EXHIBIT 13.3
Summarized Quarterly Financial Information
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First West Virginia Bancorp, Inc.
Summarized Quarterly Financial Information
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A summary of selected quarterly financial information follows:
First Second Third
1998 Quarter Quarter Quarter
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Total interest income $ 3,017,292 $ 3,062,636 $ 3,148,133
Total interest expense 1,276,939 1,325,792 1,363,263
Net interest income 1,740,353 1,736,844 1,784,870
Provision for loan losses 46,500 56,500 76,500
Investment Securities gain (loss) (1,608) -- 2,786
Total other income 191,504 183,293 215,373
Total other expenses 1,109,594 1,125,921 1,172,069
Income before income taxes 774,155 737,716 754,460
Net income 519,740 501,192 515,715
Net income per share (1) .41 .40 .41
First Second Third Fourth
1997 Quarter Quarter Quarter Quarter
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Total interest income $ 2,698,339 $ 2,845,165 $ 2,954,722 $ 3,008,583
Total interest expense 1,087,969 1,161,352 1,224,185 1,270,941
Net interest income 1,610,370 1,683,813 1,730,537 1,737,642
Provision for loan losses 25,500 36,000 34,500 34,500
Investment Securities Gain (Loss) -- -- -- (1,291)
Total other income 174,106 153,694 172,615 139,807
Total other expenses 1,044,887 1,091,516 1,116,343 1,124,623
Income before income taxes 714,089 709,991 752,309 717,035
Net income 476,607 474,485 502,677 476,799
Net income per share (1) .38 .38 .40 .38
First Second Third Fourth
1996 Quarter Quarter Quarter Quarter
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Total interest income $ 2,372,377 $ 2,473,455 $ 2,556,220 $ 2,665,006
Total interest expense 916,012 958,753 993,702 1,056,942
Net interest income 1,456,365 1,514,702 1,562,518 1,608,064
Provision for loan losses 14,400 14,400 16,800 25,000
Investment Securities Gain (Loss) (1,050) 339 -- --
Total other income 136,416 143,670 148,902 139,487
Total other expenses 1,016,692 1,040,824 1,038,297 1,085,853
Income before income taxes 560,639 603,487 656,323 636,698
Net income 374,361 405,277 435,046 429,310
Net income per share (1) .30 .32 .35 .34
(1) Adjusted for a 4 percent common stock dividend to stockholders of
record as of October 1, 1998, payable October 26, 1998, a 3 for 2 stock split
in the effect of a 50% stock dividend to stockholders of record as of
October 1, 1997, and a 4 percent common stock dividend to stockholders of
record as of December 2, 1996.
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