Financial Reports

Financial Highlights
As of SEPT 30, 2010

(in thousands)

Balance Sheet (unaudited)
	09/30/2010	09/30/2009	% Change
Total Assets	$182,000	$193,000	-5.9%
Total Investments	$32,000	$30,000	7.5%
Gross Loans	$142,000	$149,00	-4.9%
Total Deposits	$159,000	$168,000	-5.7%
Total Borrowings	$3,500	$5,000	-30.0%
Total Stockholders' Equity	$18,900	$19,300	-2.0%
Non-performing assets	$6,200	$7,300	-14.5%
Non-performing assets/ Total Assets	3.42%	3.76%	-9.1%

 

(in thousands)

Statement of Operations (unaudited)
	For the Nine Months Ended SEPT 30,
	2010	2009	% Change
Total Interest Income	$6,255	$6,662	-6%
Total Interest Expense	914	1,676	-45%
Net Interest Income	5,341	4,986	7%
Non-Interest Income	1,051	725	45%
Total Income	6,392	5,711	12%
Non-Interest Expense	4,777	4,434	8%
Income Before Loan Loss Provision, Stock Options and Income Tax Expenses	1,615	1,277	26%
Provision for Loan Losses	1,000	1,180	-15%
Stock Option Expense	72	98	-27%
Income Tax Expense / (Benefit)	116	(195)	159%
Net Income	$427	$194	120%