Provident BanksharesThis Baltimore-based banking company...

BY THE NUMBERS

April 16, 1992

Provident Bankshares

This Baltimore-based banking company reported lower income for the three months that ended March 31 compared with the same period a year ago.

Earnings for the owner of Provident Bank of Maryland would have been much lower except for a tax benefit of $357,000 during the quarter, compared with a tax benefit of $6,000 a year earlier.

Pretax income fell 65 percent, to $342,000 from $975,000 a year ago.

Three months ended 3/31/92

.. .. .. Income.. .. .. .. .. .. Share

'92.. .. .. 606,000.. .. .. .. .. . 0.10

'91.. .. .. 815,000.. .. .. .. .. 0.14

% change.. .. - 25.6.. .. .. .. .. .. .- 28.5

.. .. .. .. Assets.. .. .. .. .. .. .Deposits

'92.. .. 1,622,018,000.. .. .. .. 1,203,698,000

'91.. .. .1,503,293,000.. .. .. .. 1,168,131,000

% change.. .. .. .. +7.9.. .. .. .. +3.0

Loan portfolio

Three months ended 3/31/92

Loans outstanding.. .. .. .. .. .. ..Net charge-offs

'91 631,761,000.. .. .. .. .. .. .. 1,870,000

'91 777,255,000.. .. .. .. .. .. .. 1,215,000

% change.. .8.7.. .. .. .. .. .. .. .+53.9

Addition to allowance.. .. .. .. .. ..Allowancefor loan losses.. .. .. .. .. .. .. for loan losses

'91 1,260,000.. .. .. . .. .. .. .. 18,829,000

'90 1,862,000.. .. .. .. .. .. .. 14,447,000

% change 32.3 +30.3

Avemco Corp.

Lower returns on investments overwhelmed increases in premiums for aviation and other insurance lines, pushing this Frederick-based insurance company's first-quarter earnings down 38 percent.

Avemco said yesterday that it earned $400,000 after taxes on investments in the first three months of 1992, down from the $3.2 million in the same period last year.

Avemco recorded $17.9 million in total premiums in the first quarter, up 20 percent from a year ago.

Three months ended 3/31/91

.. .. .. Revenue.. .. .. .. .. .. Net.. .. Share

'92.. .. 20,405,000.. .. .. .. .. ..3,706,000.. 0.32

'91.. .. 23,292,000.. .. .. .. .. .. 5,978,000.. 0.52

% change.. .. .. 12.4.. .. .. .. .. ..- 38.0 .. .. -38.5

Interstate General Co. L.P.

This St. Charles-based diversified real estate development company reversed a loss in 1990's fourth quarter, posting a profit in the same quarter last year.

Three months ended 12/31/91

.. .. .. ..Revenue.. .. .. .. .. .. .. Net.. .. .. .. .. Share

'91.. .. .. 11,314,000.. .. .. .. .. .. 243,000.. .. .. .. 0.02

'90.. .. .. 13,315,000.. .. .. .. .. .. (473,000).. .. ..(0.05)

% change.. .. .. .. 15.0.. .. .. .. .. .. --.. .. .. .. .. . --

Twelve months ended 12/31/91

.. .. .. ..Revenue.. .. .. .. .. .. .. .. Net.. .. .. .. ..Share

'91.. .. .. 47,808,000.. .. .. .. .. .. 476,000.. .. .. 0.05

'90.. .. .. .65,307,000.. .. .. .. .. .. 5,739,000.. .. .. 0.57

% change.. .. 26.8.. .. .. .. .. .. .. .. 91.7.. .. .. .. 91.2

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