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Increased mortgage banking revenue helped lift first-quarter profit at Umpqua Holdings (UMPQ) of Portland, Ore.

Annapolis Bancorp (ANNB) has repaid half of the $8.2 million it owed the Treasury Department under the Troubled Asset Relief Program.

S.Y. Bancorp (SYBT) in Louisville, Ky., posted record earnings in the first quarter even as its loan portfolio is beginning to show some cracks.

A surge in mortgage lending powered Cardinal Financial (CFNL) in McLean, Va., to a $7.7 million profit in the first quarter, an increase of nearly 47% from the same period in 2011.

Fulton Financial (FULT) in Lancaster, Pa., said Tuesday that its first-quarter earnings climbed nearly 13% from the same period last year, to $38.1 million, as strong refinancing activity, improved asset quality and sharply lower funding costs more than offset sluggish commercial loan growth.

In a complex move, BNC Bancorp (BNCN) in High Point, N.C., is seeking to change its private equity partner's ownership position in order to boost its capital levels.

Westamerica Bancorporation (WABC) in San Rafael, Calif., said Tuesday that its first-quarter earnings fell 6.2%, to $21.8 million, from the same period in 2011 as the company intentionally curtailed its lending in response to persistently low interest rates and fierce competition for quality loans.

United Community Banks (UCBI) in Blairsville, Ga., has registered the preferred shares it issued to the Treasury Department as part of the Troubled Asset Relief Program for potential resale, a key step for banks that want to be included in any upcoming auctions of Tarp shares.

DENVER – State regulators on Friday approved applications from $2 billion Bellco CU and $225 million Denver Community CU to serve almost 450,000 residents in Adams County, making at least five of the state's biggest credit unions authorized to serve the fast-growing county, which includes the Denver bedroom communities of Arvada and Aurora and part of the city of Denver.

CNB Financial (CCNE) of Clearfield, Pa., reported first-quarter income of $4.3 million, up almost 33% from a year earlier, as net interest income and total loans rose.

WSFS Financial (WSFS) in Wilmington, Del., says that a discounted loan program it established late last year to help spur small-business expansion has been so well-received that the company is extending it through the end of June.

FVNB Corporation in Victoria, Texas, is expanding into the Austin and San Antonio markets with a deal to acquire the $270 million-asset First State Bank in New Braunfels.

Intervest Bancshares (IBCA) in New York said Monday that its first-quarter profit climbed 53% from the same period in 2011 due primarily to lower overhead and improved asset quality.

Chemical Financial (CHFC) reported first-quarter income of $12.4 million, up almost 35% from a year earlier, as the Midland, Mich., company's earnings were boosted by the sale of its merchant processing business.

The state of Indiana has tapped a former banker to help restore credibility to its beleaguered revenue department.

The Treasury Department has not said if it intends to auction off more stakes it owns in community banks, but Yadkin Valley Financial (YAVY) in Elkin, N.C., wants to be ready in case it does.

Bank of the Ozarks (OZRK) in Little Rock said its first-quarter earnings increased 23% from the same period in 2011, to $18 million, on the strength of improved efficiency, solid growth in fee income and a continued decline in problem assets.

In a letter to Senate leaders, the head of a Glendale, Calif., credit union broke with the rest of the industry on legislation that would allow credit unions to make more commercial loans.

Shares of Southcoast Financial (SOCB) surged more than 50% Thursday after the Mt. Pleasant, S.C., banking company reported its first quarterly profit in nearly two years.

NCAL Bancorp in Los Angeles and Raton Capital in New Mexico have been hit with enforcement orders from the Federal Reserve Board that require them to stabilize their ailing bank subsidiaries.