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FIRST OTTAWA BANCSHARES, INC (FOTB)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 04/25/2012 |
8-K
| Quarterly results |
| 01/31/2012 |
8-K
| Form 8-K - Current report |
| 10/25/2011 |
8-K
| Form 8-K - Current report |
| 07/25/2011 |
8-K
| Quarterly results |
| 04/25/2011 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 25, 2011 - First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2011, of $131,000, or $.20 per basic and diluted common share, compared to net income of $308,000, or $.48 per basic and diluted common share, for the three months ended March 31, 2010. “We are pleased to report a return to profitability in the first quarter of 2011,” said Jock Brown, President and CEO. “Our unprofitable fourth quarter of the prior year negatively impacted our annual performance for 2010. Having identified and provided for additional anticipated losses as of 2010 year end, we plan for the rest of 2011 to be profitable as well,” he added. First quarter net income decreased $177,000, or 57.5%, from the firs..." |
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| 03/11/2011 |
8-K
| Form 8-K - Current report |
| 01/31/2011 |
8-K
| Form 8-K - Current report |
| 10/25/2010 |
8-K
| Form 8-K - Current report |
| 07/23/2010 |
8-K
| Form 8-K - Current report |
| 04/26/2010 |
8-K
| Form 8-K - Current report |
| 01/29/2010 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 29, 2010 - First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2009, of $1.8 million, or $2.84 per basic common share, and $2.83 per diluted common share, compared to net income of $1.9 million, or $2.87 per basic common share, and $2.86 per diluted common share, for the year ended December 31, 2008. The Company paid cash dividends of $1.54 per share in 2009 and $3.00 per share in 2008. “First Ottawa's year end earnings, constituting $2.84 per share, are only slightly less than 2008. The impact of the industry wide increase of FDIC Insurance premiums to $564,000, or $.68 per share after taxes, was nearly fully absorbed by other factors. Our earnings per share, which we consider our primary..." |
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| 07/24/2009 |
8-K
| Form 8-K - Current report |
| 04/24/2009 |
8-K
| Form 8-K -- Current report |
| 02/02/2009 |
8-K
| Form 8-K -- Current report |
| 10/24/2008 |
8-K
| Quarterly results |
| 07/25/2008 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., July 25, 2008 - First Ottawa Bancshares, Inc. reported net income for the three months ended June 30, 2008, of $616,000, or $.96 per basic common share, and $.95 per diluted common share, a 5.5% increase compared to net income of $584,000, or $.90 per common basic and diluted share, for the three months ended June 30, 2007. During the six months ended June 30, 2008, net income was $1.08 million, or $1.68 per common share, and $1.67 per diluted share, a 0.1% increase compared to $1.08 million, or $1.67 per common basic and diluted share during the first six months of 2007. “We are very pleased to be able to continue our long history of quality and consistency of earnings”, said President and CEO Jock Brown, “especially in ti..." |
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| 04/28/2008 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 25, 2008 - First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2008 of $468,000, or $.72 per common share, compared to net income of $499,000, or $.77 per common share, for the three months ended March 31, 2007. First quarter income decreased $31,000, or 6.2%, from the first quarter of 2007. Net interest income after provision for loan losses increased $221,000 to $2.2 million, which was the net result of an $8,000 increase in total interest income, and a $198,000 decrease in interest expense. The largest decrease in interest expense was due to a decrease in interest paid on money market accounts. This reduction was due to both rate and volume factors. Non-interest income decreased $..." |
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| 01/31/2008 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 31, 2008 — First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2007, of $2.4 million, or $3.72 per basic common share, and $3.71 per diluted common share, compared to net income of $2.3 million, or $3.59 per common share, and per diluted common share, for the year ended December 31, 2006. The Company paid cash dividends of $3.00 per share in 2007 and 2006. Net income for 2007 increased $80,000, or 3.4%, from 2006. Net interest income after provision for loan losses increased $36,000, which was the net result of a $43,000 decrease in total interest income, and by a $79,000 decrease in interest expense as a result of an increase in the average loan balances outstanding through out the year. ..." |
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| 10/26/2007 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., October 25, 2007 — First Ottawa Bancshares, Inc. reported net income for the three months ended September 30, 2007, of $673,000, or $1.04 per common share, compared to net income of $655,000, or $1.01 per common share, for the three months ended September 30, 2006. During the nine months ended September 30, 2007, net income was $1.8 million, or $2.71 per share, compared to $1.6 million, or $2.48 per share during the first nine months of 2006. Net interest income after provision for loan losses for the three months ended September 30, 2007, increased $196,000, to $2.3 million, which was the net result of a $131,000 increase in total interest income, and a $65,000 decrease in interest expense. This change was primarily the re..." |
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| 07/25/2007 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Quarterly Earnings Surge 34% Ottawa, Ill., July 25, 2007 - First Ottawa Bancshares, Inc. reported net income for the three months ended June 30, 2007, of $584,000, or $.90 per common share, a 33.9% increase compared to net income of $436,000, or $.67 per common share, for the three months ended June 30, 2006. During the six months ended June 30, 2007, net income was $1.08 million, or $1.67 per share, a 13.3% increase compared to $956,000, or $1.47 per share during the first six months of 2006. Net interest income increased by 3.8% to $2.2 million for the three months ended June 30, 2007 as compared to 2006. Total interest income increased to $3.8 million for the three months ended June 30, 2007, compared to $3.6 million for the three months ended June 30, 2006. This..." |
