31 Cash dividends paid per common share 0

Except forhistorical information, the matters discussed herein are subject to certainrisks and uncertainties that may affect the Company's actual results ofoperations. The following important factors, among others, could cause actualresults to differ materially from those set forth in forward looking statements:changes in general economic conditions and real estate values in the Company'smarket areas; changes in policies by regulatory agencies; fluctuations ininterest rates; demand for loans and deposits; and competition. Reference ismade to the Company's filings with the SEC for further discussion of risks anduncertainties regarding the Company's business. INTERVEST BANCSHARES CORPORATION Selected Consolidated Financial InformationQuarter Ended Year Ended (Dollars in thousands, except per share amounts)December 31,December 31, 2008 2007 2008 2007Selected Operating Data: Interest and dividend income$31,425$32,185$128,497 $131,916Interest expense 22,266 22,635 90,335 89,653 Net interest and dividend income 9,1599,55038,162 42,263 Provision for loan losses2,69666811,158 3,760Net interest and dividend income after provision for loan losses 6,4638,88227,004 38,503 Noninterest income 6261,7045,0268,825Noninterest expenses 5,8823,77418,873 12,876 Earnings before income taxes 1,2076,81213,157 34,452 Provision for income taxes 7092,9335,89115,012 Net earnings before preferred dividend requirements4983,8797,26619,440 Preferred dividend requirements (1)41 -41 -Net earnings available to common stockholders $457 $3,879 $7,225 $19,440 Basic earnings per common share $0.05$0.48$0.87$2.35 Diluted earnings per common share $0.05$0.48$0.87$2.31 Cash dividends paid per common share$- $- $0.25$0.25 Weighted-average common shares and commonequivalent shares outstanding for computing: Basic earnings per common share8,270,8128,083,5628,259,0918,275,539Diluted earnings per common share (2)8,270,8128,155,4818,267,7818,422,017Common shares outstanding at end of period 8,270,8128,075,8128,270,8128,075,812Common stock options/warrants outstanding at end of period 959,512332,640959,512332,640Yield on interest-earning assets 5.83 6.36 6.01 6.58 Cost of funds4.56 5.01 4.69 4.99 Net interest margin (3)1.70 1.89 1.79 2.11 Return on average assets (annualized)0.09 0.77 0.34 0.96 Return on average common equity (annualized) 1.07 8.76 3.94 11.05 Effective income tax rate58.74 43.06 44.77 43.57 Efficiency ratio (4) 60 34 44 25 Total average loans outstanding $1,705,375 $1,634,379 $1,693,749 $1,601,271Total average securities outstanding$422,053 $353,829 $422,356 $386,797Total average short-term investments outstanding$18,320$19,528$20,297$18,187 Total average interest-earning assets outstanding $2,145,748 $2,007,736 $2,136,402 $2,006,255Total average assets outstanding$2,186,753 $2,023,606 $2,162,719 $2,024,600Total average interest-bearing deposits outstanding $1,783,380 $1,655,292 $1,770,989 $1,641,298Total average borrowings outstanding$160,664 $136,831 $156,017 $156,783Total average interest-bearing liabilities outstanding$1,944,044 $1,792,123 $1,927,006 $1,798,081Total average stockholders' equity$189,066 $177,202 $184,944 $175,881At Dec 31, At Sep 30, At Jun 30, At Mar 31, At Dec 31,Selected Financial Condition Information: 2008 2008 2008 2008 2007Total assets$2,271,833 $2,180,746 $2,207,170 $2,165,017 $2,021,392Total cash and short-term investments $54,903$21,969$16,726$47,229$33,086 Total securities held to maturity $475,581 $410,844 $430,934 $406,727 $344,105Total FRB and FHLB stock$8,901 $10,912$8,428 $7,368 $6,351Total loans, net of unearned fees $1,705,711 $1,691,851 $1,723,213 $1,677,119 $1,614,032Total deposits$1,864,135 $1,734,820 $1,809,683 $1,781,188 $1,659,174Total borrowed funds and accrued interest payable $149,566 $210,551 $168,063 $159,189 $136,434Total preferred equity$23,080 Total common equity $188,894 $186,230 $183,549 $183,703 $179,561Book value per common share $22.84 $22.52 $22.19 $22.21 $22.23Total allowance for loan losses $28,524$25,828$26,609$23,856$21,593 Total loan chargeoffs for the quarter $- $4,227 $- $- $-Total loans ninety days past due and still accruing.