Banking
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 […]
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 […]
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 […]
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 […]
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. […]
Truliant expands into Lake Norman; a Cornelius branch is coming soon
By Katie Piccirillo Sherman. The new 3,875 square foot Truliant branch in Huntersville is part of a 10-branch expansion that will bring 120 jobs to the Charlotte-Mecklenburg area and cost the Winston-Salem based credit union $11 million. “When the recession hit, a couple of credit unions exited the area,” Truliant Federal CEO Marc Schaefer explained. “In […]
