|
President's Letter |
The Year In Review | Highlights
of 2003
Selected Financial Data (In Thousands except Per Share Data) |
| For the Year |
2003 |
2002 |
% Change |
| Net Income |
$9,515 |
$7,934& |
19.93% |
| Return on Average Assets |
1.20% |
1.12% |
7.14% |
| Return on Average Equity |
11.77% |
10.27% |
14.61% |
| |
| Per Share |
|
|
|
| Net Income |
$ 0.75 |
$ 0.63* |
19.05% |
| Book Value |
6.31 |
6.38* |
-1.10% |
| |
| Balances at Year-End |
|
|
|
| Assets |
$ 812,815 |
$ 748,098 |
8.65% |
| Securities |
292,181 |
251,089 |
16.37% |
| Net Loans |
465,463 |
442,914 |
5.09% |
| Deposits |
627,926 |
588,254 |
6.74% |
| Stockholders Equity |
80,214 |
80,952 |
-0.91% |
| Shares Outstanding |
12,705 |
12,436 |
2.16% |
| Cash Dividends |
7,601 |
6,924 |
9.78% |
| |
*Restated to reflect weighted
average shares outstanding adjusted
for stock dividends. |
| |
 |
Farmers National Bank is a wholly owned banking affiliate
of Farmers National Bank Corp. ©2000-2004 Farmers National Bank Corp. All
Rights Reserved.
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