American Perspective Bank Announces Fourth Quarter and Full Year 2011 Financial Results
SAN LUIS OBISPO, Calif., Jan. 20, 2012 /PRNewswire/ -- American Perspective Bank (OTC Bulletin Board: APBA) (the "Bank") today announced fourth quarter and year to date consolidated financial results through December 31, 2011. Net income during the fourth quarter of 2011 was $1.5 million, equivalent to $0.34 diluted earnings per share. The fourth quarter 2011 earnings benefited from the recognition of $676 thousand in tax benefits primarily associated with the reversal of the valuation allowance against the Bank's net deferred tax assets. Based upon factors including the Bank's being profitable for the past nine consecutive quarters, the valuation allowance was eliminated because it is more likely than not that the Bank will be able to u ...
Bank Mutual Corporation Reports Net Income for the Fourth Quarter of 2011
MILWAUKEE, Jan. 19, 2012 /PRNewswire/ -- Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.4 million or $0.03 per diluted share in the fourth quarter of 2011 compared to a net loss of $76.4 million in the fourth quarter of 2010. Results for the fourth quarter of 2010 included a loss on early repayment of borrowings from the Federal Home Loan Bank ("FHLB") of Chicago, as well as an elevated level of provision for loan losses. Bank Mutual Corporation ("Bank Mutual") also announced that its non-performing loans declined by $14.7 million or 16.3% during the fourth quarter of 2011 and by $47.8 million or 38.9% during the entire year.
On a full-year basis, Bank Mutual had a net loss of $47.6 million or $1.03 per diluted share ...
Guardian Analytics Releases Anomaly Detection Toolkit for Financial Institutions to Address FFIEC Expectations for Layered Security
MOUNTAIN VIEW, Calif., Jan. 10, 2012 /PRNewswire/ -- Guardian Analytics, the market leader in behavioral analytics-based fraud prevention solutions, announced today the release of its Anomaly Detection Toolkit to help financial institutions successfully address the minimum expectations for layered security outlined in the FFIEC Supplement to the Authentication in an Internet Banking Environment.
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