ROEBLING, N.J., Aug. 7 /PRNewswire-FirstCall/ -- Frank J. Travea, III,
President of Roebling Financial Corp, Inc. (OTC Bulletin Board: RBLG), the
parent company of Roebling Bank, Roebling, New Jersey, has announced earnings
of $153,000 or $.09 per diluted share for the quarter ended June 30, 2008,
compared to earnings of $88,000 or $.05 per diluted share for the same period
last year. For the nine months ended June 30, 2008, earnings were $326,000 or
$.20 per diluted share, compared to $239,000 or $.14 per diluted share for the
same period last year, an increase of $87,000, or 36.4%. The increase in
earnings is primarily the result of an increase in net interest income,
reflecting an improvement in our interest rate spread. At June 30, 2008,
total assets, deposits and stockholders' equity were $150.4 million, $124.1
million and $17.2 million, respectively. Net loans increased by $6.4 million,
or 6.3%, to $109.2 million at June 30, 2008 from $102.8 million at September
30, 2007. Non-performing loans to total loans were .40% at June 30, 2008,
compared to .47% at September 30, 2008. We have not invested in sub-prime
loans and will therefore not be experiencing write-downs from losses on
sub-prime portfolios, as so many financial institutions are. The Bank
continues to be well-capitalized.
Roebling Bank operates five banking offices in New Jersey. The Bank has
two offices in Roebling, and offices in New Egypt, Westampton and Delran. For
more information about Roebling Bank, please contact Frank J. Travea, III or
John J. Ferry, Chairman of the Board. Roebling Financial Corp, Inc. stock
trades on the OTC Bulletin Board under the symbol "RBLG".
Statements contained in this news release which are not historical facts
are forward-looking statements as the term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements are
subject to risks and uncertainties which could cause actual results to differ
materially from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents filed by the
Company with the Securities and Exchange Commission from time to time.
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