Lighthouse Bank [Ca] (LGHT) 14.0700 $LGHT
Lighthouse Bank Declares Quarterly Cash Dividend Payment to Shareholders
PR Newswire - Tue Apr 26, 3:10PM CDT
Lighthouse Bank (OTC-QB: LGHT) today announced that its Board of Directors has approved a Quarterly Cash Dividend in the amount of $0.075 per share. The dividend is payable on May 26, 2016, to shareholders of record at the close of business on May 9, 2016. This represents the fourth consecutive quarterly Cash Dividend issued by the Bank. The cash dividend is the result of the Bank's strong ongoing financial performance and significant capital strength.
Lighthouse Bank Reports Strong Performance in Q1 2016
PR Newswire - Fri Apr 22, 3:10PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended March 31, 2016. The Bank posted a $523 thousand profit for the period, representing the 27th successive quarter of profitable operations for the eight year old Bank. Profit for the quarter represented a 6% increase in earnings compared to the period ended March 31, 2015. For the period, total shareholders' equity increased by $998 thousand to $28.6 million. Year-over-year, shareholders' equity increased $2.9 million, or 11%. The Bank experienced solid growth in loans during the quarter, up 4% from December 31, 2015 to $142.5 million. Year-over-year, loans increased $21.5 million, or 18%. During the quarter, deposits increased $2.3 million, or 2%, to $154.1 million, representing a 2% increase from the same period ended March 31, 2015. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio. During Q1 2016, the Bank announced the return of Jon P. Sisk as President, which has resulted in a positive impact on loan growth.
Lighthouse Bank Announces Return of Jon P. Sisk, Appointment as President of the Bank
PR Newswire - Fri Feb 05, 7:50PM CST
Lighthouse Bank (OTC: LGHT) announced today the return of veteran local banker and founding member, Jon P. Sisk. Mr. Sisk will join the Bank as President, effective February 8, 2016.
Lighthouse Bank declares quarterly cash dividend
M2 - Tue Feb 02, 12:43PM CST
Board of directors of Lighthouse Bank (OTC-QB: LGHT) has approved a quarterly cash dividend in the amount of USD0.075 per share, the company said. The dividend is payable on February 26, 2016, to shareholders of record at the close of business on February 9, 2016. The bank issued a special USD0.40 cash dividend in January 2015 and two USD0.075 quarterly cash dividends in late 2015. Lighthouse Bank recently reported results for the year-ended December 31, 2015. The bank posted USD2.4 million in earnings for the year and recorded its 26th consecutive quarter of profitable operations. Lighthouse Bank is a locally owned and operated full-service commercial bank located in Santa Cruz, Ca. The bank offers a full array of banking products and services to businesses, professionals, individuals, developers and commercial property owners.
Lighthouse Bank announces dividend of USD0.075 per share for quarter
M2 - Wed Jan 27, 3:07AM CST
The board of directors of Lighthouse Bank (OTC-QB:LGHT) authorised a cash dividend of USD0.075 per share, the company disclosed on Tuesday.
Lighthouse Bank Reports Strong Performance for 2015
PR Newswire - Thu Jan 21, 3:10PM CST
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2015. The Bank posted a $709 thousand profit for the period, representing the 26th successive quarter of profitable operations for the Bank. Profit for the fiscal year ended December 31, 2015 was $2.4 million and represented an $87 thousand decrease in earnings compared to the prior year. The small decrease in earnings was primarily the result of increased employee expenses. Return on average equity for 2015 was 8.85%. For the 12-month period, total shareholders' equity increased by 10% to $28 million. The Bank experienced strong growth in loans, up 12% year-over-year to $138 million. Deposits increased by 6% to $152 million from December 31, 2014. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
LIGHTHOUSE BANK- Expansion Underway-Solid Earnings Continue in Q2 2015
PR Newswire - Fri Jul 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTCQB: LGHT) today released unaudited financial results for the quarter-ended June 30, 2015. The Bank posted a $536 thousand profit for the period, as compared to $494 thousand during Q1 2015. Profit for the first six months of 2015 was $1.03 million and in spite of costs associated with ongoing expansion, little changed from the same period in 2014. This represented the 24th successive quarter of profitable operations for the seven-year-old Bank. For the period, total shareholders' equity grew by $723 thousand. Year-over-year, shareholders' equity increased $2.2 million, or 9%, to $26.4 million. The Bank experienced strong loan growth, up $13 million during the period and 10% year-over-year, to $134 million. Deposits decreased modestly during Q2, ending at $146 million, yet were up 9% year-over-year. Overall positive performance continued to be driven by the Bank's control of overhead expenses.
Lighthouse Bank Named 10TH Healthiest Bank In America
PR Newswire - Tue Jun 02, 7:51PM CDT
Locally owned and operated Lighthouse Bank (OTC-QB: LGHT) has been ranked 10th of the Top 200 Healthiest Banks in the Nation, according to DepositAccounts.com. Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States - more than 6,900 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. From the list of 6,998 banks, DepositAccounts.com recognized Lighthouse Bank as 10th in the Nation and an overall health rating of A+. The top ranking is principally attributed to Lighthouse Bank's extremely strong capital position, high asset quality, lack of historical loan losses, and strong loan loss reserve. In addition to the designation of exceptional health, Lighthouse Bank's return on equity as averaged in excess of 10% annually over the past three calendar years.
