OmniAmerican Bank loans, earnings up
Fort Worth-based OmniAmerican Bank said its loans were up $27.5 million, or 4 percent, and earnings rose more than 50 percent, to $803,000, in the year's first quarter. Higher auto loans drove lending growth, and cost-cutting provided the biggest boost to earnings. OmniAmerican said it finished the quarter with $711 million in net loans outstanding, $832 million in deposits and $1.37 billion in total assets. OmniAmerican's shares (ticker: OABC) were down slightly in early trading Friday.
-- Jim Fuquay