Business News • MarketWire • Columbia Commercial Bancorp Reports Full Year and Fourth Quarter 2012 Results |
Columbia Commercial Bancorp Reports Full Year and Fourth Quarter 2012 Results |
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Columbia Commercial Bancorp Reports Full Year and Fourth Quarter 2012 Results
HILLSBORO, OR--(Marketwire - Jan 25, 2013) - Columbia Commercial Bancorp (OTCBB: CLBC), a single bank holding company for Columbia Community Bank (the Bank), reports a net profit of $1.2 million, or $0.38 per diluted share for the year ended December 31, 2012 compared to $184,000, or $0.06 per diluted share for 2011. Net income for fourth quarter 2012 was $608,000 or $0.18 per diluted share after a $750,000 negative loan loss provision which was partially offset by a $144,000 prepayment fee expense on $6.9 million of FHLB borrowings. The effect of these two transactions was $370,000 after tax. Net income for third quarter 2012 was $294,000, or $0.09 per diluted share. Return on average equity for the full year of 2012 was 6.64% compared to 1.03% for 2011.
View More : http://www.marketwire.com/mw/release.do?id=1749945&sourceType=3
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