Folsom Lake Bank CA (FOLB)

[imperativity]

Folsom Lake Bank reports second quarter profits

Looking good, Bob, looking very good.

FOLSOM, Calif., July 29, 2011 /PRNewswire/ -- Folsom Lake Bank (OTC Bulletin Board:FOLB.ob - News), announced unaudited financial results for the six month period ending June 30, 2011. The Bank reported net income of $84,192 compared to earnings of $61,038 for the first six months of 2010. The Bank reported its sixth profitable quarter with net income of $39,129 compared to $16,311 for the second quarter of 2010. Earnings per share were $0.05 for the six months in 2011 compared to $0.04 for the first half of 2010. Return on average assets was 0.15% for the six months in 2011 compared to 0.11% for the like period in 2010. "We are pleased to report a continued profitable operation, just what you would expect to see in a classic community bank," said Robert J. Flautt, President and CEO.

Net Interest Income for the six month period ending June 30, 2011 was $2,196,012, up $255,592, or 13.2% compared to the first six months of 2010, reflecting continued growth in loans as well as a low cost of deposits. Non-interest income was $237,518 for the first six months of 2011 compared to $195,688 for the same period of 2010, an increase of 21.3%. General and administrative expenses for the first two quarters of 2011 increased by $124,049 which was primarily due to the write down of other real estate in the amount of $186,000. Excluding the write-down, overall expenses declined 3.2% compared to the same period of 2010.

For the quarter ended June 30, 2011, total assets were $113.5 million, down 0.4% from the June 2010 asset level of $113.9 million. Total deposits were $94.7 million, down 3.8% from the year earlier $98.5 million, however checking, savings and money market deposit balances were up $18.6 million, as the bank focused on growing relationship deposits. Total loans ended the quarter at $75.4 million, an increase of $2.8 million from the prior year. According to Flautt, "Our focus over the past year has been on sustained profitability, bringing in new customer deposits and maintaining a high level of liquidity. We are especially proud of the 54.1% increase in checking, savings and money market deposits over the past year." Investments securities were $29.6 million, down $9.4 million compared to the year 2010 total of $39.0 million. The Allowance for Loan and Lease Losses (ALLL) now totals $1,512,814, or 2.0% of loans outstanding which provides an adequate reserve for problem loans.

"Our classic community bank serving our local communities continues to progress. Although the last four years has presented quite a few unexpected challenges, we have worked hard to build our bank to a strong position in the local marketplace. I expect we will continue our success focusing on the classic community bank values of customer service, local knowledge of our communities, and delivering what the customer needs and wants," concluded Flautt.

At June 30, 2011 shareholders equity totaled $12.4 million compared to $12.0 million at June 30, 2010. For quarter ending June 30, 2011, the Bank continued to have strong capital ratios. As of June 30, 2011, the Bank's tier-1 capital ratio stands at 10.41% and the total capital to risk-weighted assets is 15.39%. Both ratios are well above minimum regulatory standards to be considered a well-capitalized bank. Liquidity also remained healthy while maintaining a moderate loan to deposit ratio of 79.5%. Liquidity remained strong at $36.4 million at June 30, 2011. The Bank's investment portfolio consists primarily of safe U.S. Government agency bonds and mortgage-backed securities.

The Bank did not participate in the government TARP program and has no preferred stock that will need to be repaid and replaced with new capital. The Bank has no sub-prime loans and does not do sub-prime or any predatory lending. Additionally, the Bank participates in the Federal Deposit Insurance Corporation program which provides unlimited FDIC coverage on all non-interest bearing transaction accounts through December 31, 2012.

