-Birmingham Bloomfield Bancshares reports fiscal results.
Global Banking News - 22 February 2012
Birmingham Bloomfield Bancshares Inc (OTC BB: BBBI), the holding company for Bank of Birmingham, serving Oakland County, has reported a net income of USD2.965m, or USD1.64 per common share for the fourth quarter of 2011, compared to net income of USD121,000, or USD0.07 per common share for the same period of 2010.
Net income for the twelve month period ended December 31, 2011 was USD3.75m, or USD2.08 per common share, compared to USD238,000, or USD0.13 per common share for the same period last year.
As of December 31, 2011, total assets were USD124.397m, a 12.7 percent increase from the prior year.
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