Press Releases


July 21, 2010
Contact: Brad Hunter, (707) 524–3392

Exchange Bank Announces Profitable Second Quarter

Exchange Bank today announced results for the second quarter of 2010 with a profit of $2.7 million for the period, up 14% over the like period in 2009. However, with our many consumer and business customers struggling through this continued economic downturn, we remain cautious in our outlook until the economy reaches further stability.

The first six month profit results of $4.9 million in 2010 represent significant progress when compared to a net loss of $7.9 million in the first six months of 2009. Net interest revenue increased by $2.4 million or 7.3% and non interest expense declined by $1 million or 3.7% when compared to the like period in 2009. “We are pleased to report our fifth consecutive quarterly profit,” stated President and Chief Executive Officer William R. Schrader “Stabilization of the broad economy; the dedication, resiliency and hard work of the Exchange Bank team; and the unwavering support of our community are combining to form the foundation of a steady recovery for the Bank.”


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April 21, 2010
Contact: Brad Hunter, (707) 524–3392

Exchange Bank Announces Profitable First Quarter

Exchange Bank today announced results for the first quarter of 2010 with a profit of $2.1 million for the period.

The first quarter results represent significant progress when compared to a net loss of $10.3 million in the first quarter of 2009. Net interest revenue increased by $1.7 million or 11% and non interest expense declined by $2.3 million or 14% when compared to the like period in 2009. With many consumer and business customers still struggling through the economic downturn, future revenue streams may be uneven until the economy reaches further stability. “We are pleased to report our fourth consecutive quarterly profit,” stated President and Chief Executive Officer William R. Schrader. “Encouraging signs in the broad economy; the dedication, resiliency and hard work of the Exchange Bank team; and the unwavering support of our community are combining to form the foundation of a steady recovery of the Bank.”


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January 28, 2010
Contact: Brad Hunter, (707) 524–3392

Exchange Bank Announces Profitable Fourth Quarter

Exchange Bank today announced results for the fourth quarter of 2009 with a profit of $3.2 million for the period. When combined with earnings of $2.4 million in the second quarter and $816 thousand in the third quarter the Bank ended the year with a loss of $3.8 million. These results represent significant progress in reversing a net loss of $18.5 million for 2008 and a first quarter, 2009 loss of $10.0 million. Core earnings remain strong, with year–end net interest income of $66.2 million and non–interest income at $20.6 million, representing 109% and 110% of the prior year–end amounts, respectively. “Even though we are optimistic about our recovery efforts, we still have many issues to work through in this fragile economic environment,” stated Bill Reinking, Chairman of the Board of Directors.

“We are pleased to report our third consecutive quarterly profit as the challenging work of recovery continues,” stated President and Chief Executive Officer William R. Schrader “Encouraging signs in the broad economy; the dedication, resiliency and hard work of the Exchange Bank team; and the unwavering support of our community are combining to form the foundation of our recovery. Much is left to do, and the economic recovery remains fragile, but we are committed to working with our customers on their credit needs and moving forward by making good loans in our community and providing exceptional banking service to our friends and neighbors throughout Sonoma County.”

At $1.091 billion, loans were down slightly for the year, reflecting reduced loan demand related to the wider economic environment. Deposits were up $27 million, ending the year at $1.316 billion.

“Much has been said about the dramatic and severe challenges facing our industry and our community this past year,” commented William R. Schrader. “We, like many, have been confronted with some of the most difficult conditions seen in our lifetimes. While it would be premature to declare victory, we are proud of our progress and it serves to encourage us as we move forward along a difficult road. As we look toward the New Year, we are also genuinely grateful for the support and encouragement of our community, the dedication and commitment of our employees and the confidence and trust of our customers. The hard work of recovery continues, and we will be unwavering in our resolve to restore increased and sustained profitability.”


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October 21, 2009
Contact: Craig Van Selow, (707) 522–2364

Exchange Bank Announces Profitable Third Quarter

Exchange Bank today announced results for the third quarter of 2009 with a profit of $816 thousand for the period. When combined with earnings of $2.4 million in the second quarter, the bank’s year–to–date loss totals $7.1 million, including an extraordinary charge of $20.0 million taken as an additional provision for loan losses in the first quarter. Considering the loss of $11.5 million in the third quarter of last year, and a loss of $11.0 million for the nine months ending September 2008, this profit in the third quarter compares favorably. Core earnings remain strong, with year–to–date net interest income of $49.2 million and non–interest income at $15.5 million, representing 99% and 102% of the prior year–to–date amounts, respectively.

