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Crescent Banking Company

Crescent Banking Company is listed on NASDAQ (CSNT). . Crescent Banking Company (Crescent), which is the parent holding company of Crescent Bank & Trust Company (Crescent Bank or the Bank), Crescent Mortgage Services, Inc. (CMS) and Crescent Capital Trust I; . Crescent Bank, a community-focused commercial bank; . CMS, a mortgage banking company; and . Crescent Capital Trust I, a Delaware statutory business trust. In 2004, the Company conducted nearly all of its business through Crescent Bank and will continue to do so in 2005. On December 31, 2003, the Company completed the sale of its wholesale residential mortgage business conducted by CMS to Carolina Financial Corporation (Carolina Financial) and its subsidiary Crescent Mortgage Corporation (CMC).

Crescent Financial Corporation

Crescent Financial Corporation is listed on NASDAQ (CRFN). Crescent Financial Corporation (the Registrant) was incorporated under the laws of the State of North Carolina on April 27, 2001, at the direction of the Board of Directors of Crescent State Bank, for the purpose of serving as the bank holding company for the Bank and became the holding company for the Bank on June 30, 2001. To become the Bank's holding company, Registrant received approval of the Federal Reserve Board as well as the Bank's shareholders. Upon receiving such approval, each share of $5.00 par value common stock of the Bank was exchanged on a one-for-one basis for one share of $1.00 par value common stock of the Registrant. The Registrant operates for the primary purpose of serving as the holding company for the Bank. The Registrant's headquarters are located at 1005 High House Road, Cary, North Carolina 27513.

Dycom Industries Inc. .. services. These services are provided throughout the United States and include engineering, construction, maintenance and installation services to te..

Envoy Communications Group Inc. ..al consumer and retail branding company with offices in North America and Europe. Envoy conducts its branding services through its wholly-owned subsid..

99 CENTS ONLY STORES ..nsumable general merchandise with an emphasis on name-brand products. The Companys stores offer a wide assortment of regularly available consumer good..

Embrex Inc. ..ural biotechnology company engaged in the development of innovative in ovo (in the egg) solutions that meet the needs of the global poultry industry. ..

eOn Communications Corporation ..elops and markets unified voice, email and Web-based communications systems and software for customer contact centers and general business application..

Everlast Worldwide Inc. .. constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Sections 21E of the Exchange Act. Such forward-look..

Energy West Inc. ..tility, with certain non-utility operations conducted through its subsidiaries. The Company was originally incorporated in Montana in 1909. The Compan..

Liberte Investors Inc. ..s) is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. We currently write non-standar..

Feldman Mall Properties Inc. ..d, self-administered and self-managed real estate company formed in July 2004 to continue the business of Feldman Equities of Arizona to acquire, reno..

Fairfax Financial Holdings Ltd ..inancial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, investment managemen..

Leesport Financial Corporation .. headquartered at 1240 Broadcasting Road, Wyomissing, Pennsylvania 19610. The Company was organized as a bank holding company on January 1, 1986. The ..

FoxHollow Technologies Inc. ..evices primarily for the treatment of peripheral artery disease. PAD results from the accumulation of plaque in arteries, most commonly occurring in t..

Frontier Financial Corporation ..tion) is a Washington corporation which was incorporated in 1983 and is registered as a financial holding company under the Bank Holding Company Act o..

Franklin Street Properties Corp. ..ch we will refer to as FSP Corp. or the Company, is a Maryland corporation that operates in a manner intended to qualify as a real estate investment t..

Gladstone Investment Corporation ..ted under the General Corporation Laws of the State of Delaware on February 18, 2005. On June 22, 2005 we completed an initial public offering and com..

Grill Concepts Inc. ..t otherwise requires, as used herein, the Company, we, our, or us, means Grill Concepts, Inc., a Delaware corporation and its subsidiaries. GENERAL Gr..

Glen Burnie Bancorp ..anized in 1990 under the laws of the State of Maryland. It presently owns all the outstanding shares of capital stock of The Bank of Glen Burnie, a co..

