CommerceWest Bank Reports Second Quarter 2009 Pretax Pre-provision Profit Increase of 13% as Compared to the Second Quarter 2008.
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CommerceWest Bank Reports Second Quarter 2009 Pretax Pre-provision Profit Increase of 13% as Compared to the Second Quarter 2008.
Financial performance highlights for the three months ended June 30, 2009:
* Pretax pre-provision profit of $1.6 million for the quarter, up 13% from the same period in the prior year * Net-interest margin of 5.22% for the quarter, up 1% from the prior quarter and up 18% from same period in the prior year * Efficiency ratio of 53.54% down 4% as compared to the same period in the prior year * Net income of $203...See the full content of this document
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