Dimeco, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 12:47 pm IST
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Dimeco, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 7.002 million compared to USD 6.813 million a year ago. Net income was USD 1.869 million compared to USD 2.250 million a year ago. Basic earnings per share was USD 0.75 compared to USD 0.9 a year ago. Diluted earnings per share was USD 0.74 compared to USD 0.89 a year ago. For the half year, net interest income was USD 13.650 million compared to USD 13.310 million a year ago. Net income was USD 3.711 million compared to USD 4.407 million a year ago. Basic earnings per share was USD 1.48 compared to USD 1.77 a year ago. Diluted earnings per share was USD 1.47 compared to USD 1.75 a year ago.
Dimeco, Inc. is a bank holding company of The Dime Bank (the Bank). The Bank is a state-chartered bank and operates from approximately seven locations in northeastern Pennsylvania. It offers banking and bank-related services, including residential real estate, commercial mortgage, commercial and consumer financing, as well as interest earnings on investment securities. The Company, through its subsidiary, provides deposit services including checking, savings and certificate of deposit accounts and investment services. It offers a range of loans, such as consumer loans, home equity loans, mortgage loans, construction loans, and student loans. It provides business line of credit, business term loan, business vehicle loan, business equipment loan, capital improvement loan, and commercial real estate loan. Its online and mobile banking features include bill pay, voice bill pay, mobile wallet, external transfers, mobile deposit, e-statements and debit cards. It also offers merchant service.
DIMECO, INC. 
