Southern Community Bancshares, Inc. (SCBS)

SCBS Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2000	FY 1999	FY 1998	FY 1997	FY 1996
Period Ending	Dec 31, 2000	Sep 30, 2000	Sep 30, 1999	Sep 30, 1998	Sep 30, 1997	Sep 30, 1996
Interest Income on Loans	4.06	3.93	3.82	3.96	3.48	3.39
Interest Income on Investments	0.81	0.85	1.01	1.28	1.57	1.25
Total Interest Income	4.86	4.78	4.83	5.24	5.05	4.64
Interest Paid on Deposits	2.31	2.25	2.21	2.43	2.43	2.57
Net Interest Income	2.55	2.53	2.62	2.81	2.61	2.07
Net Interest Income Growth (YoY)	-0.33%	-3.19%	-6.91%	7.54%	26.36%	-1.47%
Other Non-Interest Income	0.05	0.05	0.02	0	0.01	0
Total Non-Interest Income	0.33	0.29	0.17	0.18	0.19	0.24
Non-Interest Income Growth (YoY)	96.09%	77.90%	-8.17%	-4.08%	-22.14%	-5.60%
Revenues Before Loan Losses	2.88	2.83	2.78	2.99	2.8	2.31
Provision for Loan Losses	-	-	-	-	-	0.19
Revenue	2.88	2.83	2.78	2.99	2.8	2.12
Revenue Growth (YoY)	5.55%	1.63%	-6.98%	6.76%	32.19%	-10.00%
Salaries and Employee Benefits	1.13	1.1	1.07	1.02	0.87	0.72
Occupancy Expenses	0.18	0.16	0.13	0.17	0.17	0.18
Federal Deposit Insurance	-	-	-	-	0.05	0.5
Selling, General & Administrative	0.33	0.32	0.21	0.2	0.17	0.16
Other Non-Interest Expense	0.28	0.3	0.4	0.32	0.31	0.22
Total Non-Interest Expense	1.92	1.89	1.81	1.7	1.57	1.78
EBT Excluding Unusual Items	0.96	0.94	0.97	1.29	1.23	0.34
Pretax Income	0.96	0.94	0.97	1.29	1.23	0.34
Income Tax Expense	0.33	0.34	0.39	0.47	0.44	0.12
Net Income	0.63	0.6	0.58	0.82	0.79	0.22
Net Income to Common	0.63	0.6	0.58	0.82	0.79	0.22
Net Income Growth	9.93%	2.74%	-29.26%	3.99%	258.32%	-64.45%
Basic Shares Outstanding	1	1	1	1	1	-
Diluted Shares Outstanding	1	1	1	1	1	-
Shares Change (YoY)	-10.46%	-12.05%	-8.28%	-3.03%	-	-
EPS (Basic)	0.88	0.83	0.70	0.91	0.81	-
EPS (Diluted)	0.82	0.78	0.67	0.87	0.81	-
EPS Growth	21.07%	16.42%	-22.99%	7.20%	-	-
Dividend Per Share	0.330	0.330	0.247	0.225	0.225	-
Dividend Growth	29.41%	33.33%	10.00%	-	-	-
Effective Tax Rate	34.41%	36.35%	40.17%	36.12%	35.55%	34.81%

Updated Feb 14, 2001. Source: S&P Global Market Intelligence. Banks template. Financial Sources.