Integrity Bancshares, Inc. Reports 35% Growth in Assets
Integrity Bancshares, Inc., the parent company of Integrity Bank, reported 35% growth in total assets for the quarter ending March 31, 2009. Assets increased to $432 million at March 31, 2009 as compared to $320 million for March 2008.
Loans grew 33% to $390 million up from $293 million over the same quarter of the prior year. Deposits soared 43% to $377 million from $263 million as of March 31, 2008.
Net income for the first quarter of 2009 was $480,000, a 5% increase over the income of $457,000 for the first quarter of 2008.
James T. Gibson, President/CEO of Integrity Bank stated, "This level of growth is impressive in the current economic environment. Now is the time people are exiting the larger institutions for the local community banks. The impact of this will be reflected in future quarters."
Integrity Bank has offices located in Cumberland, Dauphin, and York, Counties.
Jim Gibson, President/CEO
Laurel Leitzel, CFO