PFF BANCORP INC - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - FORM 8-K - PFF BANCORP INC	c25324e8vk.htm

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE


In re PFF Bancorp, Inc.		Case No. 08-13127
		Reporting Period: 10/1/11 — 10/31/11

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

Affidavit /

Document

Explanation

Supplement

REQUIRED DOCUMENTS

Form No.

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

YES

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1a

YES

Schedule of Professional Fees Paid

MOR-1b

YES

Copies of bank statements

YES

Cash disbursements journals

YES

Statement of Operations

MOR-2

YES

Balance Sheet

MOR-3

YES

Status of Post-petition Taxes

MOR-4

YES

Copies of IRS Form 6123 or payment receipt

N/A

Copies of tax returns filed during reporting period

N/A

Summary of Unpaid Post-petition Debts

MOR-4

YES

Listing of aged accounts payable

MOR-4

YES

Accounts Receivable Reconciliation and Aging

MOR-5

YES

Debtor Questionnaire

MOR-5

YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.



Signature of Debtor		Date


Signature of Joint Debtor		Date

/s/ Kevin McCarthy		November 20, 2011

Signature of Authorized Individual*		Date

Kevin McCarthy		CEO

Printed Name of Authorized Individual		Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re PFF Bancorp, Inc.		Case No. 08-13127
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH — ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]


												CUMULATIVE FILING
	BANK ACCOUNTS							CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX		OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	41,950.83			$	42,332,157.45		$	42,374,108.28			$	3,637,884.57

RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS												$	1,033,315.22
OTHER (ATTACH LIST)												$	45,288,111.33
TRANSFERS (FROM DIP ACCTS)												$	45,771,737.45
TOTAL RECEIPTS												$	92,093.164.00

DISBURSEMENTS
NET PAYROLL	$	7,101.50						$	7,101.50			$	701,772.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	19,784.12						$	19,784.12			$	1,115,871.34
SELLING
OTHER (ATTACH LIST)												$	1,486,086.27

OWNER DRAW*
TRANSFERS (TO DIP ACCTS)

												$	45,771,737.45
PROFESSIONAL FEES												$	4,266.434.17
U.S. TRUSTEE QUARTERLY FEES												$	41,924.01
COURT COSTS
TOTAL DISBURSEMENTS	$	26,885.62						$	26,885.62			$	53,383,825.91

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS)	$	(26,885.62	)					$	(26,885.62	)		$	38,709,338.09

CASH — END OF MONTH	$	15,065.21			$	42,332,157.45		$	42,347,222.66			$	42,347,222.66


*		COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	26,885.62
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	26,885.62

Account 9146

Account Name PFF Bancorp, Inc.

Reconciliation As of Date 10/31/11


Balance per Bank		$	15,048.09

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total		$	0.00

Other (List)

Bank charges on bank not on books		$	17.12

Balance per Books		$	15,065.21

Account 9472

Account Name PFF Bancorp, Inc. — Tax Refund Holding

Reconciliation As of Date 10/31/11


Balance per Bank		$	0.00

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total

Other (List)

Balance per Books		$	0.00

Account 1900

Account Name PFF Bancorp, Inc. — FDIC QSF

Reconciliation As of Date 10/31/11


Balance per Bank		$	42,332,157.45

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total
Other (List)

Balance per Books		$	42,332,157.45


In re PFF Bancorp, Inc.		Case No. 08-13127
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.


		Amount		Check		Amount Paid		Year-To-Date
Payee	Period Covered	Covered	Payor	Number	Date	Fees	Expenses	Fees		Expenses
Paul, Hastings LLP								$	1,997,643.56	$	24,982.85

JH Cohn								$	726,866.80	$	5,472.15

Blank Rome								$	1,167,570.20	$	30,697.85

Richards Layton & Finger								$	251,248.88

Flaster Greenberg								$	55,383.78	$	1,789.42


Bank of America LOGO		Account Number 9146
		01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
OPERATING ACCOUNT
2058 N. MILLS AVE #139		Page 1 of 2
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	10/01/2011 — 10/31/2011	Statement Beginning Balance	$	41,789.51
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	6	Amount of Checks	$	24,248.28
Number of Other Debits	10	Amount of Other Debits	$	2,493.14
		Statement Ending Balance	$	15,048.09
Number of Enclosures	6
		Service Charge	$	17.12

Withdrawals and Debits

Checks


Check			Date		Bank		Check					Date		Bank
Number	Amount		Posted		Reference		Number			Amount		Posted		Reference
1427	$	5,019.37		10/12		2692048956		1430		$	9,817.41		10/12		1082326066
1428	$	3,482.01		10/12		2692048957		1431		$	46.17		10/13		9792506263
1429	$	1,193.40		10/17		8892755088		10073	*	$	4,689.92		10/13		9792506268

Other Debits


Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900007
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900008
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900009
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900010
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900011
10/05		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900012
10/05		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900013
10/11			$	2,411.58	ADP TX/FINCL SVC DES: ADP — TAX ID: E2Z8V 100740A01 INDN: PFF BANCORP INC CO ID: 1223006057 CCD	80006557612
10/19			$	64.44	ADP PAYROLL FEES DES: ADP — FEES ID: 13Z8V 2583643 INDN: PFF BANCORP INC CO ID: 9659605001 CCD	91011388166
10/31			$	0.12	FDIC ASSESSMENT

Daily Balances


Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
09/30	$	41,789.51	$	41,789.51		10/13	$	16,306.05	$	16,306.05
10/05	$	41,772.51	$	41,772.51		10/17	$	15,112.65	$	15,112.65
10/11	$	39,360.93	$	39,360.93		10/19	$	15,048.21	$	15,048.21
10/12	$	21,042.14	$	21,042.14		10/31	$	15,048.09	$	15,048.09


Bank of America LOGO		Account Number 9146
		01 01 149 01 M0000 E# 6
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
OPERATING ACCOUNT
2058 N. MILLS AVE #139		Page 2 of 2
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813127KJC

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.


*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error.

For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.

REPORTING OTHER PROBLEMS.

You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.


Bank of America LOGO		Account Number 9472
		01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION		Last Statement: 08/31/2011
BANK OF AMERICA, N.A.		This Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
TAX REFUND HOLDING ACCOUNT
2058 N. MILLS AVE #139		Page 1 of 3
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	09/01/2011 — 09/30/2011	Statement Beginning Balance	$	44,771,833.45
Number of Deposits/Credits	1	Amount of Deposits/Credits	$	20.00
Number of Checks	0	Amount of Checks	$	0.00
Number of Other Debits	32	Amount of Other Debits	$	44,771,853.45
		Statement Ending Balance	$	0.00
Number of Enclosures	0
		Service Charge	$	116.00

Deposits and Credits

Customer

Bank

Date Posted

Reference

Amount

Description

Reference

02/14

20.00

SERVICE CHARGE REFUND

04303040284

REASON REFUND WIRE FEE
W/O 09/14/11
PER INSTRUCTIONS FROM SR1-1155505583
FDBS NNF 001304 NBK1K5V

Withdrawals and Debits

Other Debits


Date	Customer					Bank
Posted	Reference		Amount		Description	Reference
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900027
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900028
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900029
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900030
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900031
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900032
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900033
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900034
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900035
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900036
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900037
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900038
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900039
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900040
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900041
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900042
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900043
09/08		1	$	2.00	PHOTOCOPY/DOCUMENT IMAGE	09939900044
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900045
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900046
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900047
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900048
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900049
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900050
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900051
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900052
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900053
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900054
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900055
09/08		1	$	5.00	STATEMENT ACTIVITY PRINT	09939900056


Bank of America LOGO		Account Number 9472
		01 01 152 01 M0000 E# 0
CUSTOMER CONNECTION		Last Statement: 08/31/2011
BANK OF AMERICA, N.A.		This Statement: 09/30/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
PFF BANCORP, INC
DEBTOR IN POSSESSION #08-13127-KJC
TAX REFUND HOLDING ACCOUNT
2058 N. MILLS AVE #139		Page 2 of 3
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813127KJC

CUSTOMER CONNECTION ECONOMY CHECKING

Other Debits — Continued

Date

Customer

Bank

Posted

Reference

Amount

Description

Reference

09/14

44,771,737.45

WIRE TYPE: WIRE OUT DATE: 110914 TIME: 1605 ET
TRN: 2011091400227166 SERVICE REF: 009735
BNF: CORPORATE TRUST CLEARING ID: 121000248 PMT
DET: 011109 14006877NN/ACC/FFC: 83671900 PFF BANCORP

00370227166

09/14

20.00

BANK ASSIST DOMESTIC WIRE

09980200007

Daily Balances


			Collected						Collected
Date	Ledger Balance		Balance		Date		Ledger Balance		Balance
08/31	$	44,771,833.45	$	44,771,833.45		09/21	$	0.00	$	0.00
09/08	$	44,771,737.45	$	44,771,737.45		09/30	$	0.00	$	0.00
09/14	$	20.00-	$	20.00-


		Account Number 9472
CUSTOMER CONNECTION		01 01 152 01 M0000 E# 0
BANK OF AMERICA, N.A.		Last Statement: 07/29/2011
DALLAS, TEXAS 75283-2406		This Statement: 08/31/2011

		Customer Service 1-800-342-7722
PFF BANCORP, INC

		Page 3 of 3

		Bankruptcy Case Number: 0813127KJC

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.


