| Income Statement for First Bancorp (FBNC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | Total Interest Income | 148,942 | 129,207 | 101,429 | 81,593 | 74,667 | | Total Interest Expense | (69,658) | (54,671) | (32,838) | (20,303) | (18,907) | | Net Interest Income | 79,284 | 74,536 | 68,591 | 61,290 | 55,760 | | Loan Loss Provision | (5,217) | (4,923) | (3,040) | (2,905) | (2,680) | | Net Interest Income After Loan Loss Provision | 74,067 | 69,613 | 65,551 | 58,385 | 53,080 | | Non-Interest Income | 18,473 | 16,210 | 15,004 | 15,864 | 14,918 | | Non-Interest Expense | (57,580) | (55,098) | (47,636) | (43,717) | (37,964) | | Special Income/Charges | - | - | - | - | - | | Net Income Before Taxes | 34,960 | 30,725 | 32,919 | 30,532 | 30,034 | | Premium Tax (Credit) | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Income Taxes | (13,150) | (11,423) | (16,829) | (10,418) | (10,617) | | Net Income from Continuing Operations | 21,810 | 19,302 | 16,090 | 20,114 | 19,417 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 21,810 | 19,302 | 16,090 | 20,114 | 19,417 | | Extraordinary Income/Loss | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 21,810 | 19,302 | 16,090 | 20,114 | 19,417 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.76 | 0.73 | 0.69 | 0.65 | 0.62 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.52 | 1.35 | 1.14 | 1.42 | 1.38 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.52 | 1.35 | 1.14 | 1.42 | 1.38 | | 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 | 1.52 | 1.35 | 1.14 | 1.42 | 1.38 | | | Basic Normalized Net Income/Share | 1.52 | 1.35 | 1.14 | 1.42 | 1.38 | | | Diluted EPS from Continuing Operations | 1.51 | 1.34 | 1.12 | 1.40 | 1.35 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.51 | 1.34 | 1.12 | 1.40 | 1.35 | | 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 | 1.51 | 1.34 | 1.12 | 1.40 | 1.35 | | | Diluted Normalized Net Income/Share | 1.51 | 1.34 | 1.12 | 1.40 | 1.35 | | | |
