ProAmerica Q2 Profit Rises - Quick Facts

(RTTNews) - ProAmérica Bank (PMRA.OB) posted second quarter net income of $207 thousand or $0.07 per share, compared to $183 thousand or $0.06 per share in the prior year.

Net interest income for the latest second quarter increased by 7.1% to $1.78 million from $1.66 million in the comparable quarter last year, while total non-interest income decreased 49% to $85 thousand in the second quarter of 2015 from $167 thousand in the previous year due to decreased gains on the sales of SBA loans.

No Provisions for Loan Losses were required in the three month periods ended June 30 in 2015 and 2014 which reflects the quality of the Bank's loan portfolio.

ProAmérica Bank announced the appointment of Lloyd Moromisato as Interim Chief Financial Officer or CFO, following the departure of Chief Financial Officer Frank Smith to pursue another career opportunity.

Moromisato has been with the bank since December 2007, most recently serving as Senior Vice President and Controller.