Income Statement for WAKE FOREST BANCSHARES INC (WAKE)

Income Statement for WAKE FOREST BANCSHARES INC
Sep 30, 2007 Sep 30, 2006 Sep 30, 2005
Profit
Total Revenue 7,934,000 7,282,000 5,846,000
Cost of Revenue 3,684,000 2,979,000 2,315,000
Gross Profit 4,250,000 4,303,000 3,532,000
Operating Expenses
Research Development - - -
Selling General and Administrative 1,490,000 1,519,000 1,351,000
Non Recurring - - -
Others 165,000 193,000 120,000
Total Operating Expenses - - -
Operating Income or Loss 2,595,000 2,591,000 2,062,000
Income from Continuing Operations
Total Other Income/Expenses Net - - -
Earnings Before Interest And Taxes 2,595,000 2,591,000 2,062,000
Interest Expense - - -
Income Before Tax 2,595,000 2,591,000 2,062,000
Income Tax Expense 915,000 935,000 741,000
Minority Interest - - -
Net Income From Continuing Ops 1,680,000 1,656,000 1,321,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income 1,680,000 1,656,000 1,321,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares 1,680,000 1,656,000 1,321,000