Banking

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Aquesta

Aquesta announces 2017 fourth-quarter earnings

Jan. 26. Aquesta Financial Holdings, Inc., the parent company of Aquesta Bank and Aquesta Insurance Services, today announced earnings and loan growth for the fourth quarter of 2017. For the fourth quarter of 2017, Aquesta had unaudited net income of $204,000 at 6 cents per share compared to 2016 fourth quarter net income of $529,000 […]

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Tax reform means bonuses for Aquesta staff

Dec. 22. Tax reform will enable Cornelius-based Aquesta Financial Holdings to give a $1,000 bonus to all employees in January, according to CEO Jim Engel. Aquesta Financial is the parent  of Aquesta Bank and Aquesta Insurance. “Decreased tax rates will allow Aquesta Bank to continue to grow by accelerating lending to small businesses and hiring […]

Uwharrie assets rise 8 percent so far this year; board declares dividend

Nov. 27. Uwharrie Capital Corp. and its chief subsidiary, Uwharrie Bank, reported consolidated total assets of $592 million at Sept. 30, up from $548 million at the beginning of the year. Net income for the first nine months was $1.8 million, about level for the same period in 2016. For the nine months, net income […]

blueharbor reports 3Q net

Mooresville-based blueharbor bank reported net income of $281,076, or $0.09 per diluted share, for the third quarter of 2016, compared to $310,775, or $0.11 per diluted share, for the third quarter of 2015. For the nine months ended Sept. 30, the bank reported net income of $843,935, or $0.28 per diluted share, compared to $663,994, […]

blueharbor reports much higher net

July 15. Mooresville-based blueharbor bank reports second-quarter net income of $284,352, or $0.10 per diluted share, compared to $174,743, or $0.06 during the same quarter last year. For the first half, the bank reported net income of $562,859, or $0.19 per diluted share, vs. $353,220, or $0.12 per diluted share, last year. For the first […]

Net rises 56 percent at blueharbor

April 27. Mooresville-based blueharbor bank reported net income of $278,507, or $0.09 per diluted share, for the first quarter of 2016, compared to $178,476, or $0.06 per diluted share, for the first quarter of 2015. Jim Marshall, president and CEO, said the 56 percent increase was driven primarily by increased net interest income from the impact of […]

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Bank growth continues, earnings reports from Aquesta, Uwharrie

April 26. Net income at Aquesta Financial Holdings fell 26 percent during the first quarter of 2016, but the parent company of Aquesta Bank is on a growth streak, having invested in the Charlotte market during the past year. “Expansion costs must be incurred prior to revenue recognition. For example, the bank’s investment in lenders […]

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blueharbor net rose in 4th quarter; new loan office 

Feb. 15. blueharbor bank net income during the four quarter of last year was $261,213, compared to $255,232 in the same 2014 period. For the full year last year, the bank reported net income of $925,207, compared to $1.15 million in 2014. CEO Jim Marshall said resources used in the January 2015 expansion to Statesville […]

Banks report stellar growth in income, assets, deposits

Banks in the Golden Crescent are benefiting from an extraordinary economic boom in North Carolina, and their first nine months reflect exceptional growth in and around Charlotte. Harry Davis, the chief economist for the North Carolina Bankers Association, says loan growth nationwide is running about 2 percent per year. In North Carolina, it’s running at […]

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Uwharrie Bank expands into Mecklenburg

Oct. 15. Albemarle-based Uwharrie Bank plans to expand into Mecklenburg County with residential mortgage lending, commercial lending and wealth management services. Uwharrie has operations in Anson County and Stanly County, as well as  Cabarrus, where it formerly operated as Cabarrus Bank & Trust. Uhwharrie is opening Charlotte office at 141 Providence Road for its residential mortgage operations. […]

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