EXHIBIT 13.3 – Summarized Quarterly Financial Information
First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
A summary of selected quarterly financial information follows:
2012 | First Quarter | Second Quarter | ||||||||||||||
Total interest income | $ | 2,531,454 | $ | 2,488,731 | ||||||||||||
Total interest expense | 488,630 | 457,777 | ||||||||||||||
Net interest income | 2,042,824 | 2,030,954 | ||||||||||||||
Provision for loan losses | — | — | ||||||||||||||
Investment securities gain | — | 342,279 | ||||||||||||||
Total other income | 307,995 | 316,058 | ||||||||||||||
Total other expenses | 1,903,102 | 1,929,691 | ||||||||||||||
Income before income taxes | 447,717 | 759,600 | ||||||||||||||
Net income | 470,000 | 670,034 | ||||||||||||||
Net income per share | 0.28 | 0.41 | ||||||||||||||
2011 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||
Total interest income | $ | 2,861,756 | $ | 2,882,684 | $ | 2,806,855 | $ | 2,655,920 | ||||||||
Total interest expense | 602,421 | 561,942 | 545,953 | 518,991 | ||||||||||||
Net interest income | 2,359,335 | 2,320,742 | 2,260,902 | 2,136,929 | ||||||||||||
Provision for loan losses | 30,000 | 570,000 | — | — | ||||||||||||
Investment securities gain | 172 | 267,704 | 375,121 | 87,900 | ||||||||||||
Total other income | 286,336 | 278,170 | 346,891 | 391,637 | ||||||||||||
Total other expenses | 1,903,540 | 1,907,522 | 1,893,837 | 1,921,179 | ||||||||||||
Income before income taxes | 612,303 | 389,094 | 1,089,077 | 695,287 | ||||||||||||
Net income | 549,907 | 409,135 | 858,932 | 636,171 | ||||||||||||
Net income per share | 0.33 | 0.25 | 0.52 | 0.38 | ||||||||||||
2010 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||
Total interest income | $ | 2,997,289 | $ | 3,025,943 | $ | 2,943,635 | $ | 2,891,028 | ||||||||
Total interest expense | 871,185 | 783,922 | 738,435 | 661,960 | ||||||||||||
Net interest income | 2,126,104 | 2,242,021 | 2,205,200 | 2,229,068 | ||||||||||||
Provision for loan losses | 30,000 | 30,000 | 30,000 | 130,000 | ||||||||||||
Investment securities gain | — | 253,267 | 308,095 | 3,912 | ||||||||||||
Total other income | 294,915 | 323,699 | 487,379 | 305,315 | ||||||||||||
Total other expenses | 1,897,110 | 1,932,889 | 1,922,485 | 1,970,414 | ||||||||||||
Income before income taxes | 493,909 | 856,098 | 1,048,189 | 437,881 | ||||||||||||
Net income | 460,651 | 668,034 | 786,938 | 423,658 | ||||||||||||
Net income per share | 0.28 | 0.40 | 0.48 | 0.26 |
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