Choice Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2012
Choice Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported interest income of $2,432,000 compared to $2,142,000 a year ago. Net interest income was of $1,887,000 compared to $1,581,000 a year ago. Net income was $1,193,000 or $0.55 per share compared to $332,000 or $0.15 per share a year ago. Book value per share was $7.81 as at March 31, 2012 compared to $7.24 per share as at December 31, 2011. The company posted a significant increase in its net interest income for the quarter.