Dimeco Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $1.4 million resulted in a return on average assets of 0.95% and a return on average equity of 9.14%. The level of net income for this quarter of 2014 was $157,000 lower than the comparative period in 2013 due in part to the current low interest rate environment and a return on average assets of 1.06% and a return on average equity of 10.49% for the same period last year.

Total interest income was $6,292,000 compared to $6,551,000 for the same period last year. Net interest income was $5,484,000 compared to $5,594,000 for the same period last year. Net income per diluted share was $0.88 compared to $0.98 for the same period last year.

Book value per share was $38.99 compared to $37.36 for the same period last year.