Team Financial Announces First Quarter Results

Apr 26, 2001, 01:00 ET from Team Financial, Inc.

    PAOLA, Kan., April 26 /PRNewswire/ -- Team Financial, Inc. (the Company)
 (Nasdaq:   TFIN) today announced earnings of $804,000, or $.21 basic and
 $.20 diluted earnings per share, for the three months ended March 31, 2001,
 compared to $840,000, or $.21 basic and diluted earnings per share for the
 three months ended March 31, 2000.
     During the first quarter, the Company merged Iola Bank and Trust Co. into
 the lead bank, TeamBank, N.A., in its continued effort to implement cost
 savings initiatives.  The Company incurred $30,000 in expenses for the
 subsidiary merger.  The Company plans to consolidate its remaining two
 subsidiary banks, Community Bank and Fort Calhoun State Bank, into TeamBank,
 N.A. by the end of the current fiscal year at an estimated cost of $100,000.
 The consolidation of the Company's subsidiary banks is projected to generate
 operational cost savings as well as savings from the reduction and
 re-allocation of managerial staff within the Company.
     Net interest income before provision for loan losses increased from
 $4.5 million during the first quarter of 2000 to $4.7 million during the first
 quarter of 2001.  The increase was primarily due to a greater percent of loans
 to total earning assets as loans receivable increased $11.5 million from March
 31, 2000 to March 31, 2001.  The increase in loans receivable was funded with
 a decrease in investment securities.  The Company's net interest income as a
 percent of average earning assets declined from 3.92% at March 31, 2000 to
 3.85% March 31, 2001, primarily due to the increased cost of deposits.
     During the first quarter of 2001, the Company recorded $262,000 in
 provision for loan loss expense, up $77,000 from the first quarter ended 2000.
 The increase in the provision was a result of growth in the loan portfolio;
 an increased mix of commercial loans as a percent of the total loans in
 the portfolio, which typically present more credit risk and require higher
 reserves; and increased net charge-offs, with $359,000 in net charge-offs for
 the three months ended March 31, 2001 compared to $95,000 for the three months
 ended March 31, 2000.
     The Company's ratio of allowance for loan losses to total loans was
 1.14% of total loans at March 31, 2001 compared to 1.18% at December 31, 2000.
 The Company increased the ratio throughout 2000 in response to specific
 reserves associated with various commercial credits.  The decrease in the
 ratio for the first quarter 2001 was the result of charging off a real estate
 development loan consisting of three lots with specific allowances reserved
 against the loan, decreasing the allowance for loan losses.
     The Company's non-performing loans as a percent of total loans increased
 to 1.32% at March 31, 2001 from 1.27% at December 31, 2000 due to a
 $384,000 increase in the Company's non-performing loans during the quarter.
 The increase primarily consisted of commercial loans secured by real estate.
     Non-interest income for the quarter ended March 31, 2001 increased
 $289,000 to $1.5 million compared to $1.2 million for the same quarter ended
 in 2000.  The increase was partially attributable to a $146,000 increase in
 service charge income from additional fee based services offered on deposit
 accounts.  Also reflected in the increase of non-interest income was a
 $178,000 increase from the gain on sale of mortgage loans generated from
 additional loan originations sold due to a more favorable interest rate
 environment during the quarter ended March 31, 2001 compared to the quarter
 ended March 31, 2000.  Of the $178,000 increase, $138,000 is directly
 attributable to the operations of Fort Calhoun State Bank, which was acquired
 on March 23, 2001.
     Non-interest expense increased $436,000 to $4.8 million for the three
 months ended March 31, 2001 compared to $4.4 million for the same quarter in
 2000.  Of the increase, $340,000 is directly attributable to the operations
 from the acquisition of Fort Calhoun State Bank, which was acquired on March
 23, 2000.  Net of the acquisition, the increase in non-interest expense for
 the first quarter of 2001 compared to the first quarter of 2000 was $96,000.
 The increase in professional fees makes up $94,000 of the $96,000 increase.
 The increase in professional fees is attributable to additional consulting
 expense related to the implementation of additional fee based services offered
 on deposit accounts.  The Company's salary and benefits increased $212,000 for
 the first quarter ended in 2001 compared to the same quarter a year ago.  Net
 of the increase related to the acquisition for Fort Calhoun State Bank,
 salaries and benefits increased $12,000.
     As previously announced, the Board of Directors approved a stock
 repurchase program in January 2001 authorizing the repurchase of up to
 300,000 shares of the Company's common stock.  This follows the previous
 stock repurchase program announced during February 2000 in which the Company
 repurchased 300,000 shares of its common stock at an average price of
 $8.63.  The Company has repurchased 1,600 shares of common stock under the
 January 2001 authorization at an average price of $8.66 as of April 26, 2001.
 
