Harbor Bankshares Corporation (HRBK)

Harbor Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003	FY 2002	FY 2001
Period Ending	Sep 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001
Interest Income on Loans	15.94	13.91	11.36	10.24	9.12	9.29
Interest Income on Investments	1.26	1.1	1.29	1.64	2.52	4.32
Total Interest Income	17.2	15.01	12.65	11.89	11.65	13.61
Interest Paid on Deposits	5.14	3.32	1.95	2.24	3.26	5.82
Interest Paid on Borrowings	0.61	0.46	0.33	0.17	0.14	0.15
Total Interest Expense	5.75	3.79	2.28	2.41	3.4	5.97
Net Interest Income	11.45	11.23	10.36	9.48	8.24	7.64
Net Interest Income Growth (YoY)	4.51%	8.32%	9.39%	14.93%	7.97%	2.27%
Gain (Loss) on Sale of Investments	-	-	0.02	0.23	0.23	0.2
Other Non-Interest Income	1.39	0.87	0.69	0.71	0.82	0.89
Total Non-Interest Income	2.14	1.77	1.51	1.84	2.01	2.1
Non-Interest Income Growth (YoY)	24.28%	16.97%	-17.82%	-8.16%	-4.48%	22.48%
Revenues Before Loan Losses	13.59	13	11.88	11.32	10.25	9.74
Provision for Loan Losses	0.26	0.41	0.36	0.76	0.34	0.4
Revenue	13.33	12.59	11.52	10.56	9.91	9.34
Revenue Growth (YoY)	8.96%	9.28%	9.05%	6.58%	6.16%	5.67%
Salaries and Employee Benefits	4.55	4.43	4.51	4.37	4.23	3.99
Occupancy Expenses	0.25	-	-	0.72	0.79	0.78
Amortization of Goodwill & Intangibles	0.08	0.08	0.08	0.08	0.05	0.33
Selling, General & Administrative	3.34	3.32	2.88	2.01	1.66	1.77
Other Non-Interest Expense	1.86	1.82	1.82	1.44	1.85	1.66
Total Non-Interest Expense	10.08	9.64	9.29	8.61	8.58	8.53
EBT Excluding Unusual Items	3.25	2.95	2.22	1.95	1.34	0.81
Other Unusual Items	-0.3	-	-	0.66	0.21	0.23
Pretax Income	2.94	2.95	2.22	2.62	1.55	1.04
Income Tax Expense	1.06	1.07	0.76	0.83	0.47	0.31
Net Income	1.88	1.88	1.46	1.79	1.08	0.73
Net Income to Common	1.88	1.88	1.46	1.79	1.08	0.73
Net Income Growth	22.47%	28.80%	-18.11%	65.72%	47.60%	29.22%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-2.38%	-2.33%	-0.09%	0.44%	2.32%	4.76%
EPS (Basic)	2.78	2.73	2.08	2.46	1.47	1.02
EPS (Diluted)	2.59	2.55	1.93	2.36	1.43	0.99
EPS Growth	25.02%	32.12%	-18.22%	65.03%	44.44%	23.75%
Dividend Per Share	0.500	-	-	-	-	-
Effective Tax Rate	36.11%	36.18%	34.27%	31.77%	30.49%	29.73%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.