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Chanel Coco Cocoon Quilted Nylon Medium ToteThe style of this Chanel Coco Cocoon Quilted Nylon Medium Tote is casual, simple and fashionable, and its spacious design makes it worth the price! To have such an amazing bag is to have fun.Size: 14" x 11" x 4.5"  - Puffed horizontal quilting - Purple nylon material - Ruthenium hardware - Soft leather hanldes, 7" drop - Interior zipped pocket - Gold nylon lining Each Chanel Coco Coccon Quilted Nylon Medium Tote includes a serial number and Chanel logo, Chanel dust bag, Chanel authenticity card, Chanel care booklet, and Chanel tag. You can rest assure with all the descriptions as they are exact.Product ID: 47096PLColor: Purple



















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New Hampshire Thrift Bancshares, Inc. Announces Earnings for Second Quarter of 2014
New Hampshire Thrift Bancshares
July 11, 2014 4:20 PM
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new balance NEWPORT, NH--(Marketwired - Jul 11, 2014) -  New Hampshire Thrift Bancshares, Inc. ("we," "us," "our" or the "Company") ( NASDAQ : NHTB ), the holding company for Lake Sunapee Bank, fsb (the "Bank"), today reported consolidated net income for the six months ended June 30, 2014 of $4.5 million, or $0.53 diluted earnings per common share, compared to $3.8 million, or $0.52 diluted earnings per common share, for same period in 2013, an increase of $638 thousand, or 16.58%. For the quarter ended June 30, 2014, we reported consolidated net income of $2.3 million, or $0.28 diluted earnings per common share, compared to $1.8 million, or $0.25 diluted earnings per common share, for the quarter ended June 30, 2013, an increase of $544 thousand, or 30.27%.
new balance shoes "The financial results for the second quarter of 2014 reflect strong loan growth, due in part to our expanded footprint, which now extends from Nashua in southern New Hampshire to Randolph in central Vermont," President and Chief Executive Officer, Steve Theroux, commented. "As the refinance market waned, we shifted our emphasis to the purchase mortgage and commercial real estate markets, which has produced increased interest income to help offset the decrease of approximately $1.4 million in mortgage banking fees for the first six months of 2014. Additionally, fees generated through our wealth management and insurance subsidiaries continue to incrementally add to non-interest income."
new balance shoes Financial Highlights
Total assets increased $67.4 million, or 4.73%, to $1.5 billion at June 30, 2014 from $1.4 billion at December 31, 2013.
Net loans increased $67.3 million, or 5.93%, to $1.2 billion at June 30, 2014 from $1.1 billion at December 31, 2013.
During the six months ended June 30, 2014, the Company originated $190.8 million in loans, an increase of 7.49%, compared to $177.5 million during the same period in 2013. During the quarter ended June 30, 2014, we originated $110.9 million in loans, an increase of 11.12%, compared to $99.8 million during the same period in 2013.
Our loan servicing portfolio was $408.0 million at June 30, 2014, compared to $417.3 million at December 31, 2013.
Total deposits increased $23.1 million, or 2.12%, to $1.1 billion at June 30, 2014 from $1.1 billion at December 31, 2013.
Net interest and dividend income for the six months ended June 30, 2014 was $20.9 million compared to $16.0 million for the same period in 2013. Net interest and dividend income for the three months ended June 30, 2014 was $10.7 million compared to $7.8 million for the same period in 2013.
Net income available to common stockholders was $4.4 million for the six months ended June 30, 2014, compared to $3.7 million for the same period in 2013. Net income available to common stockholders was $2.3 million for the three months ended June 30, 2014, compared to $1.7 million for the same period in 2013.
As a percentage of total loans, non-performing loans decreased to 1.47% at June 30, 2014 from 1.86% at December 31, 2013.
new balance outlet Earnings Summary for the Six Months Ended June 30, 2014
new balance outlet Net income of $4.4 million for the six months ended June 30, 2014 represents the combined impacts of a changing revenue landscape for us. Net interest and dividend income, our core source of earnings, increased $5.0 million for the six months ended June 30, 2014, compared to the same period in 2013. This increase represents the combined impact of our acquisition of Randolph National Bank in October 2013 and our origination and organic portfolio growth, as well as the additional the benefits of our improving spreads and our cost of funds management.
new balance The provision for loan losses increased $133 thousand to $709 thousand required based on adequacy calculations for the six months ended June 30, 2014, compared to $576 thousand for the same period in 2013.
Noninterest income increased $3.0 million, or 44.99%, to $9.5 million for the six months ended June 30, 2014, compared to $6.6 million for the same period in 2013. Within noninterest income, we can more clearly see the manifestation of the previously referenced changing revenue landscape. In recent years, we have recognized revenue within our mortgage banking operations as a result of the high volume of refinance activity into long-term fixed-rate mortgages, which we typically sell into the secondary market while retaining servicing for fee revenue and customer relationships. Additionally, markets during recent years have been favorable to providing opportunities within our investment portfolio. With the increases in long-term market rates, which began in the summer of 2013, these opportunities have waned and the anticipated impacts have been realized as we disclose lower net gains on sales of loans and sales of securities. Net gains on sales of loans decreased $1.4 million, or 89.43%, to $170 thousand for the six months ended June 30, 2014, compared to the same period in 2013. This is primarily driven by a change in volume from $63.4 million of loans sold in the six months ended June 30, 2013, compared to $12.7 million for the same period in 2014, a decrease of $50.7 million, or 79.93%. Gains on sales of securities, net, decreased $338 thousand, or 43.28%, to $443 thousand for the six month period ended June 30, 2014, compared to $781 thousand for the same period in 2014. 
While we have seen some revenue streams decline, we have increased others. The most significant addition to noninterest income is $4.2 million from trust and investment management fees representing revenue from our subsidiary, Charter Trust Company. This represents an increase of $3.9 million over our realized income from our 50% ownership of Charter Trust Company for the six month period ended June 30, 2013. We completed the acquisition of Charter Holding Corp., the holding company of Charter Trust Company, in September 2013. 
Noninterest expense increased $7.1 million, or 43.27%, to $23.4 million for the six months ended June 30, 2014, compared to $16.3 million for the same period in 2013. Within noninterest expense, salaries and employee benefits increased $3.7 million, or 44.03%, to $12.1 million for the six months ended June 30, 2014, compared to $8.4 million for the same period in 2013. This increase includes expenses related to additional staff and operations for Charter Trust Company and The Randolph National Bank and its eight branches, which represent over 70% of the increase in salaries and employees benefits. Occupancy expense increased $851 thousand, or 39.95%, to $3.0 million for the six month period ended June 30, 2014, compared to $2.1 million for the same period in 2013. The occupancy expenses from Charter Holding Corp. and former The Randolph National Bank branches represent $357 thousand and $537 thousand, respectively. Depositors' insurance increased $162 thousand, or 42.74%, due to the growth in deposits comparing June 30, 2014 to June 30, 2013. The increase of $693 thousand in outside services for the six months ended June 30, 2014, compared to the same period in 2013 includes $449 thousand related to Charter Trust Company operations and increases of $82 thousand related to our core processing provider and $47 thousand related to statement rendering, an increase of 81.14%, which is primarily related to newly introduced regulations that required us to provide monthly statements for all conventional mortgage accounts beginning in January 2014 . Amortization of intangible assets increased $489 thousand, or 128.68%, to $869 thousand for the six months ended June 30, 2014, compared to $380 thousand for the same period in 2013 due to the additional core deposit intangible from the acquisition of The Randolph National Bank and the customer list intangible from the acquisition of Charter Holding Corp. Other expenses increased $588 thousand to $3.1 million for the six months ended June 30, 2014, including $370 thousand from Charter Trust Company operations and an increase of $128 thousand in contributions, including an increase of $105 in tax-qualified contributions.
Balance Sheet Summary as of June 30, 2014
Total assets were $1.5 billion at June 30, 2014, compared to $1.4 billion at December 31, 2013, an increase of $67.4 million, or 4.73%. Securities available-for-sale decreased $13.7 million to $111.6 million at June 30, 2014, from $125.2 million at December 31, 2013. Net loans held in portfolio increased $67.3 million, or 5.93%, to $1.2 billion at June 30, 2014, from $1.1 billion at December 31, 2013. Conventional real estate loans increased $37.0 million and commercial real estate loans increased $24.8 million, representing 54.97% and 36.86%, respectively, of the net loan growth. The allowance for loan losses was $9.8 million at June 30, 2014, compared to $9.8 million at December 31, 2013. The change of $46 thousand in the allowance for loan losses is the net effect of provisions of $709 thousand, charge-offs of $948 thousand and recoveries of $294 thousand in addition to net charge-offs of $13 thousand to the reserve for the overdraft protection program. Additionally, the Bank had a credit mark of $6.1 million at June 30, 2014 related to acquired loan balances of $174.8 million. During the six months ended June 30, 2014, we originated $190.8 million in loans, an increase of 7.49%, compared to $177.5 million during the same period in 2013. During the quarter ended June 30, 2014, we originated $110.9 million in loans, an increase of 11.12%, compared to $99.8 million during the same period in 2013.
Goodwill increased $191 thousand, or 0.43%, to $44.8 million at June 30, 2014, from $44.6 million at December 31, 2013. Intangible assets decreased $869 thousand, or 7.89%, to $10.2 million at June 30, 2014, compared to $11.0 million at December 31, 2013. This reflects ordinary amortizations of intangible assets of $869 thousand during the six months ended June 30, 2014.
Total deposits increased $23.1 million, or 2.12%, to $1.1 billion at June 30, 2014, from $1.1 billion at December 31, 2013, including an increase of $30.2 million in brokered deposits used in conjunction with additional advances to fund loan growth. Advances from the Federal Home Loan Bank increased $49.3 million, or 40.46%, to $171.0 million at June 30, 2014, from $121.7 million at December 31, 2013. Securities sold under agreements to repurchase decreased $7.0 million, or 25.26%, to $20.8 million at June 30, 2014 from $27.9 million at December 31, 2013.
Stockholders' equity of $152.8 million resulted in a book value of $15.74 per common share at June 30, 2014 based on 8,241,228 shares of common stock outstanding. The Bank remains well capitalized with a Leverage Capital ratio of 8.15% at June 30, 2014.
Quarterly Dividend
On July 10, 2014, we declared a regular quarterly cash dividend of $0.13 per share payable July 31, 2014 to stockholders of record as of July 24, 2014. 
About New Hampshire Thrift Bancshares, Inc. New Hampshire Thrift Bancshares, Inc. is the holding company of Lake Sunapee Bank, fsb, a federally chartered savings bank that provides a wide range of life-cycle banking and financial services. Lake Sunapee Bank has four wholly owned subsidiaries: Lake Sunapee Financial Services Corp.; Lake Sunapee Group, Inc., which owns and maintains all buildings and investment properties; McCrillis & Eldredge Insurance, Inc., a full-line independent insurance agency; and Charter Holding Corp., which wholly owns Charter Trust Company, a trust services and wealth management company. New Hampshire Thrift Bancshares, Inc., through its direct and indirect subsidiaries, operates 29 offices in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties and 18 offices in Vermont in Orange, Rutland and Windsor counties. Forward-Looking Statements
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. The Company and Lake Sunapee Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
 
