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Article: California Community Bank Reports Third Quarter 2009 Profit.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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California Community Bank (OTCBB: CABK.OB), released its unaudited third quarter 2009 financial results.
The Bank finished the third quarter of 2009 with an asset base of $204,037,000, an increase of $35,648,000, or 21%, from the third quarter of 2008. Total deposits were $175,665,000, up $35,203,000, or 25%, over the same period a year ago. As of September 30, 2009, total gross loans net of deferred fees, the primary revenue driver for the Bank, stood at an all time high of $157,566,000 compared to $137,324,000 at September 30, 2008, an increase of $20,242,000, or 15%.
For the third quarter of 2009, the Bank reported net income of $21,000, or basic ...