*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

REPORTING OTHER PROBLEMS.

CTS CMES SPECIALIZED PRODS MN
CORPORATE TRUST SERVICES
MAC N9311-110 SPECIALIZED PRODUCTS
625 MARQUETTE AVE, 11TH FLOOR
MINNEAPOLIS, MN 55402-2308

PFF BANCORP FDIC QSF

ACCOUNT NUMBER 83671900
MONTHLY STATEMENT
OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011


		ACCOUNT MANAGER: DAVID BERGSTROM
		TELEPHONE NUMBER: 612-667-7390

FEDERAL DEPOSIT INSURANCE CORP		ADMINISTRATOR: DAVID PICKETT
3501 FAIRFAX DRIVE		TELEPHONE NUMBER: (612) 667-9099
ARLINGTON, VIRGINIA 22226
ATTN: B. AMON JAMES



TABLE OF CONTENTS		PFF BANCORP FDIC QSF
FOR THE PERIOD ENDED OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011		ACCOUNT NUMBER 83671900


REPORT NAME	PAGE NUMBER

ASSET SUMMARY		1
STATEMENT OF ASSETS		2
CASH SUMMARY		3
STATEMENT OF TRANSACTIONS		4
CASH MANAGEMENT TRANSACTION JOURNAL		5

PAGE 1



ASSET SUMMARY		PFF BANCORP FDIC QSF
AS OF OCTOBER 31, 2011		ACCOUNT NUMBER 83671900

ASSET SUMMARY


					UNREALIZED		ACCRUED
INVESTMENT CATEGORY	COST VALUE		MARKET VALUE		GAIN/LOSS		INCOME

CASH	$	0.00	$	0.00
CASH EQUIVALENTS	$	42,332,157.45	$	42,329,810.80	$	2,346.65-	$	4.26

TOTAL INVESTMENTS	$	42,332,157.45	$	42,329,810.80	$	2,346.65-	$	4.26

PAGE 2



STATEMENT OF ASSETS		PFF BANCORP FDIC QSF
AS OF OCTOBER 31, 2011		ACCOUNT NUMBER 83671900

STATEMENT OF ASSETS


		COST VALUE		MARKET VALUE		UNREALIZED
PAR VALUE / SHARES	DESCRIPTION	/ UNIT COST		/ UNIT PRICE		GAIN / LOSS		ACCRUED INCOME
CASH EQUIVALENTS

$20,925,000	US TREASURY BILL	$	20,915,618.63	$	20,915,165.25	$	453.38-	$	0.00
	DTD 06/30/11 06/28/2012		99.995		99.953
	CUSIP9127953W9

$21,167.000	US TREASURY BILL	$	21,165,929.89	$	21,164,036.62	$	1,893.27-	$	0.00
	DTD 09/22/11 03/22/2012		99.995		99.986
	CUSIP9127955E7

$250,608.93	WFB MONEY MARKET	$	250,608.93	$	250,608.93	$	0.00	$	4.26
	DEPOSIT ACCOUNT		1.000		1.000
	CUSIP999491905


TOTAL CASH EQUIVALENTS		$	43,332,157.45	$	42,329,810.80	$	2,346.65-	$	4.26


TOTAL INVESTMENTS		$	42,332,157.45	$	42,329,810.80	$	2,346.65-	$	4.26

PAGE 3



CASH SUMMARY		PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011		ACCOUNT NUMBER 83671900

CASH SUMMARY


DESCRIPTION	PRINCIPAL CASH		INCOME CASH
BEGINNING BALANCE	$	21,166,227.56	$	0.00

DISBURSEMENTS

PURCHASES	$	20,915,618.63-	$	0.00
CASH MANAGEMENT PURCHASES	$	250,608.93-	$	0.00
TOTAL CASH DISBURSEMENTS	$	21,166,227.56-	$	0.00

ENDING BALANCE	$	0.00	$	0.00

PAGE 4



STATEMENT OF TRANSACTIONS		PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011		ACCOUNT NUMBER 83671900

STATEMENT OF TRANSACTIONS


	PAR VALUE /									REALIZED
DATE	SHARES		DESCRIPTION	PRINCIPAL CASH		INCOME CASH		COST VALUE		GAIN/LOSS
			BEGINNING BALANCE	$	21,166,227.56	$	0.00	$	21,165,929.89


10/03/11		20,925,000	PURCHASED	$	20,915,618.63-			$	20,915,618.63
			US TREASURY BILL 6/28/12 CUSIP 9127953W9 AT $99.96 ON TRADE DATE 09/30/2011 TO SETTLE ON 10/03/2011 WELLS FARGO SECURITIES, LLC

10/31/11		250,608.93	CASH SWEEP PURCHASES FOR STMT PERIOD	$	250,608.93			$	250,608.93
			WEB MONEY MARKET DEPOSIT ACCOUNT CUSIP 999491905 1 TRANSACTION


			ENDING BALANCE	$	0.00	$	0.00	$	42,332,157.45

PAGE 5



STATEMENT OF TRANSACTIONS		PFF BANCORP FDIC QSF
FOR THE PERIOD OCTOBER 1, 2011 THROUGH OCTOBER 31, 2011		ACCOUNT NUMBER 83671900

STATEMENT OF TRANSACTIONS

DATE

PAR VALUE / SHARES

DESCRIPTION

PRINCIPAL CASH

INCOME CASH

10/03/11

250,608.93

PURCHASED
WFB MONEY MARKET DEPOSIT ACCOUNT

250,608.93-

WFB MONEY MARKET DEPOSIT ACCOUNT

TOTAL PURCHASES/DEPOSITS

250,608.93-

0.00

TOTAL SALES/WITHDRAWALS

0.00

PFF Bancorp, Inc.
Transaction Detail by Account
October 2011


	Date		Type	Num		Name	Memo/Description	Split	Amount		Balance
B of A Checking
		10/03/2011	Journal Entry		563			-SPLIT-		-161.32		-161.32
		10/05/2011	Journal Entry		570			-SPLIT-		-5,019.37		-5,180.69
		10/05/2011	Journal Entry		574			-SPLIT-		-46.17		-5,226.86
		10/05/2011	Journal Entry		573			-SPLIT-		-9,817.41		-15,044.27
		10/05/2011	Journal Entry		572			-SPLIT-		-1,193.40		-16,237.67
		10/05/2011	Journal Entry		571			-SPLIT-		-3,482.01		-19,719.68
		10/06/2011	Journal Entry		575			-SPLIT-		-7,165.94		-26,885.62
		10/14/2011	Journal Entry		580			-SPLIT-		0.00		-26,885.62

Total for B of A Checking										-26,885.62
Post Petition Unpaid — KCC
		10/05/2011	Journal Entry		570			-SPLIT-		-5,019.37		-5,019.37
		10/05/2011	Journal Entry		571			-SPLIT-		-3,482.01		-8,501.38
		10/30/2011	Journal Entry		583			-SPLIT-		11,312.11		2,810.73

Total for Post Petition Unpaid — KCC										2,810.73
Post Petition Unpaid — McCarthy
		10/05/2011	Journal Entry		574			-SPLIT-		-46.17		-46.17
		10/06/2011	Journal Entry		575			-SPLIT-		-7,000.00		-7,046.17
		10/08/2011	Journal Entry		576			-SPLIT-		6,388.37		-657.80
		10/21/2011	Journal Entry		581			-SPLIT-		5,432.24		4,774.44

Total for Post Petition Unpaid — McCarthy										4,774.44
Post Petition Unpaid — Pure Comp
		10/05/2011	Journal Entry		572			-SPLIT-		-1,193.40		-1,193.40
		10/10/2011	Journal Entry		579			-SPLIT-		2,123.10		929.70

Total for Post Petition Unpaid — Pure Comp										929.70
Post Petition Unpaid — RLF
		10/08/2011	Journal Entry		578			-SPLIT-		16,149.29		16,149.29

Total for Post Petition Unpaid — RLF										16,149.29
Post Petition Unpaid — Talbott
		10/05/2011	Journal Entry		573			-SPLIT-		-9,817.41		-9,817.41
		10/08/2011	Journal Entry		577			-SPLIT-		11,066.41		1,249.00
		10/21/2011	Journal Entry		582			-SPLIT-		5,144.66		6,393.66

Total for Post Petition Unpaid — Talbott										6,393.66
Bank Charges
		10/03/2011	Journal Entry		563			-SPLIT-		161.32		161.32

Total for Bank Charges										161.32
Contractor — Talbott
		10/08/2011	Journal Entry		577			-SPLIT-		10,812.50		10,812.50
		10/21/2011	Journal Entry		582			-SPLIT-		5,000.00		15,812.50

Total for Contractor — Talbott										15,812.50
Contractor — Talbott — Expenses

