Financial Highlights   Trend Analysis--Quarterly (click here for Annual Analysis) For the definition of a financial field, click on the field name. Balance Sheet ($000) 2009 Q3 2008 Q3 Y-Y Ch (%) 2009 Q2 Q-Q Ch (%)† Loans Held for Investment, before Reserves 292,959 320,586 (8.62) 307,087 (18.40) Loans Held for Sale, before Reserves 0 0 0.00 0 0.00 Loan Loss Reserve 10,325 6,883 50.01 9,688 26.30 Net Loans Receivable 282,634 313,703 (9.90) 297,399 (19.86) Intangible Assets 0 0 0.00 0 0.00 Total Assets 439,558 381,720 15.15 386,810 54.55 Deposits 377,814 294,967 28.09 323,488 67.18 Debt, Senior and Subordinated 34,325 54,606 (37.14) 34,325 0.00 Common Equity 25,598 30,360 (15.69) 27,271 (24.54) Total Shareholders' Equity 25,598 30,360 (15.69) 27,271 (24.54) Shares Outstanding (actual) 4,698,697 4,698,697 0.00 4,698,697 0.00 Income Statement ($000) 2009 Q3 2008 Q3 Y-Y Ch (%) 2009 Q2 Q-Q Ch (%)† Net Interest Income 2,686 2,639 1.78 2,677 1.34 Provision for Loan Losses 3,500 160 2,087.50 1,500 533.33 Noninterest Income 410 304 34.87 441 (28.12) Noninterest Expense 2,825 2,624 7.66 2,659 24.97 Net Income Before Taxes (3,229) 159 NM (1,219) 659.56 Provision for Taxes (1,095) 74 NM (414) 657.97 Net Income (2,134) 85 NM (805) 660.37 Per Share Items ($) 2009 Q3 2008 Q3 Y-Y Ch (%) 2009 Q2 Q-Q Ch (%)† Book Value per Share 5.45 6.46 (15.63) 5.80 (24.14) Tangible Book Value 5.45 6.46 (15.63) 5.80 (24.14) Diluted EPS Before Extra (0.45) 0.02 NM (0.17) 658.82 Diluted EPS After Extra (0.45) 0.02 NM (0.17) 658.82 Dividends Declared 0.0000 0.0000 0.00 0.0000 0.00 Performance Ratios (%) 2009 Q3 2008 Q3 Y-Y Ch (bp) 2009 Q2 Q-Q Ch (bp) ROAA (2.10) 0.02 (212) (0.84) (126) ROAE (31.43) 1.12 (3,255) (11.65) (1,978) Net Interest Margin 2.79 2.85 (6) 2.87 (8) Loans / Deposits 77.54 108.69 (3,114) 94.93 (1,739) Efficiency Ratio 91.25 89.16 209 91.02 23 Balance Sheet Ratios (%) 2009 Q3 2008 Q3 Y-Y Ch (bp) 2009 Q2 Q-Q Ch (bp) Tangible Equity/ Tangible Assets 5.82 7.95 (213) 7.05 (123) Equity/ Assets 5.82 7.95 (213) 7.05 (123) Asset Quality Ratios (%) 2009 Q3 2008 Q3 Y-Y Ch (bp) 2009 Q2 Q-Q Ch (bp) Nonperforming Assets/ Assets 6.90 2.41 449 7.43 (53) Loan Loss Reserves/ Gross Loans 3.52 2.15 138 3.15 37 Loan Loss Reserves/ NPAs 34.03 74.83 (4,080) 33.71 32 Net Charge-offs/ Avg Loans 3.82 0.03 379 1.57 225 Regulatory Capital Ratios (%) 2009 Q3 2008 Q3 Y-Y Ch (bp) 2009 Q2 Q-Q Ch (bp) Tier 1 Capital Ratio 8.88 9.31 (43) 9.46 (58)   † Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4   *  Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four. Copyright 2010, © SNL Financial LC  Terms of Use