FORT LEE, N.J., Aug. 5, 2010 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc. (NYSE Amex:BKJ), the holding company of Bank of New Jersey, reported its strongest quarterly net income since opening in May, 2006 as well as reaching over $353 million in assets as of June 30, 2010. Net income for the second quarter of 2010 reached a record $524 thousand compared to $191 thousand for the second quarter of 2010, representing an increase of $333 thousand, or approximately 174.3%. Earnings per diluted share reached $0.10 in the second quarter of 2010 compared to $0.04 per diluted share for the same period in 2009. Net income for the first six months of 2010 exceeded $1.0 million, or $0.20 per diluted share, compared to $307 thousand, or $0.06 per share, for the first six months of 2009. The net income generated during the quarter continues the company's trend of profitability.
Bancorp Of New Jersey, Inc. Reports Continued Record Earnings And Record Assets
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