     Team Financial, Inc. is a dynamic, growth-oriented $535 million multi-bank
 holding company.  It operates in 20 locations in the Kansas City metropolitan
 area, southeastern Kansas, western Missouri, and the Omaha, Nebraska
 metropolitan area.  The Company's presence in Kansas consists of seven
 locations in the Kansas City metro area, which includes the high growth market
 of Johnson County, three locations in southeast Kansas and two locations along
 the I-70 corridor.  The Company operates three locations in western Missouri,
 and five in the high growth metropolitan area of Omaha, Nebraska.   The
 Company offers a full range of consumer and corporate banking services,
 including small business loans, mortgage loans, trust services, and investment
 and brokerage services.  For additional information on Team Financial, Inc.,
 visit its Web site at http://www.teamfinancialinc.com or call 800-880-6262,
 ext. 305.
     This press release contains forward-looking statements under the Private
 Securities Litigation Reform Act of 1995 that are subject to certain risks and
 uncertainties that could cause actual results to differ materially from
 historical earnings and those presently anticipated or projected.  The Company
 cautions readers not to place undue reliance on any such forward looking
 statements, which speak only as of the date of this release.  Such risks and
 uncertainties include those detailed in the Company's filings with the
 Securities and Exchange Commission, risks of adversely changing results of
 operations, risks related to the Company's acquisition strategy, risk of loans
 and investments, including the effect of the change of the local economic
 conditions, risks associated with the adverse effects of the changes in
 interest rates, and competition for the Company's customers by other providers
 of financial services, all of which are difficult to predict and many of which
 are beyond the control of the Company.
 
 
                       Team Financial, Inc. And Subsidiaries
                  Consolidated Statements of Financial Condition
                                  (In Thousands)
 
                                                   March 31,
                                                      2001         December 31,
      ASSETS                                     (Unaudited)            2000
 
      Cash and due from banks                       $10,609            $8,702
      Federal funds sold and interest
       bearing bank deposits                         20,101            16,665
          Cash and cash equivalents                  30,710            25,367
 
      Investment securities
        Available for sale, at fair value
         (amortized cost of $141,946 and
          $132,291 at March 31, 2001 and
           December 31, 2000,
           respectively)                            144,264           132,360
        Held to maturity, at cost (fair
         value of $25,161 at December 31,
         2000)                                          --              24,864
          Total investment securities               144,264           157,224
 
      Loans receivable, net of unearned
       fees                                         335,084           331,931
      Allowance for loan losses                      (3,814)           (3,911)
          Net loans receivable                      331,270           328,020
 
      Accrued interest receivable                     5,195             5,453
      Premises and equipment, net                     9,878            10,007
      Assets acquired through foreclosure               588               340
      Goodwill, net of accumulated
       amortization                                  10,731            10,914
      Other assets                                    1,848             2,280
 
          Total assets                             $534,484          $539,605
 
      LIABILITIES AND STOCKHOLDERS' EQUITY
      Deposits:
        Checking deposits                          $122,811          $126,180
        Savings deposits                             21,819            21,028
        Money market deposits                        40,372            39,604
        Certificates of deposit                     254,076           255,383
          Total deposits                            439,078           442,195
      Federal funds purchased and
       securities sold
        under agreements to repurchase                5,979             7,353
      Federal Home Loan Bank advances                27,946            30,949
      Notes payable                                  13,525            14,425
      Accrued expenses and other
       liabilities                                    5,717             4,884
 
        Total liabilities                           492,245           499,806
 
      Stockholders' Equity:
      Preferred stock, no par value,
       10,000,000 shares authorized, no
       shares issued                                    --                 --
      Common stock, no par value,
       50,000,000 shares authorized;
       4,164,142 and 4,163,545 shares issued; 3,930,937
         and 3,881,940 shares outstanding
         at March 31, 2001 and December 31,
         2000                                        25,330            25,324
      Capital surplus                                    68               103
      Retained earnings                              17,379            16,771
      Treasury stock, 233,205 and 281,605
       shares of common stock at cost
        at March 31, 2001 and December 31,
         2000 respectively                           (2,043)           (2,442)
      Accumulated other comprehensive
       income                                         1,505                43
 
