Blue Valley Ban Corp. lost $315,000 in the first quarter, mainly due to problem loans in its portfolio. Still, that improved on a $429,000 loss during the same quarter last year.
The Overland Park-based holding company for Bank of Blue Valley (OTCBB: BVBC) has $27.86 million in foreclosed assets held for sale on its books. The bank has $437.9 million in total loans.
Net interest income rose 3.5 percent to $4.25 million. However, the bank had to record a $450,000 provision for loan losses, compared...