BAY COMMERCIAL BL (CA)
SymbolBCML

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Bay Commercial Bank Reports Third Quarter 2009 Results

2009-10-21 12:10 ET - News Release


Company Website: http://www.baycommercialbank.com
WALNUT CREEK, Calif. -- (Business Wire)

Bay Commercial Bank (OTCBB:BCML) today announces its 3rd quarter 2009 operating results.

The Bank reported total assets as of September 30, 2009 of $154.1 million including loans outstanding of $129.3 million compared to September 30, 2008 total assets of $104.1 million and total loans outstanding of $93.1 million. At September 30, 2009, total deposits were $132.7 million compared to total deposits at September 30, 2008 of $80.7 million. The Bank’s operating income for the third quarter 2009 was $93,000 or $0.06 per share compared to net income for the same period in 2008 of $69,000 or $0.04 per share. The Bank’s 2009 year to date operating income was $132,000 or $0.09 per share compared to net income for the same period in 2008 of $236,000, or $0.15 per share. The Bank’s year to date 2009 operating results include one-time costs totaling $120,000 related to the acquisition of the Castro Valley branch and the FDIC special Assessment.

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