EXHIBIT 13.3
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
| | | | | | | | | | | | | | | |
2009 | | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter |
Total interest income | | $ | 3,304,098 | | | $ | 3,254,038 | | | $ | 3,193,845 | | | | |
Total interest expense | | | 1,193,530 | | | | 1,105,757 | | | | 1,054,974 | | | | |
Net interest income | | | 2,110,568 | | | | 2,148,281 | | | | 2,138,871 | | | | |
Provision for loan losses | | | — | | | | 10,000 | | | | 30,000 | | | | |
Investment securities gain (loss) | | | (7,393 | ) | | | 185,945 | | | | (21,429 | ) | | | |
Total other income | | | 296,901 | | | | 302,979 | | | | 341,091 | | | | |
Total other expenses | | | 1,737,025 | | | | 1,938,040 | | | | 1,900,933 | | | | |
Income before income taxes | | | 663,051 | | | | 689,165 | | | | 527,600 | | | | |
Net income | | | 523,594 | | | | 546,225 | | | | 468,248 | | | | |
Net income per share | | | 0.33 | | | | 0.34 | | | | 0.30 | | | | |
| | | | |
2008 | | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter |
Total interest income | | $ | 3,482,786 | | | $ | 3,329,189 | | | $ | 3,366,841 | | | $ | 3,335,265 |
Total interest expense | | | 1,352,940 | | | | 1,297,528 | | | | 1,329,848 | | | | 1,294,900 |
Net interest income | | | 2,129,846 | | | | 2,031,661 | | | | 2,036,993 | | | | 2,040,365 |
Provision for loan losses | | | — | | | | — | | | | — | | | | — |
Investment securities gain (loss) | | | 112,501 | | | | (511 | ) | | | (2,081 | ) | | | — |
Total other income | | | 347,984 | | | | 334,061 | | | | 355,438 | | | | 340,516 |
Total other expenses | | | 1,762,484 | | | | 1,723,293 | | | | 1,734,713 | | | | 1,788,280 |
Income before income taxes | | | 827,847 | | | | 641,918 | | | | 655,637 | | | | 592,601 |
Net income | | | 636,341 | | | | 511,217 | | | | 521,905 | | | | 536,048 |
Net income per share | | | 0.40 | | | | 0.32 | | | | 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 | | | 0.26 | | | | 0.32 | | | | 0.36 | | | | 0.34 |