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UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

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Form 10-QSB

|/x/ |  | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the quarterly period ended March 31, 2001
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------
|/ / |  | Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for
the transition period from  to .              

Commission
File No. 000 - 26505

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COMMUNITY BANCORP INC.(Exact name of registrant as specified in its charter)

Delaware(State or other jurisdiction of incorporation
or organization)

33-0859334(I.R.S. Employer Identification No.)130 West Fallbrook Street, Fallbrook, CA(Address of principal executive offices)

92028(Zip Code)


Issuer's telephone number:(760) 723-8811

None
(Former name, former address and former fiscal year, if changed
since last report)

Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes /x/  No / /

Number
of shares of common stock outstanding as of March 31, 2001: 2,670,406

Transitional
Small Business Disclosure Format (check one): Yes / /  No /x/

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PART 1: FINANCIAL INFORMATION

Item 1: FINANCIAL STATEMENTS

COMMUNITY BANCORP INC.  CONSOLIDATED BALANCE SHEETS  (dollars in thousands)

|                                                                                                                                        |                                | March
2001                                 |         | December 31,
2000 |        
|--------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------ | ------------------------------------------ | ------- | ----------------- | -------
|
|ASSETS                                                                                                                                  |                               
|Cash and cash equivalents                                                                                                               |                                | $                                          | 34,784  |                   | $      
|Interest bearing deposits in financial institutions                                                                                     |                                |                                            | 497     |                   |        
|Federal Reserve Bank & FHLB stock                                                                                                       |                                |                                            | 1,080   |                   |        
|Investment securities held-to-maturity, at amortized cost                                                                               |                                |                                            | 5,570   |                   |        
|Interest-only strip, at fair value                                                                                                      |                                |                                            | 480     |                   |        
|Loans held for investment                                                                                                               |                                |                                            | 244,610 |                   |        
|                                                                                                                                        | Less allowance for loan losses |                                            |         | (2,242            | )      
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Net loans held for investment              |         |                   | 242,368
|Loans held for sale                                                                                                                     |                                |                                            | 22,498  |                   |        
|Premises and equipment, net                                                                                                             |                                |                                            | 2,303   |                   |        
|Accrued interest and other assets                                                                                                       |                                |                                            | 4,395   |                   |        
|Deferred tax asset                                                                                                                      |                                |                                            | 672     |                   |        
|Servicing asset, net                                                                                                                    |                                |                                            | 1,471   |                   |        
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Total Assets                               |         | $                 | 316,118
|                                                                                                                                        |                                |                                            |         |                   |        
|LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                    |                               
|Deposits:                                                                                                                               |                                |                                            |         |                   |        
|                                                                                                                                        | Interest bearing               |                                            | $       | 243,990           |        
|                                                                                                                                        | Non-interest bearing           |                                            |         | 31,388            |        
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Total deposits                             |         |                   | 275,378
|Other borrowings                                                                                                                        |                                |                                            | 23,965  |                   |        
|Accrued expenses and other liabilities                                                                                                  |                                |                                            | 4,195   |                   |        
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Total liabilities                          |         |                   | 303,538
|Shareholders' equity                                                                                                                    |                                |                                            |         |                   |        
|Common stock, $0.625 par value; authorized 10,000,000 shares, issued and outstanding, 2,670,400 at March 31, 2001 and December 31, 2000 |                                |                                            | 1,669   |                   |        
|Additional paid-in capital                                                                                                              |                                |                                            | 5,551   |                   |        
|Unearned ESOP contribution                                                                                                              |                                |                                            | (746    | )                 |        
|Retained earnings                                                                                                                       |                                |                                            | 6,106   |                   |        
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Total shareholders' equity                 |         |                   | 12,580 
|                                                                                                                                        |                                |                                            |         |                   |        
|                                                                                                                                        |                                | Total Liabilities and Shareholders' Equity |         | $                 | 316,118
|                                                                                                                                        |                                |                                            |         |                   |        

See
accompanying notes to unaudited consolidated financial statements.

2

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COMMUNITY BANCORP INC.  CONSOLIDATED STATEMENTS OF INCOME  (dollars in thousands, except for per share amounts)

|                                                     |                                                                 | For the three months
ended March 31,
|---------------------------------------------------- | --------------------------------------------------------------- | ------------------------------------
|
|
|Interest income:                                     |                                                                 |                                     
|                                                     | Interest and fees on loans                                      |                                     
|                                                     | Interest on cash equivalents                                    |                                     
|                                                     | Interest on interest bearing deposits in financial institutions |                                     
|                                                     | Interest on investment securities                               |                                     
|                                                     |                                                                 |                                     
|                                                     |                                                                 | Total interest income               
|                                                     |                                                                 |                                     
|Interest expense on deposits                         |                                                                 |                                     
|Interest expense on other borrowed money             |                                                                 |                                     
|                                                     |                                                                 |                                     
|                                                     |                                                                 | Total interest expense              
|                                                     |                                                                 |                                     
|Net interest income before provision for loan losses |                                                                 |                                     
|Provision for loan losses                            |                                                                 |                                     
|                                                     |                                                                 |                                     
|Net interest income after provision for loan losses  |                                                                 |                                     
|Other operating income:                              |                                                                 |                                     
|                                                     | Customer service charges                                        |                                     
|                                                     | Other fee income                                                |                                     
|                                                     | Net gain on sale of loans                                       |                                     
|                                                     | Loan servicing fees, net                                        |                                     
|                                                     |                                                                 |                                     
|                                                     |                                                                 | Total other operating income        
|                                                     |                                                                 |                                     
|Other operating expenses:                            |                                                                 |                                     
|                                                     | Salaries and employee benefits                                  |                                     
|                                                     | Occupancy                                                       |                                     
|                                                     | Telephone                                                       |                                     
|                                                     | Premises and equipment                                          |                                     
|                                                     | Marketing and promotions                                        |                                     
|                                                     | Data processing                                                 |                                     
|                                                     | Professional services                                           |                                     
|                                                     | Director, officer and employee expenses                         |                                     
|                                                     | Office expenses                                                 |                                     
|                                                     | ESOP loan expense                                               |                                     
|                                                     | Other expenses                                                  |                                     
|                                                     |                                                                 |                                     
|                                                     |                                                                 | Total other operating expenses      
|                                                     |                                                                 |                                     
|Income before income taxes                           |                                                                 |                                     
|Income taxes                                         |                                                                 |                                     
|                                                     |                                                                 |                                     
|Net Income                                           |                                                                 | $                                   
|                                                     |                                                                 |                                     
|Comprehensive Income                                 |                                                                 | $                                   
|                                                     |                                                                 |                                     
|Basic earnings per share                             |                                                                 | $                                   
|Diluted earnings per share                           |                                                                 | $                                   

See accompanying notes to unaudited consolidated financial statements.

