EMLENTON, Pa., Oct. 19, 2012 (GLOBE NEWSWIRE) -- Emclaire Financial Corp (Nasdaq:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income of $669,000 for the three months ended September 30, 2012, compared to $1.0 million for the same period in the prior year. The decline in quarterly earnings was the result of increased provision for loan losses due to the deterioration of a commercial real estate credit relationship. Aside from the charge on this problem credit, results were positive with increases in net interest income and fee income, along with decreases in noninterest expense and the provision for income taxes.
Emclaire Financial Corp Reports Quarterly Earnings
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