Community Bank of Bergen County, NJ Reports Fourth Quarter 2011 Net Income of $0.41 Per Share

Community Bank of Bergen County, NJ (OTCBB: CMTB) reported earnings today for the fourth quarter of 2011. Net income was $476,000, or $0.41 per diluted share, for this quarter, an increase from the loss of $447,000, or $0.27 per diluted share, for the quarter ended December 31, 2010. The net income for the fourth quarter 2011 was due to an additional $440,000 tax benefit accrued in the fourth quarter resulting from a thorough review of the Bank's deferred tax position. The Bank sustained a net ...continued CMTB  bank loans mortgage

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