- Total assets of $104.9 million at March 31, 2011, an 8.0 percent decrease over $114.0 million at December 31, 2010.
- Net loans of $89.9 million at March 31, 2011, a decrease of 6.8 percent from December 31, 2010 total of $96.5 million.
- Non-performing assets remained unchanged at $1.9 million at March 31, 2011 and at December 31, 2010.
- Allowance for loan loss increased to 3.8 percent of gross loans at March 31, 2011, and up from 2.2 percent of gross loans at December 31, 2010.
- Total deposits at March 31, 2011 were $80.2 million, a decrease of 6.7 percent over $86.0 million at December 31, 2010.
- First-quarter 2011 operating revenue increased 1.2 percent to $1,628,000 from $1,608,000 for the same period in 2010.
- Operating net loss of $1,194,000 for the first-quarter of 2011 or $0.41 per basic share compared to a net loss of $575,000 or $0.20 per basic share for the same period in 2010.
Americas United Bank Reports $104.9 Million In Assets At March 31, 2011
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