EXHIBIT 99.1
Tri City Bankshares Corporation
Quarterly Brochure Financial Data
INCOME STATEMENT (unaudited)
Nine Months Ended Three Months Ended
9/30/2005 9/30/2004 9/30/2005 9/30/2004
Interest Income $26,469,615 $23,578,700 $ 9,174,220 $ 8,178,247
Interest Expense 5,367,309 3,599,911 2,025,155 1,251,265
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Net Interest Income 21,102,306 19,978,789 7,149,065 6,926,982
Other Income 7,224,937 6,258,888 2,245,868 2,125,930
Less: Other Operating Expenses 18,079,237 17,743,950 6,159,694 5,848,845
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Income Before Income Taxes 10,248,006 8,493,727 3,235,239 3,204,067
Provision for Income Taxes 3,311,000 2,537,000 1,014,000 1,032,000
Net Income $ 6,937,006 $ 5,956,727 $ 2,221,239 $ 2,172,067
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Net Income Per Common Share $ 0.82 $ 0.72 $ 0.26 $ 0.26
BALANCE SHEET (unaudited) September 30, 2005 and 2004
ASSETS 2005 2004 LIABILITIES & EQUITY 2005 2004
Cash and Due $ 28,511,344 $ 28,387,232 Non Interest Bearing $ 161,786,696 $ 161,781,437
Investment Securities 140,673,843 152,348,851 Interest Bearing 430,831,956 406,274,989
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Federal Funds Sold - - Total Deposits 592,618,652 568,056,426
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Total Loans 511,970,638 459,122,904 Short Term Debt 20,963,092 10,309,523
Reserve for Loan Losses (5,521,751) (5,545,744) Other Liabilities 1,801,452 1,650,416
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Net Loans 506,448,887 453,577,160 Total Liabilities 615,383,196 580,016,365
Bank Premises & Equipment 20,795,806 20,915,187 Common Stock 8,566,273 8,369,959
Cash surrender value of life insurance 10,654,503 10,271,451 Additional Paid-In Capital 20,329,389 16,704,360
Other Assets 5,805,824 5,251,292 Retained Earnings 68,611,349 65,660,489
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97,507,011 90,734,808
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Total Assets $ 712,890,207 $ 670,751,173 Total Liabilities & Equity $ 712,890,207 $ 670,751,173
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Stock Valuation
The Corporation's stock is traded on the over-the-counter market under the
trading symbol "TRCY." Trading in the Corporation's stock is limited and
sporadic and the Corporation believes that no established trading market for the
Corporation's stock exists. For purposes of the Corporation's Automatic Dividend
Reinvestment Plan, the Board of Directors is required to establish the "Fair
MarketValue" of the Corporation's stock on a quarterly basis based on factors
set forth in the Dividend Reinvestment Plan. The following table sets forth the
Fair Market Value established under the Dividend Reinvestment Plan over the past
two years.
July 2005 $ 19.35 July 2004 19.40
April 2005 19.60 April 2004 19.40
January 2005 19.50 January 2004 19.40
October 2004 19.40 October 2003 19.20