        Total stockholders' equity                   42,239            39,799
 
        Total liabilities and
         stockholders' equity                      $534,484          $539,605
 
 
                           Team Financial, Inc. And Subsidiaries
                       Consolidated Statements of Operations
                   (Dollars In Thousands, Except Per Share Data)
                                    (Unaudited)
 
                                                       Three Months Ended
                                                             March 31
                                                      2001              2000
      Interest Income:
      Interest and fees on loans                     $7,590            $6,927
      Taxable investment securities                   2,276             2,344
      Nontaxable investment securities                  274               267
      Other                                             205                82
 
         Total interest income                       10,345             9,620
 
      Interest Expense:
      Deposits
         Checking deposits                              514               532
         Savings deposits                               123               146
         Money market deposits                          357               394
         Certificates of deposit                      3,901             3,298
      Federal funds purchased and
       securities sold
         under agreements to repurchase                  78               193
      FHLB advances payable                             418               355
      Notes payable                                     268               209
 
         Total interest expense                       5,659             5,127
 
         Net interest income before
          provision for loan losses                   4,686             4,493
 
      Provision for loan losses                         262               185
 
         Net interest income after
          provision for loan losses                   4,424             4,308
 
      Non-Interest Income:
      Service charges                                   825               679
      Trust fees                                        138               142
      Gain on sales of mortgage loans                   231                53
      Gain (loss) on sales of investment
       securities                                         1                (5)
      Other                                             338               375
 
         Total other income                           1,533             1,244
 
      Non-Interest Expenses:
      Salaries and employee benefits                  2,443             2,231
      Occupancy and equipment                           584               495
      Data processing                                   396               468
      Professional fees                                 265               171
      Marketing                                          44                64
      Supplies                                           74                82
      Goodwill amortization                             183               158
      Conversion                                         30                -
      Other                                             795               709
 
         Total other expenses                         4,814             4,378
 
         Income before income taxes                   1,143             1,174
 
      Income taxes                                      339               334
 
         Net income                                    $804              $840
 
      Shares applicable to basic income
       per share                                  3,882,040         4,038,541
 
      Basic income per share                          $0.21             $0.21
 
      Shares applicable to diluted income
       per share                                  3,928,765         4,038,541
 
      Diluted income per share                        $0.20             $0.21
 
 
      See accompanying notes to the unaudited consolidated financial
      statements
 
 
                       Team Financial, Inc. And Subsidiaries
                           Selected Ratios and Other Data
                                    (Unaudited)
 
                                                          As of and For
                                                       Three Months Ended
                                                           (Unaudited)
     Selected Data                                 (Unaudited)          2000
 
     Performance Ratios
 
     Return On Average Assets                         0.61%              0.65%
 
     Return On Average Equity                         7.88%              9.28%
 
     Average Equity To Average Assets                 7.78%              7.02%
 
     Net Interest Margin On Average
      Earning Assets
          During The Period (Tax
           Equivalent)                                3.85%              3.92%
 
     Efficiency Ratio                                77.41%             76.31%
 
     Book Value Per Share                            $10.75              $9.19
 
     Tangible Book Value Per Share                    $8.02              $6.26
 
     Performance Ratios and Earnings Per
      Share Excluding
        Goodwill Amortization
 
     Return On Average Assets                         0.71%              0.74%
 
     Return On Average Equity                         9.14%             10.59%
 
     Efficiency Ratio                                74.47%             73.56%
 
      Basic income per share                          $0.24              $0.24
 
      Diluted income per share                        $0.24              $0.24
 
 
     Asset Quality Ratios
 
     Non Performing Loans As A Percent Of
      Total Loans                                     1.32%              0.81%
 
     Non Performing Assets As A Percent Of
      Total Assets                                    0.94%              0.63%
 
     Allowance For Loan And Lease Losses
      As A
        Percent Of Total Loans                        1.14%              1.16%
 
     Allowance For Loan And Lease Losses
      As A
        Percent Of Non Performing Loans              86.35%            144.07%
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X24375478
 
