| Income Statement for Bank of Granite Corp. (GRAN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | Total Interest Income | 89,493 | 86,542 | 68,159 | 55,266 | 50,696 | | Total Interest Expense | (36,848) | (31,778) | (20,173) | (13,108) | (11,389) | | Net Interest Income | 52,645 | 54,764 | 47,986 | 42,158 | 39,307 | | Loan Loss Provision | (55,131) | (6,414) | (5,194) | (5,439) | (4,764) | | Net Interest Income After Loan Loss Provision | (2,486) | 48,350 | 42,792 | 36,719 | 34,543 | | Non-Interest Income | 13,001 | 12,507 | 11,911 | 11,257 | 14,438 | | Non-Interest Expense | (37,001) | (32,945) | (31,815) | (29,115) | (25,862) | | Special Income/Charges | - | - | - | - | - | | Net Income Before Taxes | (26,486) | 27,912 | 22,888 | 18,861 | 23,118 | | Premium Tax (Credit) | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Income Taxes | 11,183 | (9,880) | (7,879) | (6,142) | (7,810) | | Net Income from Continuing Operations | (15,303) | 18,032 | 15,010 | 12,718 | 15,308 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (15,303) | 18,032 | 15,010 | 12,718 | 15,308 | | Extraordinary Income/Loss | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (15,303) | 18,032 | 15,010 | 12,718 | 15,308 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.52 | 0.47 | 0.42 | 0.39 | 0.37 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.97 | 1.12 | 0.91 | 0.75 | 0.91 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.97 | 1.12 | 0.91 | 0.75 | 0.91 | | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Other Gains(Loss) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS, Total | -0.97 | 1.12 | 0.91 | 0.75 | 0.91 | | | Basic Normalized Net Income/Share | -0.97 | 1.12 | 0.91 | 0.75 | 0.91 | | | Diluted EPS from Continuing Operations | -0.97 | 1.12 | 0.91 | 0.75 | 0.90 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.97 | 1.12 | 0.91 | 0.75 | 0.90 | | 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 | -0.97 | 1.12 | 0.91 | 0.75 | 0.90 | | | Diluted Normalized Net Income/Share | -0.97 | 1.12 | 0.91 | 0.75 | 0.90 | | | |
