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Thursday, January 26, 2012

People's Bank Reports Increased Lending and Earnings

People's Bank of Commerce (OTCBB: PBCO) reported quarterly earnings of $213,000 or $0.19 per share for the fourth quarter of 2011, compared to $110,000 or $0.11 per share for the same quarter in 2010. At December 31, 2011, the Bank reported a 16 percent increase in portfolio loans to $93.8 million, a 20 percent increase in total assets to $126.7 million, and a 20 percent increase in deposits to $110.5 million, when compared to the prior year. Earnings for the year ended December 31, 2011, w...continued
     

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