These excerpts taken from the IBKC 8-K filed Feb 6, 2007.
Note 4: Title Company Operations
Included in other income are the following significant categories of income from title company operations for the nine months ended September 30, 2006 and September 30, 2005:
Note 16: Title company operations
Included in other income are the following significant categories of income from title company operations for the years ended December 31:
On August 9, 2005, LTC acquired the assets of a title insurance company located in north central Arkansas (the Acquired Company) for $981,000 in cash. The results of operations of the Acquired Company have been included in the consolidated financial statements since the date of acquisition. The purchase price was assigned as follows: Title plant - $827,250; agreements not to compete - $63,750; goodwill (which is deductible for income tax reporting purposes) - $58,750; other assets - $31,250.
PULASKI INVESTMENT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, 2004 and 2003