Posted On: 08/03/2014 3:54:13 PM
Post# of 273254
Foundation Bancorp (FDNB) 7.7000 $FDNB
Foundation Bancorp Earns $351,000, or $0.10 per Diluted Share, in Second Quarter 2014, Results Highlighted by Strong Core Deposit Growth
GlobeNewswire - Fri Jul 25, 8:00AM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported that it earned $351,000, or $0.10 per diluted share, in the second quarter of 2014 compared to $522,000, or $0.15 per diluted share in the second quarter of 2013. In the first six months of 2014, Foundation earned $888,000, or $0.25 per diluted share, compared to $1.5 million, or $0.43 per diluted share, in the first six months of 2013. Earnings in the second quarter and first six months of 2014 included a provision for income taxes which was not required previously and reduced net earnings.
Foundation Bancorp Announces Lifting of Consent Order
GlobeNewswire - Tue Feb 25, 9:25AM CST
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported the FDIC and the Washington State Department of Financial Institutions have notified Foundation Bank that they have lifted the Consent Order ("Order"
, which was issued on September 2, 2010, for the Bank. The notice stated that the Order is hereby rescinded and no further reporting is necessary.
Foundation Bancorp Earns $5.2 Million, or $1.48 Per Diluted Share, in Fourth Quarter 2013, Improved Credit Quality Leads to a Recovery of the Deferred Tax Asset
GlobeNewswire - Thu Feb 06, 6:10PM CST
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported that it earned $5.2 million, or $1.48 per diluted share, in the fourth quarter of 2013, compared to $551,000, or $0.16 per diluted share, in the fourth quarter a year ago. For the full year, Foundation's earnings increased substantially to $7.1 million, or $2.02 per diluted share, compared to $2.2 million, or $0.62 per diluted share, in 2012. Foundation's results for the quarter ending December 31, 2013 include a $5.6 million tax benefit as a result of the reversal of its deferred tax asset valuation allowance, which was partially offset by a $1.0 million provision for loan losses. This compares to a $700,000 provision for loan losses in the preceding quarter and no provision in the fourth quarter a year ago.
Foundation Bancorp Earns $521,000 in Second Quarter Highlighted by Improved Credit Quality and Operating Efficiencies
GlobeNewswire - Mon Aug 05, 6:22PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $521,000, or $0.15 per diluted share, in the second quarter of 2013, compared to $581,000, or $0.17 per diluted share, in the second quarter a year ago. In the first six months of the year, Foundation's earnings increased 62.6% to $1.5 million, or $0.43 per diluted share, compared to $935,000, or $0.27 per diluted share, in the like period a year ago.
Foundation Bancorp Earns Record $998,000 in First Quarter; Highlighted by Improved Operating Efficiencies
GlobeNewswire - Fri Apr 26, 2:27PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported its earnings increased 182% to a record $998,000, or $0.28 per diluted share, in the first quarter of 2013 compared to $354,000, or $0.10 per diluted share, in the first quarter a year ago.
Foundation Bancorp Earns $551,000 in Fourth Quarter and $2.2 Million in 2012; Highlighted by Continued Credit Quality Improvements
GlobeNewswire - Fri Feb 08, 10:36AM CST
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $551,000, or $0.16 per diluted share, in the fourth quarter of 2012 compared to a net loss of $3.0 million, or ($0.89) per diluted share, in the fourth quarter a year ago. For all of 2012, Foundation Bancorp earned $2.2 million, or $0.62 per diluted share, compared to a net loss of $5.0 million, or ($1.48) per diluted share, in 2011.
Foundation Bancorp Earns $351,000, or $0.10 per Diluted Share, in Second Quarter 2014, Results Highlighted by Strong Core Deposit Growth
GlobeNewswire - Fri Jul 25, 8:00AM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported that it earned $351,000, or $0.10 per diluted share, in the second quarter of 2014 compared to $522,000, or $0.15 per diluted share in the second quarter of 2013. In the first six months of 2014, Foundation earned $888,000, or $0.25 per diluted share, compared to $1.5 million, or $0.43 per diluted share, in the first six months of 2013. Earnings in the second quarter and first six months of 2014 included a provision for income taxes which was not required previously and reduced net earnings.
Foundation Bancorp Announces Lifting of Consent Order
GlobeNewswire - Tue Feb 25, 9:25AM CST
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported the FDIC and the Washington State Department of Financial Institutions have notified Foundation Bank that they have lifted the Consent Order ("Order"
, which was issued on September 2, 2010, for the Bank. The notice stated that the Order is hereby rescinded and no further reporting is necessary. Foundation Bancorp Earns $5.2 Million, or $1.48 Per Diluted Share, in Fourth Quarter 2013, Improved Credit Quality Leads to a Recovery of the Deferred Tax Asset
GlobeNewswire - Thu Feb 06, 6:10PM CST
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported that it earned $5.2 million, or $1.48 per diluted share, in the fourth quarter of 2013, compared to $551,000, or $0.16 per diluted share, in the fourth quarter a year ago. For the full year, Foundation's earnings increased substantially to $7.1 million, or $2.02 per diluted share, compared to $2.2 million, or $0.62 per diluted share, in 2012. Foundation's results for the quarter ending December 31, 2013 include a $5.6 million tax benefit as a result of the reversal of its deferred tax asset valuation allowance, which was partially offset by a $1.0 million provision for loan losses. This compares to a $700,000 provision for loan losses in the preceding quarter and no provision in the fourth quarter a year ago.
Foundation Bancorp Earns $521,000 in Second Quarter Highlighted by Improved Credit Quality and Operating Efficiencies
GlobeNewswire - Mon Aug 05, 6:22PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $521,000, or $0.15 per diluted share, in the second quarter of 2013, compared to $581,000, or $0.17 per diluted share, in the second quarter a year ago. In the first six months of the year, Foundation's earnings increased 62.6% to $1.5 million, or $0.43 per diluted share, compared to $935,000, or $0.27 per diluted share, in the like period a year ago.
Foundation Bancorp Earns Record $998,000 in First Quarter; Highlighted by Improved Operating Efficiencies
GlobeNewswire - Fri Apr 26, 2:27PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported its earnings increased 182% to a record $998,000, or $0.28 per diluted share, in the first quarter of 2013 compared to $354,000, or $0.10 per diluted share, in the first quarter a year ago.
Foundation Bancorp Earns $551,000 in Fourth Quarter and $2.2 Million in 2012; Highlighted by Continued Credit Quality Improvements
GlobeNewswire - Fri Feb 08, 10:36AM CST
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $551,000, or $0.16 per diluted share, in the fourth quarter of 2012 compared to a net loss of $3.0 million, or ($0.89) per diluted share, in the fourth quarter a year ago. For all of 2012, Foundation Bancorp earned $2.2 million, or $0.62 per diluted share, compared to a net loss of $5.0 million, or ($1.48) per diluted share, in 2011.
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