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Unearned Interest

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Unearned interest
Interest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough.

Unearned Interest
Interest on a loan that the lender has received, but that may not be recorded as earnings because the principal has not been outstanding for a long enough time.


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31, March 31, 2006 2005 2005 ---------- ---------- ---------- Total assets $1,608,240 $1,619,989 $1,320,363 Cash and cash equivalents 40,530 74,523 72,067 Investment securities 54,155 58,736 59,741 Loans, net of unearned interest 1,404,627 1,378,642 1,114,731 Allowance for loan losses 20,083 19,739 16,564 Deposits 1,285,738 1,295,879 1,074,313 Shareholders' equity 172,317 168,021 110,669 Tangible shareholders' equity (1) 132,965 128,399 87,162 Book value per share 17.
If at anytime Parallel elects not to pursue additional development of the leasehold, Parallel will reassign any unearned interest back to the five parties and will incur no future capital obligations.
31, 2005 2005 2004 --------- --------- --------- Total assets $1,619,989 $1,405,580 $1,233,403 Cash and cash equivalents 74,523 46,321 70,648 Investment securities 58,736 63,565 45,910 Loans, net of unearned interest 1,378,642 1,215,072 1,046,867 Allowance for loan losses 19,739 17,640 15,721 Deposits 1,295,879 1,134,864 998,022 Shareholders' equity 168,021 160,307 108,718 Tangible shareholders' equity(1) 128,399 137,176 85,023 Book value per share 17.
 
 
 
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