New Hampshire Thrift Bancshares, Inc.
Selected Financial Highlights
 
 
 
Three Months
 
 
Six Months
 
(Dollars in thousands except   
 
Ended June 30,
 
 
Ended June 30,
 
for per share data)
 
2014
 
 
2013
 
 
2014
 
 
2013
 
Net Income
 
$
2,342
 
 
$
1,797
 
 
$
4,485
 
 
$
3,847
 
Per Common Share Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Earnings
 
 
0.28
 
 
 
0.25
 
 
 
0.53
 
 
 
0.52
 
 
Diluted Earnings (1)
 
 
0.28
 
 
 
0.25
 
 
 
0.53
 
 
 
0.52
 
 
Dividends Paid
 
 
0.13
 
 
 
0.13
   
 
0.26
 
 
 
0.26
 
 
Dividend Payout Ratio
 
 
46.43
%
 
 
52.00
%
 
 
49.06
%
 
 
50.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
(Dollars in thousands except
 
June 30,
 
 
December 31,
 
for per share data)
 
  2014
 
 
  2013
 
Total Assets
 
$
1,491,269
 
 
$
1,423,870
 
Total Securities (2)
 
 
123,690
 
 
 
134,998
 
Loans, Net
 
 
1,201,357
 
 
 
1,134,110
 
Total Deposits
 
 
1,111,240
 
 
 
1,088,092
 
Federal Home Loan Bank Advances
 
 
170,988
 
 
 
121,734
 
Stockholders' Equity
 
 
152,756
 
 
 
149,257
 
Book Value per Common Share
 
$
15.74  
 
$
15.37
 
Common Shares Outstanding
 
 
8,241,228
 
 
 
8,216,747
 
 
 
 
 
 
 
 
 
 
Leverage (Tier I) Capital
 
 
8.15
%
 
 
8.29
%
 
 
 
 
 
 
 
 
 
Number of Offices:
 
 
 
 
 
 
 
 
 
Banking Offices
 
 
38
 
 
 
38
 
 
Insurance Offices
 
 
3
 
 
 
3
 
 
Trust Offices
 
 
7
 
 
 
6
 
 
 
 
 
 
 
 
 
 
 
(1)
Diluted earnings per share are calculated using the weighted-average number of shares outstanding for the period, including common stock equivalents, as appropriate.
(2)
Includes available-for-sale securities shown at fair value and Federal Home Loan Bank stock at cost.
 
New Hampshire Thrift Bancshares, Inc.
Consolidated Balance Sheets
 
 
 
June 30,
 
 
December 31,
 
(Dollars in thousands)
 
2014
 
 
2013
 
ASSETS
 
(Unaudited)
   
 
 
Cash and due from banks
 
$
43,662
 
 
$
12,005
 
Overnight deposits
 
 
-
 
 
 
21,573
 
 
Cash and cash equivalents
 
 
43,662
 
 
 
33,578
 
Interest-bearing time deposits with other banks
 
 
996
 
 
 
1,743
 
Securities available-for-sale
 
 
111,554
 
 
 
125,238
 
Federal Home Loan Bank stock
 
 
12,136
 
 
 
9,760
 
Loans held-for-sale
 
 
1,335
 
 
 
680
 
Loans receivable, net
 
 
1,201,357
 
 
 
1,134,110
 
Accrued interest receivable
 
 
3,438
 
 
 
2,628
 
Premises and equipment, net
 
 
24,655
 
 
 
23,842
 
Investments in real estate
 
 
3,607
 
 
 
3,681
 
Other real estate owned
 
 
297
 
 
 
1,343
 
Goodwill
 
 
44,823
 
 
  44,632
 
Intangible assets
 
 
10,151
 
 
 
11,020
 
Bank owned life insurance
 
 
19,863
 
 
 
19,544
 
Other assets
 
 
13,395
 
 
 
12,071
 
 
Total assets
 
$
1,491,269
 
 
$
1,423,870
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
 
 
 
Deposits:
 
 
 
 
 
 
 
 
 
Noninterest-bearing
 
$
101,517
 
 
$
101,446
 
 
Interest-bearing
 
 
1,009,723
 
 
 
986,646
 
 
 
Total deposits
 
 
1,111,240
 
 
 
1,088,092
 
Federal Home Loan Bank advances
 
 
170,988
 
 
 
121,734
 
Securities sold under agreements to repurchase
 
  20,840
 
 
 
27,885
 
Subordinated debentures
 
 
20,620
 
 
 
20,620
 
Accrued expenses and other liabilities
 
 
14,825
 
 
 
16,282
 
 
 
Total liabilities
 
 
1,338,513
 
 
 
1,274,613
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Preferred stock, $.01 par value per share: 2,500,000 shares authorized, non-cumulative perpetual Series B; 23,000 shares issued and outstanding at June 30, 2014 and December 31, 2013; liquidation value $1,000 per share
 
 
-
 
 
 
-
 
 
Common stock, $.01 par value per share: 10,000,000 shares authorized, 8,675,557 shares issued and 8,241,228 shares outstanding at June 30, 2014 and 8,651,076 shares issued and 8,216,747 shares outstanding at December 31, 2013
 
 
87
 
 
 
87
 
 
Warrants
 
 
-
 
 
 
-
 
 
Paid-in capital
 
 
101,316
 
 
 
100,961
 
 
Retained earnings
 
 
60,580
 
 
 
58,347
 
 
Unearned restricted stock awards
 
 
(598
)
 
 
(490
)
 
Accumulated other comprehensive loss
 
 
(1,878 )
 
