SOURCE: The Baraboo National Bank

July 15, 2008 07:00 ET

The Baraboo Bancorporation -- First Half of Year Earnings Summary

BARABOO, WI--(Marketwire - July 15, 2008) - The Baraboo Bancorporation, Inc. (OTCBB: BAOB) announced earnings per share of $0.904 for the six months ended June 30, 2008 compared to June 30, 2007 earnings per share of $0.849, an increase of 6.47%. Net Income for the first six months of 2008 was $4,257,000 compared to $4,170,000 for the same period one year earlier. Total assets were $787,000,000 as of June 30, 2008 compared to $752,000,000 on June 30, 2007.

Merlin E. Zitzner, CEO and Chairman of the Board of the Baraboo Bancorporation, Inc., stated that "The earnings per share for the first six months of the year increased by 6.47% over the same period last year because of an increase in net interest income, non-interest income, and the repurchase of The Baraboo Bancorporation, Inc. stock. The Baraboo Bancorporation, Inc. continues to increase earnings and shareholder value by offering the customer excellent service at a reasonable price."

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 two independent community banks with a total of 16 locations in Baraboo, Portage, Reedsburg, Green Lake, Lake Delton, Rock Springs, Viroqua, Wonewoc, Elcho, Rhinelander and Fond du Lac, Wisconsin.

Howe Barnes Hoefer & Arnett, Inc. (1-800-800-4693) makes a market in BAOB stock. If you need additional information about the company you can visit the website at www.baraboobancorp.com.

Contact Information

  • Contact:
    Lisa McClyman
    608-356-7703