CCB Bankshares Inc. announces strong loan growth
Published 4:02 pm Tuesday, August 30, 2016
CCB Bankshares Inc. recently announced its unaudited results of operations for the second quarter of 2016.
Net income to common shareholders for the second quarter of 2016 was $100,185, compared to net income to common shareholders of $175,011 after preferred stock dividends of $9,333 for the second quarter of 2015, according to a release from CCB.
On a basic and diluted basis, this was equivalent to seven cents per share compared to 12 cents per share for the second quarter of 2015.
“In comparing the second quarter of 2016 to the same quarter in 2015, net interest income increased by $163 thousand or 11 percent. The net interest margin for the second quarter of 2016 was 3.68 percent, flat to the margin for the second quarter of 2015,” the release stated.
According to CCB, at June 30, total assets were $191.5 million, up $11.3 million or 6.3 percent from Dec. 31.
“Gross loans were $162 million, an increase of $11 million or 7.3 percent from Dec. 31, and 16.8 percent higher than the second quarter of 2015.”