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Shareholder News

The Prospector

March 13, 2013

Dear Shareholder:

With our new year well underway, I would like to report the progress and improvements made last year by Mother Lode Bank. This letter will address and focus upon the fiscal year ending December 31, 2012.

While continuing our vigilant watch on controlling operating expense; we were successful in significantly improving mortgage fee income through our popular mortgage loan products.

Mortgage fee income increased over 118% when compared to 12/31/11 fiscal year end. Needless to say, we are pleased with the additional fee income resulting from the outstanding performance of our mortgage loan team, Lisa Melville, Tammy Hammond, Joyce Stuart and our community!

Other revenue enhancement was realized by improved pricing on our deposit products while remaining the "go to" bank for competitively priced products and unparalleled service provided by our staff.

We are pleased to report net income of $187,300 for Fourth Quarter ending 12/31/12 reducing our year to date 2012 loss to $113,000. As you may recall from your previous shareholder letter, Mother Lode Bank reported net income for the Third Quarter of $11,000. While we are disappointed with our year end loss we are pleased to report continued improvement.

Our progress for 2012 was in large part due to continued core deposit growth allowing Mother Lode Bank the opportunity to purchase US Treasury Securities that we subsequently sold during Fourth Quarter 2012 realizing a net gain of $188,000.

With your continued support as shareholders and depositors we optimistically look forward to 2013.

Your Board of Directors and management team remain committed to serving the local financial needs of our foothill communities and thank you for your continued support as shareholders and customers.

Of course, I would not be able to close without thanking those who have referred friends and neighbors to Mother Lode Bank. We continue to seek new lending opportunities within our community.


Sincerely, Charles W. Milazzo - President & CEO

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