Years Ended December 31 | CHANGE |
INCOME STATEMENT | 2006 | 2005 | AMOUNT | PERCENT |
Net interest income | $1,983 | $ 1,956 | $ 27 | 1% |
Income from continuing operations* | 782 | 816 | (34) | (4) |
Net income | 893 | 861 | 32 | 4 |
Basic earnings
per common share: Income from continuing operations* |
4.88 | 4.90 | (0.02) | — |
Net income | 5.57 | 5.17 | 0.40 | 8 |
Diluted
earnings per common share: Income from continuing operations* |
4.81 | 4.84 | (0.03) | (1) |
Net income | 5.49 | 5.11 | 0.38 | 7 |
Cash dividends declared per common share | 2.36 | 2.20 | 0.16 | 7 |
Book value per common share | 32.70 | 31.11 | 1.59 | 5 |
Market value per common share | 58.68 | 56.76 | 1.92 | 3 |
Average common shares outstanding – basic | 160 | 167 | (7) | (4) |
Average common shares outstanding – diluted | 162 | 169 | (7) | (4) |
RATIOS |
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Return on average assets* | 1.58% | 1.64% | ||
Return on average common shareholders’ equity* | 17.24 | 16.90 | ||
Average
common shareholders’ equity as a percentage of average assets |
9.15 | 9.71 | ||
Tier 1 common capital as a percentage of risk-weighted assets | 7.54 | 7.78 | ||
Tier 1 risk-based capital as a percentage of risk-weighted assets | 8.02 | 8.38 | ||
Total risk-based capital as a percentage of risk-weighted assets | 11.63 | 11.65 | ||
BALANCE SHEET (at December 31) |
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Total assets | $ 58,001 | $ 53,013 | $ 4,988 | 9% |
Total earning assets | 54,052 | 48,646 | 5,406 | 11 |
Total loans | 47,431 | 43,247 | 4,184 | 10 |
Total deposits | 44,927 | 42,431 | 2,496 | 6 |
Total common shareholders’ equity | 5,153 | 5,068 | 85 | 2 |
*Income from continuing operations excludes the results of Munder Capital Management, a subsidiary sold in 2006
and reported as a discontinued operation in all periods presented. Ratios are based on net income, which includes
income from both continuing and discontinued operations.