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CBOA Financial, Inc Reports Consolidated Earnings of $1,277,000 in 2Q 2021

Share this article Share this article TUCSON, Ariz., July 30, 2021 /PRNewswire/ CBOA Financial, Inc. (OTCMKTS:CBOF) (the Company ), parent company of Commerce Bank of Arizona (the Bank or CBAZ ), announced that consolidated after tax net income for quarter ending June 30, 2021 increased 223% to $1,277,000, from $395,000 year-over-year. Chris Webster, Bank President and Chief Executive Officer commented, The strong loan growth performance seen earlier in the year continued through the second quarter. Our highly experienced and accomplished lending team worked hard to originate significant new loan opportunities while at the same time processing another $27 million in second round Paycheck Protection Program ( PPP ) loans. However Total Loan balances were impacted as the Bank received a significant level of PPP loan forgiveness during the quarter, Webster added. He further commented, In terms of our funding costs, 39% of our Total Deposits are Non-interest bearing. As a res

Professional Holding Corp Reports Second-Quarter Results

Professional Holding Corp. Reports Second-Quarter Results ACCESSWIRE Quarterly Net Income of $6.3 Million as Assets Approach $2.6 Billion CORAL GABLES, FL / ACCESSWIRE / July 29, 2021 / Professional Holding Corp. (the Company ) (NASDAQ:PFHD), the parent company of Professional Bank (the Bank ), today reported net income of $6.3 million, or $0.47 per share, for the second quarter of 2021 compared to net income of $4.8 million, or $0.36 per share, for the first quarter of 2021, and net income of $3.1 million, or $0.22, for the second quarter of 2020. The Company had a strong quarter of asset and net income growth. said Daniel R. Sheehan, Chairman and Chief Executive Officer. These results were a product of continued scale and noninterest income improvement.

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