Q&A: President of New Hampshire Hospital Association Steve Ahnen
Learn more about Ahnen and how the association serves as the primary advocate for the Granite State’s acute care community and specialty hospitals
NHTB earnings flat in second quarter
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.
