Cooperative Bankshares Reports Second Quarter Earnings and Declares Cash Dividend.Business Editors WILMINGTON, N.C.--(BUSINESS WIRE)--July 12, 2000 Cooperative Bankshares, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COOP), reported net income for the quarter ended June 30, 2000, of $695,286 or $0.25 per share, a 3.2% increase over the same quarter last year. Income for June 30, 1999 was $673,396 or $0.23 per share. Total assets at June 30, 2000 were $420.7 million; stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. was $30.0 million or $11.06 per share and represented 7.14% of assets. Nonperforming loans and foreclosed real estate remained low at 0.20% of assets at June 30, 2000. On June 22, 2000 the Board of Directors declared the company's regular quarterly cash dividend on its common stock, of $.05 per share. The dividend is payable July 15, 2000, to shareholders of record on July 1, 2000. Cooperative Bankshares, Inc. is the parent company of Cooperative Bank Cooperative bank may refer to:
Please [ improve this article] or discuss the issue on the talk page. through 16 offices in Eastern North Carolina Eastern North Carolina or (often abbreviated as ENC) is the region of North Carolina which includes the eastern third of North Carolina. It includes the Outer and Inner banks, thus it is often known geographically as the state's coastal region. . |
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