Balance Sheet ($000)
2005 Q4
2004 Q4
Y-Y
Ch (%)
2005 Q3
Q-Q
Ch (%) †
Cash & Equivalents
34,472
16,092
114.22
51,656
(133.06)
Total Securities
0
0
0.00
0
0.00
Total Assets
670,989
554,693
20.97
732,933
(33.81)
Total Debt
517,058
434,999
18.86
582,846
(45.15)
Accounts Payable and Accrued Expenses
NA
NA
NA
NA
NA
Total Liabilities
558,380
464,343
20.25
625,462
(42.90)
Total Mezzanine Items
0
0
0.00
0
0.00
Total Equity
112,609
90,350
24.64
107,471
19.12
Shares Outstanding
11,755,225
11,527,697
1.97
11,736,817
0.63
Income Statement ($000)
2005 Q4
2004 Q4
Y-Y
Ch (%)
2005 Q3
Q-Q
Ch (%) †
Interest Income
17,979
15,283
17.64
17,490
11.18
Interest Expense
5,933
4,532
30.91
5,618
22.43
Net Interest Income
12,046
10,751
12.05
11,872
5.86
Provision for Losses
2,426
2,525
(3.92)
2,757
(48.02)
Total Revenue
17,876
15,870
12.64
17,259
14.30
Total Non Interest Expense
8,226
7,269
13.17
8,006
10.99
Total Expenses
10,652
9,794
8.76
11,516
(30.01)
Net Income
4,370
3,608
21.12
3,444
107.55
EBITDA
15,647
13,067
19.74
11,924
124.89
Per Share Items ($)
2005 Q4
2004 Q4
Y-Y
Ch (%)
2005 Q3
Q-Q
Ch (%) †
Book Value Per Share
9.58
7.84
22.22
9.16
18.47
Diluted EPS Before Extra
0.36
0.31
16.13
0.29
96.55
Diluted EPS After Extra
0.36
0.31
16.13
0.29
96.55
Dividends Declared
0.0000
0.0000
0.00
0.0000
0.00
Dividend Payout (%)
0.0
0.0
0 (bp)
0.0
0 (bp)
Performance Ratios
2005 Q4
2004 Q4
Y-Y
Ch (bp)
2005 Q3
Q-Q
Ch (bp)
ROAA
2.49
2.52
(3)
2.06
43
ROAE
15.89
16.42
(53)
13.20
270
Net Interest Margin
6.94
9.08
(214)
7.19
(25)
Net Income Growth
21.12
135.82
(11,470)
1.44
1,968
Asset Growth
(33.81)
(24.54)
(926)
87.33
(12,114)
EBITDA/ Interest Expense (x)
2.64
2.88
(25) (100bp)
2.12
51 (100bp)
Balance Sheet Ratios (%)
2005 Q4
2004 Q4
Y-Y
Ch (bp)
2005 Q3
Q-Q
Ch (bp)
Equity/ Assets
16.78
16.29
49
14.66
212
Debt/ Equity (x)
4.59
4.81
(22) (100bp)
5.42
(83) (100bp)
Debt/ Total BV Capitalization
82.12
82.80
(69)
84.43
(232)
Loan Portfolio ($000)
2005 Q4
2004 Q4
Y-Y
Ch (%)
2005 Q3
Q-Q
Ch (%) †
Gross Loans
580,394
495,740
17.08
565,770
10.34
†  Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4