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American Community Bancorp Announces Record Profits for Third Quarter.

EVANSVILLE, Ind., Oct. 23 /PRNewswire-FirstCall/ -- American Community Bancorp, Inc. (the "Company") (BULLETIN BOARD: ACBP) , the holding company for Bank of Evansville, today reported consolidated net income for the third quarter of 2007 of $569,690, an increase of 8.1 percent over the same quarter in 2006. Diluted earnings per share were $0.31 and $0.28 for the third quarter of 2007 and 2006, respectively.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070424/CLTU114LOGO )

For the first nine months of 2007, consolidated net income was $1,510,613, an increase of 13.1 percent over net income of $1,335,233 for the first nine months of 2006. Diluted earnings per share for the first nine months of 2007 were $0.81 compared to $0.72 for the same period in 2006.

Total assets at September 30, 2007, were $260,244,955, compared to $233,700,733 at the same date a year ago, an increase of $26,544,222 or 11.4 percent. Loans grew $27,338,978 or 13.6 percent and reached $228,761,585 at September 30, 2007, compared to $201,422,607 reported at September 30, 2006. Total deposits at September 30, 2007 were $230,663,925, reflecting an increase of $24,384,703, or 11.8 percent over the corresponding total a year ago. The Company remains "well capitalized" with a Tier I capital ratio of 10.9 percent at September 30, 2007.

Michael S. Sutton, President and Chief Executive Officer, commented, "We are once again gratified to report record quarterly earnings, a reflection of the dedication and commitment by our team of local professionals to core banking fundamentals. A slight improvement in the net interest margin, as well as double digit increases in both loans and deposits, were key contributors to not only our quarterly earnings increase but our year-over- year increase. While we saw a reduction in total non interest income, largely the result of reduced fee income from the sale of mortgage loans, we enjoyed an increase in service charge income of 16.3 percent driven by an increase of approximately 1,450 core deposit accounts over the period ended September 30, 2006. We continue to maintain a disciplined approach to controlling operating expenses, which has helped to offset the reduction in total non interest income."

Total revenues, consisting of net interest income and non interest income, were $2,465,086 for the third quarter of 2007, which was $215,806 or 9.6 percent higher than the same period last year. Net interest income was $2,107,421 for the third quarter of 2007, increasing $256,835 or 13.9 percent over the same quarter of 2006. Non interest income of $357,665 for the third quarter of 2007 was $41,029 or 10.3 percent lower compared to the same period in 2006, primarily due to lower gains on the sale of residential real estate loans. Non interest expense for the third quarter of 2007 was $1,429,375 compared to $1,323,782 for the third quarter of 2006.

Total revenues for the first nine months of 2007 were $7,052,825, increasing $519,136 or 7.9 percent, compared to the same period in the prior year. Net interest income for the first nine months of 2007 was $5,953,441, which was $489,435 or 9.0 percent higher than the $5,464,006 reported for the first nine months of 2006. The growth of net interest income is primarily attributable to the growth of the loan portfolio. Non interest income for the first nine months of 2007 increased $29,701 or 2.8 percent. Non interest expense for the first nine months of 2007 was $4,341,791, compared to $4,011,938 for the same period in 2006.

Mr. Sutton continued, "Our consistently strong operating results continue to provide an endorsement of our business model. Average loans totaled $223,727,291 for the third quarter of 2007, reflecting an increase of 14.4 percent compared to the third quarter of 2006. Average deposits for the third quarter of 2007 increased $22,579,265 or 11.4 percent over the same period in 2006. Earlier this year, we introduced our Green and Gold deposit products which have been widely accepted and contributed to the growth of our core deposit base."

Mr. Sutton concluded, "Our banking office in the Grant Hills commercial subdivision at the corner of Highway 41 North and Boonville-New Harmony Road will open mid November. This will provide added convenience to our existing clients as well as expand our footprint in the Evansville market and provide additional growth opportunities in the North Side area."

American Community Bancorp, Inc., through its wholly owned subsidiary, Bank of Evansville, provides a full range of commercial and consumer banking services in the Evansville, Indiana, area.

