CBT reports 1Q earnings


Community Bank and Trust Company’s declined slightly in the first quarter of 2007. The Wolfeboro-based bank reported that earnings totaled $1.667 million, or 46 cents per diluted share, a penny less than the same quarter last year. The decline came despite nearly a 10 percent increase in interest and dividend income, because the cost of money increased. Both deposits ($344 million) and the bank’s loan portfolio ($400 million) were up, but assets declined slightly to $436 million. The bank said it will be issuing a dividend of 36 cents of share on May 15 to shareholders on record on April 27 - BOB SANDERS
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