3

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COMMUNITY BANCORP INC.  CONSOLIDATED STATEMENTS OF CASH FLOWS  (dollars in thousands)

|                                                                              |                                                        | For the three months
ended March 31,      |       
|----------------------------------------------------------------------------- | ------------------------------------------------------ | ----------------------------------------- | ------
|
|
|Cash flows from operating activities:                                         |                                                        |                                           |       
|Net income                                                                    |                                                        | $                                         | 302   
|Adjustments to reconcile net income to net cash used in operating activities: |                                                        |                                           |       
|                                                                              | Depreciation and amortization                          |                                           |       
|                                                                              | Provision for loan losses                              |                                           |       
|                                                                              | Net gain on sale of loans                              |                                           |       
|                                                                              | Loans originated for sale                              |                                           |       
|                                                                              | Unrealized (gain) / loss on interest-only strips       |                                           |       
|                                                                              | Amortization of interest-only strips                   |                                           |       
|                                                                              | Amortization of servicing asset                        |                                           |       
|                                                                              | Writedown of servicing asset                           |                                           |       
|                                                                              | Proceeds from sale of loans                            |                                           |       
|                                                                              | Increase in accrued interest and other assets          |                                           |       
|                                                                              | Decrease in accrued expenses and other liabilities     |                                           |       
|                                                                              |                                                        |                                           |       
|                                                                              |                                                        | Net cash used in operating activities     |       
|Cash flows from investing activities:                                         |                                                        |                                           |       
|                                                                              | Net increase in loans                                  |                                           |       
|                                                                              | Net maturities of interest bearing time deposits       |                                           |       
|                                                                              | Maturities of securities held-to-maturity              |                                           |       
|                                                                              | Purchase of securities held-to-maturity                |                                           |       
|                                                                              | Net additions to premises and equipment                |                                           |       
|                                                                              |                                                        |                                           |       
|                                                                              |                                                        | Net cash used in investing activities     |       
|Cash flows from financing activities:                                         |                                                        |                                           |       
|                                                                              | Net increase (decrease) in deposits:                   |                                           |       
|                                                                              |                                                        | Interest bearing                          |       
|                                                                              |                                                        | Non-interest bearing                      |       
|                                                                              | Purchase of treasury stock                             |                                           |       
|                                                                              | Repayment of line of credit                            |                                           |       
|                                                                              | Proceeds from other borrowings                         |                                           |       
|                                                                              |                                                        |                                           |       
|                                                                              |                                                        | Net cash provided by financing activities |       
|                                                                              |                                                        |                                           |       
|                                                                              |                                                        | Net increase in cash and cash equivalents |       
|Cash and cash equivalents at beginning of period                              |                                                        | $                                         | 17,830
|                                                                              |                                                        |                                           |       
|Cash and cash equivalents at end of period                                    |                                                        | $                                         | 34,784
|                                                                              |                                                        |                                           |       
|Supplemental disclosure of cash flow information:                             |                                                        |                                           |       
|                                                                              | Cash paid during the period for:                       |                                           |       
|                                                                              |                                                        | Interest                                  |       
|                                                                              |                                                        |                                           |       
|                                                                              | Income taxes                                           |                                           | $     
|                                                                              |                                                        |                                           |       
|Supplemental disclosure of non-cash investing activities:                     |                                                        |                                           |       
|                                                                              | Loans held for investment transferred to held for sale |                                           | $     
|                                                                              |                                                        |                                           |       

See
accompanying notes to unaudited consolidated financial statements.

4

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COMMUNITY BANCORP INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  March 31, 2001  (unaudited)

Note 1 Basis of Presentation:

The interim financial statements included herein have been prepared by Community Bancorp Inc. without audit, pursuant to the rules and regulations of
the Securities and Exchange Commission (the "SEC"). The interim financial statements include Community Bancorp Inc. and its wholly owned subsidiaries Community National Bank (formerly Fallbrook
National Bank) (the "Bank") and Community (CA) Capital Trust I (the "Trust"), (collectively, the "Company") as consolidated with the elimination of all intercompany transactions. Certain information
and footnote disclosures, normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted
pursuant to such SEC rules and regulations. Nevertheless, the Company believes that the disclosures are adequate to make the information presented not misleading. These financial statements should be
read in conjunction with the audited financial statements and notes thereto included in the Company's latest Annual Report as found on Form 10KSB. In the opinion of management, all adjustments,
including normal recurring adjustments necessary to present fairly the financial position of the Company with respect to the interim financial statements and the results of its operations for the
interim period ended March 31, 2001, have been included. Certain reclassifications may have been made to prior year amounts to conform to the 2001 presentation. The results of operations for
interim periods are not necessarily indicative of results for the full year.

On
October 10, 2000, Fallbrook National Bank, subsidiary of Community Bancorp Inc., officially changed its name to Community National Bank.

