BANK OF GRANITE CORP (GRAN) [Rocket]

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K
Total interest income			66.9	89.3	86.4	68.2	55.3	50.7
Interest on borrowings			0.7	0.7	0.9	0.9
Total interest expense			0.7	0.7	0.9	0.9
Net interest income			37.2	52.5	54.6	48.0	42.2	39.3
Provision for loan losses			30.2	55.1	6.4	5.2	5.4	4.8
Net interest income after provision for loan losses	0.0	0.0	6.9	-2.7	48.2	42.8	36.7	34.5
Deposit and loan fees			5.7	5.9	5.8	5.6	5.4	5.5
Gain on sale of investments, net			0.0	0.0	0.1	0.1	0.0	0.0
Other non-interest income			3.6	3.9	4.0	4.0	3.8	6.9
Total non-interest income			9.2	9.8	9.8	9.7	9.2	12.4
Asset impairment			10.8
Pre-tax income	-23.7	-25.6	-31.7	-26.5	27.9	22.9	18.9	23.1
Income taxes	0.0	0.0	4.6	-11.2	9.9	7.9	6.1	7.8
Tax rate	0.0%	0.0%		42.2%	35.4%	34.4%	32.6%	33.8%
Net income	-23.7	-25.6	-36.3	-15.3	18.0	15.0	12.7	15.3
Net margin			-224.1%	-214.7%	31.1%	28.6%	27.7%	32.6%

Basic EPS			($2.35)	($0.97)	$1.12	$0.91	$0.75	$1.14
Diluted EPS			($2.35)	($0.97)	$1.12	$0.91	$0.75	$1.13

Shares outstanding (basic)			15.4	15.8	16.1	16.5	17.0	13.4
Shares outstanding (diluted)			15.4	15.8	16.1	16.5	17.0	13.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.