SOURCE: The Baraboo National Bank

January 18, 2007 11:07 ET

The Baraboo Bancorporation, Inc.: Earnings 2006 Year End

BARABOO, WI -- (MARKET WIRE) -- January 18, 2007 -- The Baraboo Bancorporation, Inc. (OTCBB: BAOB) announced earnings per share of $1.533 for the 12 months ended December 31, 2006 compared to December 31, 2005 earnings per share of $1.406, an increase of 9.03%. Net Income for the year ended 2006 was $7,719,000 compared to $7,323,000 for the same period one year earlier.

Merlin E. Zitzner, CEO and Chairman of the Board of The Baraboo Bancorporation, Inc., stated, "The earnings per share for the twelve months ended December 31, 2006 increased by 9.03% over the same period last year because of an increase in net interest income, and the purchase of treasury stock by the company. The Baraboo Bancorporation, Inc. continues to increase earnings and shareholder value by offering the customer excellent service at a reasonable price."

Total assets were $743,566,000 as of December 31, 2006 compared to $691,608,000 on December 31, 2005; up approximately $52,000,000.

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

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

Contact Information

  • Contact:
    Lisa McClyman
    608-356-7703