AltaPacific Bancorp Reports Earnings for Third Quarter 2018 - Seite 2

The following is a summary of the company’s financial performance (unaudited) as of September 30, 2018:

(Dollars in thousands)		December 31, 2017			June 30, 2018			September 30, 2018
Gross Loans		$	295,684		$	328,319		$	322,313
Allowance for Loan Losses			3,686			4,126			4,126
Net Loans			291,998			324,193			318,187
Total Assets			418,634			434,211			431,106
Total Deposits			335,147			338,189			339,573
Shareholders’ Equity			58,028			56,043			53,530

(Dollars in thousands, except per share data)		Three Month Period Ending								Nine Month Period Ending
		June 30, 2018

 

September 30,
2018

September 30,
2017

 

September 30,
2018

Interest Income $ 5,780 $ 5,458 $ 14,396 $ 16,099 Interest Expense 530 534 1,285 1,493 Net Interest Income 5,250 4,924 13,111 14,606 Provision for Loan Losses 300 - 150 440 Noninterest Income 174 210 1,881 963 Noninterest Expense 3,200 3,183 10,290 9,788 Pretax Income 1,924 1,951 4,552 5,341 Provision for Income Taxes 563 564 1,172 1,544 Net Income 1,361 1,387 3,380 3,797   Return on Average Assets 1.35 % 1.38 % 1.11 % 1.26 % Return on Average Equity 9.53 % 9.71 % 7.74 % 8.86 % Efficiency Ratio 59.00 % 62.00 % 68.64 % 62.87 % EPS Basic $ 0.23 $ 0.24 $ 0.53 $ 0.64 EPS Diluted $ 0.22 $ 0.23 $ 0.52 $ 0.63 Book Value Per Common Share $ 9.44 $ 9.39 $ 9.32 $ 9.39 Common Shares Outstanding 5,936,160 5,698,103 6,328,352 5,698,103 Weighted Average Shares - Basic 6,032,791 5,785,838 6,435,560 5,949,569 Weighted Average Shares - Diluted 6,144,373 5,932,218 6,489,918 6,073,999  

Forward-Looking Statements