Pacific Alliance Bank Reports Earnings Results for the Month and Second Quarter Ended June 30, 2013; Reports One New Impaired Loan in the Second Quarter of 2013
The bank posted a net income of $209,000 or $0.09 per share in the second quarter of 2013, compared with a net loss of $49,000 or $0.03 per share for the same period in 2012. The bank's return on asset as of June 30, 2013 is 0.79% and return on equity is 6.57%. For the same period in 2012, negative return on asset was 0.53% and negative return on equity was 5.07%.
The bank reported that there is one new impaired loan in the second quarter amounting to $0.034 million of SBA loan unguaranteed portion.