Boardwalk’s net income for the 12 months ended December 31, 2007 decreased to $413,000 or $0.10 per diluted share, as against net income of $3.03 million or $0.83 per diluted share, in the same period a year ago.
The bank’s total loans increased by $12.83 million for the quarter ended December 31, 2007 to $314.62 million. At December 31, 2007, Bancorp’s total assets decreased to $450.36 million, a decrease of $2.92 million or 0.6% from $453.28 million at December 31, 2006.
