First National Bank of Northern California Reports Second Quarter 2008 Earnings of $0.37 per...

SOUTH SAN FRANCISCO, CA--(Marketwire - July 25, 2008) - FNB Bancorp , parent company of First National Bank of Northern California, today announced operating earnings for the second quarter of 2008 of $1,090,000 or $0.37 per diluted share, compared to $1,727,000 or $0.57 per diluted share for the second quarter of 2007. Total consolidated assets as of June 30, 2008 were $659,150,000 compared to $619,439,000 as of June 30, 2007. "Our second quarter, 2008, financial results reflect the continued strength of our core earning assets and our commitment to maintain the allowance for loan losses at a prudent level," stated Tom McGraw, Chief Executive Officer. During the second quarter of 2008, management recorded a provision for loan losses of $300,000 compared to $180,000 for the same period in 2007. For all of 2008, the provision... [read full story]