Summit State Bank Reports Third Quarter Profit and Declaration of Dividend Oct 27, 2009
SUMMIT STATE BANK AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (In thousands, except for earnings per share data) Three Months Ended Nine Months Ended ------------------ ------------------ Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2009 2008 2009 2008 -------- -------- -------- -------- (Unaudited) Interest income: Interest and fees on loans $ 4,726 $ 4,738 $ 14,315 $ 14,122 Interest on Federal funds sold -- -- -- 69 Interest on investment securities and deposits in banks 403 664 1,447 1,921... (Primezone Releases)
B&B plays down sell-off option Oct 27, 2009
Santander buys its branches and retail deposit accounts Best known for: Bowler hat-wearing Mr Bradford and Mr Bingley. The rescue involved the government lending 14. (BBC News -- Business)
Sussex Bancorp Announces Improved Third Quarter and Nine Month Earnings Oct 23, 2009
SUSSEX BANCORP CONSOLIDATED BALANCE SHEETS (Dollars In Thousands) (Unaudited) ASSETS September 30, September 30, December 31, ------ 2009 2008 2008 ----------------------------------------- Cash and due from banks $13,240 $10,537 $7,602 Federal funds sold 2,038 15,470 13,310 ------------- ------------- ------------- Cash and cash equivalents 15,278 26,007 20,912 Interest bearing time deposits with other banks 100 100 100 Trading securities 3,974 13,519 13,290 Securities available for sale 80,040... (Primezone Releases)
Central Jersey Bancorp Reports Operating Results for Third Quarter of 2009 Oct 23, 2009
Non-interest income, which consists of gains on the sale of investment securities available-for-sale, service charges on deposit accounts, gains on the sale of loans held-for-sale and income from bank owned life insurance, was $1 ... Authorized 10,000,000 shares and issued and outstanding 11,300 shares at September 30, 2009 and December 31, 2008 11,300 11,300 Additional paid-in capital 65,161 64,502 Accumulated other comprehensive income, net of tax expense 1,390 1,925 Treasury stock - 246,448... (Primezone Releases)
For Entrepreneurs, Credit Eases—a Bit Oct 23, 2009
In late September, when Carson met with PNC Bank about opening deposit accounts, she was asked if she also wanted to apply for a line of credit. "I was surprised they wanted to explore that with me," Carson says. (BusinessWeek)
Heritage Commerce Corp Reports Financial Results for Third Quarter 2009 Oct 23, 2009
CONSOLIDATED INCOME STATEMENTS (in $000's, unaudited) Percent For the Three Months Ended: Change From: ---------------------------------- ---------------- Sept. 30, June 30, Sept. 30, June 30, Sept.30, 2009 2009 2008 2009 2008 ---------------------------------------------------- ---------------- Interest Income $ 15,495 $ 15,824 $ 19,197 -2% -19% Interest Expense 3,872 4,135 6,151 -6% -37% ----------------------------------- Net Interest Income 11,623 11,689 13,046 -1% -11% Provision for Loan... (Primezone Releases)
READ: Wells Fargo's press release Oct 22, 2009
-- Service charges on deposit accounts of $1 ... Wells Fargo & Company and Subsidiaries CONSOLIDATED STATEMENT OF INCOME Quarter ended Sept. 30, Nine months ended Sept. 30, (in millions, except per share amounts) 2009 2008 2009 2008 Interest income Trading assets $ 216 41 688 126 Securities available for sale 2,947 1,397 8,543 3,753 Mortgages held for sale 524 394 1,484 1,211 Loans held for sale 34 12 151 34 Loans 10,170 6,888 31,467 20,906 Other interest income 77 42 249 140 Total interest... (USA Today -- Money)
Eagle Bancorp, Inc. Announces $2.1 Million 3rd Quarter Net Income Available to Common Shareholders and a 20% Decline in Nonperforming Assets in the 3rd Quarter Oct 22, 2009
This increase was due primarily to higher service charges on deposit accounts of $195 thousand, and to higher gains realized on the sale of residential and SBA loans of $165 thousand ... This increase was due primarily to higher service charges of $889 thousand resulting primarily from increased numbers of deposit accounts, higher gains realized on the sale of residential and SBA loans of $544 thousand, and gains realized on the investment securities portfolio of $1. (Primezone Releases)
Flushing Financial Corporation Reports 2009 Third Quarter Earnings Increase of 65% to $0.33 Per Diluted Common Share; Core Earnings Increase of 3.7% to $0.28 Per Diluted Common Share Oct 21, 2009
FLUSHING FINANCIAL CORPORATION and SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollars in Thousands Except Per Share Data) (Unaudited) Sept. 30, Dec. 31, 2009 2008 ----------- ----------- ASSETS ------ Cash and due from banks $ 124,635 $ 30,404 Securities available for sale: Mortgage-backed securities 647,747 674,764 Other securities 39,253 72,497 Loans: Multi-family residential 1,125,022 999,185 Commercial real estate 792,675 752,120 One-to-four family -- mixed-use property... (Primezone Releases)