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

10/08/2011

Journal Entry

577

-SPLIT-

253.91

10/21/2011

Journal Entry

582

-SPLIT-

144.66

398.57

Total for Contractor — Talbott — Expenses

398.57

Kurtzman Carson

10/30/2011

Journal Entry

583

-SPLIT-

11,312.11

Total for Kurtzman Carson

11,312.11

Office Expenses

10/06/2011

Journal Entry

575

-SPLIT-

64.44

10/10/2011

Journal Entry

579

-SPLIT-

2,123.10

2,187.54

Total for Office Expenses

2,187.54

Payroll

10/06/2011

Journal Entry

575

-SPLIT-

101.50

10/08/2011

Journal Entry

576

-SPLIT-

6,125.00

6,226.50

10/21/2011

Journal Entry

581

-SPLIT-

5,375.00

11,601.50

Total for Payroll

11,601.50

Post Petition Accrued Exp — RLF

10/08/2011

Journal Entry

578

-SPLIT-

16,149.29

Total for Post Petition Accrued Exp — RLF

16,149.29

Postage

10/08/2011

Journal Entry

576

-SPLIT-

222.12

10/21/2011

Journal Entry

581

-SPLIT-

15.99

238.11

Total for Postage

238.11

Travel

10/08/2011

Journal Entry

576

-SPLIT-

41.25

10/21/2011

Journal Entry

581

-SPLIT-

41.25

82.50

Total for Travel

82.50

US Trustee

10/14/2011

Journal Entry

580

-SPLIT-

0.00

Total for US Trustee

0.00



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/03/2011


Account	Debit		Credit

Bank Charges	$	161.32
B of A Checking			$	161.32

Totals	$	161.32	$	161.32

Memo: B of A — Sept



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/05/2011


Account	Debit		Credit

Post Petition Unpaid — KCC	$	5,019.37
B of A Checking			$	5,019.37

Totals	$	5,019.37	$	5,019.37

Memo: Pay Post Petition Debts



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/05/2011


Account	Debit		Credit

Post Petition Unpaid — McCarthy	$	46.17
B of A Checking			$	46.17

Totals	$	46.17	$	46.17

Memo: Pay Post Petition Debts



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/05/2011


Account	Debit		Credit

Post Petition Unpaid — Talbott	$	9,817.41
B of A Checking			$	9,817.41

Totals	$	9,817.41	$	9,817.41

Memo: Pay Post Petition Debts



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/05/2011


Account	Debit		Credit

Post Petition Unpaid — Pure Co	$	1,193.40
B of A Checking			$	1,193.40

Totals	$	1,193.40	$	1,193.40

Memo: Pay Post Petition Debts



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/05/2011


Account	Debit		Credit

Post Petition Unpaid — KCC	$	3,482.01
B of A Checking			$	3,482.01

Totals	$	3,482.01	$	3,482.01

Memo: Pay Post Petition Debts



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/06/2011


Account	Debit		Credit

Post Petition Unpaid — McCarthy	$	7,000.00
Office Expenses	$	64.44
Payroll	$	101.50
B of A Checking			$	7,165.94

Totals	$	7,165.94	$	7,165.94

Memo: Process Accrued Payroll 9/10 — 9/23/11



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/14/2011


Account	Debit		Credit

US Trustee	$	0.00
B of A Checking			$	0.00

Totals	$	0.00	$	0.00

Memo: Q3 ‘11

PFF Bancorp, Inc.
Profit & Loss
October 2011


	Total
Income
Total Income
Expenses
Bank Charges		161.32
Contractor — Talbott		15,812.50
Contractor — Talbott — Expenses		398.57
Kurtzman Carson		11,312.11
Office Expenses		2,187.54
Payroll		11,601.50
Post Petition Accrued Exp — RLF		16,149.29
Postage		238.11
Travel		82.50
US Trustee		0.00

Total Expenses	$	57,943.44


Net Operating Income	$	-57,943.44


Net Income	$	-57,943.44

PFF Bancorp, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011


	Total
Income
Interest Income		33,315.22
Refunds-Allowances		17,200.00
Settlement Funds Received		157,912.20
Workers Comp Experience Refund		10,563.00


Total Income	$	218,990.42
Expenses
Accrued Expenses		0.00
Bank Charges		4,156.52
Bank Charges — Tax A/C’s		-2549.28
Blank Rome — Expenses		30,697.85
Blank Rome — Fees		1,167,570.20
Commissions & Fees		0.00
Contractor — Talbott		711,930.75
Contractor — Talbott — Expenses		9,306.94
Flaster Greenberg — Expenses		1,789.42
Flaster Greenberg Fees		55,383.78
Interest Expense		0.99
JH Cohn — Expenses		5,472.15
JH Cohn — Fees		726,866.80
Kurtzman Carson		264,427.52
Legal & Professional Fees		298,102.77
Office Expenses		62,160.99
Payroll		713,272.67
PHJW Expenses		24,982.85
PHJW Fees		1,997,643.56
Post Petit Prof — Pending		0.00
Post Petition Accrued Exp — JH C		40,002.16
Post Petition Accrued Exp — MOGR		28,341.39
Post Petition Accrued Exp — PH		17,306.21
Post Petition Accrued Exp — RLF		79,471.39
Postage		3,424.58
Progressive Reimb		-202416.95
RLF — Fees		251,248.88
RLF Expenses		4,778.68
Supplies		383.11
Taxes & Licenses		15,653.23
Travel		17,518.75
US Trustee		41,924.01


Total Expenses	$	6,368,851.92


Net Operating Income	$	-6,149,861.50
Other Income
Funds Disb to Bancorp From Tax A/C		1,000,000.00
Other Income		125,750.46


	Total
Total Other Income	$	1,125,750.46
Other Expenses

Charge Off Invest in PFF B&T		142,517,693.00
Miscellaneous		2,000.20


Total Other Expenses	$	142,519,693.20


Net Other Income	$	-141,393,942.74


Net Income	$	-147,543,804.24

PFF Bancorp, Inc.
Balance Sheet
As of October 31, 2011


	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		15,065.21
Checking		0.00
Citigroup Margin		700,000.00
M&I Bank Account		1,000,000.00
Money Market — Tax Refund		0.00
Paine Webber Business Svcs.		0.00
PFF Bancorp FDIC QSF		42,332,157.45
Trust Inv A/C		0.00
Wells Fargo Tax Escrow		0.00


Total Bank Accounts	$	44,047,222.66
Other Current Assets
Prepaid — Moffett		4,060.00

Total Other Current Assets	$	4,060.00


Total Current Assets	$	44,051,282.66
Other Assets
Accrued Interest		5,666.00
Accum Comp Gain/Loss 1		136,845.00
Accum Comp Gain/Loss 2		-3,531,160.00
Capital SERP PFF		-377,518.00
Capital Stock Investment		0.00
Common Stock Dist. Def. Comp		1,389,015.00
Common Stock Dist. SERP		641,438.00
Deferred Costs — JR SUB		91,654.00
Interest Receivable		82,351.00
Investment in PFF Real Estate Svcs.		55,000.00
Investment in Trust I		928,000.00
Investment in Trust II		774,000.00
Investment in Trust III		928,000.00
Investment with Subsidiaries		1,307,442.00
Kurtzman Carson Retainer		15,000.00
Net Income/Loss		0.00
Net Income/Loss — DBS		16,886,374.00
Net Income/Loss — GIA		730,807.00
Net Income/Loss — PFF RESI		-29275.00
Net Income/Loss DBS correction		-33,772,748.00
PFF B&T Cash Dividend		0.00
PFF FAS 115		1,228,035.00
Prepaid Expenses		33,000.00


	Total
Prepaid OTS Assessment		6,357.00
Progressive — Tail		0.00
RLF Retainer		65,940.94
Stock Options Granted		24,911,967.00
Travellers Tail		0.00
US Treasury Bonds — HTM		0.00
US Treasury Bonds — UNAM		953.00
US Treasury Bonds Mkt Value		13,329.00
Valuation Allowance		-1,500,413.00


Total Other Assets	$	11,020,059.94


TOTAL ASSETS	$	55,071,342.60

LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Post Petition Debts		0.00
Post Petition Unpaid — JH C		40,002.16
Post Petition Unpaid — KCC		11,312.11
Post Petition Unpaid — McCarthy		11,820.61
Post Petition Unpaid — MOGR		28,341.39
Post Petition Unpaid — PH		17,306.21
Post Petition Unpaid — Pure Comp		2,123.10
Post Petition Unpaid — RLF		79,471.39
Post Petition Unpaid — Talbott		16,211.07


Total Accounts Payable	$	206,588.04
Other Current Liabilities
Accrued Expenses Payable		0.00
Due to FDIC — Taxes		0.00
Suspense — NOL Carryback		42,332,157.45


Total Other Current Liabilities	$	42,332,157.45


Total Current Liabilities	$	42,538,745.49
Long Term Liabilities
Accrued Tax Fees		6,311.00
Deferred FIT		-128,004.00
Deferred SIT		-1,378,007.00
FAS 115 FIT		4,132.00
FAS 115 SIT		1,466.00
Intercompany Payable		15.00
Interest Payable — JR SUB Debt		2,743,922.00
Interest Payable — M&I		-106,985.00
Interest Payable — Other Notes		-304,034.00
Interest Payable — Secured Borrowings		80,821.00
Interest Payable — Swap Fixed		452,506.00
Interest Payable — Swap Variable		-364,583.00


