GlobeNewswire: Foundation Bancorp Contains the last 10 of 25 releaseshttp://www.globenewswire.com/External?Length=42024-03-29T16:01:38ZGlobeNewswirehttp://www.globenewswire.com/External?Length=4newsdesk@globenewswire.com (NewsDesk)https://www.globenewswire.com/news-release/2016/07/22/858335/0/en/Foundation-Bancorp-Earns-761-000-in-Second-Quarter-2016-and-1-5-Million-Year-To-Date.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Earns $761,000 in Second Quarter 2016, and $1.5 Million Year-To-Date2016-07-22T18:18:52Z<![CDATA[BELLEVUE, Wash., July 22, 2016 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCPink:FDNB), (Foundation or Company), the holding company for Foundation Bank, today reported earnings of $761,000 in the second quarter of 2016, compared to net income of $743,000 in the preceding quarter. In the second quarter a year ago, Foundation lost $1.5 million following a $3.0 million total increase to its provision for loan losses.  In the first six months of 2016, Foundation earned $1.5 million, compared to a net loss of $1.1 million in the first six months of 2015.]]>https://www.globenewswire.com/news-release/2016/04/20/830748/0/en/Foundation-Bancorp-Earnings-More-Than-Doubled-to-743-000-in-First-Quarter-2016-from-First-Quarter-2015.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Earnings More Than Doubled to $743,000 in First Quarter 2016, from First Quarter 20152016-04-20T13:00:00Z<![CDATA[BELLEVUE, Wash., April 20, 2016 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCPink:FDNB), (Foundation or Company), the holding company for Foundation Bank, today reported earnings of $743,000 in the first quarter of 2016, an increase of 122% compared to $334,000 in the first quarter a year ago.  “Our strong first quarter profits and improved net interest margin are a direct result of the actions we implemented at the end of 2015 to reduce non-performing assets and position the Bank for improved profitability,” said Randy Cloes, CFO.  “At the end of the fourth quarter we  took significant charge offs and write downs related to the sale and disposal of foreclosed assets.  These actions reduced our non-performing assets by 66% and provided meaningful cost savings from reduced legal fees.  These transactions improved our profitability in the current quarter.” ]]>https://www.globenewswire.com/news-release/2016/01/28/805719/0/en/Foundation-Bancorp-Reports-Fourth-Quarter-2015-Results-Announces-Significant-OREO-Sales.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Reports Fourth Quarter 2015 Results; Announces Significant OREO Sales2016-01-28T21:00:00Z<![CDATA[BELLEVUE, Wash., Jan. 28, 2016 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCPink:FDNB), (Foundation or Company), the holding company for Foundation Bank, today reported that is has made significant reductions to its Other Real Estate Owned (“OREO”) and Other Property Owned (“OPO”) portfolios through foreclosed asset sales and write-downs in the fourth quarter of 2015. Non-performing loans are now at the lowest levels since 2009.]]>https://www.globenewswire.com/news-release/2015/10/30/781940/10154630/en/Foundation-Bancorp-Reports-Third-Quarter-2015-Results.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Reports Third Quarter 2015 Results2015-10-30T13:00:00Z<![CDATA[BELLEVUE, Wash., Oct. 30, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCPink:FDNB) (Foundation or Company), the holding company for Foundation Bank, today reported that it earned $23,000 in the third quarter, compared to $304,000 in the third quarter a year ago. In the preceding quarter, Foundation lost $1.5 million, following a $3.0 million charge off related to the discovery of loan fraud. In the first nine months of 2015, Foundation reported a net loss of $1.1 million compared to net income of $1.2 million in the first nine months of 2014.]]>https://www.globenewswire.com/news-release/2015/10/20/777949/10153206/en/Foundation-Bank-Reports-Management-Change.html?f=22&fvtc=4&fvtv=17622Foundation Bank Reports Management Change2015-10-20T15:13:34Z<![CDATA[BELLEVUE, Wash., Oct. 20, 2015 (GLOBE NEWSWIRE) -- Foundation Bank, subsidiary of Foundation Bancorp, Inc. (OTCPink:FDNB), today announced that Chief Executive Officer Diane Dewbrey has informed the Board of Directors that she will be resigning to pursue other interests. Chairman of Foundation Bank, Lou Mills announced that CEO Diane Dewbrey will be leaving the bank effective October 19, 2015.]]