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DNB Financial Corporation
Summary of Financial Statistics
(Dollars in thousands, except per share data)

  Three Months Ended
September 30
  Six Months Ended
September 30
  2009 2008   2009 2008
EARNINGS:          
Interest income $6,725      $7,194        $19,189      $21,349     
Interest expense 2,772      3,205        8,015      9,962     
Net interest income 3,953      3,989        11,174      11,387     
Provision for credit losses 300      727        700      1,241     
Non-interest income 1,060      903        3,202      3,489     
Non-interest expense 3,895      4,031        12,379      12,456     
Income before income taxes 818      134        1,297      1,179     
Income tax expense (benefit) 184      (65)        222      140     
Net income 634      199        1,075      1,039     
Preferred stock dividends 154      0        412      0     
Net income available to common shareholders 480      199        663      1,039     
Net income per common share, diluted* $0.18      $0.08        $0.25      $0.40     
           
PERFORMANCE RATIOS:          

Interest rate spread

2.52%      2.93%        2.60%      2.90%     

Net interest margin

2.58%      2.99%        2.67%      2.98%     

Return on average equity

6.03%      2.58%        3.56%      4.27%     

Return on average assets

0.40%      0.14%        0.24%      0.26%     
           
  September 30
December 31
     
  2009 2008      
FINANCIAL POSITION:          

Securities

$ 232,806      $ 124,126           

Loan and leases

350,626      336,454           

Allowance for credit losses

5,158      4,586           

Total assets

641,321      533,447           

Deposits

502,956      408,470           

Borrowings

90,365      90,123           

Stockholders' equity

42,754      30,058           

 

         

EQUITY RATIOS:

         

Tier 1 leverage ratio

8.30%      7.46%           

Risk-based capital ratio

14.24%      12.02%           

Book value per common share

$ 11.87      $ 11.53           
           

 

For additional information please contact Gerald Sopp, Executive Vice President and Chief Financial Officer, at 484-359-3138.

DNB Financial Corporation’s common stock is listed under the symbol “DNBF” on NASDAQ.

THE FINANCIAL AND OTHER INFORMATION SET FORTH ON THIS AND OTHER PAGES OF THIS WEB SITE RELATING TO DNB FINANCIAL CORPORATION AND ITS SUBSIDIARY DNB FIRST, NATIONAL ASSOCIATION AND THEIR AFFILIATES (COLLECTIVELY, “DNB”) REPRESENTS ONLY A SUMMARY OF CERTAIN LIMITED INFORMATION, MAY NOT BE CURRENT OR CONTAIN ALL MATERIAL INFORMATION, IS NOT A PROSPECTUS, AND MAY NOT BE RELIED UPON IN CONNECTION WITH ANY PURCHASES, OFFERS OR SALES OF DNB SECURITIES, WHETHER MADE DIRECTLY TO, BY OR FROM DNB OR IN THE SECONDARY MARKET, OR OTHERWISE. THE INFORMATION SET FORTH HEREIN DOES NOT ATTEMPT TO COMPLETELY DESCRIBE OR ANALYZE THE BUSINESS OR CONDITION, FINANCIAL OR OTHERWISE, OF DNB OR OTHERWISE PURPORT TO DESCRIBE ANY RISKS ASSOCIATED WITH ANY OF DNB’S SECURITIES. THE OFFERING OF DNB SECURITIES MAY ONLY BE MADE, WHERE REQUIRED, THROUGH AN AUTHORIZED, WRITTEN PROSPECTUS OR OFFERING STATEMENT, PURSUANT TO ANY REQUIRED REGISTRATION OR OTHER FILINGS WITH APPLICABLE FEDERAL AND STATE SECURITIES REGULATORY AGENCIES.

 

    


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