Oasis Capital Bank reports first profits of $7.5 million for 2010
OCB reported $7.5 million in net income for the year 2010, the second full year of its operation. The operating income for 2010 increased sharply to $21.5 million from $6.6 million in previous year. There was a $13.2 million increase in value of real estate investments. The excess funds were prudently invested in highly rated and liquid financial assets, on which the bank earned interest income of $3.5 million. Fee income increased by 62 per cent to $4.8 million as the bank continued to build up its investment portfolio.