Pacific Alliance Bank Announces Earnings Results for the Second Quarter Ending June 30, 2016
Pacific Alliance Bank announced earnings results for the second quarter ending June 30, 2016. For the quarter, the bank posted a net income of $615,000 or $0.20 per share compared with a net income of $465,000 or $0.16 per share for the same quarter in 2015. The bank's ROA as of June 30, 2016 is 1.21% and ROE is 10.88%. For the same period in 2015, ROA is 0.96% and ROE is 8.84%. The increase in ROA and ROE is mainly attributable to the increase in interest income generated from loans.