$1,964 $- $3,051 $837 $11,853 Total nonaccrual loans$108,610 $82,759$119,078 $97,692$90,756 Total foreclosed real estate$9,081 $25,099$7,272 $4,022 $-Allowance for loan losses/net loans1.67 1.53 1.54 1.42 1.34 (1) Represents accrued dividends on $25 million of 5 cumulative preferredstock issued December 23, 2008 and amortization of related preferredstock discount. (2) Diluted EPS includes shares that would be outstanding if dilutive commonstock options/warrants and convertible debentures were assumed to beexercised/converted during the period. Outstanding options/warrants are dilutive when their exercise price is above the average market price of the Class A common stock during the reporting periods.(3) Net interest margin is reported exclusive of income from loan prepayments, which is included as a component of noninterest income.Inclusive of such income, the margin would compute to 1.73 and 2.12 forthe 2008 and 2007 quarter, respectively, and 1.90 and 2.46 for the year2008 and 2007, respectively.(4) Represents noninterest expenses (excluding the provision for loan losses)as a percentage of net interest and dividend income plus noninterestincome. INTERVEST BANCSHARES CORPORATION Consolidated Financial Highlights At or For The Period Ended($ in thousands, except per share amounts) Year Year Year Year Year EndedEndedEndedEndedEndedDec 31, Dec 31, Dec 31, Dec 31, Dec 31, 20082007200620052004 Balance Sheet Highlights:Total assets $2,271,833 $2,021,392 $1,971,753 $1,706,423 $1,316,751Asset growth rate 12 3 16 30 44 Total loans, net of unearned fees$1,705,711 $1,614,032 $1,490,653 $1,367,986 $1,015,396Loan growth rate6 8 9 35 51 Total deposits $1,864,135 $1,659,174 $1,588,534 $1,375,330 $993,872Deposit growth rate 12 4 16 38 47 Loans/deposits (Intervest National Bank)85 88 84 88 86 Total borrowed funds and accrued interest payable.

$149,566 $136,434 $172,909 $155,725 $202,682Preferred equity $23,080$- $- $- $-Common equity$188,894 $179,561 $170,046 $136,178 $90,094 Common shares outstanding (1) 8,270,8128,075,8128,371,5957,823,0586,271,433Common book value per share$22.84 $22.23 $20.31 $17.41 $14.37Market price per common share$3.99$17.22 $34.41 $24.04 $19.74Asset Quality Highlights Nonaccrual loans $108,610 $90,756$3,274 $750 $4,607Loans ninety days past due and still accruing$1,964 $11,853$- $2,649 $-Foreclosed real estate $9,081 $- $- $- $-Allowance for loan losses$28,524$21,593$17,833$15,181$11,106 Loan recoveries$- $- $- $- $-Loan chargeoffs$4,227 $- $- $- $-Allowance for loan losses / net loans 1.67 1.34 1.20 1.11 1.09 Statement of Operations Highlights:Interest and dividend income $128,497 $131,916 $128,605 $97,881$66,549 Interest expense90,335 89,653 78,297 57,447 38,683 Net interest and dividend income38,162 42,263 50,308 40,434 27,866 Provision for loan losses 11,158 3,7602,6524,0754,526Noninterest income5,0268,8256,8556,5945,140Noninterest expenses18,873 12,876 13,027 10,703 8,251Earnings before income taxes13,157 34,452 41,484 32,250 20,229 Provision for income taxes5,89115,012 17,953 14,066 8,776Net earnings before preferred dividend requirements$7,266 $19,440$23,531$18,184$11,453 Preferred dividend requirements (2) 41 Net earnings available to common stockholders$7,225 $19,440$23,531$18,184$11,453 Basic earnings per common share$0.87$2.35$2.98$2.65$1.89 Diluted earnings per common share$0.87$2.31$2.82$2.47$1.71 Adjusted net earnings used to calculate$7,225 $19,484$23,679$18,399$11,707 diluted earnings per common shareAverage common shares used to calculate: Basic earnings per common share 8,259,0918,275,5397,893,4896,861,8876,068,755Diluted earnings per common share 8,267,7818,422,0178,401,3797,449,6586,826,176Net interest margin (3) 1.79 2.11 2.75 2.70 2.52 Return on average assets0.34 0.96 1.28 1.20 1.02 Return on average common equity 3.94 11.05 15.82 16.91 14.14 Effective income tax rate 44.77 43.57 43.28 43.62 43.38 Efficiency ratio (4)44 25 23 23 25 Full-service banking offices77766(1) The increase in shares in 2008 is comprised of 195,000 shares from theexercise of Class B common stock warrants.