Community Bancorp Announces Earnings Per Share of $0.53 Despite Nonrecurring Costs.
Business Wire › October 22, 2007
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Community Bancorp Announces Earnings Per Share of $0.53 Despite Nonrecurring Costs.
LAS VEGAS -- Community Bancorp (NASDAQ:CBON), the Las Vegas-based community bank holding company with $1.7 billion in total assets as of September 30, 2007, operating through Community Bank of Nevada and Community Bank of Arizona, today announced financial results for the three and nine months ended September 30, 2007.
Overview for the Third Quarter 2007 Linked Quarter * Net income for the third quarter of 2007 decreased to $5.5 million compared to $5.6 million at June 30, 2007. * Earnings per share for the third quarter of 2007 were $0.53 per diluted share compared to $0.54 per diluted share for the second quarter of 2007. * Gross loans increased $7.3 million during the third quarter of 2007. For the nine months ended September 30, 2007, gross loans increased $120.5 million, or 12.9% annualized. * Non-performing loans were $7.7 million at September 30, 2007, or 0.56% of gross loans, compared to $1.3 million, or 0.10% of gross loans at June 30, 2007, with one participation credit representing 38% of non-performing loans at September 30, 2007. 2007 versus 2006 * Net ...See the full content of this document
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