Dearborn Bancorp Reports Third Quarter Results Oct 21, 2009
DEARBORN BANCORP, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Dollars, in thousands) 09/30/09 12/31/08 09/30/08 ---------- ---------- ---------- ASSETS Cash and cash equivalents Cash and due from banks $ 17,330 $ 11,671 $ 15,744 Federal funds sold 6,206 4,455 14,281 Interest bearing deposits with banks 117,732 36,876 33,146 ---------- ---------- ---------- Total cash and cash equivalents 141,268 53,002 63,171 Mortgage loans held for sale 1,449 1,834 281 Securities,... (Primezone Releases)
Citizens South swings to $759,000 loss Oct 20, 2009
In the latest quarter, the bank s noninterest income increased by about $1 million, thanks to higher mortgage refinance volume and fees on deposit accounts. Most Read Stories. (Charlotte Business Journal, NC)
San Joaquin Bank Reopens Doors Under New Name Oct 20, 2009
"The activity over the weekend doesn't change anything for them. All of their deposit accounts, all their loan accounts are the same, keep making loan payments, keep using the same checks, keep using the same Pin number," said Price. Citizens Business Bank, which is out of Ontario, Calif. (KERO 23, CA)
CGAP Survey Reveals Financial Services Gap Between Rich and Poor Oct 13, 2009
" To address this lack of data, CGAP surveyed financial regulators in 139 countries to produce the first of a new series of annual assessments on the status of financial access worldwide. Financial Access 2009 finds that formal banking often targets only the wealthiest people, depriving the poor of important tools that can help them invest more in their businesses, spend more on household items, and have the funds to cope with crises. "For the first time ever, policy makers have the opportunity... (Canada Newswire)
Banks say funding costs likely to stay high for while Oct 9, 2009
Wholesale funding costs remain high and continue to increase as previous long-term funding matures and is replaced with new funding at a significantly higher cost," said Commonwealth Bank's head of retail banking, Ross McEwan.High wholesale funding costs have also forced banks to rely more on domestic deposits. This has pushed up the cost of customer deposits for banks by between 1 and 1.2 percentage points over the past year.The latest rate rise is likely to spark a further price war on... (Sydney Morning Herald -- Business)
Banks poised to out-hike RBA Oct 8, 2009
The latest rate rise is likely to spark a further price war on deposits with some banks including ANZ hiking rates on high interest deposit accounts by 50 basis points. In raising rates from near 50-year lows, the central bank citied a better-than-expected recovery of the Australian economy, a view underscored by today's surprise fall in the official jobless rate last month to 5. (Sydney Morning Herald -- Business)
American Express President to Leave in Shuffle Oct 7, 2009
It has been expanding its product offerings, including recent plans to re-enter the market for personal savings deposit accounts. American Express also announced other management and organizational changes. (SmartMoney)
Iceland's party is over Oct 3, 2009
In Britain, a run on Landsbanki's popular online deposit accounts led to the website shutting down. The following week, Iceland's three international banks - Kaupthing, Glitnir and Landsbanki - had collapsed entirely. (Sydney Morning Herald -- Business)
Treasury signals tax break on savings Oct 2, 2009
Though typically cautious in his comments, Dr Henry indicated the review could recommend changing the way taxes were levied on different types of savings - shares, superannuation, housing, and deposit accounts, for example. Significantly, he said the review - which has already produced a draft copy - was still working on recommendations about the best way to tax savings. (Sydney Morning Herald -- Australia)
BB&T revises overdraft fees Sep 30, 2009
The changes we re announcing today, in addition to tools and services we already provide, will help our clients better manage their deposit accounts. BB&T (NYSE:BBT) joins the ranks of banks that are amending overdraft policies in the face of rising public outcry about the charges. (Charlotte Business Journal, NC)
ANZ buys ING's stake in joint ventures for $1.5B Sep 25, 2009
Regular deposit accounts are insured up to $250,000. Economic developments from around the globe. (Fresno Bee -- Business)
Obama Economic Adviser: Limit Safety Nets Sep 25, 2009
