FORT LEE, N.J., Nov. 2, 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 $359.9 million in assets as of September 30, 2010. Net income for the third quarter of 2010 reached a record $544 thousand compared to $515 thousand for the third quarter of 2009, representing an increase of $29 thousand, or approximately 5.6%. Earnings per diluted share were $0.10 for the third quarter of 2010 and 2009, respectively. Net income for the first nine months of 2010 exceeded $1.5 million, or $0.30 per diluted share, compared to $822 thousand, or $0.16 per diluted share, for the first nine months of 2009. The net income generated during the quarter represents the company's fifteenth consecutive quarter of profitability.
Bancorp Of New Jersey, Inc. Reports Continued Record Earnings And Record Assets
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