EMLENTON, Pa., Feb. 2, 2011 (GLOBE NEWSWIRE) -- Emclaire Financial Corp. (Nasdaq:EMCF), the parent company of The Farmers National Bank of Emlenton, reported consolidated net income available to common shareholders of $2.7 million or $1.85 per common share for 2010, compared to $1.1 million or $0.80 per common share for 2009. "We are extremely pleased with our performance in 2010," said Chairman, President and CEO, William C. Marsh. "Our loan and deposit growth, coupled with a stable net interest margin and improvements in operating efficiencies, fueled earnings growth during the year. The Board of Directors, executive management, employees and I are proud of our accomplishments, particularly given the prevailing tepid economic conditions, and look forward to continuing our tradition of sound community banking in 2011." The Corporation realized a return on average assets of 0.64% and a return on average common equity of 8.48% for the year ended December 31, 2010, which compare favorably to 0.37% and 3.97%, respectively, reported for 2009.
Emclaire Financial Corp. Reports Significant Earnings Growth In 2010
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