Capitalized Cost
Equipment valuation determined for the purpose of depreciating equipment over time.
|
Horizon Financial Reports Fiscal Second Quarter of 2009 Results; Increases Provision for Loan Losses and Remains Well-Capitalized
BELLINGHAM, Wash., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Horizon Financial Corp. (Nasdaq:HRZB) today reported it remains well capitalized and set aside additional provisions for potential future loan losses in its fiscal second quarter ended September 30, 2008. In the quarter ended September 30, 2008, Horizon had a $12.0 million provision for loan losses, generating a net loss of $4.6 million, or $0.39 per share, compared to net income of $2.0 million, or $0.17 per diluted share, for the quarter end...
10/23/2008 10:30:00 AM
Business/Financial News (via PrimeNewswire)
|
