BCB swung to a profit of $1.35 million for the six months ended March 31, 2011, from a loss of $1.47 million in the same period a year earlier.In a statement released this morning, BCB said revenue more than doubled to $5.74 million from $2.45 million in the prior year period, and client deposits climbed by 29 percent.The results reflect a rejuvenation of the bank since its takeover last year by Permanent Investments Ltd.The bank’s board of directors decided to pay an interim dividend of ten cents per share that will be paid to shareholders of record as of May 18, 2011.“Overall we are pleased with the steady growth of the bank’s deposit base and profitability since the completion of the sale of the bank to the new investor group in April 2010,” BCB chairman Michael Collier said.“Over the course of the last 12 months, we have made it a management priority to strengthen the bank from the ground upwards. We have improved our employee and management depth by retaining new professionals, and continue to invest in new state-of-the-art technologies and streamlined processes in all operational areas.“Our improved earnings reflect strong interest income on our investments matched by solid growth in customer deposits.“The bank’s profit together with the pleasing unrealised gain on our investment portfolio boosted shareholders’ equity to $82.58 million at March 31, 2011 compared with $74.96 million at September 30, 2010.“Our capital ratio, which is a measure of liquidity and stability, was 18.6 percent at period end, significantly higher than the general industry standards and a clear indication of the strength of BCB’s balance sheet.”