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Bank of Coronado Reports Earnings Increase for First Half of 2000.


Business Editors

SAN DIEGO--(BUSINESS WIRE)--Oct. 10, 2000

Bank of Coronado Coronado (kŏr'ənä`dō), city (1990 pop. 26,540), San Diego co., S Calif., on a peninsula on the west side of San Diego Bay; inc. 1890. It is a well-known beach resort.  (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BCDO) earnings for the first half of the year 2000 were $436,000 compared to $209,000 for the same period in 1999 it was reported this week by the bank's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  William William, crown prince of Germany
William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack
 R. McLaurin McLaurin may refer to:

People with the surname McLaurin:
  • Anselm J. McLaurin (1848–1909), US politician from Mississippi
  • Gordon McLaurin
  • John L.
.

This represents an increase of 108 percent compared to the first six months of 1999, he noted.

After-tax earnings per share on June 30 this year are $0.54 per share on 801,255 shares outstanding, compared to $0.26 per share as of June 30, 1999 on 796,255 shares.

Bank of Coronado's total assets as of June 30, 2000 are $64,081,000 compared to $60,580,000 as of June 30, 1999.

Net loans outstanding increased to $46,208,000 as of June 30, 2000, compared to $36,338,000 on June 30, 1999. Loan growth was supported by an increase in deposits of $58,094,000 on June 30, 2000 from $55,367,000 on June 30, 1999 and a decrease in investments from $19,422,000 on June 30, 1999 to $13,982,000 on June 30, 2000.

Bank of Coronado shareholders received a dividend of $0.06 per share on June 26, 2000. This was the bank's seventeenth consecutive quarterly dividend.
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Publication:Business Wire
Date:Oct 10, 2000
Words:217
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