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|                                                                                                           | At      or For The Year Ended June 30, |
|----------------------------------------------------------------------------------------------------------------|----------------------------------------|
|                                                                                                           | 2010                                   | 2009 | 2008 | 2007 | 2006 |
| (In      Thousands, Except Per Share Information )                                                             |                                   |   |   |   |
|                                                                                                           |                                   |   |   |   |   |   |   |   |   |   |
| FINANCIAL      CONDITION DATA:                                                                                 |                                   |   |   |   |   |   |   |   |   |   |
| Total      assets                                                                                              |  $      1,399,401                 |   |  $      1,579,613 |   |  $      1,632,447 |   |  $      1,648,923 |   |  $      1,624,452 |   |
| Loans      held for investment, net                                                                            |  1,006,260                        |   |  1,165,529 |   |  1,368,137 |   |  1,350,696 |   |  1,264,979 |   |
| Loans      held for sale, at fair value                                                                        | 170,255                                |   | 135,490 |   |  - |   |  - |   |  - |   |
| Loans      held for sale, at lower of cost or  market                                                |  -                                |   |  10,555 |   |  28,461 |   |  1,337 |   |  4,713 |   |
| Receivable      from sale of loans                                                                             |   -                          |   |   - |   |  - |   |  60,513 |   |  99,930 |   |
| Cash      and cash equivalents                                                                                 | 96,201                                 |   |  56,903 |   |  15,114 |   |  12,824 |   | 16,358 |   |
| Investment      securities                                                                                     |  35,003                           |   |  125,279 |   |  153,102 |   |  150,843 |   | 177,189 |   |
| Deposits                                                                                                       |  932,933                          |   |  989,245 |   |  1,012,410 |   |  1,001,397 |   |  921,279 |   |
| Borrowings                                                                                                     |  309,647                          |   |  456,692 |   |  479,335 |   |  502,774 |   |  546,211 |   |
| Stockholders’      equity                                                                                |  127,744                          |   |  114,910 |   |  123,980 |   |  128,797 |   |  136,148 |   |
| Book      value per share                                                                                      | 11.20                                  |   | 18.48 |   | 19.97 |   | 20.20 |   | 19.47 |   |
|                                                                                                           |                                   |   |   |   |   |   |   |   |   |   |
| OPERATING      DATA:                                                                                           |                                   |   |   |   |   |   |   |   |   |   |
| Interest      income                                                                                           |  $      70,163                    |   |  $      85,924 |   |  $      95,749 |   |  $      100,968 |   |  $      86,627 |   |
| Interest      expense                                                                                          | 30,585                                 |   | 42,156 |   |  54,313 |   | 59,245 |   | 42,635 |   |
| Net      interest income                                                                                       |  39,578                           |   |  43,768 |   |  41,436 |   |  41,723 |   | 43,992 |   |
| Provision      for loan losses                                                                                 | 21,843                                 |   | 48,672 |   | 13,108 |   | 5,078 |   | 1,134 |   |
| Net      interest income (expense) after  provision                                                  |  17,735                           |   |  (4,904 |  ) |  28,328 |   |  36,645 |   |  42,858 |   |
| Loan      servicing and other fees                                                                             |  797                              |   |  869 |   |  1,776 |   |  2,132 |   | 2,572 |   |
| Gain      on sale of loans, net                                                                                |  14,338                           |   |  16,971 |   | 1,004 |   |  9,318 |   | 13,481 |   |
| Deposit      account fees                                                                                      | 2,823                                  |   | 2,899 |   | 2,954 |   | 2,087 |   | 2,093 |   |
| Net      gain on sale of investment securities                                                                 | 2,290                                  |   | 356 |   | - |   | - |   | - |   |
| Net      gain on sale of real estate held for          investment                               |  -                                |   |  - |   |  - |   |  2,313 |   |  6,335 |   |
| Gain      (loss) on sale and operations ofreal      estate owned acquired in the settlement      of loans, net |   16                         |   |   (2,469 |   ) |   (2,683 |   ) |   (117 |   ) |   20 |   |
