Lighthouse Bank [Ca] (LGHT) 14.2500 $LGHT
LIGHTHOUSE BANK-Top Ranked Performance Continues in Q1 2015
PR Newswire - Fri Apr 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended March 31, 2015. The Bank posted a $494 thousand profit for the period, as compared to $596 thousand during Q1 2014, the variance being attributed primarily to a large one-time fee collected during Q1 2014. This represented the 23rd successive quarter of profitable operations for the seven-year-old Bank. For the period, total shareholders' equity grew to $25.7 million. Year-over-year, shareholders' equity increased by 9%. The Bank experienced strong growth in deposits up 6% since December 31, 2014 and 10% year-over-year, to $151 million. Loans decreased modestly during Q1 ending at $121 million due to several large construction loan payoffs, but were up 9% year-over-year. Overall positive performance continued to be driven by the Bank's control of overhead expenses.
LIGHTHOUSE BANK-Seventh Year of Record Earnings for 7 Year Old Bank
PR Newswire - Fri Jan 23, 3:05PM CST
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2014. The Bank posted a $667 thousand profit for the period, representing the 22nd successive quarter of profitable operations for the seven-year old Bank. Profit for the fiscal year ended December 31, 2014 was a record $2.4 million and represented a 5% increase in earnings compared to the prior year. Return on average equity for the year was 10.01%. For the 12-month period, total shareholders' equity increased by 14% to $26 million. The Bank experienced strong growth in loans, up 19% year over year to $123 million. Deposits increased by 6% to $143 million from December 31, 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank announces special dividend of USD0.40 per share
M2 - Mon Nov 17, 6:58AM CST
Lighthouse Bank (OTC-QB:LGHT), a full-service commercial bank, disclosed on Friday that its board of directors authorised a special cash dividend of USD0.40 per share.
Lighthouse Bank declares $0.40 dividend
Seeking Alpha - at Seeking Alpha - Fri Nov 14, 4:34PM CST
Lighthouse Bank Declares Special $0.40 Cash Dividend
PR Newswire - Fri Nov 14, 3:02PM CST
Lighthouse Bank (OTC-QB: LGHT) today announced that its Board of Directors has approved a special cash dividend in the amount of $0.40 per share. The Dividend is payable on January 2, 2015, to shareholders of record at the close of business on December 5, 2014. The special cash dividend is the result of the Bank's continued profitability and significant capital strength. Regulatory requirements applying to banks that opened during the financial crisis did not generally allow the payment of cash dividends. Lighthouse Bank opened for business in October 2007 and was subject to those restrictions. This restrictive seven year term effecting newer banks, known as the "DeNovo" period, ended for Lighthouse Bank on October 29, 2014. The special cash dividend follows the issuance of stock dividends by the Bank in both 2011 and 2013.
Lighthouse Bank Continues Strong Performance with Record Quarterly Earnings
PR Newswire - Fri Oct 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended September 30, 2014. The Bank posted a $725 thousand profit for the period, representing the 21st consecutive quarter of profitable operations for the seven-year-old Bank. Profit for the 9-month period was $1.7 million.
Lighthouse Bank Announces Appointment of James Castellanos to the Board of Directors
PR Newswire - Tue Sep 02, 11:00AM CDT
Lighthouse Bank (OTC: LGHT) today announced the appointment of James Castellanos to its Board of Directors. Mr. Castellanos is the founder and owner of CASCO Property Management, owner and operator of apartment complexes in Silicon Valley and Santa Cruz County. He also serves as the Real Estate Liaison at Verifyle, Inc. in San Jose. Mr. Castellanos resides in Saratoga and Capitola, and his community involvement includes having served on the board of Disabled Sports Far West USA, the Tri-County Apartment Association and the Junior Achievement Program.
Lighthouse Bank's Strong Loan Growth Continues in 2nd Quarter 2014
PR Newswire - Fri Jul 18, 3:01PM CDT
Locally owned Lighthouse Bank (LGHT) today released unaudited financial results for the quarter-ended June 30, 2014. The Bank posted a $448 thousand profit for the period, representing the 20th successive quarter of profitable operations for the six-year old bank. Profit for the first six months of 2014 was $1.04 million.