The Bank continues to be involved heavily in the community and in turn enjoys great support from the local customer base. Among the many organizations the Bank supports are: Mercy Hospital Foundation, Sutter Roseville Medical Center Foundation, Folsom Lake College Foundation and Three Stages at Folsom Lake College, Eureka Schools Foundation, Folsom Chamber of Commerce, Roseville Chamber of Commerce, Rotary International, Kiwanis, Placer County SPCA, Folsom Pro Rodeo, Folsom Historical Society, the Folsom and El Dorado & Sacramento Historical Railroad Association

Folsom Lake Bank has two locations, one in the heart of the Folsom's historic district on Sutter Street, and one in Roseville on Douglas Boulevard. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. Folsom Lake Bank is publicly traded on the Over-the-Counter Bulletin Board with a symbol of FOLB. For information please call Robert Flautt at 916-235-4570. Information on Folsom Lake Bank is also available at OTCMarkets.com or OTCBB.com.

This correspondence may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act. All of the statements contained in this correspondence, other than statements of historical fact, should be considered forward-looking statements. Although the Bank believes the expectations reflected in those forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results.

[imperativity]

Steady as she goes...more ever increasing and gradual profits booked.

[DADDY FAT SAXX]

No problem. Here to help when I can. :)

I will need to get some funds together before too long and take a position.

[imperativity]

Hey man, thanks for the defense on the other board. I still have family members in that one, and don't wanna bash, but mindless pumping is stupid when the product speaks for itself.

Oh and yeah, just spoke to my uncle a few months back about that. Still on track, still making conservative loans and barely any defaults to commercial lenders. Goal is to sell the bank to a larger one a few years down the road. Just a buy and hold with negligible volume.

[DADDY FAT SAXX]

I think this has gone up from the last time I checked. You still like the 10 year payback on this one?

[imperativity]

Holding well here in FOLB land.

[imperativity]

Folsom Lake Bank Reports Third Quarter Profits

FOLSOM, Calif., Oct. 25 /PRNewswire-FirstCall/ -- Folsom Lake Bank (OTC Bulletin Board:FOLB.ob - News), reported income of $99,501 for the third quarter ending September 30, 2010. This is the third consecutive quarter of profitability for the Bank, which opened in early 2007. For the first nine months, the Bank earned $160,539 on strong increases in net interest income, a reduced provision for loan losses and tight control on expenses. Earnings were dramatically improved over the prior year, with comparable results for the third quarter and nine months in 2009 of ($334,347) and ($877,431) respectively.

The bank ended the quarter with total assets of $115.2 million, an increase of 25.5% over the year earlier quarter ending 9/30/09. Total deposits were $99.6 million, up 31.5% or $23.8 million compared to 9/30/09. Checking, money market and savings accounts increased from $29.7 million to $49.1 million, up 65.5% as the Bank focused on growing core relationship deposits. "We have had strong success in growing our individual and business account relationships during 2010. Our non-interest checking balances are up over 75% over the past 12 months," stated Robert J. Flautt, President and Chief Executive Officer.

Gross loans increased 21.6% from the corresponding quarter a year ago to $73.4 million, an increase of $13.0 million. According to Flautt, "Aggregate loan demand remains weak because of the current economic climate. We are experiencing continued difficulty in finding ways to approve loans to many of our business clients as the recession has caused quite a few business owners to lose money and produce negative cash flow. However, we remain an active lender in the community and look forward to a continued growth in our loan portfolio."

The Bank's loan loss reserve is at a healthy 2.27% to total loans and totaled $1.7 million at September 30, 2010. During the quarter the Bank expensed $150,000 to maintain the adequacy of the allowance for loan losses. Flautt stated, "We are not unaffected by the economic downturn, however our healthy reserve provides a strong cushion for problem loans."

Net Interest Income for the nine-month period ending September 30, 2010 was $3,007,344, up $833,000 or 38.3% compared to $2,174,802 for the first nine months of 2009. Non-interest income for the nine-month period was $274,280, compared to $363,372 in the year earlier period. Controlling non-interest expense has been a focus for 2010 - total non-interest expense actually declined by $17,000 for the first nine months of 2010 compared to the nine month period in 2009. "Overall, we continue to be pleased with the progress of the Bank, especially our three quarters of profitable operation," stated Flautt, "These are especially challenging times for banks, and growing the Bank while holding expenses virtually flat is a noteworthy achievement."

