Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
New Chairman and Three Directors Join Bank’s Board – Assets and
Deposits Grow
SAN RAMON, California
Tri-Valley Bank (OTCBB:TRVB) today announced earnings for the first
quarter of 2011. Financial performance highlights for the first three
months of the year ending March 31, 2011, include the following:
- Assets grew during the first quarter to $71.7 million, up from $70.3
million at year-end 2010 and down from $89.2 million at the end of
first quarter in 2010. - Deposits grew to $57.7 million, up from $55.4 million at year-end and
down from $76.2 million at the end of first quarter 2010. - Loans, net of allowance for loan losses, decreased to $53.2 million
from $54.7 million at year-end 2010 and from $67.0 million at the end
of first quarter 2010. - There was a net loss for the first quarter of $324,000 better than the
net loss of $344,000 for the first quarter of 2010 and from the fourth
quarter 2010 net loss of $1.3 million. - Compared to the fourth quarter of 2010, there was an improvement in
net interest income of $12,000 and in operating expenses of $183, 000
along with a reduction in the loan loss provision of $777,000. - The Tier 1 leverage ratio decreased slightly to 6.59% on March 31,
2011 from 6.67% on December 31, 2010.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.
Article source: http://insurancenewsnet.com/article.aspx?id=260964&type=newswires