Friendly Hills Bank Reports Third Quarter Results
FRIENDLY HILLS BANCORP (FHLB)
NASDAQ:AMEX Investor Relations:
friendlyhillsbank.com/investor-relations-selector-page.htm
Company Research
Source: GlobeNewswire
WHITTIER, Calif., Nov. 08, 2019 (GLOBE NEWSWIRE) -- Friendly Hills Bank (the “bank”) (OTCBB: FHLB) reported results for the third quarter of 2019. For the nine months period ending September 30, 2019, the bank reported net income of $933,000 or $0.47 per diluted share of common stock. The bank reported net income of $587,000 or $0.30 per diluted share of common stock for the nine months ended September 30, 2018. As of September 30, 2019, the bank reported total assets of $160.2 million, a 3% increase from $155.4 million as of September 30, 2018. The bank’s loan portfolio, net of unearned income, increased 32% from $78.0 million as of September 30, 2018, to $102.9 million as of September 30, 2019. The portfolio remains diversified with $34.0 million or 33% in Commercial & Industrial Loans to local businesses (including $20.9 million in Owner Occupied Commercial Real Estate Loans), $43.2 million or 42% in Commercial Real Estate Loans to investors and $20.7 million or 20%
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