For quarter-end, the Bank continued to have very strong capital ratios. As of September 30, 2010, the Bank's tier-1 capital ratio stands at 9.92% and the total capital to risk-weighted assets is 15.51%. Both ratios are well above minimum regulatory standards to be considered a well-capitalized bank. Liquidity also improved as the Bank increased investments and lowered the loan to deposit ratio from 79.7% to 73.7%. Liquid assets improved from $30.5 million at September 30, 2009 to $41.5 million as of September 30, 2010. The Bank's investment portfolio consists exclusively of safe U.S. Government agency bonds, mortgage backed bonds that enjoy the full faith and credit of the U.S. Government such as Fannie Mae and Freddie Mac, and fully insured certificates of deposits at other banks.

"The Bank's focus will continue to be on running a safe and strong locally oriented community bank with personal attention to our clients and a high level of customer service. We believe this approach is a strong success equation for a successful banking franchise in the communities surrounding Folsom Lake," stated Flautt, "I expect we will continue to attract new customer relationships based on these classic community bank values and that it will be the key ingredient to continuing the growth and success of the bank.

The Bank did not participate in the government TARP program and has no preferred stock that will need to be repaid and replaced with new capital. The Bank has no sub-prime loans and does not do sub-prime or any predatory lending. Additionally, the Bank participates in the Transaction Account Guarantee Program, which provides unlimited FDIC coverage on transaction accounts with an interest rate no higher than 0.25% through December 31, 2010.

Folsom Lake Bank is the area's newest community bank and has two locations. In Folsom, the Bank is located in the heart of the historic district at 905 Sutter Street, and in Roseville, the Bank is located at 2233 Douglas Boulevard, near the intersection of Eureka and Douglas. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. The Bank is heavily involved in the community and in turn enjoys great support from the local customer base. Folsom Lake Bank is publicly traded on the Over-the-Counter Bulletin Board. For information please call Robert Flautt at 916-235-4570.

[Stock]

SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS Reportable Flag Comments
6/19/2007 FOLB Folsom Lake Bank (CA) Common Stock 6/20/2007 **

http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=ALL&searchby=symbol&searchfor=folb&searchwith=Starting

[imperativity]

Target price of $50.00/sh in ten years time.

[imperativity]

Folsom Lake Bank Reports Second Quarter Profits

FOLSOM, Calif., July 15 /PRNewswire-FirstCall/ -- Folsom Lake Bank (OTC Bulletin Board:FOLB.ob - News), announced unaudited financial results for the six month period ending June 30, 2010. The Bank reported net income of $61,038 compared to a loss of $543,084 for the first six months of 2009. "We are very pleased that the operations of the Bank continue to progress as envisioned in our original plan for a classic community bank. The Bank continues to enjoy steady and manageable growth and a profitable operation during the first six months of the year," said Robert J. Flautt, President and Chief Executive Officer. "Our bank has built a strong foundation based on conservative operations, a community focus and a very personal approach to helping our clients with their banking business."

Folsom Lake Bank opened April 3, 2007 with 406 local investors. Two years later in July of 2009 the bank opened its second branch in Roseville near the busy intersection of Douglas Boulevard and Eureka Road. The branch has grown to $24 million in deposits and continues to attract new client relationships for customers looking for the personal touch. "The Bank is just now seeing the benefits of having two very attractive franchise locations in excellent markets. We look forward to continue strong and steady growth in both the Folsom and Roseville market areas," said David J. West, Chairman of the Board.

Net Interest Income for the six month period ending June 30, 2010 was $1,940,420, up $572,827 or 42% compared to the first six months of 2009, reflecting healthy growth in earning assets as well as a low cost of deposits. Expense growth was kept to just 6% over 2009 despite operating with a two branch system in 2010 compared to a one branch operation in 2009.

