| PSB NEWS OF INTEREST |
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Previous Quarterly Earnings |
Press Releases |
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| Pacific State Bancorp Reports Fourth Quarter Financial Results |
February 19, 2009 - Rick D. Simas, President of Pacific State Bank, the wholly owned subsidiary of Pacific State Bancorp (the “Company”) (NASDAQ Global Market/PSBC), today reported an after tax net loss of $5,654,000 for the fourth quarter of 2008 and an after tax net loss $5,190,000 for the year ended December 31, 2008 for the Stockton, California based bank holding company. The fourth quarter net loss of $5,654,000 reflects a provision for loan losses of $5,591,000, a loss on the sale of securities of $1,291,000 and an other than temporary impairment charge of $2,425,000 on a single issue trust preferred security held by the Company. These pretax losses were offset by a $3,901,000 tax benefit related to these charges. The increased level of provision for loan losses is the result of the continuing deteriorating real estate values and economic environment in the region where the Company operates requiring additional funding to the allowance for loan losses. Full Story |
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| Pacific State Bancorp announces Record First Quarter Earnings |
| April 20, 2006; Steven A. Rosso, President and CEO of Pacific State Bancorp, (NASDAQ/PSBC), the parent company of Pacific State Bank, announced record earnings for the first quarter of 2006. The Company reported record first quarter 2006 earnings of $1,207,000, an increase of $259,000 or 27.3% over the first quarter ending March 31, 2005. Total assets as of March 31, 2006 were $317,644,000, an increase of $45,818,000 or 16.9% over the period ending March 31, 2005. Net loans as of March 31, 2006 were $253,809,000 an increase of $56,992,000 or 29.0% compared to the period ending March 31, 2005. Total deposits as of March 31, 2006 were $265,563,000 an increase of $25,129,000 or 10.5% compared to March 31, 2005. Full Story |
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| Pacific State Bank Reports Record Annual Profits for the ninth consecutive year. 2005 Net income up 35.2% |
| Steven A. Rosso, President and CEO of Pacific State Bancorp, (NASDAQ/PSBC), the parent company of Pacific State Bank, announced record annual earnings for the 9 th consecutive year. The Company also reported double digit growth in assets for the 4 th consecutive year. PSBC has experienced a five year growth rate in earnings of 314%% representing an average annual growth rate of 36% over that period. Assets have also seen strong growth over the same period with a cumulative growth of 172% since 12/31/01. This represents an average annual growth rate during the period of 23%. This combined growth in assets and earnings has provided the foundation for PSBC’s continued exceptional financial performance in 2005. Full Story |
| Pacific State Bancorp Reports Record Profit and Assets Growth |
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Steven A. Rosso, President and C.E.O. of Pacific State Bancorp (NASDAQ/PSBC), reported record profits for the Stockton, California based financial institution. PSBC reported 3 rd quarter net income of $1,198,000 and year-to-date net income of $3,203,000 for the period ending September 30, 2005. PSBC reported Total Assets as of September 30, 2005 of $293,650,000.
Rosso noted that the financial performance increases reflected strong annual and quarter over quarter improvement. Full Story
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| Pacific State Bank Achieves Record Assets |
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September 7, 2005) Steven A. Rosso, President & Chief Executive Officer of Pacific State Bank today announced that Pacific State Bank achieved record assets of over $300 million.
