First State Financial Corporation (FSTF)

First State Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Interest Income on Loans	25.35	32.5	29.81	19.77	13.21
Interest Income on Investments	3.89	2.34	1.58	1.01	0.67
Total Interest Income	29.24	34.84	31.39	20.78	13.88
Interest Paid on Deposits	14.96	16.76	13.03	6.87	4.51
Interest Paid on Borrowings	1.94	0.79	0.5	0.4	0.39
Total Interest Expense	16.89	17.55	13.53	7.27	4.9
Net Interest Income	12.34	17.29	17.86	13.51	8.98
Net Interest Income Growth (YoY)	-28.61%	-3.19%	32.17%	50.53%	32.82%
Mortgage Banking Activities	0.34	0.67	1.37	1.15	0.61
Gain (Loss) on Sale of Investments	-0.47	-	-	-	-
Other Non-Interest Income	0.06	0.09	0.15	0.06	0.03
Total Non-Interest Income	1.06	2.16	2.85	2.24	1.58
Non-Interest Income Growth (YoY)	-50.90%	-24.15%	27.24%	41.35%	36.43%
Revenues Before Loan Losses	13.4	19.45	20.71	15.75	10.56
Provision for Loan Losses	22.44	3.9	1.24	0.74	0.79
Revenue	-9.04	15.55	19.47	15.02	9.78
Revenue Growth (YoY)	-	-20.11%	29.65%	53.63%	42.29%
Salaries and Employee Benefits	7.85	7.3	6.84	5.45	3.86
Occupancy Expenses	-	-	-	-	1.03
Selling, General & Administrative	3.99	3.34	2.97	2.33	0.89
Other Non-Interest Expense	2.07	1.21	1.16	1.12	0.69
Total Non-Interest Expense	13.97	11.84	10.96	8.89	6.46
EBT Excluding Unusual Items	-23	3.71	8.51	6.13	3.31
Pretax Income	-22.95	3.71	8.51	6.13	3.31
Income Tax Expense	-1.81	1.33	3.17	2.29	1.24
Net Income	-21.14	2.38	5.34	3.84	2.07
Net Income to Common	-21.14	2.38	5.34	3.84	2.07
Net Income Growth	-	-55.36%	39.20%	85.18%	160.63%
Basic Shares Outstanding	6	6	6	6	3
Diluted Shares Outstanding	6	6	6	6	3
Shares Change (YoY)	0.04%	0.11%	0.35%	68.78%	12.68%
EPS (Basic)	-3.57	0.40	0.91	0.65	0.60
EPS (Diluted)	-3.57	0.40	0.90	0.65	0.59
EPS Growth	-	-55.56%	38.46%	10.17%	129.04%
Dividend Per Share	0.160	0.320	0.290	0.200	-
Dividend Growth	-50.00%	10.35%	45.00%	-	-
Effective Tax Rate	-	35.74%	37.22%	37.36%	37.44%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.