| |
2007 Message to Shareholders
Shareholder Information/ 5 Year Financial Summary
| Earnings |
2007 |
2006 |
2005 |
2004 |
2003 |
| Net
Income (000) |
$6,885 |
$6,160 |
$6,659 |
$4,813 |
$5,567 |
| Per
Common Share(1) |
|
|
|
|
|
|
Earnings (basic)
|
$1.25 |
$1.12 |
$1.15 |
$0.92 |
$1.11 |
|
Earnings (diluted)
|
$1.25 |
$1.12 |
$1.15 |
$0.92 |
$1.10 |
|
Book
Value
|
$16.37 |
$14.53 |
$15.02 |
$15.19 |
$13.73 |
|
Dividends
Paid
|
$1.12 |
$1.12 |
$1.12 |
$1.08 |
$1.30 |
| Balances
(in millions) |
|
|
|
|
|
| Assets |
1,119.3 |
749.0 |
750.9 |
817.5 |
636.4 |
| Deposits |
839.8 |
564.6 |
577.1 |
647.0 |
510.2 |
| Net
Loans |
787.4 |
549.7 |
514.8 |
556.2 |
462.9 |
| Shareholders’
Equity |
126.2 |
79.5 |
87.1 |
88.2 |
69.1 |
| Performance
Ratios |
|
|
|
|
|
| Return
on Average Assets |
0.88% |
0.83% |
0.85% |
0.71% |
0.87% |
| Return
on Average Equity |
8.78% |
7.68% |
7.69% |
6.74% |
7.82% |
| Equity Capital Ratio |
11.27% |
10.61% |
11.60% |
10.79% |
10.86% |
| Net
loans to Deposit Ratio |
93.76% |
97.36% |
89.20% |
85.96% |
90.73% |
Loss Allowance
to Total Loans |
0.93% |
1.45% |
1.76% |
2.06% |
1.34% |
| (1)
Per share data has been adjusted for the business combination with FNB Financial Corporation in October 2004 and Independent Community Banc Corp. in April 2002. |
|
|
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