SOURCE: The Baraboo National Bank

January 22, 2008 12:49 ET

The Baraboo Bancorporation Inc. Earnings 2007 Year End

BARABOO, WI--(Marketwire - January 22, 2008) - The Baraboo Bancorporation, Inc. (OTCBB: BAOB) announced earnings per share of $1.69 for the 12 months ended December 31, 2007 compared to December 31, 2006 earnings per share of $1.533, an increase of 10.22%. Net Income for 2007 was $8,218,000 compared to $7,719,000 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 in 2007 increased by 10.22% 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 $774,693,000 as of December 31, 2007 compared to $743,824,000 on December 31, 2006.

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 Hoefer & Arnett Inc. (1-800-800-4693) makes a market in BAOB stock.

Contact Information

  • Contact:
    Lisa McClyman