Pacific Alliance Bank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
The company posted net income of $1,106,000 or $0.38 per share for the year ended December 31, 2014, compared with net income of $1,072,000 or $0.48 per share for the same period in 2013. The bank's ROA as of December 31, 2014 is 0.59% and ROE is 5.23%. For the same period in 2013, ROA is 0.80% and ROE is 6.62%. The reduction in ROA and ROE is mainly attributable to the rapid growth in assets and capital.