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EXHIBIT 99.1
 FENTURA FINANCIAL, INC.
P.O. BOX 725
FENTON, MI 48430-0725
 Contact:
    
    Ronald L. JusticeSVP Corporate Governance& Investor RelationsFentura Financial, Inc.(810) 714-3902July 17, 2006
 For Immediate Release
 FENTURA FINANCIAL, INC. ANNOUNCES SECOND QUARTER EARNINGS




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Fentura Financial Inc.
Consolidated Balance Sheets
(Dollars in thousands)
UNAUDITED
 June 30
    
    Mar 31
    
    Dec 31
    
    Sep 30
    
    June 302006
    
    2006
    
    2005
    
    2005
    
    2005ASSETSCash and cash equivalentsCash and due from banks
    
    $
    19,346
    
    
    $
    19,156
    
    
    $
    21,327
    
    
    $
    22,885
    
    
    $
    21,799Short term investments
    
    
    6,900
    
    
    
    8,650
    
    
    
    9,750
    
    
    
    8,300
    
    
    
    550Total cash & cash equivalents
    
    
    26,246
    
    
    
    27,806
    
    
    
    31,077
    
    
    
    31,185
    
    
    
    22,349Securities:Securities available for sale
    
    
    92,646
    
    
    
    93,217
    
    
    
    99,542
    
    
    
    94,705
    
    
    
    99,910Securities held to maturity
    
    
    16,958
    
    
    
    15,395
    
    
    
    14,851
    
    
    
    13,663
    
    
    
    18,607Total securities
    
    
    109,604
    
    
    
    108,612
    
    
    
    114,393
    
    
    
    108,368
    
    
    
    118,517Loans held for sale
    
    
    679
    
    
    
    1,695
    
    
    
    1,042
    
    
    
    2,442
    
    
    
    3,722Loans:Commercial
    
    
    265,097
    
    
    
    260,054
    
    
    
    254,498
    
    
    
    241,190
    
    
    
    235,823Real estate  construction
    
    
    87,908
    
    
    
    86,449
    
    
    
    76,386
    
    
    
    81,156
    
    
    
    76,658Real estate  mortgage
    
    
    37,076
    
    
    
    36,347
    
    
    
    37,627
    
    
    
    39,529
    
    
    
    37,605Consumer
    
    
    66,896
    
    
    
    69,534
    
    
    
    70,845
    
    
    
    72,541
    
    
    
    72,726Total loans
    
    
    456,977
    
    
    
    452,384
    
    
    
    439,356
    
    
    
    434,416
    
    
    
    422,812Less: Allowance for loan losses
    
    
    (6,682
    )
    
    
    (6,518
    )
    
    
    (6,301
    )
    
    
    (6,294
    )
    
    
    (5,996
    )Net loans
    
    
    450,295
    
    
    
    445,866
    
    
    
    433,055
    
    
    
    428,122
    
    
    
    416,816Bank owned life insurance
    
    
    6,683
    
    
    
    6,642
    
    
    
    6,579
    
    
    
    6,417
    
    
    
    6,941Bank premises and equipment
    
    
    16,665
    
    
    
    15,350
    
    
    
    14,617
    
    
    
    14,245
    
    
    
    14,279Federal Home Loan Bank stock
    
    
    2,432
    
    
    
    2,300
    
    
    
    2,300
    
    
    
    2,300
    
    
    
    2,300Accrued interest receivable
    
    
    2,837
    
    
    
    2,830
    
    
    
    2,676
    
    
    
    2,550
    
    
    
    2,438Goodwill
    
    
    7,955
    
    
    
    7,955
    
    
    
    7,955
    
    
    
    7,955
    
    
    
    7,955Acquisition intangibles
    
    
    912
    
    
    
    988
    
    
    
    1,075
    
    
    
    1,162
    
    
    
    1,248Other assets
    
    
    4,857
    
    
    
    4,276
    
    
    
    4,320
    
    
    
    4,441
    
    
    
    4,706TOTAL ASSETS
    
    $
    629,165
    
    
    $
    624,320
    
    
    $
    619,089
    
    
    $
    609,187
    
    
    $
    601,271LIABILITIES & SHAREHOLDERS EQUITYLIABILITIESDeposits:Non-interest bearing deposits
    
    
    77,463
    
    
    
    77,652
    
    
    
    76,792
    
    
    
    81,532
    
    
    
    81,930Interest bearing deposits
    
    
    456,937
    
    
    
    456,313
    
    
    
    451,262
    
    
    
    435,404
    
    
    
    421,177Total deposits
    
    
    534,400
    
    
    
    533,965
    
    
    
    528,054
    
    
    
    516,936
    
    
    
    503,107Short-term borrowings
    
    
    6,565
    
    
    
    20
    
    
    
    1,537
    
    
    
    1,950
    
    
    
    8,384Federal Home Loan Bank Advances
    
    
    12,130
    
    
    
    14,189
    
    
    
    14,228
    
    
    
    16,267
    
    
    
    18,806Repurchase agreements
    
    
    10,000
    
    
    
