Premier Valley Bank 1st-half earnings on a record pace

The Fresno BeeJuly 17, 2014 

Premier Valley Bank reported that its earnings for the first half of 2014 are on a record pace, posting net earnings of $3.6 million, of 28 cents per share. That compares to $2.9 million, or 23 cents per share, in the first half of last year for the Fresno-based bank.

For the second quarter, the bank's profit was $1.8 million or 14 cents per share, up from $1.5 million or 12 cents per share in the second quarter of 2013.

Between mid-2013 and mid-2014, the bank's assets grew by $41 million, to $594 million. Loans outstanding rose by $11 million to a total of $354 million.

Shares in Premier Valley Bank (OTC boards: PVLY) closed Thursday at $5.95 per share, down 3 cents or 0.5% from Wednesday's close.

The reporter can be reached at (559) 441-6319, tsheehan@fresnobee.com or @tsheehan on Twitter.

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