Net Interest Income
Net interest income for the third quarter increased 14 percent, or
The Provision for Loan Losses for the third quarter increased 377 percent
to
Noninterest Income, Expense
Third quarter noninterest income declined
Noninterest expense for the third quarter increased
Assets, Loans, Deposits
Total assets at
Quarterly Dividend
The board of directors declared a regular quarterly cash dividend of
About First BancTrust Corporation
First BancTrust Corporation is a holding company that owns all of the
capital stock of First Bank & Trust, S.B., an
Footnote:
This earnings report may contain certain forward-looking statements which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Further information concerning the Company and its business, including additional factors that could materially affect the company's financial results is available at http://www.firstbanktrust.com/firt/ or by faxing a request for a copy of our latest press release to (217) 465-0285. First BancTrust Corporation stock is traded Over-the-Counter (OTC) on Pink Sheets. Investors can view First BancTrust Corporation's security quotes and profile on http://www.pinksheets.com under ticker symbol "FIRT".
... tables follow ... First BancTrust Corporation Selected Financial Information (in thousands of dollars except share data) Balance Sheet Data Sept. 30, Dec. 31, 2008 2007 (unaudited) Total Assets $350,188 $326,875 Cash And Cash Equivalents 8,022 10,339 Investment Securities 47,518 53,960 FHLB Stock 3,749 3,749 Loans Held For Sale 315 394 Loans, Net of Allowance for Loans Losses of $2,479 and $2,091 265,914 234,855 Deposits 249,069 232,139 Federal Home Loan Bank Advances 60,800 55,800 Junior Subordinated Debentures 6,186 6,186 Stockholders' Equity 27,148 26,501 Book Value Per Common Share $12.42 $12.07 Summary Of Operations Three Months Ended Nine Months Ended Sept. 30 Sept. 30 2008 2007 2008 2007 (unaudited) Interest Income $5,036 $4,804 $14,909 $13,643 Interest Expense 2,515 2,594 7,779 7,534 Net Interest Income 2,521 2,210 7,130 6,109 Provision For Loan Losses 869 182 1,271 446 Net Interest Income After Provision For Loan Losses 1,652 2,028 5,859 5,663 Noninterest Income 936 956 2,896 2,817 Noninterest Expense 2,486 2,355 7,531 7,327 Income Before Income Tax 102 629 1,224 1,153 Income Tax Expense 8 187 361 276 Net Income $94 $442 $863 $877 Share Data Weighted Avg. Shares Out. - Basic 2,114,650 2,136,836 2,107,048 2,163,835 Weighted Avg. Shares Out. - Diluted 2,169,176 2,211,005 2,162,549 2,247,419 Basic Earnings Per Share $0.04 $0.21 $0.41 $0.41 Diluted Earnings Per Share $0.04 $0.20 $0.40 $0.39 Ratios Based On Net Income Return on Average Stockholders' Equity 1.38% 6.78% 4.24% 4.44% Return On Average Assets 0.11% 0.59% 0.34% 0.39%
SOURCE First BancTrust Corporation