MINDEN, La., Feb. 22, 2011 (GLOBE NEWSWIRE) -- Minden Bancorp, Inc. (OTCBB:MDNB) today reported net income for the quarter ended December 31, 2010 of $497,000 or $0.35 per diluted share, as compared to net income of $532,000 or $0.38 per diluted share for the quarter ended December 31, 2009. The $35,000 or 6.6% decrease primarily reflects the effects of a $265,000 increase in the provision for loan losses combined with a $66,000 increase in non-interest expense partially offset by increases of $235,000 in net interest income and $81,000 in non-interest income.
Minden Bancorp, Inc. Announces Earnings For The Year And 4th Quarter Ended December 31, 2010
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts