MINDEN, La., July 23, 2013 (GLOBE NEWSWIRE) -- Minden Bancorp, Inc. (the "Company") (OTCBB:MDNB) today reported net income for the quarter ended June 30, 2013 of $869,000 or $0.36 per diluted share, as compared to net income of $755,000 or $0.31 per diluted share for the quarter ended June 30, 2012. The $114,000 or 15.1% increase reflects a $72,000 increase in net interest income and a $20,000 increase in non-interest income, decreases in non-interest expense and the provision for loan losses of $1,000 and $8,000, respectively. Additionally, income tax expense decreased by $13,000 for the quarter ended June 30, 2013 as compared to the quarter ended June 30, 2012 primarily due to increased income from tax-free municipals.
Minden Bancorp, Inc. Reports Results Of Operations For The 2nd Quarter Ended June 30, 2013
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