Pacific Alliance Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the bank reported net income of $2.6 million or $0.88 per share, compared to net income of $684,000 or $0.23 per share a year ago. The bank's ROA as of September 30, 2015 was 1.48% and ROE was 13.91%. For the same period in 2014, ROA was 0.51% and ROE was 4.50%. The increase in ROA and ROE is mainly attributable to the increase in interest income generated from loans.