1097081--3/24/2006--1ST_CENTENNIAL

related topics

{loan, real, estate}

{stock, price, share}

{condition, economic, financial}

{loss, insurance, financial}

{personnel, key, retain}

{investment, property, distribution}

{competitive, industry, competition}

{cost, operation, labor}

Changes in economic conditions in our market areas could hurt our business materially. Concentrations of real estate loans could subject us to increased risks in the event of a real estate recession or natural disaster. We may have difficulty managing our growth. Our earnings are subject to interest rate risk. We operate in a competitive market dominated by banks and other financial services providers, many of which have lower cost structures and offer more services. There is a limited public market for our stock, so you may not be able to sell your shares at the times and in the amounts you want. We do not expect to pay significant cash dividends in the future. We may experience loan losses in excess of our allowance for loan losses. All of our lending involves underwriting risks, especially in a competitive lending market. We depend on our executive officers and key personnel to implement our business strategy and could be harmed by the loss of their services. Because of certain change in control provisions in employment and salary continuation agreements, a change in control of our company or our management could be delayed or prevented.

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1097081--3/24/2006--1ST_CENTENNIAL_BANCORP