|
 |
Investor Relations
Bank of Evansville, N.A.
Statement of Income
for the quarters ended March 31, 2004 and 2003
| |
2004 |
2003 |
| Interest income: |
|
|
|
| Interest and fees on loans |
|
$ 1,313,625 |
$ 1,067,005 |
| Securities: |
|
|
|
| U.S. government agencies and |
|
|
|
| corporations |
|
151,976 |
80,842 |
| Other |
|
8,606 |
6,617 |
| Federal funds sold |
|
5,407 |
9,499 |
| Deposits with other banks |
|
13,532 |
3,820 |
| |
|
1,493,146 |
1,167,783 |
| Interest expense: |
|
|
|
| Deposits |
|
485,164 |
477,027 |
| Federal funds purchased |
|
123 |
51 |
| Notes payable |
|
- |
- |
| |
|
485,287 |
477,078 |
| Net interest income (loss) |
|
1,007,859 |
690,705 |
| Provision for loan losses |
|
140,000 |
50,000 |
| Net interest income (loss) after provision |
|
|
|
| for loan losses |
|
867,859 |
640,705 |
| |
|
|
|
| Other income: |
|
|
|
| Service charges on deposit accounts |
|
19,414 |
14,122 |
| Gain on sale of loans |
|
77,379 |
76,970 |
| Gain on sale of securities |
|
7,215 |
- |
| Other |
|
50,260 |
9,519 |
| |
|
154,268 |
100,611 |
| Other expense: |
|
|
|
| Salaries and benefits |
|
521,514 |
389,556 |
| Occupancy and equipment |
|
95,839 |
79,259 |
| Marketing |
|
17,107 |
12,139 |
| Data processing |
|
51,758 |
43,717 |
| Supplies postage & printing |
|
16,091 |
23,049 |
| Legal and professional |
|
88,549 |
59,941 |
| Other |
|
110,922 |
79,765 |
| |
|
901,780 |
687,426 |
| Income (loss) before income taxes |
|
120,347 |
53,890 |
| Income taxes |
|
- |
- |
| Net income (loss) |
|
$ 120,347 |
$ 53,890 |
| |
|
|
|
| Basic earnings (loss) per share |
|
$ 0.08 |
$ 0.05 |
| Diluted earnings (loss) per share |
|
$ 0.08 |
$ 0.05 |
| |
|
|
|
| Weighted Average Shares outstanding |
|
|
|
| Basic |
|
1,499,042 |
1,163,708 |
| Diluted |
|
1,526,809 |
1,171,550 |
|
|
