FPB Financial Corp. Announces 2005 Second Quarter Earnings and Declares Dividends.HAMMOND Hammond. 1 City (1990 pop. 84,236), Lake co., extreme NW Ind., bounded by Lake Michigan, the Ill. state line, and the Little Calumet River, and traversed by the Grand Calumet River; settled 1851, inc. 1884. , La. -- Fritz fritz n. Informal A condition in which something does not work properly: Our television is on the fritz. [Perhaps from German Fritz W. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic II, Chairman of FPB FPB Forum of Private Business (UK) FPB Forest Practices Board FPB Fritz's Polka Band FPB Fast Patrol Boat FPB Flexor Pollicis Brevis FPB Fédération Pétrolière Belge (Belgium) FPB Farmland Protection Board Financial Corp. (Pink Sheets:FPBF), the holding company for Florida Parishes The Florida Parishes are those parishes in Louisiana which were part of West Florida in the early 19th century. Unlike much of the state of Louisiana, this region was not part of the Louisiana Purchase, as it remained under Spanish control. Bank, announced earnings for the quarter ended June 30, 2005. Net income per share for the three months ended June 30, 2005 was $266,000 ($1.03 per common share) up 145.2% from $106,000 ($0.42 per common share) for the 2004 comparable period. Net income for the six months ended June 30, 2005, was $384,000 ($1.49 per common share) up 69.3% from $223,000 ($0.88 per common share) for the 2004 comparable period. Earnings per share for the three and six months ended June 30, 2004 were positively affected by an after tax gain on the sale of investments of $224,000, and increased other non-interest income. Earnings were adversely affected by an increase in non-interest expense, primarily compensation, occupancy and equipment, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , and provisions for loan losses. Net interest income increased for the three and six month periods by 8.0% and 7.8% respectively. Dividends paid per share for the six months ended June 30, 2005 and 2004 were $0.20 per share. Return on average stockholders equity increased to 14.3% for the second quarter of 2005 compared to 6.06% for 2004 and 10.5% for the six months compared to 6.38% in 2004. The Company's balance sheet increased with net loans up 3.5% to $79.9 million, deposits up 2.1% to $62.6 million and total assets up 2.3% to $96.5 million compared to June 30, 2004. The companies loan loss reserve increased by $111,000 to $396,000. Book value per share increased to $26.86 for the period. For a complete copy and 2005 Second Quarter Earnings financials, please log on to our web-site at www.floridaparishesbank.com |
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