This news release contains forward looking statements within the meaning of the safe harbor provisions of the Private Securities Act of 1995. Such statements are based on management's current expectations and are subject to a number of risk factors and uncertainties which could cause actual results to differ materially from those described in the forward looking statements.
 Contact: Michael S. Sutton, CEO
 John M. Schenk, CFO
 Phone: (812) 962-2265



 AMERICAN COMMUNITY BANCORP, INC.
 CONSOLIDATED BALANCE SHEETS

 (Unaudited) (Unaudited)
 September 30, December 31, September 30,
 2007 2006 2006

 ASSETS
 Cash and due from banks $4,593,283 $4,351,163 $3,256,493
 Interest bearing balances with
 banks 30,780 23,967 21,396
 Federal funds sold 9,179,000 8,465,000 11,955,000
 Total cash and cash
 equivalents 13,803,063 12,840,130 15,232,889
 Securities available for sale,
 at fair value 9,693,283 9,886,563 9,948,904
 Nonmarketable equity securities 1,168,150 1,060,450 1,060,450

 Loans, net of deferred fees 228,761,585 212,711,590 201,422,607
 Allowance for loan losses (3,202,543) (3,063,600) (2,941,600)
 Net loans 225,559,042 209,647,990 198,481,007

 Premises and equipment 6,711,136 5,962,624 5,460,390
 Other assets 3,310,281 3,361,548 3,517,093
 Total assets $260,244,955 $242,759,305 $233,700,733

 LIABILITIES AND SHAREHOLDERS'
 EQUITY
 Deposits
 Non interest bearing $19,229,518 $19,765,202 $20,562,929
 NOW, MMDA and Savings 120,448,274 110,148,954 103,853,089
 Time deposits 90,986,133 84,899,275 81,863,204
 Total deposits 230,663,925 214,813,431 206,279,222
 Borrowings 8,248,000 8,248,000 8,248,000
 Accrued expenses and other
 liabilities 878,301 941,250 1,015,831
 Total liabilities 239,790,226 224,002,681 215,543,053

 SHAREHOLDERS' EQUITY
 Common stock, no par value,
 3,000,000 shares authorized;
 issued and outstanding
 1,781,039 1,772,404, and
 1,765,881 19,129,474 17,532,198 17,359,428
 Undivided profits 1,426,668 1,379,322 978,546
 Accumulated other comprehensive
 income (loss) (101,413) (154,896) (180,294)
 Total shareholders' equity 20,454,729 18,756,624 18,157,680
 Total liabilities and
 shareholders' equity $260,244,955 $242,759,305 $233,700,733



 AMERICAN COMMUNITY BANCORP, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)

 Three months ended Nine months ended
 September 30, September 30,
 Interest income: 2007 2006 2007 2006
 Interest and fees on
 loans $4,331,049 $3,859,648 $12,659,140 $10,892,780
 Securities:
 U. S. government
 agencies and corp. 95,822 99,096 290,095 303,018
 Other securities 16,597 13,966 46,430 43,668
 Federal funds sold 71,747 110,087 344,815 326,970
 Deposits with other
 banks 278 207 835 447
 Total interest
 income 4,515,493 4,083,004 13,341,315 11,566,883

 Interest expense:
 Deposits 2,255,477 2,077,980 6,936,582 5,672,441
 Borrowings 152,595 154,438 451,292 430,436
 Total interest
 expense 2,408,072 2,232,418 7,387,874 6,102,877
 Net interest income 2,107,421 1,850,586 5,953,441 5,464,006
 Provision for loan
 losses 75,000 40,000 158,000 272,418
 Net interest income
 after provision 2,032,421 1,810,586 5,795,441 5,191,588
 for loan losses

 Non interest income:
 Service charges on
 deposit accounts 63,453 54,564 184,175 151,458
 Gain on sale of loans 73,367 131,535 266,520 334,106
 Merchant processing fees 170,801 174,044 504,388 476,530
 Other 50,044 38,551 144,301 107,589
 Total non interest
 income 357,665 398,694 1,099,384 1,069,683