 
(2,897
)
 
Treasury stock, 434,329 shares as of June 30, 2014 and December 31, 2013, at cost
 
 
(6,751
)
 
 
(6,751
)
 
Total stockholders' equity
 
 
152,756
 
 
 
149,257
 
 
Total liabilities and stockholders' equity
 
$
1,491,269
 
 
$
1,423,870
 
 
 
 
 
 
 
 
 
 
 
 
New Hampshire Thrift Bancshares, Inc.
Consolidated Statements of Income (unaudited)
 
 
 
Three Months Ended
 
 
Six Months Ended
(Dollars in thousands,  
 
June 30,
 
June 30,
 
 
June 30,
 
June 30,
except for per share data)
 
2014
 
2013
 
 
2014
 
2013
Interest and dividend income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fees on loans
 
$
11,635
 
$
9,024
 
 
$
22,985
 
$
18,205
 
Interest on debt investments:
 
 
 
 
 
   
 
 
 
 
 
 
 
 
Taxable
 
 
395
 
 
286
 
 
 
720
 
 
810
 
Dividends
 
 
46
 
 
10
 
 
 
81
 
 
23
 
Other
 
 
178
 
 
212
 
 
 
348
 
 
351
 
 
Total interest and dividend income
 
 
12,254
 
 
9,532
 
 
 
24,134
 
 
19,389
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest on deposits
 
 
1,068
 
 
1,081
 
 
 
2,170
 
 
2,106
 
Interest on advances and other borrowed money
 
 
523
 
 
633
   
 
1,048
 
 
1,317
 
 
Total interest expense
 
 
1,591
 
 
1,714
 
 
 
3,218
 
 
3,423
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest and dividend income
 
 
10,663
 
 
7,818
 
 
 
20,916
 
 
15,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for loan losses
 
 
709
 
 
162
 
 
 
709
 
 
576
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest and dividend income after provision for loan losses
 
 
9,954
 
 
7,656
 
 
 
20,207
 
 
15,390
 
 
 
 
 
 
 
   
 
 
 
 
 
Noninterest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer service fees
 
 
1,539
 
 
1,266
 
 
 
2,977
 
 
2,452
 
Gain on sales of securities, net
 
 
435
 
 
614
 
 
 
443
 
 
781
 
Net gain on sales of loans
 
 
118
 
 
675
 
 
 
170
 
 
1,608
 
Net gain on sales of premises and equipment
 
 
10
 
 
4
 
 
 
12
 
 
4
 
Net loss on other real estate and property owned
 
 
197
 
 
25
 
 
 
195
 
 
25
 
Rental income
 
 
172
 
 
185
 
 
 
347
 
 
368
 
Bank owned life insurance income
 
 
153
 
 
148
 
 
 
302
 
 
276
 
Income from equity interest in Charter Holding Corp.  
 
-
 
 
143
 
 
 
-
 
 
241
 
Mortgage servicing income, net of amortization of mortgage servicing rights
 
 
54
 
 
(14
)
 
 
133
 
 
1
 
Insurance and brokerage service income
 
 
318
 
 
334
 
 
 
802
 
 
819
 
Trust fees
 
 
2,076
 
 
-
 
 
 
4,152
 
 
-
 
 
Total noninterest income
 
 
5,072
 
 
3,380
 
 
 
9,533
 
 
6,575
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
6,091
 
 
4,101
 
 
 
12,093
 
 
8,396
 
Occupancy expenses
 
 
1,403  
 
1,054
 
 
 
2,981
 
 
2,130
 
Advertising and promotion
 
 
281
 
 
213
 
 
 
436
 
 
312
 
Depositors' insurance
 
 
270
 
 
202
 
 
 
541
 
 
379
 
Outside services
 
 
658
 
 
349
 
 
 
1,361
 
 
668
 
Professional services
 
 
447
 
 
317
 
 
 
719
 
 
653
 
ATM processing fees
 
 
199
 
 
162
 
 
 
420
 
 
313
 
Supplies
 
 
134
 
 
121
 
 
 
298
 
 
250
 
Telephone expense
 
 
271
 
 
172
 
 
 
566
 
 
335
 
Amortization of intangible assets
 
 
434
 
 
188
 
 
 
869
 
  380
 
Other expenses
 
 
1,502
 
 
1,379
 
 
 
3,078
 
 
2,490
 
 
Total noninterest expense
 
 
11,690
 
 
8,258
 
 
 
23,362
 
 
16,306
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
 
 
3,336
 
 
2,778
 
 
 
6,378
 
 
5,659
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
 
994
 
 
981
 
 
 
1,893
 
 
1,812
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
2,342
 
$
1,797
 
 
$
4,485
 
$ 3,847
Net income available to common stockholders
 
$
2,285
 
$
1,740
 
 
$
4,370
 
$
3,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financials Industry Company Earnings
Contact:
For additional information contact: Laura Jacobi First Senior Vice President Chief Financial Officer 603-863-0886
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New Hampshire Thrift Bancshares, Inc. Announces Earnings for Second Quarter of 2014
New Hampshire Thrift Bancshares
July 11, 2014 4:20 PM
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new balance NEWPORT, NH--(Marketwired - Jul 11, 2014) -  New Hampshire Thrift Bancshares, Inc. ("we," "us," "our" or the "Company") ( NASDAQ : NHTB ), the holding company for Lake Sunapee Bank, fsb (the "Bank"), today reported consolidated net income for the six months ended June 30, 2014 of $4.5 million, or $0.53 diluted earnings per common share, compared to $3.8 million, or $0.52 diluted earnings per common share, for same period in 2013, an increase of $638 thousand, or 16.58%. For the quarter ended June 30, 2014, we reported consolidated net income of $2.3 million, or $0.28 diluted earnings per common share, compared to $1.8 million, or $0.25 diluted earnings per common share, for the quarter ended June 30, 2013, an increase of $544 thousand, or 30.27%.
new balance shoes "The financial results for the second quarter of 2014 reflect strong loan growth, due in part to our expanded footprint, which now extends from Nashua in southern New Hampshire to Randolph in central Vermont," President and Chief Executive Officer, Steve Theroux, commented. "As the refinance market waned, we shifted our emphasis to the purchase mortgage and commercial real estate markets, which has produced increased interest income to help offset the decrease of approximately $1.4 million in mortgage banking fees for the first six months of 2014. Additionally, fees generated through our wealth management and insurance subsidiaries continue to incrementally add to non-interest income."
new balance shoes Financial Highlights
Total assets increased $67.4 million, or 4.73%, to $1.5 billion at June 30, 2014 from $1.4 billion at December 31, 2013.
Net loans increased $67.3 million, or 5.93%, to $1.2 billion at June 30, 2014 from $1.1 billion at December 31, 2013.
During the six months ended June 30, 2014, the Company originated $190.8 million in loans, an increase of 7.49%, compared to $177.5 million during the same period in 2013. During the quarter ended June 30, 2014, we originated $110.9 million in loans, an increase of 11.12%, compared to $99.8 million during the same period in 2013.
Our loan servicing portfolio was $408.0 million at June 30, 2014, compared to $417.3 million at December 31, 2013.
Total deposits increased $23.1 million, or 2.12%, to $1.1 billion at June 30, 2014 from $1.1 billion at December 31, 2013.
Net interest and dividend income for the six months ended June 30, 2014 was $20.9 million compared to $16.0 million for the same period in 2013. Net interest and dividend income for the three months ended June 30, 2014 was $10.7 million compared to $7.8 million for the same period in 2013.
Net income available to common stockholders was $4.4 million for the six months ended June 30, 2014, compared to $3.7 million for the same period in 2013. Net income available to common stockholders was $2.3 million for the three months ended June 30, 2014, compared to $1.7 million for the same period in 2013.
As a percentage of total loans, non-performing loans decreased to 1.47% at June 30, 2014 from 1.86% at December 31, 2013.
new balance outlet Earnings Summary for the Six Months Ended June 30, 2014
new balance outlet Net income of $4.4 million for the six months ended June 30, 2014 represents the combined impacts of a changing revenue landscape for us. Net interest and dividend income, our core source of earnings, increased $5.0 million for the six months ended June 30, 2014, compared to the same period in 2013. This increase represents the combined impact of our acquisition of Randolph National Bank in October 2013 and our origination and organic portfolio growth, as well as the additional the benefits of our improving spreads and our cost of funds management.
new balance The provision for loan losses increased $133 thousand to $709 thousand required based on adequacy calculations for the six months ended June 30, 2014, compared to $576 thousand for the same period in 2013.
Noninterest income increased $3.0 million, or 44.99%, to $9.5 million for the six months ended June 30, 2014, compared to $6.6 million for the same period in 2013. Within noninterest income, we can more clearly see the manifestation of the previously referenced changing revenue landscape. In recent years, we have recognized revenue within our mortgage banking operations as a result of the high volume of refinance activity into long-term fixed-rate mortgages, which we typically sell into the secondary market while retaining servicing for fee revenue and customer relationships. Additionally, markets during recent years have been favorable to providing opportunities within our investment portfolio. With the increases in long-term market rates, which began in the summer of 2013, these opportunities have waned and the anticipated impacts have been realized as we disclose lower net gains on sales of loans and sales of securities. Net gains on sales of loans decreased $1.4 million, or 89.43%, to $170 thousand for the six months ended June 30, 2014, compared to the same period in 2013. This is primarily driven by a change in volume from $63.4 million of loans sold in the six months ended June 30, 2013, compared to $12.7 million for the same period in 2014, a decrease of $50.7 million, or 79.93%. Gains on sales of securities, net, decreased $338 thousand, or 43.28%, to $443 thousand for the six month period ended June 30, 2014, compared to $781 thousand for the same period in 2014. 
While we have seen some revenue streams decline, we have increased others. The most significant addition to noninterest income is $4.2 million from trust and investment management fees representing revenue from our subsidiary, Charter Trust Company. This represents an increase of $3.9 million over our realized income from our 50% ownership of Charter Trust Company for the six month period ended June 30, 2013. We completed the acquisition of Charter Holding Corp., the holding company of Charter Trust Company, in September 2013. 
Noninterest expense increased $7.1 million, or 43.27%, to $23.4 million for the six months ended June 30, 2014, compared to $16.3 million for the same period in 2013. Within noninterest expense, salaries and employee benefits increased $3.7 million, or 44.03%, to $12.1 million for the six months ended June 30, 2014, compared to $8.4 million for the same period in 2013. This increase includes expenses related to additional staff and operations for Charter Trust Company and The Randolph National Bank and its eight branches, which represent over 70% of the increase in salaries and employees benefits. Occupancy expense increased $851 thousand, or 39.95%, to $3.0 million for the six month period ended June 30, 2014, compared to $2.1 million for the same period in 2013. The occupancy expenses from Charter Holding Corp. and former The Randolph National Bank branches represent $357 thousand and $537 thousand, respectively. Depositors' insurance increased $162 thousand, or 42.74%, due to the growth in deposits comparing June 30, 2014 to June 30, 2013. The increase of $693 thousand in outside services for the six months ended June 30, 2014, compared to the same period in 2013 includes $449 thousand related to Charter Trust Company operations and increases of $82 thousand related to our core processing provider and $47 thousand related to statement rendering, an increase of 81.14%, which is primarily related to newly introduced regulations that required us to provide monthly statements for all conventional mortgage accounts beginning in January 2014 . Amortization of intangible assets increased $489 thousand, or 128.68%, to $869 thousand for the six months ended June 30, 2014, compared to $380 thousand for the same period in 2013 due to the additional core deposit intangible from the acquisition of The Randolph National Bank and the customer list intangible from the acquisition of Charter Holding Corp. Other expenses increased $588 thousand to $3.1 million for the six months ended June 30, 2014, including $370 thousand from Charter Trust Company operations and an increase of $128 thousand in contributions, including an increase of $105 in tax-qualified contributions.
Balance Sheet Summary as of June 30, 2014
Total assets were $1.5 billion at June 30, 2014, compared to $1.4 billion at December 31, 2013, an increase of $67.4 million, or 4.73%. Securities available-for-sale decreased $13.7 million to $111.6 million at June 30, 2014, from $125.2 million at December 31, 2013. Net loans held in portfolio increased $67.3 million, or 5.93%, to $1.2 billion at June 30, 2014, from $1.1 billion at December 31, 2013. Conventional real estate loans increased $37.0 million and commercial real estate loans increased $24.8 million, representing 54.97% and 36.86%, respectively, of the net loan growth. The allowance for loan losses was $9.8 million at June 30, 2014, compared to $9.8 million at December 31, 2013. The change of $46 thousand in the allowance for loan losses is the net effect of provisions of $709 thousand, charge-offs of $948 thousand and recoveries of $294 thousand in addition to net charge-offs of $13 thousand to the reserve for the overdraft protection program. Additionally, the Bank had a credit mark of $6.1 million at June 30, 2014 related to acquired loan balances of $174.8 million. During the six months ended June 30, 2014, we originated $190.8 million in loans, an increase of 7.49%, compared to $177.5 million during the same period in 2013. During the quarter ended June 30, 2014, we originated $110.9 million in loans, an increase of 11.12%, compared to $99.8 million during the same period in 2013.
Goodwill increased $191 thousand, or 0.43%, to $44.8 million at June 30, 2014, from $44.6 million at December 31, 2013. Intangible assets decreased $869 thousand, or 7.89%, to $10.2 million at June 30, 2014, compared to $11.0 million at December 31, 2013. This reflects ordinary amortizations of intangible assets of $869 thousand during the six months ended June 30, 2014.
Total deposits increased $23.1 million, or 2.12%, to $1.1 billion at June 30, 2014, from $1.1 billion at December 31, 2013, including an increase of $30.2 million in brokered deposits used in conjunction with additional advances to fund loan growth. Advances from the Federal Home Loan Bank increased $49.3 million, or 40.46%, to $171.0 million at June 30, 2014, from $121.7 million at December 31, 2013. Securities sold under agreements to repurchase decreased $7.0 million, or 25.26%, to $20.8 million at June 30, 2014 from $27.9 million at December 31, 2013.
Stockholders' equity of $152.8 million resulted in a book value of $15.74 per common share at June 30, 2014 based on 8,241,228 shares of common stock outstanding. The Bank remains well capitalized with a Leverage Capital ratio of 8.15% at June 30, 2014.
Quarterly Dividend
On July 10, 2014, we declared a regular quarterly cash dividend of $0.13 per share payable July 31, 2014 to stockholders of record as of July 24, 2014. 
About New Hampshire Thrift Bancshares, Inc. New Hampshire Thrift Bancshares, Inc. is the holding company of Lake Sunapee Bank, fsb, a federally chartered savings bank that provides a wide range of life-cycle banking and financial services. Lake Sunapee Bank has four wholly owned subsidiaries: Lake Sunapee Financial Services Corp.; Lake Sunapee Group, Inc., which owns and maintains all buildings and investment properties; McCrillis & Eldredge Insurance, Inc., a full-line independent insurance agency; and Charter Holding Corp., which wholly owns Charter Trust Company, a trust services and wealth management company. New Hampshire Thrift Bancshares, Inc., through its direct and indirect subsidiaries, operates 29 offices in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties and 18 offices in Vermont in Orange, Rutland and Windsor counties. Forward-Looking Statements
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. The Company and Lake Sunapee Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
 
New Hampshire Thrift Bancshares, Inc.
Selected Financial Highlights
 
 
 
Three Months
 
 
Six Months
 
(Dollars in thousands except   
 
Ended June 30,
 
 
Ended June 30,
 
for per share data)
 
2014
 
 
2013
 
 
2014
 
 
2013
 
Net Income
 
$
2,342
 
 
$
1,797
 
 
$
4,485
 
 
$
3,847
 
Per Common Share Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Earnings
 
 
0.28
 
 
 
0.25
 
 
 
0.53
 
 
 
0.52
 
 
Diluted Earnings (1)
 
 
0.28
 
 
 
0.25
 
 
 
0.53
 
 
 
0.52
 
 
Dividends Paid
 
 
0.13
 
 
 
0.13
   
 
0.26
 
 
 
0.26
 
 
Dividend Payout Ratio
 
 
46.43
%
 
 
52.00
%
 
 
49.06
%
 
 
50.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
(Dollars in thousands except
 
June 30,
 
 
December 31,
 
for per share data)
 
  2014
 
 
  2013
 
Total Assets
 
$
1,491,269
 
 
$
1,423,870
 
Total Securities (2)
 
 
123,690
 
 
 
134,998
 
Loans, Net
 
 
1,201,357
 
 
 
1,134,110
 
Total Deposits
 
 
1,111,240
 
 
 
1,088,092
 
Federal Home Loan Bank Advances
 
 
170,988
 
 
 
121,734
 
Stockholders' Equity
 
 
152,756
 
 
 
149,257
 
Book Value per Common Share
 
$
15.74  
 
$
15.37
 
Common Shares Outstanding
 
 
8,241,228
 
 
 
8,216,747
 
 
 
 
 
 
 
 
 
 
Leverage (Tier I) Capital
 
 
8.15
%
 
 
8.29
%
 
 
 
 
 
 
 
 
 
Number of Offices:
 
 
 
 
 
 
 
 
 
Banking Offices
 
 
38
 
 
 
38
 
 
Insurance Offices
 
 
3
 
 
 
3
 
 
Trust Offices
 
 
7
 
 
 
6
 
 
 
 
 
 
 
 
 
 
 
(1)
Diluted earnings per share are calculated using the weighted-average number of shares outstanding for the period, including common stock equivalents, as appropriate.
(2)
Includes available-for-sale securities shown at fair value and Federal Home Loan Bank stock at cost.
 
