Thanks to a stronger first quarter however, net income for firstsix months as a whole was $542,246 or 41 cents a basic share, a 10%increase over net income of $490,970 or $.36 per share for thefirst six months of 1999. Fully diluted earnings per share rose 16percent, from 31 cents a share for the first six months of 1999 to36 cents a share for the first six months of 2000.

Loans outstanding at June 30, 2000 increased 26% to $55.6million from $44.1 million outstanding a year earlier. Leases,however, declined 19% from $16.6 million in 1999 to $13.5 millionat June 30, 2000, due primarily to the sale of $3.9 million ofleases between June 30, 1999 to June 30, 2000. A tightening ofunderwriting standards undertaken by the company alsocontributed.

D. Michael Jones, Soure Capital president and CEO, acknowledged"very disappointing" income performance by its leasing operations,primarily caused by the need to write down or write off severalleases in the second quarter. Loans and leases more than 90 daysdelinquent as to principal or interest equaled 3.97% of loans andleases outstanding at June 30, 2000.

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