| | 2005 Y
| 2006 Y
| 2007 Y
| 2008 Y
| | 12/31/2005 | 12/31/2006 | 12/31/2007 | 12/31/2008 | | (In $000) | | Interest Income | 21,047 | 25,038 | 27,664 | 27,807 | | Interest Expense | 8,973 | 12,859 | 14,778 | 12,781 | | Net Interest Income | 12,074 | 12,179 | 12,886 | 15,026 | | FTE Net Interest Income | 12,532 | 13,362 | 13,792 | NA | | Provision for Loan Losses | 301 | 407 | 566 | 1,322 | ![]() | | Trading Account Income | 0 | 0 |
(444)
|
(401)
| | Foreign Exchange Income | 0 | 0 | 0 | 0 | | Trust Revenue | 10 | 12 | 12 | 6 | | Service Charges on Deposits | 2,361 | 2,563 | 2,652 | 2,749 | | Gain on Sale of Loans (FAS 140) | 786 | 732 | 850 | 1,420 | | Loan Fees & Charges | NA | 1 |
(16)
|
(75)
| | Bank-owned Life Insurance Revenue | 252 | 250 | 272 | 279 | | Insurance Revenue | 48 | 88 | 127 | 127 | | Investment Banking & Brokerage | 151 | 228 | 495 | 578 | | Other Noninterest Income | 1,063 | 746 | 895 | 1,114 | | Total Noninterest Income | 4,671 | 4,620 | 4,843 | 5,797 | | Realized Gain /
Loss on Securities | 2 |
(6)
| 66 |
(601)
| | Nonrecurring Revenue | 116 | 0 | 0 | 0 | ![]() | | Compensation & Benefits | 7,306 | 6,936 | 7,472 | 8,263 | | Occupancy and Equipment | 2,158 | 2,081 | 2,098 | 2,278 | | Marketing and Promotion Expense | 404 | 424 | 430 | 455 | | Professional Fees | 625 | 495 | 526 | 575 | | Tech & Communications Expense | 1,495 | 1,510 | 1,633 | 1,844 | | Amrt of Intang & Goodwill Impair | 323 | 323 | 323 | 263 | | Foreclosure & Repo | NA |
(278)
|
(79)
| NA | | Other Expense | 1,652 | 1,633 | 1,713 | 1,801 | | Total Noninterest Expense | 13,963 | 13,124 | 14,116 | 15,479 | | Nonrecurring Expense | 0 | 0 | 0 | 5 | ![]() | | Pre-Provision Net Revenue | 3,240 | 4,858 | 4,519 | 5,344 | | Net Income before Taxes | 2,599 | 3,262 | 3,113 | 3,416 | | Provision for Taxes | 643 | 1,006 | 822 | 864 | | Effective Tax Rate | 24.74 | 30.84 | 26.41 | 25.29 | | Min Int & Oth after-tax Items | 0 | 0 | 0 | 0 | | Extraordinary Items | 0 | 0 | 0 | 0 | | Net Income | 1,956 | 2,256 | 2,291 | 2,552 | | Net Income Attributable to Noncontrolling Int | 0 | 0 | 0 | 0 | | Net Income Attributable to Parent | 1,956 | 2,256 | 2,291 | 2,552 | | Preferred Dividends | 0 | 0 | 0 | 0 | | Other Preferred Dividends after Net Income | 0 | 0 | 0 | 0 | | Net Income Avail to Common | 1,956 | 2,256 | 2,291 | 2,552 | | Net Income for Diluted EPS | 1,956 | 2,256 | 2,291 | 2,552 | | EPS after Extra ($) | 0.84 | 1.00 | 1.03 | 1.17 | | EPS Growth after Extra (%) |
(18.40)
| 19.00 | 3.00 | 13.60 | | | | Interest Income/ Expense Detail (In $000) | | | | Interest Income Earned On: | | Interest Earned on Loans | 15,686 | NA | NA | 20,712 | | Int Inc: Securities | 5,611 | NA | NA | 6,667 | | Int Inc: Other Earn Assets | 208 | NA | NA | 428 | | Interest Earned on Securities and Other Assets | 5,819 | NA | NA | 7,095 | | Interest Earned on Total Earning Assets | 21,505 | 26,221 | 28,570 | 27,807 | | | | Interest Expense Incurred On: | | Int Exp: CDs | 3,683 | 5,047 | 5,895 | 4,810 | | Int Exp: Other Deposits | 1,531 | 2,846 | 4,351 | 3,846 | | Int Exp: Total Deposits | 5,214 | 7,893 | 10,246 | 8,656 | | Int Exp: Debt | 3,759 | 4,966 | 4,532 | 4,125 | | Int Exp: Total Int Bearing Liab | 8,973 | 12,859 | 14,778 | 12,781 | | |
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