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Item
6. Selected
Consolidated Financial Data
The following
selected consolidated financial data should be read in conjunction
with the Consolidated Financial Statements of the Company and the
Notes thereto, appearing elsewhere in this Annual Report, and the
information contained in ‘‘ Item
7. Management ’ Discussion and Analysis of Financial Condition
and Results of Operations." The selected historical consolidated
financial data as of the end of and for each of the five years in
the period ended December 31, 2000 are derived from the Company’s
Consolidated Financial Statements which have been audited by independent
public accountants. Historical results have been restated to reflect
the operations of Citizens Bankers, Inc. and Citizens Bankers Limited
Partnership prior to December 29, 2000, the date on which they were
merged into the Company in a transaction accounted for as a pooling
of interests.
| (1) |
Basic
earnings per common share is computed by dividing net income
available to common shareholders by the weighted average number
of common shares outstanding for the period. Diluted earnings
per common share is computed by dividing net income available
to common shareholders adjusted for any changes in income
that would result from the assumed conversion of all potential
dilutive common shares, by the sum of the weighted average
number of common shares outstanding and the effect of all
dilutive potential common shares outstanding for the period.
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| (2) |
At period
end, except net charge-offs to average loans. |
| (3)
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Calculated
by dividing total noninterest expenses by net interest income
plus noninterest income, excluding net security gains (losses).
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| (4) |
Nonperforming
assets consist of nonperforming loans and other real estate
owned. |
| (5) |
Nonperforming
loans consist of nonaccrual loans, troubled debt restructurings
and loans contractually past due 90
days or more. |
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