GoAmerica Inc. ..vice provider, offering solutions primarily for consumers who are deaf, hard of hearing and-or speech-impaired, including wireless subscription and va..

GP Strategies Corporation ..aware in 1959. The Company is a New York Stock Exchange listed company traded under the symbol GPX. Prior to November 24, 2004 the Company had five op..

Genco Shipping & Trading Limited .. in the Marshall Islands. We transport iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Our fleet cons..

Hampshire Group Limited ..ware corporation, is a holding company that markets apparel through two wholly-owned subsidiaries, Hampshire Designers, Inc. (Hampshire Designers) and..

Healthcare Technologies Ltd. ..liability company under the law of the state of Israel in May 1988. The Company's principal executive offices are located at Beit Amargad, 32 Shaham S..

Harolds Stores Inc. ..ries, through a chain of ladies and mens specialty apparel stores in 19 states, offers high-quality, classically inspired apparel to the upscale, qual..

Hutchinson Technology Incorporated ..an Hutchinson Technology Incorporated and its subsidiaries. Unless otherwise indicated, references to 2006 mean our fiscal year ending September 24, 2..

HOSPIRA INC ..edication delivery company that is focused on products that improve the productivity, safety and efficacy of patient care in the acute care setting. H..

Hutchison Telecommunications International Limited ..rovider of mobile and fixed-line telecommunications services. We currently serve eight markets around the world: Hong Kong, Macau, India, Israel, Thai..

Icagen Inc. ..discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets. Ions are charged par..

INFINEON TECHNOLOGIES AG ..cal Year The business name of the company is Infineon Technologies AG. º (2) º The companys registered place of business is Munich. º (3) º The fiscal..

I-many Inc. ..oking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, ..

World Fuel Services Corporation ..in Florida in July 1984 and along with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10-K as World Fuel, we,..

IRIDEX Corporation ..e diseases in ophthalmology and skin conditions in dermatology (also referred to as aesthetics). Our products are sold in the United States predominan..

Insignia Systems Inc. ..ing products, programs and services to retailers and consumer packaged goods manufacturers. The Company has been in business since 1990. Since 1998, t..

Invitrogen Corporation .. 1987 and incorporated in California in 1989. In 1997 we reincorporated as a Delaware corporation. Our principal offices are in Carlsbad, California. ..

JOHNSON & JOHNSON .. people worldwide, is engaged in the manufacture and sale of a broad range of products in the health care field. Johnson & Johnson has over 200 subsid..

Key Technology Inc. ..r of vegetable processing equipment. The Company has evolved into a worldwide supplier of process automation solutions to the food processing industry..

Carmike Cinemas Inc. ..s in the United States. As of December 31, 2004, we owned, operated or had an interest in 282 theatres with 2,188 screens located in 36 states, making..

Koss Corporation ..ation and its consolidated subsidiaries, unless the context otherwise requires. The Company was incorporated in Delaware in 1971. The Company operates..

K-Tron International Inc. ..tion founded in 1964, and our Common Stock trades on the Nasdaq National Market under the symbol KTII. We are engaged in one principal business segmen..

Lehman Brothers Fin SA ..ehman Brothers Holdings Inc., a Delaware corporation, incorporated on December 29, 1983. Holdings and its subsidiaries are collectively referred to as..

LMI Aerospace Inc. ..achining, finishing and integrating formed, close tolerance aluminum and specialty alloy components and sheet metal products for use by the aerospace,..

Leucadia National Corporation ..ed in a variety of businesses, including telecommunications, healthcare services, manufacturing, banking and lending, real estate activities, winery o..

MACC Private Equities Inc. ..e corporation on March 3, 1994. It is qualified as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940..

J. W. Mays Inc. ..treet, Brooklyn, New York 11201, operates a number of commercial real estate properties, which are described in Item 2 Properties. The Companys busine..

McDermott International Inc. ..ed under the laws of the Republic of Panama in 1959 and is the parent company of the McDermott group of companies, which includes: . J. Ray McDermott,..

Allstate Corporation (The) ..e laws of the State of Delaware on November 5, 1992 to serve as the holding company for Allstate Insurance Company. Its business is conducted principa..

