Cash Plus Money Loan - Central Pacific Financial Corp. Reports Third Quarter Results - CNNMoney.com
The year-over-year compression in our net interest margin was primarily attributable to our increased funding costs resulting from a shift in the composition of our deposit base from lower-rate demand, money market, and savings accounts into higher-rate time deposit accounts. The increase from the year-ago quarter was primarily due to increased income from bank-owned life insurance of $0. The increase from the year-ago quarter was primarily due to increased charges related to our reserves for unfunded commitments totaling $1. The current quarter increase was directly attributable to the increased provision for loan and lease losses. AND SUBSIDIARIES Financial Highlights - September 30, 2007 (Unaudited) Three Months Ended Nine Months Ended September 30, % September 30, % (in thousands, except per share data) 2007 2006 Change 2007 2006 Change INCOME STATEMENT Net income $9,107 $20,603 -55. Find Out More
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