Peoples Bk of Com Or (PBCO) 10.2500 $PBCO
People's Bank Restates Earnings Upward
Business Wire - Thu Apr 24, 5:15PM CDT
People's Bank of Commerce (OTCBB
BCO) reported that earnings for the year ended December 31, 2013 were restated to correct accounting methodology. The result of the change is to increase 2013 earnings by $126,000 or 14 percent to $1,012,000, or $0.68 per share compared to the previously reported amount of $886,000 or $0.59 per share. For the year ended December 31, 2012, the bank had earnings of $875,000, or $0.71 per share, and for the three months ended March 31, 2013, the bank earned $103,000, or $0.08 per share. Additionally, earnings for the first quarter of 2014 were restated to $204,000 or $0.11 per share, compared to the previously reported amount of $168,000 or $0.09 per share.
People's Bank Reports a 64 Percent Increase in 1st Quarter Earnings
Business Wire - Wed Apr 16, 6:55PM CDT
People's Bank of Commerce (OTCBBBCO) reported today that its earnings for the first quarter of 2014 were $168,000, compared to $103,000 during the first quarter of 2013. The Bank reported earnings of $0.09 per share for the three months ending March 31, 2014, compared to $0.08 per share in 2013. People's Bank had a 13 percent increase in net interest income in the first quarter of 2014 when compared to the same period last year. Non-interest income was down 12 percent from the prior year during the first quarter of 2014, primarily due to a reduction in mortgage loan income.
People's Bank Declares 5% Stock Dividend
Business Wire - Mon Mar 24, 11:09AM CDT
The Board of Directors of People's Bank of Commerce (OTCBBBCO) announced that it has declared a five percent stock dividend, subject to shareholder approval of an amendment to the articles of incorporation increasing the number of authorized shares of common stock from the current two million to four million shares, at the annual meeting of shareholders on April 23, 2014. The five percent stock dividend is to be paid on or about June 16, 2014 to shareholders of record May 15, 2014.
People's Bank Reports 50% Increase in Fourth Quarter Earnings
Business Wire - Thu Jan 23, 11:20AM CST
People's Bank of Commerce (OTCBBBCO) reported fourth quarter earnings for 2013 were $301,000 or $0.17 per share, compared to $199,000 or $0.16 per share for the same quarter in 2012. "Fourth quarter earnings gained one cent per share even though the Bank sold over 500,000 new shares of common stock during the 3rd and 4th quarters of 2013," said Ken Trautman, President and CEO. Net interest income for the fourth quarter of 2013 was up 17 percent, when compared to the same quarter in the prior year, due to strong loan growth.
People's Bank Reports Second Quarter Earnings Up 32%
Business Wire - Mon Jul 15, 7:20PM CDT
People's Bank of Commerce (OTCBBBCO) today reported earnings of $362,000 for the first six months of 2013 compared to $424,000 for the same period last year. The Bank reported earnings of $0.28 per share for the first six months of 2013, compared to $0.35 per share for the prior year. Net interest income was up 15% year-to-date over the prior year. "The Bank has experienced strong loan and deposit growth for the past 10 quarters and the continued growth in net interest income has followed," said Ken Trautman, President and CEO of People's Bank.
People's Bank of Commerce Announces New Capital Offering
Business Wire - Fri Jun 07, 5:28PM CDT
People's Bank of Commerce (OTCBB: PBCO), headquartered in Medford, Oregon, is offering for sale up to 500,000 shares of its common stock to existing shareholders, employees and the public at $10.00 per share. The Offering will commence June 10, and expire on August 31, 2013, unless we terminate it earlier or extend it.
People's Bank Reports Strong Asset Growth
Business Wire - Tue Apr 23, 7:22PM CDT
People's Bank of Commerce (OTCBB: PBCO) reported today that its earnings for the first quarter of 2013 were $103,000, compared to $227,000 during the first quarter of 2012. The Bank reported earnings of $0.08 per share for the three months ending March 31, 2013, compared to $0.19 per share in 2012. People's Bank had a 14 percent increase in net interest income in the first quarter of 2013, when compared to the same period last year. Non-interest income was down 13 percent from the prior year during the first quarter of 2013, primarily due to a reduction in mortgage loan income.
People's Bank Reports 66% Increase in Earnings in 2012
Business Wire - Tue Jan 22, 5:21PM CST
People's Bank of Commerce (OTCBB: PBCO) reported earnings for the year ended December 31, 2012, of $875,000 or $0.74 per share, compared to earnings of $528,000 or $0.45 per share during 2011. Net interest income for the year of $5.5 million was up 14 percent from $4.8 million in 2011. At December 31, 2012, the bank reported a 20 percent increase in portfolio loans to $112.1 million, a 14 percent increase in total assets to $144.5 million, and a 14 percent increase in deposits to $125.7 million, when compared to the prior year.
