Non-interest income increased $196,000 to $1.5 million for the three months ended December 31, 2012 compared to $1.3 million for the same period in 2011. The increase was primarily due to an increase in income related to sale of loans on the secondary market, an increase in debit card related income, an increase in income related to consumer loan related fees and increased revenue from Valley Title Services, LLC partially offset by a reduction in deposit related fees generated from non-sufficient fund charges.Non-interest expense increased $319,000 to $3.2 million for the quarter ended December 31, 2012 compared to $2.8 million for the quarter ended December 31, 2011. The increase was primarily due to data processing fees related to increased debit card transactions as well as increased salary and employee benefits expenses including an increase in the number of employees.
Athens Bancshares Corporation Reports 2012 Financial Results
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