Pacific Alliance Bank Reports Unaudited Earnings Results for the Three Months Ended March 31, 2017
Pacific Alliance Bank reported unaudited earnings results for the three months ended March 31, 2017. For the year, the company reported net income after income taxes of $416,000 or $0.14 per share for the three months ended March 31, 2017, compared with a net income of $634,000 or $0.22 per share for the same period in 2016. The Bank's ROA as of March 31, 2017 was 0.62% and ROE was 5.44%. For the same period in 2016, ROA was 1.44% and ROE was 13.10%.