Bank of Florida Corp. Reports Fourth Quarter and Full Year 2008 Results.
Business Wire › February 13, 2009
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Bank of Florida Corp. Reports Fourth Quarter and Full Year 2008 Results.
NAPLES, Fla. -- Bank of Florida Corporation (Nasdaq: BOFL) reported fourth quarter and full year 2008 results. Highlights include:
* Tangible equity as a percentage of tangible assets of 8.43%, which is in the top 35% of commercial banks reporting tangible equity ratios during the fourth quarter of 2008 * Remain "well-capitalized" for regulatory purposes, with leverage, total capital and Tier 1 ratios of 7.86%, 11.12%, and 8.64%, respectively * Total loans grew 9% (annualized) from the third quarter of 2008; loans increased 11% compared to December 31, 2007 * Assets under management at Bank of Florida Trust Company increased to $495 million at December 31, 2008, up from $440 million at September 30, 2008 * Noninterest expenses decreased 4% and 6% compared to the third...See the full content of this document
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