Note 2 Loans and Related Allowance for Loan Losses:

A summary of loans as of March 31, 2001 and December 31, 2000 is as follows:

|                                                    |  | March 31,
2001 |         | December 31,
2000 |  
|--------------------------------------------------- |  | -------------- | ------- | ----------------- | -
|
|Construction loans                                  |  | $              | 51,162  |                   | $
|Real estate one- to four-family                     |  |                | 29,444  |                   |  
|Real estate commercial and multi-family             |  |                | 135,630 |                   |  
|Consumer home equity lines of credit                |  |                | 3,156   |                   |  
|Consumer other                                      |  |                | 11,159  |                   |  
|Aircraft                                            |  |                | 24,936  |                   |  
|Commercial                                          |  |                | 11,385  |                   |  
|                                                    |  |                |         |                   |  
|Total gross loans                                   |  |                | 266,872 |                   |  
|Deferred loan fees                                  |  |                | 883     |                   |  
|Discounts on unguaranteed portion of loans retained |  |                | (647    | )                 |  
|Allowance for loan losses                           |  |                | (2,242  | )                 |  
|                                                    |  |                |         |                   |  
|Net loans                                           |  | $              | 264,866 |                   | $
|                                                    |  |                |         |                   |  

The
Company's lending activities are concentrated primarily in Southern California. Although the Company seeks to avoid undue concentrations of loans to a single industry based upon a
single class of collateral, real estate and real estate associated business areas are among the principal industries in the Company's market area. As a result, the Company's loan and collateral
portfolios are, to some degree, concentrated in those industries. The Company evaluates each credit on an individual basis and

5

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determines collateral requirements accordingly. When real estate is taken as collateral, advances are generally limited to a certain percentage of the appraised value of the collateral at the time the
loan is made, depending on the type of loan, the underlying property and other factors.

Note 3 Sales and Servicing of SBA Loans:

Starting in the first quarter of 2000, the Company changed its policy to hold to maturity the guaranteed portion of SBA 7a loans. In the past, the Company
generated revenues from the origination of loans guaranteed by the SBA and the sale of guaranteed and unguaranteed portions of those loans in the secondary market. The Company retained the servicing
on the sale of SBA loans that creates loan servicing income. The Company measures the servicing asset by discounting the respective cash flow for the estimated expected life of the loans. The Company
uses industry prepayment statistics in estimating the expected life.

If
the fair value of the servicing assets is less than the amortized carrying value, the asset is considered impaired. A valuation allowance must be established for the impaired asset
by a charge against income for the difference between the amortized carrying value and the fair value. As of March 31, 2001, there was no material difference between the Company's amortized
carrying value for the servicing assets and the fair value.

Note 4 Contingencies:

Because of the nature of its activities, the Company is at all times subject to pending and threatened legal actions which arise out of the normal course of
its business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company's financial position, results of operations or liquidity.

Note 5 Earnings per share

The following tables are a reconciliation of the numerators and denominators of the basic and diluted EPS computations for the net earnings for the Company
(dollars in thousands, except share data):

|                                                                               |  | For the three months ended March 31,
|------------------------------------------------------------------------------ |  | ------------------------------------
|
|
|Net Earnings                                                                   |  | $                                   
|                                                                               |  |                                     
|Basic EPS Earnings available to common shareholders                            |  | $                                   
|Effect of Dilutive Securities Options                                          |  |                                     
|                                                                               |  |                                     
|Diluted EPS Earnings Available to common Shareholders plus assumed Conversions |  | $                                   
|                                                                               |  |                                     

Note 6 Segment Information

The following disclosure about segments of the Company is made in accordance with the requirements of Statement of Financial Accounting Standards ("SFAS")
No. 131, "Disclosures about Segments of an Enterprise and Related Information." The Company changed its internal reporting in 1999, and now segregates its operations into two primary segments:
Banking Division and SBA Lending

6

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Division. The Company determines operating results of each segment based on an internal management system that allocates certain expenses to each.

|                                     |  | For the three months ended March 31,
|------------------------------------ |  | ------------------------------------
|
|
|
|Interest income                      |  | $                                   
|Interest expense                     |  |                                     
|                                     |  |                                     
|Net interest income before provision |  |                                     
|Provision for loan losses            |  |                                     
|Other income                         |  |                                     
|Other expenses                       |  |                                     
|                                     |  |                                     
|Income before income taxes           |  |                                     
|Income taxes                         |  |                                     
|                                     |  |                                     
|Net income                           |  | $                                   
|                                     |  |                                     
|Asset employed at quarter end        |  | $                                   
|                                     |  |                                     

Note 7 Recent Accounting Developments

SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities", is effective for all fiscal years beginning after June 15, 2000.
SFAS No. 133, as amended, establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging
activities. Under SFAS No. 133, certain contracts that were not formerly considered derivatives may now meet the definition of a derivative. The Company adopted SFAS No. 133 effective
January 1, 2001. The adoption of SFAS No. 133 did not have a significant impact on the financial position, results of operations, or cash flows of the Company.

In
September 2000, the Financial Accounting Standards Board (FASB) issued SFAS No. 140 "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of
Liabilities", which revises the standards for accounting for securitizations and other transfers of financial assets and collateral and requires certain disclosures, but carries over most of the
provisions of SFAS No. 125 without reconsideration. SFAS No. 140 is effective for transfers and servicing of financial assets and extinguishments of liabilities occurring after
March 31, 2001. The Statement is effective for recognition and reclassification of collateral and for disclosures relating to securitization transactions and collateral for fiscal years ending
after December 15, 2000. SFAS No. 140 is not expected to have a material effect on the Company's financial position, results of operations or cash flows.

In
March 2000, the FASB issued Interpretation No. 44 (FIN-44), "Accounting for Certain Transactions involving Stock Compensation." FIN-44 is an
interpretation of APB No. 25. Among other matters, FIN-44 clarifies the application of APB No. 25 regarding the definition of employee for purposes of applying APB
No. 25, the criteria for determining whether a plan qualifies as noncompensatory and the accounting consequences of modifications to the terms of a previously issued stock options or similar
awards. The Company adopted the provisions of FIN-44 in the third quarter of 2000. The adoption of FIN-44 did not have a material impact on the Company's financial condition,
results of operations or cash flows.

7

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ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following is management's discussion and analysis of the major factors that influenced the financial performance of the Company for the three months ended
March 31, 2001. This analysis should be read in conjunction with the Company's 2000 Annual Report as filed on form 10KSB and with the unaudited financial statements and notes as set
forth in this report.