| Other      non-interest income                                                                                 |  1,995                            |   |  1,583 |   |  2,160 |   |  1,828 |   | 1,708 |   |
| Operating      expenses                                                                                        |  38,139                           |   |  29,980 |   |  30,311 |   | 34,631 |   | 33,755 |   |
| Income      (loss) before income taxes                                                                         |  1,855                            |   |  (14,675 | ) | 3,228 |   |  19,575 |   | 35,312 |   |
| Provision      (benefit) for income taxes                                                                      | 740                                    |   | (7,236 | ) |  2,368 |   | 9,124 |   |  15,676 |   |
| Net      income (loss)                                                                                         |  $   1,115         |   |  $  (7,439 | ) |  $      860 |   |  $  10,451 |   |  $      19,636 |   |
| Basic      earnings (loss) per share                                                                           | $      0.13                            |   | $      (1.20 | ) | $      0.14 |   | $      1.59 |   | $      2.93 |   |
| Diluted      earnings (loss) per share                                                                         |  $      0.13                      |   |  $      (1.20 | ) |  $      0.14 |   |  $      1.57 |   |  $      2.82 |   |
| Cash      dividend per share                                                                                   |  $      0.04                      |   |  $  0.16 |   |  $      0.64 |   |  $      0.69 |   |  $      0.58 |   |

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|                           | At      or For The Year Ended June 30,                                                      |
|--------------------------------|---------------------------------------------------------------------------------------------|
| 2010                           |                                                                                        | 2009 |   | 2008 |   | 2007 |   | 2006 |   |
|                           |                                                                                        |   |   |   |   |   |   |   |   |   |   |
| KEY      OPERATING RATIOS:     |                                                                                        |   |   |   |   |   |   |   |   |   |
|                           |                                                                                        |   |   |   |   |   |   |   |   |   |   |
| Performance      Ratios        |                                                                                        |   |   |   |   |   |   |   |   |   |
|                           | Return      (loss) on average assets                                                        |  0.08 | % |  (0.47 | )% |  0.05 | % |  0.61 | % | 1.24 | % |
|                           | Return      (loss) on average stockholders’ equity                                    | 0.94 |   | (6.20 | ) |  0.68 |   |  7.77 |   | 15.02 |   |
|                           | Interest      rate spread                                                                   | 2.71 |   | 2.68 |   |  2.36 |   |  2.23 |   | 2.64 |   |
|                           | Net      interest margin                                                                    | 2.83 |   | 2.86 |   |  2.61 |   |  2.51 |   | 2.86 |   |
|                           | Average      interest-earning assets to                                                     |   |   |   |   |   |   |   |   |   |   |
|                           |  average      interest-bearing liabilities                                             | 105.68 |   | 106.62 |   | 107.35 |   |  107.72 |   | 107.99 |   |
|                           | Operating      and administrative expenses                                                  |   |   |   |   |   |   |   |   |   |   |
|                           |  as      a percentage of average total assets                                          | 2.61 |   | 1.90 |   |  1.87 |   |  2.03 |   | 2.13 |   |
|                           | Efficiency      ratio (1)                                                                   | 61.68 |   | 46.86 |   | 64.98 |   | 58.42 |   | 48.08 |   |
|                           | Stockholders’      equity to total assets ratio                                       | 9.13 |   | 7.27 |   | 7.59 |   |  7.81 |   | 8.38 |   |
|                           | Dividend      payout ratio                                                                  | 30.77 |   | NM |   | 457.14 |   | 43.95 |   | 20.57 |   |
|                           |                                                                                        |   |   |   |   |   |   |   |   |   |   |
| Regulatory      Capital Ratios |                                                                                        |   |   |   |   |   |   |   |   |   |
|                           | Tangible      capital                                                                       | 8.82 | % | 6.88 | % | 7.19 | % | 7.62 | % | 8.08 | % |
|                           | Core      capital                                                                           | 8.82 |   | 6.88 |   | 7.19 |   | 7.62 |   | 8.08 |   |
|                           | Total      risk-based capital                                                               |  13.17 |   |  13.05 |   | 12.25 |   | 12.49 |   | 13.37 |   |
|                           | Tier      1 risk-based capital                                                              | 11.91 |   | 11.78 |   | 10.99 |   | 11.39 |   | 12.36 |   |
|                           |                                                                                        |   |   |   |   |   |   |   |   |   |   |
| Asset      Quality Ratios      |                                                                                        |   |   |   |   |   |   |   |   |   |
