Server: Netscape-Enterprise/3.0F Date: Thu, 18 Dec 1997 12:45:12 GMT Content-type: text/html Last-modified: Wed, 08 Oct 1997 19:34:02 GMT Content-length: 12234 Accept-ranges: bytes Connection: close Foothill Independent Bank

fib_logo_med.gif
Bancorp_text.gif
ceo_small.gif


Foothill Independent Bancorp, with it principal operating subsidiary, Foothill Independent Bank, was established in 1973, and is headquartered at 510 S. Grand Avenue, Glendora, California. Stock listing: NASDAQ, symbol: FOOT.

Focused commitment to long term banking relationships has proven to be our successful marketing niche. We believe relationship banking, in the manner we provide it, is a niche which will only increase as others continue to decrease efforts in this area. Our customers have the choice of banking with a professional, friendly teller or the 24 hour convenience of automation. Foothill's customer recognizes that the, "...customer is our primary reason for being," and seeks just that. Our commitment to you, our customer; competitive products delivered with incomparable service. Foothill Independent Bank is insured by the Federal Deposit Insurance Corporation Bank Insurance Fund.

Directors

William V. Landecena
Chairman

George E. Langley
President, CEO

Richard H. Barker

Charles G. Boone

O. L. Mestad

Douglas F. Tessitor

Max E. Williams


Investor Relations
Representative

Susan Hickam
Officers

George E. Langley
President, CEO

Donna Miltenberger
Executive Vice President

Tom Kramer
EVP/Secretary

Carol Ann Graf
First VP, CFO


Executive Team

George E. Langley
President, CEO

Donna Miltenberger
EVP, Chief Operating Officer
Tom Kramer
EVP, Chief Credit Officer






FOOTHILL INDEPENDENT BANCORP

Consolidated Statements of Condition
June 30, 1997 and 1996
(Unaudited)


Dollars in Thousands
ASSETS 1997 1996
Cash and Due from Banks $ 39,706 $ 38,865
Investment Securities 61,370 53,332
Federal Funds Sold 19,600 14,690
Loans and Leases, Net 277,508 263,806
Bank Premises and Equipment 8,041 7,487
Interest Receivable and Other Assets 14,677 13,256
Total Assets
$420,902 $391,436
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
Demand
$120,135 104,758
Other Deposits
258,547 251,105
Total Deposits
378,682 355,863
Accrued Expenses and Other Liabilities 3,247 2,754
Total Liabilities
381,929 358,617
Shareholders' Equity
Common Stock
22,667 15,065
Retained Earnings
16,306 17,754
Total Shareholders' Equity
38,973 32,819
Total Liabilities and Shareholders' Equity $420,902 $391,436



Condensed Statement of Condition
Six Months Ended June 30, 1997 and 1996
(Unaudited)


Dollars in Thousands

1997 1996
Total Income $19,918 $ 19,825
Total Expenses 16,490 16,948
Earnings Before Income Tax 3,428 2,877
Provision for Income Taxes 1,277 1,101
Net Earnings 2,151 1,776
Earnings Per Common Share $ 0.43* $ 0.37*
* Adjusted for stock dividends

PRESS RELEASE (Briefs)

    Record Growth & Earnings Continue
    Thursday, July 17, 1997
    The Company today reported results for the period ended June 30, 1997 that again reflect continued overall growth in loans, deposits, and assets and consistently strong earnings. Net earnings increased 21% to $2,151,000 or $0.43 per share for the six-month period ended June 30, 1997 compared to the same six-month period of 1996. Net loans increased 5% to $277,508,000 and total deposits increased 6% to $378,682,000 as compared to the six-month period ended June 30, 1996. George E. Langley, President & CEO stated, "We consistently report increases in earnings. Profitable community banks, such as Foothill that focus on customer service, have greater growth potential in today's 'self-service' banking landscape. Our customer service niche provides unlimited opportunities for long term growth as we strive to build value for our stakeholders."

PRESS RELEASE (Briefs)

    Earnings Increase 37%
    Wednesday, April 16, 1997
    Foothill Independent Bank continues to break earnings records quarter over quarter, year over year. Net earnings increased 37% to $1,133,000 and earnings per share increased 35% to $.23 per share compared to March 31, 1996. The Company's stock continues to climb and averaged $12.50 per share during the first quarter. George E. Langley, President & CEO of the company, stated, "The efforts of Team Foothill, to exceed expectations, are clearly reflected in these results. A large segment of the market seeks our type of banking, relationship over "transaction". Our commitment to customer service, delivered at a higher level, is an integral part of our strategic plan."

PRESS RELEASE (Briefs)

    10% Stock Dividend Declared
    Monday, April 14, 1997
    The Board of Directors declared a 10% stock dividend payable June 20, 1997 to shareholders of record June 6, 1997. George E. Langley, President & CEO, stated, "We had an exceptional year in 1996 particularly with respect to earnings. This 10% stock dividend reflects our strong commitment to build long term shareholder value."

PRESS RELEASE (Briefs)

    Foothill Independent Bank Receives SBA's "504 Achievement" Award
    Friday, March 21, 1997
    The Los Angeles District Office of the U. S. Small Business Administration awarded Foothill Independent Bank the "504 Achievement" Award for its continued efforts in the promotion and education of the financing product throughout the county of Los Angeles and surrounding vicinities. Chief Credit Officer, Tom Kramer, commented, "We are pleased the Small Business Administration recognizes our efforts in assisting customers with SBA lending products."

PRESS RELEASE (Briefs)

    Foothill Independent Bank is Recognized for Advancing the Status of Women
    Thursday, March 20, 1997
    The Bank is the recipient of the "A Business Advancing the Status of Women" award from the Montclair/Inland Valley Soroptomist Organization. Foothill was recognized for promoting programs that enhanced professional growth of women such as special loan programs for women-owned businesses through the Small Business Administration's Women's Pre Qualification Loan Program.


For more information regarding Foothill Independent Bancorp, please sign our Guest Book. Upon request, detailed information will be sent to you.


FIB_but.gif
FIB_but.gif
deposits_but.gif
loans_but.gif
FYI_button
Human Resources button
guestbook_but.gif

| Foothill Independent Bancorp | Deposits | Loans | FYI | Human Resources | Guestbook |

equal housing lender
Send mail to info@foothillindbank.com with questions or comments.
Copyright © 1996, 1997 Foothill Independent Bank
All righst reserved.
FDIC