“We are pleased to report a modest profit this quarter as the challenging work of recovery continues,” stated Chairman and Chief Executive Officer C. William Reinking. “Encouraging signs in the broad economy; the dedication, resiliency and hard work of the Exchange Bank team; and the unwavering support of our community are combining to form the foundation of an early recovery. Much is left to do, and the economic recovery remains fragile, but we believe the worst is, in deed, behind us.”

At September 30, total deposits were $1.322 billion, an increase of $34 million from yearend. When compared to the year–ago period, deposits are down $39 million, reflecting a planned reduction in wholesale and municipal balances. Total loans of $1.123 billion were down from $1.162 billion at yearend and $1.197 billion in the prior year, reflecting reduced loan demand related to the wider economic environment.

“Much has been said about the dramatic and severe challenges facing our industry and our community this past year,” commented president William R. Schrader. “We, like many, have been confronted with some of the most difficult conditions seen in our lifetimes. While it would be premature to declare victory, we are proud of our progress and it serves to encourage us as we move forward along a difficult road. As we look toward the final quarter of a trying year, we are also genuinely grateful for the support and encouragement of our community, the dedication and commitment of our employees and the confidence and trust of our customers. The hard work of recovery continues, and we will be unwavering in our resolve to restore increased and sustained profitability.”


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July 22, 2009
Contact: Craig Van Selow, (707) 522–2364

Exchange Bank Announces Second Quarter Results

Exchange Bank today announced results for the second quarter of 2009 with a profit of $2.4 million for the period. Year–to–date, the bank has a net loss of $7.9 million which includes an extraordinary charge of $20.0 million taken as an additional provision for loan losses in the first quarter. Core earnings remain strong, with year–to–date net interest income of $32.9 million and non–interest income at $9.7 million, representing 98% and 97% of the prior year amounts, respectively.

“We are pleased to have a quarterly report that begins to reflect the underlying strength of our bank,” stated Chairman and Chief Executive Officer C. William Reinking. “There is still a great deal of work ahead of us as we respond to the challenges presented by the most serious economic downturn in our lifetimes. But we are committed, individually and collectively, to acting upon the confidence and trust placed in us by this community and we will work tirelessly toward the restoration of long–term, sustained profitability.”

As with the first quarter, certain non–reoccurring items were present in the results for the period. A positive benefit of $1.1 million is attributed to the recapture of accruals for property contingencies and agency assessments, and gains on the sale of securities.

At June 30, total deposits were $1.345 billion, an increase of $57 million from yearend; up $4 million from the prior–year period. Total loans of $1.140 billion were down from $1.162 billion at yearend and $1.202 billion in the prior year, reflecting reduced loan demand related to the wider economic environment. Commercial loans increased 5% year–over–year to $306 million, up more than $12 million from yearend. Loans related to the construction and development of residential real estate declined to $83 million, approximately 7% of the portfolio, down from more than 12% a year ago.

As part of the Sonoma County Loan Program announced in March, consumer lending in the second quarter increased noticeably. New consumer loan volume, at more than $7 million, increased 110% when compared to the prior quarter and 36% compared to the prior–year period. New home loan volume was $23 million for the quarter, a 78% increase from the prior quarter and a 32% increase in home loan transactions from the second quarter of 2008. For the first half of the year, commitments for new small business lines of credit, at almost $6 million, represent a more than three fold increase over last year.

“We, like many of the individuals and businesses in our community, have faced a dramatic and difficult time over the last year,” commented president William R. Schrader. “The hard work of the Exchange Bank team and the unwavering support of our community have enabled us to post a modest profit this quarter; but our work is certainly not finished. Our capital and liquidity remain strong, and we will continue to look for ways to improve our efficiency, reduce expenses and provide excellent service in meeting the broad financial services needs of our community. With a strengthening management team and more aggressive management of our credit portfolio, we have the strong foundation necessary to work diligently toward increased and sustained profitability. As an important step in that journey, we see these results as encouragement that we are, indeed, on the right path.”


