Frederick County Bancorp (FCBI.OB) Reports Results for the Fourth Quarter 2009
Frederick County Bancorp, the parent company for Frederick County Bank in Maryland, commenced operations in 2001 and conducts full service commercial banking services through four offices. The company has posted positive quarterly earnings continuously since 2002, and the latest earnings statement was no exception. The company announced today that, for the quarter ended December 31, 2009, it recorded net income of $505,000 and diluted earnings per share of $0.34. This compares to net income of $154,000 and diluted earnings per share of $0.10 recorded for the fourth quarter of 2008. Earnings for the fourth quarter of 2009 were impacted by…