BANK OF GRANITE CORP (GRAN) Income Statement

Income Statement for BANK OF GRANITE CORP  (GRAN) 
$ N/A N/A (N/A) Volume: 0  N/A
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 36,263 48,614 62,289 81,906 78,079
Investment Securities 54 342 618 7,244 7,038
Lease Financing Income - - - - -
Other Interest Income - - - - -
Federal Funds Sold/Purchased - - - - -
Interest Bearing Deposits 135 67 339 252 755
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments 8,347 3,615 3,614 - -
Total Money Market Investments 8,482 3,690 4,016 343 1,425
Total Interest Income 44,799 52,646 66,923 89,493 86,543
Deposits 12,776 19,698 26,644 32,812 28,164
Short-Term Debt 552 631 2,431 3,348 956
Long-Term Debt 282 895 678 688 2,658
Federal Funds Sold/Purchased - - - - -
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 44,799 52,646 66,923 89,493 86,543
Total Interest Expense (13,610) (21,224) (29,753) (36,848) (31,778)
Net Interest Income 31,189 31,422 37,170 52,645 54,764
Loan Loss Provision (30,832) (28,733) (30,228) (55,131) (6,414)
Net Interest Income After Loan Loss Provision 357 2,689 6,942 (2,486) 48,350
Trust Fees by Commissions 288 429 - - -
Service Charge on Deposit Accounts 4,760 5,423 5,664 5,876 5,755
Other Service Charges - - 703 919 863
Security Transactions 2,403 1,074 (1) 1 91
Premiums Earned - - - - -
Net Realized Capital Gains - - - - -
Investment Banking Profit (4) 748 3,573 - -
Other Non-Interest Income 1,336 2,209 2,376 6,205 5,798
Non-Interest Income 8,783 9,883 12,315 13,001 12,508
Salaries and Employee Benefits 10,257 16,010 21,497 22,296 20,647
Net Occupancy Expense 1,706 2,032 2,443 4,749 4,779
Promotion and Advertising - - - - -
Property/Liability Insurance Claims - - - - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 21,631 24,954 35,797 9,956 7,519
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges - (996) 8,826 - -
Non-Interest Expense (33,594) (42,996) (59,737) (37,001) (32,945)
Special Income/Charges - (996) 8,826 - -
Net Income Before Taxes (24,454) (31,420) (31,654) (26,486) 27,913
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes 790 5,800 (4,597) 11,183 (9,880)
Net Income from Continuing Operations (23,664) (25,620) (36,251) (15,303) 18,032
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (23,664) (25,620) (36,251) (15,303) 18,032
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (23,664) (25,620) (36,251) (15,303) 18,032
Normalized Income (23,664) (24,624) (45,077) (15,303) 18,032
Net Income Available for Common (23,664) (25,620) (36,251) (15,303) 18,032
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 0.49 0.52 0.47
Preferred Dividends - - - - -
Basic EPS from Continuing Operations -1.53 -1.66 -2.35 -0.97 1.12
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -1.53 -1.66 -2.35 -0.97 1.12
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 36,263 48,614 62,289 81,906 78,079
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total -1.53 -1.66 -2.35 -0.97 1.12
Basic Normalized Net Income/Share -1.53 -1.60 -2.92 -0.97 1.12
Diluted EPS from Continuing Operations -1.53 -1.66 -2.35 -0.97 1.12
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -1.53 -1.66 -2.35 -0.97 1.12
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 -1.53 -1.66 -2.35 -0.97 1.12
Diluted Normalized Net Income/Share -1.53 -1.60 -2.92 -0.97 1.12
Revenues Year-to-Date 53,582 62,529 79,238 102,494 99,051
Income Year-to-Date from Total Operations (23,664) (25,620) (36,251) (15,303) 18,032
EPS Year-to-Date from Total Operations -1.53 -1.66 -2.35 -0.97 1.12
Dividends Paid Per Share, Year-to-Date 0.00 0.00 0.49 0.52 0.47
 

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