Integrity Bank reports 11% increase in earnings
Integrity Bank reported an increase of 11% in earnings for the second quarter 2010. Income grew from $660,000 for the second quarter of 2009 to $734,000 for the second quarter 2010. During the same period assets grew to $534 million, a 21% growth from $440 million at June 30, 2009. Loans grew 15% to $456 million from $398 million.
Jim Gibson, Chairman and Chief Executive Officer stated “I am pleased that even in the current economic climate the core earnings of the bank are increasing. Once this cycle is completed we expect our earnings to skyrocket! While the Lancaster branches are under construction and an early October opening is expected, negotiations are being finalized for further expansion of our branch network.”
Integrity Bank has offices in Dauphin, Cumberland and York Counties. Questions may be directed to Jim Gibson at 717 920-3685 or Laurel Leitzel at 717 920-3690.
Jim Gibson, President/CEO
Laurel Leitzel, CFO