For the 12 months ended December 31, 2013, net interest income after the provision for credit losses was $17.79 million compared with $20.52 million for the 12 months ended December 31, 2012. In 2013, the Company recorded a $2.53 million provision for loan losses, compared with a provision of $1.46 million in 2012.The Company's net interest margin was 3.31% for the fourth quarter of 2013, compared with 3.21%, 3.35%, and 3.32% in the third, second and first quarters of 2013, respectively, and 3.55% in the fourth quarter of 2012. Although there was continuing pressure on margins throughout 2013, the Company was able to mitigate some of this pressure through interest expense management and a diminished reliance on outside borrowings. Management anticipates the reduction in non-performing assets will positively impact margins in future quarters.
DNB Financial Corporation Reports Fourth Quarter, Full Year 2013 Results
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