(2) Represents accrued dividends on $25 million of 5 cumulative preferredstock issued December 23, 2008 and amortization of related preferredstock discount. (3) Net interest margin is reported exclusive of income from loan prepayments, which is included as a component of noninterest income.Inclusive of such income, the margin would compute to 1.90 for 2008, 2.46 for 2007, 3.02 for 2006, 3.04 for 2005 and 2.84 for 2004.(4) Represents noninterest expenses (excluding the provision for loan losses)as a percentage of net interest and dividend income plus noninterestincome. Noninterest expenses for 2006 included a one-time charge of $1.5million Intervest Bancshares CorporationLowell S. Dansker, Chairman, 212-218-2800Fax: 212-218-2808 Copyright Business Wire 2009. National Burrito Chain Looks to San Francisco Agency to Elevate Its Advertisingand Marketing ProgramsDENVER(Business Wire)Chipotle Mexican Grill (NYSE:CMG) (NYSE:CMG.B), the national chain of burritorestaurants known for serving Food with Integrity, has named San Francisco-basedButler, Shine, Stern & Partners (BSSP) as its advertising agency of record.Chipotle chose BSSP after reviewing more than two-dozen agencies and completingprojects with three finalists.

"Our marketing strategy has not kept pace with developments in our food cultureor our unique people culture," said Steve Ells, founder, chairman and co-CEO ofChipotle. BSSPs workfor Chipotle will include a variety of advertising and creative assignments,including traditional and non-traditional executions as well as in-storecommunications, and media planning and buying. "Our search was thorough and methodical, and done in a way that let us workclosely with three different agencies over a few months," said Mark Crumpacker,chief marketing officer of Chipotle. "Through this process, Butler, Shine, Stern& Partners demonstrated not only a great understanding of our brand and ourvision, but also a strong philosophical connection. They are clearly the rightpartner for us at the right time." "Chipotle is a passion brand," said Greg Stern, CEO of BSSP. About ChipotleSteve Ells, founder, chairman and co-CEO, started Chipotle with the idea thatfood served fast did not have to be a typical fast food experience.

Today,Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls (aburrito without the tortilla) and salads made from fresh, high-quality rawingredients, prepared using classic cooking methods and served in a distinctiveatmosphere. Through our vision of Food with Integrity, Chipotle is seekingbetter food not only from using fresh ingredients, but ingredients that aresustainably grown and naturally raised with respect for the animals, the land,and the farmers who produce the food. Chipotle opened its first restaurant in1993 and currently operates more than 800 restaurants For more information,visit chipotle . The agency provides services in advertising, online marketingand web development, brand identity and design, and strategic brand consulting. Spire and HHV develop a strategic relationship to provide theIndian PV Industry with an enhanced portfolio of equipment and servicesBEDFORD, Mass.(Business Wire)Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkeyfactories and capital equipment for manufacturing photovoltaic (PV) modules andcells worldwide, today announced it has finalized a strategic relationship withHind High Vacuum Company Private Limited (HHV) located in Bangalore, India.Spire and HHV shall cooperate to better address the Indian PV industry byoffering a more complete and competitive portfolio of solar manufacturingequipment and service capabilities.