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July 2, 2009

Exchange Bank Announces Limited Acceptance of Registered Warrants

Exchange Bank today announced that through July 10, 2009, it will temporarily, and on a limited basis, accept for deposit from existing customers registered warrants issued by the State of California. Only warrants that are made payable directly to customers will be accepted. Registered warrants from third–party sources will not be accepted and amounts of $10,000 or more will be reviewed on a case basis. Further details about the conditional acceptance of these state IOUs are available at Exchange Bank branches in Sonoma and Placer counties.

“The difficult consequences of the current financial crisis on the people of California are concerning and regrettable. As an integral part of the community, Exchange Bank is continuing a tradition of commitment and attempting to take reasonable and prudent steps to assist customers who, through no fault of their own, are unable to receive unrestricted payments from the state government. It is our hope that the current budget crisis will be resolved without further delay.”


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April 29, 2009
Contact: Barbara Gorman, (707) 524–3107

Exchange Bank Announces First Quarter 2009 Results

Exchange Bank today announced results for the first quarter of 2009 which reflect a loss of $10.3 million. While income from banking operations was strong, the company took an extraordinary charge of $20.0 million as an additional provision for loan losses, which was the dominant factor in results for the quarter. Net interest income at $16.2 million and non–interest income at $4.7 million represented 99% and 96% of the prior year amounts, and reflect strength in core earnings, despite sharp declines in interest rates year–over–year and the broad economic downturn.

“Our first priority is to return Exchange Bank to sustained profitability,” stated Chairman and Chief Executive Officer C. William Reinking. “The board has approved management’s recommendation to deal swiftly and aggressively with distressed loans, to put them behind us and thereby more quickly deliver a return to operating profitability. As we stated a little more than a year ago, with very few exceptions, the credit challenges we face are related to our well–established connection with professional developers who are engaged in the residential construction business. We continue to work through those challenges, and with these steps, we believe we are positioning the bank for accelerated recovery.”

Total deposits, at $1.375 billion increased slightly from the $1.372 billion in same period of 2008, and are up more than 6% from $1.288 billion at year end. Total loans of $1.152 billion were down from $1.195 billion in the prior year, reflecting reduced loan demand related to the wider economic environment. Commercial loans increased almost 11% year–over–year to $304 million. Loans related to the construction and development of residential real estate declined to $95.9 million, approximately 8% of the portfolio, down from more than 12% a year ago.

Operating income, before taxes and the provision for loan losses, was $4.6 million for the quarter compared to $8.5 million in the first quarter of the prior year. Increases in legal expenses, expenses related to foreclosures and other real estate owned, and a $1.3 million increase in FDIC assessment charges were the primary factors in the decline.

“While the impact of the severe economic conditions around us is clearly visible in our results this quarter, there is significant strength in our business and in the confidence expressed by our customers and our community,” commented president William R. Schrader. “That support, which translates into one of the strongest positions of liquidity and capital we’ve seen in our history, allows us to take this bold step and better positions us to remove distressed loans from our balance sheet. That, in turn, we believe will pave the way for an accelerated return to profitability, which is job one for all of us at Exchange Bank.”

“Every day, the people of Exchange Bank are engaged in our community delivering the banking services that are essential for economic vitality,” Schrader continued. “The Sonoma County Loan Program, which we introduced last month, is stimulating new consumer and small business lending activity with reduced rates and fees for the loans people need the most. We are aggressively competing for new and enhanced deposit relationships in our community and seeing strong growth there. As a commercial lender we have the strategic advantage of community and industry knowledge that is second to none. We have strengthened our management team and are aggressively managing our credit portfolio with unwavering focus. These are just some of the reasons, combined with the underlying strength of our institution and truly amazing support of our community, that make us confident in the fact that we are on the road to recovery.”


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March 16, 2009

Exchange Bank Announces $75 Million Sonoma County Loan Program

Exchange Bank, Sonoma County’s oldest and largest community bank, today announced a $75 million commitment to new consumer and small business loans for customers in Sonoma County. The Sonoma County Loan Program includes newly reduced rates for a broad range of consumer and small business credit – including conforming residential mortgages to be held in the bank’s portfolio. “Lending has been referred to as the fuel for the engine of commerce,” commented bank president Bill Schrader; “and we hope to provide more high–quality fuel to get the Sonoma County economy moving again, quickly.”