	Total
JR SUB Debt I		30,928,000.00
JR SUB Debt II		25,774,000.00
JR SUB Debt III		30,928,000.00
JR SUB Debt MTM		779,740.00
Notes Payable — DBS		-19,280,093.00
Notes Payable M&I		44,000,000.00
Other Accrued Liabilities		2,806,000.00
Secured Borrowings		486,849.00


Total Long Term Liabilities	$	117,430,056.00


Total Liabilities	$	159,968,801.49
Equity
APIC Equity Incentive Plan		5,565,899.00
APIC ESOP		28,709,074.00
APIC Preferred Stock		6,990,000.00
APIC Retained Earnings		-53,645,740.00
APIC SERP		-377,518.00
APIC Stock Options Granted		24,901,591.00
APIC Treasury		-113,220,689.00
APIC Valuation Def Tax		10,376.00
Common Stock		224,811.00
Common Stock Aquired		-86,371.00
Common Stock Dist Def Comp		1,389,015.00
Common Stock Dist SERP		641,438.00
Dividends		81,713,632.00
ISO Stock Options FAS 123R		326,562.00
NQ Stock Options FAS 123R		700,675.00
Opening Balance Equity		-163,427,263.00
Other Comprehensive Earnings		-2,152,951.00

Paid-In Capital or Surplus		224,451,453.00
Preferred Stock		10,000.00
Retained Earnings		-146,678,997.03
Net Income		-942455.86


Total Equity	$	-104,897,458.89


TOTAL LIABILITIES AND EQUITY	$	55,071,342.60



In re PFF Bancorp, Inc.		Case No. 08-13127
		Reporting Period: 10/1/11 — 10/31/11

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period.

Amount

Ending

Beginning

Withheld or

Amount

Check No.

Tax

Federal

Tax Liability

Accrued

Paid

Date Paid

_____T

Liability

Withholding

NONE

FICA-Employee

NONE

FICA-Employer

NONE

Unemployment

NONE

Income

NONE

Other:

NONE

Total Federal Taxes

NONE

State and Local

Withholding

NONE

Sales

NONE

Excise

NONE

Unemployment

NONE

Real Property

NONE

Personal Property

NONE

Other:

NONE

Total State and Local

NONE

Total Taxes

NONE

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due


	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable	$	18,334.17	$	11,312.11					$	28,341.39	$	57,987.67
Wages Payable	$	11,820.61									$	11,820.61
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate Protection Payments
Professional Fees							$	16,149.29	$	120,630.47	$	136,779.76
Amounts Due to Insiders^*
Other: Contractor
Other: _____________
Total Postpetition Debts	$	30,154.78	$	11,312.11	$	0.00	$	16,149.29	$	148,971.86	$	206,588.04

Explain how and when the Debtor intends to pay any past-due postpetition debts.

Amounts will be paid upon release of tax refund monies held in suspense pending authorization from FDIC.


^*		“Insider” is defined in 11 U.S.C. Section 101(31).

Post Petition Debts


Firm	Description	Requested		Authorized		Expenses		Total Due

Paul Hastings	8th Interim 4/1 - 7/31/11	$	21,287.00	$	17,029.60	$	276.61	$	17,306.21

RLF	4/1 - 4/30/11	$	19,180.50	$	15,344.40	$	200.02	$	15,544.42
	5/1 - 5/31/11	$	17,422.50	$	13,938.00	$	188.19	$	14,126.19
	6/1 - 6/30/11	$	17,975.00	$	14,380.00	$	338.81	$	14,718.81
	7/1 - 7/31/11	$	23,334.00	$	18,667.20	$	265.48	$	18,932.68
	8/1 - 8/31/11	$	20,128.49	$	15,916.80	$	232.49	$	16,149.29

JH Cohn	4/1 - 4/30/11	$	19,588.00	$	15,670.40	$	11.52	$	15,681.92
	5/1 - 5/31/11	$	14,013.00	$	11,210.40	$	15.60	$	11,226.00
	6/1 - 6/30/11	$	6,134.00	$	4,907.20	$	0.00	$	4,907.20
	7/1 -7/31/11	$	10,223.00	$	8,178.40	$	8.64	$	8,187.04

Moffett & Grigorian	11/1/10 - 12/31/10	NA		$	15,290.30	$	0.00	$	15,290.30
	1/1/11 - 1/31/11	NA		$	6,585.50	$	0.00	$	6,585.50
	1/27/11 - 6/25/11	NA		$	6,460.00	$	5.59	$	6,465.59

Kurtzman Carson	9/1/11 - 9/30/11	NA		$	7,922.00	$	3,390.11	$	11,312.11

RR Donnelley	10/4/2011	NA		$	2,123.10	$	0.00	$	2,123.10

McCarthy	9/24/11 - 10/7/11	NA		$	6,125.00	$	263.37	$	6,388.37
	10/8/11 - 10/21/11	NA		$	5,375.00	$	57.24	$	5,432.24

Talbott	9/25/11 - 10/8/11	NA		$	10,812.50	$	253.91	$	11,066.41
	10/9/11 - 10/22/11	NA		$	5,000.00	$	144.66	$	5,144.66


Total								$	206,588.04



In re PFF Bancorp, Inc.		08-13127
Debtor		10/1/11 — 10/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period		NONE
+ Amounts billed during the period		NONE
- Amounts collected during the period		NONE
Total Accounts Receivable at the end of the reporting period		NONE
Accounts Receivable Aging
0 - 30 days old		NONE
31 -60 days old		NONE
61 - 90 days old		NONE
91+ days old		NONE
Total Accounts Receivable		NONE
Amount considered uncollectible (Bad Debt)		NONE
Accounts Receivable (Net)		NONE

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.				X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE


In re Glencrest Investment Advisors, Inc.		Case No. 08-13128
		Reporting Period: 10/1/11 — 10/31/11

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

Affidavit /

Document

Explanation

Supplement

REQUIRED DOCUMENTS

Form No.

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

YES

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1a

YES

Schedule of Professional Fees Paid

MOR-1b

YES

Copies of bank statements

YES

Cash disbursements journals

YES

Statement of Operations

MOR-2

YES

Balance Sheet

MOR-3

YES

Status of Post-petition Taxes

MOR-4

YES

Copies of IRS Form 6123 or payment receipt

N/A

Copies of tax returns filed during reporting period

N/A

Summary of Unpaid Post-petition Debts

MOR-4

YES

Listing of aged accounts payable

MOR-4

YES

Accounts Receivable Reconciliation and Aging

MOR-5

YES

Debtor Questionnaire

MOR-5

YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.



Signature of Debtor			Date


Signature of Joint Debtor			Date

/s/ Kevin McCarthy			November 20, 2011

Signature of Authorized Individual*			Date

Kevin McCarthy			CEO

Printed Name of Authorized Individual			Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re Glencrest Investment Advisors, Inc.		Case No. 08-13128
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]


											CUMULATIVE FILING
	BANK ACCOUNTS						CURRENT MONTH				TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	94,118.54					$	94,118.54			$	31,278.00

CASH SALES											$	3,516.02
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS											$	30,277.00
OTHER (ATTACH LIST)	$	580.22	¹				$	580.22			$	64,866.23
TRANSFERS (FROM DIP ACCTS)											$	196,027.42

TOTAL RECEIPTS	$	580.22					$	580.22			$	294,686.67

NET PAYROLL											$	27,609.67
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES											$	124,519.58
INSURANCE
ADMINISTRATIVE	$	646.72					$	646.72			$	70,138.38
SELLING
OTHER (ATTACH LIST)

OWNER DRAW*
TRANSFERS (TO DIP ACCTS)											$	4,445.00

PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	5,525.00
COURT COSTS
TOTAL DISBURSEMENTS	$	971.72					$	971.72			$	232,237.63

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(391.50	)				$	(391.50	)		$	62,449.04

CASH — END OF MONTH	$	93,727.04					$	93,727.04			$	93,727.04


*		COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	971.72
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	971.72


¹		California Financial Partners – Sept 2011 $580.22

Account 9162

Account Name Glencrest Investment Advisors, Inc.

