Team Financial Inc announces first quarter results.
Team Financial, Inc. (the “Company”, Nasdaq: TFIN) today announced a profit of $ 1168000 or $ 32 $ Basic and diluted net income 32 per share for the three months to March 31, 2007, an increase 29.9%, compared to $ 899000 or $ 22 unverwässerte and diluted earnings per share for the three months to March 31, 2006.The surplus in interest rates for the three months to March 31, 2007 increased by approximately $ 491000 or 8.6%, for the same period the previous year, mainly due to increased loans by a decrease of the net interest margin of 3 basis points. Non-interest income decreased by approximately $ 44000 or 2.5% over the same three-month period last year, mainly to a decrease in profits from the sale of mortgage loans and lower taxes. Non-interest expenses increased by $ 110000 or 1.8%, while the three months to March 31, 2007 for the same period last year, including an increase in the framework of the preparation for the April 16 opening a new branch in Falcon, Colorado and an increase in fees.
Loans receivable from goods and services increased by approximately $ 17.7 million or 3.6% to $ 504.2 million at 31 Compared to March 31, 2007 December 2006. This increase is mainly due to an increase in construction and land loans.
The provision for risks Provident was $ 230000 for the three months to March 31, 2007 compared to $ 275000 for the three months ended
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