Certain
statements contained in this Report, including, without limitation, statements containing the words "believes", "anticipates", "intends", "expects", and words of similar
import, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions in
those areas in which the Company operates, demographic changes, competition, fluctuations in interest rates, changes in business strategy or development plans, changes in governmental regulation,
credit quality, the availability of capital to fund the expansion of the Company's business, and other factors referenced in this report. The Company disclaims any obligation to update any such
factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

This
discussion should be read in conjunction with the financial statements of the Company, including the notes thereto, appearing elsewhere in this report.

RESULTS OF OPERATIONS

Net Income

Net income increased to $302,000 for the three months ended March 31, 2001 compared to $44,000 for the three months ended March 31, 2000. Basic
earnings per share were $0.12 and $0.02 for the three months ended March 31, 2001 and 2000, respectively. Diluted earnings per share were $0.11 and $0.02 for the three months ended
March 31, 2001 and 2000, respectively. Earnings per share for the three months ended March 31, 2000 were adjusted for the effects of a stock dividend paid in November 2000. The
increase in net income was mainly due to the increase in net interest income, partially offset by an increase in other operating expenses. Interest income increased due to an increase in average
interest earning assets, and other operating expenses increased during the three months ended March 31, 2001 due to the expansion of the Company's franchise and increased loan production.

Return
on average assets for the three months ended March 31, 2001 was 0.42% compared to 0.09% for the three months ended March 31, 2001. The increase in the return on
average assets from 2000 to 2001 was due to the increase in net income noted above, which is the result of the 51.9% growth in average assets, in accordance with the Company's strategic plan. The
return on average equity was 10.00% for the three months ended March 31, 2001 compared to 1.55% for the three months ended March 31, 2000.

Interest Income

Net interest income is the most significant component of the Company's income from operations. Net interest income is the difference (the "interest rate
spread") between the gross interest and fees earned on the loan and investment portfolios and the interest paid on deposits and other borrowings. Net interest income depends on the volume of and
interest rate earned on interest earning assets and the volume of and interest rate paid on interest bearing liabilities.

8

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The following table sets forth a summary of average balances with corresponding interest income and interest expense as well as average yield and cost information for the periods
presented. Average balances are derived from daily balances, and nonaccrual loans are included as interest earning assets for purposes of this table.

|                                            |                                               | For the three months ended March 31,  |  
|------------------------------------------- | --------------------------------------------- | ------------------------------------- | -
|
|
|Average assets                              |                                               |                                       |  
|                                            | Securities and time at other banks            |                                       | $
|                                            | Fed funds sold                                |                                       |  
|                                            | Loans                                         |                                       |  
|                                            |                                               | Commercial                            |  
|                                            |                                               | Real Estate                           |  
|                                            |                                               | Consumer                              |  
|                                            |                                               |                                       |  
|                                            | Total loans                                   |                                       |  
|                                            |                                               |                                       |  
|                                            | Total earning assets                          |                                       |  
|                                            | Non earning assets                            |                                       |  
|                                            |                                               |                                       |  
|                                            | Total average assets                          |                                       | $
|                                            |                                               |                                       |  
|Average liabilities and shareholders equity |                                               |                                       |  
|                                            | Interest bearing deposits                     |                                       |  
|                                            |                                               | Savings and interest bearing accounts |  
|                                            |                                               | Time deposits                         |  
|                                            |                                               |                                       |  
|                                            | Total interest bearing deposits               |                                       |  
|                                            | Demand deposits                               |                                       |  
|                                            | Trust preferred debt                          |                                       |  
|                                            | Other borrowings                              |                                       |  
|                                            |                                               |                                       |  
|                                            | Total interest bearing liabilities            |                                       |  
|                                            | Accrued expenses and other liabilities        |                                       |  
|                                            | Net shareholders equity                       |                                       |  
|                                            |                                               |                                       |  
|                                            | Total average liabilities shareholders equity |                                       | $
|                                            |                                               |                                       |  
|                                            | Net interest spread                           |                                       |  
|                                            |                                               |                                       |  
|                                            | Net interest income                           |                                       |  
|                                            |                                               |                                       |  
|                                            | Net yield on interest earnings assets         |                                       |  
|                                            |                                               |                                       |  

Interest
income for the three months ended March 31, 2001 increased to $6.6 million, compared to $3.9 million for the three months ended March 31, 2000.
This increase was due to an increase in the average balance of interest earning assets, and an increase in the yield on those assets. Average interest earning assets increased to $276.5 million
for the three months ended March 31, 2001 compared to $175.3 million for the three months ended March 31, 2000. The yield on interest earning assets increased to 9.64% for the
three months ended March 31, 2001 compared to 9.03% for the three months ended March 31, 2000. The largest single component of interest earning assets was loans receivable, which had an
average balance of $254.7 million with a yield of 9.96% for the three months ended March 31, 2001 compared to $159.8 million with a yield of 9.38% for the three months ended
March 31, 2000. The increase in the average balance of loans receivable was attributable to the

9

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expansion of the Company as part of the Company's strategic plan, including the retention of SBA 7a loans.

Interest
expense for the three months ended March 31, 2001 increased to $3.4 million compared to $1.7 million for the three months ended March 31, 2000.
This increase was due to an increase in average deposits and other borrowings, combined with a change in the composition of those liabilities, and by an increase in the cost of those liabilities.
Average interest-bearing liabilities increased to $275.4 million for the three months ended March 31, 2001 compared to $178.4 million for the three months ended March 31,
2000. Average time deposits increased to $163.7 million with a cost of 6.33% for the three months ended March 31, 2001 compared to $88.0 million with a cost of 5.69% for the three
months
ended March 31, 2000. Beginning on January 1, 2000, the Company changed its policy regarding the sale of SBA 7a loans from one of selling the guaranteed and unguaranteed portions to
retaining the guaranteed portions. The resulting increase in total loans is being funded by both retail and wholesale certificates of deposit, with the wholesale deposits having a higher interest rate
than the retail deposits. Although the wholesale deposits have a higher interest rate, there is limited operating costs associated with acquiring and managing these liabilities. As of March 31,
2001, wholesale deposits totaled $59.1 million and have maturities ranging from three months to one year. In addition, interest rates increased throughout 2000, and then decreased dramatically
during the first quarter of 2001. The decline in market rates results in declines in cost of funds as the certificates of deposits renew or are acquired. However, existing certificates of deposit have
maturities of three months to twelve months, which causes the overall cost of funds to decline over a period of time, and not as quickly as market rates change.

