LifeStore Financial Group Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2012
June 31, 2012
Share
LifeStore Financial Group reported earnings results for the third quarter and nine months ended June 30, 2012. The company reported net income of $324,536 for the third quarter of year ending June 30, 2012, compared to net income of $105,994 for the third quarter of the year ended June 30, 2011.
Through the first nine months of the year ended June 30, 2011, the company had net income of $555,203 or $0.54 per share, compared to net income of $334,269 or $0.33 per share a year earlier.
LifeStore Financial Group, Inc. is a chartered bank holding company, which owns 100% of the common stock of LifeStore Bank (the Bank), LifeStore Insurance Services, Inc. and Ashe Lane Capital Trust. The Bank is a commercial bank, which offers full-service banking services designed to meet the needs of retail and commercial customers. The Bank is an independent insurance agency offering traditional property and casualty, life and health insurance products. The Company has two segments: banking and insurance. The Bankâs personal and business banking services include checking, savings, mobile banking, mobile wallet, mortgages, personal loans and lines of credit, credit card processing, cash management services, non-personal certificates of deposit (CDs), reSubmitit check recovery, commercial loans, and agriculture loans. LifeStore Insurance Services, Inc. is an independent insurance agency with a network of seven offices throughout northwestern North Carolina.