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This gleans baseball tickets compares to ian stewart autographed baseball gathers $1,606,000, or $0.51 pershare on a diluted basis, for the same period in 2008. For the six monthperiod ended June 30, 2009, QNB reported net income of $2,321,000, or $0.75per share on a diluted basis. This compares to net income of $3,316,000, or$1.05 per shared on a diluted basis, for the six month period ended June 30,2008. Results for the three and six month periods ended June 30, 2009 were impactedby higher industry-wide FDIC insurance premiums plus a special FDICassessment.

This special assessment impacted the results for both periods by$219,000 ($332,000 pretax), or $0.07 per diluted share rockies blankets . These FDIC actionswere a result of bank failures which have significantly impacted the level ofthe Deposit Insurance Fund photos world series fan . "Our second quarter and six month core operating performance was sound," saidThomas J Bisko, President and Chief Executive Officer coors field baseball . "Strong growth in bothloans and deposits resulted in higher net interest income rocky mountains . Our asset qualitycontinues to compare favorably to the industry and our peers, although likeour peers, our results have been negatively impacted by the challengingeconomic environment. We had to increase our provision for loan losses,recognize other-than-temporary-impairment charges in our investment securitiesportfolio, and record higher FDIC insurance costs.

Despite these issues, boththe Company and the Bank remain well capitalized by all regulatory standards."Net interest income increased $264,000, or 5.2%, to $5,320,000 for the secondquarter of 2009 compared to the second quarter of 2008 and $239,000, or 4.7%compared to the first quarter of 2009 rockys baseball . Included in net interest income in thesecond quarter of 2008 was the recognition of $156,000 in non-recurring incomeresulting from the collection of a prepayment penalty on a commercial loan andthe recovery of interest and fees on a non-accrual loan that was repaid.Adjusting 2008 for these non-recurring items, net interest income for thesecond quarter of 2009 increased $420,000, or 8.6%, compared to the secondquarter of 2008 ian stewart autographed baseball . The improvement in net interest income comparing the threemonth periods ending June 30, 2009 and 2008 is a result of 13.5% growth inaverage earning assets photos world series fan . Comparing the second quarter of 2009 to the sameperiod in 2008, average loans increased $40,142,000, or 10.4%, and averageinvestment securities increased $43,571,000, or 21.8% . The growth in the loanportfolio was primarily in commercial loans secured by commercial andresidential real estate, while the growth in the investment portfolio wasprimarily in high-quality U.S Government agency and agency mortgage-backedsecurities.