Mission Valley Bancorp (MVLY)
- PR Newswire
Mission Valley Bancorp Reports Third Quarter 2020 Results
Mission Valley Bancorp ("Company") (OTCQX: MVLY) announced today net income of $1.2 million, or $0.38 per diluted share, through the third quarter of 2020 compared to net income of $3.0 million, or $0.92 per diluted share, through the third quarter of 2019. The year over year variance was primarily attributable to the $1.9 million provision for loan and lease losses due to net loan charge-offs of $1.3 million and the economic impact from the COVID-19 pandemic, compared to the same period in 2019.
- PR Newswire
Mission Valley Bancorp Reports Second Quarter 2020 Results (Corrected Version)
Mission Valley Bancorp (OTCQX: MVLY) announced today net income of $1.2 million, or $0.38 per diluted share, through the second quarter of 2020 compared to net income of $1.5 million, or $0.47 per diluted share, through the second quarter of 2019. The year over year variance was primarily attributable to the $837 thousand increase in provision for loan and lease losses due to the impact of COVID-19 compared to the same period in 2019, partially offset by the $262 thousand increase in non-interest income, and $143 thousand decrease in non-interest expense compared to the same period in 2019.
