Folsom Lake Bank CA (FOLB) 8.5050 $FOLB
Dr. Thelma Scott-Skillman Joins Folsom Lake Bank Board
GlobeNewswire - Fri Aug 01, 3:44PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Dr. Thelma Scott-Skillman has joined the Folsom Lake Bank Board of Directors. Dr. Skillman has significant leadership experience in community colleges spanning four decades. Serving as an education consultant, her newest venture is interim President and CEO of the Community College League of California, a professional organization for CEOs and Trustees in California community colleges. She recently completed a yearlong interim assignment as Chancellor of the San Francisco Community College District focused on accreditation and district financial matters. Most notable throughout the Sacramento region, Dr. Scott-Skillman was founding President of Folsom Lake College, a position held for 11 years. While there, she provided leadership and vision for a new community college, including education center conversions, initial accreditation, comprehensive education and facilities master planning, and a regional performing arts center (Three Stages). She has held other community college administrative positions across California, including vice chancellor at the system level for community colleges. Her faculty service included 16 years as an instructor and counselor at Diablo Valley College, Los Medanos College, Oakland Public Schools, and Cal-State University, Hayward (now East Bay). A consummate educator, Dr. Scott-Skillman has served on numerous boards such as: American Association of Community Colleges (AACC); Folsom Economic Development Board; Presidents' Round Table; and the New Sacramento High School Board. Her community involvement includes local Chambers of Commerce; Rotary International (Paul Harris Fellow); Buckeye USD Bond Oversight Committee; and Classical Masters Music Festival.
Folsom Lake Bank Earnings Up 13.6%
GlobeNewswire - Thu Jul 17, 6:00PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the six month period ending June 30, 2014. For the first six months of 2014, the Bank reported net income of $476,225, an increase of 13.6% over the same six month period of 2013. This is the Bank's eighteenth consecutive profitable quarter with net income for the second quarter 2014 of $244,185, down 8.4% from the 2013 second quarter results but up 5.0% from the first quarter 2014 results. Net income for the second quarter of 2014 was impacted by higher expenses associated with preopening costs for the new branch in Rancho Cordova. "The continuing improvement in the local economy is helping to propel significant growth in the Bank's revenue compared to 2013," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing increased lending opportunities for the first time in years, and this increased activity bodes well for continued improvement in local economic activity."
Jay Freeman Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 07, 1:12PM CDT
Folsom Lake Bank (OTC: FOLB) today announced that Mr. Jay Freeman has joined the Board of Directors of Folsom Lake Bank. Jay is a Senior Advisor to Gallup working with clients both in the US and abroad to help them deepen customer relationships, increase market share and profitability.
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 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.
Dr. Thelma Scott-Skillman Joins Folsom Lake Bank Board
GlobeNewswire - Fri Aug 01, 3:44PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Dr. Thelma Scott-Skillman has joined the Folsom Lake Bank Board of Directors. Dr. Skillman has significant leadership experience in community colleges spanning four decades. Serving as an education consultant, her newest venture is interim President and CEO of the Community College League of California, a professional organization for CEOs and Trustees in California community colleges. She recently completed a yearlong interim assignment as Chancellor of the San Francisco Community College District focused on accreditation and district financial matters. Most notable throughout the Sacramento region, Dr. Scott-Skillman was founding President of Folsom Lake College, a position held for 11 years. While there, she provided leadership and vision for a new community college, including education center conversions, initial accreditation, comprehensive education and facilities master planning, and a regional performing arts center (Three Stages). She has held other community college administrative positions across California, including vice chancellor at the system level for community colleges. Her faculty service included 16 years as an instructor and counselor at Diablo Valley College, Los Medanos College, Oakland Public Schools, and Cal-State University, Hayward (now East Bay). A consummate educator, Dr. Scott-Skillman has served on numerous boards such as: American Association of Community Colleges (AACC); Folsom Economic Development Board; Presidents' Round Table; and the New Sacramento High School Board. Her community involvement includes local Chambers of Commerce; Rotary International (Paul Harris Fellow); Buckeye USD Bond Oversight Committee; and Classical Masters Music Festival.
Folsom Lake Bank Earnings Up 13.6%
GlobeNewswire - Thu Jul 17, 6:00PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the six month period ending June 30, 2014. For the first six months of 2014, the Bank reported net income of $476,225, an increase of 13.6% over the same six month period of 2013. This is the Bank's eighteenth consecutive profitable quarter with net income for the second quarter 2014 of $244,185, down 8.4% from the 2013 second quarter results but up 5.0% from the first quarter 2014 results. Net income for the second quarter of 2014 was impacted by higher expenses associated with preopening costs for the new branch in Rancho Cordova. "The continuing improvement in the local economy is helping to propel significant growth in the Bank's revenue compared to 2013," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing increased lending opportunities for the first time in years, and this increased activity bodes well for continued improvement in local economic activity."
Jay Freeman Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 07, 1:12PM CDT
Folsom Lake Bank (OTC: FOLB) today announced that Mr. Jay Freeman has joined the Board of Directors of Folsom Lake Bank. Jay is a Senior Advisor to Gallup working with clients both in the US and abroad to help them deepen customer relationships, increase market share and profitability.
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 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.
