36 CONSOLIDATED FINANCIAL STATEMENTS  
Rural and Cooperative Banks
as of end of periods indicated
in billion pesos
 
Selected Accounts RURAL AND COOPERATIVE BANKS
  March 2005 June 2005 September 2005 December 2005
CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
TOTAL OPERATING INCOME 2.674 5.431 8.059 11.042
NET INTEREST INCOME 1.820 3.692 5.496 7.698
   INTEREST INCOME 3.146 6.444 9.681 13.261
   INTEREST EXPENSE 1.326 2.752 4.186 5.563
NON-INTEREST INCOME 0.854 1.739 2.563 3.344
   FEE BASED INCOME 0.614 1.291 1.890 2.473
   TRADING INCOME 0.005 0.010 0.010 0.026
   TRUST DEPARTMENT INCOME 0.000 0.000 0.000 0.000
   OTHER INCOME 0.235 0.438 0.663 0.845
TOTAL OPERATING EXPENSES 2.201 4.476 6.818 9.515
   BAD DEBTS WRITTEN OFF 0.005 0.006 0.015 0.060
   PROVISIONS FOR PROBABLE LOSSES 0.094 0.187 0.322 0.421
   OTHER OPERATING EXPENSES 2.103 4.283 6.481 9.033
      Overhead costs 1.364 2.791 4.223 5.879
      Other expenses 0.739 1.492 2.257 3.154
NET OPERATING INCOME / (LOSS) 0.472 0.955 1.241 1.527
EXTRAORDINARY CREDITS / (CHARGES) 0.117 0.268 0.368 0.528
NET INCOME/(LOSS) BEFORE TAX 0.590 1.223 1.609 2.055
PROVISIONS FOR INCOME TAX 0.072 0.184 0.266 0.389
NET INCOME/(LOSS) AFTER TAX 0.518 1.039 1.343 1.666
 
Note: Presented data are based on financial statements periodically submitted by banks in accordance with existing regulations.
Said submissions are processed and aggregated to derive industry results.  For unsubmitted and/or defective bank reports
for the period, the most recent processed report available is used as proxy in the generation of said industry aggregates.
Details may not add up to totals due to rounding.
Source: Supervisory Data Center, Supervision and Examination Sector