Valley Community Bancshares, Inc., parent company of Valley Bank, reported earnings to $2.15 million, or $1.90 per share, for the year ended December 31, 2011, up slightly compared to $2.07 million, or $1.82 per share, during the previous year.
The company’s Board of Directors also has approved a $1 per share cash dividend to shareholders of record on Dec. 31, 2011. The dividend represents the 38th consecutive year of payment. Total assets increased to $237 million at the end of 2011, compared to $228 million on Dec. 31, 2010. Total loans were flat for the year while deposits increased about 4 percent. Total loans and deposits were $126 million and $205 million, respectively, on Dec. 31, 2011.
Valley Bank serves the south King and eastern Pierce County regions with eight full-service banking facilities and a drive-up facility.