First Trust Bank Announces First Quarter Net Income of $1 Million
26 4월 2007 - 12:00AM
PR Newswire (US)
CHARLOTTE, N.C., April 25 /PRNewswire-FirstCall/ -- First Trust
Bank (OTC:NCFT) (BULLETIN BOARD: NCFT) reported first quarter
results today. The bank reported net income of $1 million, or $0.27
per share, for the quarter ended March 31, 2007, which represents
an 8% increase over net income of $927 thousand, or $0.26 per
share, for the first quarter of 2006. Fully diluted earnings for
the quarter ended March 31, 2007 were $0.26 per share, compared to
$0.24 per diluted share in 2006. Assets at March 31, 2007 grew to
$379 million, an increase of $50 million, or 15%, over the $329
million reported at March 31, 2006. Loans totaled $281 million at
quarter end, an increase of 19% over March 31, 2006. Jim Bolt,
President and CEO said, "Despite net interest margin compression,
robust loan production contributed to a record $1 million in net
income for the first quarter." First Trust Bank is a commercial
bank whose target market is small to medium sized businesses and
professionals. The Bank operates three banking offices at 1420 East
Third Street and 2245 Rexford Road, Charlotte, NC and 108 Gateway
Boulevard, Mooresville, NC; and a loan production office 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, fax, +1-704-377-8869, or by e-mail at
http://www.firsttrustnc.com/ Web site: http://www.firsttrustnc.com/
Copyright