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Orange County Business Bank Slips To Loss In Q2 - Quick Facts

August 19, 2010, Thursday, 10:41 GMT | 05:41 EST | 15:11 IST | 17:41 SGT

(RTTNews) - Orange County Business Bank, NA (OCBB.OB) reported net loss for the second quarter of $281 thousand or $0.06 per basic share, versus net income of $34 thousand or $0.01 per basic share in the year-ago quarter.

Net interest income for the quarter decreased to $1.7 million from $2.2 million in the prior-year quarter. Non interest income for the quarter declined to $112 thousand from $499 thousand in the same quarter last year.