Peoples Ltd. announced earnings results for the second quarter and six months ended June 30, 2016. For the three months ended June 30, 2016, net income totaled $703,000 compared to $774,000 for the second quarter of 2015, a decrease of $71,000 or 9.2%. Earnings per share for the quarter of $1.28 compares to second quarter 2015 of $1.41 per share as adjusted for the 2015 year-end 5% stock dividend. The decrease from 2015 to 2016 is primarily attributable to additional costs beginning in the second quarter associated with the opening of the Clarks Summit Office and the PS Mortgage Office. Net income for the six months ended June 30, 2016 totaled $1,447,000 with earnings per share of $2.63 compared to 2015 results for the same period of $1,494,000 and $2.72, respectively, or a decrease of 3.2%. Annualized return on equity of 10.40% as of June 30, 2016 compares to 11.80% for the same period 2015. Return on assets of 0.92% as of June 30, 2016 compares to 1.00% for the same period in 2015.