RBCB's Growth Continues With Second Quarter Earnings Up.Business Editors Rancho Bernardo Community Bank (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RBCB RBCB Run-Beyond-Cladding-Breach RBCB Red Bluff Community Band (Red Bluff, CA) ) announced earnings of $146,000 for the first half of 2002, down 24% from $194,000 for the same period of 2001. Second quarter earnings were $79,000 and were up 49% when compared to the same quarter of last year. For the period ending June 30, 2002, Rancho Bernardo Community Bank's total assets grew 17% from $74,464,000 to $87,181,000, total loans increased 11% from $54,715,000 to $60,901,000 and total deposits increased 17% from $66,329,000 to $77,751,000. RBCB is a highly asset sensitive bank and rapid rate reductions combined with spread compression have depressed earnings for the last five quarters. Continued growth and normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. of interest rates should enhance operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. in future quarters. Rancho Bernardo Community Bank serves all of San Diego County and specializes in business loans and lines, equipment loans, construction loans and SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loans. This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Rancho Bernardo Community Bank with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. |
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