By Julie Steinberg
The prolonged slide in oil prices is increasingly scaring bank investors and worrying analysts, even as executives caution it is too early to tell the impact of the unexpected plunge.
Highlights - 2014 net income of $5.12 million, a 23.77% increase over 2013 earnings - EPS of $0.78 per common share - Increase in cash dividend to $0.07 per common share, the 52nd consecutive quarter of cash dividends paid to common shareholders
- Total assets grew 28.27% to $812.36 million - Major initiatives completed during 2014 included the acquisition of Savannah River Financial Corporation, completion of a purchase and assumption transaction with First South Bank, and opening of a de novo branch in downtown Columbia, South Carolina - Regulatory capital ratios of 10.02% (Tier 1 Leverage) and 16.91% (Total Capital) along with Tangible Common Equity / Tangible Assets (TCE/TA) ratio of 8.48% - Non-performing assets (NPAs) of 1.18% - Cost of total deposits of 0.26% - Diversified revenue model shows continued strength as net-interest income and net-interest margin increased during 2014.
SAN FRANCISCO, CA and MILPITAS, CA --
SUNNYVALE, CA--(Marketwired - January 21, 2015) - Fortinet ® (NASDAQ: FTNT) -- a global leader in high-performance cyber security solutions -- today announced a new class of internal firewall to help address the longstanding challenge of internal network security and the protection of critical data.
By Alan Zibel
WASHINGTON--A fraud-prevention company owned by five major U.S. banks stopped providing bank account verification services to payday lenders last year, according to people familiar with the matter, as banks exit the business of working with riskier clients.
Systems, Inc. (NASDAQ: NTCT), today announced Frost
& Sullivan , an independent research firm with over 53 years of
experience, has named NetScout as the 2015 Global Company of the Year
for Network Visibility and Intelligence.
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