albina community bancorp (ACBC) Snapshot

Albina Community Bancorp reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income of $1,144,000 against $1,543,000 a year ago. Net interest income after provision was $930,000 against $1,068,000 a year ago. Pretax loss was $741,000 against pretax income of $150,000 a year ago. Net loss was $741,000 or $0.56 per basic and diluted share against net income of $157,000 or $0.12 per basic and diluted share a year ago. Negative return on average assets was 2.26% against return on average assets of 0.45% a year ago. For the year, the company reported total interest income of $5,330,000 against $7,002,000 a year ago. Net interest income after provision was $4,306,000 against $4,847,000 a year ago. Pretax loss was $379,000 against pretax income of $300,000 a year ago. Net loss was $379,000 or $0.29 per basic and diluted share against net income of $292,000 or $0.22 per basic and diluted share a year ago. Negative return on average assets was 0.29% against return on average assets of 0.21% a year ago. The company reported net charge offs for the fourth quarter of 2012 totaled $49,000, or 0.26% of average loans during the quarter, significantly down from $382,000, or 1.61% of average loans during the fourth quarter of last year.

Albina Community Bancorp reported net charge offs for the fourth quarter ended December 31, 2012. For the period, the company's net charge offs totaled $49,000, or 0.26% of average loans during the quarter.

Albina Community Bancorp announced that they will report Q4, 2012 results After-Market on Jan 30, 2013