62  CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
B. MICROFINANCE-ORIENTED BANKS
as of end of periods indicated
in billion pesos
					TOTAL					THRIFT BANKS					RURAL AND COOPERATIVE BANKS
					Mar'07	Jun'07	Sept '07	Dec '07		Mar'07	Jun'07	Sept '07	Dec '07		Mar'07	Jun'07	Sept '07	Dec '07
	OPERATING INCOME				0.173	0.376	0.639	0.978		0.031	0.067	0.106	0.148		0.142	0.310	0.532	0.831
	Net Interest Income				0.065	0.146	0.243	0.355		0.024	0.054	0.087	0.125		0.041	0.092	0.156	0.231
		Interest Income			0.073	0.161	0.268	0.402		0.027	0.060	0.096	0.137		0.046	0.100	0.172	0.265
		Less: Interest Expense			0.008	0.015	0.025	0.047		0.003	0.006	0.009	0.012		0.005	0.009	0.016	0.035
	Non-Interest Income				0.108	0.231	0.396	0.623		0.007	0.013	0.019	0.023		0.101	0.218	0.377	0.600
		Fee-based Income			0.052	0.111	0.188	0.282		0.006	0.011	0.016	0.016		0.046	0.100	0.172	0.265
		Trading Income/(Loss)			0.005	0.009	0.016	0.034		(0.000)	(0.000)	(0.000)	(0.000)		0.005	0.009	0.016	0.035
		Trust Department Income			0.046	0.100	0.172	0.265		0.000	0.000	0.000	0.000		0.046	0.100	0.172	0.265
		Other Income/(Loss)			0.006	0.011	0.020	0.042		0.001	0.002	0.004	0.007		0.005	0.009	0.016	0.035
	OPERATING EXPENSES				0.074	0.149	0.244	0.360		0.036	0.069	0.104	0.143		0.038	0.080	0.139	0.217
		Bad Debts Written Off			0.034	0.035	0.035	0.042		0.034	0.035	0.035	0.042		0.000	0.000	0.000	0.000
		Provisions			(0.027)	(0.023)	(0.020)	(0.030)		(0.030)	(0.028)	(0.027)	(0.034)		0.003	0.004	0.007	0.004
		Other Operating Expenses			0.066	0.138	0.229	0.347		0.031	0.062	0.097	0.135		0.035	0.075	0.132	0.212
		Overhead Costs			0.042	0.087	0.142	0.223		0.022	0.043	0.067	0.094		0.020	0.044	0.075	0.129
		Other Expenses			0.024	0.051	0.087	0.124		0.010	0.019	0.030	0.040		0.014	0.031	0.057	0.083
		NET OPERATING INCOME (LOSS)			0.099	0.227	0.395	0.619		(0.004)	(0.002)	0.002	0.005		0.104	0.230	0.393	0.614
		EXTRAORDINARY CREDITS/(CHARGES)			0.000	0.001	0.002	0.003		0.000	0.001	0.002	0.002		0.000	0.000	0.000	0.000
		NET INCOME/(LOSS) BEFORE TAX			0.099	0.229	0.397	0.622		(0.004)	(0.001)	0.004	0.007		0.104	0.230	0.393	0.614
		Provision for Income Tax			(0.002)	(0.000)	0.005	0.007		(0.002)	(0.001)	0.001	0.001		(0.000)	0.001	0.004	0.006
		NET INCOME/(LOSS) AFTER TAX			0.101	0.229	0.392	0.615		(0.003)	(0.000)	0.003	0.006		0.104	0.229	0.389	0.609
	Cost to Income Ratio (%)				38.2	36.6				99.8	93.1				24.5	24.4
	Return on Assets (%)
	Return on Equity (%)
r/ Revised
p/ Preliminary
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector