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Green Bankshares Inc. (GRNB) filed Quarterly Report for the period ended 2011-09-30.
Green Bankshares Inc. has a market cap of $17.24 million; its shares were traded at around $1.3 with and P/S ratio of 0.11.
This is the annual revenues and earnings per share of GRNB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of GRNB.
Highlight of Business Operations:
The net interest margin for the period from January 1, 2011 through September 7, 2011 was 3.86%, down 3 basis points versus the first nine months of 2010. However, net interest income declined $11,191 or 17% due to a decline in the number of days and a 21% decline in average performing loan balances, partially offset by a 7 basis point increase in the spread between yields on earning assets versus interest bearing liabilities.The following table sets forth certain information relating to the Company’s consolidated average interest-earning assets and interest-bearing liabilities and reflects the average yield on assets and average cost of liabilities for the periods indicated. These yields and costs are derived by dividing income or expense by the average daily balance of assets or liabilities, respectively, for the periods presented.
Non-interest Income. Fee income unrelated to interest-earning assets, consisting primarily of service charges, commissions and fees, is an important component to the Company’s total revenue stream. Total non-interest income for the period of July 1, 2011 through September 7, 2011 was $11,940 which included $6,324 of gains realized through the sale of investment securities. For the period January 1, 2011 through September 7, 2011, non-interest income was $27,803, up $2,317 versus the first nine months of 2010.
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