Business News • MarketWire • Valley Community Bank Reports First Quarter 2011 Results |
Valley Community Bank Reports First Quarter 2011 Results |
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Valley Community Bank Reports First Quarter 2011 Results
PLEASANTON, CA--(Marketwire - Jun 6, 2011) - Valley Community Bank (the "Company")
(OTCBB: VCBC) today reported a 2011 first quarter net loss of $455,000, or
($0.24) per diluted common share, compared to a net profit of $365,000, or
$0.19 per diluted common share, for the same period a year ago. Net income
available to common shareholders, after preferred dividends and accretions,
was a net loss of $544,000, or ($0.29) per diluted share, compared to a net
income of $276,000, or $0.15 per diluted share, for the same period a year
ago. As of March 31, 2011, total assets were $195.3 million, down from
$225.3 million at March 31, 2010. Total loans and leases have decreased
$12.6 million, or 7.3% to $159.9 million at March 31, 2011 compared to
$172.5 million at March 31, 2010. Total deposits decreased to $162.7
million at March 31, 2011, compared to $191.0 million at March 31, 2010.
View More : http://www.marketwire.com/mw/release.do?id=1523363&sourceType=3
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