Folsom Lake Bank CA (FOLB) 8.5400 $FOLB
Renee Nash Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 20, 6:36PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Renee Nash has joined the Board of Directors of Folsom Lake Bank. Ms. Nash currently serves as General Counsel for Professional Education Services, LP in Granite Bay. She is a graduate of the University of California, Davis with a degree in history and McGeorge School of Law, where she also served as an Adjunct Professor of Law for 14 years. Her background includes representing newspapers in both freedom of information and employment matters as corporate counsel for a large newspaper publishing company. She served as a legislative advocate for the California Newspaper Publishers Association and wrote several books on media law. She began her career as a newspaper reporter prior to attending law school.
Folsom Lake Bank Reports 2015 Second Quarter Results
GlobeNewswire - Thu Jul 16, 7:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $382,488 for the second quarter of 2015, an 87.3% increase over second quarter 2014 earnings of $178,302, and the Bank's 22 consecutive quarter of profitability. Assets, loans and deposits all reached new record levels for the Bank, net interest income was up 22.0%, and loans surpassed $100 million for the first time. "A strong increase in lending activity over the past four quarters has improved our earning assets resulting in increased growth of net interest income compared to the second quarter of last year," said Robert J. Flautt, President and Chief Executive Officer. "We continue to see positive improvements in the local economy with increased borrowing by local businesses for investment and expansion."
Folsom Lake Bank Reports 2015 First Quarter Results
GlobeNewswire - Fri Apr 17, 12:22PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $257,986 for the first quarter of 2015, a 10.9% increase over first quarter 2014 earnings of $232,600, the Bank's 21 consecutive quarter of profitability. Assets, loans and deposits all reached new record levels for the Bank, net interest income was up 9.6%, and shareholder equity grew 14.7% to reach $15,886,000 or $9.97 per share. "With the opening of our third branch in the fourth quarter of 2014, the Bank is seeing increased balance sheet growth along with increasing revenue," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing improving market conditions in our local economy along with an increased willingness for local businesses to borrow for growth and expansion."
Folsom Lake Bank 2014 Earnings Up 16.5%
GlobeNewswire - Thu Jan 29, 3:00PM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2014. The Bank reported net income of $1,214,559 for the twelve months ending December 31, 2014, an increase of 16.5% compared to 2013. The Bank completed its 20 consecutive profitable quarter with earnings of $492,744 for the three month period ending December 31, 2014, up 34.9% compared to $365,374 for the fourth quarter of 2013. Earnings per share increased to $0.76 for 2014 from $0.65 in 2013.
Folsom Lake Bank Reports Third Quarter Earnings
GlobeNewswire - Fri Oct 17, 12:53PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the quarter and nine month periods ending September 30, 2014. For the first nine months of 2014, the Bank reported net income of $721,816, an increase of 6.6% compared to earnings of $677,342 for the first nine months of 2013. The Bank increased its string of consecutive profitable quarters to 19 with net income of $245,030, down 4.9% compared to $257,781 for the third quarter of 2013.
Photo Release -- Randall R. Wilson Joins Folsom Lake Bank Board
GlobeNewswire - Mon Sep 15, 12:39PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Randall R. Wilson has joined the Board of Directors of Folsom Lake Bank. Mr. Wilson is a Partner in Sinclair Wilson Baldo & Chamberlain, a law firm with offices in Auburn and Roseville. He is a member of the State Bars of California and Nevada, is certified by the State Bar of California as a Specialist in Estate Planning, Trust and Probate Law, and is licensed as a Certified Public Accountant by the State of California Department of Consumer Affairs. Mr. Wilson holds a Bachelor of Science degree in Business Administration from the University of the Pacific Eberhardt School of Business, a Juris Doctor degree from McGeorge School of Law and a Master of Laws in Taxation from McGeorge School of Law.
Renee Nash Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 20, 6:36PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Renee Nash has joined the Board of Directors of Folsom Lake Bank. Ms. Nash currently serves as General Counsel for Professional Education Services, LP in Granite Bay. She is a graduate of the University of California, Davis with a degree in history and McGeorge School of Law, where she also served as an Adjunct Professor of Law for 14 years. Her background includes representing newspapers in both freedom of information and employment matters as corporate counsel for a large newspaper publishing company. She served as a legislative advocate for the California Newspaper Publishers Association and wrote several books on media law. She began her career as a newspaper reporter prior to attending law school.
Folsom Lake Bank Reports 2015 Second Quarter Results
GlobeNewswire - Thu Jul 16, 7:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $382,488 for the second quarter of 2015, an 87.3% increase over second quarter 2014 earnings of $178,302, and the Bank's 22 consecutive quarter of profitability. Assets, loans and deposits all reached new record levels for the Bank, net interest income was up 22.0%, and loans surpassed $100 million for the first time. "A strong increase in lending activity over the past four quarters has improved our earning assets resulting in increased growth of net interest income compared to the second quarter of last year," said Robert J. Flautt, President and Chief Executive Officer. "We continue to see positive improvements in the local economy with increased borrowing by local businesses for investment and expansion."
Folsom Lake Bank Reports 2015 First Quarter Results
GlobeNewswire - Fri Apr 17, 12:22PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $257,986 for the first quarter of 2015, a 10.9% increase over first quarter 2014 earnings of $232,600, the Bank's 21 consecutive quarter of profitability. Assets, loans and deposits all reached new record levels for the Bank, net interest income was up 9.6%, and shareholder equity grew 14.7% to reach $15,886,000 or $9.97 per share. "With the opening of our third branch in the fourth quarter of 2014, the Bank is seeing increased balance sheet growth along with increasing revenue," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing improving market conditions in our local economy along with an increased willingness for local businesses to borrow for growth and expansion."
Folsom Lake Bank 2014 Earnings Up 16.5%
GlobeNewswire - Thu Jan 29, 3:00PM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2014. The Bank reported net income of $1,214,559 for the twelve months ending December 31, 2014, an increase of 16.5% compared to 2013. The Bank completed its 20 consecutive profitable quarter with earnings of $492,744 for the three month period ending December 31, 2014, up 34.9% compared to $365,374 for the fourth quarter of 2013. Earnings per share increased to $0.76 for 2014 from $0.65 in 2013.
Folsom Lake Bank Reports Third Quarter Earnings
GlobeNewswire - Fri Oct 17, 12:53PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the quarter and nine month periods ending September 30, 2014. For the first nine months of 2014, the Bank reported net income of $721,816, an increase of 6.6% compared to earnings of $677,342 for the first nine months of 2013. The Bank increased its string of consecutive profitable quarters to 19 with net income of $245,030, down 4.9% compared to $257,781 for the third quarter of 2013.
Photo Release -- Randall R. Wilson Joins Folsom Lake Bank Board
GlobeNewswire - Mon Sep 15, 12:39PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Randall R. Wilson has joined the Board of Directors of Folsom Lake Bank. Mr. Wilson is a Partner in Sinclair Wilson Baldo & Chamberlain, a law firm with offices in Auburn and Roseville. He is a member of the State Bars of California and Nevada, is certified by the State Bar of California as a Specialist in Estate Planning, Trust and Probate Law, and is licensed as a Certified Public Accountant by the State of California Department of Consumer Affairs. Mr. Wilson holds a Bachelor of Science degree in Business Administration from the University of the Pacific Eberhardt School of Business, a Juris Doctor degree from McGeorge School of Law and a Master of Laws in Taxation from McGeorge School of Law.
