Cape Fear Bank (CAPE) 8-K Entry into a Material Definitive Agreement

Exhibit 10.2

2006 Base Salary Rates; 2005 Cash Bonus Amounts

The following table lists 2006 base salary rates and 2005 cash bonus amounts for our named executive officers.

Name and Title	Base Salary Rate		Cash Bonus Amount
Cameron Coburn Chairman, President and Chief Executive Officer	$	200,000	$	75,000
Larry W. Flowers Executive Vice President and Chief Credit Officer		130,000		35,000
Betty V. Norris Senior Vice President and Chief Financial Officer		135,000		35,000
Lynn M. Burney Senior Vice President and Chief Operations Officer		125,000		35,000