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Friday, October 28, 2011

New Resource Bank Reports Third Quarter Financial Results

New Resource Bank (OTCBB: NWBN) has announced unaudited financial results for the quarter ended September 30, 2011. The bank recorded its first operational profit: a net operating income of $196,000 for the quarter ended September 30, 2011, compared with a net operating loss of $433,000 for the quarter ended September 30, 2010. Loans outstanding grew to $112.3 million, up from $95.8 million a year ago, a 17 percent increase. Deposits were $139.7 million, compared with $135.5 million at the quarte...continued
     

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