United Tennessee Bankshares, Inc. (UNTN)

UNTN Income Statement

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

Fiscal Year	FY 2005	FY 2004	FY 2003	FY 2002	FY 2001
Period Ending	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001
Interest Income on Loans	6.75	5.43	5.74	5.97	5.96
Interest Income on Investments	-	1.43	1.18	1.24	1.47
Total Interest Income	6.75	6.86	6.93	7.21	7.43
Interest Paid on Deposits	2.27	1.64	1.68	2.12	3.57
Interest Paid on Borrowings	-	0.01	0	0	0.04
Total Interest Expense	2.27	1.65	1.68	2.12	3.61
Net Interest Income	4.48	5.21	5.25	5.09	3.82
Net Interest Income Growth (YoY)	-14.18%	-0.62%	3.06%	33.13%	21.10%
Gain (Loss) on Sale of Assets	0.2	-	-	-	-
Gain (Loss) on Sale of Investments	0.47	0.03	0.11	0.05	0
Other Non-Interest Income	0.58	0.2	0.16	0.12	0.12
Total Non-Interest Income	1.25	0.52	0.56	0.41	0.36
Non-Interest Income Growth (YoY)	139.89%	-6.97%	35.65%	15.16%	30.08%
Revenues Before Loan Losses	5.73	5.74	5.81	5.5	4.18
Provision for Loan Losses	0.07	0.1	0.14	0.13	0.11
Revenue	5.65	5.64	5.66	5.38	4.07
Revenue Growth (YoY)	0.32%	-0.49%	5.36%	31.97%	19.91%
Salaries and Employee Benefits	-	1.94	1.83	1.36	1.25
Occupancy Expenses	-	0.26	0.26	0.3	0.21
Federal Deposit Insurance	-	0.05	0.06	0.05	0.05
Amortization of Goodwill & Intangibles	-	0.08	0.08	0.08	0.08
Selling, General & Administrative	-	0.42	0.38	0.35	0.36
Other Non-Interest Expense	3.32	0.49	0.52	0.49	0.48
Total Non-Interest Expense	3.32	3.25	3.13	2.64	2.44
EBT Excluding Unusual Items	2.34	2.38	2.53	2.74	1.64
Pretax Income	2.34	2.38	2.53	2.74	1.64
Income Tax Expense	0.77	0.74	0.86	0.98	0.52
Earnings From Continuing Operations	1.57	1.64	1.67	1.76	1.11
Net Income	1.57	1.64	1.67	1.76	1.11
Net Income to Common	1.57	1.64	1.67	1.76	1.11
Net Income Growth	-4.09%	-1.73%	-5.22%	58.51%	38.60%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	1.39%	1.62%	2.49%	-20.30%	-2.04%
EPS (Basic)	1.41	1.49	1.54	1.66	0.82
EPS (Diluted)	1.38	1.46	1.51	1.63	0.82
EPS Growth	-5.48%	-3.31%	-7.36%	98.78%	41.38%
Dividend Per Share	-	0.360	0.330	0.300	0.300
Dividend Growth	-	9.09%	10.00%	0%	0%
Effective Tax Rate	32.71%	31.13%	34.07%	35.69%	32.07%

Source: S&P Capital IQ. Banks template. Financial Sources.