36 CONSOLIDATED FINANCIAL STATEMENTS
Cooperative Banks
as of end of periods indicated
in billion pesos
	Selected Accounts			COOPERATIVE BANKS
				March 2005	June 2005	September 2005	December 2005
	CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
		TOTAL OPERATING INCOME		0.185	0.382	0.603	0.810
		NET INTEREST INCOME		0.095	0.191	0.311	0.425
		INTEREST INCOME		0.204	0.416	0.638	0.853
		INTEREST EXPENSE		0.110	0.224	0.327	0.428
		NON-INTEREST INCOME		0.091	0.191	0.293	0.385
		FEE BASED INCOME		0.066	0.138	0.209	0.265
		TRADING INCOME		0.000	0.000	0.000	0.008
		TRUST DEPARTMENT INCOME		0.000	0.000	0.000	0.000
		OTHER INCOME		0.025	0.053	0.083	0.112
		TOTAL OPERATING EXPENSES		0.147	0.304	0.470	0.651
		BAD DEBTS WRITTEN OFF		0.000	0.001	0.001	0.001
		PROVISIONS FOR PROBABLE LOSSES		0.005	0.012	0.021	0.031
		OTHER OPERATING EXPENSES		0.142	0.292	0.448	0.619
		Overhead costs		0.099	0.200	0.310	0.423
		Other expenses		0.043	0.091	0.138	0.195
		NET OPERATING INCOME / (LOSS)		0.038	0.078	0.133	0.159
		EXTRAORDINARY CREDITS / (CHARGES)		0.007	0.017	0.025	0.030
		NET INCOME/(LOSS) BEFORE TAX		0.045	0.095	0.158	0.189
		PROVISIONS FOR INCOME TAX		0.000	0.000	0.000	0.000
		NET INCOME/(LOSS) AFTER TAX		0.045	0.094	0.157	0.188
	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