Community Investors Bancorp, Inc. reported total assets at
Community Investors Bancorp, Inc. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In thousands) UNAUDITED March 31, June 30, ASSETS 2009 2008 ---------- --------- Cash and cash equivalents $22,087 $13,890 FHLB overnight deposits 2,350 4,600 Investment securities 4,525 5,394 Mortgage-backed securities 4,537 4,509 Loans receivable-gross 104,966 108,126 Less: Allowance for loan loss 1,000 880 ---------- --------- Loans receivable-net 103,966 107,246 Interest receivable 806 840 Prepaid federal income tax 75 130 FHLB stock 2,237 2,207 Prepaid expenses 448 441 Fixed assets 4,242 4,343 Other assets 572 293 ---------- --------- Total assets $145,845 $143,893 ========== ========= LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities Deposits $ 96,470 $93,142 Advances from the Federal Home Loan Bank 35,500 38,500 Interest payable 269 275 Other liabilities 368 1,095 Preferred dividend payable 17 - Deferred federal income tax 44 96 ---------- --------- Total liabilities 132,668 133,108 Shareholders' equity Preferred stock 2,611 - Common stock 15 15 Additional paid-in capital 5,217 5,227 Retained earnings 12,465 12,572 Accumulated other comprehensive loss (336) (234) Treasury stock (6,795) (6,795) ---------- --------- Total shareholders equity 13,177 10,785 ---------- --------- Total liabilities and shareholders' equity $145,845 $143,893 ========== ========= Community Investors Bancorp, Inc. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except share data) UNAUDITED Nine months ended Three months ended March 31, March 31, 2009 2008 2009 2008 Total interest income $5,997 $6,845 $1,922 $2,263 Total interest expense 3,265 3,771 996 1,251 ------ ------ ------ ------ Net interest income 2,732 3,074 926 1,012 Provision for losses on loans 243 130 60 55 ------ ------ ------ ------ Net interest income after provision for losses on loans 2,489 2,944 866 957 Other income 462 375 182 109 General, administrative and other expense 2,702 2,532 990 842 ------ ------ ------ ------ Earnings before income taxes 249 787 58 224 Federal income taxes 85 271 20 77 ------ ------ ------ ------ NET EARNINGS $164 $516 $38 $147 ====== ====== ====== ====== Preferred dividends 38 38 ------ ------ NET EARNINGS AVAILABLE TO COMMON SHARES $126 $0 ====== ====== EARNINGS PER SHARE Basic $0.19 $0.58 $0.04 $0.17 ====== ====== ====== ====== Diluted $0.19 $0.58 $0.04 $0.17 ====== ====== ====== ====== Diluted-Available to common shares $0.14 $0.00 ====== ======
SOURCE Community Investors Bancorp, Inc.