Other
average borrowings increased to $11.3 million with a cost of 10.97% for the three months ended March 31, 2001, compared to $4.6 million with a cost of
10.03% for the three months ended March 31, 2000. The Company borrowed $3.2 million in June, 1999, of which $3.0 million was used to increase capital at its Bank subsidiary. In
March, 2000, the Company's subsidiary, Community (CA) Capital Trust I, issued $10 million of 11.0% Fixed Rate Capital Trust Pass-through Securities ("TRUPS-Registered Trademark-"),
with a liquidation value of $1,000 per share. The Company used the proceeds to pay off the $3.2 million in borrowed funds, and contributed an additional $5.8 million in capital to the
Bank.

Net interest income before provision for estimated loan losses

Net interest income before provision for estimated loan losses for the three months ended March 31, 2001 was $3.2 million, compared to
$2.2 million for the three months ended March 31, 2000. This increase was primarily due to the increase in average interest earning assets and partially offset by a decrease in the net
interest margin. Average interest earning assets were $276.5 million for the three months ended March 31, 2001 with a net interest margin of 4.69% compared to $175.3 million with
a net interest margin of 5.12% for the three months ended March 31, 2000. A significant portion of the assets reprice with changes in the prime rates, or in the case of SBA 7a loans, at the
beginning of the quarter following the change in prime rate. The increase in the loan portfolio was funded primarily through the use of retail and wholesale deposits, which have maturities of three to
twelve months, resulting in a short term decrease in the interest margin during falling interest rate environments. The decline in the net interest margin was primarily due to the rising interest
rates in 2000, followed by a rapid decline in market rates during the first quarter of 2001, combined with the increased use of certificates of deposits as well as other borrowed funds in order to
support the expanding loan portfolio.

Provision for Loan Losses

Net charge offs totaled $3,000 for the three months ended March 31. 2001 compared to a recovery of $41,000 during the three months ended
March 31, 2000. The provision for loan losses totaled

10

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$19,000 for the three months ended March 31, 2001 compared to $160,000 for the three months ended March 31, 2000. As a result of the increase in total loans outstanding, management
increased the allowance for loan losses to $2.2 million as of March 31, 2001 compared to $1.5 million as of March 31, 2000. As of March 31, 2001, the allowance was
0.84% of total gross loans compared to 0.89% as of March 31, 2000. When excluding the guaranteed portions of loans and loans held for sale, the allowance was 1.12% and 1.04% respectively as a
percentage of total loans as of March 31, 2001 and 2000. In general, the Company does not establish reserves for government guaranteed loans. The allowance for loan losses as a percentage of
nonaccrual loans was 134.41% as of March 31, 2001 compared to 87.46% as of March 31, 2000. When excluding the guaranteed portion of nonaccrual loans, the allowance for loan losses as a
percentage of nonaccrual loans was 462.27% as of March 31, 2001 compared to 384.89% as of March 31, 2000.

Nonaccrual
loans as of March 31, 2001 were $1.7 million, of which $1.2 million is guaranteed by the SBA, compared to $1.7 million, with $1.4 million
guaranteed by the SBA as of March 31, 2000.

In
determining the adequacy of the allowance for loan losses, management initially considers the allowances specifically allocated to individual impaired loans, and then considers the
level of general loss allowances deemed appropriate for the balance of the portfolio based on factors including the levels of classified assets, general portfolio trends relative to asset and
portfolio size, asset categories, potential credit concentrations, nonaccrual loan levels, historical loss experience, risks associated with changes in economic and business conditions, and other
factors. As part of the strategic plan, the Company began retaining the guaranteed portion of SBA loans beginning in 2000. The government guaranteed portion of the loan portfolio increased to
$44.2 million as of March 31, 2001 compared to $35.1 million as of December 31, 2000 and $14.4 million as of March 31, 2000. In general, the Company does not
maintain allowance for loan losses on the guaranteed portion of SBA loans. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company's
allowance for loan losses. Such agencies may require the Company to make additional provisions for loan losses based upon judgments which differ from those of management.

Other Operating Income

Other operating income represents non-interest types of revenue and is comprised of service charges on deposit accounts, other fee income, net gain
on sale of loans and net loan servicing fees. Other operating income was $557,000 for the three months ended March 31, 2001 compared to $610,000 for the three months ended March 31,
2000. The decrease was due to a decline in other fee income generated through the brokering of loans to other investors, combined with a decrease in loan servicing income, and offset by an increase in
gains on sale of loans. Customer service charges increased to $114,000 for the three months ended March 31, 2001 compared to $108,000 for the three months ended March 31, 2000.

Other
fee income decreased to $263,000 for the three months ended March 31, 2001 compared to $295,000 for the three months ended March 31, 2000. The decrease in other
fee income for the three month periods reflect the decrease in fees from brokering of loans which the Company does not directly fund.

Gains
on sale of loans increased from $47,000 for the quarter ended March 31, 2000 to $70,000 for the quarter ended March 31, 2001. During the three months ended
March 31, 2001, the Company originated $18.1 million in SBA loans compared to $10.5 million during the three months ended March 31, 2000. The Company originated
$8.5 million in mortgage loans during the three months ended March 31, 2001 compared to $3.6 million during the three months ended March 31, 2000. The Company sold
$5.2 million in mortgage loans and $2.7 million in SBA 504 loans during the three months ended March 31, 2001 compared to $3.1 million in mortgage loans and
$1.0 million in SBA 504 loans during the three month period ended March 31, 2000.

11

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Loan servicing income decreased to $110,000 for the three months ended March 31, 2001 compared to $160,000 for the three months ended March 31, 2000. The Company did not
sell any SBA 7a loans during 2000 or the first quarter of 2001, and therefore did not increase its loan servicing portfolio. The remaining loan servicing portfolio is decreasing as principal payments
are made or loans are paid off, and therefore fees from loan servicing decline accordingly.

