Choice Bancorp, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Choice Bancorp, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, interest income was $3,046,000 against $2,669,000 a year ago. Net Interest Income was $2,262,000 against $2,081,000 a year ago. Net Income was $747,000 against $665,000 a year ago. Earnings per share were $0.37 against $0.32 a year ago. Book value per share as at June 30, 2016 was $12.73 against $11.92 as at December 31, 2015.
For six months, interest income was $5,957,000 against $5,167,000 a year ago. Net Interest Income was $4,485,000 against $4,075,000 a year ago. Net Income was $1,501,000 against $1,279,000 a year ago. Earnings per share were $0.74 against $0.62 a year ago.