LOGO OF FIDELITY FEDERAL BANCORP
FINANCIAL HIGHLIGHTS
(DOLLARS IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)
THREE MONTHS ENDED TWELVE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
OPERATIONS: 2003 2002 2003 2002
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Interest income $ 1,836 $ 1,525 $ 6,650 $ 9,034
Interest expense 856 1,281 3,827 6,022
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Net interest income 980 244 2,823 3,012
Provision for loan losses 36 40 13 (360)
Non-interest income 640 1,177 3,878 3,507
Non-interest expense 1,613 2,936 6,694 9,927
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Income (loss) before income tax (29) (1,555) (6) (3,048)
Income taxes (59) (1,034) (220) (641)
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Income (loss) from continuing operations 30 (521) 214 (2,407)
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Loss on discontinued operations before tax -- (775) -- (1,537)
Income tax expense -- 680 -- 451
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Loss on discontinued operations -- (1,455) -- (1,988)
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Net income (loss) $ 30 $ (1,976) $ 214 $ (4,395)
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PER SHARE:
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Basic net income (loss) from continuing operations $ 0.00 $ (0.08) $ 0.02 $ (0.39)
Basic net income (loss) from discontinued operations . (0.22) (0.32)
Basic net income (loss) 0.00 (0.30) 0.02 (0.71)
Diluted net income (loss) from continuing operations . 0.00 (0.08) 0.02 (0.39)
Diluted net income (loss) from discontinued operations (0.22) (0.32)
Diluted net income (loss) 0.00 (0.30) 0.02 (0.71)
Book value at period end 1.39 1.42
Market price (bid) at period end 1.62 1.47
Average common and common
equivalent shares outstanding 9,618,658 6,649,664 8,932,084 6,183,269
AVERAGE BALANCES:
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Total assets $ 166,889 $ 144,878 $ 149,577 $ 159,625
Total earning assets 149,063 122,813 131,080 138,033
Total loans 98,449 72,935 82,331 94,821
Total deposits 119,538 109,808 111,888 119,085
Total stockholders' equity 13,335 10,968 12,668 11,936
FHLB advances 24,605 9,466 15,172 13,561
Borrowings 7,397 11,012 7,611 11,998
PERFORMANCE RATIOS:
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Return on average assets 0.07% -5.41% 0.14% -2.75%
Return on average equity 0.89% -71.50% 1.69% -36.82%
Net interest margin 2.61% 1.77% 2.15% 2.18%
LOAN QUALITY RATIOS:
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Net charge-offs to average loans and letters of credit 0.18% 0.68% 0.10% 0.77%
Allowance for loan and letter of credit losses to total
loans and letters of credit at end of period 0.80% 1.24%
Non-performing loans to total loans 1.48% 1.30%
Non-performing assets to total assets 0.87% 2.35%
SAVINGS BANK CAPITAL RATIOS:
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Tangible equity to assets at end of period 6.87% 8.52%
Risk-based capital ratios:
Tier 1 capital 9.16% 9.95%
Total capital 13.62% 12.53%
AT PERIOD END:
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Total assets $ 175,390 $ 132,290
Total earning assets 158,111 113,879
Total loans 100,957 73,924
Total deposits 120,680 106,791
Total stockholders' equity 13,367 9,588
FHLB Advances 31,550 3,000
Borrowings 8,077 10,586
Common shares outstanding 9,618,658 6,740,883