Exhibit 99.1

Cascade Bancorp (Oregon) (Nasdaq: CACB) Announces First Quarter Results:
Earnings Per Share Up 22.6% at $0.33 Compared to $0.27 for the Year Ago  Quarter;
Deposits Rebound and Loan Volumes Rise Late in Quarter;
Net Interest Margin Compresses With Higher Cost of Funds

- Earnings Per Share: at $0.33 up 22.6% year-over-year and compared to $0.36 for the immediately preceding linked-quarter which included $.02 per share of tax related benefits

- Net Income: up 60.6% year-over-year at $9.5 million compared to $10.2 million for the immediately preceding linked-quarter

- Loan Growth: loans up 70.6% year-over-year and 9.5% on linked-quarter basis (annualized)

- Deposit Growth: deposits up 60.8% year-over-year and 32.0% on a linked-quarter basis (annualized)

- Net Interest Margin: decreased to 5.34% vs. 5.85% year-over-year and 5.54% for the linked-quarter

- Credit Quality: delinquent loans at .05% of total loans; net charge-offs at .12% (annualized)

          FINANCIAL PERFORMANCE:

          BEND, Ore., April 12 /PRNewswire-FirstCall/ -- Cascade Bancorp (“Cascade”) (Nasdaq: CACB) reported first quarter 2007 Diluted Earnings Per Share (EPS) at $0.33 per share up 22.6% from the $0.27 reported for the same quarter in 2006. Net Income for the period was $9.5 million versus $5.9 million for the first quarter of 2006.  The year-over-year increase was largely due to Cascade’s inclusion of Farmers & Merchants State Bank (F&M) of Idaho which was acquired on April 20, 2006.  The first quarter’s EPS of $0.33 was down from $0.36 for the prior quarter ended December 31, 2006, which benefited from tax related adjustments of approximately $0.02 per share. The net interest margin continued to compress at 5.34% for the quarter due to higher cost of funds and seasonal factors affecting average non-interest bearing deposits (see discussion below).  Return on Equity was 14.7% for the first quarter of 2007 and Return on Assets was a solid 1.70%.

          “Loan and deposit volumes turned upward towards the end of the first quarter of 2007, indicating we may be emerging from our seasonal slow period that has been exacerbated by the nationwide downturn in real estate,” said Patricia L. Moss, President and CEO.  “It is a great advantage that Cascade’s markets are expected to have sustained population in-migration underpinning the economic vitality of the regions into the next decade.”

          LOAN GROWTH AND CREDIT QUALITY:

          At March 31, 2007, Cascade’s Loan Portfolio was $1.9 billion, up 70.6% compared to the year ago period largely due to Cascade’s inclusion of loans from the F&M acquisition on April 20, 2006.  Loan growth during the current quarter was approximately $44.6 million or 9.5% on a linked-quarter basis (annualized).  Because much of this loan growth occurred late in the quarter, its effect on interest income was muted for the first quarter as a whole.

          Credit quality metrics remain solid at Cascade at March 31, 2007, with delinquent loans greater than 30 days past due at 0.05% of total loans compared to 0.18% at December 31, 2006.  Meanwhile, first quarter of 2007 net loan charge-offs were 0.12% (annualized) of total loans as compared to 0.17% for the linked-quarter.  Non-performing assets (NPA’s) were at $7.7 million or 0.33% of total assets, compared to $3.0 million at year-end 2006.  The increase in NPA’s is concentrated in three real estate development loans in the Southern Oregon region where real estate has softened more than in other markets within Cascade’s footprint.  These NPA’s are adequately reserved for in Cascade’s reserve for loan losses.  Note that residential real estate mortgage delinquency rates in the State of Oregon were the second lowest in the country at 2.6% for the fourth quarter of 2006, while Idaho was tenth at 3.4% compared to a national average of 4.95%.  As an aside, and although not a broad based indicator, the delinquency rate within Cascade’s portfolio of originated/sold residential mortgage loans was under 0.25% in Oregon and under 0.50% in Idaho.

          “Credit quality in our loan portfolio is performing relatively well despite the real estate downturn,” said Frank R. Weis, EVP and Chief Credit Officer.  “We expect that the nationwide correction in real estate will ultimately benefit our markets by virtue of a more sustainable rate of economic growth in the months and years ahead.”  He added, “We are carefully monitoring the progress of all our loans in the residential construction and development sector as borrowers adjust their business plans to reflect the changing pace of real estate activity.”

