Core deposits, which are defined as noninterest bearing deposits andsavings and interest bearing transaction accounts, amounted to $1.40 billionand represented 69% of total deposits at March 31, 2009.Asset QualityAt March 31, 2009, non-performing assets totaled $27.3 million (1.02% of totalassets). Of the overall total of non-performing assets, $15.1 million (or0.56% of total assets) related to leasing loans. The Allowance for Loan andLease Losses totaled $25.6 million at March 31, 2009, and represented 1.26% oftotal loans, as compared to 1.23% at year-end 2008. During the first quarterof 2009, the Company had net charge-offs of $5.9 million (annualized 1.17% oftotal loans). Of the overall net charge-offs for the first quarter of 2009,$5.3 million related to leasing loans. The Allowance for Loan and Lease Lossesat March 31, 2009 was 108% of non-performing loans.CapitalStockholders' equity was $279.5 million and book value per common share was$9.42 as of March 31, 2009.On February 6, 2009, the Company received $59.0million from the U.S Treasury under the Capital Purchase Program.

As of March31, 2009, the Company's leverage ratio was 10.35%. and global capital markets, changes in economic conditionsnationally, regionally and in the Company's markets, the nature and timing ofactions of the Federal Reserve Board and other regulators, the nature andtiming of legislation affecting the financial services industry, governmentintervention in the U.S financial system, passage by the U.S. Congress oflegislation which unilaterally amends the terms of the U.S. Department of theTreasury's preferred stock investment in the Company, changes in levels ofmarket interest rates, pricing pressures on loan and deposit products, creditrisks of the Company's lending and leasing activities, customers' acceptanceof the Company's products and services and competition.Any statements madeby Lakeland that are not historical facts should be considered to beforward-looking statements.Lakeland is not obligated to update and does notundertake to update any of its forward-looking statements made herein.Non-GAAP Financial MeasuresThe attached table refers to a performance measure, return on tangible commonequity, which has been determined by methods other than in accordance withGAAP. "Return on tangible common equity" is defined as net income as apercentage of average total common equity reduced by recorded intangibleassets.

This measure may be important to investors that are interested inanalyzing our return on common equity exclusive of the effect of changes inintangible assets on equity. The disclosure of return on tangible commonequity should not be viewed as a substitute for results determined inaccordance with GAAP, and is not necessarily comparable to non-GAAPperformance measures which may be presented by other companies. Total revenue represents net interest income(calculated on a tax equivalent basis) plus non-interest income.*** Excludes preferred stock Lakeland Bancorp, Inc. Hurley, EVP & CFO, both ofLakeland Bancorp, Inc., +1-973-697-2000.

Golden State Warriors’ assistant coach Keith Smart's lucky red tie and nifty suit he had put on on NBA Draft Lottery night didn't seem to shed it's magic as the Warriors ended up with the predicted 14th pick.However, the 14th pick might not be as bad as it looks.There are many prospects that might wind up in Oakland this summer that include:D.J. Augustin, 5-11, point guard, Texas, 20: Size is the only question with Augustin, the consummate point guard.Russell Westbrook, 6-4, point guard/shooting guard, UCLA, 19: Good defender and excellent athlete who made vast improvement this year.Darrell Arthur, 6-9, power forward, Kansas, 20: Athletic big man who might thrive outside Kansas' restrictive system. .Chase Budinger, 6-7, shooting guard, Arizona, 20: Great athlete who can shoot and score.After observing these vastly talented players and weighing out the most influential options, I picked Russell Westbrook from UCLA.People might contend that the Warriors are "midgets" and a big body in the middle has to be a priority.However, backtracking to the 2007-2008 season, the Warriors failed to make the playoffs in, the greatest weakness in the team lies in a lack of a proficient back-up point guard.Coming in to last season, the Warriors looked like a complete team, most importantly with a back-up point guard in Troy Hudson to spell Davis some minutes during games.Mid-season Troy Hudson suffered a knee injury and apparently retired. C-J Watson, an outstanding D-League player, joined the team but did not earn the trust of Don Nelson due to the fact that he was a rookie.And we all acknowledge the Nellie rookie paranoia, don't we?Russell Westbrook could conceivably be that point guard that fills in the gap for the high paced Warriors.Westbrook is an athletic and explosive combo guard with the length to make up for his lack of height. Attacks the basket with a lethal first step and crossover ability. He can handle the ball well and gets into the lane effortlessly.Westbrook finishes well at the rim and is unafraid to go up in traffic.