N.H. bank profitability shows improvement



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Profitability has been on the rise for New Hampshire banks over the past few years, but it's still significantly shy of pre-recession levels.The Federal Deposit Insurance Corp. on Tuesday released its banking performance summary for the second quarter ending June 30. When compared to second quarter figures from 2010 and 2009, New Hampshire banks have seen increases in net income, total assets, equity capital and other measures of profitability.In second quarter 2011, total assets for the state's banks were just shy of $10 billion, up from $9.66 billion in 2010 and $9.17 billion in 2009.Total deposits also saw an uptick. In the second quarter of this year, total deposits were $7.76 billion, up from $7.5 billion in 2010 and $6.94 billion in 2009.Return on equity has also improved over the same period. As of the second quarter of 2011, return on equity was 6.16 percent, up from 1.38 percent in 2010 and -2.17 percent in 2009.Bank profitability is still a far cry from what it was in 2007. Total assets for the second quarter of that year were $19.7 billion, nearly double that of 2011. Still, steady progress continues, with the FDIC reporting that this is the eighth consecutive quarter in which earnings have registered a year-over-year increase.Nationally, bank profitability is on the rise as well, with a net income of $28.8 billion in second quarter 2011, up from $20.9 billion in the same quarter 2010. -- KATHLEEN CALLAHAN/NEW HAMPSHIRE BUSINESS REVIEW

 

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