          Cascade’s provision for loan losses and commitments was $1.3 million for the first quarter of 2007 compared to $1.1 million in the year ago period and $1.5 million for the linked-quarter.  The Reserve for Loan (and Commitment) Losses was stable at 1.42% of total loans at March 31, 2007, unchanged from December 31, 2006, and compared to 1.40% a year ago.  Of this aggregate amount, the portion classified as a reserve for loan commitments is approximately 0.18% of gross loans.  This amount is recorded as a separate liability in the accompanying financial statements.  Management believes these reserves are at an appropriate level based upon its evaluation and analysis of portfolio credit quality and prevailing economic conditions. 

          DEPOSIT GROWTH:

          At March 31, 2007, Deposits were $1.8 billion, up 60.8% compared to the year ago period, largely due to the acquisition of F&M in April 2006.  While average deposits were flat at $1.7 billion on a linked-quarter basis, Cascade experienced a rebound in deposits late in the first quarter of 2007.  At March 31, 2007, deposits were up 32.0% (annualized) compared to December 31, 2006.  Included in this increase was a relatively large customer relationship deposit and a modest increase in brokered funds which accounted for approximately one half of this increase.

          Importantly, it appears that non-interest bearing deposits may have stabilized after several quarters of decline.  At quarter-end, non-interest bearing deposits were comparable to balances at December 31, 2006.  However, the average amount of non-interest bearing funds on deposit during the first quarter of 2007 declined as compared to the immediately preceding quarter, due to seasonal slowing exacerbated by the nationwide downturn in real estate. Average non-interest bearing deposits were 28.7% of total deposits for the current quarter compared to an average of 31.9% in the prior quarter. At March 31, 2007, non-interest bearing balances were 28.2% of total deposits compared to 30.7% at year-end 2006. 

          NET INTEREST MARGIN & INTEREST RATE RISK:

          Cascade reported a decline in its net interest margin (NIM) to 5.34% for the first quarter of 2007, compared to 5.54% for the preceding quarter and 5.85% for the year ago quarter.  The NIM compression was primarily a function of higher overall cost of funds resulting from the decline in average non-interest bearing deposits discussed above.  The overall cost of funds (including interest bearing and non-interest bearing) for the first quarter of 2007 was 3.03% as compared to 2.81% in the immediately preceding quarter and 1.72% for the year ago period.  The average cost of funds paid on interest bearing liabilities for the first quarter of 2007 was 4.00% as compared to 3.85% in the preceding quarter and 2.71% for the year ago quarter.  Yields on earning assets during the first quarter of 2007 were modestly higher at 8.31% compared to 8.28% in the immediately preceding quarter and 7.49% in the year ago quarter.  Looking forward, management expects the NIM may continue to ease as a result of ongoing competitive pricing pressures and a persistent flat yield curve that can affect both rate and mix of funding sources.

          The NIM can also be affected by factors beyond market interest rates, including loan or deposit volume shifts and/or aggressive rate offerings by competitor institutions.  Cascade’s financial model indicates a relatively stable interest rate risk profile within a reasonable range of rate movements around the forward rates currently predicted by financial markets.  Because of its relatively high proportion of non-interest bearing funds, Cascade’s NIM is most adversely affected in the event short term market rates fall to a very low level.  See cautionary “Forward Looking Statements” below and Cascade’s Form 10-K report for further information on risk factors including interest rate risk. 

          NON-INTEREST INCOME AND EXPENSE:

          Non-Interest Income for the first quarter of 2007 was $5.5 million, 72.0% above the year ago period due to the inclusion of F&M results and as compared to $4.7 million on a linked-quarter basis.  For the first quarter of 2007, residential mortgage originations totaled $42.5 million, up 11.9% from the year ago period.  Related net mortgage revenue was $.7 million, an increase of 22.1% compared to $.6 million for the year ago period and compared to $.8 million for the prior quarter.

          Non-Interest Expense for the first quarter of 2007 increased 64.2% compared to the first quarter of 2006 as a result of the acquisition of F&M. As compared to the immediately preceding quarter, non-interest expense was up 2.9% mainly due to the effect of annual merit salary increases as well as increased staffing levels to support Cascade’s infrastructure and ongoing growth goals. 

