MCLEAN, Va., July 22, 2010 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that net income for the quarter ended June 30, 2010 was $1.0 million and $2.1 million for the six months ended June 30, 2010 compared to $23 thousand and $549 thousand during the second quarter and the first six months of 2009. Earnings in the second quarter and first half of 2009 were adversely impacted by other than temporary impairment ("OTTI") charges of $863 thousand before tax on several of Sonabank's trust preferred securities. There were no OTTI charges on the trust preferred securities this quarter.
Southern National Bancorp Of Virginia Inc. Reports Earnings Of $1.0 Million For The Second Quarter And $2.1 Million For The First Half Of 2010, And Announces Appointment Of New Chief Credit Officer
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.