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Last $0.78 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/19/15 All times are local (Market data is delayed by at least 15 minutes).

liberty bell bank (LBBB) Snapshot

Open
$0.78
Previous Close
$0.78
Day High
$0.78
Day Low
$0.78
52 Week High
05/28/14 - $1.14
52 Week Low
03/19/15 - $0.75
Market Cap
2.4M
Average Volume 10 Days
3.4K
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

Chief Executive Officer, President and Direct...
Total Annual Compensation: $141.3K
Chief of Operations and Senior Vice President
Total Annual Compensation: $122.0K
Chief Lending Officer and Senior Vice Preside...
Total Annual Compensation: $141.0K
Compensation as of Fiscal Year 2014.

liberty bell bank (LBBB) Key Developments

Liberty Bell Bank Reports Earnings Results for the First Quarter Ended March 31, 2015

Liberty Bell Bank reported earnings results for the first quarter ended March 31, 2015. The company has reported a net income of $4,000 an improvement of $453,000 compared to net loss of $449,000 for the same period in 2014. The income of $4,000 in the first quarter of 2015 was due primarily to net interest income of $1.18 million, loan fees of $130,000 and fees from deposits of $45,000, exceeding its operating expenses of $1.35 million.

Liberty Bell Bank Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Liberty Bell Bank reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net loss of $1.6 million or $0.19 per diluted share compared to a net loss of $656,000 or $0.20 per diluted share for the same period in 2013. The loss of $1.6 million in the last quarter of 2014 was due primarily to the recording of a valuation provision expense of $540,000 for other real estate owned to reflect the decreased fair market value of such properties and an additional provision for loan losses of $620,000 in order to replenish reductions in the allowance for loan losses caused by the charge-off of $538,000 of loans which management determined to be uncollectable. Net interest income decreased $130,000 as compared to the three months ended December 31, 2013. The decrease of $130,000 in net interest income for the three months ended December 31, 2014 as compared to the three months ended December 31, 2013 was due to a $211,000 decrease in interest income partially offset by a $81,000 reduction in interest expense, $50,000 of which resulted from the Bank's payoff of its $5.0 million advance from the Federal Home Loan Bank of New York in December 2013 and $31,000 of which resulted from a decline in interest expense on deposits due to balance and rate decreases. The decrease in interest income was due primarily to a decrease of $173,000 in interest from loans and a decrease of $39,000 in interest earned from investments. For the year, the company had a $3.9 million net loss, or $0.60 per diluted share, compared to a net loss of $3.0 million or $0.89 per diluted share for 2013. The increase net loss was due primarily to a $637,000 decrease in net interest income from $5.3 million to $4.6 million for 2013 and 2014, respectively. The decrease of $637,000 in net interest income for 2014, as compared to 2013, was due to a $1.0 million decrease in interest income, partially offset by a $396,000 reduction in interest expense. The decrease in interest income was due primarily to a decrease of $920,000 in interest from loans and a decrease of $114,000 in interest earned from investments.

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.

 

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Industry Analysis

LBBB

Industry Average

Valuation LBBB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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