TOP 100 LOAN SITES
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| Short-sellers move on financials as bets pay off (at FT.com) Investor fears about the health of the US financial sector spread on Wednesday as shares in Washington Mutual lost about a quarter of their value by midday because of rampant short-selling by hedge funds and other investors. us.rd.yahoo.com |
Broadway Financial Corporation Announces Fourth Quarter Dividend (Business Wire) LOS ANGELES----Broadway Financial Corporation , the holding company of Broadway Federal Bank, f.s.b. , today announced that its Board of Directors has approved the payment of the Company’s cash dividend for the fourth quarter. us.rd.yahoo.com |
Taxes shouldn't sway refinance decision Taxes shouldn't be the tail wagging the dog when weighing mortgage refinance options. ep.bankrate.com |
2 of Clifton Savings board members re-elected (AP) Clifton Savings Bancorp Inc. said Friday John H. Peto and Joseph C. Smith have been re-elected to the board to serve three-year terms that will expire in 2012. us.rd.yahoo.com |
Indiana Community Bancorp Announces 2009 Results (PR Newswire) Indiana Community Bancorp , the holding company of Indiana Bank and Trust Company of Columbus, Indiana , today announced a net loss for 2009 of $5.8 million or $ diluted loss per common share compared to net income of $5.0 million or $1.47 diluted earnings per common share for 2008. Â During the fourth quarter of 2009, the Company had a net loss of $1.4 million or $ diluted loss per common share compared to net income of $1.5 million or $0.43 diluted earnings per common share during the fourth quarter of 2008. Â The fourth quarter was negatively impacted by prepayment fees on FHLB advances which totaled $3.8 million. Â This expense was partially offset by security gains of approximately $2.0 million. Â Management estimates that as a result of the FHLB advance prepayment, the Company's net interest income will improve by approximately $2.0 million annually beginning in 2010 as compared to the annualized results from the fourth quarter of 2009. Â This projected increase in net interest income is expected to result in a net interest margin of approximately 3.25% which would represent an increase of 38 basis points over the net interest margin in the fourth quarter of 2009. Â Excluding the impact of the FHLB advance prepayment and the securities sale gains, the Company's net loss would have been reduced to approximately $364,000 or $ diluted loss per common share for the fourth quarter. Â The major factor which negatively impacted the results for 2009 was the significant increase in the provision for loan losses. Â The Company increased the balance in the allowance for loan losses throughout 2009 due to the challenging economic cycle. Â Net charge offs for 2009 totaled $11.7 million compared to $2.7 million in 2008 and the provision expense for 2009 totaled $16.2 million compared to $4.3 million in 2008. Â The provision for loan losses totaled $3.4 million for the fourth quarter which exceeded net charge offs for the quarter by $943,000. Â Retail deposit growth remained strong for 2009... us.rd.yahoo.com |