New Hampshire Thrift Bancshares, Inc.
Consolidated Balance Sheets
 
 
 
June 30,
 
 
December 31,
 
(Dollars in thousands)
 
2014
 
 
2013
 
ASSETS
 
(Unaudited)
   
 
 
Cash and due from banks
 
$
43,662
 
 
$
12,005
 
Overnight deposits
 
 
-
 
 
 
21,573
 
 
Cash and cash equivalents
 
 
43,662
 
 
 
33,578
 
Interest-bearing time deposits with other banks
 
 
996
 
 
 
1,743
 
Securities available-for-sale
 
 
111,554
 
 
 
125,238
 
Federal Home Loan Bank stock
 
 
12,136
 
 
 
9,760
 
Loans held-for-sale
 
 
1,335
 
 
 
680
 
Loans receivable, net
 
 
1,201,357
 
 
 
1,134,110
 
Accrued interest receivable
 
 
3,438
 
 
 
2,628
 
Premises and equipment, net
 
 
24,655
 
 
 
23,842
 
Investments in real estate
 
 
3,607
 
 
 
3,681
 
Other real estate owned
 
 
297
 
 
 
1,343
 
Goodwill
 
 
44,823
 
 
  44,632
 
Intangible assets
 
 
10,151
 
 
 
11,020
 
Bank owned life insurance
 
 
19,863
 
 
 
19,544
 
Other assets
 
 
13,395
 
 
 
12,071
 
 
Total assets
 
$
1,491,269
 
 
$
1,423,870
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
 
 
 
Deposits:
 
 
 
 
 
 
 
 
 
Noninterest-bearing
 
$
101,517
 
 
$
101,446
 
 
Interest-bearing
 
 
1,009,723
 
 
 
986,646
 
 
 
Total deposits
 
 
1,111,240
 
 
 
1,088,092
 
Federal Home Loan Bank advances
 
 
170,988
 
 
 
121,734
 
Securities sold under agreements to repurchase
 
  20,840
 
 
 
27,885
 
Subordinated debentures
 
 
20,620
 
 
 
20,620
 
Accrued expenses and other liabilities
 
 
14,825
 
 
 
16,282
 
 
 
Total liabilities
 
 
1,338,513
 
 
 
1,274,613
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Preferred stock, $.01 par value per share: 2,500,000 shares authorized, non-cumulative perpetual Series B; 23,000 shares issued and outstanding at June 30, 2014 and December 31, 2013; liquidation value $1,000 per share
 
 
-
 
 
 
-
 
 
Common stock, $.01 par value per share: 10,000,000 shares authorized, 8,675,557 shares issued and 8,241,228 shares outstanding at June 30, 2014 and 8,651,076 shares issued and 8,216,747 shares outstanding at December 31, 2013
 
 
87
 
 
 
87
 
 
Warrants
 
 
-
 
 
 
-
 
 
Paid-in capital
 
 
101,316
 
 
 
100,961
 
 
Retained earnings
 
 
60,580
 
 
 
58,347
 
 
Unearned restricted stock awards
 
 
(598
)
 
 
(490
)
 
Accumulated other comprehensive loss
 
 
(1,878 )
 
 
(2,897
)
 
Treasury stock, 434,329 shares as of June 30, 2014 and December 31, 2013, at cost
 
 
(6,751
)
 
 
(6,751
)
 
Total stockholders' equity
 
 
152,756
 
 
 
149,257
 
 
Total liabilities and stockholders' equity
 
$
1,491,269
 
 
$
1,423,870
 
 
 
 
 
 
 
 
 
 
 
 
New Hampshire Thrift Bancshares, Inc.
Consolidated Statements of Income (unaudited)
 
 
 
Three Months Ended
 
 
Six Months Ended
(Dollars in thousands,  
 
June 30,
 
June 30,
 
 
June 30,
 
June 30,
except for per share data)
 
2014
 
2013
 
 
2014
 
2013
Interest and dividend income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fees on loans
 
$
11,635
 
$
9,024
 
 
$
22,985
 
$
18,205
 
Interest on debt investments:
 
 
 
 
 
   
 
 
 
 
 
 
 
 
Taxable
 
 
395
 
 
286
 
 
 
720
 
 
810
 
Dividends
 
 
46
 
 
10
 
 
 
81
 
 
23
 
Other
 
 
178
 
 
212
 
 
 
348
 
 
351
 
 
Total interest and dividend income
 
 
12,254
 
 
9,532
 
 
 
24,134
 
 
19,389
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest on deposits
 
 
1,068
 
 
1,081
 
 
 
2,170
 
 
2,106
 
Interest on advances and other borrowed money
 
 
523
 
 
633
   
 
1,048
 
 
1,317
 
 
Total interest expense
 
 
1,591
 
 
1,714
 
 
 
3,218
 
 
3,423
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest and dividend income
 
 
10,663
 
 
7,818
 
 
 
20,916
 
 
15,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for loan losses
 
 
709
 
 
162
 
 
 
709
 
 
576
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest and dividend income after provision for loan losses
 
 
9,954
 
 
7,656
 
 
 
20,207
 
 
15,390
 
 
 
 
 
 
 
   
 
 
 
 
 
Noninterest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer service fees
 
 
1,539
 
 
1,266
 
 
 
2,977
 
 
2,452
 
Gain on sales of securities, net
 
 
435
 
 
614
 
 
 
443
 
 
781
 
Net gain on sales of loans
 
 
118
 
 
675
 
 
 
170
 
 
1,608
 
Net gain on sales of premises and equipment
 
 
10
 
 
4
 
 
 
12
 
 
4
 
Net loss on other real estate and property owned
 
 
197
 
 
25
 
 
 
195
 
 
25
 
Rental income
 
 
172
 
 
185
 
 
 
347
 
 
368
 
Bank owned life insurance income
 
 
153
 
 
148
 
 
 
302
 
 
276
 
Income from equity interest in Charter Holding Corp.  
 
-
 
 
143
 
 
 
-
 
 
241
 
Mortgage servicing income, net of amortization of mortgage servicing rights
 
 
54
 
 
(14
)
 
 
133
 
 
1
 
Insurance and brokerage service income
 
 
318
 
 
334
 
 
 
802
 
 
819
 
Trust fees
 
 
2,076
 
 
-
 
 
 
4,152
 
 
-
 
 
Total noninterest income
 
 
5,072
 
 
3,380
 
 
 
9,533
 
 
6,575
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
6,091
 
 
4,101
 
 
 
12,093
 
 
8,396
 
Occupancy expenses
 
 
1,403  
 
1,054
 
 
 
2,981
 
 
2,130
 
Advertising and promotion
 
 
281
 
 
213
 
 
 
436
 
 
312
 
Depositors' insurance
 
 
270
 
 
202
 
 
 
541
 
 
379
 
Outside services
 
 
658
 
 
349
 
 
 
1,361
 
 
668
 
Professional services
 
 
447
 
 
317
 
 
 
719
 
 
653
 
ATM processing fees
 
 
199
 
 
162
 
 
 
420
 
 
313
 
Supplies
 
 
134
 
 
121
 
 
 
298
 
 
250
 
Telephone expense
 
 
271
 
 
172
 
 
 
566
 
 
335
 
Amortization of intangible assets
 
 
434
 
 
188
 
 
 
