Wake Forest Bancshares, Inc.

WAKE · OTC
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9/30/2007
9/30/2006
9/30/2005
9/30/2004
Revenue$4,250$4,303$3,532$3,005
% Growth-1.2%21.8%17.5%
Cost of Goods Sold$0$0$0$0
Gross Profit$4,250$4,303$3,532$3,005
% Margin100%100%100%100%
R&D Expenses$0$0$0$0
G&A Expenses$810$821$747$671
SG&A Expenses$810$821$747$671
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses-$2,465-$2,532-$2,217-$1,914
Operating Expenses-$1,655-$1,712-$1,470-$1,243
Operating Income$2,595$2,591$2,062$1,762
% Margin61.1%60.2%58.4%58.6%
Other Income/Exp. Net$0$0$0$0
Pre-Tax Income$2,595$2,591$2,062$1,762
Tax Expense$915$935$741$673
Net Income$1,680$1,656$1,321$1,089
% Margin39.5%38.5%37.4%36.2%
EPS1.451.441.140.95
% Growth0.7%26.3%20%
EPS Diluted1.451.431.130.94
Weighted Avg Shares Out1,1581,1501,1581,146
Weighted Avg Shares Out Dil1,1581,1581,1691,158
Supplemental Information
Interest Income$7,811$7,173$5,752$4,818
Interest Expense$3,684$2,979$2,315$1,942
Depreciation & Amortization$44$34$24$25
EBITDA$0$0$0$0
% Margin0%0%0%0%