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Last $0.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
LBBB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

liberty bell bank (LBBB) Snapshot

Open
$0.75
Previous Close
$0.75
Day High
$0.75
Day Low
$0.75
52 Week High
05/16/14 - $1.14
52 Week Low
03/19/15 - $0.75
Market Cap
2.3M
Average Volume 10 Days
888.3
EPS TTM
--
Shares Outstanding
3.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LIBERTY BELL BANK (LBBB)

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liberty bell bank (LBBB) Details

Liberty Bell Bank provides commercial banking products and services primarily in New Jersey. It offers checking accounts, savings accounts, overdraft protection, money market accounts, certificates of deposits, remote deposit capture, night depository services, and funds disbursement and collection services, as well as provides online banking and bill-pay services, credit cards, and escrow management accounts. The company’s loan portfolio comprises commercial mortgage loans, business lines of credit, equipment financing, term loans, small business loans, small business and government assisted programs, commercial and residential construction loans, standby letters of credit, land development loans, and equipment leasing programs, as well as home equity fixed rate loans, home equity lines of credit, and automobile loans. It provides financial services to customers primarily in Camden and Burlington counties, as well as surrounding counties in New Jersey and Southeastern Pennsylvania. The company also maintains branch offices in Cherry Hill and Moorestown, New Jersey. Liberty Bell Bank was incorporated in 2002 and is headquartered in Marlton, New Jersey.

liberty bell bank (LBBB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

liberty bell bank (LBBB) Key Developments

Liberty Bell Bank Announces Management Change

Liberty Bell Bank appointed new chief executive as it continues to work through credit issues. The company announced that Benjamin Watts, its former chief financial officer, had become its president and CEO. Watts succeeded Kevin Kutcher, who became vice chairman and director of corporate and business development. Dennis Costa, who had been senior vice president of finance, was named chief financial officer. Liberty Bell also announced that Kenneth Lehman has joined the board.

Liberty Bell Bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Liberty Bell Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $1,077,000 compared to $1,331,000 a year ago. Net loss was $1,450,000 or $0.18 per diluted share compared to net income of $39,000 or $0.01 per basic and diluted share a year ago. The loss was due primarily to write down and loss on the sale of other real estate owned of $167,000; an additional provision for loan losses of $927,000 to replenish allowance for loan losses after reductions resulting from charge-offs of problem loans; a $135,000 increase in compensation expense due to additional hires to enhance business development initiative; additional legal expenses of $110,000 related to the troubled asset portfolio; $36,000 of expenses associated with other real estate owned; miscellaneous reductions in interest income totaling $70,000 recognized in the second quarter of 2014; $23,000 in professional fees to support development of a regulatory compliance plan and a strategic plan, and expenses of $11,000 incurred to perform maintenance and address environmental issues on properties serving as collateral for non-accrual loans. The decrease in interest and dividend income was due primarily to a decrease of $313,000 in interest and fees from loans and by a decrease of $42,000 in interest earned from investments. For the nine months, the company reported net interest income of $3,510,000 compared to $4,017,000 a year ago. Net loss was $2,392,000 or $0.42 per diluted share compared to $2,340,000 or $0.76 per diluted share a year ago. The decrease of $507,000 in net interest income was due to $822,000 decrease in interest and dividend income, partially offset by a $315,000 reduction in interest expense, primarily resulting from a decrease of interest on deposits and reduced borrowings from the Federal Home Loan Bank. The decrease in interest and dividend income was due primarily to a decrease of $747,000 in interest and fees from loans and a decrease of $75,000 in interest earned from investments.

Liberty Bell Bank Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Liberty Bell Bank reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported a net loss of $493,000 or $0.09 per diluted share for the three months ended June 30, 2014, compared to a net loss of $2.6 million or $0.77 per diluted share for the same period in 2013, a decreased loss amount of $2.1 million or $0.68 per diluted share. The loss of $493,000 in the second quarter of 2014 was due primarily to: a loss on the sale of other real estate owned of $214,000. Net interest income was $1.204 million against $1.326 million a year ago. The net loss for the six months ended June 30, 2014 was $942,000 or $0.21 per diluted share, compared to a net loss of $2.4 million or $0.78 per diluted share for the same period in 2013. Net interest income was $2.433 million against $2.686 million a year ago.

 

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Colombo Bank $0.33 USD 0.00
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Industry Analysis

LBBB

Industry Average

Valuation LBBB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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