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Previous: NORTH VALLEY BANCORP, 8-K, EX-99.21, 2000-10-26 |
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<TABLE>
<CAPTION>
NORTH VALLEY BANCORP AND SIX RIVERS NATIONAL BANK
PRO FORMA CONDENSED COMBINED BALANCE SHEET (unaudited)
YEAR ENDED DECEMBER 31, 1999
NVBANCORP AND
(IN THOUSANDS) NVBANCORP SRNB SRNB COMBINED
----------- ----------- -------------
<S> <C> <C> <C>
ASSETS
Cash and cash equivalents:
Cash and due from banks $ 12,783 $ 9,842 $ 22,625
Federal funds sold 14,600 14,600
----------- ----------- ------------
Total cash and cash equivalents 27,383 9,842 $ 37,225
Cash held in trust 282 282
Interest bearing deposits in other financial institutions 7,843 7,843
Securities:
Available for sale securities 25,569 63,495 89,064
Held to maturity securities 28,146 1,470 29,616
Loans and leases held for sale 871 871
Loans and leases, net of deferred fees 217,657 111,901 329,558
Allowance for loan loss 2,260 2,346 4,606
----------- ----------- ------------
Net Loans 215,397 109,555 324,952
Premises and equipment, net of
accumulated depreciation and
amortization 5,060 4,437 9,497
Goodwill & core deposit intangibles, net of amortization 4,422 4,422
Other assets 10,973 6,328 17,301
----------- ----------- ------------
TOTAL ASSETS $ 312,810 $ 208,263 $ 521,073
=========== =========== ============
LIABILITIES AND STOCKHOLDERS'
EQUITY
LIABILITIES:
Deposits:
Noninterest-bearing demand deposits $ 40,071 $ 31,570 $ 71,641
Interest-bearing deposits 235,190 145,865 381,055
----------- ----------- ------------
Total deposits 275,261 177,435 452,696
Other borrowings 6,165 6,165
Federal funds purchased 4,400 4,400
Accrued expenses and other liabilities 4,303 1,667 5,970
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Total liabilities 279,564 189,667 469,231
----------- ----------- ------------
STOCKHOLDERS' EQUITY:
Preferred stock
Common stock 10,427 7,381 17,808
Additional paid in capital 12,141 12,141
Retained Earnings 22,936 399 23,335
Accumulated other comprehensive income, net of tax (117) (1,325) (1,442)
----------- ----------- ------------
Total stockholders' equity 33,246 18,596 51,842
----------- ----------- ------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 312,810 $ 208,263 $ 521,073
=========== =========== ============
</TABLE>
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