People's Bank Restates Earnings Upward
Business Wire - Thu Apr 24, 5:15PM CDT
People's Bank of Commerce (OTCBB
BCO) reported that earnings for the year ended December 31, 2013 were restated to correct accounting methodology. The result of the change is to increase 2013 earnings by $126,000 or 14 percent to $1,012,000, or $0.68 per share compared to the previously reported amount of $886,000 or $0.59 per share. For the year ended December 31, 2012, the bank had earnings of $875,000, or $0.71 per share, and for the three months ended March 31, 2013, the bank earned $103,000, or $0.08 per share. Additionally, earnings for the first quarter of 2014 were restated to $204,000 or $0.11 per share, compared to the previously reported amount of $168,000 or $0.09 per share. People's Bank Reports a 64 Percent Increase in 1st Quarter Earnings
Business Wire - Wed Apr 16, 6:55PM CDT
People's Bank of Commerce (OTCBB
BCO) reported today that its earnings for the first quarter of 2014 were $168,000, compared to $103,000 during the first quarter of 2013. The Bank reported earnings of $0.09 per share for the three months ending March 31, 2014, compared to $0.08 per share in 2013. People's Bank had a 13 percent increase in net interest income in the first quarter of 2014 when compared to the same period last year. Non-interest income was down 12 percent from the prior year during the first quarter of 2014, primarily due to a reduction in mortgage loan income. People's Bank Declares 5% Stock Dividend
Business Wire - Mon Mar 24, 11:09AM CDT
The Board of Directors of People's Bank of Commerce (OTCBB
BCO) announced that it has declared a five percent stock dividend, subject to shareholder approval of an amendment to the articles of incorporation increasing the number of authorized shares of common stock from the current two million to four million shares, at the annual meeting of shareholders on April 23, 2014. The five percent stock dividend is to be paid on or about June 16, 2014 to shareholders of record May 15, 2014. People's Bank Reports 50% Increase in Fourth Quarter Earnings
Business Wire - Thu Jan 23, 11:20AM CST
People's Bank of Commerce (OTCBB
BCO) reported fourth quarter earnings for 2013 were $301,000 or $0.17 per share, compared to $199,000 or $0.16 per share for the same quarter in 2012. "Fourth quarter earnings gained one cent per share even though the Bank sold over 500,000 new shares of common stock during the 3rd and 4th quarters of 2013," said Ken Trautman, President and CEO. Net interest income for the fourth quarter of 2013 was up 17 percent, when compared to the same quarter in the prior year, due to strong loan growth. People's Bank Reports Second Quarter Earnings Up 32%
Business Wire - Mon Jul 15, 7:20PM CDT
People's Bank of Commerce (OTCBB
BCO) today reported earnings of $362,000 for the first six months of 2013 compared to $424,000 for the same period last year. The Bank reported earnings of $0.28 per share for the first six months of 2013, compared to $0.35 per share for the prior year. Net interest income was up 15% year-to-date over the prior year. "The Bank has experienced strong loan and deposit growth for the past 10 quarters and the continued growth in net interest income has followed," said Ken Trautman, President and CEO of People's Bank. People's Bank of Commerce Announces New Capital Offering
Business Wire - Fri Jun 07, 5:28PM CDT
People's Bank of Commerce (OTCBB: PBCO), headquartered in Medford, Oregon, is offering for sale up to 500,000 shares of its common stock to existing shareholders, employees and the public at $10.00 per share. The Offering will commence June 10, and expire on August 31, 2013, unless we terminate it earlier or extend it.
People's Bank Reports Strong Asset Growth
Business Wire - Tue Apr 23, 7:22PM CDT
People's Bank of Commerce (OTCBB: PBCO) reported today that its earnings for the first quarter of 2013 were $103,000, compared to $227,000 during the first quarter of 2012. The Bank reported earnings of $0.08 per share for the three months ending March 31, 2013, compared to $0.19 per share in 2012. People's Bank had a 14 percent increase in net interest income in the first quarter of 2013, when compared to the same period last year. Non-interest income was down 13 percent from the prior year during the first quarter of 2013, primarily due to a reduction in mortgage loan income.
People's Bank Reports 66% Increase in Earnings in 2012
Business Wire - Tue Jan 22, 5:21PM CST
People's Bank of Commerce (OTCBB: PBCO) reported earnings for the year ended December 31, 2012, of $875,000 or $0.74 per share, compared to earnings of $528,000 or $0.45 per share during 2011. Net interest income for the year of $5.5 million was up 14 percent from $4.8 million in 2011. At December 31, 2012, the bank reported a 20 percent increase in portfolio loans to $112.1 million, a 14 percent increase in total assets to $144.5 million, and a 14 percent increase in deposits to $125.7 million, when compared to the prior year.