Included in the program are new, competitively priced fixed–rate mortgages, jumbo mortgages, home equity loans and lines of credit, as well as reduced rates and fees on an array of small business loans. “As Sonoma County’s local bank, we want to do everything we can to make credit available to our qualified customers – and we’re committed to doing just that,” continued Craig Van Selow, executive vice president for retail banking. “While good credit standards are still required, these are some of the most attractive rates we’ve offered in years.”

To qualify for the Sonoma County Loan Program, borrowers must meet established credit, equity, loan–to–value and other lending requirements; and must have their loan payment made by automatic debit from an Exchange Bank checking account.

“We have been a part of this community for 119 years; through good times and bad. Sonoma County has stood by the Exchange Bank for all the right reasons and we are committed to playing an important role in the economic recovery of the place we call home,” Schrader concluded.

Complete details and application information is available at any of Exchange Bank’s 19 branch offices conveniently located throughout Sonoma County or by calling (707) 524-3000.


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January 30, 2009
Contact: Barbara Gorman, (707) 524-3107

Exchange Bank Announces Fourth Quarter 2008 Results

Exchange Bank today announced fourth quarter results that reflect a loss of $7.5 million for the period, and a combined loss of $18.5 million for the year. As was the case in the quarter ending September 30, increased reserves and losses taken during the quarter for loans to residential real estate developers were the dominant factor in the subdued results.

“Our numbers for 2008 are disappointing,” stated Chairman and Chief Executive Officer C. William Reinking, “but they are consistent with previous assessments of the challenge and we continue to believe that the worst of these isolated problems is behind us. Throughout the year we have focused considerable effort on monitoring our portfolio, taking prudent reserves and working with many of our long–term borrowers who are engaged in the residential construction business. That industry that has seen an unprecedented downturn and the weight of our involvement with those borrowers has cast a shadow on our overall performance. Despite that difficult news, we certainly remain a strong, well capitalized organization. We intend to work very hard at putting these challenges behind us and moving forward by making good loans in our community and providing exceptional banking service to our friends and neighbors throughout Sonoma County.”

At $1.16 billion, loans were down slightly for the year, as were deposits, at $1.29 billion. Reinking commented, “Given the overall economic conditions of the past two quarters, we are pleased with the strong performance of our core bank operations. Exchange Bank customers have continued to demonstrate their confidence and support. That community support, which spans generations, is part of our legacy – and with it comes a responsibility we acknowledge and respect.”

“2009 will not be an easy year, and the overall economic picture is not entirely clear. We are, however, unwaveringly committed to the hard work necessary to move through these challenges and restore profitability,” Reinking continued. “Exchange Bank is a strong institution with an important legacy. We are in the business of making loans and serving the banking needs of this community. Our commitment to this community is unshakable. We will work through this.”


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January 20, 2009
Contact: Barbara Gorman, (707) 524-3107

Andrew J. Shepard Remembered

Exchange Bank today acknowledged the passing of Andrew J. Shepard, Chairman Emeritus and former President and CEO from 1969 to 1986. Shepard’s career with the bank spanned almost sixty years and included thirty–four years as Chairman of the Board from 1969 to 2003, a position he held concurrently with that of President for seventeen years.

“Andy Shepard was a legend in our industry based on almost any standard,” commented C. William Reinking, Exchange Bank’s current Chairman and CEO, who followed Shepard as President in 1986. Reinking continued, “those who knew and worked with Andy understood him to be a man of vision, ability and tenacity. He pioneered many of the elements of modern–day banking in Sonoma County and the landscape here truly bears his imprint, as it will for generations to come. We will miss his guidance, his wisdom and his friendship.”

Shepard’s banking career began with Exchange Bank in 1949, following his graduation from Stanford University. Under his leadership, the bank grew from three offices to nineteen in Sonoma County today. He was the first to introduce electronic banking and ATM’s in the late 1960’s and drive–up facilities in Santa Rosa, Rohnert Park and Petaluma in the 1970’s. He served as President of the California Bankers Association and held many positions with the American Bankers Association, including serving on the Board of Directors and as Treasurer. Shepard was also Chairman of the Conference of State Bank Supervisors Advisory Board.

