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Article: Sound Financial Reports Profitable Third Quarter.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bank Completes Branch Acquisition Transactions
SEATTLE -- Sound Financial Inc. (OTCBB: SNFL), holding company for Sound Community Bank, today announced financial results for the three and nine-month periods ending September 30, 2009.
For the quarter ending September 30, the company reported net income of $76,238 or $0.03 per diluted share, compared to net income of $223,079 or $0.08 per share for the same period in 2008. For the nine months ended September 30, 2009, the bank reported a net loss $151,623 or $0.05 per share.
President and CEO Laurie Stewart commented, "We are pleased that the combination of quality organic growth and continuing ...