Latest Minden Bancorp Inc (MDNB) Headlines
Minden Bancorp, Inc. Reports Results of Operations for the Year and 4th Quarter Ended December 31, 2013
GlobeNewswire - Tue Feb 18, 3:05PM CST
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended December 31, 2013 of $888,000 or $0.37 per diluted share, as compared to net income of $792,000 or $0.32 per diluted share for the quarter ended December 31, 2012. The $96,000 or 12.1% increase reflects a $127,000 increase in net interest income, a $65,000 increase in non-interest income, a $51,000 increase in non-interest expense and a $7,000 decrease in the provision for loan losses. Income tax expense increased by $52,000 for the quarter ended December 31, 2013 as compared to the quarter ended December 31, 2012 primarily due to increased net income.
Minden Bancorp, Inc. Announces Intention to Deregister as Reporting Company With the SEC
GlobeNewswire - Thu Feb 06, 3:30PM CST
Minden Bancorp, Inc. (the "Company") (OTC BB:MDNB) announced today that its Board of Directors approved the deregistration of the Company as a reporting company with the Securities and Exchange Commission. The Company intends to file a Form 15 with the SEC on or about February 7, 2014 in order to terminate the registration of the common stock under Section 12 of the Securities Exchange Act of 1934 and expects the deregistration to become effective 90 days after the Form 15 is filed. At such time, the Company's periodic reporting obligations under Sections 13 and 15(d) of the Exchange Act would be suspended, including its obligations to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. The Company's common stock will continue to be quoted and traded under the symbol "MDNB" on the OTCBB.
Minden Bancorp, Inc. Announces Declaration of a Cash Dividend
GlobeNewswire - Wed Jan 15, 3:38PM CST
Minden Bancorp, Inc. (the "Company" or "Minden Bancorp") (OTCBB:MDNB) announced today that its Board of Directors at their meeting on January 14, 2014, declared a cash dividend of $0.095 per share on the common stock of the Company, payable on February 3, 2014 to the shareholders of record at the close of business on January 24, 2014.
Minden Bancorp, Inc. Reports Results of Operations for the 3rd Quarter Ended September 30, 2013
GlobeNewswire - Mon Oct 28, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended September 30, 2013 of $866,000 or $0.36 per diluted share, as compared to net income of $803,000 or $0.33 per diluted share for the quarter ended September 30, 2012. The $63,000 or 7.8% increase reflects a $91,000 increase in net interest income, a $23,000 increase in non-interest income, a $26,000 increase in non-interest expense and a $6,000 decrease in the provision for loan losses. Income tax expense increased by $31,000 for the quarter ended September 30, 2013 as compared to the quarter ended September 30, 2012 primarily due to increased net income.
Minden Bancorp, Inc. Reports Results of Operations for the 2nd Quarter Ended June 30, 2013
GlobeNewswire - Tue Jul 23, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended June 30, 2013 of $869,000 or $0.36 per diluted share, as compared to net income of $755,000 or $0.31 per diluted share for the quarter ended June 30, 2012. The $114,000 or 15.1% increase reflects a $72,000 increase in net interest income and a $20,000 increase in non-interest income, decreases in non-interest expense and the provision for loan losses of $1,000 and $8,000, respectively. Additionally, income tax expense decreased by $13,000 for the quarter ended June 30, 2013 as compared to the quarter ended June 30, 2012 primarily due to increased income from tax-free municipals.
Minden Bancorp, Inc. Reports Results of Operations for the 1st Quarter Ended March 31, 2013
GlobeNewswire - Mon Apr 29, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended March 31, 2013 of $792,000 or $0.33 per diluted share, as compared to net income of $686,000 or $0.28 per diluted share for the quarter ended March 31, 2012. The $106,000 or 15.5% increase reflects a $46,000 increase in net interest income and a $31,000 increase in non-interest income, decreases in non-interest expense and the provision for loan losses of $54,000 and $7,000, respectively, offset by an increase of $32,000 in the provision for income taxes.
Minden Bancorp, Inc. Announces Adoption of New Stock Repurchase Program
GlobeNewswire - Wed Feb 13, 4:00PM CST
Minden Bancorp, Inc. (the "Company" or "Minden Bancorp") (OTCBB:MDNB) today announced that its Board of Directors approved the adoption of the Company's third stock repurchase program following MBL Bank's second step conversion offering completed in January 2011. The stock repurchase program provides for the repurchase of up to 120,000 shares, or approximately 5% of the Company's outstanding common stock, from time to time, in open market or privately negotiated transactions. The Company will commence the third repurchase program upon completion of its second repurchase program covering 50,000 shares previously announced in October 2012. As of the date hereof, approximately 30,500 shares remain to be repurchased pursuant to the second repurchase program. Upon completion of the third repurchase program, the Company will have repurchased approximately 10% of its issued and outstanding shares of common stock.
