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Previous: AMERICAN RIVER HOLDINGS, 8-K, EX-99.24, 2000-11-09 |
Next: OPTIMUM GROWTH ADVISORS LLC, 13F-HR, 2000-11-09 |
EXHIBIT 99.25
AMERICAN RIVER HOLDINGS AND NORTH COAST BANK
Unaudited Pro Forma Condensed Combined Statement of Operations
For the Nine Months Ended September 30, 2000
(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 $ 9,233 $ 3,200 $ -- $ 12,433
Securities:
Taxable 1,964 63 -- 2,027
Exempt from federal taxes 339 6 -- 345
Dividends 49 7 -- 56
Investments in time deposits 264 42 -- 306
Federal funds sold 117 149 -- 266
---------- ---------- ---------- ----------
Total interest income 11,966 3,467 -- 15,433
---------- ---------- ---------- ----------
Interest Expense
Interest on deposits 4,140 1,161 -- 5,301
Other borrowings 191 32 -- 223
---------- ---------- ---------- ----------
Total interest expense 4,331 1,193 -- 5,524
---------- ---------- ---------- ----------
Net Interest Income 7,635 2,274 -- 9,909
Provision for loan losses 349 100 -- 449
---------- ---------- ---------- ----------
Net Interest Income After Provision
For Loan Losses 7,286 2,174 -- 9,460
---------- ---------- ---------- ----------
Noninterest Income
Service charges on deposit accounts 343 103 -- 446
Other fees and charges 1,085 218 -- 1,303
---------- ---------- ---------- ----------
Total noninterest income 1,428 321 -- 1,749
---------- ---------- ---------- ----------
Noninterest Expense
Salaries and employee benefits 2,850 724 -- 3,574
Occupancy and equipment 527 372 -- 899
Merger Expenses 296 129 -- 425
Other 1,289 683 -- 1,972
---------- ---------- ---------- ----------
Total noninterest expense 4,962 1,908 -- 6,870
---------- ---------- ---------- ----------
Income Before Provision For Income Taxes 3,752 587 -- 4,339
Provision for income taxes 1,438 238 -- 1,676
---------- ---------- ---------- ----------
Net Income $ 2,314 $ 349 $ -- $ 2,663
========== ========== ========== ==========
EARNINGS PER SHARE:
Basic $ 1.29 $ 0.73 $ -- $ 1.18
========== ========== ========== ==========
Diluted $ 1.23 $ 0.68 $ -- $ 1.12
========== ========== ========== ==========
Weighted average common shares outstanding - basic
1,793,274 481,155 (17,129) 2,257,300
========== ========== ========== ==========
Weighted average common shares and common share
equivalents outstanding-diluted 1,874,949 514,764 (18,326) 2,371,387
========== ========== ========== ==========
</TABLE>
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