Here's a statement on a net branch: "Anhorn stated, "Our ability with a net branch to increase year to date earnings 14.9% over the same period in 2005, while growing total assets $90.6 million and expanding our network of branches and geographical footprint is a result of a committed group of employees with a focus on serving customers. I'm pleased with our improvement in earnings this most recent quarter when compared to the same quarter in 2005," said President & Chief Executive Officer, John Anhorn. "
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Earnings per share for all periods have been adjusted to reflect the effect of the 5% stock dividend issued June 29, 2006. Earnings per share for the year to date periods ended September 30, 2006 and 2005, on a chart of how to get a net branch, respectively. Earnings per share on a fully diluted basis amounted to $0.21 for the third quarter of 2006, compared to $0.20 for the third quarter of 2005. PremierWest Bancorp PRWT reported 2006 third quarter earnings of $3,697,000, compared to the same period in 2005 when the Company earned $3,503,000. Net income for the year to date the net branch operations totaled $10,788,000 an increase of 14.9% when compared to net income for the first nine months of 2005 when PremierWest earned $9,387,000.
