For the full-year period ended December 31, 2007, net earnings were $22.4 million, or $0.67 per diluted share, compared to $30.6 million, or $0.87 per diluted share for the full-year period of 2006.
Vincent Palagiano, chairman and CEO, said: The fourth quarter 2007 earnings were on the high end of our expectations, due primarily to an increase in prepayment fee income. Otherwise, our overall business environment for much of the fourth quarter of 2007 remained the same from the previous quarters of 2007.
