Wednesday July 23, 7:49 pm ET MEDFORD, Ore.--(BUSINESS WIRE)--People’s Bank of Commerce (OTCBB:PBCO - News ), southern Oregon’s only locally owned community bank, remains the highest capitalized bank in southern Oregon with capital exceeding 13.5%, despite earnings challenges caused by the real estate and housing slowdown. The slowdown caused the bank to report only $3,500 net profit for the second quarter of 2008, compared to $138,000 in 2007. Earnings per share were less than 1 cent compared to $0.17 per share in the second quarter of 2007. Earnings of $79,000 for the first six months of 2008 were down 68 percent when compared to the $250,000 earned last year. On a per share basis, earnings in 2008 were $0.09 compared to $0.29 in 2007. Mike Sickels, chairman and chief executive office, said the bank booked $116,000 of...
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