NHTB earnings flat in second quarter

Bob Sanders,

The 2012 second-quarter earnings of Lake Sunapee Bank's parent company didn't improve much from last year's second quarter.

New Hampshire Thrift Bancshares Inc. reported earnings of $2 million, or 30 cents a diluted share, virtually the same as it did last year. Earnings were up by $12,000 and diluted earnings per share were down by a couple of pennies, and the dividend – 13 cents a share — was also the same.

That brings the company's net income for the first half of the year to $4.1 million, a $70,000 increase, with diluted earnings down 3 cents.

New Hampshire Thrift Bancshare's assets rose to $1.1 billion, a 9.6 percent increase, and loans increased 11 percent to $76.7 million. Deposits increased 3 percent to $827 million, and the percentage of nonperforming loans (as a percentage of total loans) fell from 2.32 percent to 1.91 percent.

Categories: News

More news from NHBR:
Health, News

The drive no one should have to make — and the effort underway to end it

If you live in Manchester or Concord, you probably don’t think twice about finding a doctor. There is a specialist within a few miles for almost anything you need. But if you live in Colebrook, or Lancaster, or any one of dozens of small communities spread across New Hampshire’s North Country, the picture looks very different, and the gap between those two realities is wider than most people realize.