1143921--3/28/2006--CRESCENT_FINANCIAL

related topics

{loss, insurance, financial}

{condition, economic, financial}

{cost, operation, labor}

{acquisition, growth, future}

{capital, credit, financial}

{personnel, key, retain}

{competitive, industry, competition}

{system, service, information}

We may not be able to maintain and manage our growth, which may adversely affect our results of operations and financial condition and the value of our common stock. A decrease in interest rates could adversely impact our profitability. Our profitability depends significantly on economic conditions in our market area. If we experience greater loan losses than anticipated, it will have an adverse effect on our net income. Liquidity is essential to our business and we rely, in part, on external sources to finance a significant portion of our operations. Our ability to retain and attract qualified employees is critical to the success of our business and the failure to do so may materially adversely affect our performance. New or acquired bank office facilities and other facilities may not be profitable. We are subject to operational risk and an operational failure could materially adversely affect our businesses. In order to be profitable, we must compete successfully with other financial institutions which have greater resources and capabilities than we do. Our securities are not FDIC insured.

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1143921--3/28/2006--CRESCENT_FINANCIAL_CORP