|
National Bankshares, Inc.And Subsidiaries | ||||||||||
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(000's), except ratios and percent data | ||||||||||
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Three months ending |
|
December 31, 2007 |
|
December 31, 2006 |
|
Change |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
Selected Consolidated Data : |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
12,851 |
|
$ |
12,427 |
|
|
3.41 |
% |
|
Interest expense |
|
|
5,517 |
|
|
5,261 |
|
|
4.87 |
% |
|
Net interest income |
|
|
7,334 |
|
|
7,166 |
|
|
2.34 |
% |
|
Provision for loan losses |
|
|
294 |
|
|
9 |
|
|
3166.67 |
% |
|
Trust income |
|
|
314 |
|
|
469 |
|
|
-33.05 |
% |
|
Other noninterest income |
|
|
1,883 |
|
|
1,830 |
|
|
2.90 |
% |
|
Salary and benefits |
|
|
2,533 |
|
|
2,760 |
|
|
-8.22 |
% |
|
Occupancy expense |
|
|
427 |
|
|
478 |
|
|
-10.67 |
% |
|
Amortization of intangibles |
|
|
285 |
|
|
284 |
|
|
0.35 |
% |
|
Other noninterest expense |
|
|
1,850 |
|
|
1,852 |
|
|
-0.11 |
% |
|
Income taxes |
|
|
-919 |
|
|
-881 |
|
|
4.31 |
% |
|
Net income |
|
$ |
3,223 |
|
$ |
3,201 |
|
|
0.69 |
% |
|
Basic net income per share |
|
$ |
0.46 |
|
$ |
0.46 |
|
$ |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daily averages: |
|
|
|
|
|
|
|
|
|
|
|
Gross loans |
|
$ |
520,992 |
|
$ |
498,366 |
|
|
4.54 |
% |
|
Loans,net |
|
|
514,814 |
|
|
492,104 |
|
|
4.61 |
% |
|
Total securities |
|
|
277,008 |
|
|
272,644 |
|
|
1.60 |
% |
|
Total deposits |
|
|
763,023 |
|
|
751,639 |
|
|
1.51 |
% |
|
Other borrowings |
|
|
65 |
|
|
78 |
|
|
-16.67 |
% |
|
Stockholders' equity |
|
|
103,677 |
|
|
97,741 |
|
|
6.07 |
% |
|
Cash and due from |
|
|
13,870 |
|
|
15,795 |
|
|
-12.19 |
% |
|
Interest-earning assets |
|
|
816,169 |
|
|
792,919 |
|
|
2.93 |
% |
|
Interest-bearing liabilities |
|
|
651,162 |
|
|
646,673 |
|
|
0.69 |
% |
|
Intangible assets |
|
|
15,000 |
|
|
16,138 |
|
|
-7.05 |
% |
|
Total assets |
|
|
874,400 |
|
|
854,040 |
|
|
2.38 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial ratios: Note (1) |
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
|
1.46 |
% |
|
1.49 |
% |
|
-0.03 |
|
|
Return on average equity |
|
|
12.33 |
% |
|
12.99 |
% |
|
-0.66 |
|
|
Net interest margin |
|
|
3.95 |
% |
|
4.06 |
% |
|
-0.11 |
|
|
Average equity to average assets |
|
|
11.86 |
% |
|
11.44 |
% |
|
0.41 |
|
|
Note (1) Ratio change measured in bp |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
5,043 |
|
$ |
5,252 |
|
|
-3.98 |
% |
|
Provision for losses |
|
|
294 |
|
|
9 |
|
|
3166.67 |
% |
|
Charge-offs |
|
|
-152 |
|
|
-114 |
|
|
33.33 |
% |
|
Recoveries |
|
|
34 |
|
|
10 |
|
|
240.00 |
% |
|
Ending balance |
|
$ |
5,219 |
|
$ |
5,157 |
|
|
1.20 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year to Date |
|
|
December 31, 2007 |
|
|
December 31, 2006 |
|
|
Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selected Consolidated Data : |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
50,769 |
|
$ |
47,901 |
|
|
5.99 |
% |
|
Interest expense |
|
|
21,745 |
|
|
18,564 |
|
|
17.14 |
% |
|
Net interest income |
|
|
29,024 |