Short-term investments and interest bearing
9 million over interest bearing
liabilities providing an increase in the net interest income of $79,000.
7 million for the six months ended June 30, 2004 funded primarily through an increase in average interest bearing
liabilities of $46.
Also offered is a comprehensive Golden Choice Checking relationship account, a FREE interest bearing
checking account with no minimum balance required and no monthly maintenance fees that's designed for customers who are 55 years or older.
08 Total interest bearing
liabilities 4,431,934 18,255 1.
Pending such uses, the company intends to invest the remaining net proceeds in investment grade obligations and interest bearing
money market instruments.
Balance Sheet: -- Total Federal Funds, Interest Bearing
Deposits in Banks and Investment Securities: $22,835,000, a decrease of $15,016,000 or 39.
In this press release, debt to equity ratio is defined as interest bearing
debt, net of cash, divided by shareholders' equity, debt to EBITDA ratio is defined as interest bearing
debt, net of cash, divided by earnings before depreciation and amortization; interest; income taxes; and non-controlling interest.