yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
LAFAYETTE, Ind., Nov. 7, 2012 /PRNewswire/ -- LSB Financial Corp. (NASDAQ:LSBI), the parent company of Lafayette Savings Bank, FSB, today reported year-to-date earnings of $2.0 million or $1.28 diluted earnings per share compared to $1.1 million or $0.73 diluted earnings per share a year earlier. This equates to an annualized return on equity of 7.11% and return on assets of 0.72%. Earnings for the quarter were $879,000 or $0.56 diluted earnings per share compared to $457,000 or $0.29 diluted earnings per share a year earlier. The major contributors to the Bank's year-to-date performance were a $1,136,000 decrease in the provision for loan losses, a 41.5% improvement over last year; and an $878,000 increase in the gain on the sale of mortgage loans over the first nine months of last year. These were offset by a $520,000 or 5.18% decrease in net interest income for the nine months compared to the same period in 2011, primarily because of slower loan growth.
Randolph F. Williams, president and CEO stated, "We are very pleased with the performance and earnings of the Company during the third quarter. We are particularly pleased that at quarter-end, non-performing assets had decreased to $10.6 million or 2.97% of total assets, compared to $13.8 million or 3.79%, at the end of 2011. Our team has done an outstanding job of improving asset quality, reducing non-performing loans by $11.8 million from a high point of $21.2 million at June 30, 2011 to $9.4 million at September 30, 2012. The allowance for loan losses at September 30, 2012 was at 1.89% of total loans and equal to 58.3% of non-performing loans. Over 40% of our non-performing loans are either paying as agreed or are 60 or fewer days past due."
Williams continued, "Despite the extended low interest rate environment, we have maintained a strong net interest margin, showing only a slight decrease of nine basis points in the last twelve months. As a community bank, our success depends greatly on actively managing this number. We focus more on our customers' total relationships and try to meet all of their financial needs: from checking accounts to mortgages to business loans to financial advice.
"The Bank continues to maintain a strong capital base with a capital-to-asset ratio at September 30, 2012 of 10.82% and a risk-based capital ratio of 15.23%, both of which are well above the current definition of 'well-capitalized' as defined by bank regulation, although the new BASEL III capital requirements, which are still being discussed, could change that. In the meantime we will try to determine the potential effect on the Bank of a fully implemented BASEL III capital calculation and plan our capital strategies accordingly."
The closing market price of LSB stock on November 6, 2012 was $21.19 per share as reported by the NASDAQ Global Market. This represents an increase of 46.8% over the same date last year.
LSB FINANCIAL CORP.
SELECTED CONSOLIDATED FINANCIAL INFORMATION
(Dollars in thousands except share and per share amounts)
Selected balance sheet data:
Three months ended
September 30, 2012
December 31, 2011
Cash and due from banks
Interest bearing deposits
Interest bearing time deposits
Loans held for sale
Net portfolio loans
Allowance for loan losses
Premises and equipment, net
Federal Home Loan Bank stock, at cost
Bank owned life insurance
Advances from Federal Home Loan Bank
Book value per share
Equity / assets
Total shares outstanding
Asset quality data:
Total non-accruing loans
Non-accruing loans 90 or more days past due
Non-accruing loans less than 90 days past due
Other real estate / assets owned
Total non-performing assets
Non-performing loans / total loans
Non-performing assets / total assets
Allowance for loan losses / non-performing loans
Allowance for loan losses / non-performing assets
Allowance for loan losses / total loans
Loans charged off (nine and twelve months respectively)
Recoveries on loans previously charged off (nine and twelve months respectively)
Three months ended September 30, (Unaudited)
Nine months ended September 30, (Unaudited)
Selected operating data:
Total interest income
Total interest expense
Net interest income
Provision for loan losses
Net interest income after provision for loan losses
According to a recent KPMG report, SMAC, or Social, Mobile, Analytics and Cloud Computing, comprises around 80% of total ICT (Information & Communications Technology) spend. SMAC is not only promising a modern way for enterprises to leverage information technology, but it’s also revolu...
Today’s blog post is headed back to the basics. I’ve been using and talking about APM tools for so many years sometimes it’s hard to remember that feeling of not knowing the associated terms and concepts. So for anyone who is looking to learn about APM, this blog is for you.
Recording and maintaining good evidence of testing is growing more important all the time. The ability to document what actually happened during the development of hardware or software is vital in many industries. Medical equipment is a great example, as any failure could lead to unexp...
It is exceedingly difficult for individuals to match their capability to perform a job or function exactly with their experience in that role. For the upwardly mobile, being promoted into a new challenging role means heading into something with the capability but minus the experience. ...
Attack Mitigation Network (AMN) expands cyber attack detection coverage across all enterprise resources and automates the mitigation by selecting the most effective tools and locations – in the data center, at the perimeter or in the cloud to block the attacks. This revolutionary attac...