SBT Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 28, 2014 at 07:30 pm IST
SBT Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total interest and dividend income was $3,168,000 compared to $2,852,000 for the same period of last year. Net interest and dividend income was $2,917,000 compared to $2,598,000 for the same period of last year. Income before income taxes was $42,000 compared to $828,000 for the same period of last year. Net income available to common shareholders was $107,000 compared to $579,000 for the same period of last year. Earnings per common share, assuming dilution was $0.12 compared to $0.66 for the same period of last year.
For the year, the company's total interest and dividend income was $12,004,000 compared to $11,567,000 for the same period of last year. Net interest and dividend income was $11,087,000 compared to $10,526,000 for the same period of last year. Income before income taxes was $1,269,000 compared to $2,751,000 for the same period of last year. Net income available to common shareholders was $1,029,000 compared to $1,898,000 for the same period of last year. Earnings per common share, assuming dilution was $1.17 compared to $2.18 for the same period of last year.