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| Summary Financial Data - Premier Service Bank (Unaudited) |
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Financial Data - Premier Service Bank
(Unaudited)
Quarter Ended
------------------------------------------------
(In Thousands) Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
2006 2005 2005 2005 2005
--------------------- --------- --------- --------- --------- --------
Interest income (not
taxable equivalent) $1,934 $1,770 $1,564 $1,356 $1,220
Interest expense 280 254 190 115 79
--------- --------- --------- --------- --------
Net interest income 1,654 1,516 1,374 1,241 1,141
Provision for loan
losses 166 60 20 35 50
--------- --------- --------- --------- --------
Net interest income
after provision for
loan losses 1,488 1,456 1,354 1,206 1,091
Non-interest income 135 123 124 115 109
Non-interest expense 1,375 1,127 1,101 1,081 1,029
--------- --------- --------- --------- --------
Income before income
taxes 248 452 377 240 171
(Benefit)/Provision
for income taxes (89) (180) (105) (64) (49)
--------- --------- --------- --------- --------
Net income $337 $632 $482 $304 $220
========= ========= ========= ========= ========
Quarter Ended
------------------------------------------------
(In Thousands) Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
2006 2005 2005 2005 2005
--------------------- --------- --------- --------- --------- --------
Per share:
Net income - basic $0.28 $0.52 $0.40 $0.25 $0.18
Weighted average
shares used in basic 1,218 1,218 1,218 1,215 1,211
Book value at period
end $8.53 $8.27 $7.80 $7.50 $7.16
Ending shares 1,218 1,218 1,218 1,218 1,212
Balance Sheet - At Period-End
Cash and due from
banks $8,244 $8,074 $9,363 $7,817 $6,422
Investments and Fed
fund sold 31,430 41,375 45,556 37,388 27,254
Gross Loans 81,971 67,486 62,367 59,748 56,802
Deferred fees (242) (245) (230) (220) (220)
Allowance for loan
losses (975) (810) (750) (730) (695)
Net Loans 80,754 66,431 61,387 58,798 55,887
Other assets 2,561 2,249 2,049 1,801 1,493
--------- --------- --------- --------- --------
Total Assets $122,989 $118,129 $118,355 $105,804 $91,056
========= ========= ========= ========= ========
Non-interest-bearing
deposits $56,201 $50,276 $46,267 $48,263 $39,083
Interest-bearing
deposits 56,037 57,459 62,300 47,910 46,071
Other liabilities 363 328 291 504 230
Shareholders' equity 10,388 10,066 9,497 9,127 8,672
--------- --------- --------- --------- --------
Total Liabilities
and
Shareholders' $122,989 $118,129 $118,355 $105,804 $94,056
========= ========= ========= ========= ========
Asset Quality & Capital - At Period-End
Non-accrual loans $- $- $- $- $-
Loans past due 90
days or more - - - - -
Other real estate
owned - - - - -
--------- --------- --------- --------- --------
Total non-performing
assets $- $- $- $- $-
========= ========= ========= ========= ========
Allowance for losses
to loans, gross 1.2% 1.2% 1.2% 1.2% 1.2%
Non-accrual loans to
total loans, gross N/A N/A N/A N/A N/A
Non-performing asset
to total assets N/A N/A N/A N/A N/A
Allowance for losses
to non-performing
loans N/A N/A N/A N/A N/A
Total capital to
risk-adjusted assets 13.0% 14.3% 14.1% 14.4% 14.9%
Tier one capital to
risk-adjusted assets 11.9% 13.2% 13.0% 13.3% 13.7%
Equity to average
assets (leverage
ratio) 9.0% 8.6% 8.6% 9.3% 9.7%
Contact Information: Premier Service Bank, Riverside Kerry L. Pendergast or F. Dean Fletcher, 951-274-2400 © 2006 BusinessWire |
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