MutualFirst Announces First Quarter 2010 Earnings MarketWatch (press release)
, The holding company of MutualBank (the "Bank"), announced today that net income available for common shareholders for the first quarter ended March 31, 2010 was $893,000, or $.13 for basic and diluted earnings per common share. This compared to net income available for common shareholders for the same period in 2009 of $1.3 million, or $.20 for basic and diluted earnings per common share. Annualized return on assets was .37% and return on average tangible common equity was 3.87% for the first quarter of 2010 compared to .51% and 5.86% respectively, for the same period of last year.Other financial highlights for the first quarter ended March 31, 2010 include:
Asset growth of $88.1 million was primarily driven by an accumulation of cash and an increase in investment securities as a result of an increase in deposits of $77.2 million and a decrease in loan balances of $30.5 million compared to December 31, 2009.
Non-performing assets declined $3.8 million during the first quarter of 2010, reducing the non-performing asset ratio from 2.86% at December 31, 2009 to 2.44% as of March 31, 2010. Non-performing loans declined $5.2 million in the first quarter of 2010 reducing the non-performing loan ratio from 3.03% to 2.62%.
BBC NewsIn addition, since the government insurance will pay providers lower rates, doctors will have to charge private insurers correspondingly higher fees, raising those costs higher still. In a very short time, the government will be the only insurer in the Video: Doctors Weigh in on Obama Health Plan The Death and Life of Health 'Reform' How Obamacare Will Change Your Life -
PR Web (press release)Congress Airs Concerns on Long-Term Care InsuranceAnd it is even more expensive to acquire coverage late in life. A long-term care policy costs almost twice as much when purchased at age 70 than it would have at age 60, according to a Kaiser policy brief (PDF). Given this uncertainty and the Long-term care threatens to sap seniors' savings
Modern MedicineLife insurance policies should never be created for short-term Two years ago, presidential candidate John McCain secured initial campaign financing by using his $3 million life insurance policy as collateral. In 1980, Doris Christopher used a life insurance loan to launch her struggling kitchen gadget company.
CNBCHealth Care Rationing Rhetoric Overlooks RealityOver all, the survival rates for many diseases in this country are no better than they are in countries that spend far less on health care. People here are less likely to have long-term survival after colorectal cancer, childhood leukemia or a kidney "Health Care Rationing Rhetoric"
