Provident Community Bancshares Inc. (PCBS) reported a fourth-quarter net loss to common shareholders of $428 thousand or $0.24 per share, narrower than $10.4 million or $5.80 per share in the prior year quarter.
The company noted that the decrease in the loss in 2011 was primarily due to an increase in the gain on the sale of investments, a reduction in the provision for loan losses, a decrease in other real estate owned expense and the absence of a deferred tax asset charge in 2011.
Net interest income for the quarter rose to $2.07 million from $2.05 million in the year-ago quarter, while non-interest income decreased to $660 thousand from $695 thousand in the comparable quarter last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.