Pacific Alliance Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
The six months, net income as of June 2015 is $1,062,000 or $0.36 per share, compared to net income of $691,000 or $0.24 per share last June 2014. The Bank's ROA as of June 30, 2015 is 0.96% and ROE is 8.84%. For the same period in 2014, ROA is 0.64% and ROE is 5.87%. The increase in ROA and ROE is mainly attributable to the increase in interest income generated from loans.