For the period ended June 30, 2010, total assets had grown to $113.9 million, an increase of $36.4 million or 46.9% from end of the second quarter of 2009. Total deposits were $98.5 million, up $37.0 million or 60.3% from one year ago. Total loans ended the quarter at $72.6 million, an increase of $23.5 million or 47.9% from the prior year. Investment securities were $39.0 million, up $19.9 million compared to the year earlier total of $19.1 million. The Allowance for Loan and Lease Losses (ALLL) now totals $1,609,940, or 2.22% of loans outstanding which provides a substantial cushion for problem loans.

"The Bank's focus will continue to be on building a strong balance sheet, maintaining a high level of liquidity and sustained profitability. Our assets are split nicely between a conservative lending portfolio and safe investments. Our growth has been remarkably steady since inception in spite of a weak economy. I expect we will continue to attract new customer relationships based on our classic community bank values of customer service, local knowledge of our communities and a focus on delivering what the customer wants. We are focused on long term profitability rather than short term results," concluded Flautt.

For quarter-end, the Bank continued to have very strong capital ratios. As of June 30, 2010, the Bank's tier-1 capital ratio stands at 10.07% and the total capital to risk-weighted assets is 15.26%. Both ratios are well above minimum regulatory standards to be considered a well-capitalized bank. Liquidity also increased substantially as the Bank increased investments and lowered the loan to deposit ratio from 79.9% to 73.7%. Liquidity improved from $27.4 million at June 30, 2009 to $40.8 million as of June 30, 2010. The Bank's investment portfolio consists exclusively of safe U.S. Government agency bonds, mortgage backed bonds that enjoy the full faith and credit of the U.S. Government such as Fannie Mae and Freddie Mac and fully insured certificates of deposits at other banks.

The Bank did not participate in the government TARP program and has no preferred stock that will need to be repaid and replaced with new capital. The Bank has no sub-prime loans and does not do sub-prime or any predatory lending. Additionally, the Bank participates in the Transaction Account Guarantee Program, which provides unlimited FDIC coverage on transaction accounts through December 31, 2010.

The Bank continues to be involved heavily in the community and in turn enjoys great support from the local customer base. Among the many organizations the Bank supports are the Mercy Hospital Foundation, the Sutter Roseville Medical Center Foundation, the Folsom Lake College Foundation and the new Performing Arts Center, the Eureka Schools Foundation, Folsom Chamber of Commerce, Roseville Chamber of Commerce, Rotary International, Kiwanis and the Placer County SPCA. The Bank also sponsors the Folsom Pro Rodeo, the Folsom Historical Society, and the Folsom, El Dorado & Sacramento Historical Railroad Association

Folsom Lake Bank is the area's newest community bank and has two locations. In Folsom, the Bank is located in the heart of the historic district at 905 Sutter Street, and in Roseville, the Bank is located at 2233 Douglas Boulevard, near the intersection of Eureka and Douglas. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. Folsom Lake Bank is publicly traded on the Over-the-Counter Bulletin Board. For information please call Robert Flautt at 916-235-4570.

This correspondence may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act. All of the statements contained in this correspondence, other than statements of historical fact, should be considered forward-looking statements. Although the Bank believes the expectations reflected in those forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results.

[imperativity]

Folsom Lake Bank Reports First Quarter Profits
Folsom Lake Bank (CA) (BB) (OTCBB:FOLB)
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6 Months : February 2010 to August 2010
Click Here for more Folsom Lake Bank (CA) (BB) Charts.

Folsom Lake Bank (OTC Bulletin Board: FOLB), announced unaudited financial results for the first quarter period ending March 31, 2010. The Bank reported its first profitable quarter with net income of $44,727 compared to a loss of $461,803 for the first quarter of 2009. "The Bank continues to enjoy steady and manageable growth, and now a profitable operation, just as our business plan for a classic community bank envisioned," said Robert J. Flautt, President and Chief Executive Officer. "Considering our road to profitability was paved during the "Great Recession", we feel an even greater sense of accomplishment."

