Selected Financial Data
The following table sets forth selected financial data for each of the following periods:
| (Thousands of dollars, except per share data) | Quarter ended March 31, 2011 |
Quarter ended March 31, 2010 |
Net interest income |
$764 |
$736 |
Provision for loan losses |
30 |
30 |
Non-interest income |
214 |
267 |
Non-interest expense |
1,255 |
1,164 |
Net Income (Loss) |
(307) |
(190) |
Earning (Loss) per share-basic and diluted |
$(0.29) |
$(0.18) |
| Balance sheet totals: | March 31, 2011 | December 31, 2010 |
Total assets |
$74,104 |
$73,966 |
Loans, net |
$41,194 |
$44,686 |
Investment securities |
$16,602 |
$16,477 |
Deposits |
$67,745 |
$67,211 |
Shareholders' equity |
$5,988 |
$6,297 |
| Ratios: *(Annualized) | Quarter ended March 31, 2011 |
Quarter ended March 31, 2010 |
Income (Loss) on assets |
(1.65)% |
(1.12%) |
Income (Loss) on equity |
(20.95)% |
(11.12%) |