    
    
    26,127
    
    
    
    22
    %Noninterest IncomeService Charges and Fees
    
    
    3,150
    
    
    
    2,986
    
    
    
    5
    %(Loss) Gain on Sale of Securities
    
    
    (50
    )
    
    
    144
    
    
    
    -135
    %Income from the Sale of Loans
    
    
    773
    
    
    
    1,183
    
    
    
    -35
    %Other Income
    
    
    3,426
    
    
    
    2,358
    
    
    
    45
    %Total Noninterest Income
    
    
    7,299
    
    
    
    6,671
    
    
    
    9
    %Noninterest ExpenseCompensation and Employee Benefits
    
    
    15,086
    
    
    
    13,744
    
    
    
    10
    %Occupancy and Equipment
    
    
    3,379
    
    
    
    3,290
    
    
    
    3
    %Office Supplies and Printing
    
    
    659
    
    
    
    644
    
    
    
    2
    %Data Processing
    
    
    493
    
    
    
    490
    
    
    
    1
    %Consulting and Professional Fees
    
    
    617
    
    
    
    793
    
    
    
    -22
    %Other
    
    
    4,991
    
    
    
    4,306
    
    
    
    16
    %Total Noninterest Expense
    
    
    25,225
    
    
    
    23,267
    
    
    
    8
    %Income Before Income Taxes
    
    
    14,048
    
    
    
    9,531
    
    
    
    47
    %Provision for Income Taxes
    
    
    4,580
    
    
    
    2,985
    
    
    
    53
    %Income from Continuing Operations
    
    
    9,468
    
    
    
    6,546
    
    
    
    45
    %Loss from Discontinued Operations, Net of Tax
    
    
    
    
    
    
    (370
    )
    
    
    -100
    %Net Income
    
    $
    9,468
    
    
    $
    6,176
    
    
    
    53
    %Earnings per Common Share (1)BasicContinuing Operations
    
    $
    1.30
    
    
    $
    0.91
    
    
    
    43
    %Discontinued Operations
    
    
    
    
    
    
    (0.05
    )
    
    
    -100
    %Net Income
    
    $
    1.30
    
    
    $
    0.86
    
    
    
    51
    %DilutedContinuing Operations
    
    $
    1.26
    
    
    $
    0.88
    
    
    
    43
    %Discontinued Operations
    
    
    
    
    
    
    (0.05
    )
    
    
    -100
    %Net Income
    
    $
    1.26
    
    
    $
    0.83
    
    
    
    52
    %Average Number of Common Shares Outstanding (1)
    
    
    7,278,486
    
    
    
    7,209,349Fully Diluted Average Common and Common Equivalent Shares Outstanding (1)
    
    
    7,542,174
    
    
    
    7,460,596
 (1)




---



##### 



FINANCIAL STATISTICS (unaudited)
 Quarter Ended
    
    
    Quarter Ended
    
    
    Quarter Ended
    
    
    Year Ended($ in thousands, except per share data)
    
    December 31,
    
    
    September 30,
    
    
    December 31,
    
    
    December 31,2005
    
    
    2005
    
    
    2004
    
    
    2005
    
    
    2004Revenues(1) (3)
    
    $
    11,120
    
    
    $
    10,868
    
    
    $
    9,791
    
    
    $
    41,782
    
    
    $
    36,614AveragesTotal Assets
    
    $
    710,596
    
    
    $
    715,350
    
    
    $
    652,965
    
    
    $
    693,060
    
    
    $
    627,354Loans and Loans Held for Sale
    
    $
    622,434
    
    
    $
    618,042
    
    
    $
    570,442
    
    
    $
    608,998
    
    
    $
    547,462Interest Earning Assets
    
    $
    663,183
    
    
    $
    664,856
    
    
    $
    601,881
    
    
    $
    643,228
    
    
    $
    581,535Deposits
    
    $
    624,154
    
    
    $
    631,080
    
    
    $
    576,184
    
    
    $
    605,232
    
    
    $
    550,926Shareholders Equity
    
    $
    56,246
    
    
    $
    54,057
    
    
    $
    48,222
    
    
    $
    52,985
    
    
    $
    46,203Financial RatiosReturn on Average Assets, Annualized
    
    
    1.34
    %
    
    
    1.49
    %
    
    
    1.21
    %
    
    
    1.37
    %
    
    
    0.98
    %Return on Average Equity, Annualized
    
    
    16.91
    %
    
    
    19.66
    %
    
    
    16.33
    %
    
    
    17.87
    %
    
    
    13.37
    %Average Equity to Average Assets
    
    
    7.92
    %
    
    
    7.56
    %
    
    
    7.39
    %
    
    
    7.65
    %
    
    
    7.36
    %Efficiency Ratio (2) (3)
    
    
    60.64
    %
    
    
    58.30
    %
    
    
    59.92
    %
    
    
    60.37
    %
    
    
    63.55
    %Yield on Earning Assets(3)
    
    
    7.56
    %
    
    
    7.07
    %
    
    
    6.75
    %
    
    
    7.16
    %
    
    
    6.67
    %Cost of Interest Bearing Liabilities
    
    
    2.39
    %
    
    
    2.14
    %
    
    
    1.80
    %
    
    
    2.14
    %
    
    
    1.78
    %Net Interest Spread
    
    
    5.17
    %
    
    
    4.93
    %
    
    
    4.95
    %
    
    
    5.02
    %
    
    
    4.89
    %Net Interest Margin(3)
    
    
    5.60
    %
    
    
    5.30
    %
    
    
    5.21
    %
    
    
    5.36
    %
    
    
    5.15
    %
 December 31,
    
    
    September 30,
    
    
    December 31,2005
    
    
    2005
    
    
    2004Period EndBook Value Per Share (4)
    
    $
    7.84
    
    
    $
    7.60
    
    
    $
    6.85
 (1) Revenues is the fully tax-equivalent net interest income before provision for loan losses plus noninterest income.
 (2) Efficiency ratio is noninterest expense divided by the sum of fully tax-equivalent net interest income and noninterest income.
 (3) Fully tax-equivalent is a non-GAAP performance measurement that management believes provides investors with a more accurate picture of the
net interest margin, revenues and efficiency ratio for comparative purposes. The calculation involves grossing up interest income on tax-exempt
loans and investments by an amount that makes it comparable to taxable income.
 (4) Prior periods adjusted for the 4-for-3 stock split distributed on May 17, 2005.