Multimedia Games Inc. ..electronic games, and gaming terminals for the Native American gaming market, as well as for the growing racetrack casino, charity and commercial bing..

MIVA Inc. ..providing e-commerce solutions since 1998. We offer proprietary performance-based marketing and commerce enabling services that help businesses of all..

Modine Manufacturing Company ..chnology, serving the vehicular, industrial, commercial, electronic and building HVAC (heating, ventilating, and air conditioning) markets. Modine dev..

Monongahela Power Company ..ns and operates electric generation facilities and delivers electric and natural gas services to customers in Pennsylvania, West Virginia, Maryland, V..

Marvell Technology Group Ltd. ..high-performance analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits. Our diverse product portfolio includ..

MITY Enterprises Inc. ..markets premium quality, innovative institutional furniture created to meet the efficiency needs of its customers. The Companys product lines include ..

Nabors Industries Inc. ..the world, with almost 600 land drilling rigs. We conduct oil, gas and geothermal land drilling operations in the U.S. Lower 48 states, Alaska, Canada..

Nordson Corporation ..producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during ..

National Home Health Care Corp. ..poration that is a provider of home health care and staffing services in the Northeast region. INDUSTRY OVERVIEW United States health care spending co..

Ninetowns Digital World Trade Holdings Limited ..se formed under PRC law on March 22, 1995, focused on the research and development of software related to the declaration process, in addition to sell..

Numerex Corp. ..achine-to-machine (M2M) communications, delivering comprehensive wireless solutions over the company's proprietary wireless data network, CellemetryXG..

Northern States Power Co Minnesota ..wned five utility subsidiaries that serve electric and natural gas customers in 11 states. Four of these utility subsidiaries are SEC registrants, inc..

Naugatuck Valley Financial Corporation ..he capital we raised in our 2004 stock offering may negatively impact our stock price. Return on equity, which equals net income divided by average eq..

New York Community Bancorp Inc. ..mpany for New York Community Bank and the fourth largest thrift in the nation, with assets of $24.0 billion at December 31, 2004. The Bank is the lead..

Omega Flex Inc. ..TS Certain statements in this Annual Report on Form 10-K that are not historical facts - but rather reflect our current expectations concerning future..

OMNI Energy Services Corp. ..ld service company specializing in providing a range of (i) onshore seismic drilling, operational support, permitting, survey and helicopter support s..

Pamrapo Bancorp Inc. ..are law on June 26, 1989 and changed its state of incorporation from Delaware to New Jersey on March 29, 2001. On November 10, 1989, the Registrant ac..

Procter & Gamble Company (The) ..corporated herein by reference to Management's Discussion and Analysis, which appears on pages 25-40; Note 1, Summary of Significant Accounting Polici..

Popular Inc. ..nk holding company, registered under the Bank Holding Company Act of 1956, as amended (the BHC Act) and, accordingly, subject to the supervision and r..

Polaris Industries Inc. ..poration, was formed in 1994 and is the successor to Polaris Industries Partners LP. The term Polaris as used herein refers to the business and operat..

Rural-Metro Corporation ..cal transportation services, which consist primarily of emergency and non-emergency medical transportation services. We believe we are the only multi-..

Renovis Inc. ..drugs to treat neurological diseases and disorders. The Company was incorporated in Delaware in January 2000. We currently focus our research and deve..

Scailex Corporation Ltd. ..al name is Scitex Corporation Ltd. and our legal form is a company limited by shares. We were incorporated under the laws of the State of Israel on No..

Stone Energy Corporation .. engaged in the acquisition and subsequent exploration, development, operation and production of oil and gas properties located in the conventional sh..

Suntron Corporation ..g services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, industria..

S1 Corporation ..incorporated into this annual report on Form 10-K by reference contain forward-looking statements within the safe harbor provisions of the Private Sec..

Syntroleum Corporation ..chnology to acquire and cause the production of stranded energy assets in various regions of the world. We are focusing our efforts on: . projects tha..

Tel-Instrument Electronics Corp. ..business since 1947. Tel is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, ge..