LIGHTHOUSE BANK-Top Ranked Performance Continues in Q1 2015
PR Newswire - Fri Apr 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended March 31, 2015. The Bank posted a $494 thousand profit for the period, as compared to $596 thousand during Q1 2014, the variance being attributed primarily to a large one-time fee collected during Q1 2014. This represented the 23rd successive quarter of profitable operations for the seven-year-old Bank. For the period, total shareholders' equity grew to $25.7 million. Year-over-year, shareholders' equity increased by 9%. The Bank experienced strong growth in deposits up 6% since December 31, 2014 and 10% year-over-year, to $151 million. Loans decreased modestly during Q1 ending at $121 million due to several large construction loan payoffs, but were up 9% year-over-year. Overall positive performance continued to be driven by the Bank's control of overhead expenses.
LIGHTHOUSE BANK-Seventh Year of Record Earnings for 7 Year Old Bank
PR Newswire - Fri Jan 23, 3:05PM CST
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2014. The Bank posted a $667 thousand profit for the period, representing the 22nd successive quarter of profitable operations for the seven-year old Bank. Profit for the fiscal year ended December 31, 2014 was a record $2.4 million and represented a 5% increase in earnings compared to the prior year. Return on average equity for the year was 10.01%. For the 12-month period, total shareholders' equity increased by 14% to $26 million. The Bank experienced strong growth in loans, up 19% year over year to $123 million. Deposits increased by 6% to $143 million from December 31, 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank announces special dividend of USD0.40 per share
M2 - Mon Nov 17, 6:58AM CST
Lighthouse Bank (OTC-QB:LGHT), a full-service commercial bank, disclosed on Friday that its board of directors authorised a special cash dividend of USD0.40 per share.
Lighthouse Bank declares $0.40 dividend
Seeking Alpha - at Seeking Alpha - Fri Nov 14, 4:34PM CST
Lighthouse Bank Declares Special $0.40 Cash Dividend
PR Newswire - Fri Nov 14, 3:02PM CST
Lighthouse Bank (OTC-QB: LGHT) today announced that its Board of Directors has approved a special cash dividend in the amount of $0.40 per share. The Dividend is payable on January 2, 2015, to shareholders of record at the close of business on December 5, 2014. The special cash dividend is the result of the Bank's continued profitability and significant capital strength. Regulatory requirements applying to banks that opened during the financial crisis did not generally allow the payment of cash dividends. Lighthouse Bank opened for business in October 2007 and was subject to those restrictions. This restrictive seven year term effecting newer banks, known as the "DeNovo" period, ended for Lighthouse Bank on October 29, 2014. The special cash dividend follows the issuance of stock dividends by the Bank in both 2011 and 2013.
Lighthouse Bank Continues Strong Performance with Record Quarterly Earnings
PR Newswire - Fri Oct 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended September 30, 2014. The Bank posted a $725 thousand profit for the period, representing the 21st consecutive quarter of profitable operations for the seven-year-old Bank. Profit for the 9-month period was $1.7 million.
Lighthouse Bank Announces Appointment of James Castellanos to the Board of Directors
PR Newswire - Tue Sep 02, 11:00AM CDT
Lighthouse Bank (OTC: LGHT) today announced the appointment of James Castellanos to its Board of Directors. Mr. Castellanos is the founder and owner of CASCO Property Management, owner and operator of apartment complexes in Silicon Valley and Santa Cruz County. He also serves as the Real Estate Liaison at Verifyle, Inc. in San Jose. Mr. Castellanos resides in Saratoga and Capitola, and his community involvement includes having served on the board of Disabled Sports Far West USA, the Tri-County Apartment Association and the Junior Achievement Program.
Lighthouse Bank's Strong Loan Growth Continues in 2nd Quarter 2014
PR Newswire - Fri Jul 18, 3:01PM CDT
Locally owned Lighthouse Bank (LGHT) today released unaudited financial results for the quarter-ended June 30, 2014. The Bank posted a $448 thousand profit for the period, representing the 20th successive quarter of profitable operations for the six-year old bank. Profit for the first six months of 2014 was $1.04 million.