 Non interest expense:
 Salaries and benefits 776,175 724,747 2,333,442 2,160,596
 Occupancy and
 equipment, net 133,685 134,943 417,929 411,528
 Marketing 18,347 10,063 56,011 57,822
 Data processing 91,972 83,980 273,499 242,560
 Supplies, postage and
 printing 18,861 14,868 57,830 53,040
 Legal and professional 58,442 36,371 186,409 140,934
 Merchant processing
 expense 163,718 157,478 489,945 440,151
 Other 168,175 161,332 526,726 505,307
 Total non
 interest expense 1,429,375 1,323,782 4,341,791 4,011,938
 Income before income
 taxes 960,711 885,498 2,553,034 2,249,333
 Income taxes 391,021 358,300 1,042,421 914,100
 Net income $569,690 $527,198 $1,510,613 $1,335,233

 Basic earnings per
 common share* $0.32 $0.30 $0.85 $0.76
 Diluted earnings per
 common share* $0.31 $0.28 $0.81 $0.72
 Average common shares
 outstanding* 1,776,845 1,765,880 1,775,953 1,765,512
 Average diluted shares
 outstanding* 1,865,609 1,864,995 1,864,826 1,858,533

 * Adjusted for 5 percent stock dividends paid on June 9, 2006 and June 8,
 2007



 AMERICAN COMMUNITY BANCORP, INC.
 CONSOLIDATED FINANCIAL HIGHLIGHTS
 (Unaudited)

 2007 2007
 (dollars in thousands except per share data) 3rd Qtr 2nd Qtr
 EARNINGS
 Net interest income $2,107 $1,952
 Provision for loan losses $75 $37
 Non interest income $358 $402
 Non interest expense $1,429 $1,568
 Income taxes $391 $310
 Net income $570 $439
 Basic earnings per share* $0.32 $0.25
 Diluted earnings per share* $0.31 $0.24
 Average shares outstanding* 1,776,845 1,776,907
 Average diluted shares outstanding* 1,865,609 1,867,285

 PERFORMANCE RATIOS
 Return on average assets 0.90% 0.71%
 Return on average common equity 11.17% 8.97%
 Net interest margin (fully tax equivalent) 3.45% 3.27%
 Efficiency ratio 57.98% 66.60%
 Full time equivalent employees 46 43

 CAPITAL
 Average equity to average assets 8.08% 7.88%
 Tier 1 leverage capital ratio 10.94% 10.69%
 Tier 1 risk based capital ratio 12.09% 12.25%
 Total risk based capital ratio 13.84% 14.12%
 Book value per share* $11.51 $11.14
 Cash dividend per share - -

 ASSET QUALITY
 Gross loan charge offs $19 $-
 Net loan charge offs $19 $-
 Net loan charge offs to average loans 0.01% -
 Allowance for loan losses $3,203 $3,147
 Allowance for losses to total loans 1.40% 1.44%
 Nonperforming loans $347 $136
 Other real estate and repossessed assets $- $-
 Nonperforming loans to total assets 0.13% 0.05%

 END OF PERIOD BALANCES
 Loans $228,762 $218,554
 Total earning assets $249,001 $245,746
 Total assets $260,245 $255,619
 Deposits $230,664 $222,854
 Shareholders' equity $20,455 $19,789

 AVERAGE BALANCES
 Loans $223,727 $217,776
 Total earning assets $240,434 $239,208
 Total assets $250,576 $249,139
 Deposits $221,106 $220,231
 Shareholders' equity $20,242 $19,644

 * Adjusted for 5 percent stock dividends paid June 9, 2006 and June 8,
 2007



 AMERICAN COMMUNITY BANCORP, INC.
 CONSOLIDATED FINANCIAL HIGHLIGHTS
 (Unaudited)

 2007 2006 2006
 (dollars in thousands except per
 share data) 1st Qtr 4th Qtr 3rd Qtr
 EARNINGS
 Net interest income $1,894 $1,884 $1,851
 Provision for loan losses $46 $125 $40
 Non interest income $340 $390 $398
 Non interest expense $1,345 $1,460 $1,324
 Income taxes $341 $288 $358
 Net income $502 $401 $527
 Basic earnings per share* $0.28 $0.23 $0.30
 Diluted earnings per share* $0.26 $0.22 $0.28
 Average shares outstanding* 1,774,075 1,768,007 1,765,881
 Average diluted shares outstanding* 1,861,553 1,859,010 1,864,995

