Bank of Wilmington Triples Net Income in 2002; Double-digit Growth in Assets and Deposits.Business Editors WILMINGTON Wilmington. 1 City (1990 pop. 71,529), seat of New Castle co., NE Del., on the Delaware River and tributary streams, the Christina and the Brandywine; settled 1638, inc. as a city 1832. , N.C.--(BUSINESS WIRE)--Jan. 27, 2003 Bank of Wilmington (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : BKWW) announced today that it posted net income of $637,064, or $0.47 per share, for 2002 - more than triple 2001 net income of $201,579. Total assets grew by 11% from $101.8 million at year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. 2001 to $112.8 million at year-end 2002. Net loans outstanding rose 5% during the same period from $82.0 million to $86.3 million, while deposits totaled $103.9 million at year-end 2002, an increase of 14% from $90.9 million at year-end 2001. "As we close our eighth consecutive profitable quarter, we are pleased with the results yielded from our shift in focus from growing the balance sheet to strengthening the income statement," said Cameron Coburn, President, Chairman 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. of Bank of Wilmington. "Operating results in 2002 significantly improved over 2001, thanks in large measure to the remarkable support of our shareholders and customers and the unyielding commitment of our staff." Bank of Wilmington's common stock is traded on the OTC Bulletin Board under the symbol BKWW. Established in 1998, the bank has two locations: the main office at 1117 Military Cutoff Road and a branch office at 3702 South College Road in the Pine Valley Pine Valley may refer to:
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