People's Bank Reports Strong Year-to-Date Earnings

People's Bank of Commerce (OTCBB:PBCO) today reported earnings of $315,000 for the first nine months of 2011, up 25% over the $253,000 for the same period last year. The Bank reported earnings of $0.28 per share for the first nine months of 2011, the same amount reported the prior year. Interest income continued to be flat year-to-date, the result of an historically low interest rate environment. The Bank's most significant improvements in earnings were due to a 46% decrease in interest expense an...continued PBCO  people's bank Financial

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