DLNO Delanco Bancorp Inc. featured news, full reports, and detailed charts
Delanco Bancorp Inc. (DLNO/DLNO.OB) Wrap Up:
Delanco Bancorp, Inc. operates as the holding company for Delanco Federal Savings Bank that provides community-oriented financial services to consumers and businesses. It primarily engages in generating deposits and originating loans. The company’s deposit products include non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including negotiable order of withdrawal and money market accounts; savings accounts; commercial checking accounts; and certificates of deposit. Its loan portfolio comprises one- to four-family residential, commercial and multi-family real estate, commercial, and consumer loans. As of March 31, 2008, Delanco Bancorp operated ...www.delancofsb.com
32 Employees
Delanco Bancorp Inc. (DLNO:OTC Bulletin Board Market)
LAST $4.00 USD
CHANGE TODAY -0.25 -5.88%
VOLUME 1.5K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Delanco Bancorp Inc. (DLNO)
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OPEN
$4.00
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PREVIOUS CLOSE
$4.25
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DAY HIGH
$4.00
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DAY LOW
$4.00
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52 WEEK HIGH
08/21/09 - $7.00
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52 WEEK LOW
12/24/08 - $1.25
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MARKET CAP
6.5M
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AVERAGE VOLUME 3 mo
50.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.6M
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DLNO Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
DLNO Top Compensated Officers
Mr. James E. Igo
Chief Executive Officer, President, Chief Exe...
Age: 52
Total Annual Compensation: $129.8K
Mr. Douglas R. Allen Jr.
Senior Vice President, Corporate Secretary an...
Age: 61
Total Annual Compensation: $100.0K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Delanco Bancorp Inc. (DLNO)
Delanco Bancorp Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2009
08/21/2009
Delanco Bancorp Inc. announced unaudited consolidated financial results for the first quarter ended June 30, 2009. For the three months ended June 30, 2009, Delanco recorded net earnings of $46,000 as compared to a loss of $87,000 for the three months June 30, 2008. Earnings per share for the first quarter ending June 30, 2009 was $0.03, compared to a loss of $0.06 per share for the quarter ending June 30, 2008. Delanco's net interest income increased by $239,000 or 29% to $1.1 million for the quarter ended June 30, 2009, increased by $262,000 or 32.6% compared to the net interest income for the quarter ended June 30, 2008 of $802,919. The company reported income before income tax of $62,820 on total interest income of $1,764,532 compared to loss before income tax of $120,761 on total interest income of $1,746,618 for the same period of last year.
Delanco Bancorp Inc., Annual General Meeting, Aug 17, 2009
06/24/2009
Delanco Bancorp Inc., Annual General Meeting, Aug 17, 2009, at 17:00 Eastern Daylight. Location: 615 Burlington Avenue, Delanco, New Jersey,United States. Agenda: To amend Article III, Section 2 of the company's Bylaws to decrease the number of directors from nine to seven; to approve the resignation of Robert H. Jenkins, Jr. as a member of the Board of Directors of the company and its wholly-owned subsidiary, Delanco Federal Savings Bank; to elect two directors to serve for a term of three years; to ratify the selection of Connolly, Grady & Cha, P.C. as independent registered public accounting firm for fiscal year 2010; to transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting .
Robert H. Jenkins, Jr. Resigns as Member of the Board of Directors of Delanco Bancorp Inc., Effective August 17, 2009; Amends Bylaws
06/24/2009
On June 22, 2009, Robert H. Jenkins, Jr. notified Delanco Bancorp Inc. that, effective following the company's Annual Meeting of Stockholders on August 17, 2009, he is resigning as a member of the Board of Directors of the company and its wholly-owned subsidiary, Delanco Federal Savings Bank. On June 22, 2009, the Board of Directors of the company amended Article III, Section 2 of the company's Bylaws to decrease the number of directors from nine to seven effective following the company's Annual Meeting of Stockholders on August 17, 2009.
DLNO Competitors
| Company | Last | Change |
| FSB Community Bankshares Inc | $9.50 USD | 0.00 |
| Gouverneur Bancorp Inc | $7.00 USD | +0.25 |
| Mainstreet Financial Corp | $0.31 USD | 0.00 |
| Polonia Bancorp | $4.75 USD | 0.00 |
| Sugar Creek Financial Corp | $7.10 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | DLNO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.6x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.6x |
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DLNO |
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More Recent News About Delanco Bancorp Inc.
