Quarterly Loss: $700,000
Earnings per share: loss of 7 cents
Net interest income: $6.5 million
Non-interest income: $1.2 million
Net income: $373,000
Provisions for loan losses: $1.3 million
Total assets: $950.4 million
Total liabilities:- $822.7 million
Deposits:- +$5.6 million during quarter
Dividend:- 3 cents a share, payable Nov. 26
A $1.1 million increase in the provision for loan losses tied mostly to impaired and restructured commercial and real estate loans combined with a loss of $466,000 on the sale of securities sent the company to a third-quarter loss of $700,000, compared with a $700,000 profit for the same period last year.
SaxoConnect Ad Well
Kidsploration Quiz Contest
Both U.S. Senate candidates have stated their commitment to generating economic growth in Connecticut. How much impact do you think a senator realistically has on the local economy?