CenterPointe Community Bank Reports Second Quarter Earnings
(firmenpresse) - HOOD RIVER, OR -- (Marketwire) -- 08/03/11 -- CenterPointe Community Bank (PINKSHEETS: CENP) announced 2nd quarter earnings of $183,000 ($0.16 per share) and year-to-date earnings of $252,000 ($0.22 per share) for the period ending June 30, 2011.
Financial Highlights and Year-Over-Year Comparative Results:
Total Assets $77.4 million - up 12.0%
Gross Loans $57.8 million - up 5.4%
Total Deposits $70.2 million - up 11.7%
Net Interest Margin 5.57% - up 39 basis points
Excellent Asset Quality - no loan delinquencies; no non-accrual loans; no other real estate owned
Bank remains "Well Capitalized" - as measured by regulatory guidelines
In announcing CenterPointe's fifth consecutive quarterly profit, Mahlon Vigesaa, President and Chief Executive Officer, said, "Despite the economic climate CenterPointe is achieving overall growth and the Bank's operating metrics are positive." Adding further, "We are very happy with our progress in attracting new customers and growing our local deposit base; although loan demand remains soft, CenterPointe has increased its loan volume and has plenty of funding capacity for making business and agricultural loans to creditworthy borrowers in the Columbia River gorge region."
CenterPointe Community Bank (PINKSHEETS: CENP) is an Oregon chartered community bank. Initially opened September 2007, the Bank is based in Hood River, Oregon, with a second full service office located in The Dalles, Oregon. CenterPointe is the only local community bank headquartered in the Columbia River Gorge region. Its designated service area encompasses Wasco and Hood River counties in Oregon, and Klickitat County in Washington.
Additional information about CenterPointe Community Bank, including its products, services, and banking locations, is available at
Mahlon Vigesaa
President & Chief Executive Officer
541-308-1311
Jim Fortner
Executive Vice President & Chief Financial Officer
541-308-1317
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Datum: 03.08.2011 - 19:16 Uhr
Sprache: Deutsch
News-ID 1027420
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Commercial & Investment Banking
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