OSBK » Topics » Net Interest Income.

These excerpts taken from the OSBK 10-Q filed May 14, 2009.
Net Interest Income. Net interest income increased by $148,000 or 13.8%, to $1.2 million for the three months ended March 31, 2009 from $1.1 million for the three months ended March 31, 2008. The net interest rate spread was 2.70% for the current period, compared to 2.25% in the same period last year. The net interest margin was constant at 3.26% for both three month periods.

 

Net Interest Income. Net interest income increased by $414,000, or 12.6%, to $3.7 million for the nine months ended March 31, 2009, compared to $3.3 million for the nine months ended March 31, 2008 .The net interest rate spread increased to 2.66% for the 2009 period from 2.31% for the 2008 period, while the net interest margin decreased to 3.31% from 3.42% for the same periods. The increase in spread reflects repricing of our maturing certificates of deposit and advances. The decrease in the net interest margin reflects lower levels of equity available for investment, and a decline in short-term investment rates, partially offset by higher levels of non-interest bearing deposit accounts.

 

These excerpts taken from the OSBK 10-Q filed Feb 17, 2009.
Net Interest Income. Net interest income increased by $118,000 or 10.7%, to $1.2 million for the three months ended December 31, 2008 from $1.1 million for the three months ended December 31, 2007. The net interest rate spread was 2.64% for the current period, compared to 2.24% in the same period last year. The net interest margin decreased to 3.26% from 3.34% for the same periods.

 

Net Interest Income. Net interest income increased by $266,000, or 12.0%, to $2.5 million for the six months ended December 31, 2008 from $2.2 million for the six months ended December 31, 2007. The net interest rate spread increased to 2.67% for the 2008 period from 2.36% for the 2007 period, while the net interest margin decreased to 3.34% from 3.49% for the same periods. The increase in spread reflects repricing of our maturing certificates of deposit and advances. The decrease in the net interest margin reflects lower levels of equity available for investment, and a decline in short-term investment rates.

 

This excerpt taken from the OSBK 10-Q filed Nov 14, 2008.
Net Interest Income. Net interest income increased by $148,000 or 13.3%, to $1.3 million for the three months ended September 30, 2008 from $1.1 million for the three months ended September 30, 2007. The net interest rate spread was 2.70% for the current period, compared to 2.49% in the same period last year. The net interest margin decreased to 3.41% from 3.66% for the same periods.

 

These excerpts taken from the OSBK 10-K filed Sep 26, 2008.
Net Interest Income. Net interest income increased by $663,000, or 22.0%, to $3.7 million for the year ended June 30, 2007 from $3.0 million for fiscal 2006. The net interest rate spread decreased to 2.34% for 2007 from 2.46% for 2006, while the net interest margin increased to 3.19% from 2.96%. The decrease in the spread resulted from the higher cost of short-term borrowings in the first half of the year and a change in the mix of deposits into higher-cost certificates. The increase in the margin resulted from the equity received during the reorganization. This equity is, in effect, a free source of funds. Since this equity was used primarily to pay off short-term borrowings, it did not substantially grow our average earning assets. The margin is influenced positively by a high mix of low-cost or free funding sources, and negatively by the amount of earning assets.

 

Net Interest Income. Net interest income increased by $663,000, or 22.0%, to $3.7 million for the year ended June 30, 2007 from $3.0 million for fiscal 2006. The net interest rate spread decreased to 2.34% for 2007 from 2.46% for 2006, while the net interest margin increased to 3.19% from 2.96%. The decrease in the spread resulted from the
higher cost of short-term borrowings in the first half of the year and a change in the mix of deposits into higher-cost certificates. The increase in the margin resulted from the equity received during the reorganization. This equity is, in effect, a free source of funds. Since this equity was used primarily to pay off short-term borrowings, it did not substantially grow our average earning assets. The margin is influenced positively by a high mix of low-cost or free funding
sources, and negatively by the amount of earning assets.



 



Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki