Folsom Lake Bank announced unaudited earnings results for the first quarter ended March 31, 2013. The bank reported its quarter of profitability with net income of $153,083 compared to $111,597 for the first quarter of 2012, an increase of 37.2%. Earnings per share for the quarter were up 42%, growing from $0.07 in 2012 to $0.10 for 2013. Revenue for the quarter was $1,085,079, down $87,533 or 7.5% from $1,172,612 in the first quarter of 2012. Net Interest Income was down $110,313 or 9.6%, however fees and service charges were up $22,780 or 105.3% compared to the first quarter of 2012. Return on average assets was 0.46% for the first quarter, on average assets of $131.9 million, compared to 0.38% in 2012, an improvement of 21.1%. Return on equity was 4.5% for the first quarter compared to 3.4% in 2012. Earnings increases were primarily due to lower interest expense, a lower provision for loan losses, higher fee income and lower non-interest expenses.

Folsom Lake Bank announced that Mr. Howard J. Dangerfield has joined the Board of Directors of Folsom Lake Bank. Mr. Dangerfield is a veteran banker with many years experience in the banking industry. He also has specific expertise in lending and bank operations.

Folsom Lake Bank announced financial results for the fourth quarter and the year ended December 31, 2012. For the quarter, the company reported profitable with earnings of $212,213. Net interest income were $1,067,571 declined $88,467 or 7.7% compared to 2011. Earnings per share were $0.13 compared to $0.16 for the same periods in 2011. Return on average equity was 6.7% on an annualized basis For the year, the company reported net income of $603,002, an increase of 22.3% compared to 2011. Earnings per share increased to $0.38 for 2012 from $0.31 in 2011. Net interest income were $4,412,730 was down $74,353, or 1.7% compared to 2011. Earnings per share were $0.38 compared to $0.31 for the same periods in 2011. Return on average assets was 0.50% for 2012 compared to 0.43% in 2011, an improvement of 16.4% for the year. Return on average equity was 4.8% on an annualized basis. Earnings increases were primarily due to lower interest expense, a lower provision for loan losses, higher fee income and lower non-interest expenses.