 PERFORMANCE RATIOS
 Return on average assets 0.84% 0.68% 0.93%
 Return on average common equity 10.61% 8.47% 11.58%
 Net interest margin (fully tax
 equivalent) 3.29% 3.34% 3.41%
 Efficiency ratio 60.20% 64.20% 58.85%
 Full time equivalent employees 42 42 42

 CAPITAL
 Average equity to average assets 7.89% 8.06% 8.01%
 Tier 1 leverage capital ratio 10.71% 10.81% 10.83%
 Tier 1 risk based capital ratio 11.99% 11.96% 12.07%
 Total risk based capital ratio 13.93% 14.01% 14.25%
 Book value per share* $10.91 $10.58 $10.28
 Cash dividend per share - - -

 ASSET QUALITY
 Gross loan charge offs $- $3 $-
 Net loan charge offs $- $3 $-
 Net loan charge offs to average loans - - -
 Allowance for loan losses $3,110 $3,064 $2,942
 Allowance for losses to total loans 1.44% 1.44% 1.46%
 Nonperforming loans $136 $21 $-
 Other real estate and repossessed assets $- $- $-
 Nonperforming loans to total assets 0.05% 0.01% -

 END OF PERIOD BALANCES
 Loans $216,438 $212,712 $201,423
 Total earning assets $242,988 $232,380 $224,686
 Total assets $252,095 $242,759 $233,701
 Deposits $223,381 $214,813 $206,279
 Shareholders' equity $19,388 $18,757 $18,158

 AVERAGE BALANCES
 Loans $211,193 $205,103 $195,498
 Total earning assets $233,207 $223,704 $215,279
 Total assets $243,024 $233,011 $225,558
 Deposits $214,595 $205,222 $198,527
 Shareholders' equity $19,175 $18,769 $18,063

 * Adjusted for 5 percent stock dividends paid June 9, 2006 and June 8,
 2007



 AMERICAN COMMUNITY BANCORP, INC.
 CONSOLIDATED FINANCIAL HIGHLIGHTS
 (Unaudited)

 Years ended December 31
 (dollars in thousands except per share data) 2006 2005
 EARNINGS
 Net interest income $7,348 $6,600
 Provision for loan losses $397 $605
 Non interest income $1,459 $1,260
 Non interest expense $5,472 $4,822
 Income taxes $1,202 $744
 Net income $1,736 $1,689
 Basic earnings per share* $0.98 $0.96
 Diluted earnings per share* $0.94 $0.91
 Average shares outstanding* 1,766,133 1,754,490
 Average diluted shares outstanding* 1,856,138 1,857,779

 PERFORMANCE RATIOS
 Return on average assets 0.77% 0.88%
 Return on average common equity 9.74% 10.66%
 Net interest margin (fully tax equivalent) 3.42% 3.64%
 Efficiency ratio 62.13% 61.34%
 Full time equivalent employees 42 40

 CAPITAL
 Average equity to average assets 7.91% 8.30%
 Tier 1 leverage capital ratio 10.81% 10.79%
 Tier 1 risk based capital ratio 11.96% 12.35%
 Total risk based capital ratio 14.01% 14.91%
 Book value per share* $10.58 $9.46
 Cash dividend per share - -

 ASSET QUALITY
 Gross loan charge offs $55 $-
 Net loan charge offs $55 $-
 Net loan charge offs to average loans 0.03% -
 Allowance for loan losses $3,064 $2,721
 Allowance for losses to total loans 1.44% 1.52%
 Nonperforming loans $21 $182
 Other real estate and repossessed assets $- $-
 Nonperforming loans to total assets 0.01% 0.08%

 END OF PERIOD BALANCES
 Loans $212,712 $178,469
 Total earning assets $232,380 $209,683
 Total assets $242,759 $222,075
 Deposits $214,813 $195,527
 Shareholders' equity $18,757 $16,667

 AVERAGE BALANCES
 Loans $194,640 $160,230
 Total earning assets $214,938 $181,559
 Total assets $225,379 $191,064
 Deposits $198,491 $169,836
 Shareholders' equity $17,830 $15,850

 * Adjusted for 5 percent stock dividends paid June 9, 2006 and June 8,
 2007



CONTACT: Michael S. Sutton, CEO, or John M. Schenk, CFO, both of American Community Bancorp, Inc., +1-812-962-2265

Web site: http://www.bankevansville.com/
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