Non-interest income increased $569,000 to $5.3 million for the year ended December 31, 2012 compared to the year ended December 31, 2011. The increase was primarily due to an increase in income related to the sale of mortgage loans on the secondary market, an increase in debit card related income and an increase in revenue from Valley Title Services, LLC partially offset by reductions in nonsufficient fund charges on deposit accounts and customer investment sales commissions.Non-interest expense increased $447,000 to $11.9 million for the year ended December 31, 2012 compared to the year 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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