Community Bank of Bergen County, NJ Reports First Quarter 2012 Net Income of $0.11 Per Share

Community Bank of Bergen County, NJ (OTCBB: CMTB) reported earnings today for the first quarter of 2012. Net income this quarter was $188,000, or $0.11 per diluted share, which is down $60,000 as compared to a net income of $248,000, or $0.15 per diluted share, for the first quarter of 2011. "There is no doubt that the recovery process is a long and slow one. A labored foreclosure process, low loan demand and continued expenses due to new regulation continue to significantly impact the Bank...continued CMTB  loans mortgage Banking

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