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Blue Valley Ban Corp reports drop in profit.

Global Banking News-6 August 2008-Blue Valley Ban Corp reports drop in profit(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 06 August 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Blue Valley Ban Corp (OTC: BVBC), the parent company of Kansas City-based Bank of Blue Valley, has reported a drop in net income for the second quarter ended June 30, 2007 to USD24,000, or USD0.01 a share, from USD1.56m, or USD0.64 a share for the same period last year.

The company reported a net interest income of USD6.2m for the latest quarter, down from USD7m for the comparable period year ago. The bank said that its provision for loan losses stood at USD2.4m in the second quarter, compared with no provision for the year ago period.

Non-interest income for the latest quarter was USD2.2m, up from USD1.8m for the second quarter of 2007.

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Publication:Global Banking News (GBN)
Date:Aug 6, 2008
Words:179
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