Provident Community Bancshares Inc. (PCBS) reported a second-quarter net income to common shareholders of $24 thousand or $0.01 per share, compared to a net loss of $110 thousand or $0.06 per share in the prior year quarter.
The company the improvement in 2012 was primarily due to a reduction in Other Real Estate Owned or OREO expenses of $721,000 due to expense reductions and recoveries on OREO and the absence of any other-than-temporary impairment of securities in 2012 compared to $191,000 in 2011.
Net interest income for the quarter rose to $1.81 million from $2.30 million in the year-ago quarter, while non-interest income decreased to $658 thousand from $660 thousand in the comparable quarter last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.