    10,000
    
    
    
    10,000
    
    
    
    10,000
    
    
    
    10,000Subordinated debentures
    
    
    14,000
    
    
    
    14,000
    
    
    
    14,000
    
    
    
    14,000
    
    
    
    12,000Accrued interest, taxes & other liabilities
    
    
    4,025
    
    
    
    4,420
    
    
    
    4,375
    
    
    
    3,893
    
    
    
    4,298Total liabilities
    
    
    581,120
    
    
    
    576,594
    
    
    
    572,194
    
    
    
    563,046
    
    
    
    556,595STOCKHOLDERS EQUITYCommon stock  no par value
5,000,000 shares authorized
    
    
    41,811
    
    
    
    34,798
    
    
    
    34,491
    
    
    
    34,359
    
    
    
    33,467Retained earnings
    
    
    8,358
    
    
    
    14,431
    
    
    
    13,729
    
    
    
    12,882
    
    
    
    12,048Accumulated other comprehensive income (loss)
    
    
    (2,124
    )
    
    
    (1,503
    )
    
    
    (1,325
    )
    
    
    (1,100
    )
    
    
    (839
    )Total stockholders equity
    
    
    48,045
    
    
    
    47,726
    
    
    
    46,895
    
    
    
    46,141
    
    
    
    44,676TOTAL LIABILITIES & STOCKHOLDERS EQUITY
    
    $
    629,165
    
    
    $
    624,320
    
    
    $
    619,089
    
    
    $
    609,187
    
    
    $
    601,271* Common stock shares issued & outstanding
    
    
    2,142,496
    
    
    
    2,130,564
    
    
    
    2,124,427
    
    
    
    2,119,374
    
    
    
    2,088,220Asset Quality Ratios:Non-Performing Loans as a % of Total Loans
    
    
    0.44
    %
    
    
    0.46
    %
    
    
    0.67
    %
    
    
    0.46
    %
    
    
    0.43
    %Allowance for Loan Losses as a % of
Non-Performing Loans
    
    
    330.14
    %
    
    
    312.91
    %
    
    
    213.09
    %
    
    
    317.40
    %
    
    
    329.27
    %Accruing Loans Past Due 90 Days More to
Total Loans
    
    
    0.04
    %
    
    
    0.02
    %
    
    
    0.02
    %
    
    
    0.01
    %
    
    
    0.02
    %Non-Performing Assets as a % of Total Assets
    
    0.44
    %
    
    
    0.35
    %
    
    
    0.56
    %
    
    
    0.45
    %
    
    
    0.45
    %Quarterly Average Balances:Total Loans
    
    
    450,361
    
    
    
    446,889
    
    
    
    436,632
    
    
    
    429,357
    
    
    
    426,132Total Earning Assets
    
    
    573,687
    
    
    
    570,751
    
    
    
    559,834
    
    
    
    551,618
    
    
    
    548,971Total Shareholders Equity
    
    
    48,223
    
    
    
    47,937
    
    
    
    47,497
    
    
    
    45,294
    
    
    
    43,839Total Assets
    
    
    622,474
    
    
    
    619,398
    
    
    
    610,275
    
    
    
    603,683
    
    
    
    598,698Diluted Shares Outstanding
    
    
    2,135,056
    
    
    
    2,137,265
    
    
    
    2,128,215
    
    
    
    2,091,588
    
    
    
    2,093,868




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Fentura Financial Inc.
Consolidated Income Statements
(Dollars in thousands, except per share data)
UNAUDITED
 Three Months ended
    
    
    
    
    
    Six months endedJune 30
    
    Mar 31
    
    Dec 31
    
    June 30
    
    June 30
    
    June 302006
    
    2006
    
    2005
    
    2005
    
    2006
    
    2005Interest income:Interest & fees on loans
    
    $
    8,852
    
    
    $
    8,430
    
    
    $
    8,154
    
    
    $
    7,226
    
    
    $
    17,282
    
    
    $
    13,767Interest & dividends on securities:Taxable
    
    
    852
    
    
    
    883
    
    
    
    764
    
    
    
    811
    
    
    
    1,735
    
    
    
    1,663Tax-exempt
    
    
    196
    
    
    
    207
    
    
    
    112
    
    
    
    233
    
    
    
    403
    
    
    
    477Interest on federal funds sold
    
    
    79
    
    
    
    94
    
    
    
    110
    
    
    
    8
    
    
    
    173
    
    
    
    18Total interest income
    
    
    9,979
    
    
    
    9,614
    
    
    
    9,140
    
    
    
    8,278
    
    
    
    19,593
    
    
    
    15,925Interest expense:Deposits
    
    
    3,594
    
    
    
    3,241
    
    
    
    2,941
    
    
    
    2,111
    
    
    
    6,835
    
    
    
    3,911Borrowings
    
    
    540
    
    
    
    507
    
    
    
    473
    
    
    
    479
    
    
    
    1,047
    
    
    
    937Total interest expense
    
    
    4,134
    
    
    
    3,748
    
    
    
    3,414
    
    
    
    2,590
    
    
    
