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Last $8.34 USD
Change Today 0.00 / 0.00%
Volume 0.0
FOLB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

folsom lake bank (FOLB) Snapshot

Open
$8.34
Previous Close
$8.34
Day High
$8.34
Day Low
$8.34
52 Week High
09/3/14 - $9.00
52 Week Low
01/8/15 - $6.95
Market Cap
13.3M
Average Volume 10 Days
158.0
EPS TTM
--
Shares Outstanding
1.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FOLSOM LAKE BANK (FOLB)

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folsom lake bank (FOLB) Details

Folsom Lake Bank provides banking services to consumers and businesses. The company focuses on small business clients, professionals, and individuals in the communities surrounding Folsom Lake. It offers business banking services that include checking and savings accounts, business loans, business lines of credit, business term loans, and real estate loans; and overdraft protection, construction financing, commercial real estate, funds management, and other loan services. The company also provides personal banking services that include loans, credit cards, personal loans/lines of credit, automobile/boat/recreational vehicle loans, home equity line of credit, home equity loans, consumer deposits, personal savings options, certificates of deposit, individual retirements accounts, and other conveniences; and overdraft protection and residential construction financing services. In addition, it offers online banking and bill pay services. The company was founded in 2007 and is based in Folsom, California with a branch in Roseville, California.

Founded in 2007

folsom lake bank (FOLB) Top Compensated Officers

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Executives, Board Directors

folsom lake bank (FOLB) Key Developments

Folsom Lake Bank Names Renee Nash to its Board

Folsom Lake Bank appointed Renee Nash to its board. Nash was named to the $155 million-asset bank's board. Folsom Lake's chief marketing officer, Carrie Reginato, declined to say if Nash replaced someone on the board or if there was a vacancy. Folsom Lake's board has varied in number over the years, between nine and 12 members. The bank currently has 10 directors. Nash is general counsel at Professional Educational Services in Granite Bay, Calif. She previously worked as a lobbyist for the California Newspaper Publishers Association.

Folsom Lake Bank Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Folsom Lake Bank announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced pre-tax earnings of $382,488, an 87.3% increase over second quarter 2014 earnings of $178,302. Net income for the quarter was $244,548 compared to $244,185 in the second quarter of 2014. Earnings per share for the quarter were $0.15 unchanged from $0.15 per share in the second quarter of 2014. Net interest income for the quarter was $1,436,188 compared to $1,177,674 in the second quarter of 2014, an increase of $258,514 or 21.9% over last year. For the six months, the company's pre-tax earnings were $640,473, up $203,688 or 46.6% compared to first six months of 2014. Overall, the Bank's pre-tax income was helped by strong growth in earning assets as well as a better asset mix. Net income was $407,760 compared to $476,785 in 2014, a decrease of $69,025 or 14.5%. Earnings per share for the period were $0.26 compared to $0.30 per share in the first half of 2014. Net interest income for the period was $2,731,479 up $371,645 or 15.7% over the same period in 2014. Overall, the Bank's net interest income was helped by strong growth in earning assets as well as a better asset mix, primarily a higher percentage of loan assets, as the Bank's loan to deposit ratio improved from 74.1% at June 30, 2014 to 77.3% at June 30, 2015. Return on average assets was 0.56% for 2015 compared to 0.72% in 2014, a decrease of 22% from one year ago. Return on average equity was 5.2% for the first half of 2015 and 6.1% for the first half of 2014. The lower levels in ROA and ROE were due to the tax provisions that began in 2015.

Folsom Lake Bank Reports Earnings Results for the First Quarter of 2015

Folsom Lake Bank reported earnings results for the first quarter of 2015. For the quarter, the company reported pre-tax earnings of $257,986 for the first quarter of 2015, a 10.9% increase over first quarter 2014 earnings of $232,600. Net income after tax for the first quarter of 2015 was $163,214, down $25,386 or 29.8%, compared to first quarter 2014 after tax income of $232,600. Earnings per share were $0.10 compared to $0.15 per share in the first quarter of 2014, a decrease of 33%. Net interest income for the first quarter of 2015 was $1,295,291 compared to $1,182,160 in the first quarter of 2014. This represents an increase of $113,131 or 9.6% over last year. The Bank's net-interest-margin was 3.67% in the first quarter of 2015 down slightly from 3.68% during the first quarter of 2013. Overall, the Bank's net interest income was helped by strong growth in earning assets as well a better asset mix, primarily a higher percentage of loan assets, as the Bank's loan to deposit ratio improved from 69% to 78%. Non-interest income for the first quarter ending March 2015 was $88,424, an increase of $22,599 or 34.3% over the first quarter of 2014. The Bank had positive increases in all areas of non-interest income with significant increases in fee income. Return on average assets was 0.44% for 2015 compared to 0.66% in the first quarter of 2014, a decrease of 33% from one year ago. Return on average equity was 4.3% for the first quarter of 2014 and 6.7% for the first quarter of 2013. The lower levels in ROA and ROE were due to the tax provisions that began in 2015.

 

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