Total Assets $940.5 million up 10% for the quarter and 32% year-over-year Loans increased to $787.7 million up 12% for the quarter and 49% year-over-year Deposits increased to $732.2 million up 36% for the quarter and 38% year-over-year Net interest income for the quarter was $10.1 million, up 5% for the quarter and 50% year-over-year Non-interest income for the quarter was $606 thousand for the quarter, up 10% for the quarter and down 12% year-over-year Non-interest expense for the quarter was $8.2 million for the quarter, up 9% for the quarter and 41% year-over-year /EIN News/ — LA JOLLA, Calif., July 22, 2019 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM) (“Company”), parent company of CalPrivate Bank (“Bank”), announced unaudited financial results for the quarter ended June 30, 2019. Net income for the second quarter of 2019 was $1.0 million, or $0.20 per diluted share, compared with $1.6 million, or $0.50 per diluted share for the first quarter of 2019 and $0.9 million, or $0.17 per diluted share for the second quarter of 2018. During the quarter, the Company completed an $18 million subordinated debt offering and raised $10 million in a private placement equity offering to qualified investors. … Read full this story
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