WSB Financial Group, Inc. (WSFGQ)

WSB Financial Group Income Statement

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

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Interest Income on Loans	18.32	35.96	27.63	15.09	7.73
Interest Income on Investments	2.06	1.44	0.71	0.6	0.22
Total Interest Income	20.38	37.4	28.34	15.69	7.94
Interest Paid on Deposits	16.09	16.91	11.14	5	1.71
Interest Paid on Borrowings	0.45	0.6	0.64	0.18	-
Total Interest Expense	16.54	17.51	11.78	5.18	1.71
Net Interest Income	3.84	19.88	16.56	10.51	6.24
Net Interest Income Growth (YoY)	-80.67%	20.08%	57.51%	68.50%	89.84%
Other Non-Interest Income	0.44	1.3	0.93	0.68	0.29
Total Non-Interest Income	0.8	4.53	4.67	5.24	2.81
Non-Interest Income Growth (YoY)	-82.42%	-3.02%	-10.85%	86.81%	858.13%
Revenues Before Loan Losses	4.64	24.41	21.23	15.75	9.04
Provision for Loan Losses	17.38	15.88	1.52	1.35	0.65
Revenue	-12.74	8.53	19.71	14.4	8.39
Revenue Growth (YoY)	-	-56.70%	36.84%	71.64%	150.61%
Salaries and Employee Benefits	6.22	9.46	9.38	7.42	4.22
Occupancy Expenses	0.81	0.82	0.61	0.37	0.78
Selling, General & Administrative	5.84	3.4	2.4	1.89	0.69
Other Non-Interest Expense	3.6	2.55	1.46	1.02	0.68
Total Non-Interest Expense	18.46	16.49	13.85	10.69	6.37
EBT Excluding Unusual Items	-31.2	-7.96	5.85	3.71	2.02
Pretax Income	-31.2	-7.96	5.85	3.71	2.02
Income Tax Expense	1.45	-2.76	1.97	1.3	0.68
Net Income	-32.65	-5.2	3.88	2.41	1.34
Net Income to Common	-32.65	-5.2	3.88	2.41	1.34
Net Income Growth	-	-	61.09%	79.97%	112.39%
Basic Shares Outstanding	6	6	3	3	2
Diluted Shares Outstanding	6	6	3	3	2
Shares Change (YoY)	0.18%	69.38%	12.32%	20.39%	34.85%
EPS (Basic)	-5.86	-0.93	1.35	0.91	0.59
EPS (Diluted)	-5.86	-0.93	1.18	0.82	0.55
EPS Growth	-	-	43.90%	49.09%	57.14%
Effective Tax Rate	-	-	33.62%	34.97%	33.67%

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