Balance Sheet ReviewTotal assets rose 3.0%, or $51.4 million, to $1.78 billion at September 30, 2010, from $1.73 billion at September 30, 2009. The Company’s loan portfolio decreased 4.2%, or $58.7 million, to $1.33 billion from $1.39 billion at September 30, 2009, due primarily to efforts to move troubled loans through the collection, foreclosure, and disposition process. Deposits at September 30, 2010 increased 0.8% to $1.39 billion from $1.38 billion at September 30, 2009, due primarily to growth in interest checking and demand deposits.
Porter Bancorp, Inc. Announces Third Quarter 2010 Results
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