"Commercial banks are the indispensable backbone of the financial system," Volcker said, giving consumers safe deposit accounts and financial advice. Investment banks take on more risk and face conflicts of interest when they combine consumer financial services with major corporate dealmaking. (CBS News)
Volcker: Risk of 'too big to fail' remains Sep 25, 2009
Commercial banks are the indispensable backbone of the financial system, Volcker said, giving consumers safe deposit accounts and financial advice. 1. (MSNBC -- Business)
FDIC seeks fund loans Sep 23, 2009
WASHINGTON -- Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts ... The fund, which insures deposit accounts up to $250,000, is at its lowest point since 1992, at the height of the savings-and-loan crisis. (Albany Times Union)
FDIC seizes Irwin Union Bank Sep 19, 2009
based in Hamilton, Ohio, assumed all deposit accounts and those will be available immediately, the FDIC said in a announcement released late Friday. Bank failures typically have been announced in this manner, as the FDIC has sought to minimize the publicity of failed financial institutions under its watch. (Phoenix Business Journal, AZ)
Putting your child through university can be a big financial strain Sep 19, 2009
But putting the extra cash into bank deposit accounts may not yield the best returns, especially in the current low interest rate environment. To beat inflation, your savings need to work harder. (The Star Online, Malaysia -- Business)
Regulators seize 2 banks; 94 failures this year Sep 19, 2009
Regular deposit accounts are insured up to $250,000 ... Bair's remarks go beyond what she said just three weeks ago when asked about tapping the Treasury after the fund that insures regular deposit accounts up to $250,000 hit its lowest point since 1992, at the height of the savings-and-loan crisis. (Fresno Bee -- Business)
States fight predatory lending Sep 15, 2009
State banking departments have been at the forefront in consumer protection and banking innovation (such as interest-on-demand deposit accounts). William Brennan Jr. testified in Congress in the late 1990s on predatory lending issues. (NJ.com -- Times)
Report: Citigroup plans to pare US stake Sep 15, 2009
Regular deposit accounts are insured up to $250,000. Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would issue new shares to the public as part of a multibillion-dollar stock offering, The Wall Street Journal said, citing people familiar with the matter. (Fresno Bee -- Business)
State seeks execution for 2 in Ore. bank bombing Sep 13, 2009
Regular deposit accounts are insured up to $250,000 ... Regular deposit accounts are insured up to $250,000. (Fresno Bee -- Nation)
Regulators Seize Construction Lender Corus Bank Sep 12, 2009
Regular deposit accounts are insured up to $250,000. The closure of Corus Bank, one of the largest banks to fail this year, will cost the FDIC $1. (ABC News -- Business)
First Citizens Bank Acquires Venture Bank of Washington Sep 12, 2009
In addition, customers with interest-bearing deposit accounts will receive a letter from First Citizens informing them about the transaction, including any revision in rates as allowed by the FDIC. Any revised CD rates will be competitive with other CD terms in the market. Depositors will have the option of withdrawing their CD deposits without penalty until maturity. (Primezone Releases)
Credit crunched Sep 11, 2009
And 54% have deposit accounts and 34% have money saved in the popular tax-free Individual Savings Accounts (ISAs). These stores of wealth were largely unaffected by the recession last year. (BBC News -- UK)
Great Southern Bank Acquires All Deposits of Iowa-Based Vantus Bank Sep 5, 2009
Turner continued, "We were attracted to this acquisition because of the strong customer relationships Vantus Bank has formed through the years in these very attractive markets. This acquisition further strengthens our Company with the addition of a significant number of customer deposit accounts and expansion opportunities in Iowa. Before and after this acquisition, Great Southern's capital ratios were well in excess of regulatory requirements to be considered 'well capitalized'.". Customers who... (PR Newswire)
* Business Briefs Sep 3, 2009
NT$213 billion was withdrawn from time deposit accounts in the first half of the year and most of it found its way into the equity market, he said. CPC inviting bids for bonds. (Taipei Times, Taiwan -- Sports)
Personal debt dips for first time Sep 2, 2009
Investing in shares or property may seem unattractive, so too the return on some deposit accounts. For some, paying off debt then appears to be the best option. (BBC News -- Business)
