EXHIBIT 13.3
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
| | | | | | | | | | | | | | | |
2008 | | First Quarter | | | Second Quarter | | | Third Quarter | | | |
Total interest income | | $ | 3,482,786 | | | $ | 3,329,189 | | | $ | 3,366,841 | | | | |
Total interest expense | | | 1,352,940 | | | | 1,297,528 | | | | 1,329,848 | | | | |
Net interest income | | | 2,129,846 | | | | 2,031,661 | | | | 2,036,993 | | | | |
Provision for loan losses | | | — | | | | — | | | | — | | | | |
Investment securities gain (loss) | | | 112,501 | | | | (511 | ) | | | (2,081 | ) | | | |
Total other income | | | 347,984 | | | | 334,061 | | | | 355,438 | | | | |
Total other expenses | | | 1,762,484 | | | | 1,723,293 | | | | 1,734,713 | | | | |
Income before income taxes | | | 827,847 | | | | 641,918 | | | | 655,637 | | | | |
Net income | | | 636,341 | | | | 511,217 | | | | 521,905 | | | | |
Net income per share | | | 0.42 | | | | 0.33 | | | | 0.34 | | | | |
| | | | |
2007 | | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter |
Total interest income | | $ | 3,379,956 | | | $ | 3,381,757 | | | $ | 3,454,255 | | | $ | 3,492,528 |
Total interest expense | | | 1,321,508 | | | | 1,313,361 | | | | 1,397,738 | | | | 1,398,893 |
Net interest income | | | 2,058,448 | | | | 2,068,396 | | | | 2,056,517 | | | | 2,093,635 |
Provision for loan losses | | | — | | | | — | | | | (100,000 | ) | | | — |
Investment securities gain (loss) | | | (54,193 | ) | | | 2,837 | | | | (605 | ) | | | 29,706 |
Total other income | | | 330,850 | | | | 355,763 | | | | 370,086 | | | | 376,034 |
Total other expenses | | | 1,864,452 | | | | 1,787,705 | | | | 1,787,298 | | | | 1,832,789 |
Income before income taxes | | | 470,653 | | | | 639,291 | | | | 738,700 | | | | 666,586 |
Net income | | | 415,396 | | | | 506,022 | | | | 579,613 | | | | 534,931 |
Net income per share | | | 0.27 | | | | 0.33 | | | | 0.38 | | | | 0.35 |
| | | | |
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 |