EXHIBIT 13.3
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
| | | | | | | | | | | | | | | |
2007 | | First Quarter | | | Second Quarter | | Third Quarter | | | | |
Total interest income | | $ | 3,379,956 | | | $ | 3,381,757 | | $ | 3,454,255 | | | | | |
Total interest expense | | | 1,321,508 | | | | 1,313,361 | | | 1,397,738 | | | | | |
Net interest income | | | 2,058,448 | | | | 2,068,396 | | | 2,056,517 | | | | | |
Provision for loan losses | | | — | | | | — | | | (100,000 | ) | | | | |
Investment securities gain (loss) | | | (54,193 | ) | | | 2,837 | | | (605 | ) | | | | |
Total other income | | | 330,850 | | | | 355,763 | | | 370,086 | | | | | |
Total other expenses | | | 1,864,452 | | | | 1,787,705 | | | 1,787,298 | | | | | |
Income before income taxes | | | 470,653 | | | | 639,291 | | | 738,700 | | | | | |
Net income | | | 415,396 | | | | 506,022 | | | 579,613 | | | | | |
Net income per share | | | 0.27 | | | | 0.33 | | | 0.38 | | | | | |
| | | | |
2006 | | First Quarter | | | Second Quarter | | Third Quarter | | | Fourth Quarter | |
Total interest income | | $ | 3,361,053 | | | $ | 3,441,719 | | $ | 3,518,234 | | | $ | 3,450,767 | |
Total interest expense | | | 1,122,867 | | | | 1,147,188 | | | 1,288,661 | | | | 1,383,746 | |
Net interest income | | | 2,238,186 | | | | 2,294,531 | | | 2,229,573 | | | | 2,067,021 | |
Provision for loan losses | | | — | | | | — | | | — | | | | — | |
Investment securities gain (loss) | | | (106 | ) | | | 44,215 | | | 778 | | | | 781 | |
Total other income | | | 327,055 | | | | 338,524 | | | 368,824 | | | | 353,068 | |
Total other expenses | | | 1,813,711 | | | | 2,003,925 | | | 1,834,969 | | | | 1,961,422 | |
Income before income taxes | | | 751,424 | | | | 673,345 | | | 764,206 | | | | 459,448 | |
Net income | | | 600,043 | | | | 549,433 | | | 591,693 | | | | 402,655 | |
Net income per share | | | 0.39 | | | | 0.36 | | | 0.39 | | | | 0.26 | |
| | | | |
2005 | | First Quarter | | | Second Quarter | | Third Quarter | | | Fourth Quarter | |
Total interest income | | $ | 3,305,715 | | | $ | 3,271,283 | | $ | 3,246,463 | | | $ | 3,304,796 | |
Total interest expense | | | 987,271 | | | | 1,009,855 | | | 1,008,387 | | | | 1,064,988 | |
Net interest income | | | 2,318,444 | | | | 2,261,428 | | | 2,238,076 | | | | 2,239,808 | |
Provision for loan losses | | | 90,000 | | | | 90,000 | | | — | | | | — | |
Investment securities gain (loss) | | | 77,856 | | | | 2,390 | | | 38,309 | | | | (122 | ) |
Total other income | | | 295,072 | | | | 303,896 | | | 336,568 | | | | 323,734 | |
Total other expenses | | | 1,930,503 | | | | 1,857,371 | | | 1,823,928 | | | | 1,839,623 | |
Income before income taxes | | | 670,869 | | | | 620,343 | | | 789,025 | | | | 723,797 | |
Net income | | | 545,728 | | | | 510,783 | | | 613,555 | | | | 592,199 | |
Net income per share | | | 0.36 | | | | 0.33 | | | 0.40 | | | | 0.39 | |