- Net income for the third quarter of 2012 was $541,000 or $0.19 per basic and diluted common share as compared to $233,000, or $0.08 per basic and diluted share for the third quarter of 2011.
- Total revenue for the third quarter of 2012 was $1,116,000, as compared to $1,405,000, for the third quarter of 2011.
- Nonperforming loans declined to $433,000 or 0.40% of total loans at September 30, 2012, from $1,384,000, or 1.89% of total loans at year-end 2011, and $2,413,000, or 2.37% of total loans at September 30, 2011.
- Total allowance for loan losses, including the allowance for undisbursed loan commitments, as a percentage of total loans was 3.51% at September 30, 2012, compared to 3.58% at December 31, 2011, and 3.71% at September 30, 2011.
- Total loans outstanding at September 30, 2012 decreased to $63.3 million from $73.1 million at December 31, 2011, and from $77.9 million at September 30, 2011.
- Total deposits at September 30, 2012 increased to $81.1 million from $74.3 million at December 31, 2011, and up from $76.6 million at September 30, 2011.
- Return on Assets for the third quarter of 2012 was 2.03% and the Return on Equity was 11.79% for the same period. Year-to-date Return on Assets was 1.01% and Return on Equity was 5.91%.
- Total risk-based capital ratio was 30.0%, Tier 1 risk-based capital ratio was 28.7%, and Tier 1 leverage ratio was 17.6% at September 30, 2012.
Americas United Bank Earns $541,000 In Third Quarter
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