CommerceWest Bank Reports 3Q 2011 Earnings, 31% Increase in Non-Interest Income, and a 90% Decrease in Nonperforming Assets

CommerceWest Bank (OTCBB: CWBK) reported earnings for the three months ended September 30, 2011 of $279,000 or $0.07 per basic common share and $0.07 per diluted common share, compared with net income of $8,000 or $0.01 per basic common share and $0.01 per diluted common share for the three months ended September 30, 2010, an increase of 600%. Net income for the nine months ended September 30, 2011 was $1,004,000 or $0.23 per basic common share and $0.23 per diluted common share, compared with net income...continued CWBK  Banking Financial banks

URL: http://www.investorpoint.com/news/OTCBULLB/45756172/