CNLA Community National Bank of the Lakeway Area featured news, full reports, and detailed charts
Community National Bank of the Lakeway Area (CNLA/CNLA.OB) Wrap Up:
Community National Bank of the Lakeway Area provides various banking services to individuals and businesses primarily in the Counties of Hamblen and Jefferson. The company engages in generating deposits and originating loans. Its deposit products include savings, checking, negotiable order of withdrawal, and money market accounts; demand and time deposits; and certificates of deposits. The company’s loan portfolio comprises commercial real estate, construction and development, residential real estate, commercial and industrial, and student and consumer loans, as well as home equity lines of credit. It also provides cash management, automated teller machine, and online banking services. Commu...Community National Bank of the Lakeway Area (CNLA:OTC Bulletin Board Market)
Snapshot of Community National Bank of the Lakeway Area (CNLA)
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OPEN
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PREVIOUS CLOSE
$3.00
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/20/08 - $4.58
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52 WEEK LOW
09/25/09 - $1.55
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MARKET CAP
5.7M
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AVERAGE VOLUME 3 mo
880.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.9M
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CNLA Does Not Pay Dividends
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P/E TTM
NM
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CNLA Top Compensated Officers
Executives, Board Directors
Key developments for Community National Bank of the Lakeway Area (CNLA)
National Bank of the Lakeway Area announced its intent to voluntarily delist from the NASDAQ National Market (NASDAQ). The Bank will immediately proceed with delisting by providing a written notice to NASDAQ today of its intention to delist and file a Form 25 with the Office of the Comptroller of the currency on or about December 19, 2008. The delisting from NASDAQ is expected to become effective 10 days after such filing, although we expect NASDAQ will suspend trading at the open of trading on December 19, 2008. Following clearance by the Financial Industry Regulatory Authority of a Form 211 application filed by a market maker in the Bank's stock, the Bank expects that its shares will be quoted on the OTC Bulletin Board. The Bank will remain subject to the periodic reporting requirements of the Securities Exchange Act through the Office of the Comptroller of the Currency.
Community National Bank of the Lakeway Area reported unaudited earnings results for the third quarter and nine months ended September 30, 2008. For the quarter, the company reported net loss of $75,000 or $0.04 loss per basic and diluted share on net interest income of $979,000 compared with profit of $122,000 or $0.07 per basic and diluted share on net interest income of $897,000 for the same period in the prior year. For the nine months, the company reported net loss of $322,000 or $0.17 loss per basic and diluted share on net interest income of $2,732,000 compared with profit of $370,000 or $0.20 per basic and diluted share on net interest income of $2,688,000 for the same period in the prior year.
Community National Bank of the Lakeway Area reported unaudited earnings results for the second quarter and six months ended June 30, 2008. For the period, the company reported a minimal net loss of $16,000 or $0.01 per basic and diluted share, compared with a profit of $121,000 profit, or $0.07 per basic and diluted share for the same period in the prior year. Net interest income of $923,000 compared to net interest income of $909,000 a year ago. For six months, the company reported net loss of $247,000 or $0.13 basic and diluted loss per share on net interest income of $1,753,000 compared to net income of $248,000 or $0.14 basic and diluted earning per share on net interest income of $1,791,000 a year ago.
CNLA Competitors
| Company | Last | Change |
| Home Federal Bancorp Inc | $8.10 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CNLA | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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More Recent News About Community National Bank of the Lakeway Area
More news for CNLA
Community National Bank of the Lakeway Area Elects to Voluntarily Delist From NASDAQ
MORRISTOWN, Tenn., Dec. 9, 2008 (GLOBE NEWSWIRE) -- Community National Bank of the Lakeway Area (NasdaqCM:CNLA - News) today announced its intent to voluntarily delist from the NASDAQ National Market (``NASDAQ''). The Bank will immediately proceed with delisting by providing a written notice to NASDAQ today of its intention to delist and file a Form 25 with the Office of the Comptroller of the currency on or about December 19, 2008. The delisting from NASDAQ is expected to become effective 10 days after such filing, although we expect NASDAQ will suspend trading at the open of trading on December 19, 2008. Following clearance by the Financial Industry Regulatory Authority of a Form 211 application filed by a market maker in the Bank's stock, the Bank expects that its shares will be quoted on the OTC Bulletin Board. The Bank will remain subject to the periodic reporting requirements of the Securities Exchange Act through the Office of the Comptroller of the Currency. The Bank is taking this action to reduce and more effectively manage its regulatory and administrative costs, and to enable Bank management to better focus on the growth and development of the Bank's business and prospects. The Bank has determined that the perceived benefit of being listed on NASDAQ no longer merits the capital and human investment involved in maintaining the listing. The benefits of maintaining a NASDAQ listing has declined over time as the trading volume has declined on NASDAQ. The Bank's average daily trading volume for the last three months has been less...Click here to read the whole Article (external link)