Andy Shepard received many honors and awards in recognition of his business and industry leadership. In 1999, he was inducted into the Pacific Coast Banking School Hall of Fame, and in the same year, received the California Human Development Corporation Golden Aztec Award. For three years in a row (1986 – 88), he was awarded the Best Managed Independent Bank in Northern California honors by his industry peers. The Press Democrat awarded Shepard the Golden Bear Award for Community Leadership in 1986 and Santa Rosa Junior College honored him in 1987 with the Floyd P. Bailey Award and the President’s Medallion in 1993.

Community involvement has also been a hallmark of Andy Shepard. From 1969 to 2008, he served as a Trustee of the Doyle Trust, overseeing scholarship awards totaling more than $70 million to Santa Rosa Junior College students. Support for local organizations as a Board Director included Sonoma County United Crusade, Sonoma County Employees Retirement Board, Sonoma County Drug Abuse Council, Memorial Hospital Advisory Board, California Heart Association, and the Heart Association of the Redwood Empire. Shepard was also a Trustee and Director of the Santa Rosa Symphony Foundation and a founding Director of the Community Foundation Sonoma County.


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October 29, 2008
Contact: Padi Selwyn, (707) 524-3106

Exchange Bank Announces Third Quarter Results

Exchange Bank today announced third quarter results that reflect a loss of $11.5 million for the period, and a loss of $11.0 million for the nine months ending September 30. Increased reserves taken during the quarter for loans to residential real estate developers were the dominant factor in the subdued earnings.

“Exchange Bank has been a construction lender for generations. The virtually unprecedented downturn in the real estate industry has been a blow to an important sector of the economy in our community, and we are seeing this impact with our customers engaged in that industry,” commented Chairman and Chief Executive Officer William Reinking. “As disclosed earlier in the quarter, we have moved decisively to identify problem loans, make changes and take prudent reserves. While this is a challenging economic period, we remain well capitalized by regulatory standards and we believe we have put the worst behind us.”

As of September 30, loans to residential real estate developers represented approximately 10% of Exchange Bank’s $1.2 billion loan portfolio.

Apart from the special addition to loan loss reserves and certain real estate contingencies, results for core bank operations continue to compare favorably with the prior year. Deposits, loans and non–interest income reflect positive trends for the year–to–date period. “We are working diligently to move through these challenges and restore profitability,” Reinking continued. “Exchange Bank is a strong institution with an important legacy. The support we have seen from the community over these past few months has been reassuring and inspiring. Our problems are in an isolated segment of our loan portfolio – one that we have identified and have moved quickly to contain and correct.”


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September 19, 2008
Contact: Padi Selwyn, (707) 524-3106; Craig Van Selow, (707) 522-2364

Exchange Bank Suspends Dividend

Exchange Bank’s Board of Directors voted this week to suspend its quarterly dividend to offset the need to increase loan loss reserves for non–performing construction loans.

While residential construction–related loans represent less than 12% of the bank’s loan portfolio, they have had a severe impact on earnings and will likely result in a loss for the year.

According to Chairman and Chief Executive Officer C. William Reinking, “Suspending the dividend was a difficult but necessary decision –– it is the most fiscally responsible and prudent choice for the bank at this time and for its future success.”

“The real estate industry is facing historic challenges and even conservative lending to experienced developers has come under unprecedented pressure,” noted Reinking. “We have made appropriate and prudent changes to our lending practices and we believe the problems are contained. We are also closely monitoring our loan portfolio and will make increases to loan loss reserves as necessary. While we do not yet know when dividend payments will resume, our management team is working diligently to restore profitability.”

Despite the problems in the construction loan portfolio, Exchange Bank’s core businesses are performing well; with continued growth in deposits and commercial loans this year.

“Exchange Bank has weathered many economic cycles in 118 years. The current downturn in this isolated segment of our loan portfolio is yet another challenge we are facing and are determined to overcome. Aside from these construction credits, it’s business as usual at Exchange Bank, with no service impact to our customers whatsoever,” Reinking concluded.