Folsom Lake Bank opened April 3, 2007 with 406 local investors. The profitable operation comes 33 months after opening the Bank. The Bank had its first full month of profitability in June of 2009 as envisioned in the original business plan for the Bank, however expenses associated with the opening of a second branch in Roseville put the Bank back in the red. "The Bank had been looking for a location on Douglas Boulevard in Roseville and the Board of Directors decided it was a terrific opportunity that we could not pass up," said David J. West, Chairman of the Board.

Net Interest Income for the quarter was $992,276, up $357,588 or 56% compared to the first quarter of 2009, reflecting healthy growth in earning assets as well as a low cost of deposits. Non-interest income also showed strong growth, improving from $66,545 in first quarter 2009 to $116,614 for the first reporting period in 2010, an increase of 75%. Even with this total increase of 56% in revenue, expense growth was kept to just 15% reflecting a focus on efficiency.

For the quarter ended March 31, 2010, total assets had grown to $104.1 million, an increase of $32.9 million or 46.2% from the first quarter of 2009. Total deposits were $89.3 million, up $34.1 million or 61.8% from one year ago. Total loans ended the quarter at $66.1 million, an increase of $27.7 million or 52.3% from the prior year. Investments were $32.7 million, up $11.3 million compared to the year earlier total of $21.4 million. The Allowance for Loan and Lease Losses (ALLL) now totals $1,534,940, or 2.32% of loans outstanding which provides a more than adequate reserve for problem loans.

"The Bank's focus will continue to be on building a strong balance sheet, maintaining a high level of liquidity and sustained profitability. Our assets are split nicely between a conservative lending portfolio and safe investments. Our growth has been remarkably steady over the last three years in spite of a weak economy. I expect we will continue to attract new customer relationships based on our classic community bank values of customer service, local knowledge of our communities and a focus on delivering what the customer wants", concluded Flautt.

For quarter end, the Bank continued to have very strong capital ratios. As of March 31, 2010, the Bank's tier-1 capital ratio stands at 10.67% and the total capital to risk-weighted assets is 16.47%. Both ratios are well above minimum regulatory standards to be considered a well-capitalized bank. Liquidity also increased substantially as the Bank increased investments and lowered the loan to deposit ratio from 78.8% to 72.8%. Liquidity improved from $27.1 million at March 31, 2009 to $37.4 million as of March 31, 2010. The Bank's investment portfolio consists exclusively of safe U.S. Government agency bonds and mortgage backed bonds that enjoy the full faith and credit of the U.S. Government such as Fannie Mae and Freddie Mac.

The Bank did not participate in the government TARP program and has no preferred stock that will need to be repaid and replaced with new capital. The Bank has no sub-prime loans and does not do sub-prime or any predatory lending. Additionally, the Bank participates in the Transaction Account Guarantee Program, which provides unlimited FDIC coverage on transaction accounts through December 31, 2010.

The Bank continues to be involved heavily in the community and in turn enjoys great support from the local customer base. Among the many organizations the Bank supports are the Mercy Hospital Foundation, the Sutter Roseville Medical Center Foundation, the Folsom Lake College Foundation and the new Performing Arts Center, the Eureka Schools Foundation, Folsom Chamber of Commerce, Roseville Chamber of Commerce, Rotary International, Kiwanis and the Placer County SPCA. The Bank also sponsors the Folsom Pro Rodeo, the Folsom Historical Society, and the Folsom, El Dorado & Sacramento Historical Railroad Association

Folsom Lake Bank is the area's newest community bank and has two locations. In Folsom, the Bank is located in the heart of the historic district at 905 Sutter Street, and in Roseville, the Bank is located at 2233 Douglas Boulevard, near the intersection of Eureka and Douglas. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. Folsom Lake Bank is publicly traded on the Over-the-Counter Bulletin Board. For information please call Robert Flautt at 916-235-4570.

This correspondence may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act. All of the statements contained in this correspondence, other than statements of historical fact, should be considered forward-looking statements. Although the Bank believes the expectations reflected in those forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results.

SOURCE Folsom Lake Bank

[imperativity]

I will be looking to add this stock to my portfolio at any price under $10.00/share soon. The company's financial position is extremely conservative and solidly positioned for future growth.