Analyst Picks and Pans: RIM, Marvel Entertainment, TD Ameritrade Sep 2, 2009
Vinciquerra also noted that the brokerage is boosting earnings by funneling its customers' credit balances from brokerage accounts to its money-market deposit accounts, and will be in a good position to increase profit when the government lifts interest rates. Its acquisition of options-trading specialist thinkorswim, completed during its fiscal third quarter, is also going to improve product offerings and grow TD Ameritrade's client base, Vinciquerra added. (BusinessWeek)
Banks' struggles have worsened... Aug 30, 2009
The FDIC has a calculator on its Web site called the electronic deposit insurance estimator, or EDIE, that can help determine how much money in deposit accounts, if any, exceeds the insurance limits ... For any money in a failed bank's deposit accounts that exceeds the insured limits, you become essentially a creditor of the bank. (The Drudge Report)
Vantus buyer unlikely to emerge Aug 26, 2009
Loans fully secured by checking or deposit accounts also would be allowed. The bank also could continue to honor outstanding revolving lines of credits. (Sioux City Journal, IO)
Vantus bank at risk of closing after 86 years (2798) Aug 26, 2009
Loans fully secured by checking or deposit accounts also would be allowed. On its deposits, the bank cannot pay rates higher than the prevailing rates on deposits of "comparable amounts and maturities in the bank's normal market area," according to the SEC filing. (Sioux City Journal, IO)
Colonial Is History; BB&T Now Owns Old C&C Bank Aug 26, 2009
Under terms of the purchase, a BB&T announcement said, the new owner assumed all of Colonial s deposit accounts, whether or not insured by the FDIC.. BB&T did not acquire any assets or assume any obligations relating to Taylor, Bean and Whitaker Mortgage Corp., or assets and liabilities the FDIC determines are related to fraudulent or criminal activities, the announcement said. (The Fort Meade Leader, FL)
CapitalSouth Bank shut down Aug 23, 2009
-based bank holding company called (Nasdaq: IBKC) took control of CapitalSouth Bank s deposit accounts and will take over the branches beginning Monday. CapitalSouth customers will be able to access their accounts Monday at the new IBERIABANK branches. (Jacksonville Business Journal, FL)
Africa: Transnational Archipelago Aug 20, 2009
These alternative providers typically charge high fees and generally do not offer asset-building tools, such as interest-bearing deposit accounts. Many immigrants are unfamiliar with the U.S. banking system and rely solely on these alternative providers for their financial needs. (allAfrica.com)
Business as usual at bank closed by feds Aug 19, 2009
All deposit accounts were moved to MidFirst Bank, which opened shop in Union's location over the weekend. MidFirst is reviewing interest rates in savings accounts. (AZCentral -- Business)
BB&T to buy Colonial Bank (2) Aug 18, 2009
Colonial Bank, Alabama s second-largest bank, on Friday became the largest U.S. bank to fail in 2009, with the Alabama Banking Department taking over and deposit accounts transferred to BB&T Corp. of North Carolina. Montgomery-based Colonial founded in 1981 by embattled Auburn University trustee Bobby Lowder has been struggling for months, and a federal judge froze the bank s assets on Thursday. (Brewton Standard, AL)
AP IMPACT: Banks added 10,000 branches in boom Aug 17, 2009
4 million deposit accounts to the companys state-of-the-art platform. Chase consumers and business customers have unparalleled access to more than 1,000 branches and 3,150 ATMs all now branded with the bright blue Chase octagon -- in New York, New Jersey and Connecticut. (Fresno Bee -- Business)
Nevada State Bank to Assist FDIC With Resolution of Community Bank of Nevada Aug 15, 2009
The FDIC has arranged for Nevada State Bank to assist in managing the deposit accounts. Direct deposit, checks, ATMs and debit cards will work normally. (PR Newswire)
Pittsburgh bank fails Aug 15, 2009
The FDIC was named receiver, and all Dwelling House deposit accounts were transferred to. Dwelling House will reopen Monday as a PNC branch. (Pittsburgh Business Times, PA)
BB&T acquires deposits and certain assets of Colonial Bank in FDIC-assisted deal Aug 15, 2009
Under the terms of the agreement, BB&T has assumed all of Colonial Bank's deposit accounts, whether or not insured by the FDIC. BB&T will not acquire any of the assets or assume any obligations of Colonial's holding company or select assets and liabilities of Colonial Bank, including any relating to Taylor, Bean and Whitaker Mortgage Corporation. Also excluded are assets and liabilities the FDIC determines are related to fraudulent or criminal activities. (PR Newswire)