Reconciliation As of Date 10/31/11


Balance per Bank		$	93,726.32

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total
Other (List)
Bank charges on bank not on books		$	0.72

Balance per Books		$	93,727.04


In re Glencrest Investment Advisors, Inc.		Case No. 08-13128
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

Period

Amount

Check

Amount Paid

Year-To-Date

Payee

Covered

Payor

Number

Date

Fees

Expenses

Fees

Expenses

NONE


Bank of America LOGO		Account Number 9162
		01 01 149 01 M0000 E# 2
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
DEBTOR IN POSSESSION #08-13128
OPERATING ACCOUNT		Page 1 of 2
2058 N. MILLS AVE #139
CLAREMONT CA 91711		Bankruptcy Case Number: 0813128

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	10/01/2011 — 10/31/2011	Statement Beginning Balance	$	94,021.82
Number of Deposits/Credits	1	Amount of Deposits/Credits	$	580.22
Number of Checks	2	Amount of Checks	$	875.00
Number of Other Debits	1	Amount of Other Debits	$	0.72
		Statement Ending Balance	$	93,726.32
Number of Enclosures	2
		Service Charge	$	0.72

Deposits and Credits

Date

Customer

Bank

Posted

Reference

Amount

Description

Reference

10/18

580.22

CA BANKING CENTER DEPOSIT

299705760704475

Withdrawals and Debits

Checks

Check

Date

Bank

Check

Date

Bank

Number

Amount

Posted

Reference

Number

Amount

Posted

Reference

1147

325.00

10/25

6892257202

1148

550.00

10/31

6192658932

Other Debits

Date

Customer

Bank

Posted

Reference

Amount

Description

Reference

10/31

0.72

FDIC ASSESSMENT

Daily Balances


Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
09/30	$	94,021.82	$	93,438.30		10/21	$	94,602.04	$	94,567.23
10/03	$	94,021.82	$	93,986.81		10/24	$	94,602.04	$	94,602.04
10/04	$	94,021.82	$	94,021.82		10/25	$	94,277.04	$	94,277.04
10/18	$	94,602.04	$	94,021.82		10/31	$	93,726.32	$	93,726.32


		Account Number 9162
CUSTOMER CONNECTION		01 01 149 01 M0000 E# 2
BANK OF AMERICA, N.A.		Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406		This Statement: 10/31/2011

		Customer Service 1-800-342-7722
GLENCREST INVESTMENT ADVISORS, INC.
		Page 2 of 2

		Bankruptcy Case Number: 0813128

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

REPORTING OTHER PROBLEMS.

Glencrest Investment Advisors, Inc.
Transaction Detail by Account
October 2011

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

B of A Checking

10/03/2011

Journal Entry

283

-SPLIT-

-96.72

10/14/2011

Journal Entry

284

-SPLIT-

-325.00

-421.72

10/17/2011

Journal Entry

285

-SPLIT-

580.22

158.50

10/21/2011

Journal Entry

286

-SPLIT-

-550.00

-391.50

Total for B of A Checking

-391.50

CA Financial Ptnr Income

10/17/2011

Journal Entry

285

-SPLIT-

580.22

Total for CA Financial Ptnr Income

580.22

Bank Charges

10/03/2011

Journal Entry

283

-SPLIT-

96.72

Total for Bank Charges

96.72

Reliable Self Storage

10/21/2011

Journal Entry

286

-SPLIT-

550.00

Total for Reliable Self Storage

550.00

US Trustee

10/14/2011

Journal Entry

284

-SPLIT-

325.00

Total for US Trustee

325.00


Journal Entry		Adjusting Journal Entry: Recent

Date: 10/03/2011


Account	Debit		Credit

Bank Charges	$	96.72
B of A Checking			$	96.72


Totals	$	96.72	$	96.72

Memo: B of A — Sept



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/14/2011


Account	Debit		Credit

US Trustee	$	325.00
B of A Checking			$	325.00

Totals	$	325.00	$	325.00

Memo: Q3 ‘11



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/17/2011


Account	Debit		Credit

B of A Checking	$	580.22
CA Financial Ptnr Income			$	580.22

Totals	$	580.22	$	580.22

Memo: Sept ‘11 (31 of 48)



Journal Entry		Adjusting Journal Entry: Recent

Date: 010/21/2011


Account	Debit		Credit

Reliable Self Storage	$	550.00
B of A Checking			$	550.00

Totals	$	550.00	$	550.00

Memo: 11/1 — 11/30/11

Glencrest Investment Advisors, Inc.
Profit & Loss
October 2011


	Total
Income
CA Financial Ptnr Income		580.22

Total Income	$	580.22
Expenses
Bank Charges		96.72
Reliable Self Storage		550.00
US Trustee		325.00
Total Expenses	$	971.72

Net Operating Income	$	-391.50

Net Income	$	-391.50

Glencrest Investment Advisors, Inc.
Profit & Loss
December 8, 2008 — October 31, 2011


	Total
Income
Ameritrade Close Out		22,111.54
CA Financial Ptnr Income		16,495.38
Fees Billed		3,723.54
Misc Asset Sales — Claremont		30,277.00
Rental Income Palm Desert		27,573.93
Sublease — PFF		6,279.10
Trailer Income		3,263.56


Total Income	$	109,724.05
Expenses
Bank Charges		617.92
Computek I.T.		1,275.00
I 365 Data Storage		20,751.64
Janitorial — Claremont		1,720.00
Janitorial — Palm Desert		560.00
Legal & Professional Fees		-7097.45
Office Expenses		3,959.35
Other General and Admin Expenses		4,141.78
Payroll Expenses		27,603.90
Reliable Self Storage		15,937.74
Rent — Claremont		93,547.58
Rent — Palm Desert		32,194.67
Supplies		-233.34
Taxes & Licenses		2,480.41
US Trustee		5,525.00
Utilities		2,500.98
Utilities — Gas Co		939.56
Utilities — Phone and Data		13,180.03
Utilities — SCE		7,260.65
Utilities — Siemens		848.52
Utilities — Water		15.14


Total Expenses	$	227,729.08


Net Operating Income	$	-118,005.03
Other Income
Other Income		12,419.88

Total Other Income	$	12,419.88
Other Expenses
Miscellaneous		54.11

Total Other Expenses	$	54.11

Net Other Income	$	12,365.77


Net Income	$	-105,639.26

Glencrest Investment Advisors, Inc.
Balance Sheet
As of October 31, 2011


	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		93,727.04
PFF Checking		0.00
Prepaid Rent — Claremont		0.00

Total Bank Accounts	$	93,727.04

Total Current Assets	$	93,727.04
Other Assets
Advances to Trust		80,000.00
Lease Deposit		0.00
Net Income/Loss GIS		58,822.00
Prepaid — Other		17,680.08
Prepaid A/P		23,437.00
Prepaid Rent & CAM — Claremont		0.00
Prepaid Rent — Palm Desert		0.00
Prin Rec FHLMC SEC Fixed		2,916.92
Property & Equipment		492,486.00
Utility Deposit		0.00
Valuation Allowance		-43,570.00


Total Other Assets	$	631,772.00


TOTAL ASSETS	$	725,499.04

LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
125 Deductions		5,150.00
401K		469.00
Accrued Payroll		8,000.00
Accrued Vacation		34,313.00
Deferred Federal Inc Tax		93,597.00
Deferred State Franchise Tax		-137,167.00
Employer FICA Tax Payable		27.00
Fed Inc Tax W/H		178.00
Federal Employee FICA		27.00
Intercompany Payable		14,433.00
MISC Unapplied Funds		-224.00
Other Accrued Liability		40,000.00
State Tax W/H		34.00
Sublease Deposit		1.00

Total Long Term Liabilities	$	58,838.00

Total Liabilities	$	58,838.00


	Total
Equity
APIC		6,870,597.00
APIC — Retained Earnings		-6,206,986.00
Common Stock		3.00
Opening Balance Equity		-1.00
Retained Earnings		4,255.98
Net Income		-1207.94


Total Equity	$	666,661.04


TOTAL LIABILITIES AND EQUITY	$	725,499.04


In re Glencrest Investment Advisors, Inc.		Case No. 08-13128
		Reporting Period: 10/1/11 — 10/31/11

STATUS OF POSTPETITION TAXES

Amount

Ending

Beginning

Withheld or

Amount

Check No.

Tax

Federal

Tax Liability

Accrued

Paid

Date Paid

_____T

Liability

Withholding

NONE

FICA-Employee

NONE

FICA-Employer

NONE

Unemployment

NONE

Income

NONE

Other:

NONE

Total Federal Taxes

NONE

State and Local

Withholding

NONE

Sales

NONE

Excise

NONE

Unemployment

NONE

Real Property

NONE

Personal Property

NONE

Other:

NONE

Total State and Local

NONE

Total Taxes

NONE

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

Current

0-30

31-60

61-90

Over 90

Total

Accounts Payable

NONE

Wages Payable

NONE

Taxes Payable

NONE

Rent/Leases-Building

NONE

Rent/Leases-Equipment

NONE

Secured Debt/Adequate Protection Payments

NONE

Professional Fees

NONE

Amounts Due to Insiders^*

NONE

Other: _____________

NONE

Other: _____________

NONE

Total Postpetition Debts

NONE

Explain how and when the Debtor intends to pay any past-due postpetition debts.


^*		“Insider” is defined in 11 U.S.C. Section 101(31).


In re	Glencrest Investment Advisors, Inc.	08-13128
	Debtor	10/1/11 — 10/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period		NONE
+ Amounts billed during the period		NONE
- Amounts collected during the period		NONE
Total Accounts Receivable at the end of the reporting period		NONE
Accounts Receivable Aging
0 - 30 days old		NONE
31 -60 days old		NONE
61 - 90 days old		NONE
91+ days old		NONE
Total Accounts Receivable		NONE
Amount considered uncollectible (Bad Debt)		NONE
Accounts Receivable (Net)		NONE

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes		No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.				X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.				X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.		X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.		X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.				X

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE


In re Glencrest Insurance Services, Inc.		Case No. 08-13131
		Reporting Period: 10/1/11 — 10/31/11

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

Affidavit /

Document

Explanation

Supplement

REQUIRED DOCUMENTS

Form No.

