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Guaranty Federal Bancshares Inc. Message Board

  • sambordulac sambordulac Sep 12, 2012 9:11 AM Flag

    The positives


    Amen, Mr. Work.

    Six months results as compared to that of last year:
    Net interest income inched ahead--$10.409M VS $10.286M.
    Non-interest income, still small, was up 20%--$1.861M VS $1.547M.
    Pretax, pre-provision operating income increased 19%--$4.592M VS $3.846M.

    This is all the more remarkable in light of the 6% reduction of asset and 5% reduction on loans,
    As a percentage of asset, PT-PP operating income was 1.42% VS 1.12% the year before, a 26% improvement.

    I'd like to see banks getting the PT-PP ROA closer to 2%. Maybe hard for GFED to get there without a healthy non-interest income, but so far, so good.

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