FORT LEE, N.J., Feb. 4, 2011 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc. (NYSE Amex:BKJ), holding company for Bank of New Jersey, reported record annual and fourth quarter net income as well as record levels for assets, loans, and deposits. For the year ended December 31, 2010, net income reached $2.2 million, or $0.41 per diluted share, compared to $1.3 million, or $0.25 per diluted share, for the year ended December 31, 2009. For the quarter ended December 31, 2010, net income reached a quarterly record level of $569 thousand, or $0.11 per diluted share, compared to $435 thousand, or $0.08 per diluted share, for the quarter ended December 31, 2009. The net income generated during the 2010 fiscal year and fourth quarter represents the highest net income ever achieved by the company during any fiscal year or any quarter, respectively. The net income generated during the fourth quarter represents the company's sixteenth consecutive quarter of profitability.
Bancorp Of New Jersey, Inc. Announces Record Levels For Earnings And Assets
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