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| 04/25/2007 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 25, 2007 — First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2007 of $499,000 or $.77 per common share, compared to net income of $520,000 or $.80 per common share for the three months ended March 31, 2006. First quarter income decreased $21,000 or 4.0% from the first quarter of 2006. Net interest income after provision for loan losses decreased $109,000 to $2.0 million, which was the net result of an $89,000 increase in total interest income, and a $198,000 increase in interest expense. The largest increase in interest expense was due to higher costing deposit products coupled with the fact that liabilities repriced more quickly than assets during 2006 and into 2007 as interest ra..." |
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| 01/31/2007 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 31, 2007 — First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2006, of $2.3 million, or $3.59 per basic common share, and per diluted common share, compared to net income of $2.5 million, or $3.92 per common share, and $3.90 per diluted common share, for the year ended December 31, 2005. The Company paid cash dividends of $3.00 per share in 2006 and 2005. Net income for 2006 decreased $210,000, or 8.3%, from 2005. Net interest income after provision for loan losses decreased $608,000, which was the net result of a $1.0 million increase in total interest income, and by a $1.7 million increase in interest expense as a result of an increase in the average rate paid on liabilities of 82 basis..." |
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| 10/25/2006 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., October 25, 2006 — First Ottawa Bancshares, Inc. reported net income for the three months ended September 30, 2006, of $655,000, or $1.01 per common share, compared to net income of $660,000, or $1.02 per common share, for the three months ended September 30, 2005. During the nine months ended September 30, 2006, net income was $1.6 million, or $2.48 per share, compared to $1.7 million, or $2.66 per share during the first nine months of 2005. Net interest income after provision for loan losses for the three months ended September 30, 2006, decreased $184,000, to $2.2 million, which was the net result of a $237,000 increase in total interest income, and a $451,000 increase in interest expense. Interest expense increased to $..." |
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| 07/26/2006 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., July 25, 2006 — First Ottawa Bancshares, Inc. reported net income for the three months ended June 30, 2006, of $436,000, or $.67 per common share, compared to net income of $571,000, or $.88 per common share, for the three months ended June 30, 2005. During the six months ended June 30, 2006, net income was $956,000, or $1.47 per share, compared to $1.07 million, or $1.64 per share during the first six months of 2005. Net interest income after provision for loan losses for the three months ended June 30, 2006, decreased $85,000, to $2.1 million, which was the net result of a $254,000 increase in total interest income, and a $369,000 increase in interest expense. Interest expense increased to $1.5 million for the three month..." |
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| 04/25/2006 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 25, 2006 - First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2006, of $520,000, or $.80 per common share, compared to net income of $495,000, or $.76 per common share for the three months ended March 31, 2005. First quarter income increased $25,000, or 5.1%, from the first quarter of 2005. Net interest income after provision for loan losses decreased $87,000, to $2.1 million, which was the net result of a $280,000 increase in total interest income, and a $397,000 increase in interest expense. The larger increase in interest expense was due to a $9.5 million migration of federal funds purchased to higher costing deposit products, and also liabilities repricing more quickly than asse..." |
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| 01/31/2006 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 31, 2006 - First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2005, of $2.5 million, or $3.92 per basic common share, and $3.90 per diluted common share, compared to net income of $2.6 million, or $4.03 per common share, basic and diluted, for the year ended December 31, 2004. The Company paid cash dividends of $3.00 per share in 2005 and 2004. Net income for 2005 decreased $83,000, or 3.2%, from 2004. Net interest income after provision for loan losses decreased $42,000, which was the net result of a $371,000 increase in total interest income, and by a $413,000 increase in interest expense as a result of an increase in the average rate paid on liabilities of 25 basis points, from 1.73% i..." |
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| 10/25/2005 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., October 25, 2005 - First Ottawa Bancshares, Inc. reported net income for the three months ended September 30, 2005, of $660,000, or $1.02 basic earnings per common share, compared to net income of $677,000, or $1.04 basic earnings per common share, for the three months ended September 30, 2004. During the nine months ended September 30, 2005 and 2004, net income was $1.7 million, or $2.66 basic earnings per common share. Net interest income after provision for loan losses for the three months ended September 30, 2005, increased $48,000, to $2.3 million, which was the net result of a $237,000 increase in total interest income, and a $189,000 increase in interest expense. Third quarter non-interest income decreased $15,000, o..." |
