Tennessee Valley Financial Holdings, Inc. (TVLF)

TVLF Income Statement

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

Fiscal Year	FY 2012	FY 2011	FY 2007	FY 2006	FY 2005
Period Ending	Dec 31, 2012	Dec 31, 2011	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Interest Income on Loans	6.31	6.53	11.82	10.34	7.88
Interest Income on Investments	1.27	1.25	1.66	1.15	0.89
Total Interest Income	7.57	7.78	13.49	11.49	8.78
Interest Paid on Deposits	0.83	1.22	5.98	4.56	2.73
Interest Paid on Borrowings	0.58	0.68	0.76	0.53	0.46
Total Interest Expense	1.41	1.9	6.74	5.09	3.19
Net Interest Income	6.16	5.88	6.75	6.4	5.59
Net Interest Income Growth (YoY)	4.83%	-12.85%	5.47%	14.48%	13.35%
Gain (Loss) on Sale of Investments	0.15	0.09	0.01	0.02	0.01
Other Non-Interest Income	0.38	0.33	0.49	0.55	0.49
Total Non-Interest Income	0.87	0.82	1.07	1	0.9
Non-Interest Income Growth (YoY)	5.84%	-23.18%	7.21%	10.52%	9.38%
Revenues Before Loan Losses	7.03	6.7	7.82	7.4	6.49
Provision for Loan Losses	0.7	0.02	1.44	0.47	0.55
Revenue	6.34	6.68	6.38	6.92	5.94
Revenue Growth (YoY)	-5.13%	4.72%	-7.89%	16.57%	7.47%
Salaries and Employee Benefits	2.65	2.36	2.89	2.78	2.17
Occupancy Expenses	0.62	0.62	-	-	-
Selling, General & Administrative	0.62	0.54	2.45	2.15	1.7
Other Non-Interest Expense	1.95	2.11	0.79	0.86	0.65
Total Non-Interest Expense	6.24	6.34	6.13	5.78	4.52
EBT Excluding Unusual Items	0.09	0.34	0.25	1.14	1.42
Pretax Income	0.09	0.34	0.25	1.14	1.42
Income Tax Expense	0.01	0.1	0	0.36	0.49
Net Income	0.08	0.25	0.24	0.78	0.94
Net Income to Common	0.08	0.25	0.24	0.78	0.94
Net Income Growth	-65.99%	1.65%	-68.93%	-16.36%	-2.37%
Basic Shares Outstanding	2	2	2	1	1
Diluted Shares Outstanding	2	2	2	1	1
Shares Change (YoY)	-	13.05%	22.98%	14.35%	0.27%
EPS (Basic)	0.05	0.14	0.16	0.64	0.87
EPS (Diluted)	0.05	0.14	0.16	0.63	0.87
EPS Growth	-65.99%	-9.51%	-74.60%	-27.59%	-2.79%
Dividend Per Share	-	-	0.100	-	-
Effective Tax Rate	9.68%	27.78%	1.62%	31.40%	34.25%

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