Extract
Columbia Bancorp Continues with Loan and Deposit Growth.
Business Editors
THE DALLES, Ore.--(BUSINESS WIRE)--July 23, 2003 Columbia Bancorp (Nasdaq:CBBO), the financial holding company for Columbia River Bank, today announced second quarter 2003 earnings. EARNINGS Columbia had previously given guidance in a press release on June 11, 2003, that management expected earnings to be in the range of $0.15 to $0.17 per share. In keeping with that projection, Columbia announced today that its net income for the second quarter was $1.47 million, or $0.16 per diluted share, reflecting a decrease of 39.27% compared to $2.42 million, or $0.26 per diluted share in the second quarter of 2002. "We have dealt swiftly and aggressively to mitigate the risks associated with two assets on our balance sheet," stated Roger Christensen, Columbia's President and Chief Executive Officer. "We did this by reducing the value of our...See the full content of this document
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