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Coast Bancorp Message Board

  • pouchdepotinc pouchdepotinc Jul 25, 2012 10:29 AM Flag

    Financials

    Here is a link to the first quarter financials.Looks like a small loss.

    https://www.coastnationalbank.com/new/pdf/033112%20Public%20Call%20Report.pdf

    Long read 77 pages, but if you own her, you should read it!

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    • They reported a loss 1st quarter but that was all sustained in the January and February. CTBP actually returned to profitability for the months of March and April as reported in the shareholder newsletter....

      Profitability and Earnings
      The first quarter will reflect losses for the period during our adjustment process; however, the Bank
      achieved profitability for both the months of March and April of 2012.  Management and the Board will
      continue to strive to meet the budget and strategic goals which reflect a return to profitability in 2012
      on a month to month basis and for the year, if all goals are accomplished

      In a recent email to Anita (CEO) I had asked when the CALL report would be ready, expecting to see that she continued her reforming of the bank and continued to be profitable...

      Our quarterly report of CALL will not be complete until the end of this month and available on the FFIEC web site. That will provide public information as to the YTD and quarterly financial status of Coast National Bank.

      I do expect that we will send a 6 month statement of earnings along with your Annual Report for 2011 in the proxy materials you will receive in preparation for the annual meeting. I expect that will be in September.

      Please feel free to call me if I might be of further assistance. I think you will find that we are making very positive progress!
      ...............................................

      This 2nd quarter call report will be out in about a week. I have personally been picking up some cheap shares as I am anticipating a good profitable report.

 
CTBP
2.000.00(0.00%)Apr 8 12:32 PMEDT

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