First Trust Bank Announces 36% Increase in Income
02 5월 2006 - 1:00AM
PR Newswire (US)
CHARLOTTE, N.C., May 1 /PRNewswire-FirstCall/ -- First Trust Bank
(OTC:NCFT) (BULLETIN BOARD: NCFT) reported first quarter results
today. The bank reported net income of $927 thousand, or $0.31 per
share, for the quarter ended March 31, 2006, which represents a 36%
increase over net income of $683 thousand, or $0.27 per share, for
the first quarter of 2005. Fully diluted earnings for March 31,
2006 were $0.29 per share compared to $0.25 per share in 2005.
Assets at March 31, 2006 grew to $329 million, an increase of $80
million, or 32%, over the $249 million reported at March 31, 2005.
Loans totaled $236 million at quarter end, an increase of 29% over
March 31, 2005. Jim Bolt, President and CEO said, "We are very
pleased with continued double-digit increases in earnings." First
Trust Bank specializes in serving the banking needs of small
businesses and professionals in the Charlotte, Mooresville,
Davidson, Cornelius, Huntersville, Concord and Monroe markets. The
bank operates three full-service offices located at 1420 East Third
Street and 2245 Rexford Road in Charlotte, NC and 108 Gateway
Boulevard in Mooresville, NC; and loan production offices at 916
Copperfield Boulevard in Concord, NC and at 2610 W. Roosevelt
Boulevard in Monroe, NC. For additional information, please contact
Jean Galloway or Jim Bolt at 704-377-3936 (fax 704-377-8869) or by
e-mail at http://www.firsttrustnc.com/. DATASOURCE: First Trust
Bank CONTACT: Jean Galloway or Jim Bolt of First Trust Bank,
+1-704-377-3936, or fax, +1-704-377-8869 Web site:
http://www.firsttrustnc.com/
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