More news for DLNO
DELANCO BANCORP, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations at and for the six months ended September 30, 2009 and 2008 is intended to assist in understanding our financial condition and results of operations. The information contained in this section should be read in conjunction with the Unaudited Financial Statements and the notes thereto, appearing in Part I, Item 1 of this report. Forward-Looking Statements This quarterly report contains forward-looking statements that are based on assumptions and may describe our future plans, strategies and expectations. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of our loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in our market area, changes in real estate market values in our area, and changes in relevant accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, we do not undertake, and specifically disclaim any obligation, to release publicly the result of any revisions that may be made to any f...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 8-K, Results of Operations and Financial Condition, Amendments to Articles of Inc
Show all filings for DELANCO BANCORP, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for DELANCO BANCORP, INC 21-Aug-2009Results of Operations and Financial Condition, Amendments to Articles of Inc Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations at and for the three months ended June 30, 2009 and 2008 is intended to assist in understanding our financial condition and results of operations. The information contained in this section should be read in conjunction with the Unaudited Financial Statements and the notes thereto, appearing in Part I, Item 1 of this report. Forward-Looking Statements This quarterly report contains forward-looking statements that are based on assumptions and may describe our future plans, strategies and expectations. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of our loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in our market area, changes in real estate market values in our area, and changes in relevant accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, we do not undertake, and specifically disclaim any obligation, to release publicly the result of any revisions that may be made to any forw...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION The objective of this section is to help potential investors understand our views on our results of operations and financial condition. You should read this discussion in conjunction with the financial statements and notes to the financial statements that appear at the end of this report. Overview Our principal business is to acquire deposits from individuals and businesses in the communities surrounding our offices and to use these deposits to fund loans. We focus on providing our products and services to two segments of customers: individuals and small businesses. Income. Our primary source of pre-tax income is net interest income. Net interest income is the difference between interest income, which is the income that we earn on our loans and investments, and interest expense, which is the interest that we pay on our deposits and borrowings. Changes in levels of interest rates affect our net interest income. A secondary source of income is non-interest income, which is revenue that we receive from providing products and services. The majority of our non-interest income generally comes from service charges (mostly from service charges on deposit accounts). In some years, we recognize income from the sale of loans and securities. Our facility in Cinnaminson includes space that we will rent to other businesses. Currently, all of the rental space is vacant. Allowance for Loan Losses. The allowance for loan losses is a valuation allowance for probable losses inherent in the loan portfolio. We evaluate the need to establish allowances against losses on loans on a quarterly basis. When additional allowances are necessary, a provision for loan losses is charged to earnings. Expenses. The noninterest expenses we incur in operating our business consist of salaries and employee benefits expenses, occupancy expenses, data processing expenses and other miscel...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for DELANCO BANCORP, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for DELANCO BANCORP, INC 6-Mar-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes ...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations at and for the nine months ended December 31, 2008 and 2007 is intended to assist in understanding our financial condition and results of operations. The information contained in this section should be read in conjunction with the Unaudited Financial Statements and the notes thereto, appearing in Part I, Item 1 of this report. Forward-Looking Statements This quarterly report contains forward-looking statements that are based on assumptions and may describe our future plans, strategies and expectations. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of our loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in our market area, changes in real estate market values in our area, and changes in relevant accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, we do not undertake, and specifically disclaim any obligation, to release publicly the result of any revisions that may be made to any forwar...Click here to read the whole Article (external link)
DELANCO BANCORP, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations at and for the six months ended September 30, 2008 and 2007 is intended to assist in understanding our financial condition and results of operations. The information contained in this section should be read in conjunction with the Unaudited Financial Statements and the notes thereto, appearing in Part I, Item 1 of this report. Forward-Looking Statements This quarterly report contains forward-looking statements that are based on assumptions and may describe our future plans, strategies and expectations. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of our loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in our market area, changes in real estate market values in our area, and changes in relevant accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, we do not undertake, and specifically disclaim any obligation, to release publicly the result of any revisions that may be made to any fo...Click here to read the whole Article (external link)
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