Replies to post #2 on Avidbank Holdings, Inc. (AVBH)

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Avidbank Holdings, Inc. Announces Unaudited Net Income of $996,000 for the Fourth Quarter of 2014

Avidbank Holdings, Inc. ("the Company") (OTCBB:AVBH), a bank holding company and the parent company of Avidbank ("the Bank"), an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $996,000 for the fourth quarter of 2014 compared to $635,000 for the same period in 2013.

Full Year and Fourth Quarter 2014 Financial Highlights;

• Net income was $2,744,000 in 2014, compared to $2,508,000 in 2013. Results for the 2013 period included $748,000 in gains from the sale of investment securities compared to $261,000 in the 2014 period.

• Diluted earnings per common share were $0.62 for the year ended 2014, compared to $0.64 in 2013. Diluted earnings per common share were $0.22 for the fourth quarter of 2014, compared to $0.15 for the fourth quarter of 2013.

• Net income was $996,000 for the fourth quarter of 2014, compared to $635,000 for the fourth quarter of 2013. Results for the fourth quarter of 2013 included no gains from the sale of investment securities compared to $239,000 in the fourth quarter of 2014.

• Total assets decreased by 6% over the past twelve months, ending the fourth quarter at $469 million.

• Total loans outstanding grew by 33% in 2014, ending the fourth quarter at $342 million.

• Total deposits decreased by 14% over the past twelve months, ending the fourth quarter at $386 million.

• The Bank continues to be well capitalized with a Tier 1 Leverage Ratio of 10.5% and a Total Risk Based Capital Ratio of 12.2%.

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http://ih.advfn.com/p.php?pid=nmona&article=65638100

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