Mr. Rosso was quoted as saying, “Pacific State Bank has hit an all time high in Total Assets. This is due to the hard work and dedication of the Board of Directors, Senior Management, and staff at all levels of the Bank”. Pacific State Bancorp, the parent company of Pacific State Bank, began trading on Nasdaq July 12, 2005. Full Story
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| Pacific State Bancorp Announces Record Second Quarter and Mid Year Earnings for 2005 |
July 21, 2005 – Steven A. Rosso, President and C.E.O. of Pacific State Bancorp (PSBC) of Stockton, California, the parent company of Pacific State Bank, announced record earnings of $1,057,000 for the 2 nd quarter of 2005 marking the first million plus quarter in the history of the Company. This represents an increase of $281,000, or 36.1%, over the net income for the 2 nd quarter of 2004. The results of the 2 nd quarter earnings combined with the previous record 1 st quarter earnings of $948,000 resulted in record year to date net income of $2,005,000. The mid-year net income represents an increase of $571,000, or 39.8% over the six month period ended 06/30/04. Full Story |
| Pacific State Bancorp Announces Record First Quarter Earnings for 2005 |
| (April 22, 2005) Steven A. Rosso, President and Chief Executive Officer of Pacific State Bancorp (PSBC.OB) of Stockton California, the parent company of Pacific State Bank announced record earnings for the first quarter of 2005. Pacific State Bancorp reported net income of $948,000, an increase of 44% over the $658,000 reported in the first quarter of 2004. The Company experienced good growth in total assets closing the first quarter at $271,900,000 in total assets up $17,500,000 or 7% from the $254,400,000 at December 31, 2004.Full Story |
| Pacific State Bancorp 2004 Annual Earnings |
| (March 4, 2005) - Pacific State Bancorp, the parent company of Pacific State Bank, announced increased earnings for the fifth consecutive year ended December 31, 2004. Net income for 2004 was $3,169,000 or $0.84 per diluted share, compared to $2,053,000 or $0.59 per diluted share in 2003, an increase of 54.36%.Full Story |
| Pacific State Bank Announces Fourth Quarter Earnings for 2004 |
| Steven A. Rosso, President and Chief Executive Officer, today announced Pacific State Bancorp’s (the “Company”) fourth quarter 2004 earnings and performance ratios. Full Story |
| Pacific State Bancorp announces first quarter 2004 annual earnings |
| (April 16, 2004) Steven A. Rosso, President and Chief Executive Officer of the Stockton headquartered Pacific State Bancorp announced first quarter 2004 earnings of $658,000, an increase of $252,000 or 62.07% over the same period in 2003. Full Story |
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| Pacific State Bancorp Announces Fourth Quarter 2003 and 2003 Annual Earnings |
| (January 22, 2004) Pacific State Bancorp, the parent company of Pacific State Bank, announced record earnings for the fourth quarter of 2003 and for the fifth consecutive year on earnings for December 31, 2003. Net Income for 2003 was $2,052,689 or $1.18 diluted per share, compared to $1,162,620 or $0.69 diluted per share in 2002, an increase of 76.56%. Full Story |
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| Pacific State Bancorp 2003 Third Quarter Earning and Performance Release |
| (October 17, 2003) President and C.E.O. Steven A. Rosso announced third quarter earnings for Pacific State Bancorp, the Stockton-headquartered financial institution and parent company of Pacific State Bank. As of September 30, 2003 the company reported net income for the quarter of $5030,093, or a 204% increase in earnings over the same period in 2002. Full Story |
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| Second-Quarter Earnings for Stockton, California Based Bank |
| (July 21, 2003) Pacific State Bancorp, the parent of Pacific State Bank, announced its second quarter earnings today. Pacific State Bancorp continued its positive trend for 2003 by reporting net income of $476,004 for the second quarter, or $.57 per basic share. Full Story |
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| First-Quarter Earnings Soar for Stockton, California Based Bank |
| (April 26, 2003) Pacific State Bancorp of Stockton reported first-quarter earnings soared this year to a record $405,974, or 49 cents per share, in the three months ended March 31. Full Story |
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| Pacific State Bancorp Has Best First Quarter in History |
| Steven A. Rosso, President and Chief Executive Officer of Pacific State Bancorp, announced that the Company has reported strong first quarter earnings. Pacific State Bank, the Holding Company’s subsidiary, was responsible for the improving profile and growth in assets. Full Story |
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| Pacific State Bancorp Announces Record Earnings |
| Pacific State Bancorp, the parent company of Pacific State Bank, today announced record earnings for the year ended December 31, 2002 . Full Story |
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| Pacific State Bank Announces Third Quarter Earnings |
| (October 21, 2002) Pacific State Bancorp, parent company of Pacific State Bank, today announced earnings for the quarter ended September 30, 2002. Full Story |
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| Pacific State Bancorp Announces Second Quarter Earnings |
| (July 31, 2002) Pacific State Bancorp, parent company of Pacific State Bank, today announced consolidated earnings for the quarter ended June 30, 2002. Full Story |
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| Pacific State Bancorp Announces First Quarter Earnings |
| (March 31, 2002) President and C.E.O. Steven A. Rosso announced third quarter earnings for Pacific State Bancorp, the Stockton-headquartered financial institution and parent company of Pacific State Bank. As of September 30, 2003 the company reported net income for the quarter of $5030,093, or a 204% increase in earnings over the same period in 2002. Full Story |
