Premier Commercial Bancorp (PCBP.OB) Reports Earnings for Second Quarter and Year-to-Date
Premier Commercial Bancorp, parent company of Premier Commercial Bank, N.A., reported a sizable increase in consolidated earnings for the second quarter of this year. Earnings totaled $206,000, compared to $113,000 for the same period last year. For the six months ended June 30, 2009 earnings totaled $411,000 compared to $485,000 for the same period last year and $352,000 for 2007. Premier Commercial Bank Chairman and CEO Kenneth J. Cosgrove commented, “The financial results for the second quarter of 2009 are reflective of the continued challenges of the financial environment. At PCB, we have responded cautiously through prudent loan loss allocations…