Lighthouse Bank (LGHT.OB) late Thursday said first-quarter profit climbed 19 percent from last year, amid a 7 percent growth in net interest income and the absence of provision for bad loans.
Net income for the first quarter increased to $520,641 from $436,224 in the prior year.
Net interest income advanced 7 percent to $1.69 million from last year's $1.57 million.
The quarter had no provision for credit losses compared to $20,000 last year.
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