    7,882
    
    
    
    4,848Net interest income
    
    
    5,845
    
    
    
    5,866
    
    
    
    5,726
    
    
    
    5,688
    
    
    
    11,711
    
    
    
    11,077Provision for loan losses
    
    
    240
    
    
    
    400
    
    
    
    387
    
    
    
    329
    
    
    
    640
    
    
    
    598Net interest income after provision for
loan losses
    
    
    5,605
    
    
    
    5,466
    
    
    
    5,339
    
    
    
    5,359
    
    
    
    11,071
    
    
    
    10,479Non-interest income:Service charges on deposit accounts
    
    
    942
    
    
    
    831
    
    
    
    874
    
    
    
    879
    
    
    
    1,773
    
    
    
    1,664Gain on sale of mortgage loans
    
    
    157
    
    
    
    163
    
    
    
    212
    
    
    
    166
    
    
    
    320
    
    
    
    348Trust & investment services income
    
    
    417
    
    
    
    383
    
    
    
    372
    
    
    
    294
    
    
    
    800
    
    
    
    588Loss on sale of securities
    
    
    
    
    
    
    
    
    
    
    (41
    )
    
    
    1
    
    
    
    
    
    
    
    (110
    )Other income and fees
    
    
    346
    
    
    
    420
    
    
    
    227
    
    
    
    427
    
    
    
    766
    
    
    
    864Total non-interest income
    
    
    1,862
    
    
    
    1,797
    
    
    
    1,644
    
    
    
    1,767
    
    
    
    3,659
    
    
    
    3,354Non-interest expense:Salaries & employee benefits
    
    
    3,307
    
    
    
    3,334
    
    
    
    2,922
    
    
    
    3,003
    
    
    
    6,641
    
    
    
    5,967Occupancy
    
    
    511
    
    
    
    432
    
    
    
    349
    
    
    
    420
    
    
    
    943
    
    
    
    884Furniture and equipment
    
    
    551
    
    
    
    508
    
    
    
    504
    
    
    
    536
    
    
    
    1,059
    
    
    
    1,080Loan and collection
    
    
    84
    
    
    
    71
    
    
    
    133
    
    
    
    99
    
    
    
    155
    
    
    
    168Advertising and promotional
    
    
    201
    
    
    
    153
    
    
    
    118
    
    
    
    229
    
    
    
    354
    
    
    
    356Other operating expenses
    
    
    1,033
    
    
    
    1,071
    
    
    
    1,109
    
    
    
    1,011
    
    
    
    2,104
    
    
    
    1,937Total non-interest expense
    
    
    5,687
    
    
    
    5,569
    
    
    
    5,135
    
    
    
    5,298
    
    
    
    11,256
    
    
    
    10,392Income before federal income taxes
    
    
    1,780
    
    
    
    1,694
    
    
    
    1,848
    
    
    
    1,828
    
    
    
    3,474
    
    
    
    3,441Federal income taxes
    
    
    522
    
    
    
    487
    
    
    
    538
    
    
    
    535
    
    
    
    1,009
    
    
    
    995Net Income
    
    $
    1,258
    
    
    $
    1,207
    
    
    $
    1,310
    
    
    $
    1,293
    
    
    $
    2,465
    
    
    $
    2,446*Per Share Data:Basic earnings
    
    $
    0.59
    
    
    $
    0.56
    
    
    $
    0.62
    
    
    $
    0.62
    
    
    $
    1.15
    
    
    $
    1.17Diluted earnings
    
    $
    0.59
    
    
    $
    0.56
    
    
    $
    0.62
    
    
    $
    0.62
    
    
    $
    1.15
    
    
    $
    1.17Cash dividends declared
    
    $
    0.23
    
    
    $
    0.23
    
    
    $
    0.23
    
    
    $
    0.22
    
    
    $
    0.45
    
    
    $
    0.44Performance Ratios:Return on Average Assets
    
    
    0.81
    %
    
    
    0.79
    %
    
    
    0.85
    %
    
    
    0.87
    %
    
    
    0.79
    %
    
    
    0.84
    %Return on Average Equity
    
    
    10.46
    %
    
    
    10.21
    %
    
    
    10.94
    %
    
    
    11.83
    %
    
    
    10.26
    %
    
    
    11.30
    %Net Interest Margin (FTE)
    
    
    4.17
    %
    
    
    4.26
    %
    
    
    4.11
    %
    
    
    4.26
    %
    
    
    4.22
    %
    
    
    4.29
    %Book Value Per Share
    
    $
    22.42
    
    
    $
    22.40
    
    
    $
    22.07
    
    
    $
    21.39
    
    
    $
    22.42
    
    
    $
    21.39Net Charge-offs
    
    
    76
    
    
    
    183
    
    
    
    380
    
    
    
    113
    
    
    
    259
    
    
    
    103Ratio of Net charge-offs to Gross Loans
    
    
    0.02
    %
    
    
    0.04
    %
    
    
    0.09
    %
    
    
    0.02
    %
    
    
    0.06
    %
    
    
    0.02
    %