N.H. Thrift Bancshares reports earnings rise

July 18, 2006

NH Business Review Staff,

New Hampshire Thrift Bancshares Inc.’s second-quarter net income rose 7 percent, the company reported.

The Newport-based holding company for Lake Sunapee Bank said income increased to $1.39 million from $1.3 million during the same period a year ago. On a per-share basis, earnings rose to 32 cents from 30 cents.

Interest and dividend income for the second quarter rose to $8.22 million from $6.98 million and the provision for loan losses rose to $68,500. A year ago there was no provision for loan losses.

As of June 30, New Hampshire Thrift had total assets of $671 million and total deposits of $451.1 million. – JEFF FEINGOLD

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