|
Income Statement for
1st Financial Services Corporation
(FFIS)
|
|
|
|
|
|
|
| Income
[+]
|
in Thousands of Dollars |
|
| Loans |
- |
23,368 |
31,076 |
35,635 |
25,533 |
| Investment Securities |
5,260 |
4,500 |
2,547 |
2,897 |
3,120 |
| Lease Financing Income |
- |
- |
- |
- |
- |
| Other Interest Income |
- |
- |
78 |
- |
- |
| Federal Funds Sold/Purchased |
436 |
605 |
1,270 |
1,372 |
4,131 |
| Interest Bearing Deposits |
118 |
160 |
- |
1 |
27 |
| Loans Held for Resale |
- |
- |
- |
- |
- |
| Trading Account Securities |
- |
- |
- |
- |
- |
| Time Deposits Placed |
- |
- |
- |
- |
- |
| Other Money Market Investments |
- |
- |
- |
- |
- |
| Total Money Market Investments |
118 |
160 |
9 |
18 |
635 |
| Total Interest Income |
25,710 |
28,028 |
33,710 |
38,550 |
29,288 |
| Deposits |
5,704 |
7,487 |
10,852 |
16,479 |
13,329 |
| Short-Term Debt |
- |
18 |
309 |
- |
- |
| Long-Term Debt |
- |
- |
- |
1,171 |
- |
| Federal Funds Sold/Purchased |
436 |
605 |
1,270 |
1,372 |
4,131 |
| Capitalized Lease Obligations |
- |
- |
- |
- |
- |
| Other Interest Expense |
5,705 |
7,511 |
- |
- |
- |
| Total Interest Income |
25,710 |
28,028 |
33,710 |
38,550 |
29,288 |
| Total Interest Expense |
(5,705) |
(7,511) |
(11,175) |
(17,905) |
(13,429) |
| Net Interest Income |
20,005 |
20,517 |
22,535 |
20,645 |
15,859 |
| Loan Loss Provision |
(5,276) |
(15,815) |
(29,940) |
(6,520) |
(2,396) |
| Net Interest Income After Loan Loss Provision |
14,729 |
4,702 |
(7,405) |
14,125 |
13,463 |
| Trust Fees by Commissions |
- |
- |
- |
- |
- |
| Service Charge on Deposit Accounts |
1,419 |
1,484 |
2,535 |
1,651 |
1,166 |
| Other Service Charges |
1,419 |
1,484 |
1,720 |
735 |
81 |
| Security Transactions |
N/A |
N/A |
618 |
146 |
8 |
| Premiums Earned |
- |
- |
- |
- |
- |
| Net Realized Capital Gains |
- |
- |
95 |
1,714 |
2,165 |
| Investment Banking Profit |
- |
- |
- |
- |
- |
| Other Non-Interest Income |
2,586 |
2,126 |
571 |
578 |
85 |
| Non-Interest Income |
10,082 |
8,662 |
5,539 |
4,824 |
3,505 |
| Salaries and Employee Benefits |
9,958 |
9,124 |
13,248 |
8,915 |
6,865 |
| Net Occupancy Expense |
2,268 |
2,214 |
2,912 |
2,689 |
1,638 |
| Promotion and Advertising |
235 |
242 |
620 |
926 |
956 |
| Property/Liability Insurance Claims |
- |
- |
1,653 |
- |
- |
| Policy Acquisition Costs |
- |
- |
- |
- |
- |
| Amortization of Deferred Policy Acquisition Costs |
- |
- |
- |
- |
- |
| Current and Future Benefits Expense |
- |
- |
- |
- |
- |
| Other Non-Interest Expense |
3,294 |
5,084 |
3,639 |
5,982 |
3,220 |
| Income, Acquired in Process R&D |
- |
- |
- |
- |
- |
| Income, Restructuring and M&A |
- |
- |
- |
- |
- |
| Other Special Charges |
- |
- |
- |
- |
- |
| Non-Interest Expense |
5,705 |
7,511 |
(22,072) |
(18,512) |
(12,679) |
| Special Income/Charges |
(1,078) |
- |
- |
- |
- |
| Net Income Before Taxes |
29,438 |
20,875 |
(23,938) |
437 |
4,289 |
| Premium Tax (Credit) |
- |
- |
- |
- |
- |
| Minority Interest |
- |
- |
- |
- |
- |
| Income Taxes |
- |
(9,388) |
5,381 |
(98) |
(1,509) |
| Net Income from Continuing Operations |
1,270 |
(20,479) |
(18,557) |
339 |
2,780 |
| Net Income from Discontinued Operations |
- |
- |
- |
- |
- |
| Net Income from Total Operations |
1,270 |
(20,479) |
(18,557) |
339 |
2,780 |
| Extraordinary Income/Loss |
- |
- |
- |
- |
- |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Other Gains |
- |
- |
- |
- |
- |
| Total Net Income |
1,270 |
(20,479) |
(18,557) |
339 |
2,780 |
| Normalized Income |
2,348 |
(20,479) |
(18,557) |
339 |
2,780 |
| Net Income Available for Common |
249 |
(21,500) |
(19,581) |
234 |
2,780 |
|
| Results
[+]
|
in Dollars (Preferred Dividends in Thousands) |
|
|
| Dividends Paid Per Share |
0.00 |
0.00 |
0.00 |
0.10 |
0.00 |
| Preferred Dividends |
1,021 |
1,021 |
1,024 |
105 |
- |
| Basic EPS from Continuing Operations |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.56 |
| Basic EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Total Operations |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.56 |
| Basic EPS from Extraordinary Inc |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Cum. Effect of Acct Chg |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Tax Loss Carryforward |
- |
23,368 |
31,076 |
35,635 |
25,533 |
| Basic EPS from Other Gains(Loss) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS, Total |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.56 |
|
| Basic Normalized Net Income/Share |
0.09 |
-4.18 |
-3.91 |
0.04 |
0.56 |
|
| Diluted EPS from Continuing Operations |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.51 |
| Diluted EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Total Operations |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.51 |
| Diluted EPS from Extraordinary Inc |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Cum. Effect of Acct Chg |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Other Gains(Loss) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS, Total |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.51 |
|
| Diluted Normalized Net Income/Share |
0.09 |
-4.18 |
-3.91 |
0.04 |
0.51 |
| Revenues Year-to-Date |
35,792 |
36,690 |
39,249 |
43,374 |
32,793 |
| Income Year-to-Date from Total Operations |
1,270 |
(20,479) |
(18,557) |
339 |
2,780 |
| EPS Year-to-Date from Total Operations |
0.05 |
-4.18 |
-3.91 |
0.04 |
0.51 |
| Dividends Paid Per Share, Year-to-Date |
0.00 |
0.00 |
0.00 |
0.10 |
0.00 |
|
|
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