Integrity Bank Reports Record Earnings For 2009
Integrity Bancshares, Inc., the parent company of Integrity Bank reported an increase in earnings of 20% for 2009. The company’s income grew to $3,005,000 for 2009 from $2,504,000 in 2008. Core earnings of the bank have consistently grown with fourth quarter earnings up 23% to $861,000 for 2009 compared to $698,000 for the quarter ended December 31, 2008.
In 2009, assets of the bank increased 22% to $474 million, up from $390 million on December 31, 2008, while loans grew to $435 million, also up 22% from $356 million. James T. Gibson, President/CEO of Integrity Bank stated “Over 99.2% of our loans are paying as agreed and we have seen people continue to flee the larger institutions for the security of community banks. During times like these customers want their money and relationships with a bank that lends locally and is committed to the success of our community.”
Integrity Bank has offices located in Cumberland, Dauphin and York, counties.
Jim Gibson, President/CEO
Laurel Leitzel, CFO