 

SOURCE Team Financial, Inc.
    PAOLA, Kan., April 26 /PRNewswire/ -- Team Financial, Inc. (the Company)
 (Nasdaq:   TFIN) today announced earnings of $804,000, or $.21 basic and
 $.20 diluted earnings per share, for the three months ended March 31, 2001,
 compared to $840,000, or $.21 basic and diluted earnings per share for the
 three months ended March 31, 2000.
     During the first quarter, the Company merged Iola Bank and Trust Co. into
 the lead bank, TeamBank, N.A., in its continued effort to implement cost
 savings initiatives.  The Company incurred $30,000 in expenses for the
 subsidiary merger.  The Company plans to consolidate its remaining two
 subsidiary banks, Community Bank and Fort Calhoun State Bank, into TeamBank,
 N.A. by the end of the current fiscal year at an estimated cost of $100,000.
 The consolidation of the Company's subsidiary banks is projected to generate
 operational cost savings as well as savings from the reduction and
 re-allocation of managerial staff within the Company.
     Net interest income before provision for loan losses increased from
 $4.5 million during the first quarter of 2000 to $4.7 million during the first
 quarter of 2001.  The increase was primarily due to a greater percent of loans
 to total earning assets as loans receivable increased $11.5 million from March
 31, 2000 to March 31, 2001.  The increase in loans receivable was funded with
 a decrease in investment securities.  The Company's net interest income as a
 percent of average earning assets declined from 3.92% at March 31, 2000 to
 3.85% March 31, 2001, primarily due to the increased cost of deposits.
     During the first quarter of 2001, the Company recorded $262,000 in
 provision for loan loss expense, up $77,000 from the first quarter ended 2000.
 The increase in the provision was a result of growth in the loan portfolio;
 an increased mix of commercial loans as a percent of the total loans in
 the portfolio, which typically present more credit risk and require higher
 reserves; and increased net charge-offs, with $359,000 in net charge-offs for
 the three months ended March 31, 2001 compared to $95,000 for the three months
 ended March 31, 2000.
     The Company's ratio of allowance for loan losses to total loans was
 1.14% of total loans at March 31, 2001 compared to 1.18% at December 31, 2000.
 The Company increased the ratio throughout 2000 in response to specific
 reserves associated with various commercial credits.  The decrease in the
 ratio for the first quarter 2001 was the result of charging off a real estate
 development loan consisting of three lots with specific allowances reserved
 against the loan, decreasing the allowance for loan losses.
     The Company's non-performing loans as a percent of total loans increased
 to 1.32% at March 31, 2001 from 1.27% at December 31, 2000 due to a
 $384,000 increase in the Company's non-performing loans during the quarter.
 The increase primarily consisted of commercial loans secured by real estate.
     Non-interest income for the quarter ended March 31, 2001 increased
 $289,000 to $1.5 million compared to $1.2 million for the same quarter ended
 in 2000.  The increase was partially attributable to a $146,000 increase in
 service charge income from additional fee based services offered on deposit
 accounts.  Also reflected in the increase of non-interest income was a
 $178,000 increase from the gain on sale of mortgage loans generated from
 additional loan originations sold due to a more favorable interest rate
 environment during the quarter ended March 31, 2001 compared to the quarter
 ended March 31, 2000.  Of the $178,000 increase, $138,000 is directly
 attributable to the operations of Fort Calhoun State Bank, which was acquired
 on March 23, 2001.
     Non-interest expense increased $436,000 to $4.8 million for the three
 months ended March 31, 2001 compared to $4.4 million for the same quarter in
 2000.  Of the increase, $340,000 is directly attributable to the operations
 from the acquisition of Fort Calhoun State Bank, which was acquired on March
 23, 2000.  Net of the acquisition, the increase in non-interest expense for
 the first quarter of 2001 compared to the first quarter of 2000 was $96,000.
 The increase in professional fees makes up $94,000 of the $96,000 increase.
 The increase in professional fees is attributable to additional consulting
 expense related to the implementation of additional fee based services offered
 on deposit accounts.  The Company's salary and benefits increased $212,000 for
 the first quarter ended in 2001 compared to the same quarter a year ago.  Net
 of the increase related to the acquisition for Fort Calhoun State Bank,
 salaries and benefits increased $12,000.
     As previously announced, the Board of Directors approved a stock
 repurchase program in January 2001 authorizing the repurchase of up to
 300,000 shares of the Company's common stock.  This follows the previous
 stock repurchase program announced during February 2000 in which the Company
 repurchased 300,000 shares of its common stock at an average price of
 $8.63.  The Company has repurchased 1,600 shares of common stock under the
 January 2001 authorization at an average price of $8.66 as of April 26, 2001.
 