|                           | Non-performing      loans as a percentage of      loans held for investment, net       | 5.84 | % | 6.16 | % |  1.70 | % | 1.18 | % | 0.20 | % |
|                           | Non-performing      assets as a percentage of      total assets                        | 5.25 |   | 5.59 |   | 1.99 |   | 1.20 |   | 0.16 |   |
|                           | Allowance      for loan losses as a percentage of      gross loans held for investment | 4.14 |   | 3.75 |   | 1.43 |   | 1.09 |   | 0.81 |   |
|                           | Allowance      for loan losses as a percentage of      non-performing loans            | 74.00 |   | 63.28 |   | 85.79 |   | 93.32 |   | 407.71 |   |
|                           | Net      charge-offs to average loans receivable, net                                       | 1.96 |   | 1.72 |   | 0.58 |   | 0.04 |   |  - |   |
|                           |                                                                                        |   |   |   |   |   |   |   |   |   |   |

| (1)   | Non-interest      expense as a percentage of net interest income, before provision for loan      losses, and non-interest income. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------|

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| Board      of Directors                         |   | Senior      Officers                    |
|-------------------------------------------------|--------|-----------------------------------------|
|                                            |   |                                    |
| Joseph      P. Barr, CPA                        |   | Provident      Financial Holdings, Inc. |
| Principal                                       |   |                                    |
| Swenson      Accountancy Corporation            |   | Craig      G. Blunden                   |
|                                            |   | Chairman,      President and CEO        |
| Bruce      W. Bennett                           |   |                                    |
| President                                       |   | Donavon      P. Ternes                  |
| Community      Care & Rehabilitation Center |   | Chief      Operating Officer            |
|                                            |   | Chief      Financial Officer            |
| Craig      G. Blunden                           |   | Corporate      Secretary                |
| Chairman,      President and CEO                |   |                                    |
| Provident      Bank                             |   | Provident      Bank                     |
|                                            |   |                                    |
| Debbi      H. Guthrie                           |   | Craig      G. Blunden                   |
| Private      Investor                           |   | Chairman,      President and CEO        |
|                                            |   |                                    |
| Robert      G. Schrader                         |   | Richard      L. Gale                    |
| Retired      Executive Vice President and COO   |   | Senior      Vice President              |
| Provident      Bank                             |   | Provident      Bank Mortgage            |
|                                            |   |                                    |
| Roy      H. Taylor                              |   | Kathryn      R. Gonzales                |
| Chief      Executive Officer                    |   | Senior      Vice President              |
| Hub      International of California            |   | Retail      Banking                     |
| Insurance      Services, Inc.                   |   |                                    |
|                                            |   | Lilian      Salter                      |
| William      E. Thomas                          |   | Senior      Vice President              |
| Principal                                       |   | Chief      Information Officer          |
| William      E. Thomas, Inc.,                   |   |                                    |
| A      Professional Law Corporation             |   | Donavon      P. Ternes                  |
|                                            |   | Executive      Vice President           |
|                                            |   | Chief      Operating Officer            |
|                                            |   | Chief      Financial Officer            |
|                                            |   | Corporate      Secretary                |
|                                            |   |                                    |
|                                            |   | David      S. Weiant                    |
|                                            |   | Senior      Vice President              |
|                                            |   | Chief      Lending Officer              |

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|                                                       |   |                                        |
|-----------------------------------------------------------------|--------|---------------------------------------------|
|                                                            |   |                                        |
| RETAIL      BANKING CENTERS                                     |   | WHOLESALE      OFFICES                      |
|                                                            |   |                                        |
| Blythe                                                          |   | Pleasanton                                  |
| 350      E. Hobson Way                                          |   | 5934      Gibraltar Drive, Suite 102        |
| Blythe,      CA 92225                                           |   | Pleasanton,      CA 94588                   |
|                                                            |   |                                        |