          BUSINESS STRATEGY:

          Operating in some of the fastest growing markets in the nation, Cascade Bancorp (headquartered in Bend, Oregon) and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets.  In terms of banking growth markets, Cascade ranks as the top community bank footprint in the Northwest and among the top ten banks in the nation(1).  Cascade has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. The Bank implements its strategy by combining outstanding service, competitive financial products, local expertise and advanced technology applied for the convenience of customers.

          Founded in 1977, Bank of the Cascades offers full-service community banking through 33 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has been rated among the top performing banks in the nation for the ninth consecutive year by Independent Community Bankers of America, as well as being named the 2007 top community bank in the Northwest by US Banker Magazine. The Bank is honored to be among the top 40 “Best 100 Companies to Work For in Oregon, 2007,” compiled by Oregon Business Magazine. For further information on Bank of the Cascades, please visit our web site at http://www.botc.com. 

          FORWARD LOOKING STATEMENTS

          This release contains forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which Cascade is conducting its operations. For a discussion of factors, which could cause results to differ, please see Cascade’s reports on Forms 10-K and 10-Q as filed with the Securities and Exchange Commission and Cascade’s press releases. When used in this release, the words or phrases such as “will likely result in”, “management expects that”, “will continue”, “is anticipated”, “estimate”, “projected”, or similar expressions, are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. Cascade undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. This statement is included for the express purpose of protecting Cascade Bancorp and PSLRA’s safe harbor provisions.

          The ability of Cascade to predict results or the actual effect of future plans and strategies is uncertain, and actual results may differ. You can obtain documents filed by Cascade free of charge at the website maintained by the SEC at www.sec.gov. In addition, you may obtain documents filed with the SEC by Cascade Bancorp free of charge by contacting: Investor Relations, Cascade Bancorp, 1100 NW Wall St., PO Box 369, Bend, OR 97701 (541) 385-6205.  

          (1) Projected MSA population growth 2005-2010, weighted by bank deposits; Includes all public banks with assets $2B - $10B (ex-M&A targets);  Source SNL Financial LC / ESRI

CASCADE BANCORP
Selected Consolidated Financial Highlights
(In thousands, except per share data and ratios; unaudited)

