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Previous: NORTH VALLEY BANCORP, 8-K, EX-99.20, 2000-10-26 |
Next: NORTH VALLEY BANCORP, 8-K, EX-99.22, 2000-10-26 |
SIX RIVERS NATIONAL BANK
CONDENSED COMBINED STATEMENT OF OPERATIONS (unaudited)
NINE MONTHS ENDED SEPTEMBER 30, 2000
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
SRNB
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INTEREST INCOME
Loans including fees $ 7,971
Investment income 3,646
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TOTAL INTEREST INCOME 11,617
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INTEREST EXPENSE
Interest on Deposits 4,549
Other short-term borrowings 506
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TOTAL INTEREST EXPENSE 5,055
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NET INTEREST INCOME 6,562
PROVISION FOR LOAN LOSSES 540
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NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,022
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NONINTEREST INCOME
Service charges on deposit accounts 835
Other 312
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TOTAL OTHER OPERATING INCOME 1,147
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NONINTEREST EXPENSE
Salaries and employee benefits 2,854
Occupancy 1,023
Merger and acquisition expenses 236
Other 1,991
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TOTAL NONINTEREST EXPENSES 6,104
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INCOME BEFORE PROVISION FOR
INCOME TAXES 1,065
Provision for income taxes 447
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NET INCOME $ 618
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EARNINGS PER SHARE:
BASIC $ 0.42
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DILUTED $ 0.41
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