Catawba Valley Bancshares Announces Earnings Ending March 31, 2001

Apr 11, 2001, 01:00 ET from Catawba Valley Bancshares, Inc.

    HICKORY, N.C., April 11 /PRNewswire/ --
     Catawba Valley Bancshares, Inc. (OTC Bulletin Board:   CTVB) announced
 earnings of $442,665 or $0.26 cents a share for the quarter ending
 March 31, 2001.  This compares to $314,247 or $0.18 cents a share for the same
 quarter in 2000.
     The earnings increase is attributed to the 31 percent growth in assets in
 2000 plus increased fee income from the Bank's mortgage activities.
     Assets increased to $174.1 million during the quarter, a 12 percent
 increase from the December 31, 2000 totals.
     Questions about this release can be directed to Marty Lowder at
 1-828-431-2300.
 
 

SOURCE Catawba Valley Bancshares, Inc.
    HICKORY, N.C., April 11 /PRNewswire/ --
     Catawba Valley Bancshares, Inc. (OTC Bulletin Board:   CTVB) announced
 earnings of $442,665 or $0.26 cents a share for the quarter ending
 March 31, 2001.  This compares to $314,247 or $0.18 cents a share for the same
 quarter in 2000.
     The earnings increase is attributed to the 31 percent growth in assets in
 2000 plus increased fee income from the Bank's mortgage activities.
     Assets increased to $174.1 million during the quarter, a 12 percent
 increase from the December 31, 2000 totals.
     Questions about this release can be directed to Marty Lowder at
 1-828-431-2300.
 
 SOURCE  Catawba Valley Bancshares, Inc.