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DNB Financial Corporation
Summary of Financial Statistics
(Dollars in thousands, except per share data)
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Three Months Ended
March
31
|
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2009 |
|
2008 |
|
| EARNINGS: |
|
|
|
|
| Interest income |
$6,114 |
|
$7,272 |
|
| Interest expense |
2,617 |
|
3,709 |
|
| Net interest income |
3,497 |
|
3,563 |
|
| Provision for credit losses |
100 |
|
60 |
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| Non-interest income |
1,278 |
|
1,200 |
|
| Non-interest expense |
4,106 |
|
4,194 |
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| Income before income taxes |
569 |
|
509 |
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| Income tax expense |
89 |
|
100 |
|
| Net income |
480 |
|
409 |
|
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|
|
|
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| Preferred stock dividends |
98 |
|
- |
|
| Net income available to common shareholders |
382 |
|
409 |
|
| Net income per common share, diluted |
$0.15 |
|
$0.16 |
|
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|
|
|
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| PERFORMANCE RATIOS: |
Interest
rate spread |
2.68% |
|
2.77% |
|
Net interest
margin |
2.75% |
|
2.86% |
|
Return
on average equity |
5.14% |
|
4.90% |
|
Return
on average assets |
0.36% |
|
0.31% |
|
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March 31 |
December 31 |
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2009 |
2008 |
| FINANCIAL POSITION: |
|
|
|
|
Securities |
$132,775 |
|
$124,126 |
|
Loan
and leases |
331,514 |
|
336,454 |
|
Allowance
for credit losses |
4,641 |
|
4,586 |
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Total
assets |
567,121 |
|
533,447 |
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Deposits |
429,948 |
|
408,470 |
|
Borrowings |
91,747 |
|
90,123 |
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Stockholders'
equity |
41,152 |
|
30,058 |
|
|
|
|
|
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EQUITY
RATIOS: |
|
|
|
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Tier
1 leverage ratio |
9.82% |
|
7.46% |
|
Risk-based
capital ratio |
14.12% |
|
12.02% |
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Book value per common share |
$11.24 |
|
$11.53 |
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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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