I’m pleased to present you with our most recent press release on Premier Business Bank’s unaudited financial results as of December 31, 2011 reflecting two consecutive years of positive earnings. Additionally, the Bank reported positive earnings for the three-month period ended December 31, 2011, for a record-breaking seven consecutive quarters of profitability.
Our asset quality remains strong with no real estate owned (REO) or delinquent or nonperforming loans in the portfolio. In 2011, the Bank experienced growth in both loan assets and deposits, and our capital ratios continued to exceed the applicable regulatory capital requirement to be considered “well-capitalized”.
I’m very proud to report that we have assembled an experienced and cohesive executive management team that has implemented efficient processes and delivered profits for the first time in the Bank’s history. As we move forward in 2012, our goal is to seek out constructive opportunities to advance the Bank to the next level through expansion in target markets,
generation of consistent earnings, and further development of loyal client relationships to enhance franchise value of Premier Business Bank.
The Board of Directors and Management want to thank you for your continued support and loyalty to Premier Business Bank. Please feel free to contact me directly should you have any questions about the Bank.
John R. Polen
Chief Executive Officer