Premier Commercial Bancorp (fka PRCB)

[56Chevy]

Columbia Commercial Bancorp Reports First Quarter 2014 Results

HILLSBORO, OR--(Marketwired - Apr 23, 2014) - Columbia Commercial Bancorp (OTCBB: CLBC), a single bank holding company for Premier Community Bank (the Bank), reports a net profit of $258,000, or $0.05 per diluted share for the first quarter of 2014 compared to a net profit of $368,000, or $0.10 per diluted share for the first quarter of 2013.

"The Bank continues to reduce its non-performing assets and has eliminated all brokered deposits while also reducing reliance on other non-traditional out-of-area deposits which have had a positive effect on net interest income and earnings. And while operating expenses have been elevated the past few quarters in regards to problem assets and the Bank's recent name change, the Company is well positioned for growth and continued profitability in the year ahead," stated the Company's President and CEO, Rick A. Roby.

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http://ih.advfn.com/p.php?pid=nmona&article=61939856

Book Value $5.27

Market Value $4.55

Bank is selling at 14% discount to BV

Marker:
Columbia Commercial (CLBC)
$4.55 0.0 (0.00%)
Volume: 0