North Central Bancshares’ diluted earnings per share for the year 2007 was $2.93, a decrease as compared to diluted earnings per share of $3.32 for the same period in 2006. The company’s net income was $918,000, or diluted earnings per share of $0.68, for the fourth quarter of 2007, a decline as against net income of $1.21 million, or diluted earnings per share of $0.86, for the same quarter last year.
Net interest income for the year ended December 31, 2007 was $13 million, compared to net interest income of $13.1 million for 2006. The decrease in net interest income was primarily due to a decrease in the net interest spread. The net interest margin for the year was 2.65%, compared to the net interest margin of 2.79% for same period a year ago.
Total assets at December 31, 2007 were $510.2 million, compared to $515.5 million at December 31, 2006, while deposits increased $5.6 million, or 1.6%, to $365.9 million at December 31, 2007, from $360.3 million at comparable period in 2006.