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<a href="http://www.accessmylibrary.com/coms2/summary_0286-20169141_ITM" title="Facts and information about DutchFork Bancshares, Inc. First Quarter Earnings.">DutchFork Bancshares, Inc. First Quarter Earnings.</a>

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DutchFork Bancshares, Inc. First Quarter Earnings.

Business Wire

| January 30, 2004 | COPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business Editors

NEWBERRY, S.C.--(BUSINESS WIRE)--Jan. 30, 2004

DutchFork Bancshares, Inc. (NASDAQ: DFBS) announced earnings of $721,213 for the first quarter ending December 31, 2003 compared to earnings of $566,441 for the first quarter of 2002.

Basic earnings per share were $0.73 for the first quarter ending December 31, 2003 compared to $0.53 for the comparable period in 2002.

Net interest income after provisions for loan losses for the first quarter of 2003 was $1,952,952 compared to $1,343,420 for the same period of 2002. Total interest income was $3,023,026 for the three months ended December 31, 2003, a $303,151 increase from the same period in 2002 due to asset restructuring. Interest expense for the first quarter of 2003 was $1,070,724, a decrease of $306,381 from the same period of 2002 due to decreases in funding costs.

Non-interest income for the first quarter of 2003 was $266,909 representing a decrease of $381,296 from the $648,205 posted in the same quarter of 2002 due to decreases in gains on sales of securities. Non-interest expense for the quarter ending December 31, 2003 was $1,409,460 compared to $1,352,872 for the same period of 2002.

At December 31, 2003, total assets were $225,585,173 compared to $235,053,359 at September 30, 2003.

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Source: HighBeam Research, DutchFork Bancshares, Inc. First Quarter Earnings.