Clarion County Community Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
For the six months, net income was $527,000 or $0.32 per diluted share compared to $533,000 or $0.32 per diluted share for the six months ended June 30, 2011. Net interest income was $2,291,000 against $2,254,000 a year ago, represents an increase of 1.6%. This was due primarily to an increase of $3.9 million in interest earning assets for the six months ended June 30, 2012 compared to the six months ended June 30, 2011. Book value per share as at June 30, 2012 was $7.50 against $7.13 as at June 30, 2011.