Business News • MarketWire • ProAmerica Bank Reports 2016 First Quarter Results of Operations |
ProAmerica Bank Reports 2016 First Quarter Results of Operations |
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ProAmerica Bank Reports 2016 First Quarter Results of Operations
LOS ANGELES, CA--(Marketwired - May 9, 2016) - ProAmérica Bank (OTCQB: PMRA) today reported Net Income of $202,000 for the first quarter of 2016, or $0.06 per diluted common share. Net Loss was $79,000, or $0.03 per diluted common share for the quarter ended March 31, 2015. Total Assets at March 31, 2016 were $185.2 million, an increase of $24.8 million or 15% from March 31, 2015. "We are pleased with the Bank's momentum as we continue to focus on growth and prepare for the pending merger with Pacific Commerce Bank," stated Sal Varela, Interim President and CEO.
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