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Income Statement for Independence Fed Savings Bk (IFSB)

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Income Statement for Independence Federal Savings Bank  (IFSB) 
$ 2.60      -0.26 (-9.09%) Volume: 550 2:50 PM EDT Oct 10, 2008
Statement: View:
Income in Thousands of Dollars
12/2006 12/2005 12/2004 12/2003 12/2002
Total Interest Income 9,907 8,788 8,715 9,798 12,859
Total Interest Expense (4,643) (3,435) (3,369) (5,061) (7,453)
Net Interest Income 5,264 5,353 5,346 4,737 5,406
Loan Loss Provision (40) 300 - - -
Net Interest Income After Loan Loss Provision 5,224 5,653 5,346 4,737 5,406
Non-Interest Income 2,484 2,798 3,650 2,855 3,948
Non-Interest Expense (10,312) (9,460) (11,133) (10,713) (8,248)
Special Income/Charges - - - - -
Net Income Before Taxes (2,604) (1,009) (2,137) (3,121) 1,106
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (237) - (8) 333 (354)
Net Income from Continuing Operations (2,841) (1,009) (2,145) (2,788) 752
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (2,841) (1,009) (2,145) (2,788) 752
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - (1,030)
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (2,841) (1,009) (2,145) (2,788) (278)
Results in Dollars (Preferred Dividends in Thousands)
12/2006 12/2005 12/2004 12/2003 12/2002
Dividends Paid Per Share 0.00 0.00 0.00 0.00 0.25
Preferred Dividends - - - - -
Basic EPS from Continuing Operations -1.83 -0.65 -1.38 -1.87 0.50
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -1.83 -0.65 -1.38 -1.87 0.50
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 -0.68
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 -1.83 -0.65 -1.38 -1.87 -0.18
Basic Normalized Net Income/Share -1.83 -0.65 -1.38 -1.87 0.50
Diluted EPS from Continuing Operations -1.83 -0.65 -1.38 -1.87 0.50
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -1.83 -0.65 -1.38 -1.87 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 0.00 0.00 0.00 -0.68
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 -1.83 -0.65 -1.38 -1.87 -0.18
Diluted Normalized Net Income/Share -1.83 -0.65 -1.38 -1.87 0.50

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Date:Sep 2, 2008
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Pages:5
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