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

YES

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1a

YES

Schedule of Professional Fees Paid

MOR-1b

YES

Copies of bank statements

YES

Cash disbursements journals

YES

Statement of Operations

MOR-2

YES

Balance Sheet

MOR-3

YES

Status of Post-petition Taxes

MOR-4

YES

Copies of IRS Form 6123 or payment receipt

N/A

Copies of tax returns filed during reporting period

N/A

Summary of Unpaid Post-petition Debts

MOR-4

YES

Listing of aged accounts payable

MOR-4

YES

Accounts Receivable Reconciliation and Aging

MOR-5

YES

Debtor Questionnaire

MOR-5

YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.



Signature of Debtor				Date


Signature of Joint Debtor				Date

/s/ Kevin McCarthy				November 20, 2011

Signature of Authorized Individual*				Date

Kevin McCarthy				CEO

Printed Name of Authorized Individual				Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re Glencrest Insurance Services, Inc.		Case No. 08-13131
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]


											CUMULATIVE FILING TO
	BANK ACCOUNTS						CURRENT MONTH				DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	91,263.01					$	91,263.01			$	44,046.24

RECEIPTS
CASH SALES	$	101.21					$	101.21			$	50,877.01
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS											$	307.22
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS	$	101.21					$	101.21			$	51,184.23

DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	96.70					$	96.70			$	387.95
SELLING
OTHER (ATTACH LIST)

OWNER DRAW*
TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	3,900.00
COURT COSTS
TOTAL DISBURSEMENTS	$	421.70					$	421.70			$	4,287.955

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(320.49	)				$	(320.49	)		$	46,896.28

CASH — END OF MONTH	$	90,942.52					$	90,942.52			$	90,942.52


*		COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	421.70
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	421.70

Account 8202

Account Name Glencrest Insurance Services, Inc.

Reconciliation As of Date 10/31/11


Balance per Bank		$	90,941.82

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total

Other (List)
Bank charges on bank not on books		$	0.70

Balance per Books		$	90,942.52


In re Glencrest Insurance Services, Inc.		Case No. 08-13131
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

Period

Amount

Check

Amount Paid

Year-To-Date

Payee

Covered

Payor

Number

Date

Fees

Expenses

Fees

Expenses

NONE


Bank of America LOGO		Account Number 8202
		01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406
		Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
DEBTOR IN POSSESSION #08-13131
2058 N. MILLS AVE #139		Page 1 of 3
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813131

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	10/01/2011 — 10/31/2011	Statement Beginning Balance	$	91,166.31
Number of Deposits/Credits	1	Amount of Deposits/Credits	$	101.21
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	1	Amount of Other Debits	$	0.70
		Statement Ending Balance	$	90.941.82
Number of Enclosures	1
		Service Charge	$	0.70

Deposits and Credits

Date

Customer

Posted

Reference

Amount

Description

Bank Reference

10/18

101.21

CA BANKING CENTER DEPOSIT

299705760704477

Withdrawals and Debits

Checks

Check

Date

Bank

Check

Date

Bank

Number

Amount

Posted

Reference

Number

Amount

Posted

Reference

1014

325.00

10/25

6892257205

Other Debits

Date

Customer

Bank

Posted

Reference

Amount

Description

Reference

10/31

0.70

FDIC ASSESSMENT

Daily Balances


Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
09/30	$	91,166.31	$	91,166.31		10/24	$	91,267.52	$	91,267.52
10/18	$	91,267.52	$	91,166.31		10/25	$	90,942.52	$	90,942.52
10/21	$	91,267.52	$	91,261.45		10/31	$	90,941.82	$	90,941.82


		Account Number 8202
CUSTOMER CONNECTION		01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.		Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406		This Statement: 10/31/2011

		Customer Service 1-800-342-7722
GLENCREST INSURANCE SERVICES, INC.
		Page 2 of 2

		Bankruptcy Case Number: 0813131

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.

*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

REPORTING OTHER PROBLEMS.

Glencrest Insurance Services, Inc.
Transaction Detail by Account
October 2011

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

B of A Checking

10/03/2011

Journal Entry

118

-SPLIT-

-96.70

10/14/2011

Journal Entry

119

-SPLIT-

-325.00

-421.70

10/17/2011

Journal Entry

120

-SPLIT-

101.21

-320.49

Total for B of A Checking

-320.49

Fees Billed

10/17/2011

Journal Entry

120

-SPLIT-

101.21

Total for Fees Billed

101.21

Bank Charges

10/03/2011

Journal Entry

118

-SPLIT-

96.70

Total for Bank Charges

96.70

US Trustee

10/14/2011

Journal Entry

119

-SPLIT-

325.00

Total for US Trustee

325.00



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/03/2011


Account	Debit		Credit

Bank Charges	$	96.70
B of A Checking			$	96.70

Totals	$	96.70	$	96.70

Memo: B of A — Sept



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/14/2011


Account	Debit		Credit

US Trustee	$	325.00
B of A Checking			$	325.00

Totals	$	325.00	$	325.00

Memo: Q3 ‘11



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/17/2011


Account	Debit		Credit

B of A Checking	$	101.21
Fees Billed			$	101.21

Totals	$	101.21	$	101.21

Memo: Transamerica

Glencrest Insurance Services, Inc.
Profit & Loss
October 2011


	Total
Income
Fees Billed		101.21

Total Income	$	101.21
Expenses
Bank Charges		96.70
US Trustee		325.00

Total Expenses	$	421.70

Net Operating Income	$	-320.49

Net Income	$	-320.49

Glencrest Insurance Services, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011


	Total
Income
Fees Billed		50,877.01

Total Income	$	50,877.01
Expenses
Bank Charges		387.95
Taxes & Licenses		0.00
US Trustee		3,900.00

Total Expenses	$	4,287.95

Net Operating Income	$	46,589.06
Other Income
Other Income		307.22

Total Other Income	$	307.22

Net Other Income	$	307.22

Net Income	$	46,896.28

Glencrest Insurance Services, Inc.
Balance Sheet
As of October 31, 2011


	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		90,942.52
Operating Acct		0.00
PFF Checking		0.00

Total Bank Accounts	$	90,942.52

Total Current Assets	$	90,942.52
Other Assets
Prepaid Expenses and Other Assets		36,194.00
Property & Equipment		16,201.00

Total Other Assets	$	52,395.00


TOTAL ASSETS	$	143,337.52

LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
Deferred Tax		36,194.00
Fees Payable		-322.00

Total Long Term Liabilities	$	35,872.00

Total Liabilities	$	35,872.00
Equity
APIC — R/E Dividends Paid		-5,440,000.00
APIC — Retained Earnings		5,480,569.00
Common Stock		20,000.00
Opening Balance Equity		0.24
Retained Earnings		46,960.14
Net Income		-63.86


Total Equity	$	107,465.52


TOTAL LIABILITIES AND EQUITY	$	143,337.52


In re Glencrest Insurance Services, Inc.		Case No. 08-13131
		Reporting Period: 10/1/11 — 10/31/11

STATUS OF POSTPETITION TAXES

Amount

Ending

Beginning

Withheld or

Amount

Check No.

Tax

Federal

Tax Liability

Accrued

Paid

Date Paid

_____T

Liability

Withholding

NONE

FICA-Employee

NONE

FICA-Employer

NONE

Unemployment

NONE

Income

NONE

Other:

NONE

Total Federal Taxes

NONE

State and Local

Withholding

NONE

Sales

NONE

Excise

NONE

Unemployment

NONE

Real Property

NONE

Personal Property

NONE

Other:

NONE

Total State and Local

NONE

Total Taxes

NONE

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

Current

0-30

31-60

61-90

Over 90

Total

Accounts Payable

NONE

Wages Payable

NONE

Taxes Payable

NONE

Rent/Leases-Building

NONE

Rent/Leases-Equipment

NONE

Secured Debt/Adequate Protection Payments

NONE

Professional Fees

NONE

Amounts Due to Insiders^*

NONE

Other: _____________

NONE

Other: _____________

NONE

Total Postpetition Debts

NONE

Explain how and when the Debtor intends to pay any past-due postpetition debts.


^*		“Insider” is defined in 11 U.S.C. Section 101(31).


In re		Glencrest Insurance Services, Inc. Debtor		08-13131 7/1-10/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period		NONE
+ Amounts billed during the period		NONE
- Amounts collected during the period		NONE
Total Accounts Receivable at the end of the reporting period		NONE
Accounts Receivable Aging
0 - 30 days old		NONE
31 -60 days old		NONE
61 - 90 days old		NONE
91+ days old		NONE
Total Accounts Receivable		NONE
Amount considered uncollectible (Bad Debt)		NONE
Accounts Receivable (Net)		NONE

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.			X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.			X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.			X

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE


In re Diversified Builder Services, Inc.		Case No. 08-13129
		Reporting Period: 10/1/11 — 10/31/11

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

Affidavit /

Document

Explanation

Supplement

REQUIRED DOCUMENTS

Form No.

