Financials

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Financial Highlights
(Dollars in Millions)
2004
2003
Change %
Earnings After Taxes
$12.2
$13.3
(8.3)
Net Revenue
$62.8
$62.6
0.3
Operating Expenses (before amortization of intangible assets)
$41.3
$40.8
1.2
Total Assets
$1,685.5
$1,642.8
2.6
Total Loans
$1,177.2
$1,282.8
(8.2)

FENB Statement of Financial Condition

As of December 31, 2004 (In Thousands)

Assets

Cash and cash equivalents $46,316
Short term investments $62,327
Investment securities 319,216
Loans, net 1,158,971
Premises and equipment- net 14,585
Other real estate owned -
Intangible assets-net 29,287
Other assets 54,849

Total assets
$1,685,461

Liabilities
Deposits
$1,357,175
Federal Funds and repos
129,704
Subordinated note
15,000
Other liabilities
18,087
Total liabilities
$1,519,966

Equity
Common Stock
$255
Surplus
112,668
Retained Earnings
54,835
Accumulated other comprehensive income
(2,233)

Total equity capital
$165,495

Total liabilities and equity capital
$1,685,461

 

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