Mission Valley Bancorp Reports Earnings Results for the First Quarter Ended March 31, 2019
April 30, 2019 at 06:00 am
Mission Valley Bancorp reported earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net income of $701,000 or $0.22 per diluted share compared to $1,384,000 or $0.43 per diluted share for the first quarter of 2018. The primary driver of the year over year variance was the result of a strategic decision to retain loans available for sale on the balance sheet, as opposed to selling them.