869
 
  380
 
Other expenses
 
 
1,502
 
 
1,379
 
 
 
3,078
 
 
2,490
 
 
Total noninterest expense
 
 
11,690
 
 
8,258
 
 
 
23,362
 
 
16,306
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
 
 
3,336
 
 
2,778
 
 
 
6,378
 
 
5,659
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
 
994
 
 
981
 
 
 
1,893
 
 
1,812
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
2,342
 
$
1,797
 
 
$
4,485
 
$ 3,847
Net income available to common stockholders
 
$
2,285
 
$
1,740
 
 
$
4,370
 
$
3,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financials Industry Company Earnings
Contact:
For additional information contact: Laura Jacobi First Senior Vice President Chief Financial Officer 603-863-0886
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Research and Markets: Global Handbags Market Report: 2014 Edition Featuring Major Players Such as Coach, Louis Vuitton, Burberry and Michael Kors
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July 11, 2014 12:13 PM
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prada handbag prada bags DUBLIN--(BUSINESS WIRE)-- prada bags on sale Research and Markets ( http://www.researchandmarkets.com/research/c9kvqs/global_handbags ) has announced the addition of the "Global Handbags Market Report: 2014 Edition" report to their offering. prada handbags The report Global Handbags Market analyzes the development of this market, with focus on women's accessories and handbag industry. The major trends, growth drivers as well as issues being faced by the industry are discussed in detail in this report. The four major players in the industry, Coach, Louis Vuitton, Burberry and Michael Kors, are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global handbag industry along with the study of regional markets. prada bags outlet Handbags and accessories are among the fastest growing segments in the overall luxury goods industry. Despite the fact that the handbags market caters to both male as well as female customers, it is predominantly seen as a women-oriented market because of the relatively larger options of patterns, sizes and colors it offers to women as compared to the products designed for men, which are clearly limited to a set of designs and patterns, particularly the pouch style. The global market for accessories, including handbags, is incessantly rising since recession and is further expected to be a highly growing and profitable market for the next couple of years. This growth is largely driven by rise in disposable income, expanding middle class, growing preference for branded products and rising number of wealthy consumers worldwide. Moreover, the handbag market encompasses dynamic players and an expanding consumer base, which is expected to flourish due to increasing demand from emerging markets and strong performances by the international luxury brands. prada bags on sale Escalation in the handbags market worldwide can be observed as a result of aggressive presence on social media and fashion shows. Other principal trends of the respective market include enhancing demand for small and medium silhouette handbags and cross bodies, brand strengthening efforts by majority of leading companies and insurance of handbags. The key factors driving growth of the global handbags industry include rising number of high net worth individuals, increasing working women population, accelerating online sales trend, improvement in global economic growth, and increasing potential of emerging markets. However, the growth of handbag industry is hindered by the risk of counterfeiting and strict regulatory issues on premium handbags. The market for handbags is highly competitive with several players operating both at a global and regional level. Fashion, price and diversities are the key factors responsible for driving competition in the market. The leading players include Channel, Gucci, Louis Vuitton, Hèrmes, Prada, Burberry and Michael Kors, among others. Key Topics Covered: 1. Handbags 2. Analysis of Handbag Market 3. The US Handbags Market 4. Market Dynamics 5. Competitive Landscape 6. Company Profiles For more information visit http://www.researchandmarkets.com/research/c9kvqs/global_handbags Personal Investing Ideas & Strategies Business Louis Vuitton Michael Kors Burberry
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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Clothing
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Research and Markets: Global Handbags Market Report: 2014 Edition Featuring Major Players Such as Coach, Louis Vuitton, Burberry and Michael Kors
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July 11, 2014 12:13 PM
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prada handbag prada bags DUBLIN--(BUSINESS WIRE)-- prada bags on sale Research and Markets ( http://www.researchandmarkets.com/research/c9kvqs/global_handbags ) has announced the addition of the "Global Handbags Market Report: 2014 Edition" report to their offering. prada handbags The report Global Handbags Market analyzes the development of this market, with focus on women's accessories and handbag industry. The major trends, growth drivers as well as issues being faced by the industry are discussed in detail in this report. The four major players in the industry, Coach, Louis Vuitton, Burberry and Michael Kors, are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global handbag industry along with the study of regional markets. prada bags outlet Handbags and accessories are among the fastest growing segments in the overall luxury goods industry. Despite the fact that the handbags market caters to both male as well as female customers, it is predominantly seen as a women-oriented market because of the relatively larger options of patterns, sizes and colors it offers to women as compared to the products designed for men, which are clearly limited to a set of designs and patterns, particularly the pouch style. The global market for accessories, including handbags, is incessantly rising since recession and is further expected to be a highly growing and profitable market for the next couple of years. This growth is largely driven by rise in disposable income, expanding middle class, growing preference for branded products and rising number of wealthy consumers worldwide. Moreover, the handbag market encompasses dynamic players and an expanding consumer base, which is expected to flourish due to increasing demand from emerging markets and strong performances by the international luxury brands. prada bags on sale Escalation in the handbags market worldwide can be observed as a result of aggressive presence on social media and fashion shows. Other principal trends of the respective market include enhancing demand for small and medium silhouette handbags and cross bodies, brand strengthening efforts by majority of leading companies and insurance of handbags. The key factors driving growth of the global handbags industry include rising number of high net worth individuals, increasing working women population, accelerating online sales trend, improvement in global economic growth, and increasing potential of emerging markets. However, the growth of handbag industry is hindered by the risk of counterfeiting and strict regulatory issues on premium handbags. The market for handbags is highly competitive with several players operating both at a global and regional level. Fashion, price and diversities are the key factors responsible for driving competition in the market. The leading players include Channel, Gucci, Louis Vuitton, Hèrmes, Prada, Burberry and Michael Kors, among others. Key Topics Covered: 1. Handbags 2. Analysis of Handbag Market 3. The US Handbags Market 4. Market Dynamics 5. Competitive Landscape 6. Company Profiles For more information visit http://www.researchandmarkets.com/research/c9kvqs/global_handbags Personal Investing Ideas & Strategies Business Louis Vuitton Michael Kors Burberry
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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Clothing
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For Nike, Rory's win not about clubs
Updated: July 22, 2014, 7:45 PM ET
By
Darren Rovell | ESPN.com
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Digital Drive: McIlroy's Dominant Display Scott Van Pelt and Andy North break down Rory McIlroy's win at the Open Championship and another top-five performance from Rickie Fowler. Tags: Rory McIlroy , Golf , Rickie Fowler Digital Drive: McIlroy's Dominant Display NEXT VIDEO Digital Drive: McIlroy's Dominant Display Digital Drive: McIlroy's Dominant Display Scott Van Pelt and Andy North break down Rory McIlroy's win at the Open Championship and another top-five performance from Rickie Fowler. Tags: Rory McIlroy , Golf , Rickie Fowler Emotional Win For McIlory Emotional Win For McIlory Rory McIlory sits down with Tom Rinaldi to discuss his wire-to-wire win at the Open Championship. Tags: Rory McIlroy , Golf The Yellow Scoreboard The Yellow Scoreboard Gene Wojciechowski examines the unique and historic yellow scoreboards at the Open Championship. Tags: Golf R&A Chief Executive On Open Championship Changes R&A Chief Executive On Open Championship Changes R&A chief executive Peter Dawson discusses the unprecedented decision to go with a two-tee start, moving the Open Championship to Northern Ireland for the first time since the 1950s and the vote to allow female members at Open clubs. Tags: Golf
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50%OFF! Gome on order now! There are many obvious reasons why Nike is the No. 1 shoe and apparel company in the world. 50%OFF! Gome on order now!
50%OFF! Gome on order now! They make products that people want. They are good at hyping those products by signing some of the best athletes in the world and they control the supply chain so that retailers and consumers want to come back for more. 50%OFF! Gome on order now!
50%OFF! Gome on order now! What's not as obvious is how Nike conquers niche markets and decides what it needs to care about. There's no greater example than in golf. [+] Enlarge Mike Ehrmann/Getty Images Rory McIlroy's 2014 Open Championship victory was the first he's had since changing his equipment over to Nike clubs and balls in early 2013 with a head-to-toe deal that puts the swoosh all over the Northern Irishman. Last year, when Nike signed Rory McIlroy for a reported $20 million a year contract, critics slammed the company for Rory's lackluster performance with its clubs.
On Sunday, after he won the Open Championship, Nike lauded the 25-year-old, noting the 14 clubs in his bag, including the Nike Covert 2.0 Tour Driver and the Nike Method 006 putter. The company also noted his use of the Nike RZN Black Ball.
The dirty little secret is that while Nike plays in the club and ball game to achieve necessary overall credibility in the space, it doesn't really matter if the company ever becomes the market leader.
In fact, as of today, Nike is No. 7 in the club market and No. 4 in ball share.
Why?
Because Nike's restricted inventory model that it practices doesn't allow it to compete with the likes of TaylorMade and Titleist.
If Nike's greatest fear is winding up in a mass retailer at a discounted price, it can't do what the rest of the industry has been doing in terms of volume.
Luckily for Nike, those two areas have been the most affected by the downturn in golf participation combined with the economy resulting in people buying fewer clubs and taking more to the refurbished ball trade.
McIlroy majorly impressive

If you have three legs of the career Grand Slam in your pocket before your 27th birthday, history says the Grand Slam will eventually be yours.