Other Operating Expenses

Other operating expenses are non-interest types of expenses and are incurred by the Company in its normal course of business. Salaries and employee
benefits, occupancy, telephone, premises and equipment, marketing and promotions, data processing, professional services, director/officer/employee expenses, office, ESOP loan and other expenses are
the major categories of other operating expenses. Other operating expenses increased to $3.2 million for the three months ended March 31, 2001 compared to $2.6 million for the
three months ended March 31, 2000.

The
increase in other operating expenses is primarily due to the increase in salaries and employee benefits to $1.8 million for the three months ended March 31, 2001
compared to $1.4 million for the three months ended March 31, 2000. The Company opened a new branch office on April 2, 2001 and increased the number of SBA offices by two during
2000. As a result of the increased loan origination, commissions have increased by $143,000 when comparing the quarter ended March 31, 2001 to March 31, 2000. Total personnel increased
to 136 as of March 31, 2001 compared to 123 as of March 31, 2000.

The
Company's efficiency ratio, which is the ratio of recurring operating expenses to net interest income before provision for loan losses plus non-interest income,
decreased to 86.51% for the three months ended March 31, 2001 compared to 91.73% for the three months ended March 31, 2000. The decrease in efficiency ratio was due to the increase in
net interest income, partially offset by the decrease other operating income and the increase in operating expenses. The increase in operating expenses is due to the expansion of the Company's
business lines.

The
following table compares each of the components of other operating expenses for the three months ended March 31, 2001 and 2000, respectively:

|                          |                                        | For the three months ended March 31, |  
|------------------------- | -------------------------------------- | ------------------------------------ | -
|
|Other operating expenses: |                                        |                                      |  
|                          | Salaries and employee benefits         |                                      | $
|                          | Occupancy                              |                                      |  
|                          | Telephone                              |                                      |  
|                          | Premises and equipment                 |                                      |  
|                          | Marketing and promotions               |                                      |  
|                          | Data processing                        |                                      |  
|                          | Professional services                  |                                      |  
|                          | Director, officer and employee expense |                                      |  
|                          | Office expenses                        |                                      |  
|                          | ESOP loan expense                      |                                      |  
|                          | Other expenses                         |                                      |  
|                          |                                        |                                      |  
|                          |                                        | Total other operating expenses       |  
|                          |                                        |                                      |  

12

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Provision for Income Taxes

The effective income tax rate was 38.0% for the three months ended March 31, 2001 compared to 41.3% for the three months ended March 31, 2000.
Provisions for income taxes totaled $185,000 and $31,000 for the three months ended March 31, 2001 and 2000, respectively.

13

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FINANCIAL CONDITION    Summary of Changes in Consolidated Balance Sheets  March 31, 2001 compared to December 31, 2000

Total assets of the Company increased to $316.1 million as of March 31, 2001 compared to $280.5 million as of December 31, 2000 and
$215.3 million as of March 31, 2000. This increase was due to the growth in net loans to $264.9 million as of March 31, 2001, compared to $245.2 million as of
December 31, 2000, and were $169.2 million as of March 31, 2000.

Deposits
grew to $275.4 million as of March 31, 2001 compared to $252.7 million as of December 31, 2000 and were $191.1 million as of
March 31, 2000. Cash and cash equivalents increased to $34.8 million as of March 31, 2001 compared to $17.8 million as of December 31, 2000 and were
$29.3 million as of March 31, 2000. The increase in cash and cash equivalents was due to the increase in deposits and other borrowed money, including Federal Home Loan Bank (the "FHLB")
advances. During the three months ended March 31, 2001, the company became a member of the FHLB and pledged loans as collateral for a $13.1 million credit line.

Shareholders'
equity was $12.6 million as of March 31, 2001 compared to $12.2 million as of December 31, 2000, and was $11.4 million as of
March 31, 2000. Please refer to the capital section of this discussion for further information.

Investments

The Company's investment portfolio consists primarily of certificates of deposit with other financial institutions, agency securities and overnight investments
in the Federal Funds market. As of March 31, 2001, certificates of deposit with other financial institutions totaled $497,000, compared to $790,000 as of December 31, 2000 and $800,000
as of March 31, 2000. As of March 31, 2001, December 31, 2000 and March 31, 2000, $497,000, $500,000 and $500,000, respectively, was pledged as collateral for the Employee
Stock Ownership Plan ("ESOP") loan from another California bank, which was funding the Company's ESOP. US Government and other securities totaled $5.6 million as of March 31, 2001
compared to $6.8 million as of December 31, 2000 and were $6.7 million as of March 31, 2000. These securities are held as collateral for public funds and treasury, tax and
loan deposits. Average Federal Funds sold for the three months ended March 31, 2001 was $13.4 million compared to $7.7 million for the three months ended March 31, 2000.

Loans

Loan balances, net of the allowance for loan losses, increased to $264.9 million as of March 31, 2001 compared to $245.2 million as of
December 31, 2000 and $169.2 million as of March 31, 2000. A healthy loan demand resulted in a 56.5% growth rate in total gross loans since March 31, 2000. This rapid
increase is due to the retention of the SBA 7a loans, as part of the Company's change in strategy which became effective January 1, 2000, as well as growth in the Company's other lending
portfolios. The Company services SBA 7a loans sold to other investors. As of March 31, 2000, the Company serviced $73.5 million SBA 7a loans for other investors compared to
$77.6 million as of December 31, 2000 and $88.7 million as of March 31, 2000.

14

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Loan Origination and Sale.The following table sets forth the Company's loan originations by category and purchases,
sales and principal repayments of loans for the periods indicated:

At or for the three months
ended March 31,2001

2000(dollars in thousands)Beginning balance

$
245,199

$
144,194Loans originated:Commercial loans


2,037


3,257Real estate:Construction loans


18,457


13,104One-to four-family


10,813


13,069Commercial


22,828


17,507Consumer


1,225


2,158Total loans originated


55,360


49,095Loans soldReal estate:One-to four-family


5,243


3,109Commercial


2,731


1,039Total loans sold


7,974


4,148Less:Principal repayments


27,405


20,181Other net charges (1)


314


(268
)Total Loans

$
264,866

$
169,228


---

Nonperforming assets.Nonperforming assets consist of nonperforming loans and other real estate owned ("OREO").
Nonperforming loans are those loans which have (i) been placed on nonaccrual status, (ii) been subject to troubled debt restructurings, or (iii) become contractually past due
90 days or more with respect to principal or interest and have not been restructured or placed on nonaccrual status.

