Net income from theinvestment subsidiary is not subject to Indiana bank franchise tax.Heartland's allowance for loan losses at March 31, 2009 was $2,827,000 or1.76% of loans. Net charge-offs were $353,000 for the quarter.Non-performing assets total $6,403,000 or 2.79% of total assets at March31, 2009 and include $3,107,000 of non-accrual loans, $1,517,000 of loansgreater than 90 days past due and still accruing and $1,779,000 of otherreal estate. Non-performing assets totaled $6,122,000 or 2.66% of totalassets at December 31, 2008.Total assets decreased $701,000 or 0.30% to $229,475,000 at March 31, 2009from $230,176,000 at December 31, 2008. During this same period, grossloans increased $1,789,000 or 1.13% to $160,184,000 at March 31, 2009.Total deposits increased by $6,597,000 or 3.75% to $182,533,000 at March31, 2009. Heartland reduced Federal Home Loan Bank advances payable by$4,548,000 from December 31, 2008 to March 31, 2009.
Total shareholdersequity increased $400,000 or 2.86% to $14,332,000 and book value per shareincreased to $10.25 at March 31, 2009.President Steve Bechman commented, "We are pleased to report improvementsfrom the first quarter 2008 in net interest income and non-interest incomecombined with loan and deposit growth from December 31, 2008. We continueto monitor our credit quality closely and recorded provision expense at alevel close to our net charge-offs for the quarter."Heartland Community Bank is the wholly owned subsidiary of HeartlandBancshares, Inc. and began banking operations December 17, 1997 in JohnsonCounty, Indiana on the southern edge of the Indianapolis metro area. HEARTLAND BANCSHARES, INC.SELECTED BALANCE SHEET DATAMarch 31, 2009 and December 31, 2008 (Dollar amounts in thousands) (Unaudited) March 31, December 31,20092008----------------------Total cash and cash equivalents $15,048$17,793Securities available-for-sale40,437 43,366Loans held for sale 1,942759Gross loans 160,184158,395Allowance for loan losses 2,8272,880Total assets229,475230,176Total deposits182,533175,936Total liabilities 215,143216,244Shareholders' equity 14,332 13,932 HEARTLAND BANCSHARES, INC.
SELECTED INCOME STATEMENT DATAThree Months ended March 31, 2009 and 2008(Dollar amounts in thousands, except per share data) (Unaudited)2009 2008----------------------Interest income $ 2,853$ 3,197Interest expense8281,436Net interest income 2,0251,761Provision for loan losses 300 75Noninterest income616594Noninterest expense 2,3982,022Income taxes (145)28Net income$88$ 230Basic and diluted earnings per share$ .06$ .16Contact:Steve BechmanPresidentorJeff JoyceCFO(317) 738-3915Copyright 2009, Market Wire, All rights reserved.-0-. In the old days, I would have just driven on the lawn to get to the street. He's a busy man before games.He left me alone to get changed and tell 9 different reporters I wasn't speaking to them.I had to tell Ted Feldman, our PR guy, that I wouldn't go on TV for a quick interview with FOX (we were the regional game of the week). VALLEY COTTAGE, N.Y., April 24 /PRNewswire/ -- StockPreacher announces theavailability of Trade Alerts on stocks making news today.Investors can view all of the daily updates for free by visiting: 's Trade Alerts include: KeyCorp(NYSE: KEY) ,Las Vegas Sands Corp. (NYSE: LVS) , Yum! Brands Inc.(NYSE: YUM) , Wells Fargo & Company(NYSE:WFC) 's Trade Alerts are brief analyses on the active stocks eachday that are affecting the markets. These include breaking news, insideractivity, recent 52-week highs/lows, technical breakouts, and other marketdriving information. Stock Preacher is the authority on research in the smallcap sector, and we strive each day to find the stocks that are poised to bethe biggest movers before the rest of the market is aware of them.We encourage investors to subscribe to our FREE newsletter filled with dailytrading ideas by visiting: is one of the industry's largest small cap researchproviders.
Stock Preacher strives to provide a balanced view of many promisingsmall cap companies that would otherwise fall under the radar of the typicalWall Street investor. We provide investors with an excellent first step intheir research and due diligence by providing daily trading ideas, andconsolidating the publicly available information available on them. For moreinformation on Stock Preacher, please visit: CRD#1603068StockPreacher DisclosureStockPreacher is not a registered investment advisor and nothing containedin any materials should be construed as a recommendation to buy or sell anysecurities. StockPreacher is a wholly owned entity of Allan James Group,Inc., a financial public relations firm. Please read our report and visit ourwebsite, StockPreacher , for complete risks and disclosures.Julio Serrano of Stock Preacher is a member of the National Association ofSecurities Dealers, CRD number 1603068.SOURCEStock PreacherBrady Middleditch of Stock Preacher, +1-604-871-4306, . The International Institute for Strategic Studies (IISS) is pleased toannounce the latest conference installment of the Transatlantic Dialogue onClimate Change and Security (TDCCS), entitled: Defining Global Security in the21st Century: the Global Security Implications of Climate Change, on Tuesday,5 May 2009, from 8:30 to 3:00 pm at the Ritz Carlton, Washington (1150 22nd StNW, Washington DC). A light breakfast and lunch will be provided.Attendanceis by invitation only, or with prior approval.Senator John Kerry (D-MA), Chairman of the Senate Foreign Relations Committee,will deliver the Keynote Address.Senior IISS experts, including Nigel Inkster CMG, Director of TransnationalThreats and Political Risks, Andrew Parasiliti, Ph.D., Executive DirectorIISS-US and Corresponding Director, Middle East, and Alexander Nicoll,Director of Editorial, will moderate the panel discussions.Panel topicsinclude: (1) the intersection of climate security and energy security; (2) howmilitary and security planners should prepare for humanitarian crises causedby climate change; and (3) a discussion of the long-term strategicimplications for a global emissions-reduction treaty.
Media covering this event are requested to contact the IISS-US in advance toschedule interviews and arrange provisions for technical requirements.Asspace is extremely limited, media RSVPs (acceptances only) will be accepted inthe order in which they are received. Kindly RSVP no later than Thursday, 30April 2009, to or by ringing 202.659.1490. The IISSwould like to thank the European Commission for its generous support for thisproject. To learn more about the IISS or the TDCCS, visit: CONTACT: Kay Floyd of the International Institute for Strategic Studies,+1-202-659-1493 /PRNewswire-USNewswire -- April 24/ SOURCEThe International Institute for Strategic Studies. With the curtain falling on another Premier League campaign, memories come flooding back on the season that was 2007-08. Here are a few awards that could be given out now that the play has come to a close Player of the seasonIt can only be one.