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| 07/25/2005 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., July 25, 2005 - First Ottawa Bancshares, Inc. reported net income for the three months ended June 30, 2005, of $571,000, or $.88 per common share, compared to net income of $578,000, or $.88 per common share, for the three months ended June 30, 2004. During the six months ended June 30, 2005, net income was $1.07 million, or $1.64 per share, compared to $1.06 million, or $1.62 per share during the first six months of 2004. Net interest income after provision for loan losses for the three months ended June 30, 2005, decreased $58,000, to $2.2 million, which was the net result of a $2,000 increase in total interest income, and a $60,000 increase in interest expense. Second quarter non-interest income decreased $118,000, or 15..." |
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| 04/25/2005 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 25, 2005 - First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2005, of $495,000, or $.76 per common share, compared to net income of $479,000, or $.74 per common share for the three months ended March 31, 2004. First quarter income increased $16,000, or 3.3%, from the first quarter of 2004. Net interest income after provision for loan losses decreased $7,000, to $2.2 million, which is the net result of a $91,000 decrease in total interest income, primarily resulting from decreases in principal balances as yields on earning assets remained relatively constant compared to prior year, and by an $84,000 decrease in interest expense. Non-interest income decreased $99,000, or 15.5% compar..." |
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| 01/31/2005 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 31, 2005 - First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2004, of $2.6 million, or $4.03 per common share, basic and diluted, compared to net income of $2.5 million, or $3.75 per common share, basic and diluted, for the year ended December 31, 2003. The Company paid cash dividends of $3.00 per share in 2004 and 2003. Net income for 2004 increased $169,000, or 6.9%, from 2003. Net interest income after provision for loan losses increased $890,000, which is the net result of an $886,000 increase in total interest income, and by a $184,000 decrease in interest expense as a result of a decrease in the average rate paid on liabilities of 54 basis points, from 2.26% in 2003 to 1.72% in 200..." |
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| 10/25/2004 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., October 25, 2004 - First Ottawa Bancshares, Inc. reported net income for the three months ended September 30, 2004, of $677,000, or $1.04 per common share, compared to net income of $627,000, or $.96 per common share for the three months ended September 30, 2003. Third quarter net income increased $50,000, or 8.0%, from the third quarter of 2003. Net interest income after provision for loan losses increased $236,000, to $2.3 million, which was the net result of a $304,000 increase in total interest income, primarily resulting from increases in principal balances as yields on earning assets fell compared to prior year. Total interest expense increased only modestly by $23,000. In addition, the provision for loan losses incre..." |
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| 07/23/2004 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., July 23, 2004 - First Ottawa Bancshares, Inc. reported net income for the three months ended June 30, 2004, of $578,000, or $.88 per common share, compared to net income of $652,000, or $.99 per common share for the three months ended June 30, 2003. Second quarter income decreased $74,000, or 11.3%, from the second quarter of 2003. Net interest income after provision for loan losses increased $270,000, to $2.3 million, which was the net result of a $245,000 increase in total interest income, primarily resulting from increases in principal balances as yields on earning assets fell compared to prior year, and by a $70,000 decrease in interest expense. In addition, the provision for loan losses increased by $45,000 compared to..." |
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| 04/23/2004 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Quarterly Earnings Ottawa, Ill., April 23, 2004 - First Ottawa Bancshares, Inc. reported net income for the three months ended March 31, 2004, of $479,000, or $.74 per common share, compared to net income of $614,000, or $.94 per common share for the three months ended March 31, 2003. First quarter income decreased $135,000, or 22.0%, from the first quarter of 2003. Net interest income after provision for loan losses increased $239,000, to $2.2 million, which is the net result of a $194,000 increase in total interest income, primarily resulting from increases in principal balances as yields on earning assets fell compared to prior year, and by a $90,000 decrease in interest expense. In addition, the provision for loan losses increased by $45,000 compared t..." |
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| 01/30/2004 |
8-K
| Quarterly results|
Docs:
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"First Ottawa Bancshares Announces Annual Earnings OTTAWA, Ill., January 30, 2004 - First Ottawa Bancshares, Inc. reported net income for the year ended December 31, 2003, of $2.4 million, or $3.75 per common share, basic and diluted, compared to net income of $2.3 million, or $3.47 per common share, basic and diluted, for the year ended December 31, 2002. The Company paid cash dividends of $3.00 per share in 2003 and 2002. Net income for 2003 increased $172,000, or 7.5%, from 2002. Net interest income after provision for loan losses increased $908,000, which is the net result of a $441,000 decline in total interest income, offset by a $1.3 million decrease in interest expense. This increase in net interest income resulted from declining interest rates in 2003 and corresponding decreases in..." |
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