15

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The following table sets forth the Company's non-performing assets at the dates indicated:

|                                                                                                                      |  | March 31,
2001 |         | December 31,
2000 |   | March 31,
2000 |  
|--------------------------------------------------------------------------------------------------------------------- |  | -------------- | ------- | ----------------- | - | -------------- | -
|
|Non-accrual loans                                                                                                     |  | $              | 1,668   |                   | $ | 57             |  
|Troubled debt restructurings                                                                                          |  |                |        |                   |   |               |  
|Loans contractually past due 90 days or more with respect to either principal or interest and still accruing interest |  |                |        |                   |   |               |  
|                                                                                                                      |  |                |         |                   |   |                |  
|Total non-performing loans                                                                                            |  |                | 1,668   |                   |   | 57             |  
|Other real estate owned                                                                                               |  |                |        |                   |   |               |  
|                                                                                                                      |  |                |         |                   |   |                |  
|Total non-performing assets                                                                                           |  | $              | 1,668   |                   | $ | 57             |  
|                                                                                                                      |  |                |         |                   |   |                |  
|SUPPLEMENTAL DATA                                                                                                     |  |                |         |                   |   |                |  
|Total Assets                                                                                                          |  | $              | 316,118 |                   | $ | 280,458        |  
|Total gross loans                                                                                                     |  | $              | 266,872 |                   | $ | 247,339        |  
|Total loans held for investment                                                                                       |  | $              | 244,610 |                   | $ | 234,306        |  
|Government guaranteed portion of total loans                                                                          |  | $              | 44,214  |                   | $ | 35,058         |  
|Non-performing loans, net of government guarantees                                                                    |  | $              | 485     |                   | $ | 37             |  
|Allowance for loan losses                                                                                             |  | $              | 2,242   |                   | $ | 2,226          |  
|Allowance for loan losses to total loans                                                                              |  |                | 0.84    | %                 |   | 0.90           | %
|Allowance for loan losses to total loans held for investment, net of government guarantees                            |  |                | 1.12    | %                 |   | 1.12           | %
|Allowance for loan losses to non-accrual loans                                                                        |  |                | 134     | %                 |   | 3905           | %
|Allowance for loan losses to non-performing loans                                                                     |  |                | 134     | %                 |   | 3905           | %
|Allowance for loan losses to non-performing loans, net of government guarantees                                       |  |                | 462     | %                 |   | 6016           | %
|Allowance for loan losses to non-performing assets                                                                    |  |                | 134     | %                 |   | 3905           | %
|Total non-performing assets to total assets                                                                           |  |                | 0.53    | %                 |   | 0.02           | %
|Total non-performing loans, net of government guarantees to total assets                                              |  |                | 0.15    | %                 |   | 0.01           | %
|Total non-performing loans to total loans                                                                             |  |                | 0.63    | %                 |   | 0.02           | %
|Total non-performing loans, net of government guarantees, to total loans                                              |  |                | 0.18    | %                 |   | 0.01           | %

Nonaccrual Loans.Nonaccrual loans are impaired loans where the original contractual amount may not be fully
collectible. The Company measures its impaired loans by using the fair value of the collateral if the loan is collateral-dependent and the present value of the expected future cash flows discounted at
the loan's effective interest rate if the loan is not collateral-dependent. The period as of December 31, 2000 was considered unusual due to the extremely low level of
non-performing loans. As a result, the March 31, 2001 non-accrual totals appear to have increased dramatically during the quarter, when in fact they are closer to the
norm, as can be seen from the March 31, 2000 figures. As of March 31, 2001, December 31, 2000 and March 31, 2000 all impaired or nonaccrual loans were collateral-dependent.
The Company places loans on nonaccrual status that are delinquent 90 days or more or when a reasonable doubt exists as to the collectibility of interest and principal. As of March 31,
2001, the Company had nine loans on nonaccrual status totaling $1.7 million. Of this total $1.2 million, or 71%, was guaranteed by the SBA. As of December 31, 2000, the Company
had five loans on nonaccrual status totaling $57,000. Of this total, $20,000, or 35%, was guaranteed by the SBA. As of March 31, 2000 the Company
had eight loans on nonaccrual status totaling $1.7 million with $1.4 million, or 82%, guaranteed by the SBA.

16

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Allowance for Loan Losses.The allowance for loan losses is established through a provision for loan losses based on
management's evaluation of the risks inherent in its loan portfolio and the general economy. The allowance is increased by provisions charged against earnings and reduced by net loan chargeoffs. Loans
are charged off when they are deemed to be uncollectible, or partially charged off when portions of a loan are deemed to be uncollectible. Recoveries are generally recorded only when cash payments are
received.

In
determining the adequacy of the allowance for loan losses, management initially considers the allowances specifically allocated to individual impaired loans, and next considers the
level of general loss allowances deemed appropriate for the balance of the portfolio based on factors including the levels of classified assets, general portfolio trends relative to asset and
portfolio size, asset categories, potential credit concentrations, nonaccrual loan levels, historical loss experience, risks associated with changes in economic and business conditions, and other
factors. As part of the strategic plan, the Company began retaining the guaranteed portion of SBA loans beinning in 2000. The government guaranteed portion of the loan portfolio increased to
$44.2 million as of March 31, 2001 compared to $35.1 million as of December 31, 2000 and $14.4 million as of March 31, 2000. In general, the Company does not
maintain allowance for loan losses on the guaranteed portion of SBA loans. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company's
allowance for loan losses. Such agencies may require the Company to make additional provisions for loan losses based upon judgments which differ from those of management.

