AltaPacific Bancorp Reports Earnings for Second Quarter 2019
ALTAPACIFIC BANCORP (ABNK)
NASDAQ:AMEX Investor Relations:
apbconnect.com/investor-relations
Company Research
Source: Business Wire
SANTA ROSA, Calif.--(BUSINESS WIRE)--AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, today reported year-to-date net income totaling $2,371,000, or $0.40 per diluted share, and quarterly net income totaling $1,255,000, or $0.21 per diluted share, for the period ending June 30, 2019, respectively.Assets for the Company totaled $435,945,000 at June 30, 2019, representing an increase of $1.2 million (0.3%) over March 31, 2019 and an increase of $21.4 million (5.2%) over December 31, 2018. At June 30, 2019, gross loans totaled $338,594,000 representing an increase of $1.7 million (0.5%) over March 31, 2019 and an increase of $10.3 million (3.1%) over December 31, 2018. Deposits totaled $307,039,000 at June 30, 2019, representing a decrease of $19.6 million (6.0%) over March 31, 2019 and a decrease of $15.9 million (4.9%) over December 31, 2018. At June 30, 2019 the Allowance for Loan and Lease Losses totaled $4,216,000, representing 1.4% of gross loans origi
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