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NCAL Bancorp California annual earnings up 20%

NCAL Bancorp California has reported earnings of $6.7 million for the full-year ended December 31, 2007, an increase of 20.25% compared to $5.6 million for the same period ended December 31, 2006.

Basic earnings per share was $2.93 for the full-year period, compared to $2.48 for the corresponding period of 2006. Net interest margin was 7.18% for 2007, compared to 7.16% in 2006.

Barry Uzel, president and CEO, said: The financial highlights for the year ended December 31, 2007, confirm the steady growth and improved earnings of NCAL Bancorp. Bancorp’s strong balance sheet positions it well for the economic and financial challenges anticipated in 2008.