Friday, April 27, 2012

Premier Service Bank Announces Financial Results for the First Quarter of 2012

Premier Service Bank, Riverside, California (OTCBB:PSBK) today announced its unaudited financial results for the first quarter of 2012. For the quarter ended March 31, 2012, the bank reported net loss of $190 thousand, or <$0.16> per diluted share, compared to net loss of $569 thousand, or <$0.48> per diluted share for the quarter ended March 31, 2011. The improvement in earnings between the respective periods is primarily attributed to the decrease in provision for loan losses. The pr...continued
     

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