California Community Bank Maintains Excellent Asset Quality and Achieves 26% Year-over-Year Loan...

ESCONDIDO, Calif.--(BUSINESS WIRE)--California Community Bank (OTCBB: CABK - News ) today released its unaudited second quarter 2008 financial performance results. For the second quarter of 2008, the Bank reported a net loss of $139,000, or a basic loss per share of 7 cents, versus net income of $107,000, or basic earnings per share of 5 cents, for the comparable period last year. The net loss for the first six months of the year was $126,000, or a basic loss per share of 6 cents, compared to net income of $217,000, or basic earnings per share of 10 cents, for the first six months of 2007. The Bank closed the second quarter of 2008 with an asset base of $148,265,000, an increase of $19,207,000, or 15%, from the second quarter of 2007. Total deposits were $118,536,000, up $13,227,000, or 13%, over the same period a year ago.... [read full story]