Bank Notes
2003 Earnings Rise 28%, Stock Dividend Declared
At $700,064, net income after tax for the year 2003 was up 28% vs. 2002. Diluted earnings per share were $0.66, or 18% higher than in 2002. At $273,661, net income after tax for the fourth quarter of 2003 was up 14% vs. the fourth quarter of 2002. Diluted earnings per share for the quarter were $0.23, compared with $0.24 in the same period last year.
The Board of Directors declared a 3% stock dividend payable on March 15, 2004, to stockholders of record at the close of business, March 1, 2004.
Help Yourself to Higher Interest
Sign up for Rewards BankingSM, our tiered interest account. Your interest rate rises each time your balance reaches a higher tier. Convert your current CBT checking accounts to Rewards Banking without changing checks or account numbers. To reach a higher tier, close a checking or savings account from another bank and add the proceeds to your Rewards Banking balance.
Martin G. Mand Joins Board of Directors
We're pleased to welcome Martin Mand, a former vice president and treasurer of the DuPont Company. He also served recently as executive vice president and chief financial officer of Nortel Networks and as a member of the Chairman's Office.
Martin currently serves on the board of Townsends, Inc., Wilmington, Delaware, and on the board of Mizuho Corporate Bank (U.S.A.), New York, New York, where he is chairman of the Audit Committee.
Imaginative Loans Done Quickly
Our lending officers excel in proposing funding solutions for unique situations, providing customized rates and terms and fast responses. Recent examples include a construction loan for a $1 million-plus residence, funds for the build-out of a state-of-the-art fitness facility and financing for physicians opening a second office. Direct your inquiries to Bob Dunn, vice president, at (302) 888-7408.
Certificate of Deposit Rates Have Increased
| Up to $100,000 | Over $100,000 | |
| 3 months | 1.00% | 1.05% |
| 6 months | 1.05% | 1.10% |
| 1 year | 1.25% | 1.45% |
| 2 years | 1.75% | 1.80% |
For more information call our Personal Bankers at (302) 421-5800 or visit us at www.christianabank.com.
Our Stock Symbol
CBTD. Quotations can be found on the OTC Bulletin Board.