Latest Folsom Lake Bank CA (FOLB) Headlines
Folsom Lake Bank 2013 Earnings Up 73%
GlobeNewswire - Fri Jan 24, 6:01PM CST
Folsom Lake Bank (OTC Markets:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2013. The Bank reported net income of $1,042,715 for the twelve months ending December 31, 2013, an increase of 72.9% compared to 2012. The Bank completed its 16 consecutive profitable quarter with earnings of $365,374 for the three month period ending December 31, 2013, up 72.2% compared to $212,213 for the fourth quarter of 2012. Earnings per share increased to $0.65 for 2013 from $0.38 in 2012, an increase of 71.1%. "The Bank had another solid year with a record increase in earnings coupled with strong growth in assets compared to the previous year," said Robert J. Flautt, President and Chief Executive Officer. "As Folsom Lake Bank continues to grow assets and improve efficiencies, we expect these positive earnings trends to continue."
Folsom Lake Bank Nine Month Earnings up 73%
GlobeNewswire - Thu Oct 17, 3:01PM CDT
Folsom Lake Bank (OTC Bulletin Board:FOLB), announced unaudited financial results for the third quarter and nine months ending September 30, 2013. For the first nine months of 2013, the Bank reported net income of $677,342, an increase of 73.3% compared to earnings of $390,791 for the first nine months of 2012. The Bank increased its string of consecutive profitable quarters with net income of $257,781, up 119.6% compared to $117,410 for the third quarter of 2012. "As Folsom Lake Bank generates higher levels of earning assets and improved efficiencies, we continue to see positive trends in earnings," said Robert J. Flautt, President and Chief Executive Officer. "The Bank has consistently reported higher levels of earnings now for 15 consecutive quarters of operation."
Folsom Lake Bank Second Quarter Earnings Up 65%
GlobeNewswire - Thu Jul 18, 3:00PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced unaudited financial results for the quarter and six months periods ending June 30, 2013. The Bank reported its fourteenth consecutive profitable quarter with net income of $266,478, up 64.7% compared to $161,784 for the 2 quarter of 2012. For the first six months of 2013, the Bank reported net income of $419,560, an increase of 53.5% compared to earnings of $273,381 for the first half of 2012. "We are pleased to see the improved economic outlook which has had a positive impact on the bank's trend toward higher earnings," said Robert J. Flautt, President and Chief Executive Officer. "The continued recovery in the real estate and housing markets should help the regional economy to return to a more normal level of activity and allow local banks to continue improving their financial performance."
Folsom Lake Bank First Quarter Earnings Up 37%
GlobeNewswire - Thu Apr 18, 4:00PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced unaudited financial results for the three month ending March 31, 2013. The Bank reported its 13 consecutive quarter of profitability with net income of $153,083 compared to $111,597 for the 1 quarter of 2012, an increase of 37.2%. Assets increased by 12.7%, growing from $117.3 million at the end of the 1 quarter of 2012 to $132.3 million as of March 31, 2013. Earnings per share for the quarter were up 42%, growing from $0.07 in 2012 to $0.10 for 2013.
Dangerfield Joins Folsom Lake Bank Board
GlobeNewswire - Thu Mar 21, 5:16PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced today that Mr. Howard J. Dangerfield has joined the Board of Directors of Folsom Lake Bank. Mr. Dangerfield is a veteran banker with many years experience in the banking industry. He also has specific expertise in lending and bank operations. "We are delighted to welcome Jim to the organization and feel certain that he will be able to help our Classic Community Bank continue to grow and prosper."
Folsom Lake Bank Reports Increased 2012 Earnings
GlobeNewswire - Fri Feb 01, 1:17PM CST
Folsom Lake Bank (OTCBB:FOLB) announced financial results for the fourth quarter and the year ending December 31, 2012. The Bank reported net income of $603,002 for the twelve months ending December 31, 2012, an increase of 22.3% compared to 2011. The Bank completed its 12 consecutive profitable quarter with earnings of $212,213 for the three month period ending December 31, 2012. Earnings per share increased to $0.38 for 2012 from $0.31 in 2011.
