SOURCE: The Baraboo National Bank

October 18, 2005 10:46 ET

The Baraboo Bancorporation Nine-Month Earnings Summary

BARABOO, WI -- (MARKET WIRE) -- October 18, 2005 --The Baraboo Bancorporation, Inc. (OTC BB: BAOB) announced earnings per share of $1.12 for the nine months ended September 30, 2005. This represents a 10.30% increase over the $1.01 earnings per share during the first nine months of 2004. Net income for the first nine months of 2005 was $5,810,000 compared to $5,268,000 for the same period one year earlier.

Merlin E. Zitzner, CEO and Chairman of the Board of The Baraboo Bancorporation, Inc. stated, "The net income for the first nine months of the year increased by 10.30% over the same period last year because of an increase in net interest income and non-interest income. The Baraboo Bancorporation, Inc. continues to increase earnings and shareholder value by offering the customer excellent service at a reasonable price."

Total assets were $671,775,000 as of September 30, 2005, compared to $647,575,000 on as of September 30, 2004. The gross loan balance as of September 30, 2005 was $572,327,000 compared to the September 30, 2004 balance of $541,729,000.

The Baraboo Bancorporation, Inc. is a Wisconsin multi-bank holding company, offering complete banking and related financial services to both individual and business customers. The company owns and operates three independent community banks with 15 locations in Baraboo, Portage, Reedsburg, Green Lake, Lake Delton, Rhinelander, Rock Springs, Viroqua, Elcho and Wonewoc, Wisconsin.

Howe Barnes Investments, Inc. (1-800-800-4693) makes a market in BAOB stock.

The selected unaudited consolidated financial information was prepared in accordance with regulatory accounting principals, which may differ in some cases from GAPP accounting principals used to prepare the audited consolidated financial statements. The results are for the third quarter of the year and are not necessarily indicative of the results for the entire year. This financial information is subject to normal audit adjustments.

Contact Information

  • Howe Barnes Investments, Inc.