PSBK Premier Service Bank featured news, full reports, and detailed charts
Premier Service Bank (PSBK/PSBK.OB) Wrap Up:
Premier Service Bank, a California state-chartered bank, offers a range of banking products and services to individuals and small businesses in California. It provides checking services, including consumer checking accounts and business checking accounts; various investment services, including Premier basic savings account, time certificates of deposit, and retirement plans; a range of loan services, which include revolving and non revolving lines of credit, business installment loans, commercial real estate loans, commercial construction and conversion loans, and Small Business Administration loans; and online banking services. Premier Service Bank is headquartered in Riverside, California.Premier Service Bank (PSBK:OTC Bulletin Board Market)
Snapshot of Premier Service Bank (PSBK)
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OPEN
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PREVIOUS CLOSE
$4.50
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/15/08 - $7.30
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52 WEEK LOW
10/20/09 - $3.20
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MARKET CAP
5.4M
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AVERAGE VOLUME 3 mo
415.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.2M
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PSBK Does Not Pay Dividends
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P/E TTM
NM
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PSBK Top Compensated Officers
Executives, Board Directors
Key developments for Premier Service Bank (PSBK)
Premier Service Bank reported unaudited earnings results for third quarter ended September 30, 2009. For the quarter, the company reported net income of $100,000 or $0.07 per diluted share on interest income of $2,305,000 compared to net loss of $33,000 or $0.03 loss per diluted share on interest income of $2,451,000 for the same period a year ago. Income before income taxes of $147,000 compared to loss before income taxes of $85,000 for the same period a year ago. The improvement in earnings between the respective periods is primarily due to the decreased provisions to the bank's allowance for loan losses, which for the third quarter of 2009 totaled $255,000 compared to $470,000 for the same period in 2008.
Premier Service Bank announced the resignation of Angela L. Rivers as its Executive Vice President and Chief Credit Officer, effective October 9, 2009. Ms. Rivers has accepted a position at another bank in Orange County, California. Ms. Rivers had served as the Executive Vice President and Chief Credit Officer of the Bank since July 2002. Until a replacement is hired, Kerry Pendergast will serve as the Bank's acting Chief Credit Officer.
Premier Service Bank reported unaudited earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported net loss of $282,000 or $0.23 per diluted share on net interest income of $1,698,000 compared to net income of $9,000 or $0.01 per diluted share on net interest income of $1,689,000 in the same period of previous year. Loss before income taxes was $304,000 against $12,000 in the same period of previous year. Book value per share at June 30, 2009 was $10.26 against $10.53 at June 30, 2008. The decline in earnings between the respective periods is primarily due to three factors: the increased provisions to the bank's allowance for loan losses; the increase in FDIC insurance premiums and assessments in 2009 compared to 2008; and the increase in expenses associated with managing nonperforming loans, foreclosed real estate and other foreclosed assets.
PSBK Competitors
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Industry Analysis
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PSBK transactions
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| No transactions in the last 6 months. | ||
More Recent News About Premier Service Bank
More news for PSBK
Premier Service Bank Announces Resignation of Chief Credit Officer
RIVERSIDE, Calif.--(BUSINESS WIRE)--Premier Service Bank, Riverside, California (OTCBB:PSBK - News) today announced the resignation of Angela L. Rivers as its Executive Vice President and Chief Credit Officer, effective October 9, 2009. Ms. Rivers has accepted a position at another bank in Orange County, California. Ms. Rivers had served as the Executive Vice President and Chief Credit Officer of the Bank since July 2002. She assisted in the organization of the Bank and was one of the original employees of the Bank when it opened in September 2001.No replacement has been hired to date to replace Ms. Rivers. Until such a replacement is hired, Mr. Pendergast will serve as the Bank’s acting Chief Credit Officer.President and Chief Executive Officer Kerry Pendergast stated, “We will miss Angela’s many contributions to the Bank and wish her well in her new position in Orange County. We will now begin the process of finding her replacement, and hope to have that accomplished over the next few weeks. In the meantime, our loan officers will continue to provide the same high level of service which our customers expect and deserve.â€Premier Service Bank is a California state-chartered bank with two offices, its headquarters office in Riverside and a full-service banking office in Corona. The Bank provides commercial banking services, including a wide variety of checking accounts, i...Click here to read the whole Article (external link)