The
following table sets forth information regarding the Company's allowance for loan losses at the dates and for the periods indicated:

At or for the three months
ended March 31,2001

2000(dollars in thousands)Balance at beginning of period

$
2,226

$
1,327Chargeoffs:Real estate loans:One- to four- family





Commercial


9


Consumer


1


3Total chargeoffs


10


3Recoveries:Real estate loans:One- to four-family





Commercial


6


43Consumer


1


1Total recoveries


7


44Net chargeoffs


3


(41
)Provision for loan losses


19


160Balance at end of period

$
2,242

$
1,528Net charge offs to average loans


0.00
%

-0.10
%


As
of March 31, 2001 and December 31, 2000 the balance in the allowance for loan losses was $2.2 million compared to $1.5 million as of March 31,
2000. As a percentage of total gross loans the
allowance was 0.84% as of March 31, 2001 compared to 0.90% as of December 31, 2000 and was 0.89% as of March 31, 2000. As a percentage of total loans held for investment, net of
the government

17

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guarantees, the allowance was 1.12% as of March 31, 2001 and December 31, 2000 compared to 1.04% as of March 31, 2000. Management believes the allowance at March 31, 2001
is adequate based upon its ongoing analysis of the loan portfolio, historical loss trends and other factors.

Other Real Estate Owned.There was no other real estate owned at March 31, 2001 and 2000.

Capital

The Company's capital was approximately $12.6 million as of March 31, 2001 compared to $12.2 million as of December 31, 2000 and
was $11.4 million as of March 31, 2000. In 1997 the Company adopted an Employee Stock Ownership Plan ("ESOP") which was funded with a $1.2 million line of credit. As of
March 31, 2001 the indebtedness of the ESOP in the amount of $746,000 million is shown as a deduction from shareholders' equity. In future years capital will be increased as the unearned
ESOP contributions are made by the Company. During the three month period ended March 31, 2001, the Company repaid principal totaling $51,000. The Company anticipates advancing an additional
$130,000 during the second quarter of 2001, and is planning to contribute approximately $204,000 annually to this program.

As
part of the Company's strategic plan, during the third quarter of 1998 the Board elected to eliminate cash dividends in favor of retaining earnings to support future growth. A 5%
stock dividend was declared on October 17, 2000 to be paid on November 30, 2000 to shareholders of record as of November 15, 2000.

The
Company's strategic plan addresses the future capital needs of the Company. During March, 2000, the Company's wholly owned subsidiary, Community (CA) Capital Trust I (the
"Trust"), a Delaware business trust, issued $10 million of 11.0% Fixed Rate Capital Trust Pass-through Securities ("TRUPS-Registered Trademark-"), with a liquidation value of $1,000
per share. The securities have semi-annual interest payments, with principal due at maturity in 2030. The Trust used the proceeds from the sale of the trust preferred securities to
purchase junior subordinated debentures of the Company. The Company received $9.7 million from the Trust upon issuance of the junior subordinated debentures, of which $3.2 million was
used to pay off borrowings of the Company, and $5.8 million was contributed to the Bank to increase its capital. The $10 million is shown as other borrowings on the books of the Company.

Management
considers capital requirements as part of its strategic planning process. The strategic plan calls for continuing increases in assets and liabilities, and the capital
required will therefore be in excess of retained earnings. The ability to obtain capital is dependent upon the capital markets as well as performance of the Company. In March of 2000, the Company
issued $10 million in Trust Preferred Securities, which assisted in maintaining the Company's and the Bank's regulatory capital ratios at appropriate levels. Management is currently evaluating
sources of capital and the timing required to meet its strategic objectives.

At
March 31, 2001 and December 31, 2000, all capital ratios were above all current Federal capital guidelines for a "well capitalized" bank. As of March 31, 2001,
the Bank's regulatory Total Capital to risk-weighted assets ratio was 10.17% compared to 10.75% as of December 31, 2000. The Bank's regulatory Tier 1 Capital to
risk-weighted assets ratio was 9.25% as of March 31, 2001 compared to 9.76% as of December 31, 2000. The Bank's regulatory Tier 1 Capital to average assets ratio was 7.76% as
of March 31, 2001 compared to 8.53% as of December 31, 2000.

As
of March 31, 2001, the Company's regulatory Total capital to risk-weighted assets ratio was 10.23% compared to 10.68% as of December 31, 2000. The
Company's regulatory Tier 1 Capital to risk-weighted assets ratio was 6.93% as of March 31, 2001, compared to 7.12% as of December 31, 2000. The Company's regulatory Tier 1
Capital to average assets ratio was 5.78% as of March 31, 2001, compared to 5.88% as of December 31, 2000.

18

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Liquidity

The Bank closely monitors its liquidity so that the cash requirements for loans and deposit withdrawals are met in an economical manner. Management monitors
liquidity in relation to trends of loans and deposits for short term and long term requirements. Liquidity sources are cash, deposits with other banks, overnight Federal Funds investments, unpledged
interest bearing deposits at other banks, investment securities and the ability to sell loans. As of March 31, 2001 liquid assets as a percentage of deposits were 10.7% compared to 8.4% as of
December 31, 2000.

Part II OTHER INFORMATION

Item 1 Legal Proceedings

None to report.

Item 2 Changes in Securities

None to report.

Item 3 Defaults upon senior securities

None to report.

Item 4 Submission of matters to security holders

None to report.

Item 5 Other information

None to report.

Item 6 Exhibits and Reports from 8-K

None to report.

19

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(SIGNATURES)

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.

|     |  |              |  | Community Bancorp Inc.                                                               
|---- |  | ------------ |  | -------------------------------------------------------------------------------------
|     |  |              |  | (Registrant)                                                                         
|Date |  | May 14, 2001 |  | /s/THOMAS E. SWANSONThomas E. Swanson President and Chief Executive Officer          
|Date |  | May 14, 2001 |  | /s/L. BRUCE MILLS, JR.L. Bruce Mills, Jr. Sr. Vice President, Chief Financial Officer

20

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EXHIBIT INDEX

|Exhibit No. |  | Exhibit
|----------- |  | -------
|None        |  |        

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