Anchor on the upswing

AnchorBanCorp Wisconsin, parent of AnchorBank, posted a first quarter net income of $1.9 million (21 cents/share) compared to a $14 million net loss (66 cents/share) for the same quarter a year ago. The 2014 numbers do not include preferred stock, which no longer exists after the company’s $175 million recapitalization and bankruptcy reorganization last fall.