This release contains forward–looking statements. Words such as “expects,” “anticipates,” and “believes,” and variations of these words and similar expressions are intended to identify forward–looking statements, which include but are not limited to projections of revenues and earnings and the adequacy of loan loss reserves. Forward–looking statements are subject to risks and uncertainties that may include, but are not necessarily limited to, fluctuations in interest rates, monetary policy established by the Federal Reserve, inflation, government regulations, general economic conditions and competition within the business areas in which the bank conducts its operations. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward–looking statements, which reflect management’s view only as of the date of this release. The bank undertakes no obligation to publicly revise these forward–looking statements to reflect subsequent events or circumstances.

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August 19, 2008
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations, (707) 524-3106

Bank names Reinking CEO; Schrader becomes President

Exchange Bank announced today that Chairman C. William Reinking will step back into active management as CEO following the resignation of J. Barrie Graham.

Reinking has been with the bank for 44 years and was President and CEO for 17 years prior to Graham’s appointment. He will retain the position of Chairman in addition to that of CEO. Additionally, the Board has appointed William Schrader, the current Chief Operating Officer, as President. Schrader has been with the bank for 30 years and was previously their Senior Lending Officer.


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March 13, 2008
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations

Exchange Bank receives Business Environmental Alliance Best Practices Award

Exchange Bank has received the Business Environmental Alliance Best Practices Award, in recognition of voluntarily adopting environmentally sound business practices.

The Bank was nominated by PG&E for their efforts to reduce energy consumption. Partnering with PG&E and the Small Business Energy Alliance (SBEA) to retrofit Bank offices and buildings with energy efficient lighting, the bank was able to reduce 148,726 lbs. of carbon dioxide emissions. The savings are the equivalent of removing 15 passenger cars from the roads for a year or saving 7,683 gallons of gasoline a year.

Exchange Bank has joined PG&E’s Critical Peak Pricing Program. During peak energy demand, the Bank will reduce power usage and conserve energy. In 2006, Exchange Bank installed solar panels on its Dutton branch and followed with the installation of panels on its College branch in 2008. The Bank has also partnered with the Sonoma County Water Agency and the Santa Rosa Water Agency to audit and monitor its water usage.


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February 29, 2008
Padi Selwyn, Senior Vice President

Dan Libarle

Dan Libarle Named to Exchange Bank Board

Long–time Petaluma native, business and community leader, Dan Libarle, has been elected to the Board of Directors of Exchange Bank.

The former chairman and founder of the Bank of Petaluma, Libarle is president of Lace House Linen, a 95 year old Petaluma family business. Libarle served on the Board of Directors of Greater Bay Bank, following the acquisition of Bank of Petaluma.

According to Exchange Bank Chairman of the Board, C. William Reinking, “We are proud to welcome Dan Libarle to our board. He brings a wealth of experience and knowledge of the community with him. We have grown substantially in the south county and look forward to serving more of that market with new board representation by Dan Libarle.”

Past president of the Petaluma Rotary Club, Petaluma Golf and Country Club, Petaluma Boys and Girls Club, Sonoma County Trail Blazers, Western Textiles Association and board member of Hanna Center, Sonoma State Foundation, Petaluma Chamber of Commerce; the Petaluma leader formerly served on the Petaluma City Planning Commission for many years.


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September 20, 2007
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations

Exchange Bank is Going Green

Exchange Bank is now in the process of installing a solar panel system on the roof of our College Office located at the corner of Mendocino Avenue and Steele Lane. The 36.9 Kilowatt Solar Power System will eliminate more than 886 tons of carbon dioxide, nitrogen oxide and sulfur dioxide per year from the atmosphere — the prime causes of global warming, acid rain and smog. This system is designed to offset all of the electrical usage for this branch.

Total cost of this project after California Solar Initiative Incentive Rebate and tax credits is $175,000 and the Bank expects to save approximately $10,000 per year on the electric bill. With the energy savings combined with depreciation and tax benefits, the project will pay for itself in 7 years.

Exchange Bank owns many of its own buildings and over time expects to convert all of them to solar. The Dutton office has been using its own solar system for over a year and is estimated to have saved $8,000 in annual electric bills.

Exchange Bank is also in the process of retrofitting the existing lighting in all of its facilities with energy efficient fluorescent lighting and electronic ballasts. The Small Business Energy Alliance conducted an energy audit that estimates upon completion of this retrofit, the Bank will reduce usage by 225,286 kWh annually, which equals 6,052 gallons of gasoline.


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