|
Income Statement for
Bank of the Carolinas Corporation
(BCAR)
|
|
|
|
|
|
|
| Income
[+]
|
in Thousands of Dollars |
|
| Loans |
- |
- |
23,685 |
26,276 |
29,874 |
| Investment Securities |
2,669 |
3,175 |
5,860 |
4,091 |
2,808 |
| Lease Financing Income |
- |
- |
- |
- |
- |
| Other Interest Income |
77 |
59 |
76 |
208 |
423 |
| Federal Funds Sold/Purchased |
45,362 |
45,381 |
46,682 |
46,557 |
7,657 |
| Interest Bearing Deposits |
- |
- |
- |
- |
- |
| Loans Held for Resale |
- |
- |
- |
- |
- |
| Trading Account Securities |
- |
- |
- |
- |
- |
| Time Deposits Placed |
- |
N/A |
- |
- |
- |
| Other Money Market Investments |
- |
- |
- |
- |
- |
| Total Money Market Investments |
- |
- |
- |
- |
- |
| Total Interest Income |
17,049 |
20,632 |
29,621 |
30,575 |
33,105 |
| Deposits |
3,225 |
4,387 |
11,868 |
15,619 |
17,263 |
| Short-Term Debt |
- |
- |
- |
- |
- |
| Long-Term Debt |
2,268 |
2,653 |
3,087 |
2,265 |
1,237 |
| Federal Funds Sold/Purchased |
45,362 |
45,381 |
46,682 |
46,557 |
7,657 |
| Capitalized Lease Obligations |
- |
- |
- |
- |
- |
| Other Interest Expense |
5,493 |
N/A |
- |
- |
- |
| Total Interest Income |
17,049 |
20,632 |
29,621 |
30,575 |
33,105 |
| Total Interest Expense |
(5,493) |
(7,040) |
(14,955) |
(17,884) |
(18,500) |
| Net Interest Income |
11,556 |
N/A |
14,666 |
12,691 |
14,605 |
| Loan Loss Provision |
(2,359) |
(17,565) |
(5,547) |
(6,291) |
(1,470) |
| Net Interest Income After Loan Loss Provision |
9,197 |
- |
9,119 |
6,400 |
13,135 |
| Trust Fees by Commissions |
- |
- |
- |
- |
- |
| Service Charge on Deposit Accounts |
- |
- |
- |
- |
- |
| Other Service Charges |
- |
N/A |
1,344 |
1,421 |
1,259 |
| Security Transactions |
N/A |
N/A |
1,530 |
- |
(42) |
| Premiums Earned |
774 |
- |
- |
- |
- |
| Net Realized Capital Gains |
- |
- |
- |
- |
- |
| Investment Banking Profit |
- |
- |
- |
- |
- |
| Other Non-Interest Income |
802 |
N/A |
423 |
1,013 |
718 |
| Non-Interest Income |
4,168 |
N/A |
3,297 |
2,434 |
1,935 |
| Salaries and Employee Benefits |
6,877 |
N/A |
9,587 |
7,897 |
6,153 |
| Net Occupancy Expense |
- |
N/A |
2,221 |
2,020 |
1,731 |
| Promotion and Advertising |
92 |
223 |
316 |
443 |
428 |
| Property/Liability Insurance Claims |
- |
- |
1,505 |
- |
- |
| Policy Acquisition Costs |
- |
N/A |
- |
- |
- |
| Amortization of Deferred Policy Acquisition Costs |
- |
- |
- |
- |
- |
| Current and Future Benefits Expense |
- |
N/A |
- |
- |
- |
| Other Non-Interest Expense |
6,099 |
N/A |
3,885 |
5,323 |
4,086 |
| Income, Acquired in Process R&D |
- |
- |
- |
- |
- |
| Income, Restructuring and M&A |
- |
- |
- |
- |
- |
| Other Special Charges |
- |
- |
- |
591 |
- |
| Non-Interest Expense |
5,493 |
N/A |
(17,514) |
(15,683) |
(12,398) |
| Special Income/Charges |
(2,641) |
- |
- |
591 |
- |
| Net Income Before Taxes |
16,217 |
N/A |
(5,098) |
(6,258) |
2,672 |
| Premium Tax (Credit) |
- |
- |
- |
- |
- |
| Minority Interest |
- |
- |
- |
- |
- |
| Income Taxes |
- |
(4,543) |
1,968 |
2,634 |
(714) |
| Net Income from Continuing Operations |
(4,579) |
(28,251) |
(3,130) |
(3,624) |
1,958 |
| Net Income from Discontinued Operations |
- |
- |
- |
- |
- |
| Net Income from Total Operations |
(4,579) |
(28,251) |
(3,130) |
(3,624) |
1,958 |
| Extraordinary Income/Loss |
- |
- |
- |
- |
- |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Other Gains |
- |
- |
- |
- |
- |
| Total Net Income |
(4,579) |
(28,251) |
(3,130) |
(3,624) |
1,958 |
| Normalized Income |
(1,938) |
(28,251) |
(3,130) |
(4,215) |
1,958 |
| Net Income Available for Common |
(5,535) |
(29,185) |
(3,767) |
(3,624) |
1,958 |
|
| Results
[+]
|
in Dollars (Preferred Dividends in Thousands) |
|
|
| Dividends Paid Per Share |
0.00 |
0.00 |
0.05 |
0.20 |
0.20 |
| Preferred Dividends |
956 |
934 |
637 |
- |
- |
| Basic EPS from Continuing Operations |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.51 |
| Basic EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Total Operations |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.51 |
| 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 |
- |
- |
23,685 |
26,276 |
29,874 |
| Basic EPS from Other Gains(Loss) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS, Total |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.51 |
|
| Basic Normalized Net Income/Share |
-0.60 |
-7.49 |
-0.97 |
-1.07 |
0.51 |
|
| Diluted EPS from Continuing Operations |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.50 |
| Diluted EPS from Discontinued Operations |
0.00 |
N/A |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Total Operations |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.50 |
| 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 |
N/A |
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 |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.50 |
|
| Diluted Normalized Net Income/Share |
-0.60 |
-7.49 |
-0.97 |
-1.07 |
0.50 |
| Revenues Year-to-Date |
21,217 |
21,871 |
32,918 |
33,009 |
35,040 |
| Income Year-to-Date from Total Operations |
(4,579) |
(28,251) |
(3,130) |
(3,624) |
1,958 |
| EPS Year-to-Date from Total Operations |
-1.42 |
-7.49 |
-0.97 |
-0.92 |
0.50 |
| Dividends Paid Per Share, Year-to-Date |
0.00 |
0.00 |
0.05 |
0.20 |
0.20 |
|
|
|