FOLSOM Calif., Oct. 19, 2012 (GLOBE NEWSWIRE) -- Folsom Lake Bank (OTCBB:FOLB), announced unaudited financial results for the third quarter and nine month period ending September 30, 2012. The Bank reported net income of $390,791, an increase of 61.9% compared to earnings of $241,421 for the first nine months of 2011. The Bank reported its eleventh consecutive profitable quarter with net income of $117,410 compared to $157,228 for the third quarter of 2011. The Bank also had a strong increase in deposits, up over 10% compared to the prior year. "We are pleased with our third quarter performance, with both assets and deposits at new record levels, and a continued string of profitable quarters," said Robert J. Flautt, President and Chief Executive Officer.
Folsom Lake Bank Reports Solid Growth And Higher Earnings
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