---



##### 



ASSET QUALITY (unaudited)
 Quarter Ended
    
    
    Quarter Ended
    
    
    Quarter Ended
    
    
    Year Ended
    
    
    Year Ended($ in thousands, except per share data)
    
    December 31,
    

September 30,
    
    
    December 31,
    
    
    December 31,
    
    
    December 31,2005
    
    
    2005
    
    
    2004
    
    
    2005
    
    
    2004Allowance for Loan Losses Activity:Balance at Beginning of Period
    
    $
    8,593
    
    
    $
    8,554
    
    
    $
    7,506
    
    
    $
    7,903
    
    
    $
    6,116Indirect Loans:Charge-offs
    
    
    (389
    )
    
    
    (329
    )
    
    
    (309
    )
    
    
    (1,153
    )
    
    
    (1,204
    )Recoveries
    
    
    68
    
    
    
    46
    
    
    
    58
    
    
    
    316
    
    
    
    278Indirect Net Charge-offs
    
    
    (321
    )
    
    
    (283
    )
    
    
    (251
    )
    
    
    (837
    )
    
    
    (926
    )Other Loans:Charge-offs
    
    
    (406
    )
    
    
    (304
    )
    
    
    (565
    )
    
    
    (1,063
    )
    
    
    (1,137
    )Recoveries
    
    
    194
    
    
    
    76
    
    
    
    38
    
    
    
    557
    
    
    
    350Other Net charge-offs
    
    
    (212
    )
    
    
    (228
    )
    
    
    (527
    )
    
    
    (506
    )
    
    
    (787
    )Total Net Charge-offs
    
    
    (533
    )
    
    
    (511
    )
    
    
    (778
    )
    
    
    (1,343
    )
    
    
    (1,713
    )Provision for loan losses
    
    
    750
    
    
    
    550
    
    
    
    1,175
    
    
    
    2,250
    
    
    
    3,500Balance at End of Period
    
    $
    8,810
    
    
    $
    8,593
    
    
    $
    7,903
    
    
    $
    8,810
    
    
    $
    7,903Net Charge-offs to Average Loans:Indirect Loans Net Charge-Offs, to Avg
Indirect Loans, Annualized(1)
    
    
    1.40
    %
    
    
    1.20
    %
    
    
    1.03
    %
    
    
    0.88
    %
    
    
    0.90
    %Other Loans Net Charge-Offs, to Avg Other
Loans, Annualized (1)
    
    
    0.16
    %
    
    
    0.18
    %
    
    
    0.45
    %
    
    
    0.10
    %
    
    
    0.18
    %Net Charge-offs to Average Total
Loans (1)
    
    
    0.34
    %
    
    
    0.33
    %
    
    
    0.55
    %
    
    
    0.22
    %
    
    
    0.32
    %
 December 31,
    
    
    September 30,
    
    
    December 31,Nonperforming Assets
    
    2005
    
    
    2005
    
    
    2004Nonperforming Loans (2)
    
    $
    2,159
    
    
    $
    2,692
    
    
    $
    2,812Other Real Estate Owned
    
    
    
    
    
    
    622
    
    
    
    1,222Total Nonperforming Assets
    
    $
    2,159
    
    
    $
    3,314
    
    
    $
    4,034Nonperforming Loans to Loans (1)
    
    
    0.34
    %
    
    
    0.44
    %
    
    
    0.48
    %Nonperforming Assets to Assets
    
    
    0.30
    %
    
    
    0.46
    %
    
    
    0.61
    %Allowance for Loan Losses to
Nonperforming Loans
    
    
    408.06
    %
    
    
    319.21
    %
    
    
    281.05
    %Allowance for Loan Losses to
Nonperforming Assets
    
    
    408.06
    %
    
    
    259.29
    %
    
    
    195.91
    %Allowance for Loan Losses to
Loans (1)
    
    
    1.40
    %
    
    
    1.40
    %
    
    
    1.36
    %Loan CompositionCommercial
    
    $
    79,341
    
    
    $
    81,646
    
    
    $
    80,927Real Estate Mortgages
    
    
    
    
    
    
    
    
    
    
    2One-to-Four Family
Residential (1)
    
    
    45,278
    
    
    
    43,571
    
    
    
    46,242Commercial
    
    
    218,260
    
    
    
    210,549
    
    
    
    173,280Real Estate Construction
    
    
    113,661
    
    
    
    105,374
    
    
    
    105,940ConsumerIndirect (1)
    
    
    91,251
    
    
    
    92,469
    
    
    
    97,856Direct
    
    
    82,425
    
    
    
    80,706
    
    
    
    75,360Deferred Fees
    
    
    42
    
    
    
    (35
    )
    
    
    375Total Loans
    
    $
    630,258
    
    
    $
    614,280
    
    
    $
    579,980
 (1) Excludes Loans Held for Sale.
 (2)Nonperforming loans includes nonaccrual loans plus accruing loans
90 or more days past due.