Fidelity D&D Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 30, 2013 at 03:30 pm
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Fidelity D&D Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income of $5,977,000 compared with $6,079,000 for the same period a year ago. Net interest income was $5,203,000 compared with $5,042,000 for the same period a year ago. Net income was $1,325,000 or $0.58 per diluted share compared with $1,202,000 or $0.54 per diluted share for the same period a year ago. Return on average assets was 0.88% compared with 0.78% for the same period a year ago. Return on average equity was 8.90% compared with 9.01% for the same period a year ago. Book value per share was $25.54 compared with $23.78 for the same period a year ago.
For the full year, the company reported total interest income of $23,994,000 compared with $25,603,000 for the same period a year ago. Net interest income was $20,640,000 compared with $20,842,000 for the same period a year ago. Net income was $5,298,000 or $2.32 per diluted share compared with $5,045,000 or $2.28 per diluted share for the same period a year ago. Return on average assets was 0.87% compared with 0.85% for the same period a year ago. Return on average equity was 9.31% compared with 10.01% for the same period a year ago.
Fidelity D & D Bancorp, Inc. is a bank holding company. The Fidelity Deposit and Discount Bank (the Bank) is the Companyâs state-chartered commercial bank. The Bank offers a full range of traditional banking services. The Bank has a personal and corporate trust department and also provides alternative financial and insurance products with asset management services. The Bank has investment securities classified into three categories: trading, available-for-sale or held-to-maturity (HTM). The Bank service area is comprised of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania and Northampton County in Eastern Pennsylvania. It provides health benefit to bankers, including medical, dental and vision insurances, life insurance, long- and short-term disability coverage and flexible spending accounts. The Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app.