Net interest income was $5.3 million for the three months ended December 31, 2012 compared to $5.4 million for the same period in 2011. The decrease for the fourth quarter 2012 was primarily due to lower interest and fees on loans due to lower average net loan balances. Net interest income for the full year 2012 was $22.0 million compared to $21.5 million for 2011.Non-interest income excluding gains on the sale of investment securities and SBA loans and the write down of OREO properties increased 36.30% for the three months ended December 31, 2012 compared to the same period in 2011. Non-interest income as defined above for the fourth quarter of 2012 was $1.2 million compared to $865,000 for the same period in 2011. Service charges on deposits and fees from wealth management services and products continued their positive trend, exceeding fourth quarter 2011 by approximately $38,000 or 12.00% and $145,000 or 73.02% respectively. Non-interest income as defined above for the full year of 2012 was $3.9 million compared to $3.4 million for 2011, a 17.97% increase.
DNB Financial Corporation Reports Strong Earnings, Book Value And Asset Growth For 2012
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