>https://www.globenewswire.com/news-release/2015/08/07/758962/10145176/en/Foundation-Bancorp-Reports-Second-Quarter-2015-Results.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Reports Second Quarter 2015 Results2015-08-07T13:00:00Z<![CDATA[BELLEVUE, Wash., Aug. 7, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCPink:FDNB), the holding company for Foundation Bank, today reported that following a $3.0 million total increase to its provision for loan losses, it lost $1.5 million in the second quarter of 2015, compared to net income of $351,000 in the second quarter a year ago. In the first six months of 2015, Foundation reported a net loss of $1.1 million compared to net income of $888,000 in the first six months of 2014.]]>https://www.globenewswire.com/news-release/2015/08/03/757129/10144183/en/Foundation-Bancorp-Announces-Increase-to-Loan-Loss-Provision-Following-Discovery-of-Fraud.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Announces Increase to Loan Loss Provision Following Discovery of Fraud2015-08-03T13:00:00Z<![CDATA[BELLEVUE, Wash., Aug. 3, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. ("Foundation") (OTCQB:FDNB), the holding company for Foundation Bank ("Bank"), today announced that its second quarter results will include a $2.9 million increase in its provision for loan losses in response to the discovery of fraudulent activity by one of its Washington-based customers. As a result, the net loss for the first half of 2015 is expected to be in the range of $0.25 to $0.30 per diluted share, compared to earnings of $0.25 per diluted share in the first half of 2014.]]>https://www.globenewswire.com/news-release/2015/05/04/731770/10132351/en/Foundation-Bancorp-Reports-Operational-Profits-of-334-000-in-First-Quarter-Non-Interest-Bearing-Demand-Deposits-Increase-22-Core-Deposits-Represent-99-of-Total-Deposits.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Reports Operational Profits of $334,000 in First Quarter, Non-Interest Bearing Demand Deposits Increase 22%, Core Deposits Represent 99% of Total Deposits2015-05-04T20:00:00Z<![CDATA[BELLEVUE, Wash., May 4, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported that it earned $334,000 in the first quarter of 2015 compared to $536,000 in the first quarter a year ago. Net income available to common shareholders after dividends for preferred stock was $320,000. Earnings were $0.06 per diluted share in the first quarter of 2015 compared to $0.15 per diluted share, in the first quarter of 2014. Book value per share was $9.61 at March 31, 2015, compared to $9.50 per share a year ago.]]>https://www.globenewswire.com/news-release/2015/03/27/719805/10126705/en/Foundation-Bancorp-Announces-Completion-of-15-Million-Private-Placement-of-Convertible-Preferred-Equity.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Announces Completion of $15 Million Private Placement of Convertible Preferred Equity2015-03-27T18:19:33Z<![CDATA[BELLEVUE, Wash., March 27, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank ("Bank"), today announced that it had completed the sale of $15 million of the Company's convertible preferred stock in a private placement. The shares of preferred stock are convertible into shares of the Company's common stock at a price of $10.00 per share, subject to certain agreed upon adjustments, and, therefore, are not dilutive to existing shareholders. The Company expects to use the proceeds from the capital raise for general corporate purposes, including growth, expansion and supporting the capital needs of the Bank.]]>https://www.globenewswire.com/news-release/2015/02/25/709826/10121933/en/Foundation-Bancorp-Reports-Fourth-Quarter-and-Year-End-2014-Results-Non-Interest-Bearing-Demand-Deposits-Increase-13-Core-Deposits-Represent-96-of-Total-Deposits.html?f=22&fvtc=4&fvtv=17622Foundation Bancorp Reports Fourth Quarter and Year End 2014 Results, Non-Interest Bearing Demand Deposits Increase 13%, Core Deposits Represent 96% of Total Deposits2015-02-25T21:00:00Z<![CDATA[BELLEVUE, Wash, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported that for the full year 2014, Foundation earned $1.1 million, or $0.29 per diluted share, compared to $7.1 million, or $2.02 per diluted share in 2013. Income before provision for income tax was $1.6 million in 2014, compared to $1.5 million in 2013. Book value per share increased to $9.73 at December 31, 2014, compared to $9.21 per share a year ago.]]>