At June 30, total assets were $1.1 billion which was an increase of 19.9 percent or $182.7 million compared to $917.3 million in total assets at June 30, 2006. Total assets increased 12.5 percent or $121.9 million from June 30 compared to December 31, 2006 when total assets were $978.1 million.

Total deposits at June 30, were $838.5 million which was an increase of $126.8 million or 17.8 percent from $711.7 million at June 30, 2006 and an increase of 8.7 percent or $67.2 million as compared to $771.3 million at Dec. 31, 2006. Total gross loans including loans held for sale at June 30 were $747.0 million which was an increase of 12.2 percent or $81.4 million from $665.6 million at June 30, 2006 and an increase of 4.3 percent or $30.9 million as compared to $716.1 million in total loans at Dec. 31, 2006.

“We have been very successful in maintaining high credit quality while growing our loan portfolio,” said Jim Arneson, president and CEO of Venture Bank. “Our focus is on maintaining a quality portfolio of earning assets along with closely monitoring and responding to economic trends.”

The quality of the Company’s assets remains strong. Nonperforming assets as a percentage of total assets declined 21 basis points to 0.07 percent at June 30, from 0.28 percent a year ago, and remained constant at 0.07 percent when compared to Dec. 31, 2006. Nonperforming loans as a percentage of total loans was reduced 23 basis points to 0.09 percent at June 30, from 0.32 percent at June 30, 2006 and decreased slightly from 0.10 percent as of Dec. 31, 2006. The ratio of allowance for credit losses to nonperforming loans was 1345 percent, 1290 percent and 384 percent at June 30, Dec. 31, 2006 and June 30, 2006, respectively.

On July 18, the Board of Directors declared the thirty fourth consecutive quarterly cash dividend, payable on Aug. 10. The dividend of eight and a half cents per share will be payable to all shareholders of record as of July 30.