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

YES

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1a

YES

Schedule of Professional Fees Paid

MOR-1b

YES

Copies of bank statements

YES

Cash disbursements journals

YES

Statement of Operations

MOR-2

YES

Balance Sheet

MOR-3

YES

Status of Post-petition Taxes

MOR-4

YES

Copies of IRS Form 6123 or payment receipt

N/A

Copies of tax returns filed during reporting period

N/A

Summary of Unpaid Post-petition Debts

MOR-4

YES

Listing of aged accounts payable

MOR-4

YES

Accounts Receivable Reconciliation and Aging

MOR-5

YES

Debtor Questionnaire

MOR-5

YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.


Signature of Debtor				Date

Signature of Joint Debtor				Date

/s/ Kevin McCarthy Signature of Authorized Individual*				November 20, 2011 Date

Kevin McCarthy Printed Name of Authorized Individual				CEO Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re Diversified Builder Services, Inc.		Case No. 08-13129
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]


											CUMULATIVE
	BANK ACCOUNTS						CURRENT MONTH				FILING TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL		PROJECTED
CASH BEGINNING OF MONTH	$	1,757,906.82					$	1,757,906.82			$	1,186,035.00

RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)											$	350,000.00
TRANSFERS (FROM DIP ACCTS)											$	227,179.23

TOTAL RECEIPTS											$	577,179.23

DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	109.54					$	109.54			$	1,742.61
SELLING
OTHER (ATTACH LIST)											$	99.34

OWNER DRAW*
TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	3,900.00
COURT COSTS
TOTAL DISBURSEMENTS	$	434.54					$	434.54			$	5,741.95

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(434.54	)				$	(434.54	)		$	571,437.28

CASH — END OF MONTH	$	1,757,472.28					$	1,757,472.28			$	1,757,472.28


*		COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	434.54
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	434.54

Account 9188

Account Name Diversified Builder Services, Inc.

Reconciliation As of Date 10/31/11


Balance per Bank		$	1,757,458.75

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total
Other (List)
Bank charges on bank not on books		$	13.53

Balance per Books		$	1,757,472.28


In re Diversified Builder Services, Inc.		Case No. 08-13129
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

Period

Amount

Check

Amount Paid

Year-To-Date

Payee

Covered

Payor

Number

Date

Fees

Expenses

Fees

Expenses

NONE


Bank of America LOGO		Account Number 9188
		01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406

		Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.
DEBTOR IN POSSESSION #08-13129
OPERATING ACCOUNT		Page 1 of 2
2058 N. MILLS AVE #139
CLAREMONT CA 91711		Bankruptcy Case Number: 0813129

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	10/01/2011 — 10/31/2011	Statement Beginning Balance	$	1,757,797.28
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	1	Amount of Other Debits	$	13.53
		Statement Ending Balance	$	1,757,458.75
Number of Enclosures	1
		Service Charge	$	13.53

Withdrawals and Debits

Checks

Check

Date

Bank

Check

Date

Bank

Number

Amount

Posted

Reference

Number

Amount

Posted

Reference

1015

325.00

10/25

6892257203

Other Debits

Date

Posted

Customer Reference

Amount

Description

Bank Reference

1031

13.53

FDIC ASSESSMENT

Daily Balances


Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
09/30	$	1,757,797.28	$	1,757,797.28		10/31	$	1,757,458.75	$	1,757,458.75
10/25	$	1,757,472.28	$	1,757,472.28


		Account Number 9188
CUSTOMER CONNECTION		01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.		Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406		This Statement: 10/31/2011

		Customer Service 1-800-342-7722
DIVERSIFIED BUILDER SERVICES, INC.

		Page 2 of 2

		Bankruptcy Case Number: 0813129

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.


*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error. For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

REPORTING OTHER PROBLEMS.

Diversified Builder Services, Inc.
Transaction Detail by Account
October 2011

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

B of A Checking

10/03/2011

Journal Entry

-SPLIT-

-109.54

10/14/2011

Journal Entry

-SPLIT-

-325.00

-434.54

Total for B of A Checking

-434.54

Bank Charges

10/03/2011

Journal Entry

-SPLIT-

109.54

Total for Bank Charges

109.54

U S Trustee

10/14/2011

Journal Entry

-SPLIT-

325.00

Total for U S Trustee

325.00



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/03/2011


Account	Debit		Credit

Bank Charges	$	109.54
B of A Checking			$	109.54

Totals	$	109.54	$	109.54

Memo: B of A — Sept



Journal Entry		Adjusting Journal Entry: Recent

Date: 10/14/2011


Account	Debit		Credit

US Trustee	$	325.00
B of A Checking			$	325.00

Totals	$	325.00	$	325.00

Memo: Q3 ‘11

Diversified Builder Services, Inc.
Profit & Loss
October 2011


	Total
Income
Total Income
Expenses
Bank Charges		109.54
U S Trustee		325.00

Total Expenses	$	434.54

Net Operating Income	$	-434.54

Net Income	$	-434.54

Diversified Builder Services, Inc.
Profit & Loss
December 5, 2008 — October 31, 2011


	Total
Income
Lafferty Tax Refunds		227,179.23


Total Income	$	227,179.23
Expenses
Appraisal Services		1,000.00
Bank Charges		742.61
Taxes & Licenses		0.00
U S Trustee		3,900.00

Total Expenses	$	5,642.61


Net Operating Income	$	221,536.62
Other Income
Other Income		-99.34

Total Other Income		-99.34

Net Other Income	$	-99.34


Net Income	$	221,437.28

Diversified Builder Services, Inc.
Balance Sheet
As of October 31, 2011


	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		1,757,472.28
PFF Checking		0.00
PFF Checking — 10102		0.00


Total Bank Accounts	$	1,757,472.28


Total Current Assets	$	1,757,472.28
Other Assets
100% Loan Loss — Comm Loans — MI		-300,000.00
Accounts Receivable		288,500.00
Commercial LOC — MI		4,300,000.00
Commercial LOC Contra Asset — CLS		-1,050.00
Def Income — Comm Non Accr		-217,552.00
Partial Charge-Offs Comm. Unsecured		-2,579,081.00
Property & Equipment		7,489.00
Val Allow — FIT Deferred Taxes		1,951,021.00
Val Allow — SIT Deferred Taxes		-6,886,601.00


Total Other Assets	$	-3,437,274.00


TOTAL ASSETS	$	-1,679,801.72

LIABILITIES AND EQUITY
Liabilities
Long Term Liabilities
Accrued Interest — Notes Payable		304,034.00
DBS Insurance Payable		160.00
Deferred Fed Income Taxes		1,951,021.00
Deferred Income		288,500.00
Deferred State Inc Taxes		-6,886,601.00
Intercompany Payable		6.00
Notes Payable		19,280,093.00


Total Long Term Liabilities	$	14,937,213.00


Total Liabilities	$	14,937,213.00


	Total
Equity
APIC		28,000,000.00
APIC — Retained Earnings		-44,838,453.00
Opening Balance Equity		1.00
Retained Earnings		223,036.84
Net Income		-1,599.56
Total Equity	$	-16,617,014.72


TOTAL LIABILITIES AND EQUITY	$	-1,679,801.72


In re Diversified Builder Services, Inc.		Case No. 08-13129
		Reporting Period: 10/1/11 — 10/31/11

STATUS OF POSTPETITION TAXES

Amount

Ending

Beginning

Withheld or

Amount

Check No.

Tax

Federal

Tax Liability

Accrued

Paid

Date Paid

_____T

Liability

Withholding

NONE

FICA-Employee

NONE

FICA-Employer

NONE

Unemployment

NONE

Income

NONE

Other:

NONE

Total Federal Taxes

NONE

State and Local

Withholding

NONE

Sales

NONE

Excise

NONE

Unemployment

NONE

Real Property

NONE

Personal Property

NONE

Other:

NONE

Total State and Local

NONE

Total Taxes

NONE

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

Current

0-30

31-60

61-90

Over 90

Total

Accounts Payable

NONE

Wages Payable

NONE

Taxes Payable

NONE

Rent/Leases-Building

NONE

Rent/Leases-Equipment

NONE

Secured Debt/Adequate Protection Payments

NONE

Professional Fees

NONE

Amounts Due to Insiders^*

NONE

Other:

NONE

Other:

NONE

Total Postpetition Debts

NONE

Explain how and when the Debtor intends to pay any past-due postpetition debts.


^*		“Insider” is defined in 11 U.S.C. Section 101(31).


In re Diversified Builder Services, Inc.		08-13129
Debtor		10/1/11 — 10/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period	$	4,300,000.00
- Amounts charged off during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period	$	4,300,000.00
Accounts Receivable Aging
0 - 30 days old
31 -60 days old
61 - 90 days old
91+ days old	$	4,300,000.00
Total Accounts Receivable	$	4,300,000.00
Amount considered uncollectible (Bad Debt)	$	2,579,081.00
Accounts Receivable (Net)	$	1,720,911.00

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

UNITED STATES BANKRUPTCY COURT
IN THE DISTRICT OF DELAWARE


In re PFF Real Estate Services, Inc.		Case No. 08-13130
		Reporting Period: 10/1/11 — 10/31/11

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month

Submit copy of report to any official committee appointed in the case.

Affidavit /

Document

Explanation

Supplement

REQUIRED DOCUMENTS

Form No.

