Continued Quotations | Page 5
Continued Quotes from:
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Centers Quotes
We're seeing continued development in New Jersey's urban centers in response to an ever-increasing demand for luxury residences near mass transportation. Mixed-use development is the byword People want retail shops and services at their doorstep; they'd like to be able to walk rather than drive.
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Added Quotes
We are pleased with the Bank's results for the first half of 2005 as we had positive contributions from many areas. Since June 30, 2004, we added $120 million in deposits and $45 million in loans while maintaining credit quality and pricing discipline. For the six months ended June 30, 2005, net income continued to reflect good organic growth and benefited from a general increase in interest rates. In the first quarter of 2005, the bank raised its per-share dividend 5.89% from $17 per-share to $18 per share. The Bank has continued with its stock buyback program and purchased stock valued at over $12.2 million during the six month period ended June 30, 2005.
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Achieved Quotes
We are pleased with out performance in the fourth quarter. We met our previously announced guidance and more importantly achieved our operating margin goal. 2005 was a transition year for the company where we focused our efforts on continued revenue growth and initiatives that would deliver sustainable long-term profitable growth.