WAUKESHA —On Wednesday, the
holding company of CIBM Bank, CIB Marine Bancsharess, announced its
net income for the second quarter was $1 million.
The basic earnings per share for
the second quarter for the company were $0.06 and $0.03 diluted
earnings per share. The net income for six months ending June 30 was
$1.9 million, or $0.11 basic and $0.05 diluted earnings per share.
CIB Marine Bancsharess also
reported that its return on average assets for the quarter was 0.65
percent and 0.6 percent for the first half of the fiscal year,
compared to 0.8 percent and 0.73 percent for the same periods in
In addition, income for
subsidiary CIBM Bank was $1.2 million for the quarter and $2.3
million for the six-month period ending June 30, compared to net
income of $1.4 million and $2.1 million for the same periods of