Business News • MarketWire • First National Bank of Northern California Reports First Quarter 2013 Earnings of $0.20 per Diluted Share |
First National Bank of Northern California Reports First Quarter 2013 Earnings of $0.20 per Diluted Share |
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First National Bank of Northern California Reports First Quarter 2013 Earnings of $0.20 per Diluted Share
SOUTH SAN FRANCISCO, CA--(Marketwired - Apr 29, 2013) - FNB Bancorp (OTCQB: FNBG), parent company of First National Bank of Northern California (the "Bank"), today announced net earnings available to common shareholders for the first quarter of 2013 of $772,000 or $0.20 per diluted share, compared to net earnings available to common shareholders of $1,102,000 or $0.30 per diluted share for the first quarter of 2012. Dividend payments on the preferred shares outstanding were made as required by the Treasury Department's Small Business Lending Program. Total assets as of March 31, 2013 were $897,478,000 compared to $746,649,000 as of March 31, 2012. Our net loans increased by $98,976,000 or 22.1% year over year. Our deposits increased by $138,734,000 or 21.3% during the same period. At March 31, 2013, the Company had considerable liquid assets on hand as evidenced by $246,460,000 in available for sale securities and $39,092,000 in cash and cash equivalents.
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