During the six months ended December 31, 2012, there was no provision for loan losses, compared to a provision of $74,000 during the quarter ended December 31, 2011. This was primarily the result of a decrease in classified assets. Classified assets decreased $3.3 million from $8.3 million at December 31, 2011 to $5.0 million at December 31, 2012.Gains on the sale of investments increased by $168,000 to $264,000 during the six months ended December 31, 2012 from $96,000 during the six months ended December 31, 2011.
First Bancshares, Inc. Announces Second Quarter Fiscal 2013 Results
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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.