This is a Test from Magure - This is Only a Test

This is Only a Test

SAN FRANCISCO--(BUSINESS WIRE)--Test, Inc. (NASDAQ:TEST) today announced that net income for the quarter ended June 30, 2006 was $7,931,000, a 2.8% increase over net income of $7,713,000 for the second quarter of 2005, but down from $8,397,000 for the first quarter of 2006. Diluted earnings per share were $0.47 for the second quarter of 2006, an increase of 2.2% from $0.46 in the second quarter of 2005, but down from $0.50 for the first quarter of 2006.— [characters ™ ® ©]

For the six months ended June 30, 2006, net income totaled $16,328,000, an 8.6% increase over net income of $15,035,000 for the first six months of 2005. Diluted earnings per share for the first six months of 2006 were $0.97, compared to $0.90 for the first six months of 2005, an increase of 7.8%

• Record earnings of 47 cents per diluted share
• Higher net interest income
• Strong fee-based revenues

NET INTEREST INCOME

Net interest income for the second quarter of 2006 increased 7.0% to a record $17,985,000 compared to $16,811,000 for the second quarter of 2005. Net interest margin, on a fully taxable equivalent basis, was 3.61% in the second quarter of 2006, a decrease of 61 basis points from 4.22% in the second quarter of 2005 and a decrease of 23 basis points from the first quarter of 2006.

Net interest income for the six months ended June 30, 2006 increased 6.5% to $35,423,000 compared to $33,271,000 for the six months ended June 30, 2005. The Company’s net interest margin for the first half of 2006 was 3.72%, a decrease of 56 basis points from 4.28% in the first half of 2005.

GENERAL

Test, Inc. trades on the NASDAQ Global Select Market under the symbol “TEST”. The Company owns a state-chartered subsidiary bank that conducts banking operations through 56 offices in 31 communities. The Company’s website is: www.businesswire.com.