OHBK Stock - Old Harbor Bank
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Financial Statements
| Metric | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 |
|---|---|---|---|---|---|
| Revenue | $14.35M | $10.01M | $6.07M | $2.60M | $257,000 |
| Gross Profit | $5.18M | $4.45M | $3.19M | $1.20M | $-7,000 |
| Gross Margin | 36.1% | 44.5% | 52.5% | 46.1% | -2.7% |
| Operating Income | $227,000 | $-179,000 | N/A | $-376,000 | $-580,000 |
| Net Income | $121,000 | $-127,000 | $10,000 | $-236,000 | $-362,000 |
| Net Margin | 0.8% | -1.3% | 0.2% | -9.1% | -140.9% |
| EPS | $0.06 | $-0.09 | $0.01 | $-0.17 | $-0.47 |
As of October 22, 2011, Old Harbor Bank was acquired by 1st United Bank. Old Harbor Bank offers commercial banking services in Pinellas, southwestern Pasco, and northwestern Hillsborough Counties, Florida. The bank offers personal and business checking accounts, including money market, basic checking, interest checking, small business, and senior checking accounts; and business savings accounts and certificates of deposit. The company also offers commercial term, construction, and real estate loans; commercial and home equity lines of credit; and consumer, home, and home improvement loans. Old Harbor Bank was founded in 2003 and is headquartered in Clearwater, Florida.
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