Income statement

(Amount expressed in CHF 1’000)

Year under Previous review year Change

REVENUES AND EXPENSES FROM ORDINARY BANKING ACTIVITIES

Result from interest activities

Interest and discount income 6’935 5’662 1’273 Interest and dividend income on trading portfolios 12 28 –16 Interest and dividend income on financial investments 496 496 Interest expense –652 –575 –77

Net interest income (subtotal) 6’791 5’611 1’180

Result from commission and service fee activities

Commission income on lending activities 132 139 –7 Commission income on securities and investment transactions 18’131 16’093 2’038 Commission income on other services 2’364 2’346 18 Commission expenses –1’861 –1’344 –517

Result from commission and service fee activities (subtotal) 18’766 17’234 1’532

Result from trading operations 2’392 2’661 –269

Other ordinary results

Results from the sale of financial investments 1 211 –210 Participation income 602 530 72 Real estate income 162 57 105 Other ordinary income 86 4 82 Other ordinary expenses –1 1

Other ordinary results (subtotal) 851 801 50

Net revenues 28’800 26’307 2’493

Operating expenses Personnel expenses

–13’836 –13’528 –308 Other operating expenses –5’819 –5’500 –319

Total operating expenses (subtotal) –19’655 –19’028 –627

Gross Profit 9’145 7’279 1’866

NET INCOME

Gross Profit 9’145 7’279 1’866 Depreciation of fixed assets –1’589 –1’656 67 Valuation adjustments, provisions and losses –575 –522 –53 Intermediate result 6’981 5’101 1’880 Extraordinary income 1’470 837 633 Extraordinary costs –500 –500 Taxes –1’765 –1’425 –340 Net income 6’186 4’513 1’673

Appropriation of retained earnings

(Amount expressed in CHF 1’000) Net income Retained earnings

Total

Year under Previous review year Change

6’186 4’513 1’673 848 535 313

7’034 5’048 1’986

Proposal for appropriation on retained earnings

Allocation to general legal reserve 500 500 Allocation to other reserves 2’100 1’200 900 Dividend 3’500 2’500 1’000

To be brought forward 934 848 86