Community Financial Shares, Inc. Announces Second Quarter 2008 Operating Results

Community Financial Shares, Inc. (OTCBB: CFIS) (the “Company”), the holding company for Community Bank-Wheaton/Glen Ellyn (the “Bank”), reported net loss (unaudited) for the three and six months ended June 30, 2008 of $327,000 and $246,000, respectively. This compares to net income of $405,000 and $1.3 million for the comparable prior year periods. For the three months ended June 30, 2008, basic and diluted loss per share both totaled $0.26. This represents a decrease of 189.7% from $0.29 for both basic and diluted earnings per share for the comparable prior year period. In addition, for the six months ended June 30, 2008 basic and diluted earnings loss per share both totaled $0.20. This represents a decrease of 121.3% from $0.94 for both basic and diluted earnings per share for the six months ended June 30, 2007. The... [read full story]