|
|
|
|
|
|
|
|
|
|
Previous: AMERICAN RIVER HOLDINGS, 8-K, EX-99.22, 2000-11-09 |
Next: AMERICAN RIVER HOLDINGS, 8-K, EX-99.24, 2000-11-09 |
EXHIBIT 99.23
AMERICAN RIVER HOLDINGS AND NORTH COAST BANK
Unaudited Pro Forma Condensed Combined Statement of Operations
For the Year Ended December 31, 1999
(in thousands, except per share data)
<TABLE>
<CAPTION>
ARH
and NCB
ARH NCB Adjustments Combined
---------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
Interest Income
Loans including fees $ 10,543 $ 3,383 $ -- $ 13,926
Securities:
Taxable 2,066 46 -- 2,112
Exempt from federal taxes 330 9 -- 339
Dividends 51 14 -- 65
Interest bearing deposits in banks 290 46 -- 336
Federal funds sold 299 152 -- 451
---------- ---------- --------- ----------
Total interest income 13,579 3,650 -- 17,229
---------- ---------- --------- ----------
Interest Expense
Interest on deposits 4,143 1,173 -- 5,316
Other borrowings 137 22 -- 159
---------- ---------- --------- ----------
Total interest expense 4,280 1,195 -- 5,475
---------- ---------- --------- ----------
Net Interest Income 9,299 2,455 -- 11,754
Provision for loan and lease losses 407 75 -- 582
---------- ---------- --------- ----------
Net Interest Income After Provision For Loan
and Lease Losses 8,892 2,280 -- 11,172
---------- ---------- --------- ----------
Noninterest Income
Service charges on deposit accounts 438 99 -- 537
Other fees and charges 1,082 168 -- 1,250
---------- ---------- --------- ----------
Total noninterest income 1,520 267 -- 1,787
---------- ---------- --------- ----------
Noninterest Expense
Salaries and employee benefits 3,496 870 -- 4,366
Occupancy 420 279 -- 699
Furniture and equipment expense 257 200 -- 457
Other 1,570 818 -- 2,388
---------- ---------- --------- ----------
Total noninterest expense 5,743 2,167 -- 7,910
---------- ---------- --------- ----------
Income Before Provision For Income Taxes 4,669 380 -- 5,049
Provision for income taxes 1,768 153 -- 1,921
---------- ---------- --------- ----------
Net Income $ 2,901 $ 227 $ -- $ 3,128
========== ========== ========= ==========
EARNINGS PER SHARE:
Basic $ 1.59 $ 0.48 $ -- $ 1.37
========== ========== ========= ==========
Diluted $ 1.50 $ 0.46 $ -- $ 1.30
========== ========== ========= ==========
Weighted average common shares outstanding - basic
1,820,013 472,354 (16,816) 2,275,551
========== ========== ========= ==========
Weighted average common shares and common share
equivalents outstanding-diluted 1,932,813 489,672 (17,432) 2,405,053
========== ========== ========= ==========
</TABLE>
44
|
|