EX-99 2 data.txt Selected Financial Condition Data: At December 31, At March 31, 2004 2004 (In Thousands) Total Assets $185,447 $160,003 Loans Receivable, net (1) 119,359 113,059 Securities Available for Sale 3,034 3,421 Securities Held to Maturity 47,714 32,707 Deposits 111,025 107,861 Total Borrowings 43,350 23,200 Stockholders' Equity 27,667 26,231 (1) The allowance for loan losses was $737,000 and $582,000 at December 31, 2004 and March 31,2004 respectively.
Three Months Ended Nine Months Ended December 31, December 31, 2004 2003 2004 2003 (In thousands, except for per share data) Selected Operating Data: Interest Income $2,506 $2,174 $7,338 $6,187 Interest Expense 728 582 2,115 1,585 Net Interest Income 1,778 1,592 5,223 4,602 Provision for Loan Losses - - 125 - Net Interest Income after provision for Loan Losses 1,778 1,592 5,098 4,602 Non-interest income 208 96 1,320 305 Non-interest expense 1,150 1,040 3,554 2,954 Income before income taxes 836 648 2,864 1,953 Income taxes 350 302 1,211 882 Net income 486 346 1,653 1,071 Net Income per share- Basic $0.31 $0.22 $1.04 $0.67 Net Income per share -Fully Diluted $0.30 $0.22 $1.04 $0.67
Selected Financial Ratios and Other Data: At or for the Three Months Ended December 31, Performance Ratios: 2004 2003 Return on Average Assets 1.05% 0.87% Return on Average Equity 7.07% 5.30% Interest Rate Spread 3.73% 3.91% Asset Quality Ratios: Non-performing assets to total assets 0.09% 0.12% Allowance for loan losses to non performing loans 810.52% 481.70% Allowance for loan losses to total loan receivable 0.62% 0.53% Capital Ratio: Equity to total assets 14.92% 16.32%