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<br />FIRREASTATEMENT <br /> <br />As per FIRREA bulletin #94-55, last updated June 7, 1994, the OCC, FRB, FDIC and <br />OTS have agreed to reduce the original FIRREA supervisory appraisal standards from 14 to 5. <br />The accompanying appraisal does meet or exceed the following FIRREA Standards: <br /> <br />1. Complies with Uniform Standards for Professional Appraisal Practice (USPAP). <br /> <br />2. Is sufficiently written and informative to support the institution's lending decision. <br /> <br />3. Analysis, deductions and! or discounts are appropriateJy discussed, when necessary . <br /> <br />4. Is based on the definition of Market Value as stated earlier in this appraisal. <br /> <br />5. This appraisal was performed by a State licensed or Certified appraiser. <br /> <br />I <br />I. <br /> <br />I I <br /> <br />40 <br />