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To: Bucky Katt who wrote (34323)	4/24/2007 3:58:03 PM
From: Skywatcher	Respond to of 48461

really put a crimp in the portfolio today...but now I feel better and actually ADDED at .85 SMABW/s First Quarter 2007 Highlights (compared to first quarter 2006) * Revenues increased 39% to $5.4 million. * Net interest income before provision for loan losses grew 34% to $4.9 million. * Net interest margin at March 31, 2007 was 4.58%. * Completed the merger with Independent Community Bank. * Loans grew 81% to $445 million. * Total deposits rose 95% to $455 million. * Assets increased 98% to a record $609 million. * Credit quality remains stable with nonperforming assets representing 0.22% of total assets. * Opened three branches during the quarter. Total branches, 13. * Added to our infrastructure of employees from 102 to 113. * Our mortgage brokerage subsidiary Sun American Financial, LLC began full operations. * Book value grew to $3.92 from $3.25. Loan and deposit growth both organically and through the asset acquisition of Beach Bank and the merger with Independent Community Bank, contributed to an 81% increase in our loan portfolio and a 95% increase in our deposit base for the quarter ended March 31, 2007 compared to a year earlier. Provision for loan losses was nil for the three months ended March 31, 2007, compared to $432,000 for the three months ended March 31, 2006.

To: Bucky Katt who wrote (34323)	4/25/2007 12:27:47 AM
From: joseffy	Read Replies (1) \| Respond to of 48461

Can you translate this? SEC won't file stock options case against Apple Reuters ^ \| 04/24/2007 yahoo.reuters.com WASHINGTON, April 24 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it would not file an enforcement action against Apple Inc. in connection with the agency's stock-options dating investigation, citing the company's "extraordinary" cooperation. "Apple's cooperation consisted of, among other things, prompt self-reporting, an independent internal investigation, the sharing of the results of that investigation with the government, and the implementation of new controls designed to prevent the recurrence of fraudulent conduct," the SEC said in a statement. The SEC filed a lawsuit on Tuesday against Apple's former general counsel for allegedly backdating stock options, and settled an options dating case with Apple's former chief financial officer.