1st State Bancorp Inc Sample Contracts

1st State Bancorp Inc – PRESS RELEASE - NOVEMBER 17, 2004 FOR IMMEDIATE RELEASE 1ST STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. MCGILL, PRESIDENT (336) 227-8861 1st STATE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM BURLINGTON, NORTH CAROLINA 1st STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), announced that it is commencing a stock repurchase program to acquire up to 296,232 shares of the Corporation's common stock, which represents approximately 10% of the outstanding common stock. The program will be dependent upon market conditions and there is no guarantee as to the (November 18th, 2004)
1st State Bancorp Inc – PRESS RELEASE - APRIL 26, 2004 FOR IMMEDIATE RELEASE 1st STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. McGILL (336) 227-8861 1st STATE BANCORP, INC. ANNOUNCES QUARTERLY EARNINGS BURLINGTON, NORTH CAROLINA 1st STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), the holding company for 1st State Bank, has reported earnings for the quarter ended March 31, 2004. Net income for the quarter ended March 31, 2004 decreased to $779,000 from net income of $997,000 earned in the quarter ended March 31, 2003. Basic and diluted earnings per share were $0.28 and $0.26 per (April 27th, 2004)

Selected Financial Data: March 31, September 30, (in thousands - unaudited) 2004 2003 ---- ---- Total assets $ 362,869 362,640 Loans receivable, net 230,584 225,725 Loans held for sale 1,244 645 Investment securities 107,192 110,541 Cash and cash equivalents

1st State Bancorp Inc – PRESS RELEASE - OCTOBER 27, 2003 FOR IMMEDIATE RELEASE 1st STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. McGILL (336) 227 - 8861 1st STATE BANCORP, INC. ANNOUNCES INCREASED EARNINGS BURLINGTON, NORTH CAROLINA 1st STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), the parent holding company for 1st State Bank, has reported earnings for the quarter and year ended September 30, 2003. Net income for the year ended September 30, 2003 increased 3.1% to $3,920,000, from net income of $3,802,000 earned in the year ended September 30, 2002. Basic and diluted earning (October 28th, 2003)

1st STATE BANCORP, INC. (NASDAQ: FSBC) SUMMARY OF FINANCIAL HIGHLIGHTS SELECTED FINANCIAL DATA: SEP 30, SEP 30, (IN THOUSANDS - UNAUDITED) 2003 2002 Total assets $ 362,640 $ 350,469 Loans receivable, net 225,725 220,047 Loans held for sale 645 6,798 Investment securities 111,171 89,686 Cash and cash equivalents

1st State Bancorp Inc – PRESS RELEASE - JULY 22, 2003 FOR IMMEDIATE RELEASE 1st STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. McGILL (336) 227 - 8861 1st STATE BANCORP, INC. ANNOUNCES QUARTERLY EARNINGS BURLINGTON, NORTH CAROLINA 1st STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), the holding company for 1st State Bank, has reported earnings of $988,385 for the quarter ended June 30, 2003, an increase of $2,652 from the net income of $985,733 reported in the same quarter a year ago. Basic earnings per share increased $0.03 per share or 9.4% to $0.35 per share for the quarter en (July 24th, 2003)

SELECTED FINANCIAL DATA: JUNE 30, SEP 30, (IN THOUSANDS - UNAUDITED) 2003 2002 Total assets $354,920 $350,469 Loans receivable, net 223,661 220,047 Loans held for sale 9,484 6,798 Investment securities 75,837 89,686 Cash and cash equivalents 32,058 18,865 Deposit accounts 260,211 260,667 Advances from Federal Home Loan Bank 20,000 20,000 Dividend payable 297 241 Total stockholders' equity 63,123 61,569

1st State Bancorp Inc – PRESS RELEASE - APRIL 25, 2003 FOR IMMEDIATE RELEASE 1ST STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. McGILL (336) 227 - 8861 1ST STATE BANCORP, INC. ANNOUNCES INCREASED EARNINGS BURLINGTON, NORTH CAROLINA 1ST STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), the holding company for 1st State Bank, has reported increased earnings for the quarter ended March 31, 2003. Net income for the quarter ended March 31, 2003 increased 7.8% to $997,000, from net income of $925,000 earned in the quarter ended March 31, 2002. Basic earnings per share increased $0.04 pe (April 25th, 2003)

SELECTED FINANCIAL DATA: MARCH 31, SEPTEMBER 30, (IN THOUSANDS - UNAUDITED) 2003 2002 ---- ---- Total assets $347,007 $350,469 Loans receivable, net 223,903 220,047 Loans held for sale 4,151 6,798 Investment securities 73,029 89,686 Cash and cash equivalents 31,425 18,865 Deposit accounts 258,806 260,667 Advances from Federal Home Loan Bank 20,000 20,000 Dividend payable

