|
|
Additional |
Unearned |
|
|
|
Common |
Paid-In |
ESOP |
Retained |
|
|
Stock (1) |
Capital |
Compensation |
Earnings |
Total |
|
------------- |
--------------- |
--------------- |
--------------- |
--------------- |
| Balance, December 31, 1993 |
$ 60,011 |
$ 17,515,417 |
$ -- |
$ 36,890,286 |
$ 54,465,714 |
| Stock issued for benefit plans
(26,488 shares) |
265 |
271,176 |
-- |
-- |
271,441 |
| Stock options exercised (21,472
shares) |
214 |
176,808 |
-- |
-- |
177,022 |
| Employee stock purchase plan (29,840
shares) |
298 |
259,683 |
-- |
-- |
259,981 |
| 10% stock dividend (606,262 shares) |
6,063 |
6,662,819 |
-- |
(6,668,882) |
-- |
| Net loss |
-- |
-- |
-- |
(13,047,027) |
(13,047,027) |
|
------------- |
--------------- |
--------------- |
--------------- |
--------------- |
| Balance, December 31, 1994 |
$ 66,851 |
$ 24,885,903 |
$ -- |
$ 17,174,377 |
$ 42,127,131 |
| Stock issued for benefit plans
(31,113 shares) |
311 |
283,463 |
-- |
-- |
283,774 |
| Stock options exercised (5,761
shares) |
58 |
33,736 |
-- |
-- |
33,794 |
| Employee stock purchase plan (37,689
shares) |
377 |
289,465 |
-- |
-- |
289,842 |
| Stock issued in public offering
(5,750,000 |
|
|
|
| shares) |
57,500 |
45,641,412 |
-- |
-- |
45,698,912 |
| Net income |
-- |
-- |
-- |
4,912,512 |
4,912,512 |
|
------------- |
--------------- |
--------------- |
--------------- |
--------------- |
| Balance, December 31, 1995 |
$ 125,097 |
$ 71,133,979 |
$ -- |
$ 22,086,889 |
$ 93,345,965 |
| Stock issued for benefit plans
(30,015 shares) |
300 |
347,345 |
-- |
-- |
347,645 |
| Stock options exercised (257,207
shares) |
2,572 |
2,630,959 |
-- |
-- |
2,633,531 |
| Employee stock purchase plan (36,387
shares) |
364 |
272,178 |
-- |
-- |
272,542 |
| Loan to ESOP for purchase of shares |
-- |
-- |
(568,750) |
-- |
(568,750) |
| Amortization of ESOP |
-- |
5,382 |
47,396 |
-- |
52,778 |
| Debenture conversion (2,343,108
shares) |
23,431 |
27,629,018 |
-- |
-- |
27,652,449 |
| Net income |
-- |
-- |
-- |
19,025,450 |
19,025,450 |
|
------------- |
--------------- |
--------------- |
--------------- |
--------------- |
| Balance, December 31, 1996 |
$ 151,764 |
$ 102,018,861 |
$ (521,354) |
$ 41,112,339 |
$ 142,761,610 |
|
========= |
========= |
========= |
========= |
========= |
|
|
|
|
|
| (1) $.01 Par Value |
|
|
|
|
|
|
|
|
|