	Year over Year									Linked Quarter
Balance Sheet Data (at period end)	1st Qtr 2007			1st Qtr 2006			% Change			1st Qtr 2007			4th Qtr 2006			% Change
Investment securities	$	110,544		$	63,952			72.9	%	$	110,544		$	106,923			3.4	%
Loans, gross		1,931,899			1,132,369			70.6	%	$	1,931,899			1,887,263			2.4	%
Total assets		2,317,166			1,350,664			71.6	%	$	2,317,166			2,249,314			3.0	%
Total deposits		1,794,472			1,115,870			60.8	%	$	1,794,472			1,661,616			8.0	%
Non-interest bearing deposits		506,775			458,406			10.6	%	$	506,775			509,920			-0.6	%
Core Deposits (A)		1,605,314			1,080,360			48.6	%	$	1,605,314			1,462,084			9.8	%
Total shareholders’ equity		269,269			110,410			143.9	%	$	269,269			261,076			3.1	%
Income Statement Data
Interest income	$	41,377		$	21,727			90.4	%	$	41,377		$	42,047			-1.6	%
Interest expense		14,831			4,820			207.7	%		14,831			13,973			6.1	%
Net interest income		26,546			16,906			57.0	%		26,546			28,074			-5.4	%
Provision for loan losses and commitments		1,250			1,100			13.6	%		1,250			1,500			-16.7	%
Net interest income after loan loss provision		25,296			15,806			60.0	%		25,296			26,574			-4.8	%
Noninterest income		5,546			3,225			72.0	%		5,546			4,725			17.4	%
Noninterest expense		15,600			9,500			64.2	%		15,600			15,153			2.9	%
Income before income taxes		15,242			9,531			59.9	%		15,242			16,146			-5.6	%
Provision for income taxes		5,721			3,603			58.8	%		5,721			5,923			-3.4	%
Net income	$	9,521		$	5,928			60.6	%	$	9,521		$	10,223			-6.9	%
Share Data (B)
Basic earnings per common share	$	0.34		$	0.28			20.9	%	$	0.34		$	0.36			-7.1	%
Diluted earnings per common share	$	0.33		$	0.27			22.6	%	$	0.33		$	0.36			-6.8	%
Book value per common share	$	9.47		$	5.15			83.7	%	$	9.47		$	9.22			2.7	%
Tangible book value per common share	$	5.40		$	4.84			11.5	%	$	5.40		$	5.11			5.6	%
Cash dividends declared per common share	$	0.09		$	0.07			25.0	%	$	0.09		$	0.09			0.0	%
Ratio of dividends declared to net income		26.72	%		25.85	%		3.4	%		26.72	%		24.82	%		7.6	%
Basic Average shares outstanding		28,269			21,280			32.8	%		28,269			28,198			0.3	%
Fully Diluted average shares outstanding		28,729			21,927			31.0	%		28,729			28,751			-0.1	%
Key Ratios
Return on average total shareholders’ equity (book)		14.67	%		22.67	%		-35.3	%		14.67	%		15.93	%		-7.9	%
Return on average total shareholders’ equity (tangible) (C)		26.21	%		24.20	%		8.3	%		26.21	%		29.37	%		-10.8	%
Return on average total assets		1.70	%		1.90	%		-10.5	%		1.70	%		1.80	%		-5.6	%
Net interest spread		4.32	%		4.78	%		-9.6	%		4.32	%		4.44	%		-2.7	%
Net interest margin		5.34	%		5.85	%		-8.7	%		5.34	%		5.54	%		-3.6	%
Total revenue (net int inc + non int inc)	$	32,092		$	20,131			59.4	%	$	32,092		$	32,799			-2.2	%
Efficiency ratio (D)		48.61	%		47.19	%		3.0	%		48.61	%		46.20	%		5.2	%
Asset Quality Ratios
Loan loss reserve on loans and loan commitments		27,475			15,822			73.7	%		27,475			26,798			2.5	%
Reserve to ending total loans		1.42	%		1.40	%		1.8	%		1.42	%		1.42	%		0.2	%
Non-performing assets (E)		7,651			—			100.0	%		7,651			3,005			154.6	%
Non-performing assets to total assets		0.33	%		0.00	%		100.0	%		0.33	%		0.13	%		147.2	%
Delinquent >30 days to total loans		0.05	%		0.01	%		555.4	%		0.05	%		0.18	%		-71.6	%
Net Charge off’s		573			(35	)		1737.1	%		573			790			-27.5	%
Net loan charge-offs (annualized)		0.12	%		-0.01	%		1028.4	%		0.12	%		0.17	%		-28.0	%
Mortgage Activity
Mortgage Originations	$	42,530		$	38,004			11.9	%	$	42,530		$	47,099			-9.7	%
Total Servicing Portfolio (sold loans)	$	492,137		$	498,843			-1.3	%	$	492,137		$	494,882			-0.6	%
Capitalized Mortgage Servicing Rights (MSR’s)	$	3,991		$	4,359			-8.4	%	$	3,991		$	4,096			-2.6	%
Capital Ratios
Average shareholders’ equity to average assets		11.56	%		8.40	%		37.7	%		11.56	%		11.48	%		0.7	%
Leverage ratio (F)
(Est Q1-07)		9.94	%		11.00	%		-9.6	%		9.94	%		9.82	%		1.2	%
Total risk-based capital ratio (F)
(Est Q1-07)		11.33	%		12.90	%		-12.2	%		11.33	%		11.26	%		0.6	%

Notes:
(A)	Core deposits include  all demand, interest bearing demand, savings plus time deposits of amounts less than $100,000.
(B)	Adjusted to reflect a 25% (5:4) stock split declared in October 2006.
(C)	Excludes goodwill, core deposit intangible and other identifiable intangible assets, related to the acquisitions of Community Bank of Grants Pass and F&M Holding Company.
(D)	Efficiency ratio is noninterest expense divided by (net interest income + noninterest income).
(E)	Nonperforming assets consist of loans contractually past due 90 days or more, nonaccrual loans and other real estate owned.
(F)	Computed in accordance with FRB and FDIC guidelines.