| Canyon      Crest                                               |   | Rancho      Cucamonga                       |
| 5225      Canyon Crest Drive, Suite 86                          |   | 10370      Commerce Center Drive, Suite 200 |
| Riverside,      CA 92507                                        |   | Rancho      Cucamonga, CA 91730             |
|                                                            |   |                                        |
| Corona                                                          |   |                                        |
| 487      Magnolia Avenue, Suite 101                             |   | RETAIL      OFFICES                         |
| Corona,      CA 92879                                           |   |                                        |
|                                                            |   | City      of Industry                       |
| Corporate      Office                                           |   | 18725      East Gale Avenue, Suite 100      |
| 3756      Central Avenue                                        |   | City      of Industry, CA 91748             |
| Riverside      CA 92506                                         |   |                                        |
|                                                            |   | Escondido                                   |
| Downtown      Business Center                                   |   | 362      West Mission Avenue, Suite 200     |
| 4001      Main Street                                           |   | Escondido,      CA 92025                    |
| Riverside,      CA 92501                                        |   |                                        |
|                                                            |   | Glendora                                    |
| Hemet                                                           |   | 1200      E. Route 66, Suite 102            |
| 1690      E. Florida Avenue                                     |   | Glendora,      CA 91740                     |
| Hemet,      CA 92544                                            |   |                                        |
|                                                            |   | Rancho      Cucamonga                       |
| Iris      Plaza                                                 |   | 8599      Haven Avenue                      |
| 16110      Perris Boulevard, Suite K                            |   | Rancho      Cucamonga, CA 91730             |
| Moreno      Valley, CA 92551                                    |   |                                        |
|                                                            |   | Riverside,      Indiana Avenue              |
| La      Sierra                                                  |   | 7111      Indiana Avenue, Suite 200         |
| 3312      La Sierra Avenue, Suite 105                           |   | Riverside,      CA 92504                    |
| Riverside,      CA 92503                                        |   |                                        |
|                                                            |   | Riverside,      Market Street               |
| Moreno      Valley                                              |   | 2280      Market Street, Suite 230          |
| 12460      Heacock Street                                       |   | Riverside,      CA 92501                    |
| Moreno      Valley, CA 92553                                    |   |                                        |
|                                                            |   | Riverside,      Riverside Avenue            |
| Orangecrest                                                     |   | 6529      Riverside Avenue, Suite 160       |
| 19348      Van Buren Boulevard, Suite 119                       |   | Riverside,      CA 92506                    |
| Riverside,      CA 92508                                        |   |                                        |
|                                                            |   |                                        |
| Rancho      Mirage                                              |   |                                        |
| 71-991      Highway 111                                         |   |                                        |
| Ranch      Mirage, CA 92270                                     |   |                                        |
|                                                            |   |                                        |
| Redlands                                                        |   |                                        |
| 125      E. Citrus Avenue                                       |   |                                        |
| Redlands,      CA 92373                                         |   |                                        |
|                                                            |   |                                        |
| Sun      City                                                   |   |                                        |
| 27010      Sun City Boulevard                                   |   |                                        |
| Sun      City, CA 92586                                         |   |                                        |
|                                                            |   |                                        |
| Temecula                                                        |   |                                        |
| 40325      Winchester Road                                      |   |                                        |
| Temecula,      CA 92591                                         |   |                                        |
|                                                            |   |                                        |
| Customer Information      1-800-442-5201 or www.myprovident.com |

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