For the full-year period ended December 31, 2007, net income was $6.28 million, or $0.99 per diluted share, a decrease of 9.1%, compared to $6.91 million, or $1.07 per diluted share for the full-year period of 2006. Net interest income was $24.50 million, an increase of 0.6% for the full-year period of 2007, compared to $24.37 million for the full-year period of 2006.
Daniel Doyle, president and CEO, said: In 2007, the company continued to have strong asset and loan quality with virtually no non-performing loans and no investments in sub-prime mortgages, while maintaining well-capitalized status as defined by the banking regulators.