                    Total Shares Outstanding as of 3/31/07: 28,446,129

CASCADE BANCORP (CACB)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
(unaudited)

	Year over Year								Linked Quarter
	1st Qtr 2007			1st Qtr 2006		% Change			4th Qtr 2006		% Change
Interest income:
Interest and fees on loans	$	39,837		$	20,739		92.1	%	$	40,347		-1.3	%
Taxable interest on investments		1,316			556		136.7	%		1,407		-6.5	%
Nontaxable interest on investments		80			47		70.2	%		82		-2.4	%
Interest on federal funds sold		56			265		-78.9	%		79		-29.1	%
Interest on interest bearing balances from FHLB		81			120		-32.5	%		125		-35.2	%
Dividends on Federal Home Loan Bank stock		7			—		100.0	%		7		0.0	%
Total interest income		41,377			21,727		90.4	%		42,047		-1.6	%
Interest expense:
Deposits:
Interest bearing demand		6,875			3,317		107.3	%		6,315		8.9	%
Savings		57			29		96.6	%		65		-12.3	%
Time		3,598			513		601.4	%		3,310		8.7	%
Junior subordinated debentures and other borrowings		4,301			961		347.6	%		4,283		0.4	%
Total interest expense		14,831			4,820		207.7	%		13,973		6.1	%
Net interest income		26,546			16,907		57.0	%		28,074		-5.4	%
Loan loss provision		1,250			1,100		13.6	%		1,500		-16.7	%
Net interest income after loan loss provision		25,296			15,807		60.0	%		26,574		-4.8	%
Noninterest income:
Service charges on deposit accounts		2,207			1,463		50.9	%		2,189		0.8	%
Mortgage loan origination and processing fees		435			457		-4.8	%		489		-11.0	%
Gains on sales of mortgage loans, net		241			102		136.3	%		294		-18.0	%
Net mortgage loan servicing fees		9			2		350.0	%		24		-62.5	%
Gains on sale of other real estate owned		(10	)		—		-100.0	%		10		-200.0	%
Card issuer and merchant services fees, net		887			611		45.2	%		943		-5.9	%
Earnings on bank-owned life insurance		458			169		171.0	%		197		132.5	%
Other income		1,319			420		214.0	%		579		127.8	%
Total noninterest income		5,546			3,224		72.0	%		4,725		17.4	%
Noninterest expense:
Salaries and employee benefits		9,214			5,855		57.4	%		9,031		2.0	%
Occupancy		1,016			644		57.8	%		966		5.2	%
Equipment		560			393		42.5	%		568		-1.4	%
Communications		548			295		85.8	%		437		25.4	%
Advertising		317			161		96.9	%		266		19.2	%
Other expenses		3,945			2,152		83.3	%		3,885		1.5	%
Total noninterest expense		15,600			9,500		64.2	%		15,153		2.9	%
Income before income taxes		15,242			9,531		59.9	%		16,146		-5.6	%
Provision for income taxes		5,721			3,603		58.8	%		5,923		-3.4	%
Net income	$	9,521		$	5,928		60.6	%	$	10,223		-6.9	%
Basic net income per common share	$	0.34		$	0.28		20.9	%	$	0.36		-7.1	%
Diluted net income per common share	$	0.33		$	0.27		22.6	%	$	0.36		-6.8	%

CASCADE BANCORP (CACB)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
(unaudited)

	Year over Year							Linked Quarter
	1st Qtr 2007		1st Qtr 2006		% Change			4th Qtr 2006		% Change
ASSETS
Cash and cash equivalents:
Cash and due from banks	$	61,815	$	44,952		37.5	%	$	54,962		12.5	%
Interest bearing balances due from FHLB		10,459		19,074		-45.2	%		47		22153.2	%
Federal funds sold		7,800		32,556		-76.0	%		650		1100.0	%
Total cash and cash equivalents		80,074		96,582		-17.1	%		55,659		43.9	%
Investment securities available-for-sale		106,852		60,118		77.7	%		103,228		3.5	%
Investment securities held-to-maturity		3,692		3,834		-3.7	%		3,695		-0.1	%
Federal Home Loan Bank stock		6,991		3,241		115.7	%		6,991		0.0	%
Loans, net		1,907,837		1,116,547		70.9	%		1,863,677		2.4	%
Premises and equipment, net		36,356		22,796		59.5	%		40,553		-10.3	%
Goodwill		105,056		6,351		1554.2	%		105,047		0.0	%
Core deposit intangible		10,687		345		2997.7	%		11,082		-3.6	%
Bank-owned life insurance		32,188		16,195		98.8	%		31,730		1.4	%
Accrued interest and other assets		27,433		24,654		11.3	%		27,652		-0.8	%
Total assets	$	2,317,166	$	1,350,663		71.6	%	$	2,249,314		3.0	%
LIABILITIES & STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Demand	$	506,775	$	458,093		10.6	%	$	509,920		-0.6	%
Interest bearing demand		894,141		539,431		65.8	%		791,768		12.9	%
Savings		44,466		35,238		26.2	%		46,522		-4.4	%
Time deposits		349,090		83,108		320.0	%		313,406		11.4	%
Total deposits		1,794,472		1,115,870		60.8	%		1,661,616		8.0	%
Junior subordinated debentures		68,558		47,939		43.0	%		68,558		0.0	%
Federal funds purchased		—		—		0.0	%		15,177		-100.0	%
Other borrowings		118,222		61,046		93.7	%		171,290		-31.0	%
Customer repurchase agreements		38,227		—		100.0	%		44,018		-13.2	%
Accrued interest and other liabilities		28,418		15,398		84.6	%		27,579		3.0	%
Total liabilities		2,047,897		1,240,253		65.1	%		1,988,238		3.0	%
Stockholders’ equity:
Common stock, no par value;		163,321		34,846		368.7	%		162,199		0.7	%
Retained earnings		105,075		74,964		40.2	%		98,112		7.1	%
Unrealized gains on investment securities available-for-sale, net of deferred income taxes		873		600		45.5	%		765		14.1	%
Total stockholders’ equity		269,269		110,410		143.9	%		261,076		3.1	%
Total liabilities and stockholders’ equity	$	2,317,166	$	1,350,663		71.6	%	$	2,249,314		3.0	%

