HERITAGE BANKSHARES INC (HBKS) [Rocket]

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K	10-K	10-K/A
Interest income:
Interest income on loans	10.2	11.3	10.2
Interest income on investments	0.8	0.8	1.4
Interest income on repurchase agreements			0.0
	11.2	12.2	11.7	11,277.7	11,740.8	12,773.6
Interest expense:
Interest on deposits	0.9	1.2	1.4	2,076.1	3,476.3	5,198.5
Interest on borrowings	0.0	0.0	0.1	139.5	235.6	81.2
	0.9	1.2	1.4	2,215.6	3,711.9	5,279.7
Net interest income	12.2	13.4	13.1	9,062.1	8,028.8	7,493.9
Provision for loan losses	0.0	0.0	0.4	169.1	452.8	104.6
Net interest income after provision for loan losses	12.1	13.4	12.8	8,893.1	7,576.0	7,389.2
Deposit and loan fees	0.3	0.3	0.4	398.2	415.1	505.6
Gain on sale of investments, net	0.3	0.1	1.0
Other non-interest income	1.9	1.3	0.4	383.5	1,032.8
Total non-interest income	2.5	1.8	1.8	781.6	1,447.9	1,978.3
Non-interest expenses	8.2	8.3	8.5	8,081.8	7,984.8	7,968.2
Pre-tax income before non-recurring items	3.2	3.5	3.2	1,592.9	1,033.1	869.8
Non-recurring items					-6.0	-529.5
Pre-tax income	3.2	3.5	3.2	1,592.9	1,039.1	1,399.4
Income taxes	0.9	1.1	1.1	541.2	377.1	479.3
Tax rate	28.3%	32.4%	34.4%	34.0%	36.3%	34.3%
Net income	2.2	1.8	1.5	0.9	0.7	920.0
Net margin	15.0%	11.8%	10.3%	0.0%	0.0%	9.8%

Basic EPS	$0.96	$0.78	$0.65	$0.39	$0.29	$0.40
Diluted EPS	$0.94	$0.77	$0.65	$0.39	$0.29	$0.40

Shares outstanding (basic)	2.3	2.3	2.3	2.3	2.3	2,278.6
Shares outstanding (diluted)	2.3	2.3	2.3	2.3	2.3	2,278.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.