AmeriServ Financial (ASRV Quote) slipped despite reporting a year-over-year increase in second-quarter profits. The bank holding company had quarterly earnings of $568,000, or 3 cents a share, compared with $370,000 and 2 cents a share a year ago. Shares of AmeriServ were down 12 cents, or 2.4%, at $4.80.
Macatawa Bank (MCBC Quote) rose after it posted second-quarter net income of $5.76 million, or 35 cents a share, up from $5.26 million, or 32 cents a share, last year. Macatawa, the parent company of Macatawa Bank and Macatawa Investment Services, saw its shares jump $1.82, or 8.6%, to $23.
Community Trust Bancorp (CTBI Quote) said its second-quarter profit rose to $9.9 million, or 65 cents a share, from $8.5 million, or 56 cents a share, a year ago. Analysts surveyed by Thomson Financial were looking for a bottom line of 61 cents. Community Trust Bancorp, a provider of banking services in Kentucky and West Virginia, was up 59 cents, or 1.7%, at $35.42. ...
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