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, 2010 |
Quarter ended March 31, 2009 |
Net interest income |
$736 |
$772 |
Provision for loan losses |
30 |
30 |
Non-interest income |
267 |
276 |
Non-interest expense |
1,164 |
1,115 |
Net Loss |
(190) |
(137) |
Loss per share-basic and diluted |
$(0.18) |
$(0.13) |
| Balance sheet totals: | March 31, 2010 | December 31, 2009 |
Total assets |
$67,237 |
$68,318 |
Loans, net |
$46,025 |
$46,860 |
Investment securities |
$11,347 |
$11,836 |
Deposits |
$59,590 |
$60,304 |
Shareholders' equity |
$7,337 |
$7,531 |
| Ratios: | Quarter ended March 31, 2010 |
Quarter ended March 31, 2009 |
Loss on assets |
(1.12%) |
(0.80%) |
Loss on equity |
(11.12%) |
(6.92%) |
Tangible Equity to assets ratio |
9.85% |
9.99% |