Server: Netscape-Enterprise/3.0F Date: Thu, 18 Dec 1997 12:45:12 GMT Content-type: text/html Last-modified: Wed, 08 Oct 1997 19:34:02 GMT Content-length: 12234 Accept-ranges: bytes Connection: close
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Foothill Independent Bancorp, with it principal operating subsidiary, Foothill Independent Bank, was established in 1973, and is headquartered at 510 S. Grand Avenue, Glendora, California. Stock listing: NASDAQ, symbol: FOOT. Focused commitment to long term banking relationships has proven to be our successful marketing niche. We believe relationship banking, in the manner we provide it, is a niche which will only increase as others continue to decrease efforts in this area. Our customers have the choice of banking with a professional, friendly teller or the 24 hour convenience of automation. Foothill's customer recognizes that the, "...customer is our primary reason for being," and seeks just that. Our commitment to you, our customer; competitive products delivered with incomparable service. Foothill Independent Bank is insured by the Federal Deposit Insurance Corporation Bank Insurance Fund.
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Consolidated Statements of Condition
June 30, 1997 and 1996
(Unaudited)
Dollars in Thousands | ||
ASSETS | 1997 | 1996 |
Cash and Due from Banks | $ 39,706 | $ 38,865 |
Investment Securities | 61,370 | 53,332 |
Federal Funds Sold | 19,600 | 14,690 |
Loans and Leases, Net | 277,508 | 263,806 |
Bank Premises and Equipment | 8,041 | 7,487 |
Interest Receivable and Other Assets | 14,677 | 13,256 |
$420,902 | $391,436 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Deposits | ||
$120,135 | 104,758 | |
258,547 | 251,105 | |
378,682 | 355,863 | |
Accrued Expenses and Other Liabilities | 3,247 | 2,754 |
381,929 | 358,617 | |
Shareholders' Equity | ||
22,667 | 15,065 | |
16,306 | 17,754 | |
38,973 | 32,819 | |
Total Liabilities and Shareholders' Equity | $420,902 | $391,436 |
Dollars in Thousands | ||
1997 | 1996 | |
Total Income | $19,918 | $ 19,825 |
Total Expenses | 16,490 | 16,948 |
Earnings Before Income Tax | 3,428 | 2,877 |
Provision for Income Taxes | 1,277 | 1,101 |
Net Earnings | 2,151 | 1,776 |
Earnings Per Common Share | $ 0.43* | $ 0.37* |
PRESS RELEASE (Briefs)
Thursday, July 17, 1997 The Company today reported results for the period ended June 30, 1997 that again reflect continued overall growth in loans, deposits, and assets and consistently strong earnings. Net earnings increased 21% to $2,151,000 or $0.43 per share for the six-month period ended June 30, 1997 compared to the same six-month period of 1996. Net loans increased 5% to $277,508,000 and total deposits increased 6% to $378,682,000 as compared to the six-month period ended June 30, 1996. George E. Langley, President & CEO stated, "We consistently report increases in earnings. Profitable community banks, such as Foothill that focus on customer service, have greater growth potential in today's 'self-service' banking landscape. Our customer service niche provides unlimited opportunities for long term growth as we strive to build value for our stakeholders."
PRESS RELEASE (Briefs)
Wednesday, April 16, 1997 Foothill Independent Bank continues to break earnings records quarter over quarter, year over year. Net earnings increased 37% to $1,133,000 and earnings per share increased 35% to $.23 per share compared to March 31, 1996. The Company's stock continues to climb and averaged $12.50 per share during the first quarter. George E. Langley, President & CEO of the company, stated, "The efforts of Team Foothill, to exceed expectations, are clearly reflected in these results. A large segment of the market seeks our type of banking, relationship over "transaction". Our commitment to customer service, delivered at a higher level, is an integral part of our strategic plan."
PRESS RELEASE (Briefs)
Monday, April 14, 1997 The Board of Directors declared a 10% stock dividend payable June 20, 1997 to shareholders of record June 6, 1997. George E. Langley, President & CEO, stated, "We had an exceptional year in 1996 particularly with respect to earnings. This 10% stock dividend reflects our strong commitment to build long term shareholder value."
PRESS RELEASE (Briefs)
Friday, March 21, 1997 The Los Angeles District Office of the U. S. Small Business Administration awarded Foothill Independent Bank the "504 Achievement" Award for its continued efforts in the promotion and education of the financing product throughout the county of Los Angeles and surrounding vicinities. Chief Credit Officer, Tom Kramer, commented, "We are pleased the Small Business Administration recognizes our efforts in assisting customers with SBA lending products."
PRESS RELEASE (Briefs)
Thursday, March 20, 1997 The Bank is the recipient of the "A Business Advancing the Status of Women" award from the Montclair/Inland Valley Soroptomist Organization. Foothill was recognized for promoting programs that enhanced professional growth of women such as special loan programs for women-owned businesses through the Small Business Administration's Women's Pre Qualification Loan Program. For more information regarding Foothill Independent Bancorp, please sign our Guest Book. Upon request, detailed information will be sent to you. |
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| Foothill Independent Bancorp
| Deposits
| Loans
| FYI | Human Resources
| Guestbook |
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Send mail
to info@foothillindbank.com with
questions or comments. |
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