Chimney pipe plant stands and tables

Sunset, Spring-Summer, 1995 by Lauren Bonar Swezey

Deferred gain 6,220 6,354 6,667

Commitments and contingencies

Stockholders' equity

Common stock $1 par value

Authorized - 50,000,000 shares

-ssued and outstanding -

3,551,228 shares in

1994 and 2,706,000 shares

in 1993 3,551 3,551 2,705

Surplus 65,080 65,080 39,723

Retained earnings 44,068 42,886 37,542

Unrealized valuation

adjustment (164) (352) 22

Total stockholders' equity 112,535 111,165 79,993

Total liabilities and

stockholders' equity 1,479,601 1,439,511 826,849

CB BANCSHARES, INC. AND SUBSIDIARIES (unaudited)

Consolidated Statement Of Income

(in thousands, except shares and per share data)

Quarter ended March 31

1995 1994

Interest income

Interest on fees and loans 23,230 10,996

Interest and dividends on

investment securities:

Taxable interest income 4,023 2,466

Exempt from Federal income taxes 70 107

Dividends 162 136

Other interest income 118 278

Total interest income 27,603 13,983

Interest expense

Deposits 7,815 3,214

Short-term borrowings 4,131 138

Long-term debt 1,716 638

Total interest expense 13,662 3,990

Net interest income 13,941 9,993

Provision for loan losses (120) (409)

Net interest income after

provision for loan losses 13,821 9,584

Non-interest income

Other service charges and fees 2,072 1,829

Securities gains 0 0

Gain on sale of other real estate 0 0

Gain on sale of premises 112 112

Total non-interest income 2,184 1,941

Non-interest expense

Salaries and employees benefits 5,074 3,358

Net occupancy and

equipment expense 2,419 1,782

Other 4,776 2,658

Total non-interest expense 12,269 7,798

Income before income taxes 3,736 3,727

Provision for income taxes (1,400) (1,463)

Net income before cumulative

effect of accounting change 2,336 2,264

Cumulative effect of

accounting change

Net income 2,336 2,264

Per share data

Income before cumulative effect

of accounting change 0.66 0.84

Cumulative effect of

accounting change 0.00 0.00

Net Income 0.66 0.84

CB BANCSHARES, INC. AND SUBSIDIARIES