Minden Bancorp, Inc. Reports Results of Operations for the Year and 4th Quarter Ended December 31, 2013
GlobeNewswire - Tue Feb 18, 3:05PM CST
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended December 31, 2013 of $888,000 or $0.37 per diluted share, as compared to net income of $792,000 or $0.32 per diluted share for the quarter ended December 31, 2012. The $96,000 or 12.1% increase reflects a $127,000 increase in net interest income, a $65,000 increase in non-interest income, a $51,000 increase in non-interest expense and a $7,000 decrease in the provision for loan losses. Income tax expense increased by $52,000 for the quarter ended December 31, 2013 as compared to the quarter ended December 31, 2012 primarily due to increased net income.
Minden Bancorp, Inc. Announces Intention to Deregister as Reporting Company With the SEC
GlobeNewswire - Thu Feb 06, 3:30PM CST
Minden Bancorp, Inc. (the "Company") (OTC BB:MDNB) announced today that its Board of Directors approved the deregistration of the Company as a reporting company with the Securities and Exchange Commission. The Company intends to file a Form 15 with the SEC on or about February 7, 2014 in order to terminate the registration of the common stock under Section 12 of the Securities Exchange Act of 1934 and expects the deregistration to become effective 90 days after the Form 15 is filed. At such time, the Company's periodic reporting obligations under Sections 13 and 15(d) of the Exchange Act would be suspended, including its obligations to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. The Company's common stock will continue to be quoted and traded under the symbol "MDNB" on the OTCBB.
Minden Bancorp, Inc. Announces Declaration of a Cash Dividend
GlobeNewswire - Wed Jan 15, 3:38PM CST
Minden Bancorp, Inc. (the "Company" or "Minden Bancorp") (OTCBB:MDNB) announced today that its Board of Directors at their meeting on January 14, 2014, declared a cash dividend of $0.095 per share on the common stock of the Company, payable on February 3, 2014 to the shareholders of record at the close of business on January 24, 2014.
Minden Bancorp, Inc. Reports Results of Operations for the 3rd Quarter Ended September 30, 2013
GlobeNewswire - Mon Oct 28, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended September 30, 2013 of $866,000 or $0.36 per diluted share, as compared to net income of $803,000 or $0.33 per diluted share for the quarter ended September 30, 2012. The $63,000 or 7.8% increase reflects a $91,000 increase in net interest income, a $23,000 increase in non-interest income, a $26,000 increase in non-interest expense and a $6,000 decrease in the provision for loan losses. Income tax expense increased by $31,000 for the quarter ended September 30, 2013 as compared to the quarter ended September 30, 2012 primarily due to increased net income.
Minden Bancorp, Inc. Reports Results of Operations for the 2nd Quarter Ended June 30, 2013
GlobeNewswire - Tue Jul 23, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended June 30, 2013 of $869,000 or $0.36 per diluted share, as compared to net income of $755,000 or $0.31 per diluted share for the quarter ended June 30, 2012. The $114,000 or 15.1% increase reflects a $72,000 increase in net interest income and a $20,000 increase in non-interest income, decreases in non-interest expense and the provision for loan losses of $1,000 and $8,000, respectively. Additionally, income tax expense decreased by $13,000 for the quarter ended June 30, 2013 as compared to the quarter ended June 30, 2012 primarily due to increased income from tax-free municipals.
Minden Bancorp, Inc. Reports Results of Operations for the 1st Quarter Ended March 31, 2013
GlobeNewswire - Mon Apr 29, 3:05PM CDT
Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended March 31, 2013 of $792,000 or $0.33 per diluted share, as compared to net income of $686,000 or $0.28 per diluted share for the quarter ended March 31, 2012. The $106,000 or 15.5% increase reflects a $46,000 increase in net interest income and a $31,000 increase in non-interest income, decreases in non-interest expense and the provision for loan losses of $54,000 and $7,000, respectively, offset by an increase of $32,000 in the provision for income taxes.
Minden Bancorp, Inc. Announces Adoption of New Stock Repurchase Program
GlobeNewswire - Wed Feb 13, 4:00PM CST
Minden Bancorp, Inc. (the "Company" or "Minden Bancorp") (OTCBB:MDNB) today announced that its Board of Directors approved the adoption of the Company's third stock repurchase program following MBL Bank's second step conversion offering completed in January 2011. The stock repurchase program provides for the repurchase of up to 120,000 shares, or approximately 5% of the Company's outstanding common stock, from time to time, in open market or privately negotiated transactions. The Company will commence the third repurchase program upon completion of its second repurchase program covering 50,000 shares previously announced in October 2012. As of the date hereof, approximately 30,500 shares remain to be repurchased pursuant to the second repurchase program. Upon completion of the third repurchase program, the Company will have repurchased approximately 10% of its issued and outstanding shares of common stock.
