Business News • MarketWire • ProAmerica Bank Reports Second Quarter Net Income of $386,000, Total Assets of $158 Million and a Significant Reduction in Nonperforming Assets |
ProAmerica Bank Reports Second Quarter Net Income of $386,000, Total Assets of $158 Million and a Significant Reduction in Nonperforming Assets |
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ProAmerica Bank Reports Second Quarter Net Income of $386,000, Total Assets of $158 Million and a Significant Reduction in Nonperforming Assets
LOS ANGELES, CA--(Marketwired - Aug 14, 2013) - ProAmérica Bank (OTCQB: PMRA) today reported Net Income of $386,000 or 14 cents per share diluted for the three months ended June 30, 2013. For the six months, the Bank reported Net Income of $483,000, or 17 cents per share diluted. Total assets increased 14% to $157.9 million as of June 30, 2013, as compared to the prior year. "Our reduction in nonperforming assets was a big factor in achieving strong earnings growth in the second quarter of 2013. ProAmérica Bank has achieved profitability for 10 of the past 11 quarters and we look forward to continuing that trend," stated L. Bruce Mills, Jr., President and CEO. "We continue to focus on a balance between growth and profitability in what has been a challenging market," continued Mills.
View More : http://www.marketwire.com/mw/release.do?id=1820978&sourceType=3
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