Attached files
| file | filename |
|---|---|
| 8-K/A - FIRST M&F CORP/MS | fourthquarterearningsrelea.htm |
First M&F Corporation | Exhibit 99.1 | |||||
Revised Condensed Consolidated Statements of Condition (Unaudited) | ||||||
(In thousands, except share data) | ||||||
Revised | Original | |||||
December 31 | December 31 | |||||
2011 | 2011 | |||||
Cash and due from banks | $ | 39,976 | $ | 39,976 | ||
Interest bearing bank balances | 39,391 | 39,391 | ||||
Federal funds sold | 25,000 | 25,000 | ||||
Securities available for sale (cost of | ||||||
$315,890 and $274,421) | 320,774 | 320,774 | ||||
Loans held for sale | 26,073 | 26,073 | ||||
Loans | 996,340 | 996,340 | ||||
Allowance for loan losses | 14,953 | 14,953 | ||||
Net loans | 981,387 | 981,387 | ||||
Bank premises and equipment | 37,989 | 37,989 | ||||
Accrued interest receivable | 6,122 | 6,122 | ||||
Other real estate | 36,952 | 36,952 | ||||
Other intangible assets | 4,586 | 4,586 | ||||
Other assets | 50,401 | 49,541 | ||||
Total assets | $ | 1,568,651 | $ | 1,567,791 | ||
Non-interest bearing deposits | $ | 231,718 | $ | 231,718 | ||
Interest bearing deposits | 1,139,745 | 1,139,745 | ||||
Total deposits | 1,371,463 | 1,371,463 | ||||
Federal funds and repurchase agreements | 4,398 | 4,398 | ||||
Other borrowings | 43,001 | 43,001 | ||||
Junior subordinated debt | 30,928 | 30,928 | ||||
Accrued interest payable | 1,023 | 1,023 | ||||
Other liabilities | 8,242 | 5,937 | ||||
Total liabilities | 1,459,055 | 1,456,750 | ||||
Preferred stock, 30,000 shares issued and outstanding | 17,564 | 17,564 | ||||
Common stock, 9,154,936 and 9,106,803 | ||||||
shares issued & outstanding | 45,775 | 45,775 | ||||
Additional paid-in capital | 31,895 | 31,895 | ||||
Nonvested restricted stock awards | 674 | 674 | ||||
Retained earnings | 14,456 | 14,456 | ||||
Accumulated other comprehensive income (Note 1) | (768 | ) | 677 | |||
Total First M&F Corp equity | 109,596 | 111,041 | ||||
Noncontrolling interests in subsidiaries | — | — | ||||
Total equity | 109,596 | 111,041 | ||||
Total liabilities & equity | $ | 1,568,651 | $ | 1,567,791 | ||
First M&F Corporation | ||||
Financial Highlights | ||||
As of December 31, 2011 | ||||
Originally | ||||
Revised | Stated | |||
Values | Values | |||
Book value | 10.05 | 10.21 | ||
Tangible equity to tangible assets (a) | 6.71 | % | 6.81 | % |
Tangible common equity to tangible assets (a) | 5.59 | % | 5.69 | % |
First M&F Corporation | ||||
Notes to Financial Schedules | ||||
(a) Tangible equity to tangible assets is calculated as: (Total equity minus goodwill and other intangible assets) divided by | ||||
(Total assets minus goodwill and other intangible assets) | ||||
Tangible common equity to tangible assets is calculated as: (Total First M&F Corp equity minus preferred stock minus | ||||
goodwill and other intangible assets) divided by (Total assets minus goodwill and other intangible assets) | ||||