Crescent Financial Corporation Announces Revision to Earnings for Q2 2009 Aug 15, 2009
Crescent Financial Corporation Financial Summary (Amounts in thousands except share and per share data and prior quarters' information may have been reclassified) INCOME STATEMENTS (unaudited) ----------------------------- For the Three Month Period Ended June 30, March 31, Dec. 31, Sept. 30, June 30, 2009 2009 2008 2008 2008 ---------- ---------- ---------- ---------- ---------- INTEREST INCOME Loans $ 12,026 $ 12,077 $ 12,500 $ 12,571 $ 11,936 Investment securities available for sale 2,053... (Primezone Releases)
Bank of America Ends Arbitration of Card Disputes Aug 14, 2009
The new policy applies to credit card, auto, marine and recreational vehicle loans, as well as deposit accounts, and means unhappy consumers will be able to file lawsuits against the bank to address perceived unfair or illegal activity. Bank of America is the first major U.S. bank to say it is curtailing arbitration in a wide array of consumer accounts. (ABC News -- Wire)
Sussex Bancorp Announces Second Quarter and Six Months Earnings Aug 13, 2009
SUSSEX BANCORP CONSOLIDATED STATEMENTS OF INCOME (Dollars In Thousands) (Unaudited) Three Months Six Months Ended Ended June 30, June 30, -------------- ---------------- 2009 2008 2009 2008 ------ ------ ------- ------- INTEREST INCOME Loans receivable, including fees $4,789 $4,637 $ 9,597 $ 9,448 Securities: Taxable 754 543 1,381 1,067 Tax-exempt 316 226 589 462 Federal funds sold 9 88 21 112 Interest bearing deposits 7 -- 14 1 ------ ------ ------- ------- Total Interest Income 5,875 5,494... (Primezone Releases)
Coastal Banking Company Reports Second Quarter 2009 Earnings Aug 13, 2009
" Net interest income before provision for loan losses totaled $2.7 million in the second quarter of 2009, an increase from $2.4 million earned in the first quarter of 2009 and $2.6 million earned in the second quarter of 2008. Noninterest income was $2.3 million at June 30, 2009, compared to $2.2 million in the first quarter of 2009 and $806,192 in the second quarter of 2008. The year-over-year gain in noninterest income is due primarily to the significant improvement in mortgage banking... (Primezone Releases)
First Federal Bankshares, Inc. Reports Fourth Quarter and Fiscal Year End Results and Resignation of Chief Executive Officer Aug 12, 2009
The improvement in service charges on deposit accounts was primarily attributable to the overall increase in the number of deposit accounts as compared to last year and the increase in mortgage banking revenue was attributable to the aforementioned bulk sale of single family mortgages ... 68 ==================== ===== ===== FIRST FEDERAL BANKSHARES, INC. and SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three months Twelve months ended ended June 30 June 30... (PR Newswire)
Home Federal Bancorp, Inc. Announces Purchase and Assumption of Community First Bank Aug 8, 2009
"We want to assure all of Community First Bank's customers that their deposits are safe and fully accessible using their existing account numbers, checks and debit and ATM cards. These accounts will be converted into Home Federal Bank deposit accounts in an orderly manner. Home Federal Bank prides itself in having a liquid balance sheet and a strong capital position. At June 30, 2009, the Bank's risk-based capital ratio was 33.55%, which is over three times greater than the level of capital that... (Primezone Releases)
Consolidated Water Co. Ltd. Reports 95% Increase in Second Quarter Net Income Aug 8, 2009
Interest income decreased substantially, from approximately $318,000 in the second quarter of 2008 to approximately $150,000 in the most recent quarter, primarily reflecting a reduction in the rates of interest earned on average balances invested in interest-bearing deposit accounts. Interest expense was relatively unchanged at $443,824 in the quarter ended June 30, 2009, versus $442,551 in the quarter ended June 30, 2008. (PR Newswire)
Investors Bancorp, Inc. Announces Fourth Quarter and Year-End Financial Results Aug 5, 2009
51% for the three months ended June 30, 2008, as lower short term market interest rates allowed us to reduce rates paid on deposit accounts ... Deposits increased as we were successful in attracting new municipal deposit accounts, opened a de novo branch, added business from existing customer relationships, and integrated the branches from our acquisitions. (PR Newswire)
Bank of Virginia Announces Second Quarter 2009 Earnings Aug 4, 2009
