Sun American Bancorp slips to loss in Q2 - Quick facts

Sun American Bancorp (SAMB) reported a second quarter net loss of $2.5 million or $0.24 per share, compared to net income of $119,000 or $0.01 per share, in the second quarter of 2007.

Net interest income for the quarter declined to $5.03 million from $5.45 million in the prior year quarter. Non-interest income was $427 thousand, down from $489 thousand in year ago quarter.

by RTTNews Staff Writer

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