Temecula, CA- Mission Oaks Bancorp, whose subsidiary is Mission Oaks National Bank (MONB), announced unaudited results for the fourth quarter and full year of 2012.
The Company reported a net profit of $23,000, or $0.002 per share, for the quarter that ended December 31, 2012. This compares to a loss of $993,000, or $0.09 per share in the same quarter of the previous year. This was the company’s first profitable quarter since 2008.
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Although a very small bank and still moderately under-capitalized (under a Consent Order)...it does seem to be turning the corner.