     Team Financial, Inc. is a dynamic, growth-oriented $535 million multi-bank
 holding company.  It operates in 20 locations in the Kansas City metropolitan
 area, southeastern Kansas, western Missouri, and the Omaha, Nebraska
 metropolitan area.  The Company's presence in Kansas consists of seven
 locations in the Kansas City metro area, which includes the high growth market
 of Johnson County, three locations in southeast Kansas and two locations along
 the I-70 corridor.  The Company operates three locations in western Missouri,
 and five in the high growth metropolitan area of Omaha, Nebraska.   The
 Company offers a full range of consumer and corporate banking services,
 including small business loans, mortgage loans, trust services, and investment
 and brokerage services.  For additional information on Team Financial, Inc.,
 visit its Web site at http://www.teamfinancialinc.com or call 800-880-6262,
 ext. 305.
     This press release contains forward-looking statements under the Private
 Securities Litigation Reform Act of 1995 that are subject to certain risks and
 uncertainties that could cause actual results to differ materially from
 historical earnings and those presently anticipated or projected.  The Company
 cautions readers not to place undue reliance on any such forward looking
 statements, which speak only as of the date of this release.  Such risks and
 uncertainties include those detailed in the Company's filings with the
 Securities and Exchange Commission, risks of adversely changing results of
 operations, risks related to the Company's acquisition strategy, risk of loans
 and investments, including the effect of the change of the local economic
 conditions, risks associated with the adverse effects of the changes in
 interest rates, and competition for the Company's customers by other providers
 of financial services, all of which are difficult to predict and many of which
 are beyond the control of the Company.
 
 
                       Team Financial, Inc. And Subsidiaries
                  Consolidated Statements of Financial Condition
                                  (In Thousands)
 
                                                   March 31,
                                                      2001         December 31,
      ASSETS                                     (Unaudited)            2000
 
      Cash and due from banks                       $10,609            $8,702
      Federal funds sold and interest
       bearing bank deposits                         20,101            16,665
          Cash and cash equivalents                  30,710            25,367
 
      Investment securities
        Available for sale, at fair value
         (amortized cost of $141,946 and
          $132,291 at March 31, 2001 and
           December 31, 2000,
           respectively)                            144,264           132,360
        Held to maturity, at cost (fair
         value of $25,161 at December 31,
         2000)                                          --              24,864
          Total investment securities               144,264           157,224
 
      Loans receivable, net of unearned
       fees                                         335,084           331,931
      Allowance for loan losses                      (3,814)           (3,911)
          Net loans receivable                      331,270           328,020
 
      Accrued interest receivable                     5,195             5,453
      Premises and equipment, net                     9,878            10,007
      Assets acquired through foreclosure               588               340
      Goodwill, net of accumulated
       amortization                                  10,731            10,914
      Other assets                                    1,848             2,280
 
          Total assets                             $534,484          $539,605
 
      LIABILITIES AND STOCKHOLDERS' EQUITY
      Deposits:
        Checking deposits                          $122,811          $126,180
        Savings deposits                             21,819            21,028
        Money market deposits                        40,372            39,604
        Certificates of deposit                     254,076           255,383
          Total deposits                            439,078           442,195
      Federal funds purchased and
       securities sold
        under agreements to repurchase                5,979             7,353
      Federal Home Loan Bank advances                27,946            30,949
      Notes payable                                  13,525            14,425
      Accrued expenses and other
       liabilities                                    5,717             4,884
 
        Total liabilities                           492,245           499,806
 
      Stockholders' Equity:
      Preferred stock, no par value,
       10,000,000 shares authorized, no
       shares issued                                    --                 --
      Common stock, no par value,
       50,000,000 shares authorized;
       4,164,142 and 4,163,545 shares issued; 3,930,937
         and 3,881,940 shares outstanding
         at March 31, 2001 and December 31,
         2000                                        25,330            25,324
      Capital surplus                                    68               103
      Retained earnings                              17,379            16,771
      Treasury stock, 233,205 and 281,605
       shares of common stock at cost
        at March 31, 2001 and December 31,
         2000 respectively                           (2,043)           (2,442)
      Accumulated other comprehensive
       income                                         1,505                43
 
