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Second-quarter numbers are out for Princeton National Bancorp
The latest financial numbers are out for Princeton National Bancorp, parent company of Citizens First National Bank. PNBC announced a net loss of just over $2.93 million for the second quarter of this year. That’s compared to a net income of $99,000 in the second quarter of 2010. President and CEO Tom Ogaard says they’re continuing to work through problems with their loan portfolio. Non-interest income for the second quarter was $4 million, while non-interest expense totaled $10.2 million. PNBC stock is up though, and Ogaard says that’s a reflection of the work they’ve done. The price of PNBC stock closed at $5.00 on June 30th, compared to $3.64 on December 31st of last year.
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