Folsom Lake Bank 2013 Earnings Up 73%
GlobeNewswire - Fri Jan 24, 6:01PM CST
Folsom Lake Bank (OTC Markets:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2013. The Bank reported net income of $1,042,715 for the twelve months ending December 31, 2013, an increase of 72.9% compared to 2012. The Bank completed its 16 consecutive profitable quarter with earnings of $365,374 for the three month period ending December 31, 2013, up 72.2% compared to $212,213 for the fourth quarter of 2012. Earnings per share increased to $0.65 for 2013 from $0.38 in 2012, an increase of 71.1%. "The Bank had another solid year with a record increase in earnings coupled with strong growth in assets compared to the previous year," said Robert J. Flautt, President and Chief Executive Officer. "As Folsom Lake Bank continues to grow assets and improve efficiencies, we expect these positive earnings trends to continue."
Folsom Lake Bank Nine Month Earnings up 73%
GlobeNewswire - Thu Oct 17, 3:01PM CDT
Folsom Lake Bank (OTC Bulletin Board:FOLB), announced unaudited financial results for the third quarter and nine months ending September 30, 2013. For the first nine months of 2013, the Bank reported net income of $677,342, an increase of 73.3% compared to earnings of $390,791 for the first nine months of 2012. The Bank increased its string of consecutive profitable quarters with net income of $257,781, up 119.6% compared to $117,410 for the third quarter of 2012. "As Folsom Lake Bank generates higher levels of earning assets and improved efficiencies, we continue to see positive trends in earnings," said Robert J. Flautt, President and Chief Executive Officer. "The Bank has consistently reported higher levels of earnings now for 15 consecutive quarters of operation."
Folsom Lake Bank Second Quarter Earnings Up 65%
GlobeNewswire - Thu Jul 18, 3:00PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced unaudited financial results for the quarter and six months periods ending June 30, 2013. The Bank reported its fourteenth consecutive profitable quarter with net income of $266,478, up 64.7% compared to $161,784 for the 2 quarter of 2012. For the first six months of 2013, the Bank reported net income of $419,560, an increase of 53.5% compared to earnings of $273,381 for the first half of 2012. "We are pleased to see the improved economic outlook which has had a positive impact on the bank's trend toward higher earnings," said Robert J. Flautt, President and Chief Executive Officer. "The continued recovery in the real estate and housing markets should help the regional economy to return to a more normal level of activity and allow local banks to continue improving their financial performance."
Folsom Lake Bank First Quarter Earnings Up 37%
GlobeNewswire - Thu Apr 18, 4:00PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced unaudited financial results for the three month ending March 31, 2013. The Bank reported its 13 consecutive quarter of profitability with net income of $153,083 compared to $111,597 for the 1 quarter of 2012, an increase of 37.2%. Assets increased by 12.7%, growing from $117.3 million at the end of the 1 quarter of 2012 to $132.3 million as of March 31, 2013. Earnings per share for the quarter were up 42%, growing from $0.07 in 2012 to $0.10 for 2013.
Dangerfield Joins Folsom Lake Bank Board
GlobeNewswire - Thu Mar 21, 5:16PM CDT
Folsom Lake Bank (OTCBB:FOLB), announced today that Mr. Howard J. Dangerfield has joined the Board of Directors of Folsom Lake Bank. Mr. Dangerfield is a veteran banker with many years experience in the banking industry. He also has specific expertise in lending and bank operations. "We are delighted to welcome Jim to the organization and feel certain that he will be able to help our Classic Community Bank continue to grow and prosper."
Folsom Lake Bank Reports Increased 2012 Earnings
GlobeNewswire - Fri Feb 01, 1:17PM CST
Folsom Lake Bank (OTCBB:FOLB) announced financial results for the fourth quarter and the year ending December 31, 2012. The Bank reported net income of $603,002 for the twelve months ending December 31, 2012, an increase of 22.3% compared to 2011. The Bank completed its 12 consecutive profitable quarter with earnings of $212,213 for the three month period ending December 31, 2012. Earnings per share increased to $0.38 for 2012 from $0.31 in 2011.
