FPB Financial Corp. (FPBF) Tuesday reported an increase in profit for the second quarter, due mainly to higher incomes and lower loan loss provisions.
The Hammond, Louisiana-based company's second-quarter net profit was $525 thousand or $1.49 per share, compared to $405 thousand or $1.13 per share last year.
Net interest income for the quarter grew to $2.11 million from $2.06 million in the year-ago quarter. Total non-interest income rose to $724 thousand from $490 thousand in the prior-year quarter.
Loan loss provisions for the quarter decreased to $142 thousand from $351 thousand last year.
Non-interest expense for the quarter advanced to $1.90 million from $1.63 million in the prior-year quarter.
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by RTT Staff Writer
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