Friendly Hills Bank announced unaudited financial results for the first quarter ended March 31, 2013. For the quarter, the company reported a loss of $47,000 or $0.03 per basic and diluted share of common stock against a profit of $75,000 or $0.05 per basic and diluted share of common stock for the same period a year ago. Interest Income was $933,00 against $1,078,000 for the same period a year ago. Net interest income was $821,000 against $948,000 for the same time a year ago. Loss before provision for income taxes was $47,000 against earrings before provision for income taxes $75,000 for the same period a year ago. Book value per share was $7.90 against $7.87 for the same period a year ago. These results were negatively impacted by the continued narrowing of interest rate margins resulting from the current economic environment.

Friendly Hills Bank reported unaudited earnings results for the year ended December 31, 2012. For the year, the company's interest income was $4.1 million compared with $4.6 million a year ago. Net interest income was $3.6 million compared with $4.0 million a year ago. Earnings before provision for income taxes was $0.15 million compared with $0.21 million a year ago. Net earnings were $0.15 million or $0.09 per basic and diluted share compared with $0.15 million or $0.09 per basic and diluted share a year ago. As on December 31, 2012, the company's book value per share was $7.95.

Friendly Hills Bank announced unaudited financial results for the nine months ended September 30, 2012. For the period, the company reported interest income of $3,143,000 against $3,536,000 a year ago. Net interest income was $2,766,000 against $3,063,000 a year ago. Earnings before provision for income taxes were $314,000 against $32,000 a year ago. Net earnings were $313,000 or $0.19 per diluted share against $6,000 or $0.00 per diluted share a year ago. Book value per share was $8.12 against $7.73 a year ago.