Latest Foundation Bancorp (FDNB) Headlines Fo
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Posted On: 03/09/2014 8:16:38 PM
Latest Foundation Bancorp (FDNB) Headlines
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 The notice stated that the Order is hereby rescinded and no further reporting is necessary.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.
Duane C. Woods Joins Foundation Bancorp Board of Directors
GlobeNewswire - Mon Dec 02, 4:55PM CST
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today announced that Duane Woods has joined its Board of Directors and the Board of Directors of the Bank, effective November 20, 2013. Mr. Woods has been associated with the Bank since its beginning, as a founding investor. Foundation now has nine outside directors serving on its board.
Foundation Bancorp Earns $363,000, or $0.10 Per Diluted Share, in Third Quarter 2013
GlobeNewswire - Fri Nov 01, 2:19PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $363,000, or $0.10 per diluted share, in the third quarter of 2013, compared to $696,000, or $0.20 per diluted share, in the third quarter a year ago. In the first nine months of the year, Foundation's earnings increased 15.5% to $1.9 million, or $0.53 per diluted share, compared to $1.6 million, or $0.47 per diluted share, in the first nine months a year ago. In the current quarter, Foundation booked a $700,000 provision for loan losses to offset charge-offs. This compares to no provision for loan losses in the preceding quarter or the third 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 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.
Duane C. Woods Joins Foundation Bancorp Board of Directors
GlobeNewswire - Mon Dec 02, 4:55PM CST
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today announced that Duane Woods has joined its Board of Directors and the Board of Directors of the Bank, effective November 20, 2013. Mr. Woods has been associated with the Bank since its beginning, as a founding investor. Foundation now has nine outside directors serving on its board.
Foundation Bancorp Earns $363,000, or $0.10 Per Diluted Share, in Third Quarter 2013
GlobeNewswire - Fri Nov 01, 2:19PM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported it earned $363,000, or $0.10 per diluted share, in the third quarter of 2013, compared to $696,000, or $0.20 per diluted share, in the third quarter a year ago. In the first nine months of the year, Foundation's earnings increased 15.5% to $1.9 million, or $0.53 per diluted share, compared to $1.6 million, or $0.47 per diluted share, in the first nine months a year ago. In the current quarter, Foundation booked a $700,000 provision for loan losses to offset charge-offs. This compares to no provision for loan losses in the preceding quarter or the third 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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