Players to reach 3rd leg of careerGrand Slam before 27th birthday
Age
Grand Slam?
Career majors
Jack Nicklaus
23
Yes
18
Tiger Woods
24
Yes
14
Rory McIlroy
25
?
3
Gary Player
26
Yes
9
Youngest to win 3rd Majorin Masters era (Since 1934)
Age
3rd major
Jack Nicklaus
23
1963 PGA Championship
Tiger Woods
24
2000 U.S. Open
Rory McIlroy
25
2014 Open Championship
Seve Ballesteros
26
1983 Masters
Gary Player
26
1962 PGA Championship
Peter Thomson
26
1956 Open Championship
--ESPN Stats & Information
The areas that Nike chooses to win are apparel, where they are No. 1 and golf shoes, where they are now No. 2.
While most of the industry aims to sell a shirt with a suggested retail price of $50 for $30, retailers sell most Nike golf shirts with a suggested retail price of $85 at $85.
Retailers can sell their shoes at north of $200 without seeing a consumer blink.
And here's the biggest idea that virtually no one ever talks about: Nike is the only major company firmly positioned in the golf world that will do OK as long as people are watching golf.
The company never talks about it, as the stories they tell are always about the performance materials and biophysics of their latest and greatest, but most people who wear their basketball shoes don't play basketball in them.
Consumers will buy Nike apparel if they see it on guys like Tiger and Rory and that doesn't necessarily mean they'll wear it to play golf. It's the same thing with golf shoes, as Nike and others have adjusted to non-spike street style wear that was popularized by Ecco and Fred Couples a few years ago.
Yes, in the future it's very likely that even golf shoes will be bought by people who don't even play golf.
When McIlroy won the Open Championship, retailers got the phone calls and internet orders they were expecting. Matt Corey, chief marketing officer of the PGA Superstore, which has 18 stores across the country, said sales of the innovation polo with the pocket that Rory wears jumped.
Dennis Boudreau of DiscountGolfWorld, one of the largest online only golf retailers, said he couldn't recall the last time he sold as many hats as he did with Nike's Flex-Fit mesh hat this weekend. It's the one that McIlroy wears.
"If Rory continues to win, what Nike paid him will turn out to be a bargain," Boudreau said. "Clubs and balls could come along, but what's good for Nike is that people might buy nice pants and a shirt they see on Rory and never play in it." Recommend 0
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Subscribe
Print
Comments 0 Darren Rovell | email ESPN.com Sports Business reporter Archive ESPN.com's sports business reporter since 2012; previously at ESPN from 2000-06
Appears on SportsCenter, ESPN Radio, ESPN.com and with ABC News
Formerly worked as analyst at CNBC
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For Nike, Rory's win not about clubs
Updated: July 22, 2014, 7:45 PM ET
By
Darren Rovell | ESPN.com
Recommend 0
Tweet 0
Comments 0 Email
Print
Recommend 0
Tweet 0
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Digital Drive: McIlroy's Dominant Display Scott Van Pelt and Andy North break down Rory McIlroy's win at the Open Championship and another top-five performance from Rickie Fowler. Tags: Rory McIlroy , Golf , Rickie Fowler Digital Drive: McIlroy's Dominant Display NEXT VIDEO Digital Drive: McIlroy's Dominant Display Digital Drive: McIlroy's Dominant Display Scott Van Pelt and Andy North break down Rory McIlroy's win at the Open Championship and another top-five performance from Rickie Fowler. Tags: Rory McIlroy , Golf , Rickie Fowler Emotional Win For McIlory Emotional Win For McIlory Rory McIlory sits down with Tom Rinaldi to discuss his wire-to-wire win at the Open Championship. Tags: Rory McIlroy , Golf The Yellow Scoreboard The Yellow Scoreboard Gene Wojciechowski examines the unique and historic yellow scoreboards at the Open Championship. Tags: Golf R&A Chief Executive On Open Championship Changes R&A Chief Executive On Open Championship Changes R&A chief executive Peter Dawson discusses the unprecedented decision to go with a two-tee start, moving the Open Championship to Northern Ireland for the first time since the 1950s and the vote to allow female members at Open clubs. Tags: Golf
nike
50%OFF! Gome on order now! There are many obvious reasons why Nike is the No. 1 shoe and apparel company in the world. 50%OFF! Gome on order now!
50%OFF! Gome on order now! They make products that people want. They are good at hyping those products by signing some of the best athletes in the world and they control the supply chain so that retailers and consumers want to come back for more. 50%OFF! Gome on order now!
50%OFF! Gome on order now! What's not as obvious is how Nike conquers niche markets and decides what it needs to care about. There's no greater example than in golf. [+] Enlarge Mike Ehrmann/Getty Images Rory McIlroy's 2014 Open Championship victory was the first he's had since changing his equipment over to Nike clubs and balls in early 2013 with a head-to-toe deal that puts the swoosh all over the Northern Irishman. Last year, when Nike signed Rory McIlroy for a reported $20 million a year contract, critics slammed the company for Rory's lackluster performance with its clubs.
On Sunday, after he won the Open Championship, Nike lauded the 25-year-old, noting the 14 clubs in his bag, including the Nike Covert 2.0 Tour Driver and the Nike Method 006 putter. The company also noted his use of the Nike RZN Black Ball.
The dirty little secret is that while Nike plays in the club and ball game to achieve necessary overall credibility in the space, it doesn't really matter if the company ever becomes the market leader.
In fact, as of today, Nike is No. 7 in the club market and No. 4 in ball share.
Why?
Because Nike's restricted inventory model that it practices doesn't allow it to compete with the likes of TaylorMade and Titleist.
If Nike's greatest fear is winding up in a mass retailer at a discounted price, it can't do what the rest of the industry has been doing in terms of volume.
Luckily for Nike, those two areas have been the most affected by the downturn in golf participation combined with the economy resulting in people buying fewer clubs and taking more to the refurbished ball trade.
McIlroy majorly impressive

If you have three legs of the career Grand Slam in your pocket before your 27th birthday, history says the Grand Slam will eventually be yours.

