| Income Statement for Franklin Credit Management Corp (FCMC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | Total Interest Income | 155,923 | 141,857 | 99,047 | 59,481 | 42,700 | | Total Interest Expense | (143,254) | (113,073) | (68,330) | (32,795) | (21,673) | | Net Interest Income | 12,669 | 28,784 | 30,717 | 26,686 | 21,027 | | Loan Loss Provision | (274,633) | (9,750) | (4,745) | (3,705) | (3,164) | | Net Interest Income After Loan Loss Provision | (261,964) | 19,034 | 25,971 | 22,981 | 17,863 | | Non-Interest Income | 13,339 | 21,896 | 22,353 | 21,004 | 14,867 | | Non-Interest Expense | (45,452) | (44,019) | (33,883) | (26,578) | (20,349) | | Special Income/Charges | 284,246 | - | - | - | - | | Net Income Before Taxes | (9,830) | (3,090) | 14,441 | 17,406 | 12,380 | | Premium Tax (Credit) | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Income Taxes | 1,191 | 1,329 | (6,573) | (7,900) | (5,695) | | Net Income from Continuing Operations | (8,639) | (1,761) | 7,869 | 9,506 | 6,685 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (8,639) | (1,761) | 7,869 | 9,506 | 6,685 | | Extraordinary Income/Loss | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (8,639) | (1,761) | 7,869 | 9,506 | 6,685 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -1.09 | -0.23 | 1.19 | 1.60 | 1.13 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.09 | -0.23 | 1.19 | 1.60 | 1.13 | | 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 | -1.09 | -0.23 | 1.19 | 1.60 | 1.13 | | | Basic Normalized Net Income/Share | -36.95 | -0.23 | 1.19 | 1.60 | 1.13 | | | Diluted EPS from Continuing Operations | -1.09 | -0.23 | 1.09 | 1.43 | 1.02 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.09 | -0.23 | 1.09 | 1.43 | 1.02 | | 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 | -1.09 | -0.23 | 1.09 | 1.43 | 1.02 | | | Diluted Normalized Net Income/Share | -36.95 | -0.23 | 1.09 | 1.43 | 1.02 | | | |
