Shore Community Bank Announces Record Year-End Earnings -
[Cached Version]
Published on: 1/16/2003
Last Visited: 1/16/2003
TOMS RIVER, N.J., Jan. 16 /PRNewswire-FirstCall/ -- Theodore D. Bessler, President and Chief Executive Officer (CEO) of Shore Community Bank (OTC Bulletin Board: SHRC - News), announced net income for the twelve months ending December 31, 2002 was $504,154 as compared to $134,384 for December 31, 2001.Record earnings resulted in a net income per share of $.54 for December 31, 2002 compared to $.14 at December 31, 2001.
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Mr. Bessler stated, "We exceeded our goals on growing deposits and earnings in 2003."Fourth quarter net income ending December 31, 2002 resulted in a profit of $158,554 as compared to $87,751 at quarter-end December 31, 2001.Bank assets at year-end December 31, 2002 were reported at $87,061.04.
Bauer Financial, Inc., a national independent rating service, awarded the bank its superior five-star rating.
Shore Community Bank is traded on the OTCBB (Over the Counter Bulletin Board) under the symbol SHRC.