Treasury Capital Purchase Program
OAKLAND, Md., Nov. 6 /PRNewswire-FirstCall/ -- First United Corporation (Nasdaq: FUNC), a financial holding company and the parent company of First United Bank & Trust, today announced a net loss available to common shareholders for the first nine months of 2009 of $3.1 million, or ($.51) per common share, compared to net income available to common shareholders of $9.1 million, or $1.49 per common share, for the same period of 2008. The decrease in net income resulted primarily from $10.8 million in other-than-temporary impairment charges related to available-for-sale securities, increased loan loss provision expense of $4.3 million, and $2.3 million of increased FDIC premiums. The increase in FDIC premiums resulted from the special assessment charge of $.8 million recognized in June 2009, the revised FDIC rate structure and the credit which offset 2008 premiums charged. Core operations remained strong as net interest income for the first nine ...
PITTSBURGH, Nov. 5 /PRNewswire-FirstCall/ -- Fidelity Bancorp, Inc. (Nasdaq: FSBI) of Pittsburgh, Pennsylvania (the "Company"), the holding company for Fidelity Bank reported a net loss for the year ended September 30, 2009 of $1.7 million or $(.66) per diluted share, compared to net income of $841,000, or $.28 per diluted share for the prior year. The $2.6 million decrease in earnings for fiscal 2009 primarily reflects an increase in the provision for loan losses of $4.6 million, an increase of $1.5 million in other-than-temporary impairment ("OTTI") charges on certain investment securities, as well as an increase in FDIC deposit insurance expense of $1.1 million. A net loss of $3.5 million was recorded for the three-month period ending September 30, 2009, or $(1.19) per diluted share, compared to a net loss of $2.4 million, or $(.80) per diluted share for the same period in the prior year. The $1.1 million increase ...
LEE'S SUMMIT, Mo.--(BUSINESS WIRE)-- Hawthorn Bancshares Inc. (NASDAQ: HWBK), today reported consolidated financial results for the Company, including its main operating subsidiary, Hawthorn Bank, for the third quarter ended September 30. Consolidated net income was $1.9 million and $4.2 million for the three months and nine months ended September 30, 2009, respectively. This compares with net income of $2.0 million and $4.4 million for the third quarter and nine months of 2008, respectively. After deducting quarterly dividends of $0.5 million on the preferred stock issued ...
-- Company completed public offering of 20,000,000 shares of common stock at a price of $4.00 per share for net proceeds of $74.4 million, which were received on September 22, 2009. On October 14, 2009, Company issued an additional 1,961,325 shares and received net proceeds of $7.4 million, total of $81.8 million raised. -- Company's leverage ratio increased to 7.43% at September 30, 2009, from 4.51% at December 31, 2008. -- Company contributed $62.1 million of offering proceeds to United Western Bank(R), which increased capital ratios: core capital to 8.77%, total ...
SOMERVILLE, MA -- (MARKET WIRE) -- 11/03/09 -- Central Bancorp, Inc. (NASDAQ: CEBK) (the "Company") today reported that its net income for the quarter ended September 30, 2009 increased to $604 thousand, or $0.30 per diluted share, as compared to a net loss of $9.5 million, or $6.80 per diluted share, for the comparable prior year quarter. The Company's net income for the six months ended September 30, 2009 was $901 thousand, or $0.40 per diluted share, as compared to net loss of $9.1 million, or $6.53 per diluted share, for the corresponding period in 2008. The financial results for both 2008 periods were significantly impacted by the September 2008 conservatorship of the Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac") that resulted in a $9.4 million impairment of the value of the Company's investment in the preferred stock of those companies. No tax benefit was recorded during that period as the losses were initially considered ...
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