1st State Bancorp Inc – PRESS RELEASE - MARCH 19, 2003 FOR IMMEDIATE RELEASE 1st STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. MCGILL (336) 227 - 8861 1st STATE BANCORP, INC. INCREASES QUARTERLY DIVIDEND BURLINGTON, NORTH CAROLINA 1ST STATE BANCORP, INC. (NASDAQ: FSBC) The Board of Directors of 1st State Bancorp, Inc. (Nasdaq: FSBC), the parent company of 1st State Bank, have declared an increase in the Company's cash dividend to 10 cents ($0.10) per share, a 25% increase over the previous dividend of 8 cents ($0.08). The increased dividend will be effective beginning with the quarter ended March 31, 200 (March 20th, 2003)
1st State Bancorp Inc – PRESS RELEASE - AUGUST 20, 2002 FOR IMMEDIATE RELEASE 1ST STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. MCGILL, PRESIDENT (336) 227-8861 1ST STATE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM BURLINGTON, NORTH CAROLINA 1 ST STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc. (Nasdaq: FSBC), announced that it is commencing a stock repurchase program to acquire up to 328,961 shares of the Corporation's common stock, which represents approximately 10% of the outstanding common stock. The program will be dependent upon market conditions and there is no guarantee as to the e (August 21st, 2002)
1st State Bancorp Inc – 1ST STATE BANCORP, INC. MANAGEMENT RECOGNITION PLAN ARTICLE I ESTABLISHMENT OF THE PLAN 1.01 The Company hereby establishes this Plan upon the terms and conditions hereinafter stated. 1.02 Through acceptance of their appointment to the Committee, each member of the Committee hereby accepts his or her appointment hereunder upon the terms and conditions hereinafter stated. ARTICLE II PURPOSE OF THE PLAN 2.01 The purpose of the Plan is to reward and retain personnel of experience and ability in key positions of responsibility by providing Employees and Directors of the Company, the Bank, and thei (December 28th, 2000)
1st State Bancorp Inc – 1ST STATE BANCORP, INC. 2000 STOCK OPTION AND INCENTIVE PLAN 1. PURPOSE OF THE PLAN. The purpose of this Plan is to advance the interests of the Company through providing select key Employees and Directors of the Bank, the Company, and their Affiliates with the opportunity to acquire Shares. By encouraging such stock ownership, the Company seeks to attract, retain and motivate the best available personnel for positions of substantial responsibility and to provide additional incentives to Directors and key Employees of the Company or any Affiliate to promote the success of the business. 2. DEFI (December 28th, 2000)
1st State Bancorp Inc – PRESS RELEASE - SEPTEMBER 6, 2000 FOR IMMEDIATE RELEASE: 1ST STATE BANCORP, INC. FOR MORE INFORMATION CONTACT: JAMES C. MCGILL, PRESIDENT & CEO (336) 227-8861 1ST STATE BANCORP, INC. ANNOUNCES RETURN OF CAPITAL BURLINGTON, NORTH CAROLINA 1ST STATE BANCORP, INC. (NASDAQ: FSBC) 1st State Bancorp, Inc., the holding company for 1st State Bank today announced that on September 5, 2000, its Board of Directors declared a special cash distribution in the amount of $5.17 per share. The cash distribution will be payable on October 2, 2000 to stockholders of record as of the close of business on Septembe (September 15th, 2000)
1st State Bancorp Inc – PRESS RELEASE - June 17, 1999 FOR IMMEDIATE RELEASE: (June 29th, 1999)
1st State Bancorp Inc – EMPLOYEES' SAVINGS & PROFIT SHARING PLAN (February 23rd, 1999)
1st State Bancorp Inc – I. Press Release (February 3rd, 1999)
1st State Bancorp Inc – SALES AGENCY AGREEMENT (February 3rd, 1999)
1st State Bancorp Inc – 1999 STOCK OPTION AND INCENTIVE PLAN (February 3rd, 1999)
1st State Bancorp Inc – DEFERRED COMPENSATION PLAN (November 30th, 1998)
1st State Bancorp Inc – ARTICLES OF INCORPORATION (November 30th, 1998)
1st State Bancorp Inc – EMPLOYMENT AGREEMENT (November 30th, 1998)
1st State Bancorp Inc – I. Press Release (November 30th, 1998)
1st State Bancorp Inc – 1999 STOCK OPTION AND INCENTIVE PLAN (November 30th, 1998)
1st State Bancorp Inc – NOTICE OF SPECIAL MEETING OF MEMBERS (November 30th, 1998)