Crescent Financial Bancshares Inc. (CRFN) Income Statement

Income Statement for Crescent Financial Bancshares Inc.  (CRFN) 
$ 3.35   0.02 (+0.60%) Volume: 1.9 k 3:14 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 43,420 47,990 49,479 50,022 33,093
Investment Securities 7,326 8,203 4,843 4,454 3,303
Lease Financing Income - - - - -
Other Interest Income - - - - -
Federal Funds Sold/Purchased - - 107,706 116,755 61,451
Interest Bearing Deposits 3 8 11 38 24
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments - - - - -
Total Money Market Investments 34 14 84 396 310
Total Interest Income 50,781 56,206 54,405 54,872 36,706
Deposits 16,185 19,870 23,062 23,429 14,207
Short-Term Debt 419 1,705 657 830 844
Long-Term Debt 5,719 5,046 5,351 3,958 2,206
Federal Funds Sold/Purchased - - 107,706 116,755 61,451
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 50,781 56,206 54,405 54,872 36,706
Total Interest Expense (22,322) (26,621) (29,070) (28,217) (17,257)
Net Interest Income 28,458 29,586 25,334 26,655 19,450
Loan Loss Provision (20,347) (11,526) (6,485) (1,684) (991)
Net Interest Income After Loan Loss Provision 8,111 18,060 18,850 24,971 18,459
Trust Fees by Commissions - - - - -
Service Charge on Deposit Accounts 1,834 1,663 1,606 1,360 1,287
Other Service Charges - - 172 165 721
Security Transactions 25 870 16 - -
Premiums Earned - - - - -
Net Realized Capital Gains 1,081 72 (74) (66) 3
Investment Banking Profit 479 923 - - -
Other Non-Interest Income 1,491 1,405 2,012 1,162 601
Non-Interest Income 4,910 4,933 3,732 2,621 2,612
Salaries and Employee Benefits 15,858 15,172 11,110 9,876 7,307
Net Occupancy Expense 3,989 3,542 2,727 2,296 2,018
Promotion and Advertising - - 639 607 517
Property/Liability Insurance Claims 1,513 1,919 - - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 5,605 63,543 5,496 5,044 3,544
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges - 29,629 - - -
Non-Interest Expense (26,965) (84,176) (19,972) (17,823) (13,387)
Special Income/Charges - 29,629 - - -
Net Income Before Taxes (13,944) (31,555) 2,610 9,769 7,684
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes 4,070 1,329 (599) (3,520) (2,781)
Net Income from Continuing Operations (9,874) (30,226) 2,011 6,249 4,904
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (9,874) (30,226) 2,011 6,249 4,904
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (9,874) (30,226) 2,011 6,249 4,904
Normalized Income (9,874) (59,855) 2,011 6,249 4,904
Net Income Available for Common (11,563) (31,843) 2,011 6,249 4,904
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.00 0.00 0.00 0.00 0.00
Preferred Dividends 1,689 1,617 - - -
Basic EPS from Continuing Operations -1.21 -3.33 0.21 0.68 0.67
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -1.21 -3.33 0.21 0.68 0.67
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 43,420 47,990 49,479 50,022 33,093
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total -1.21 -3.33 0.21 0.68 0.67
Basic Normalized Net Income/Share -1.21 -6.59 0.21 0.68 0.67
Diluted EPS from Continuing Operations -1.21 -3.33 0.21 0.65 0.64
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -1.21 -3.33 0.21 0.65 0.64
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total -1.21 -3.33 0.21 0.65 0.64
Diluted Normalized Net Income/Share -1.21 -6.59 0.21 0.65 0.64
Revenues Year-to-Date 55,691 61,139 58,137 57,493 39,318
Income Year-to-Date from Total Operations (9,874) (30,226) 2,011 6,249 4,904
EPS Year-to-Date from Total Operations -1.21 -3.33 0.21 0.65 0.64
Dividends Paid Per Share, Year-to-Date 0.00 0.00 0.00 0.00 0.00