.... |
FINANCIAL HIGHLIGHTS |
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| ... |
| ($ 000's, except per share amounts) |
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|
| At December 31, |
1998 |
1997 |
Change |
% Change |
|
| Total Assets |
$ 485,921 |
$ 458,986 |
$ 26,935 |
5.87% |
| Gross Loans |
246,209 |
242,224 |
3,985 |
1.65% |
| Total Deposits |
355,756 |
347,950 |
7,806 |
2.24% |
| Total Stockholders' Equity |
65,113 |
60,195 |
4,918 |
8.17% |
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|
| Years Ended December 31, |
1998 |
1997 |
Change |
% Change |
|
| Net Income |
$ 7,304 |
$ 7,010 |
$ 294 |
4.19% |
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|
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| PER SHARE DATA (1) |
|
|
|
|
| Basic Earnings Per Share |
$ 1.64 |
$ 1.58 |
$0.06 |
3.80% |
| Diluted Earnings Per Share |
1.64 |
1.57 |
0.07 |
4.46% |
| Book Value |
14.63 |
13.54 |
1.09 |
8.05% |
| Cash Dividends |
0.60 |
0.48 |
0.12 |
25.00% |
| .. |
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| SELECTED AVERAGE BALANCES |
|
|
|
|
| Total Assets |
$ 471,097 |
$ 434,846 |
$ 36,251 |
8.34% |
| Total Loans |
242,020 |
241,019 |
1,001 |
0.42% |
| Total Deposits |
354,396 |
335,336 |
19,060 |
5.68% |
| Total Stockholders' Equity |
62,619 |
57,087 |
5,532 |
9.69% |
| .. |
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| PROFITABILITY |
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|
| Return on Average Assets (2) |
1.55% |
1.61% |
-0.06% |
-3.73% |
| Return on Average Equity (2) |
11.66% |
12.28% |
-0.62% |
-5.05% |
Tax Equivalent Net Interest Income
to Average Earning Assets |
3.99% |
4.33% |
-0.34% |
-7.85% |
| .. |
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| CAPITAL ADEQUACY |
|
|
|
|
| Average Equity to Average Assets (2) |
13.29% |
13.13% |
0.16% |
1.22% |
| Tier II Capital Ratio |
21.84% |
21.65% |
.19% |
.88% |
| Loan Loss Allowance as a % of Total Loans |
2.20% |
2.24% |
-.04% |
-1.79% |
| .. |
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| LIQUIDITY |
|
|
|
|
| Average Loans to Average Deposits |
68.29% |
71.87% |
-3.58% |
-4.98% |
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| (1) - Restated for five-for-one stock
split in 1998. |
| (2) - Does not reflect impart of
securities available for sale fair values on average balances. |
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... |
NSFC ANNUAL |
3 |
REPORT
1998 |
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