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The past year was a solid one for Black Mountain Community Bank. We celebrated the bank's fifth anniversary and our visibility was enhanced significantly when our office building was officially named for the bank. By year-end 2005, our bank again achieved record earnings performance.

Entrepreneurship is at the core of what we do and likewise the entrepreneurial spirit is strong in southern Nevada. In five years, we have funded a number of new businesses and many of them are now setting records of their own.

A construction company, founded in 2000 like our bank, was the recipient of one of our first commercial lines of credit. Last year, its sales exceeded $200 million. A new landscaping business, started in 2003 as a husband and wife team with a small line of credit, now has revenues of $6 million per year. Their business relationships with our bank continue to grow.

We are also actively engaged with our City government. Most of downtown Henderson is more than 40 years old and, until recently, looked its age. The City has been purchasing land around City Hall for several years, creating a redevelopment district. We have funded several construction and term loans for new office and retail buildings in the redevelopment district as well as a 52-unit condominium project adjacent to City Hall. Additionally, we sponsored the preparation of a generic set of loan documents for the City to use for one of its loan programs.

We started the bank five years ago with eight employees and seven of those founding employees are still here. That's loyalty. While 2005 was a milestone year for us, we believe the best years are yet to come.