EXHIBIT 13.3
Summarized Quarterly Financial Information
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
| | | | | | | | | | | | | | | | |
2004
| | First Quarter
| | | Second Quarter
| | | Third Quarter
| | | | |
Total interest income | | $ | 3,312,275 | | | $ | 3,264,003 | | | $ | 3,428,544 | | | | | |
Total interest expense | | | 1,065,824 | | | | 1,039,123 | | | | 1,048,859 | | | | | |
Net interest income | | | 2,246,451 | | | | 2,224,880 | | | | 2,379,685 | | | | | |
Provision for loan losses | | | 30,000 | | | | 90,000 | | | | 90,000 | | | | | |
Investment securities gain (loss) | | | (2,501 | ) | | | 6,427 | | | | (880 | ) | | | | |
Total other income | | | 289,355 | | | | 301,170 | | | | 336,408 | | | | | |
Total other expenses | | | 1,624,134 | | | | 1,628,201 | | | | 1,707,810 | | | | | |
Income before income taxes | | | 879,171 | | | | 814,276 | | | | 917,403 | | | | | |
Net income | | | 658,740 | | | | 625,579 | | | | 707,973 | | | | | |
Net income per share | | | 0.43 | | | | 0.41 | | | | 0.46 | | | | | |
| | | | |
2003
| | First Quarter
| | | Second Quarter
| | | Third Quarter
| | | Fourth Quarter
| |
Total interest income | | $ | 3,396,307 | | | $ | 3,331,171 | | | $ | 3,312,373 | | | $ | 3,278,963 | |
Total interest expense | | | 1,204,535 | | | | 1,170,228 | | | | 1,126,618 | | | | 1,101,601 | |
Net interest income | | | 2,191,772 | | | | 2,160,943 | | | | 2,185,755 | | | | 2,177,362 | |
Provision for loan losses | | | 90,000 | | | | 75,000 | | | | 45,000 | | | | 225,000 | |
Investment securities gain | | | — | | | | 105,200 | | | | 8 | | | | 108,510 | |
Total other income | | | 265,118 | | | | 264,732 | | | | 311,285 | | | | 291,259 | |
Total other expenses | | | 1,549,416 | | | | 1,531,582 | | | | 1,659,473 | | | | 1,601,272 | |
Income before income taxes | | | 817,474 | | | | 924,293 | | | | 792,575 | | | | 750,859 | |
Net income | | | 619,471 | | | | 690,729 | | | | 608,923 | | | | 599,118 | |
Net income per share | | | 0.40 | | | | 0.45 | | | | 0.40 | | | | 0.39 | |
| | | | |
2002
| | First Quarter
| | | Second Quarter
| | | Third Quarter
| | | Fourth Quarter
| |
Total interest income | | $ | 3,442,323 | | | $ | 3,659,721 | | | $ | 3,633,724 | | | $ | 3,572,817 | |
Total interest expense | | | 1,273,474 | | | | 1,300,488 | | | | 1,298,615 | | | | 1,227,913 | |
Net interest income | | | 2,168,849 | | | | 2,359,233 | | | | 2,335,109 | | | | 2,344,904 | |
Provision for loan losses | | | 150,000 | | | | 150,000 | | | | 150,000 | | | | 90,000 | |
Investment securities gain (loss) | | | 17,477 | | | | (4,974 | ) | | | 3 | | | | (6,281 | ) |
Total other income | | | 229,059 | | | | 241,130 | | | | 282,411 | | | | 274,173 | |
Total other expenses | | | 1,420,298 | | | | 1,501,635 | | | | 1,527,168 | | | | 1,612,925 | |
Income before income taxes | | | 845,087 | | | | 943,754 | | | | 940,355 | | | | 909,871 | |
Net income | | | 610,964 | | | | 673,063 | | | | 675,707 | | | | 714,083 | |
Net income per share | | | 0.40 | | | | 0.44 | | | | 0.44 | | | | 0.46 | |