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From the current print issue of NHBR
NHBR Article
Hampshire First income rises
Thursday, July 22, 2010
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Manchester-based Hampshire First Bank reported net income for the quarter ending June 30 was $266,000, more than a 50 percent increase over first-quarter income.
Net income for the six months ending June 30 totaled $440,000 or 16 cents a share, compared to a net loss of $40,000 or 1 cent, per share in the same period last year.
Total assets as of June 30 were $201.5 million, compared to $147.1 million a year earlier.
"This level of growth although slowing from prior year’s extraordinary pace shows that the market continues to accept our personalized products and services," said James Dunphy, President and chief executive of Hampshire First.
The bank’s board also has authorized the additional purchase of $200,000 in shares of Hampshire First Bank stock annually. -- NEW HAMPSHIRE BUSINESS REVIEW
Manchester-based Hampshire First Bank reported net income for the quarter ending June 30 was $266,000, more than a 50 percent increase over first-quarter income.
Net income for the six months ending June 30 totaled $440,000 or 16 cents a share, compared to a net loss of $40,000 or 1 cent, per share in the same period last year.
Total assets as of June 30 were $201.5 million, compared to $147.1 million a year earlier.
"This level of growth although slowing from prior year’s extraordinary pace shows that the market continues to accept our personalized products and services," said James Dunphy, President and chief executive of Hampshire First.
The bank’s board also has authorized the additional purchase of $200,000 in shares of Hampshire First Bank stock annually. -- NEW HAMPSHIRE BUSINESS REVIEW
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