CURRENT FINANCIALS

YTD YTD 03/31/10 03/31/09 % Change

Interest Income 3,881,164 4,898,433 -21% Interest Expense 1,590,102 2,001,846 -21% Net Interest Income 2,291,062 2,896,587 -21% Provision for Credit Losses 6,144,000 925,000 564% Service Charges on Deposit Accounts 14,835 17,221 -14% Other Income 1,984 4,123 -52% Other Expenses 1,886,796 1,443,656 31% Income Before Taxes -5,722,915 549,275 -1,142% Applicable Income Taxes -2,347,868 205,229 -1,244%

Net Income -3,375,047 344,046 -1,081%

ASSETS 03/31/10 03/31/09  % Change

Cash & Due From Banks  14,401,149 2,361,419 510%   Fed Funds Sold        0 1,880,000  -100%     Investment Securities 44,606,000 53,604,125 -17%     Loans, Net 251,917,353 255,665,646 -1%     Real Esate Owned 4,997,422 6,470,452 -23%     Fixed Assets 1,715,202 1,722,328 0%     Other Assets 9,432,292 4,638,173 103%

Total Assets 327,069,419 326,342,143 0%

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits 241,772,282 222,528,850 9% Borrowings 62,500,000 71,000,000 -12%   Fed Funds Purchased 0 0 0%   Other Liabilities  480,149 1,331,298 -64% Total Liabilities 304,752,431 294,860,148 3%

Shareholders Equity 22,316,988 31,481,996 -29%

Total Liabilities & Equity 327,069,419 326,342,143 0%

Return on Assets (ROA) -4.21% 0.41%   Return on Equity (ROE) -52.89% 4.37%   Book Value 5.11  7.21   Shares Outstanding 4,366,927 4,366,927   Stock Price 0.85 1.48   Earning per Share (Annualized) -3.13 0.32   Earnings Multiple -0.27 4.70

 

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