EXHIBIT 13.3
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
| | | | | | | | | | | | | | | | |
2010 | | First Quarter | | | Second Quarter | | | Third Quarter | | | | |
Total interest income | | $ | 2,997,289 | | | $ | 3,025,943 | | | $ | 2,943,635 | | | | | |
Total interest expense | | | 871,185 | | | | 783,922 | | | | 738,435 | | | | | |
Net interest income | | | 2,126,104 | | | | 2,242,021 | | | | 2,205,200 | | | | | |
Provision for loan losses | | | 30,000 | | | | 30,000 | | | | 30,000 | | | | | |
Investment securities gain (loss) | | | — | | | | 253,267 | | | | 308,095 | | | | | |
Total other income | | | 294,915 | | | | 323,699 | | | | 487,379 | | | | | |
Total other expenses | | | 1,897,110 | | | | 1,932,889 | | | | 1,922,485 | | | | | |
Income before income taxes | | | 493,909 | | | | 856,098 | | | | 1,048,189 | | | | | |
Net income | | | 460,651 | | | | 668,034 | | | | 786,938 | | | | | |
Net income per share | | | 0.29 | | | | 0.42 | | | | 0.50 | | | | | |
| | | | |
2009 | | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter | |
Total interest income | | $ | 3,304,098 | | | $ | 3,254,038 | | | $ | 3,193,845 | | | $ | 3,161,861 | |
Total interest expense | | | 1,193,530 | | | | 1,105,757 | | | | 1,054,974 | | | | 973,838 | |
Net interest income | | | 2,110,568 | | | | 2,148,281 | | | | 2,138,871 | | | | 2,188,023 | |
Provision for loan losses | | | — | | | | 10,000 | | | | 30,000 | | | | 143,942 | |
Investment securities gain (loss) | | | (7,393 | ) | | | 185,945 | | | | (21,429 | ) | | | 31,394 | |
Total other income | | | 296,901 | | | | 302,979 | | | | 341,091 | | | | 661,515 | |
Total other expenses | | | 1,737,025 | | | | 1,938,040 | | | | 1,900,933 | | | | 2,016,083 | |
Income before income taxes | | | 663,051 | | | | 689,165 | | | | 527,600 | | | | 720,907 | |
Net income | | | 523,594 | | | | 546,225 | | | | 468,248 | | | | 766,919 | |
Net income per share | | | 0.33 | | | | 0.34 | | | | 0.30 | | | | 0.48 | |
| | | | |
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 | |