First Commerce Bancorp (OTC:FCCC) has announced the release of its unaudited fourth quarter and full year results for the year ended December 31, 2009. The company’s consolidated net income for the quarter was $237,000, or $0.03 per diluted share. The company recorded a net loss of ($2,970,000), or ($0.32) per diluted common share during the year ago period.
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The full year consolidated net income was $849,000, or $0.09 per diluted common share. The previous year’s net loss was ($1,241,000) or ($0.13). Total assets for the year were $340,473,000, 14% or $41,881,000 more than the previous year. The company’s net loans and deposits also increased to $248,889,000 and $303,162,000 respectively for the year ended December 31, 2009.
First Commerce Bank is an independent community bank with its corporate headquarters and main office in Encino, California, and maintains a regional office in Los Angeles, California. The Bancorp’s stock trades on the Over the Counter Bulletin Board (OTCBB) under the symbol FCCC. For more information on us, visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fcb.la&esheet=6142163&lan=en_US&anchor=www.fcb.la&index=1&md5=64ea87132845a319dffc4b0dfe1c8587
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