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

YES

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1a

YES

Schedule of Professional Fees Paid

MOR-1b

YES

Copies of bank statements

YES

Cash disbursements journals

YES

Statement of Operations

MOR-2

YES

Balance Sheet

MOR-3

YES

Status of Post-petition Taxes

MOR-4

YES

Copies of IRS Form 6123 or payment receipt

N/A

Copies of tax returns filed during reporting period

N/A

Summary of Unpaid Post-petition Debts

MOR-4

YES

Listing of aged accounts payable

MOR-4

YES

Accounts Receivable Reconciliation and Aging

MOR-5

YES

Debtor Questionnaire

MOR-5

YES

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.


Signature of Debtor				Date

Signature of Joint Debtor				Date

/s/ Kevin McCarthy Signature of Authorized Individual*				November 20, 2011 Date

Kevin McCarthy Printed Name of Authorized Individual				CEO Title of Authorized Individual


*		Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re PFF Real Estate Services, Inc.		Case No. 08-13130
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]


											CUMULATIVE
	BANK ACCOUNTS						CURRENT MONTH				FILING TO DATE
	OPER.			PAYROLL	TAX	OTHER	ACTUAL			PROJECTED	ACTUAL			PROJECTED
CASH BEGINNING OF MONTH	$	21,977.21					$	21,977.21			$	25,725.04

RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE & OTHER TAXES
INVENTORY PURCHASES
SECURED RENTAL/LEASES
INSURANCE
ADMINISTRATIVE	$	96.17					$	96.17			$	269.00
SELLING
OTHER (ATTACH LIST)

OWNER DRAW*
TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES	$	325.00					$	325.00			$	3,900.00
COURT COSTS
TOTAL DISBURSEMENTS	$	421.17					$	421.17			$	4,169.00

NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)	$	(421.17	)				$	(421.17	)		$	(4,169.00	)

CASH — END OF MONTH	$	21,556.04					$	21,556.04			$	21,556.04


*		COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS	$	421.17
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS	$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)	$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	421.17

Account 8192

Account Name PFF Real Estate Services, Inc.

Reconciliation As of Date 10/31/11


Balance per Bank		$	21,555.87

Deposits in Transit
Date	Amount

Total

Outstanding Checks
Check #	Amount

Total
Other (List)

Bank charges on bank not on books		$	0.17

Balance per Books		$	21,556.04


In re PFF Real Estate Services, Inc.		Case No. 08-13130
		Reporting Period: 10/1/11 — 10/31/11

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

Period

Amount

Check

Amount Paid

Year-To-Date

Payee

Covered

Payor

Number

Date

Fees

Expenses

Fees

Expenses

NONE


Bank of America LOGO		Account Number 8192
		01 01 149 01 M0000 E# 1
CUSTOMER CONNECTION		Last Statement: 09/30/2011
BANK OF AMERICA, N.A.		This Statement: 10/31/2011
DALLAS, TEXAS 75283-2406

		Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
DEBTOR IN POSSESSION #08-13130
2058 N. MILLS AVE #139		Page 1 of 2
CLAREMONT CA 91711
		Bankruptcy Case Number: 0813130

CUSTOMER CONNECTION ECONOMY CHECKING

Account Summary Information


Statement Period	10/01/2011 — 10/31/2011	Statement Beginning Balance	$	21,881.04
Number of Deposits/Credits	0	Amount of Deposits/Credits	$	0.00
Number of Checks	1	Amount of Checks	$	325.00
Number of Other Debits	1	Amount of Other Debits	$	0.17
		Statement Ending Balance	$	21,555.87
Number of Enclosures	1
		Service Charge	$	0.17

Withdrawals and Debits

Checks

Check

Date

Bank

Check

Date

Bank

Number

Amount

Posted

Reference

Number

Amount

Posted

Reference

1013

325.00

10/25

6892257204

Other Debits

Date

Customer

Bank

Posted

Reference

Amount

Description

Reference

10/31

0.17

FDIC ASSESSMENT

Daily Balances


Date	Ledger Balance		Collected Balance		Date		Ledger Balance		Collected Balance
09/30	$	21,881.04	$	21,881.04		10/31	$	21,555.87	$	21,555.87
10/25	$	21,556.04	$	21,556.04


		Account Number 8192
CUSTOMER CONNECTION		01 01 149 01 M0000 E# 1
BANK OF AMERICA, N.A.		Last Statement: 09/30/2011
DALLAS, TEXAS 75283-2406		This Statement: 10/31/2011

		Customer Service 1-800-342-7722
PFF REAL ESTATE SERVICES, INC.
		Page 2 of 2

		Bankruptcy Case Number: 0813130

IMPORTANT INFORMATION

CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.


*		Tell us your name and account number

*		Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information

*		Tell us the dollar amount of the suspected error.

For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.

DIRECT DEPOSITS.

REPORTING OTHER PROBLEMS.

PFF Real Estate Services, Inc.
Transaction Detail by Account
October 2011

Date

Type

Num

Name

Memo/Description

Split

Amount

Balance

B of A Checking

10/03/2011

Journal Entry

-SPLIT-

-96.17

10/14/2011

Journal Entry

-SPLIT-

-325.00

-421.17

Total for B of A Checking

-421.17

Bank Charges

10/03/2011

Journal Entry

-SPLIT-

96.17

Total for Bank Charges

96.17

U S Trustee

10/14/2011

Journal Entry

-SPLIT-

325.00

Total for U S Trustee

325.00



Journal Entry
		Adjusting Journal Entry: Recent
Date: 10/03/2011


Account	Debit		Credit

Bank Charges	$	96.17
B of A Checking			$	96.17

Totals	$	96.17	$	96.17

Memo: B of A — Sept



Journal Entry
		Adjusting Journal Entry: Recent
Date: 10/14/2011


Account	Debit		Credit

US Trustee	$	325.00
B of A Checking			$	325.00

Totals	$	325.00	$	325.00

Memo: Q3 ‘11

PFF Real Estate Services, Inc.
Profit & Loss
October 2011


	Total
Income
Total Income
Expenses
Bank Charges		96.17
U S Trustee		325.00

Total Expenses	$	421.17

Net Operating Income	$	-421.17

Net Income	$	-421.17

PFF Real Estate Services, Inc.
Profit & Loss
December 8, 2008 — October 31, 2011


	Total
Income
Total Income
Expenses
Bank Charges		269.00
U S Trustee		3,900.00

Total Expenses	$	4,169.00

Net Operating Income	$	-4,169.00
Other Income
Other Income		0.04

Total Other Income	$	0.04

Net Other Income	$	0.04

Net Income	$	-4,168.96

PFF Real Estate Services, Inc.
Balance Sheet
As of October 31, 2011


	Total
ASSETS
Current Assets
Bank Accounts
B of A Checking		21,556.04
PFF Checking		0.00

Total Bank Accounts	$	21,556.04

Total Current Assets	$	21,556.04

TOTAL ASSETS	$	21,556.04

LIABILITIES AND EQUITY
Liabilities
Total Liabilities
Equity
APIC — Retained Earnings		-29,275.00
Common Stock		55,000.00
Opening Balance Equity		0.00
Retained Earnings		-2,744.06
Net Income		-1,424.90

Total Equity	$	21,556.04

TOTAL LIABILITIES AND EQUITY	$	21,556.04


In re PFF Real Estate Services, Inc.		Case No. 08-13130
		Reporting Period: 10/1/11 — 10/31/11

STATUS OF POSTPETITION TAXES

Amount

Ending

Beginning

Withheld or

Amount

Check No.

Tax

Federal

Tax Liability

Accrued

Paid

Date Paid

_____T

Liability

Withholding

NONE

FICA-Employee

NONE

FICA-Employer

NONE

Unemployment

NONE

Income

NONE

Other:

NONE

Total Federal Taxes

NONE

State and Local

Withholding

NONE

Sales

NONE

Excise

NONE

Unemployment

NONE

Real Property

NONE

Personal Property

NONE

Other:

NONE

Total State and Local

NONE

Total Taxes

NONE

SUMMARY OF UNPAID POSTPETITION DEBTS

Attach aged listing of accounts payable.

Number of Days Past Due

Current

0-30

31-60

61-90

Over 90

Total

Accounts Payable

NONE

Wages Payable

NONE

Taxes Payable

NONE

Rent/Leases-Building

NONE

Rent/Leases-Equipment

NONE

Secured Debt/Adequate Protection Payments

NONE

Professional Fees

NONE

Amounts Due to Insiders^*

NONE

Other:

NONE

Other:

NONE

Total Postpetition Debts

NONE

Explain how and when the Debtor intends to pay any past-due postpetition debts.


^*		“Insider” is defined in 11 U.S.C. Section 101(31).


In re PFF Real Estate Services, Inc.		08-13130
Debtor		10/1/11 — 10/31/11

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period		NONE
+ Amounts billed during the period		NONE
- Amounts collected during the period		NONE
Total Accounts Receivable at the end of the reporting period		NONE
Accounts Receivable Aging
0 - 30 days old		NONE
31 -60 days old		NONE
61 - 90 days old		NONE
91+ days old		NONE
Total Accounts Receivable		NONE
Amount considered uncollectible (Bad Debt)		NONE
Accounts Receivable (Net)		NONE

DEBTOR QUESTIONNAIRE


Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

PFF BANCORP INC - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - December 2, 2011

Attached files

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