Players to reach 3rd leg of careerGrand Slam before 27th birthday
Age
Grand Slam?
Career majors
Jack Nicklaus
23
Yes
18
Tiger Woods
24
Yes
14
Rory McIlroy
25
?
3
Gary Player
26
Yes
9
Youngest to win 3rd Majorin Masters era (Since 1934)
Age
3rd major
Jack Nicklaus
23
1963 PGA Championship
Tiger Woods
24
2000 U.S. Open
Rory McIlroy
25
2014 Open Championship
Seve Ballesteros
26
1983 Masters
Gary Player
26
1962 PGA Championship
Peter Thomson
26
1956 Open Championship
--ESPN Stats & Information
The areas that Nike chooses to win are apparel, where they are No. 1 and golf shoes, where they are now No. 2.
While most of the industry aims to sell a shirt with a suggested retail price of $50 for $30, retailers sell most Nike golf shirts with a suggested retail price of $85 at $85.
Retailers can sell their shoes at north of $200 without seeing a consumer blink.
And here's the biggest idea that virtually no one ever talks about: Nike is the only major company firmly positioned in the golf world that will do OK as long as people are watching golf.
The company never talks about it, as the stories they tell are always about the performance materials and biophysics of their latest and greatest, but most people who wear their basketball shoes don't play basketball in them.
Consumers will buy Nike apparel if they see it on guys like Tiger and Rory and that doesn't necessarily mean they'll wear it to play golf. It's the same thing with golf shoes, as Nike and others have adjusted to non-spike street style wear that was popularized by Ecco and Fred Couples a few years ago.
Yes, in the future it's very likely that even golf shoes will be bought by people who don't even play golf.
When McIlroy won the Open Championship, retailers got the phone calls and internet orders they were expecting. Matt Corey, chief marketing officer of the PGA Superstore, which has 18 stores across the country, said sales of the innovation polo with the pocket that Rory wears jumped.
Dennis Boudreau of DiscountGolfWorld, one of the largest online only golf retailers, said he couldn't recall the last time he sold as many hats as he did with Nike's Flex-Fit mesh hat this weekend. It's the one that McIlroy wears.
"If Rory continues to win, what Nike paid him will turn out to be a bargain," Boudreau said. "Clubs and balls could come along, but what's good for Nike is that people might buy nice pants and a shirt they see on Rory and never play in it." Recommend 0
Tweet 0
Email
Subscribe
Print
Comments 0 Darren Rovell | email ESPN.com Sports Business reporter Archive ESPN.com's sports business reporter since 2012; previously at ESPN from 2000-06
Appears on SportsCenter, ESPN Radio, ESPN.com and with ABC News
Formerly worked as analyst at CNBC
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Is Karl Lagerfeld Ripping Off New Balance?
by
Emily Popp
Wed., Jun. 4, 2014 3:01 PM PDT
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We don't think of Karl Lagerfeld and sportswear label New Balance as having a whole lot in common.Online New Balance Shoes Outlet But, New Balance is suing Chanel's creative director, Karl Lagerfeld, for allegedly ripping off one of their sneaker designs.new balance 420 The "fashion sneaker" is a popular trend right now, one that Lagerfeld clearly wanted to make his own interpretation of. But according to New Balance, his design looks a little too similar to their own . Like, really similar.new balance 1400 In a lawsuit obtained by TMZ , the footwear company is saying that other than the capital "K" on Lagerfeld's sneaker instead of their "N," the shoes are nearly identical. Although, we'd argue the price is not identical. The sneaker from Lagerfeld's eponymous label is $360, while the New Balance version is $112.   new balance 1400
NEWS: Rihanna's perfume ad banned in England for being too sexy New Balance Womens Shoes
A spokesperson for the brand said in a statement to the Daily Mail , "New Balance filed a lawsuit against Karl Lagerfeld to protect our intellectual property rights related to our iconic Lifestyle footwear designs." Admittedly, we definitely see the similarity between the two sneakers. Although, it's much easier for a brand to prove that their logo was ripped off than the actual style of a particular design. Things can get much hazier there. What do you think: Is this Karl Lagerfeld sneaker a rip off?
PHOTOS: Stars at Paris Fashion Week Fall 2014
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Kendall Jenner Rocks Chanel Show
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Kendall Jenner Rocks Chanel Show
Dress or Pants? See Anne Hathaway's Odd Outfit
Kendall and Kylie Jenner Show Major Skin
Lindsay Lohan Narrowly Avoids Wardrobe Malfunction
Rachel Zoe Swears By What?
Rachel Zoe's Summer Fashion Must-Haves
How to Get a Rocker Chic Pixie 'Do
Kaley Cuoco-Sweeting Looks Crop Top Chic
Everybody's Talking About Pitbull's Pants
Check Out Summer Sunglasses Trends With Orly Shani
Jennifer Lopez Explains Dance Floor Diss
Holy Cleavage! Did Kim K. Forget Her Bra?
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Is Karl Lagerfeld Ripping Off New Balance?
by
Emily Popp
Wed., Jun. 4, 2014 3:01 PM PDT
new balance
Loading...
We don't think of Karl Lagerfeld and sportswear label New Balance as having a whole lot in common.Online New Balance Shoes Outlet But, New Balance is suing Chanel's creative director, Karl Lagerfeld, for allegedly ripping off one of their sneaker designs.new balance 420 The "fashion sneaker" is a popular trend right now, one that Lagerfeld clearly wanted to make his own interpretation of. But according to New Balance, his design looks a little too similar to their own . Like, really similar.new balance 1400 In a lawsuit obtained by TMZ , the footwear company is saying that other than the capital "K" on Lagerfeld's sneaker instead of their "N," the shoes are nearly identical. Although, we'd argue the price is not identical. The sneaker from Lagerfeld's eponymous label is $360, while the New Balance version is $112.   new balance 1400
NEWS: Rihanna's perfume ad banned in England for being too sexy New Balance Womens Shoes
A spokesperson for the brand said in a statement to the Daily Mail , "New Balance filed a lawsuit against Karl Lagerfeld to protect our intellectual property rights related to our iconic Lifestyle footwear designs." Admittedly, we definitely see the similarity between the two sneakers. Although, it's much easier for a brand to prove that their logo was ripped off than the actual style of a particular design. Things can get much hazier there. What do you think: Is this Karl Lagerfeld sneaker a rip off?
PHOTOS: Stars at Paris Fashion Week Fall 2014
RELATED VIDEOS:
0:34
Kendall Jenner Rocks Chanel Show
1:15
Dress or Pants? See Anne Hathaway's Odd Outfit
1:04
Kendall and Kylie Jenner Show Major Skin
Videos /
Share
0
Share
0
Tweet
0
<> Embed
CTRL-C or CMD-C, then press Enter.
Click/tap elsewhere to exit, or press ESC.
Email
Kendall Jenner Rocks Chanel Show
Dress or Pants? See Anne Hathaway's Odd Outfit
Kendall and Kylie Jenner Show Major Skin
Lindsay Lohan Narrowly Avoids Wardrobe Malfunction
Rachel Zoe Swears By What?
Rachel Zoe's Summer Fashion Must-Haves
How to Get a Rocker Chic Pixie 'Do
Kaley Cuoco-Sweeting Looks Crop Top Chic
Everybody's Talking About Pitbull's Pants
Check Out Summer Sunglasses Trends With Orly Shani
Jennifer Lopez Explains Dance Floor Diss
Holy Cleavage! Did Kim K. Forget Her Bra?
buy cheap new balance shoes
new balance shoes
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Gisele Bundchen's Gerard Darel handbag secret Handbag.com  –  Thu, May 29, 2014
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prada handbag Gisele Bundchen has been spotted on the New York streets with a new handbag.Cheap Prada Replica Handbags For Sale New Prada handbags This time it's not Prada , it's not Louis Vuitton , it's Gerard Darel.Prada Outlet Online discount prada handbags replica This has to be one of the biggest celebrity handbag favourites a lot of people amazingly haven't heard of.Cheap Prada Replica Handbags For Sale Handbag obsessive Fearne Cotton is a big fan of the French brand and now that Victoria's Secret veteran Gisele is getting on board we see big things for these bags.Gisele is sporting the Dolly cross body bag as she holds on tight to her takeaway. We're pretty sure it's not a sticky Chinese...we all know how Gisele feels about junk food and fizzy drinks! Fearne Cotton's handbag collection Ready to get involved with Gerard? Tweet us @handbagcom GISELE BUNDCHEN'S NEW GIG WHAT'S IN MY HANDBAG: FEARNE COTTON'S GERARD DAREL MORE CELEBRITY HANDBAGS
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Gisele Bundchen's Gerard Darel handbag secret Handbag.com  –  Thu, May 29, 2014
Related content View Photo Gisele Bundchen's Gerard Darel handbag secret
prada handbag Gisele Bundchen has been spotted on the New York streets with a new handbag.Cheap Prada Replica Handbags For Sale New Prada handbags This time it's not Prada , it's not Louis Vuitton , it's Gerard Darel.Prada Outlet Online discount prada handbags replica This has to be one of the biggest celebrity handbag favourites a lot of people amazingly haven't heard of.Cheap Prada Replica Handbags For Sale Handbag obsessive Fearne Cotton is a big fan of the French brand and now that Victoria's Secret veteran Gisele is getting on board we see big things for these bags.Gisele is sporting the Dolly cross body bag as she holds on tight to her takeaway. We're pretty sure it's not a sticky Chinese...we all know how Gisele feels about junk food and fizzy drinks! Fearne Cotton's handbag collection Ready to get involved with Gerard? Tweet us @handbagcom GISELE BUNDCHEN'S NEW GIG WHAT'S IN MY HANDBAG: FEARNE COTTON'S GERARD DAREL MORE CELEBRITY HANDBAGS
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