1st Colonial Bancorp Reports Second Quarter Net Income Growth and Year to Date Profit of $403,000
Business Wire - Fri Aug 08, 3:10PM CDT
1st Colonial Bancorp, Inc. (OTCQB:FCOB), holding company of 1st Colonial Community Bank, today reported that its net income for the three months ended June 30, 2014 was $291,000 ($0.08 per share) compared to $251,000 ($0.06 per share) for the three months ended June 30, 2013. Net interest income increased $319,000 resulting from an increase in average interest earning assets of approximately $46 million for the three months ended June 30, 2014, compared to the three months ended June 30, 2013. In addition, our provision for loan losses decreased by $75,000 for the quarter ended June 30, 2014 from the quarter ended June 30, 2013.
1st Colonial Bancorp Reports Slight Second Quarter Net Income Growth and Year to Date Profit of $464,000
Business Wire - Thu Jul 25, 2:28PM CDT
1st Colonial Bancorp, Inc. (OTCQB:FCOB), holding company of 1st Colonial Community Bank, today reported that its net income for the three months ended June 30, 2013 was $251,000 ($0.06 per share) compared to $239,000 ($0.06 per share) for the three months ended June 30, 2012. Net interest income decreased $116,000 resulting from a decrease in its net interest spread to 2.95% for the three months ended June 30, 2013 compared to 3.49% for the three months ended June 30, 2012. However, non-interest income increased by $284,000, as fees generated by the origination and sale of SBA loans and residential mortgage loans increased $186,000 and $110,000, respectively.
1st Colonial Bancorp Reports First Quarter Profit of $213,000
Business Wire - Tue May 14, 3:50PM CDT
1st Colonial Bancorp, Inc. (OTCQB:FCOB), holding company of 1st Colonial Community Bank, today reported that its net income for the three months ended March 31, 2013 was $213,000 ($0.07 per share), compared to $383,000 ($0.12 per share) for the three months ended March 31, 2012.