Net loss was $176,000, or $0.03 per diluted share for Q2 2007, compared to net income of $349,000 or $0.06 per diluted share, for the second quarter of 2006.
For the six-month period ended December 31, 2007, net income was $258,000 or $0.04 per diluted share, compared to $639,000 or $0.11 per diluted share for the same corresponding period in 2006. Meanwhile, net interest income increased $300,000 or 5.4%, to $5.9 million for the six-month period of 2007.
Anderson Smith, president and CEO, said: Although the quarter-end financial results were negatively impacted by the non-cash charge to deferred income tax expense, we are encouraged by solid core operating performance, with a 35% year-to-date increase in pre-tax income and significant growth in loans and deposits.
