Latest Blackhawk Bancorp Inc (BHWB) Headlines
Blackhawk Bancorp Announces Record Earnings for 2013
Business Wire - Wed Feb 05, 3:32PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $1,840,000 for the fourth quarter of 2013, a 136% increase compared to $781,000 earned in the fourth quarter of 2012. For the year ended December 31, 2013 the company's net income was $3,915,000, a 34% increase compared to $2,912,000 earned in 2012.
Blackhawk Bancorp Appoints Executives to New Posts
Business Wire - Fri Jan 10, 9:13AM CST
Blackhawk Bancorp, Inc. announced that R. Richard Bastian, President and Chief Executive Officer, has been given additional responsibilities as the Chairman of the Board of both the Company and its subsidiary, Blackhawk Bank. David Adkins, Executive Vice President, has been promoted to Chief Operating Officer. Todd James remains Executive Vice President and Chief Financial Officer. Bastian, Adkins and James will be the executive officers of Blackhawk Bancorp.
Blackhawk Bancorp Announces Third Quarter 2013 Results
Business Wire - Fri Oct 18, 1:23PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $980,000 for the third quarter of 2013, a 38% increase compared to $708,000 earned in the third quarter of 2012. For the first nine months of 2013 the company's net income was $2,076,000, a 3% decrease compared to $2,132,000 earned the first nine months of 2012.
Blackhawk Bancorp Announces Second Quarter 2013 Results
Business Wire - Fri Jul 26, 9:30AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income $513,000 for the second quarter of 2013, a 31% drop compared to $745,000 earned in the second quarter of 2012. For the six months of 2013 the company's net income was $1,096,000, a 23% decrease compared to $1,423,000 earned the first six months of 2012.
Blackhawk Bancorp Announces First Quarter 2013 Results
PR Newswire - Wed Apr 24, 1:30PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported earnings of $583,000 for the quarter ended March 31, 2013, a 14% decrease compared to $678,000 earned in the first quarter of 2012. Earnings per diluted share for the quarter decreased $0.05 to $0.19 compared to $0.24 the first quarter of 2012. The company saw improvements in net interest income and the provision for loan losses, which were more than offset by a decline in non-interest income. The decline in non-interest income was primarily due to a slow-down in mortgage refinance activity, and a reduction in the net gain on sale of securities and other assets. "Our net interest income and other recurring revenues have held up well despite pressure from intense competition for high quality loans and the pro-longed low interest rate environment," said Rick Bastian, the company's president and CEO. "The historically high provision for loan losses continues to be the primary drag on our earnings, however we're making progress in our efforts to reduce p
Blackhawk Bancorp Announces Private Placement of Subordinated Notes
PR Newswire - Mon Apr 01, 3:00PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today announced that it has successfully raised $6.1 million of subordinated debt. The notes were offered pursuant to a Private Placement Memorandum and sold only to certain "accredited investors" as defined by Rule 501 under the Securities Act of 1933, as amended. The offering was fully subscribed with the proceeds being used to extinguish the company's senior debt. "The notes were structured to qualify as tier 2 capital under federal regulatory capital guidelines," said Todd James, the company's chief financial officer. "This transaction is part of our continuing effort to strengthen the company's capital position without diluting our current shareholders," he added.
Blackhawk Bancorp Announces Fourth Quarter and Annual 2012 Results
PR Newswire - Fri Feb 08, 3:00PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported net income of $781,000 for the quarter ended December 31, 2012, a 7% increase compared to the $731,000 earned in the fourth quarter of 2011. For the year ended December 31, 2012 Blackhawk reported net income of $2,912,000, a 20% increase compared to $2,426,000 earned in 2011. Strong growth in noninterest income, led by mortgage banking revenue, more than offset an increase in the provision for loan losses for the year.
Blackhawk Bancorp Announces Record Earnings for 2013
Business Wire - Wed Feb 05, 3:32PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $1,840,000 for the fourth quarter of 2013, a 136% increase compared to $781,000 earned in the fourth quarter of 2012. For the year ended December 31, 2013 the company's net income was $3,915,000, a 34% increase compared to $2,912,000 earned in 2012.
Blackhawk Bancorp Appoints Executives to New Posts
Business Wire - Fri Jan 10, 9:13AM CST
Blackhawk Bancorp, Inc. announced that R. Richard Bastian, President and Chief Executive Officer, has been given additional responsibilities as the Chairman of the Board of both the Company and its subsidiary, Blackhawk Bank. David Adkins, Executive Vice President, has been promoted to Chief Operating Officer. Todd James remains Executive Vice President and Chief Financial Officer. Bastian, Adkins and James will be the executive officers of Blackhawk Bancorp.
Blackhawk Bancorp Announces Third Quarter 2013 Results
Business Wire - Fri Oct 18, 1:23PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $980,000 for the third quarter of 2013, a 38% increase compared to $708,000 earned in the third quarter of 2012. For the first nine months of 2013 the company's net income was $2,076,000, a 3% decrease compared to $2,132,000 earned the first nine months of 2012.
Blackhawk Bancorp Announces Second Quarter 2013 Results
Business Wire - Fri Jul 26, 9:30AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income $513,000 for the second quarter of 2013, a 31% drop compared to $745,000 earned in the second quarter of 2012. For the six months of 2013 the company's net income was $1,096,000, a 23% decrease compared to $1,423,000 earned the first six months of 2012.
Blackhawk Bancorp Announces First Quarter 2013 Results
PR Newswire - Wed Apr 24, 1:30PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported earnings of $583,000 for the quarter ended March 31, 2013, a 14% decrease compared to $678,000 earned in the first quarter of 2012. Earnings per diluted share for the quarter decreased $0.05 to $0.19 compared to $0.24 the first quarter of 2012. The company saw improvements in net interest income and the provision for loan losses, which were more than offset by a decline in non-interest income. The decline in non-interest income was primarily due to a slow-down in mortgage refinance activity, and a reduction in the net gain on sale of securities and other assets. "Our net interest income and other recurring revenues have held up well despite pressure from intense competition for high quality loans and the pro-longed low interest rate environment," said Rick Bastian, the company's president and CEO. "The historically high provision for loan losses continues to be the primary drag on our earnings, however we're making progress in our efforts to reduce p
Blackhawk Bancorp Announces Private Placement of Subordinated Notes
PR Newswire - Mon Apr 01, 3:00PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today announced that it has successfully raised $6.1 million of subordinated debt. The notes were offered pursuant to a Private Placement Memorandum and sold only to certain "accredited investors" as defined by Rule 501 under the Securities Act of 1933, as amended. The offering was fully subscribed with the proceeds being used to extinguish the company's senior debt. "The notes were structured to qualify as tier 2 capital under federal regulatory capital guidelines," said Todd James, the company's chief financial officer. "This transaction is part of our continuing effort to strengthen the company's capital position without diluting our current shareholders," he added.
Blackhawk Bancorp Announces Fourth Quarter and Annual 2012 Results
PR Newswire - Fri Feb 08, 3:00PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported net income of $781,000 for the quarter ended December 31, 2012, a 7% increase compared to the $731,000 earned in the fourth quarter of 2011. For the year ended December 31, 2012 Blackhawk reported net income of $2,912,000, a 20% increase compared to $2,426,000 earned in 2011. Strong growth in noninterest income, led by mortgage banking revenue, more than offset an increase in the provision for loan losses for the year.
