Investors Title Company (ITIC) Income Statement

Income Statement for Investors Title Company (ITIC)

Income [+]

in Thousands of Dollars

12/2010

12/2009

12/2008

12/2007

12/2006

Loans

-

-

-

-

-

Investment Securities

-

-

-

-

-

Lease Financing Income

-

-

-

-

-

Other Interest Income

-

-

4,559

5,197

4,326

Federal Funds Sold/Purchased

-

-

-

-

-

Interest Bearing Deposits

-

-

-

-

-

Loans Held for Resale

-

-

-

-

-

Trading Account Securities

-

-

-

-

-

Time Deposits Placed

-

-

-

-

-

Other Money Market Investments

-

-

-

-

-

Total Money Market Investments

-

-

-

-

-

Total Interest Income

-

-

4,559

5,197

4,326

Deposits

-

-

-

-

-

Short-Term Debt

-

-

-

-

-

Long-Term Debt

-

-

-

-

-

Federal Funds Sold/Purchased

-

-

-

-

-

Capitalized Lease Obligations

-

-

-

-

-

Other Interest Expense

-

-

-

-

-

Total Interest Income

-

-

4,559

5,197

4,326

Total Interest Expense

-

-

-

-

-

Net Interest Income

-

-

4,559

5,197

4,326

Loan Loss Provision

-

-

-

-

-

Net Interest Income After Loan Loss Provision

-

-

4,559

5,197

4,326

Trust Fees by Commissions

-

-

-

-

-

Service Charge on Deposit Accounts

-

-

-

-

-

Other Service Charges

-

-

-

-

-

Security Transactions

-

-

-

-

-

Premiums Earned

61,462

62,155

63,662

69,984

70,196

Net Realized Capital Gains

655

(498)

(2,922)

922

551

Investment Banking Profit

3,671

3,783

-

-

-

Other Non-Interest Income

5,521

5,868

5,825

8,839

9,588

Non-Interest Income

71,309

71,308

66,565

79,745

80,335

Salaries and Employee Benefits

17,696

18,189

19,606

20,819

19,981

Net Occupancy Expense

-

-

5,108

5,591

5,672

Promotion and Advertising

31,189

29,254

-

-

-

Property/Liability Insurance Claims

4,435

8,465

15,207

10,135

7,405

Policy Acquisition Costs

-

-

-

-

-

Amortization of Deferred Policy Acquisition Costs

-

-

-

-

-

Current and Future Benefits Expense

-

-

-

-

-

Other Non-Interest Expense

9,374

9,483

33,139

35,077

32,925

Income, Acquired in Process R&D

-

-

-

-

-

Income, Restructuring and M&A

-

-

-

-

-

Other Special Charges

-

-

-

-

-

Non-Interest Expense

(62,694)

(65,392)

(73,059)

(71,622)

(65,983)

Special Income/Charges

-

-

-

-

-

Net Income Before Taxes

8,616

5,916

(1,935)

13,321

18,678

Premium Tax (Credit)

-

-

1,281

1,496

1,349

Minority Interest

-

-

-

-

-

Income Taxes

(2,243)

(1,087)

2,034

(3,422)

(4,144)

Net Income from Continuing Operations

6,373

4,829

(1,183)

8,402

13,185

Net Income from Discontinued Operations

-

-

-

-

-

Net Income from Total Operations

6,373

4,829

(1,183)

8,402

13,185

Extraordinary Income/Loss

-

-

-

-

-

Income from Cum. Effect of Acct Change

-

-

-

-

-

Income from Tax Loss Carryforward

-

-

-

-

-

Other Gains

-

-

-

-

-

Total Net Income

6,373

4,829

(1,183)

8,402

13,185

Normalized Income

6,373

4,829

(1,183)

8,402

13,185

Net Income Available for Common

6,373

4,829

(1,183)

8,402

13,185

Results [+]

in Dollars (Preferred Dividends in Thousands)

12/2010

12/2009

12/2008

12/2007

12/2006

Dividends Paid Per Share

0.28

0.28

0.28

0.24

0.24

Preferred Dividends

-

-

-

-

-

Basic EPS from Continuing Operations

2.79

2.11

-0.50

3.39

5.22

Basic EPS from Discontinued Operations

0.00

0.00

0.00

0.00

0.00

Basic EPS from Total Operations

2.79

2.11

-0.50

3.39

5.22

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

-

-

-

-

-

Basic EPS from Other Gains(Loss)

0.00

0.00

0.00

0.00

0.00

Basic EPS, Total

2.79

2.11

-0.50

3.39

5.22

Basic Normalized Net Income/Share

2.79

2.11

-0.50

3.39

5.22

Diluted EPS from Continuing Operations

2.78

2.10

-0.50

3.35

5.14

Diluted EPS from Discontinued Operations

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Total Operations

2.78

2.10

-0.50

3.35

5.14

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

2.78

2.10

-0.50

3.35

5.14

Diluted Normalized Net Income/Share

2.78

2.10

-0.50

3.35

5.14

Revenues Year-to-Date

71,309

71,308

71,123

84,942

84,662

Income Year-to-Date from Total Operations

6,373

4,829

(1,183)

8,402

13,185

EPS Year-to-Date from Total Operations

2.78

2.10

-0.50

3.35

5.14

Dividends Paid Per Share, Year-to-Date

0.28

0.28

0.28

0.24

0.24

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