Last $8.80 USD
Change Today +0.24 / 2.80%
Volume 109.0
CDBK On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

cardinal bankshares corp (CDBK) Snapshot

Open
$8.80
Previous Close
$8.56
Day High
$8.80
Day Low
$8.80
52 Week High
07/29/13 - $13.30
52 Week Low
06/6/14 - $7.75
Market Cap
13.5M
Average Volume 10 Days
2.2K
EPS TTM
$-1.65
Shares Outstanding
1.5M
EX-Date
06/26/13
P/E TM
--
Dividend
$0.20
Dividend Yield
1.14%
Current Stock Chart for CARDINAL BANKSHARES CORP (CDBK)

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cardinal bankshares corp (CDBK) Details

Cardinal Bankshares Corporation operates as the holding company of Bank of Floyd that provides a range of commercial and retail banking services to individuals, small to medium-sized businesses, institutions, and governments in Virginia. Its deposit products include demand and time deposits, non interest bearing accounts, NOW and money market accounts, savings deposits, and time certificates. The company’s loan products portfolio comprises real estate construction and development loans; farmland loans; real estate mortgage loans comprising one–four family residential, multifamily residential, nonfarm, and nonresidential loans; agricultural loans; commercial and industrial loans; consumer loans; and other loans. The company also offers other related services, such as traveler’s checks, safe deposit boxes, depositor transfer, customer note payment, collection, notary public, escrow, drive-in and ATM facilities, and other customary banking services. As of March 31, 2012, it operated seven branch facilities in the counties of Floyd, Montgomery, Roanoke, Pulaski, and Carroll. Cardinal Bankshares Corporation was founded in 1951 and is headquartered in Floyd, Virginia.

68 Employees
Last Reported Date: 03/16/12
Founded in 1951

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cardinal bankshares corp (CDBK) Key Developments

Cardinal Bankshares Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Cardinal Bankshares Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of USD 2,390,000 against USD 2,374,000 a year ago. Net interest income was USD 1,910,000 against USD 1,789,000 a year ago. Net interest income after provision for loan losses was USD 3,492,000 against USD 971,000 a year ago. Income before income taxes was USD 982,000 against loss before income taxes of USD 362,000 a year ago. Net income was USD 983,000 against net loss of USD 173,000 a year ago. Basic and diluted earnings per share were USD 0.64 against basic and diluted loss per share of USD 0.11 a year ago. Annualized return on average assets was 1.48% against negative annualized return on average assets of 0.25% a year ago. Annualized return on average equity was 21.03% against negative annualized return on average equity of 2.50% a year ago. For the six months, the company reported total interest income of USD 4,822,000 against USD 4,701,000 a year ago. Net interest income was USD 3,849,000 against USD 3,503,000 a year ago. Net interest income after provision for loan losses was USD 5,409,000 against USD 2,385,000 a year ago. Income before income taxes was USD 1,068,000 against loss before income taxes of USD 306,000 a year ago. Net income was USD 1,070,000 against net loss of USD 43,000 a year ago. Basic and diluted earnings per share were USD 0.70 against basic and diluted loss per share of USD 0.03 a year ago. Book value per share was USD 13.32 as on June 30, 2014 against USD 16.69 as on June 30, 2013. The increase in net interest income is a resulted from an increase in interest income from new loan originations combined with lower-costs on deposits and debt.

Cardinal Bankshares Corporation Announces Consolidated Unaudited Financial Results for the First Quarter Ended March 31, 2014

Cardinal Bankshares Corporation announced consolidated unaudited financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of $1,939,000 against $1,714,000 a year ago. The increase is a result interest income from new loan originations combined with lower-costs on deposits and debt. Income before income taxes was $86,000 against $56,000 a year ago. Net income was $87,000 against $130,000 a year ago. Basic and diluted earnings per share were $0.06 against $0.08 a year ago. Book value per share as at March 31, 2014 was $12.02. Annualized return on average assets was 0.13% against 0.19% a year ago. Annualized return on average equity was 1.93% against 1.74% a year ago. The bank experienced increased net interest income, driven by additional loan income and a decrease in interest expense on deposit accounts relative to the same period in 2013.

Cardinal Bankshares Corp. Suspends Cash Dividend

The board of Cardinal Bankshares Corp. decided not to pay a current cash dividend at the end of 2013. The board believes that dividends 'should be deferred until they can be paid comfortably from current net income - after consideration of any needed loan loss provisions'.

 

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