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Friendly Hills Bank Reports Third Quarter Results

Nov 13, 2020 - GlobeNewswire
Financial Results

WHITTIER, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Friendly Hills Bank (the “bank”) (OTCBB: FHLB) reported results for the third quarter of 2020.

For the nine month period ending September 30, 2020, the bank reported net income of $622,000 or $0.31 per diluted share of common stock. This figure includes a $150,000 provision for loan losses. The bank reported net income of $933,000 (including a $50,000 gain on securities sold) or $0.48 per diluted share of common stock for the nine...