Folsom Lake Bank CA (FOLB) 8.5500 $FOLB
UPDATE -- Folsom Lake Bank Reports 2016 Second Quarter Results
GlobeNewswire - Fri Jul 22, 3:26PM CDT
Folsom Lake Bank (OTCQB:FOLB) reported net income of $238,459 for the second quarter of 2016, a 2.5% decrease over second quarter 2015 net income of $244,548 and $465,056 for the first half of 2016, a 14.1% increase over first half 2015 earnings of $407,760. The second quarter earnings were the Bank's 26 consecutive quarter of profitability. Total assets increased $27.6 million to reach $187.9 million as of the end of June, net interest income was up 5.6% and shareholder equity grew 10.4% to reach $17.3 million or $10.87 per share. "We are pleased to see the continued strong growth at Folsom Lake Bank after nine years of successful operations," said Robert J. Flautt, President and Chief Executive Officer. "The Bank continues to attract new deposit and loan relationships for clients looking for that extra level of personal attention and full service community banking."
Folsom Lake Bank First Quarter Earnings Up 39%
GlobeNewswire - Thu Apr 21, 6:00PM CDT
Folsom Lake Bank (OTCQB:FOLB) reported net income of $226,598 for the first quarter of 2016, a 38.8% increase over first quarter 2015 net income of $163,213 and the Bank's 25 consecutive quarter of profitability. Net interest income was up 14.2%, shareholder equity grew 6.1% to reach $16,860,978 and assets, loans and deposits all reached new record levels for the Bank's first quarter. "Folsom Lake Bank's emphasis on strong local banking relationships continues to produce solid growth and increased profitability," said Robert J. Flautt, President and Chief Executive Officer. "Our 24% growth in deposits demonstrates the continued interest that local clients have in full service, high touch banking."
Folsom Lake Bank Reports 2015 Earnings
GlobeNewswire - Thu Jan 28, 11:09AM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced pre-tax earnings of $1,419,543, for 2015, a 64.6% increase over 2014 pre-tax earnings of $862,299. Total assets were up 15.7% to reach $178.5 million at year end 2015. Loans increased 11.0% compared to 2014 as a strong increase in the level of earning assets pushed net interest income up 16.8%. "Folsom Lake Bank continues to benefit from increased loan demand and an improving economy. Assets, loans, deposits and net interest income have all increased to new record highs," said Robert J. Flautt, President and Chief Executive Officer. "With our third branch now fully assimilated, the Bank continues to experience a strong increase in both revenue and operating profit."
Folsom Lake Bank Receives 5-Star Rating From Bauer Financial
GlobeNewswire - Wed Oct 21, 5:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced today that they have been recognized by Bauer Financial, Inc. as a 5-Star, Superior Bank, based on September 30, 2015 financial information. This is the highest rating that Bauer Financial assigns and it ranks Folsom Lake Bank as one of the Nation's strongest financial institutions. According to Bauer Financial, 5-Star rated financial institutions are recommended for business, financially sound, and operate well above their regulatory capital requirements.
Folsom Lake Bank Reports 2015 Third Quarter Results
GlobeNewswire - Thu Oct 15, 7:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $361,980 for the third quarter of 2015, a 47.7% increase over third quarter 2014 earnings of $245,030, and the Bank's 23consecutive quarter of profitability. Loans increased 19.0% compared to 2014 and an overall higher level of earning assets pushed net interest income up 15.6%. "The Bank is seeing increased demand for loan products from its small business clients and this has helped grow assets, loans and deposits to record levels," said Robert J. Flautt, President and Chief Executive Officer. "We are pleased to see the strong growth in operating results for the quarter, based on strong growth in net interest income."
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.
UPDATE -- Folsom Lake Bank Reports 2016 Second Quarter Results
GlobeNewswire - Fri Jul 22, 3:26PM CDT
Folsom Lake Bank (OTCQB:FOLB) reported net income of $238,459 for the second quarter of 2016, a 2.5% decrease over second quarter 2015 net income of $244,548 and $465,056 for the first half of 2016, a 14.1% increase over first half 2015 earnings of $407,760. The second quarter earnings were the Bank's 26 consecutive quarter of profitability. Total assets increased $27.6 million to reach $187.9 million as of the end of June, net interest income was up 5.6% and shareholder equity grew 10.4% to reach $17.3 million or $10.87 per share. "We are pleased to see the continued strong growth at Folsom Lake Bank after nine years of successful operations," said Robert J. Flautt, President and Chief Executive Officer. "The Bank continues to attract new deposit and loan relationships for clients looking for that extra level of personal attention and full service community banking."
Folsom Lake Bank First Quarter Earnings Up 39%
GlobeNewswire - Thu Apr 21, 6:00PM CDT
Folsom Lake Bank (OTCQB:FOLB) reported net income of $226,598 for the first quarter of 2016, a 38.8% increase over first quarter 2015 net income of $163,213 and the Bank's 25 consecutive quarter of profitability. Net interest income was up 14.2%, shareholder equity grew 6.1% to reach $16,860,978 and assets, loans and deposits all reached new record levels for the Bank's first quarter. "Folsom Lake Bank's emphasis on strong local banking relationships continues to produce solid growth and increased profitability," said Robert J. Flautt, President and Chief Executive Officer. "Our 24% growth in deposits demonstrates the continued interest that local clients have in full service, high touch banking."
Folsom Lake Bank Reports 2015 Earnings
GlobeNewswire - Thu Jan 28, 11:09AM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced pre-tax earnings of $1,419,543, for 2015, a 64.6% increase over 2014 pre-tax earnings of $862,299. Total assets were up 15.7% to reach $178.5 million at year end 2015. Loans increased 11.0% compared to 2014 as a strong increase in the level of earning assets pushed net interest income up 16.8%. "Folsom Lake Bank continues to benefit from increased loan demand and an improving economy. Assets, loans, deposits and net interest income have all increased to new record highs," said Robert J. Flautt, President and Chief Executive Officer. "With our third branch now fully assimilated, the Bank continues to experience a strong increase in both revenue and operating profit."
Folsom Lake Bank Receives 5-Star Rating From Bauer Financial
GlobeNewswire - Wed Oct 21, 5:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced today that they have been recognized by Bauer Financial, Inc. as a 5-Star, Superior Bank, based on September 30, 2015 financial information. This is the highest rating that Bauer Financial assigns and it ranks Folsom Lake Bank as one of the Nation's strongest financial institutions. According to Bauer Financial, 5-Star rated financial institutions are recommended for business, financially sound, and operate well above their regulatory capital requirements.
Folsom Lake Bank Reports 2015 Third Quarter Results
GlobeNewswire - Thu Oct 15, 7:00PM CDT
Folsom Lake Bank (OTCQB:FOLB), announced pre-tax earnings of $361,980 for the third quarter of 2015, a 47.7% increase over third quarter 2014 earnings of $245,030, and the Bank's 23consecutive quarter of profitability. Loans increased 19.0% compared to 2014 and an overall higher level of earning assets pushed net interest income up 15.6%. "The Bank is seeing increased demand for loan products from its small business clients and this has helped grow assets, loans and deposits to record levels," said Robert J. Flautt, President and Chief Executive Officer. "We are pleased to see the strong growth in operating results for the quarter, based on strong growth in net interest income."
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.
