8% from 2002, reflecting a combination of increased transaction volumes due to organic growth and the MAFN acquisition, as well as changes in fee schedules.
7 million pre-tax charge related to the prepayment of FHLB debt, $600,000, pre-tax, in accounting and legal fees related to financial statement revision and re-audit, and $523,000 of merger related expenses coupled with increased volumes and activity resulting from internal growth and a full year of costs associated with the MAFN acquisition; commissions and professional fees associated with mortgage banking activities; volume related data processing costs; and increased expenditures for occupancy, marketing and advertising.
7 million in FHLB prepayment penalties; increased volumes and activity related to internal growth and the MAFN acquisition; commissions and professional fees related to mortgage banking activities; volume related data processing costs; increased expenditures for marketing and advertising and costs associated with the re-audit of 2001 financial statements.
Fully diluted weighted average shares outstanding were 4,079,000 and 3,519,000 respectively, during the quarters ended September 30, 2003 and 2002, reflecting the issuance of stock in connection with the MAFN acquisition in fall 2002.
Fully diluted weighted average shares outstanding were 3,970,000 and 3,326,000, respectively, during the quarters ended June 30, 2003 and 2002, reflecting the issuance of stock in connection with the MAFN
acquisition in fall 2002.
We grew core deposits by 27%, exclusive of the aforementioned acquisition of MAFN, while still expanding the net interest margin and effectively managing our balance sheet for future growth and stability.
This increase is inclusive of non-recurring acquisition-related charges of approximately $330,000 related to MAFN, and $1.
growth and the growth associated with the acquisition of MAFN