| | 2005 Y
| 2006 Y
| 2007 Y
| 2008 Y
| | 12/31/2005 | 12/31/2006 | 12/31/2007 | 12/31/2008 | | (In $000) | | Interest Income | 19,698 | 31,638 | 36,226 | 35,663 | | Interest Expense | 4,902 | 9,263 | 13,871 | 13,768 | | Net Interest Income | 14,796 | 22,375 | 22,355 | 21,895 | | FTE Net Interest Income | 15,001 | 22,687 | 22,872 | 22,532 | | Provision for Loan Losses | 870 | 2,640 | 7,800 | 17,595 | ![]() | | Trading Account Income | 0 | 0 | 0 | 0 | | Foreign Exchange Income | 0 | 0 | 152 | NA | | Trust Revenue | 598 | 602 | 692 | 609 | | Service Charges on Deposits | 553 | 695 | 683 | 801 | | Gain on Sale of Loans (FAS 140) | 0 | 0 | 0 | 0 | | Loan Fees & Charges | NA | NA | NA | NA | | Bank-owned Life Insurance Revenue | 390 | 516 | 570 | 614 | | Insurance Revenue | NA | NA | NA | NA | | Investment Banking & Brokerage | NA | NA | NA | NA | | Other Noninterest Income | 885 | 1,360 | 1,630 | 1,583 | | Total Noninterest Income | 2,426 | 3,173 | 3,727 | 3,607 | | Realized Gain /
Loss on Securities |
(232)
|
(348)
|
(265)
|
(1,924)
| | Nonrecurring Revenue | 0 | 0 | 0 | 0 | ![]() | | Compensation & Benefits | 6,845 | 8,567 | 9,488 | 9,202 | | Occupancy and Equipment | 1,498 | 2,110 | 2,280 | 2,546 | | Marketing and Promotion Expense | 308 | 365 | 411 | NA | | Professional Fees | 717 | 1,131 | 1,579 | 1,202 | | Tech & Communications Expense | 444 | 877 | 959 | 1,029 | | Amrt of Intang & Goodwill Impair | 17 | 104 | 104 | 35 | | Foreclosure & Repo |
(225)
|
(36)
| 447 | 2,418 | | Other Expense | 2,700 | 2,981 | 3,453 | 2,981 | | Total Noninterest Expense | 12,304 | 16,099 | 18,721 | 19,413 | | Nonrecurring Expense | 0 | 0 | 0 | 0 | ![]() | | Pre-Provision Net Revenue | 5,123 | 9,761 | 7,878 | 6,726 | | Net Income before Taxes | 3,816 | 6,461 |
(704)
|
(13,430)
| | Provision for Taxes | 859 | 1,702 |
(790)
|
(5,332)
| | Effective Tax Rate | 22.51 | 26.34 | NM | NM | | Min Int & Oth after-tax Items | 0 | 0 | 0 | 0 | | Extraordinary Items | 0 | 0 | 0 | 0 | | Net Income | 2,957 | 4,759 | 86 |
(8,098)
| | Net Income Attributable to Noncontrolling Int | 0 | 0 | 0 | 0 | | Net Income Attributable to Parent | 2,957 | 4,759 | 86 |
(8,098)
| | Preferred Dividends | 0 | 0 | 0 | 0 | | Other Preferred Dividends after Net Income | NA | 0 | 0 | 0 | | Net Income Avail to Common | 2,957 | 4,759 | 86 |
(8,098)
| | Net Income for Diluted EPS | 2,957 | 4,759 | 86 |
(8,098)
| | EPS after Extra ($) | 0.66 | 0.93 | 0.02 |
(1.60)
| | EPS Growth after Extra (%) | 40.40 | 40.90 |
(97.80)
| NM | | | | Interest Income/ Expense Detail (In $000) | | | | Interest Income Earned On: | | Interest Earned on Loans | 16,967 | 28,521 | 33,191 | 33,081 | | Int Inc: Securities | 2,693 | 3,021 | 3,248 | 2,918 | | Int Inc: Other Earn Assets | 243 | 408 | 304 | 301 | | Interest Earned on Securities and Other Assets | 2,936 | 3,429 | 3,552 | 3,219 | | Interest Earned on Total Earning Assets | 19,903 | 31,950 | 36,743 | 36,300 | | | | Interest Expense Incurred On: | | Int Exp: CDs | 3,506 | 7,022 | 10,602 | 11,420 | | Int Exp: Other Deposits | 846 | 1,321 | 2,260 | 1,696 | | Int Exp: Total Deposits | 4,352 | 8,343 | 12,862 | 13,116 | | Int Exp: Debt | 550 | 920 | 1,009 | 652 | | Int Exp: Total Int Bearing Liab | 4,902 | 9,263 | 13,871 | 13,768 | | |
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