1097081--3/7/2008--1ST_CENTENNIAL

related topics

{loan, real, estate}

{personnel, key, retain}

{condition, economic, financial}

{stock, price, share}

{loss, insurance, financial}

{investment, property, distribution}

{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. All of our lending involves underwriting risks, especially in a competitive lending market. We may experience loan losses in excess of our allowance for loan losses. We may have difficulty managing our growth. We may not be able to continue to attract and retain banking customers at current levels, and our efforts to compete may reduce our profitability. Our earnings are subject to interest rate risk, especially if rates fall. We do not expect to pay significant cash dividends in the future. 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 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--3/7/2008--1ST_CENTENNIAL_BANCORP