First Bank of Delaware (FBOD.OB) Reports Increase in Fourth Quarter and 2007 Annual Earnings
First Bank of Delaware (FBOD.OB) reported fourth quarter 2007 earnings of $2,728,000 or $0.24 per diluted share, compared to $926,000 or $0.08 per diluted share for the prior year. Furthermore, earnings for the year ended December 31, 2007 totaled $8,184,000 or $0.71 per diluted share; compared to $3,434,000 or $0.36 per share, this represents a significant increase. First Bank of Delaware is a full-service, state-chartered commercial bank, whose deposits are insured by the Federal Deposit Insurance Corporation. Currently, the Bank is in discussions with the FDIC regarding concerns raised by the FDIC in connection with certain credit card and lending…