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 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 Declares Quarterly Cash Dividend Payment to Shareholders
PR Newswire - Tue Apr 26, 3:10PM CDT
Lighthouse Bank (OTC-QB: LGHT) today announced that its Board of Directors has approved a Quarterly Cash Dividend in the amount of $0.075 per share. The dividend is payable on May 26, 2016, to shareholders of record at the close of business on May 9, 2016. This represents the fourth consecutive quarterly Cash Dividend issued by the Bank. The cash dividend is the result of the Bank's strong ongoing financial performance and significant capital strength.
Lighthouse Bank Reports Strong Performance in Q1 2016
PR Newswire - Fri Apr 22, 3:10PM CDT
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the quarter-ended March 31, 2016. The Bank posted a $523 thousand profit for the period, representing the 27th successive quarter of profitable operations for the eight year old Bank. Profit for the quarter represented a 6% increase in earnings compared to the period ended March 31, 2015. For the period, total shareholders' equity increased by $998 thousand to $28.6 million. Year-over-year, shareholders' equity increased $2.9 million, or 11%. The Bank experienced solid growth in loans during the quarter, up 4% from December 31, 2015 to $142.5 million. Year-over-year, loans increased $21.5 million, or 18%. During the quarter, deposits increased $2.3 million, or 2%, to $154.1 million, representing a 2% increase from the same period ended March 31, 2015. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio. During Q1 2016, the Bank announced the return of Jon P. Sisk as President, which has resulted in a positive impact on loan growth.
Lighthouse Bank Announces Return of Jon P. Sisk, Appointment as President of the Bank
PR Newswire - Fri Feb 05, 7:50PM CST
Lighthouse Bank (OTC: LGHT) announced today the return of veteran local banker and founding member, Jon P. Sisk. Mr. Sisk will join the Bank as President, effective February 8, 2016.
Lighthouse Bank declares quarterly cash dividend
M2 - Tue Feb 02, 12:43PM CST
Board of directors of Lighthouse Bank (OTC-QB: LGHT) has approved a quarterly cash dividend in the amount of USD0.075 per share, the company said. The dividend is payable on February 26, 2016, to shareholders of record at the close of business on February 9, 2016. The bank issued a special USD0.40 cash dividend in January 2015 and two USD0.075 quarterly cash dividends in late 2015. Lighthouse Bank recently reported results for the year-ended December 31, 2015. The bank posted USD2.4 million in earnings for the year and recorded its 26th consecutive quarter of profitable operations. Lighthouse Bank is a locally owned and operated full-service commercial bank located in Santa Cruz, Ca. The bank offers a full array of banking products and services to businesses, professionals, individuals, developers and commercial property owners.
Lighthouse Bank announces dividend of USD0.075 per share for quarter
M2 - Wed Jan 27, 3:07AM CST
The board of directors of Lighthouse Bank (OTC-QB:LGHT) authorised a cash dividend of USD0.075 per share, the company disclosed on Tuesday.
Lighthouse Bank Reports Strong Performance for 2015
PR Newswire - Thu Jan 21, 3:10PM CST
Locally owned Lighthouse Bank (OTC-QB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2015. The Bank posted a $709 thousand profit for the period, representing the 26th successive quarter of profitable operations for the Bank. Profit for the fiscal year ended December 31, 2015 was $2.4 million and represented an $87 thousand decrease in earnings compared to the prior year. The small decrease in earnings was primarily the result of increased employee expenses. Return on average equity for 2015 was 8.85%. For the 12-month period, total shareholders' equity increased by 10% to $28 million. The Bank experienced strong growth in loans, up 12% year-over-year to $138 million. Deposits increased by 6% to $152 million from December 31, 2014. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
LIGHTHOUSE BANK- Expansion Underway-Solid Earnings Continue in Q2 2015
PR Newswire - Fri Jul 17, 3:01PM CDT
Locally owned Lighthouse Bank (OTCQB: LGHT) today released unaudited financial results for the quarter-ended June 30, 2015. The Bank posted a $536 thousand profit for the period, as compared to $494 thousand during Q1 2015. Profit for the first six months of 2015 was $1.03 million and in spite of costs associated with ongoing expansion, little changed from the same period in 2014. This represented the 24th successive quarter of profitable operations for the seven-year-old Bank. For the period, total shareholders' equity grew by $723 thousand. Year-over-year, shareholders' equity increased $2.2 million, or 9%, to $26.4 million. The Bank experienced strong loan growth, up $13 million during the period and 10% year-over-year, to $134 million. Deposits decreased modestly during Q2, ending at $146 million, yet were up 9% year-over-year. Overall positive performance continued to be driven by the Bank's control of overhead expenses.
Lighthouse Bank Named 10TH Healthiest Bank In America
PR Newswire - Tue Jun 02, 7:51PM CDT
Locally owned and operated Lighthouse Bank (OTC-QB: LGHT) has been ranked 10th of the Top 200 Healthiest Banks in the Nation, according to DepositAccounts.com. Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States - more than 6,900 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. From the list of 6,998 banks, DepositAccounts.com recognized Lighthouse Bank as 10th in the Nation and an overall health rating of A+. The top ranking is principally attributed to Lighthouse Bank's extremely strong capital position, high asset quality, lack of historical loan losses, and strong loan loss reserve. In addition to the designation of exceptional health, Lighthouse Bank's return on equity as averaged in excess of 10% annually over the past three calendar years.
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 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.
