Cooperative Bankshares Reports Third Quarter Earnings and Declares Cash Dividend.Business Editors WILMINGTON, N.C.--(BUSINESS WIRE)--Oct. 10, 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 September 30, 2000, of $727,678 or $0.26 per share, a 7.1% increase over the same quarter last year. Income for September 30, 1999 was $679,325 or $0.23 per share. Total assets at September 30, 2000 were $414.7 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 $30.7 million or $11.31 per share and represented 7.4% of assets. Nonperforming loans and foreclosed real estate remained low at 0.49% of assets at September 30, 2000. On September 21, 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 October 16, 2000, to shareholders of record on October 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. . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion