Credit Cards

Small businesses are becoming popular targets to a form of malware known as ransomware. Read more to stay safe.

Login Access

Online Banking (or SSO) ID

Puget Sound Bank Earnings Increase 53% in 2012

You are here now : Puget Sound Bank > News > News > Puget Sound Bank Earnings Increase 53% in 2012

January 16, 2013 — Puget Sound Bank (OTCBB: PUGB), today reported that net income for the year increased 53% to $1,932,612 or $.78 per share compared to income of $1,263,963 and $.40 per share for 2011. Net income for 4Q was $359,516 or $.14 per share.

“Puget Sound Bank’s performance was outstanding in 2012,” said Jim Mitchell, President and Chief Executive Officer. “The bank’s earnings grew by 53%, loan and deposit growth continues to be among the highest in the State and nonperforming assets improved to 0.85% of assets.” Read the complete earnings release.

tags: , ,

January 16th 2013 |