General Information

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April 18, 2006

Commerce National Bank Reports Results for 2005

Hull Davis, Chairman and CEO reported the operating results for 2005 to the shareholders at the annual meeting held April 18, 2006. Net income for the bank increased 7% to $1,394,000. Net income for 2004 was $1,319,000. This translates to a per share earning of $33.11 vs $31.63 and a 20.42% return on average equity.

From 2005 net income, the bank distributed, through Commerce Holding Corporation, $18.00 per share to each shareholder. In the last three years (2003 - 2005), your Bank has distributed $46.30 per share to each shareholder. This is 46.30% of the original investment of $100 per share for each shareholder. The Bank's total assets increased $5.8 million to $69,347,000; deposits increased $5.6 million to $61,559,000; and at year-end, the Bank's capital was $7.18 million.

Mr. Davis wishes to thank each shareholder and all of the customers of Commerce National Bank for their continued support.

April 19, 2005

Commerce National Bank Reports Results for 2004

Hull Davis, Chairman and CEO reported the operating results for 2004 to the shareholders at the annual meeting held April 19, 2005. The bank's net income of $1,319,000 was a 34% increase over 2003 net income of $982,000. Earnings per share for 2004 rose to $31.63 vs $23.77 for the prior year, and the return on average equity was 20.95%.

From 2004 net income, the bank distributed, through Commerce Holding Corporation, $16.80 per share to each shareholder. The bank's total assets increased $4.3 million to $63,531,000 and deposits increased $3.9 million to $56,781,000. At year-end the bank's capital was $6.75 million.

Mr. Davis wishes to thank each shareholder and all of the customers of Commerce National Bank for their continued support.

April 1, 2004

Commerce National Bank Reports Net Income Up 116% Over Prior Year

Hull Davis, Chairman and CEO reported that the bank's net income of $982,000 for 2003 was a 116% increase over 2002 net income of $454,000. This translates to a per share earning of $23.77 vs. $11.10, and a 19.18% return on average equity. The bank converted to an "S" corporation on January 1, 2003 to make 2003 its first complete year of operations as a subchapter S corporation.

The bank's total assets increased $5.9 million to $59,228,000 and deposits increased $5.4 million to $52,132,000. At year-end the bank's capital was $6 million.

According to Davis, the strong performance was the direct result of our dedicated team of professional bankers who work hard each day to make Commerce National Bank the best bank it can be. These employees are the bank's greatest assets. Mr. Davis also issued his personal thanks to the shareholders and customers of Commerce National Bank for their continued support.

March 18, 2003

Commerce National Bank Reports Record Results for 2002

Commerce National Bank had another great year in 2002. Total revenue increased by 12.2% over last year to $3.6 million. Net income of $454,000 or $11.10 per share was up 22% over 2001.

The bank's assets grew by $9.2 million to $53.2 million and deposits increased $7.4 million to $46.7 million. At year end, the bank's capital was $5.2 million.

Chairman and CEO Hull Davis attributed the bank's strong performance to the dedicated team of professional bankers for making Commerce National Bank the best bank it can be. Mr. Davis also issued his personal thanks to the shareholders and customers of Commerce National Bank for their continued support which makes the success of the bank possible.

January 15, 2002,

Commerce National Bank Reports Net Income Up 42% Over Prior Year

Net income increased 42 percent to $371,952, or $9.22 per share for the year ended December 31, 2001, as compared to net income of $262,646 or $6.57 per share for the previous year.

Total assets grew $10,925,439 or 33% during 2001 and equaled $44,094,523 at December 31, 2001. Loan growth was strong as loans increased $6,534,496 or 33% to $26,147,962 at year-end. Deposits grew by 36% or $10,373,278 during the year and totaled $39,224,626 at year-end. Capital equaled $4,510,634 or for a strong capital ratio of 10.23%.