Albina Community Bancorp Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
Albina Community Bancorp reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported total interest income of $1,543,000, net interest income after provision of $1,068,000, pretax income of $150,000, net income of $157,000 or $0.12 per basic and diluted share compared to the total interest income of $1,906,000, net interest income after provision of $1,134,000, pretax loss of $1,289,000, net loss of $1,289,000 or $0.92 per basic and diluted share for the same quarter year ago.
For the year, the company reported total interest income of $7,002,000, net interest income after provision of $4,847,000, pretax income of $300,000, net income of $292,000 or $0.22 per basic and diluted share compared to the total interest income of $8,716,000, net interest income after provision of $2,671,000, pretax loss of $4,858,000, net loss of $4,873,000 or $3.91 per basic and diluted share for the previous year.