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THE LEADERS BANK
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YEAR END 2008
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FINANCIAL HIGHLIGHTS
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| (unaudited) |
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| STATEMENT OF CONDITION ($000) |
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08/07
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Dec 31
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Dec 31
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%
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2008
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2007
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Change
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| Total Assets |
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646,664 |
461,553 |
40% |
| Loans, net |
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584,703 |
390,261 |
50% |
| Portfolio Funds |
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46,146 |
57,068 |
-19% |
| Deposits |
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|
579,199 |
415,766 |
39% |
| Other Borrowings |
|
9,856 |
482 |
1945% |
| Subordinated Debt |
|
7,500 |
- |
100% |
| Stockholders' equity |
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40,611 |
40,611 |
0% |
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| STATEMENT OF INCOME ($000) |
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Year Ended
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08/07
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Dec 31
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Dec 31
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%
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2008
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2007
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Change
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| Interest income…………………. |
29,605 |
29,751 |
0% |
| Interest expense……………….. |
18,129 |
16,700 |
9% |
| Net interest income………….. |
11,476 |
13,050 |
-12% |
| Provision for loan losses………. |
3,118 |
465 |
571% |
| Net interest income after |
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| provision for loan losses……. |
8,358 |
12,586 |
-34% |
| Other operating income………… |
1,137 |
761 |
49% |
| Securities gain(loss)… ……….. |
- |
- |
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| Other operating expense………. |
12,472 |
9,878 |
26% |
| Income before income taxes…. |
(2,977) |
3,469 |
-186% |
| Provision for income taxes…….. |
(1,294) |
1,119 |
-216% |
| Net income…………………….. |
(1,683) |
2,350 |
-172% |
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| SELECTED FINANCIAL DATA |
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| Selected Financial Ratios |
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| Return on Assets |
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-0.30% |
0.58% |
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| Return on Equity |
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-3.70% |
6.69% |
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| Efficiency Ratio |
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98.88% |
71.50% |
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| Leverage Capital |
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7.96% |
9.23% |
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| Charge-offs/(Recoveries) |
0.11% |
-0.08% |
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| Allowance/Total Loans |
1.24% |
1.23% |
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| Nonperforming Loans/Total Assets |
1.95% |
0.11% |
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