As our customer base continues to grow and we focus on serving our customers and shareholders we are confident we will continue to progress," Bell concluded. In late August 2009, Bank of Virginia will be opening a new 3000 square foot branch office in Chesterfield County, Virginia, which will be a relocation of an existing retail storefront branch. Management feels positive that with the existing shareholder and customer base that surrounds the office, it will prove to be a positive addition to... (Primezone Releases)
First Financial Service Corporation Announces Quarterly Results Aug 4, 2009
Customer service fees on deposit accounts increased $13,000 for the second quarter 2009 compared to the same quarter in 2008 ... Customer service fees on deposit accounts increased $74,000 for the first six months of 2009 compared to the same period in 2008 ... Keefe, Bruyette & Woods, Inc. FTN Midwest Securities J.J.B. Hilliard, W.L. Lyons Company, Inc. Howe Barnes Investments, Inc. Stifel Nicolaus & Company Knight Securities, LP FIRST FINANCIAL SERVICE CORPORATION Consolidated Balance Sheets... (PR Newswire)
Cash-for-Clunkers Already Running Out of Cash? Aug 1, 2009
I took out a loan at my local credit union, which helps the credit union to keep the interest rates low on loans and high on deposit accounts. I now have a car that gets 27 MPG opposed to the 17 MPG pile o junk I had before. (Atlanta Journal-Constitution -- Opinion)
State Bank Corp Reports Second Quarter Results Aug 1, 2009
The office has opened over $3 million in new deposit accounts during the first two weeks of operation. "The operating strategy to grow core deposit funding and reduce reliance on FHLB borrowing is paying off. We are expecting our new Yuma location to supplement recent deposit growth success. Unfortunately, we continue to experience an increase in the cost of resolving credit challenges within our portfolio, given a severe downturn in real estate values," commented Brian M. Riley, Chief Executive... (Primezone Releases)
United Security Bancshares, Inc. Reports Second Quarter Results Aug 1, 2009
7 million related to the settlement of a lawsuit, offset partially by lower service charges and fees on deposit accounts ... UNITED SECURITY BANCSHARES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Dollars in Thousands, Except Per Share Data) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2009 2008 2009 2008 ---- ---- ---- ---- (Unaudited) (Unaudited) INTEREST INCOME: Interest and Fees on Loans $9,754 $10,832 $19,489 $22,325 Interest on Investment... (PR Newswire)
Central Pacific Financial Corp. Reports Second Quarter 2009 Results Jul 30, 2009
4 million and (5) higher service charges on deposit accounts totaling $0 ... 18 at June 30, 2009, $7,622 at March 31, 2009 and $25,976 at June 30, 2008) 6,830 7,523 26,023 ----- ----- ------ Total investment securities 1,056,779 940,738 841,065 --------- ------- ------- Loans held for sale 84,748 63,056 108,535 Loans and leases 3,688,519 3,818,900 4,077,956 Less allowance for loan and lease losses 166,071 122,286 86,050 ------- ------- ------ Net loans and leases 3,522,448 3,696,614 3,991,906... (PR Newswire)
Unit trust industry expected to grow 25% to 30% Jul 30, 2009
According to Bank Negaras statistics as at April, there was more than RM300bil in savings and fixed deposit accounts. In view of the current low interest rate environment, some of these funds will eventually find their way into unit trust funds which offer better growth potential, he said in an email reply. (The Star Online, Malaysia -- Business)
Northfield Bancorp, Inc. Announces June 30, 2009 Results Jul 30, 2009
" These private label securities had an amortized cost of $202.3 million, and an estimated fair value of $196.2 million, at June 30, 2009. At June 30, 2009, the private label securities portfolio was in a net unrealized loss position of $6.1 million, consisting of gross unrealized losses of $8.0 million, and gross unrealized gains of $1.9 million. All but two of the private label securities were rated AAA at June 30, 2009. Of the two securities, one with an estimated fair value of $5.8 million... (Primezone Releases)
Tidelands Bancshares Announces Second Quarter Results Jul 28, 2009
Tidelands Bancshares, Inc. and Subsidiary Consolidated Statements of Operations (Unaudited) Six Months Ended Three Months Ended June 30, June 30, ------------------------ ------------------------ 2009 2008 2009 2008 ----------- ----------- ----------- ----------- Interest income: Loans, including fees $12,486,519 $13,783,616 $ 6,349,290 $ 6,677,908 Securities avail- able for sale, taxable 4,901,260 2,481,591 1,924,218 1,314,734 Securities avail- able for sale, non-taxable 95,657 149,486 45,091... (Primezone Releases)
