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Pacific Continental Reports Second Quarter 2006 Results
EUGENE, Ore., July 19 /PRNewswire-FirstCall/ -- Pacific Continental Corporation PCBK, the bank holding company for Pacific Continental Bank, today reported financial results for the second quarter and six months ended June 30, 2006.
Net income for the second quarter 2006 was $3.2 million, a 38.3% increase from 2005 second quarter net income of $2.3 million. Earnings per diluted share were $0.30 for the second quarter 2006 compared to $0.26 per share reported for the prior year second quarter. Return on average assets for the second quarters of 2006 and 2005 were 1.57% and 1.68%, respectively. Return on average book equity and return on average tangible equity for the second quarter were 14.44 % and 19.85%, respectively, compared to 17.55% and 17.63%, respectively, for the comparable period of 2005.
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Colorado Realtors Help Growing Number of Homeowners Avoid ...
(PRLEAP.COM) Colorado leads the nation in the number of foreclosures. Over 10,000 homes across the state are in the pre-foreclosure process, according to foreclosure.com. Mortgage defaults are expected to gain momentum as interest rates rise, energy costs increase and consumer debt ratios continue to remain the highest in history. Denver County tops the list with 2,703 pre-foreclosures, meaning homeowners are at least three months late paying their mortgage and there is a recorded notice of default against the property, announcing the lenders intention to foreclose. At this stage, according to Colorado foreclosure law, the 100 day auction countdown begins. Other areas with rising mortgage foreclosures include Westminster with 1,749, Adams County with 968, Jefferson County with 937, Colorado Springs with 935 and Greeley with 762 recorded foreclosure notices.