CASCADE BANCORP (CACB)
LOANS AND RESERVE FOR LOAN LOSSES
(in thousands, except percentages)
(unaudited)

Loan portfolio	Mar 31, 2007		% of gross loans			Dec 31, 2006		% of gross loans
Commercial	$	579,627		30	%	$	560,728		30	%
Real Estate:
Construction/lot		610,677		32	%		588,251		31	%
Mortgage		82,311		4	%		80,860		4	%
Commercial		605,635		31	%		606,340		32	%
Consumer		53,649		3	%		51,083		3	%
Total loans		1,931,899		100	%		1,887,262		100	%
Less reserve for loan losses		24,062					23,585
Total loans, net	$	1,907,837				$	1,863,677

	Three months ended March 31,
Reserve for loan losses	2007			2006
Balance at beginning of period	$	23,585		$	14,688
Loan loss provision		1,250			1,100
Recoveries		298			214
Loans charged off		(871	)		(180	)
Transfer to reserve for unfunded commitments		(200	)		—
Balance at end of period	$	24,062		$	15,822

CASCADE BANCORP (CACB)
ADDITIONAL FINANCIAL INFORMATION
(in thousands, except per share data & ratios)
(unaudited)

	Year over Year							Linked Quarter
	1st Qtr 2007		1st Qtr 2006		% Change			4th Qtr 2006		% Change
Three Months Ended:
Average Assets		2,277,448		1,262,829		80.3	%		2,255,598		1.0	%
Average Loans		1,897,656		1,076,155		76.3	%		1,882,766		0.8	%
Average Deposits		1,666,471		1,054,287		58.1	%		1,660,344		0.4	%
Average Non Interest Bearing Deposits		478,677		416,803		14.8	%		529,400		-9.6	%
Average Earnings Assets		2,023,475		1,176,154		72.0	%		2,019,103		0.2	%
Average Interest Bearing Liabilities		1,504,662		721,825		108.5	%		1,440,907		4.4	%
Average Common Equity (book)		263,297		106,045		148.3	%		254,571		3.4	%
Average Common Equity (tangible)		147,328		99,334		48.3	%		138,116		6.7	%

	1st Qtr 2007		1st Qtr 2006		% Change			4th Qtr 2006		% Change
Balances as of:
Mortgage loans held for sale		2,673		1,886		41.7	%		3,027		-11.7	%
Intangibles & goodwill		115,743		6,697		1628.3	%		116,129		-0.3	%
Non-performing Loans		7,651		—		100.0	%		2,679		185.6	%
OREO		—		—		0.0	%		326		-100.0	%
Total Non-performing assets		7,651		—		100.0	%		3,005		154.6	%
Shares Outstanding (actual)		28,446,129		21,439,884		32.7	%		28,330,259		0.4	%

SOURCE  Cascade Bancorp
          -0-                                                       04/12/2007
          /CONTACT:  Gregory D. Newton, EVP, Chief Financial Officer, +1-541-617-3526, or Patricia L. Moss, President & Chief Executive Officer, +1-541-385-6205, both of Cascade Bancorp/
          /Web site:  http://www.botc.com/
          (CACB)