1380712--3/23/2007--1st_Pacific

related topics

{cost, operation, labor}

{condition, economic, financial}

{competitive, industry, competition}

{acquisition, growth, future}

{loss, insurance, financial}

{loan, real, estate}

{personnel, key, retain}

{tax, income, asset}

{stock, price, share}

Fluctuations in interest rates could reduce our income, cash flows and asset values. Economic conditions either nationally or locally in areas in which our operations are concentrated may adversely affect our business. Our small business customers may lack the resources to weather a downturn in the economy. Our financial condition and results of operations would be adversely affected if our allowance for loan losses is not sufficient to absorb actual losses or if we are required to increase our allowance. Competition with other banks and other financial institutions may decrease our growth or profits. We operate in a highly regulated industry, which adds significant costs to our operations. We rely on our management and other key personnel, and the loss of any of them may adversely affect our operations. Failure to implement new technologies in our operations may adversely affect our growth or profits. An investment in our common stock is not an insured deposit. We plan to continue to grow and there are risks associated with growth. Our legal lending limits are relatively low and restrict our ability to compete for larger customers. We may be unable to consummate our proposed merger with Landmark National Bank. We may not be able to achieve the benefits and efficiencies expected as a result of our anticipated acquisition of Landmark National Bank. Uncertainty regarding the merger may result in the loss of the employees and customers of either Landmark or us prior to the completion of the merger.

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1380712--3/23/2007--1st_Pacific_Bancorp