Kan. Brooke Corp. Announces Results for June 2006

Overland Park, Kan.-based Brooke Credit Corp., the finance subsidiary of Brooke Corp., announced selected June 2006 results.

Michael Lowry, president, announced loan portfolio balances for Brooke Credit Corp. on June 30, 2006, totaled approximately $377.4 million, compared to loan portfolio balances of approximately $341.7 million on May 31, 2006. Loan portfolio balances increased as the result of June loan originations of approximately $38.7 million, and decreased from June principal payments of approximately $3.0 million.

June originations included $24.5 million in Brooke franchise insurance agency loans and $14.2 million in non-franchise insurance agency loans. The company’s total loan portfolio is composed of
$124.0 million in loan balances held in the company’s inventory for future sale, and $253.4 million in loan balances sold to investors with retained servicing rights.

Lowry also announced that, during June, Brooke Credit Corp.
received net interest and servicing income of approximately $1.6 million, and incurred operating interest expense of approximately $296,000. Additionally, Lowry announced that, during June, Brooke Credit Corporation incurred a gain on loan sale activities of approximately $1.3 million.

All results included within Brooke’s written statement exclude portfolio balances and revenues derived from lending activities with parent and sister companies.

Brooke Credit Corp. is a subsidiary of Brooke Corp. that originates loans to insurance agencies and related businesses. Brooke Credit’s loan portfolio balances totaled approximately $377.4 million on June 30, 2006. Loans have been mostly sold as individual loans to participating lenders or as pooled loans to investors through asset-backed securitizations.

Source: Brooke Corporation