HNBC » Topics » Net Interest Income

This excerpt taken from the HNBC 10-K filed Mar 15, 2006.

Net Interest Income

Net interest income on a tax equivalent basis in 2005 increased $962,000, or 1.0% to $93.5 million, compared to 2004. The increase in 2005 was mostly due to higher loan volume, partially offset by higher deposit rates. As a result of market conditions, deposit rates have increased more quickly than the loan

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rates have increased. Net interest income on a tax equivalent basis in 2004 increased $3.8 million, or 4.3% to $92.5 million in comparison to 2003. The increase in 2004 was primarily the result of loan growth partially offset by lower loan rates and a higher level of borrowings. The lower loan rates were largely attributable to the general decline in market interest rates.

The rate volume analysis in the following table, which is computed on a tax-equivalent basis (tax rate of 35%), analyzes changes in net interest income for the last three years by their volume and rate components. The change attributable to both volume and rate has been allocated proportionately.

This excerpt taken from the HNBC 10-K filed Mar 9, 2005.

Net Interest Income

        Net interest income on a tax equivalent basis in 2004 increased $3.8 million, or 4.3% to $92.5 million. The increase in 2004 was primarily the result of loan growth partially offset by lower loan rates and a higher level of borrowings. The lower loan rates were largely attributable to the general decline in market interest rates. Net interest income on a tax equivalent basis in 2003 increased $1.4 million, or 1.6% to $88.7 million. The increase in 2003 was primarily due to a higher level of investment securities partially offset by the decrease in net interest income related to rates.

        The rate volume analysis in the following table, which is computed on a tax-equivalent basis (tax rate of 35%), analyzes changes in net interest income for the last three years by their volume and rate components. The change attributable to both volume and rate has been allocated proportionately.

EXCERPTS ON THIS PAGE:

10-K
Mar 15, 2006
10-K
Mar 9, 2005
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