        Total stockholders' equity                   42,239            39,799
 
        Total liabilities and
         stockholders' equity                      $534,484          $539,605
 
 
                           Team Financial, Inc. And Subsidiaries
                       Consolidated Statements of Operations
                   (Dollars In Thousands, Except Per Share Data)
                                    (Unaudited)
 
                                                       Three Months Ended
                                                             March 31
                                                      2001              2000
      Interest Income:
      Interest and fees on loans                     $7,590            $6,927
      Taxable investment securities                   2,276             2,344
      Nontaxable investment securities                  274               267
      Other                                             205                82
 
         Total interest income                       10,345             9,620
 
      Interest Expense:
      Deposits
         Checking deposits                              514               532
         Savings deposits                               123               146
         Money market deposits                          357               394
         Certificates of deposit                      3,901             3,298
      Federal funds purchased and
       securities sold
         under agreements to repurchase                  78               193
      FHLB advances payable                             418               355
      Notes payable                                     268               209
 
         Total interest expense                       5,659             5,127
 
         Net interest income before
          provision for loan losses                   4,686             4,493
 
      Provision for loan losses                         262               185
 
         Net interest income after
          provision for loan losses                   4,424             4,308
 
      Non-Interest Income:
      Service charges                                   825               679
      Trust fees                                        138               142
      Gain on sales of mortgage loans                   231                53
      Gain (loss) on sales of investment
       securities                                         1                (5)
      Other                                             338               375
 
         Total other income                           1,533             1,244
 
      Non-Interest Expenses:
      Salaries and employee benefits                  2,443             2,231
      Occupancy and equipment                           584               495
      Data processing                                   396               468
      Professional fees                                 265               171
      Marketing                                          44                64
      Supplies                                           74                82
      Goodwill amortization                             183               158
      Conversion                                         30                -
      Other                                             795               709
 
         Total other expenses                         4,814             4,378
 
         Income before income taxes                   1,143             1,174
 
      Income taxes                                      339               334
 
         Net income                                    $804              $840
 
      Shares applicable to basic income
       per share                                  3,882,040         4,038,541
 
      Basic income per share                          $0.21             $0.21
 
      Shares applicable to diluted income
       per share                                  3,928,765         4,038,541
 
      Diluted income per share                        $0.20             $0.21
 
 
      See accompanying notes to the unaudited consolidated financial
      statements
 
 
                       Team Financial, Inc. And Subsidiaries
                           Selected Ratios and Other Data
                                    (Unaudited)
 
                                                          As of and For
                                                       Three Months Ended
                                                           (Unaudited)
     Selected Data                                 (Unaudited)          2000
 
     Performance Ratios
 
     Return On Average Assets                         0.61%              0.65%
 
     Return On Average Equity                         7.88%              9.28%
 
     Average Equity To Average Assets                 7.78%              7.02%
 
     Net Interest Margin On Average
      Earning Assets
          During The Period (Tax
           Equivalent)                                3.85%              3.92%
 
     Efficiency Ratio                                77.41%             76.31%
 
     Book Value Per Share                            $10.75              $9.19
 
     Tangible Book Value Per Share                    $8.02              $6.26
 
     Performance Ratios and Earnings Per
      Share Excluding
        Goodwill Amortization
 
     Return On Average Assets                         0.71%              0.74%
 
     Return On Average Equity                         9.14%             10.59%
 
     Efficiency Ratio                                74.47%             73.56%
 
      Basic income per share                          $0.24              $0.24
 
      Diluted income per share                        $0.24              $0.24
 
 
     Asset Quality Ratios
 
     Non Performing Loans As A Percent Of
      Total Loans                                     1.32%              0.81%
 
     Non Performing Assets As A Percent Of
      Total Assets                                    0.94%              0.63%
 
     Allowance For Loan And Lease Losses
      As A
        Percent Of Total Loans                        1.14%              1.16%
 
     Allowance For Loan And Lease Losses
      As A
        Percent Of Non Performing Loans              86.35%            144.07%
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X24375478
 
 SOURCE  Team Financial, Inc.