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